Search found 606 matches

by William Million
Sun Jan 12, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 5917

Re: Why are Dividend Stocks pushed so hard?

Dividend is an important value indicator for a company that cannot plow all profit productively into the business. Of course, that depends on the sector and company. For Enron, it was a sign of weakness that it didn't pay a dividend. In that industry, there was a ceiling to growth so the lack divide...
by William Million
Mon Jan 06, 2020 3:57 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

My own recent experience. For example: - For some reason, Vanguard no longer allows us to see my wife's IRA on our joint site. No matter how much we call, we can't get the call center operators to understand what we want. - The web site will not allow us to contribute to 2020 IRA. I'm sure we'll ge...
by William Million
Mon Jan 06, 2020 1:48 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

These threads are getting ridiculous. This is basically trolling now. Vanguard is not bad. It works. It's good enough. I don't understand the constant slamming. Nothing they do or don't do is good enough. Is this just to elicit a reaction from those that use it? If so, that's the very definition of...
by William Million
Mon Jan 06, 2020 1:18 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With incorrect premises such as these, any conclusions will be erroneous. Yeah, you're right in that I'm exaggerating. However, the Vanguard's customer service and website is inferior to the other - by just about any measure, I think. I am completely satisfied with Vanguard's customer service and w...
by William Million
Mon Jan 06, 2020 11:56 am
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

I look forward to the day when all the people that can't stand Vanguard, leave Vanguard. This forum will become a much more pleasant place. Regards, Why would someone leave the forum just because they moved their Vanguard ETFs to their Fidelity brokerage account? I'm not looking for anyone to leave...
by William Million
Mon Jan 06, 2020 9:43 am
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service ... With incorrect premises such as these, any conclusions will be erroneous. Yeah, you're right in that I'm exaggerating. However, the Vanguard's customer service and website is inferior to the other - by just about any measure, I thi...
by William Million
Mon Jan 06, 2020 4:55 am
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service and with equity index funds no cheaper than other fund families, is there any reason to invest with Vanguard other than its fixed income funds, especially since the company now prefers putting its resources into advertising to gain new...
by William Million
Sun Jan 05, 2020 11:23 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

I look forward to the day when all the people that can't stand Vanguard, leave Vanguard. This forum will become a much more pleasant place. Regards, I believe the Bogleheads forum is for those who follow the investing wisdom of John Bogle, not for those who invest exclusively with Vanguard. In some...
by William Million
Sun Jan 05, 2020 8:47 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

There are a lot of people here who drink Vanguard's koolaid and there's probably also a large number of Vanguard employees on these forums too. You can tell by how often people recommend Vanguard funds even when they aren't the best option. I prefer to be objective and objectively Vanguard wins in ...
by William Million
Sun Jan 05, 2020 8:09 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

Just an example: I've been trying since Sat morning to contribute to my IRA. Site won't allow it - for 2 days. Tomorrow I'll end up talking to a flunky at a call center hired by Vanguard. I'd never have this issue with Fidelity - reliable and intuitive site, excellent customer service, often by cert...
by William Million
Sun Jan 05, 2020 8:00 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service and with equity index funds no cheaper than other fund families, is there any reason to invest with Vanguard other than its fixed income funds, especially since the company now prefers putting its resources into advertising to gain new...
by William Million
Sun Jan 05, 2020 8:00 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service and with equity index funds no cheaper than other fund families, is there any reason to invest with Vanguard other than its fixed income funds, especially since the company now prefers putting its resources into advertising to gain new...
by William Million
Sun Jan 05, 2020 7:58 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service ... With incorrect premises such as these, any conclusions will be erroneous. Yeah, you're right in that I'm exaggerating. However, the Vanguard's customer service and website is inferior to the other - by just about any measure, I thi...
by William Million
Sun Jan 05, 2020 5:11 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

Thanks. I'll check on that.

I'd be more concerned creating a taxable event with equity funds than with bond funds.
by William Million
Sun Jan 05, 2020 4:58 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

Re: If not for fixed income, why Vanguard?

Thanks for the suggestions for MMF and Bond Fund alternates. I'm looking at them. I still have large stock mutual funds with Vanguard that I don't want to see out of and generate taxes. Given how bad Vanguard is getting compared to Fido and Schwab, one has to wonder whether a young Bogle would choos...
by William Million
Sun Jan 05, 2020 3:45 pm
Forum: Personal Investments
Topic: If not for fixed income, why Vanguard?
Replies: 109
Views: 6036

If not for fixed income, why Vanguard?

