Search found 1604 matches

by Bfwolf
Mon Oct 23, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 61
Views: 4571

Re: Why do I need bonds? (I'm 30)

OP, I see that many people are saying you don't need bonds at your age. You will make your own decision, of course, but keep in mind that this advice is being colored by the long bull market we are in. If you had asked this question 5 years ago, when 2008-09 was still relatively fresh and the smalle...
by Bfwolf
Sun Oct 22, 2017 7:23 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3025
Views: 885805

Re: What Movie Have You Recently Watched?

I got Moviepass recently and so am expecting to watch more movies than in the past. I watched 2 last week: 1) American Made starring Tom Cruise. This is about a pilot who gets caught up with the CIA and the drug/guns trade in Columbia/Central America in the 70s and 80s. I enjoyed this and would give...
by Bfwolf
Thu Oct 19, 2017 2:10 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 60
Views: 6013

Re: Trash dumped on curb (need advice)

I agree with the posters who say go knock on their door and explain your concerns. What's the worst that can happen? They say no. Then you can go to the HOA/city council/etc. If you were in their shoes, wouldn't you want somebody to come to you first?
by Bfwolf
Tue Oct 17, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 348
Views: 19136

Re: TD Ameritrade dropping Vanguard from commission-free ETFs

So are there any funds in here that are worth replacing the Vanguard funds for a 3 fund portfolio?
by Bfwolf
Thu Oct 12, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2402

Re: Going First Class

the " tell no one" doesnt work for me re the inheritance. I guess it's a very odd situation to have to tell your friends but I have worked with them for 30 years. There was no one else I would have trusted with the estate. They did a fantastic job. And most have more money than me. I'm a part time ...
by Bfwolf
Thu Oct 12, 2017 4:55 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2402

Re: Going First Class

the " tell no one" doesnt work for me re the inheritance. I guess it's a very odd situation to have to tell your friends but I have worked with them for 30 years. There was no one else I would have trusted with the estate. They did a fantastic job. And most have more money than me. I'm a part time ...
by Bfwolf
Thu Oct 12, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2402

Re: Going First Class

the " tell no one" doesnt work for me re the inheritance. I guess it's a very odd situation to have to tell your friends but I have worked with them for 30 years. There was no one else I would have trusted with the estate. They did a fantastic job. And most have more money than me. I'm a part time ...
by Bfwolf
Tue Oct 10, 2017 12:49 am
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2245

Re: 3 months left to contribute and max TSP

I think your plan is a good one. The traditional/Roth split is a tough call as mentioned by others. The usual Boglehead advice is to go all traditional when you're in the 25% bracket. But your real estate holdings and likely high dividends from a large taxable account (from civilian doctoring) in re...
by Bfwolf
Sun Oct 08, 2017 10:31 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 200
Views: 14862

Re: Dividends vs. Capital Gains for Spending Needs?

Another problem is long term capital gains on switching funds: Let's say your in a low dividend paying fund during your accumulation years (say TSM). Then at retirement you switch your TSM fund into a dividend paying fund (say HDY). As soon as you make the switch your hit with capital gains tax. On...
by Bfwolf
Fri Oct 06, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

My older son tried negotiating the amount of his merit scholarship offer from Pitt. He was trying to decide between Pitt and University of Maryland (College Park). UMCP is in state. He had similar stats to your nephew. Pitt had offered enough to get their tuition + R&B to about the level of in-stat...
by Bfwolf
Fri Oct 06, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Dish network
Replies: 21
Views: 1236

Re: Dish network

Echo what others have said about performance--outages occasionally but rarely due to weather. Not a dealbreaker IMO. I'll also add that the customer service I've received from Dish has been outstanding. I've had lots of receiver issues over the year and have probably had to have the receiver replace...
by Bfwolf
Fri Oct 06, 2017 1:43 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

alinna wrote:
Fri Oct 06, 2017 1:14 am
When you say that you don't think he'll get a merit scholarship from UCLA or UC Berkeley, are you saying that your nephew wouldn't qualify for their scholarships or that you don't think those schools offer merit scholarships?
Merit scholarships at those schools are limited and highly competitive.
by Bfwolf
Fri Oct 06, 2017 1:39 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

As a resident of California he can apply for the Western University Exchange program at U. of Arizona which will cause out of state tuition to be lowered to 1.5x in-state tuition if he is accepted as a WUE student. I don't think there will be much difference in quality of education or academic rigo...
by Bfwolf
Thu Oct 05, 2017 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

I'll let other Bogleheads to answer your scholarship questions. What major is your nephew planning to study? Is he also planning to pursue Master's afterwards? If his intended major is STEM, UC Berkeley or UCLA would be a no brainer compared to University of Arizona. Nothing wrong with UofA but it ...
by Bfwolf
Thu Oct 05, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

telemark wrote:
Thu Oct 05, 2017 5:28 pm
$12,300 for room and board? In Tucson? Maybe I'm out of touch, but I would explore ways to spend less on that.
Fair point. The $12,300 is student housing at U of A, so there may be better deals to be had off campus.

Doesn't change the general thrust of this thread though.
by Bfwolf
Thu Oct 05, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

Check out collegeconfidential.com for detailed help. In general, you have some negotiating room with private colleges if the student is highly desirable and got a higher aid offer from a school that the one you are negotiating with considers a peer or higher. I'm not sure what your negotiating leve...
by Bfwolf
Thu Oct 05, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Re: Negotiating merit scholarships

KlangFool wrote:
Thu Oct 05, 2017 5:05 pm
OP,

How does he rank in term of National Merit?

My niece was a National