With its antiquated 1992 website, with limited customer service and with equity index funds no cheaper than other fund families, is there any reason to invest with Vanguard other than its fixed income funds, especially since the company now prefers putting its resources into advertising to gain new ...
by William Million
Thu Jan 02, 2020 7:47 pm
Forum: Personal Consumer Issues
Topic: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency
Replies: 24
Views: 2165

Re: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency

So you don't object to paying one of two exams within 12 months, but you find $350 excessive. I would find out what your insurance would have compensated dentist #1 and offer to pay that. The dentist should accept that, as his/her office should not make extra $ for being inefficient. First speak to...
by William Million
Thu Jan 02, 2020 1:09 am
Forum: Personal Consumer Issues
Topic: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency
Replies: 24
Views: 2165

Re: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency

Recommendation on how to handle it - pay your bill. The dental office accepted and filed your insurance as a courtesy to you, not as a requirement of them. You could have filed it yourself if you were concerned about timely filing. However, I doubt that’s the case since you weren’t concerned for ei...
by William Million
Thu Jan 02, 2020 12:08 am
Forum: Personal Consumer Issues
Topic: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency
Replies: 24
Views: 2165

Re: Dental Office Submits Claim Late and Have Threaten to Report Me to Collection Agency

So you don't object to paying one of two exams within 12 months, but you find $350 excessive. I would find out what your insurance would have compensated dentist #1 and offer to pay that. The dentist should accept that, as his/her office should not make extra $ for being inefficient. First speak to ...
by William Million
Sun Dec 29, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Is this method tax avoidance or tax evasion?
Replies: 10
Views: 1314

Re: Is this method tax avoidance or tax evasion?

Of course, it's tax evasion.

Although certainly hope you and your father get along well, it would get messy in the event of a falling out.
by William Million
Sun Dec 01, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: High income and college costs question
Replies: 317
Views: 14160

Re: High income and college costs question

No reason high income families can't take advantage of public colleges, including community colleges. In California, community college is free for all residents for the 1st year.

In addition, some private colleges will give scholarships to nearly every applicant.
by William Million
Mon Nov 18, 2019 10:01 pm
Forum: Personal Investments
Topic: Moving $380K in individual stocks to index fund
Replies: 65
Views: 4398

Re: Moving $380K in individual stocks to index fund

Biggest problem is over-weighting of MSFT. If MSFT drops, you lose big. i'd gradually sell it down below 100k. From now on, you might want to invest in indexes.
by William Million
Sun Nov 17, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value Investors: Time to Back Up the Truck?
Replies: 94
Views: 8340

Small Cap Value Investors: Time to Back Up the Truck?

I see that large growth has been on a tear.

Last 5 years, as per Morningstar, large cap growth 13.5% annual; small cap value 4.6%.

If you buy the theory that small cap value will, over the long haul, out perform, is it now time to back up the truck? Is this one of those historic opportunities?
by William Million
Fri Nov 15, 2019 10:32 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 13357

Re: Best thing you have ever bought?

State College, 1st tuition $105 per semester
by William Million
Mon Nov 11, 2019 11:43 am
Forum: Personal Investments
Topic: About to put $ in Fixed income, which one?
Replies: 16
Views: 1953

Re: About to put $ in Fixed income, which one?

Gill wrote:
Mon Nov 11, 2019 11:31 am
William Million wrote:
Mon Nov 11, 2019 11:28 am
Am I overlooking anything?
Yes, the simple fact that the money market funds hold very short term instruments and the yield could drop quite rapidly.
Gill
Thanks much for responding. If the money market yield drops, can't I just shift the funds into bonds?
by William Million
Mon Nov 11, 2019 11:28 am
Forum: Personal Investments
Topic: About to put $ in Fixed income, which one?
Replies: 16
Views: 1953

About to put $ in Fixed income, which one?

I have some CDs maturing and I'd like to put the money into fixed income. Looking over Vanguard's current offerings, I see plain old Prime yields 1.82%. If I add some risk to my original investment by stretching it out to Intermediate Term Bond Admiral shares (VBILX), I only get 2.12%. It just doesn...
by William Million
Mon Nov 11, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: IHG credit card and Rewards Nights ...
Replies: 37
Views: 1937

Re: IHG credit card and Rewards Nights ...

what's worse, annual fee is now up to $89. Card is really just worth it to get the sign-up bonus, then drop.
by William Million
Sat Sep 07, 2019 7:23 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7571

Re: Mensa membership

Classic Kobayashi Maru: If you're foolish enough to pay these clowns so that they certify your high intelligence, you can't be that bright. In other words: You fail the intelligence test if you join mensa. You pass the IQ test if you decline membership. You ace the test if you become part of the sch...
by William Million
Fri Sep 06, 2019 9:10 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7959

Re: First-hand experiences with United Basic Economy for families?

Deciding to have kids means deciding to pay for it. It's not cheap, whether day care, family trips, summer camp, tutoring or college. You decided to have 3 kids. As a responsible parent, you now have to ensure your kids are not spilling drinks on other passengers, kicking the seat in front of them o...
by William Million
Mon Aug 19, 2019 9:10 am
Forum: Personal Consumer Issues
Topic: Amazon -- no longer the lowest prices, evidently
Replies: 120
Views: 13576

Re: Amazon -- no longer the lowest prices, evidently

Very little I still get on Amazon. I only do Prime when there's a worthwhile TV series. Non-Prime delivery not much slower or more costly. Netflix generally better. I do get great deals on size 13 shoes. Usually when all the common sizes have sold out. I can sometimes get 80, 90% off. Some of Amazon...
by William Million
Sun Jun 16, 2019 9:31 am
Forum: Investing - Theory, News & General
Topic: good example US vs UK returns
Replies: 20
Views: 1856

Re: good example US vs UK returns

ValueThinker-

You would agree, I assume, that UK stocks are a screaming buy right now, compared to US equities and by any valuation metric?
by William Million
Sun Jun 16, 2019 1:41 am
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 57
Views: 4481

Re: Alternatives to car rental for three months?

The cheap, owner-operated used car lots, not connected to dealerships, will sometimes guarantee to buy back a car for an agreed-upon price. Last time I did that, I bought for $10k and the owner agreed to buy back at $8k nine months later if I didn't drive too much. Did that arrangement avoid sales ...
by William Million
Sat Jun 15, 2019 5:43 pm
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 57
Views: 4481

Re: Alternatives to car rental for three months?

The cheap, owner-operated used car lots, not connected to dealerships, will sometimes guarantee to buy back a car for an agreed-upon price. Last time I did that, I bought for $10k and the owner agreed to buy back at $8k nine months later if I didn't drive too much.
by William Million
Sat Jun 15, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: good example US vs UK returns
Replies: 20
Views: 1856

Re: good example US vs UK returns

Great time to be buying UK stocks. Window of Brexit turmoil will not stay open forever.

ZGBR pays about 4.5% dividend.
by William Million
Sat Jun 15, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 353
Views: 354611

Re: A time to EVALUATE your jitters

.. accumulators like myself who are saving like crazy are completely buying at elevated valuations and are not even able to lower our cost basis so we continue to pump money into a market that can go sideways for a few years then crash 50%, how terrific! Being age 62, I am also afraid of a big mark...
by William Million
Sat May 11, 2019 2:38 pm
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 4133

Re: CAPE-based asset allocation strategy?

amazed that Shiller's scheme CAPE 10 still has following, even as it fails to outperform market year after year. Says more, perhaps, about Shiller's PR talents. If you want to reduce risk, just drop equity allocation by 5 or 10 percent. Some of these schemes might work over the long haul (perhaps sm...
by William Million
Sat May 11, 2019 2:37 pm
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 4133

Re: CAPE-based asset allocation strategy?

Update: Did some backtesting yesterday. The CAPE strategy outperforms on total return; however, the effect was small, less than 1% CAGR. I tested various periods between 1985 and 2018, using Shiller's data. (To simplify the CPI and buy-back effects, I used a fair value CAPE range that increased lin...
by William Million
Sat May 11, 2019 2:41 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 4133

Re: CAPE-based asset allocation strategy?

In a 2015 article, Michael Kitces and Wade Pfau presented the results of an analysis that suggested some advantage in CAPE-based asset allocation: https://www.aaii.com/journal/article/increasing-retirement-withdrawal-rates-through-asset-allocation How has that plan worked since 2015? I can't see it...
by William Million
Sat May 11, 2019 2:25 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 4133

Re: CAPE-based asset allocation strategy?

In a 2015 article, Michael Kitces and Wade Pfau presented the results of an analysis that suggested some advantage in CAPE-based asset allocation: https://www.aaii.com/journal/article/increasing-retirement-withdrawal-rates-through-asset-allocation How has that plan worked since 2015? I can't see it...
by William Million
Fri May 10, 2019 5:00 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 4133

Re: CAPE-based asset allocation strategy?

There are lots of ways investors find value. Why put all your eggs in one metric? If CAPE is so great, why is Schiller generally wrong about the market?

If you had followed CAPE over the past decade's bull market, you would have been wrong more often than right.
by William Million
Sun May 05, 2019 10:27 am
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 17
Views: 2851

Re: Muni MM Closing in on Prime MM

I use Vanguard High Yield Tax Exempt Admiral (VWALX) for the purpose most people use Prime or Muni MM, so I’ve got a ways to go before I jump entirely to Prime. I’m definitely watching it, though, and my next monthly transfer will be into Prime instead of the junk bond muni. Yes, I’m well aware of ...
by William Million
Sun May 05, 2019 10:10 am
Forum: Personal Investments
Topic: Anyone Else Buying Xmas Sale in Equities?
Replies: 33
Views: 4980

Re: Anyone Else Buying Xmas Sale in Equities?

Was a truly great Dec 24, 2018 sale in equities. Now with S&P up to 2945 from 2351, re-balancing out of market. I applaud your courage for stepping in and buying at that time - the news and sentiment were so negative. So are you now rebalancing or getting out of equities (those being different thin...
by William Million
Sun May 05, 2019 1:50 am
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 17
Views: 2851

Re: Muni MM Closing in on Prime MM

It won't last folks. Muni money market yields spike every year around tax time. The yields will go down with respect to Prime MM in due course, just like they do every year. Dale That's fine. To me, the easiest investment switcheroo is from MM Prime to MM Muni and back. If I can make a bit of $, I'...
by William Million
Sat May 04, 2019 11:07 pm
Forum: Investing - Theory, News & General
Topic: VMSXX vs VWSTX [Vanguard Muni Money Market vs. Short-Term Tax-Exempt]
Replies: 8
Views: 1105

Re: VMSXX vs VWSTX

Great opportunity to invest risk-free in munis. I shifted out of Prime and ST today.
by William Million
Sat May 04, 2019 8:59 pm
Forum: Personal Investments
Topic: Anyone Else Buying Xmas Sale in Equities?
Replies: 33
Views: 4980

Re: Anyone Else Buying Xmas Sale in Equities?

Was a truly great Dec 24, 2018 sale in equities. Now with S&P up to 2945 from 2351, re-balancing out of market.
by William Million
Sat May 04, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 17
Views: 2851

Muni MM Closing in on Prime MM

2.02% versus 2.44%. Close enough, now, for me to switch to municipal. Anyone else shifting?

Even best CDs are not breaking 3%, so 2% tax free on Muni MM not an awful deal. In fact, tax-exempt short term corp only paying 1.8%.
by William Million
Mon Apr 08, 2019 10:06 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 9652

Re: The "dividend preference anomaly"

A dividend not paid out and invested unwisely by corporate management is ephemeral and can be gone tomorrow. And a divided not paid out and invested wisely by corporate management will grow and be worth more tomorrow. That's investing, pure an simple. As Corey Hoffstein says, "no pain, no premium"....
by William Million
Mon Apr 08, 2019 6:43 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 9652

Re: The "dividend preference anomaly"

Well put, nispirius. Bottom line: Neither dividend-paying stocks, nor non dividend-paying stocks, are superior investments. Some stocks should pay dividends, some should not. It would be nuts for Lyft to pay a dividend at this time. It was, however, a huge warning sign that Enron did not pay a divid...
by William Million
Mon Apr 08, 2019 5:21 am
Forum: Investing - Theory, News & General
Topic: The "dividend preference anomaly"
Replies: 183
Views: 9652

Re: The "dividend preference anomaly"

We're missing the point here. Certain companies should pay dividends, others should not. Problem is when a company that should pay dividends does not, like Enron in 1990s. Early Microsoft didn't need to pay a dividend as it was better to plow revenue into more growth. Mature Microsoft, with far fewe...
by William Million
Fri Jan 04, 2019 5:10 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 109
Views: 6845

Re: FAFSA - is it worth filling out?

Zero tuition at Calif community colleges for 1st time freshmen is one of the best deals around, but you have to fill out FAFSA. You get it regardless of income, and courses transferable to UC/CSA systems and most other colleges.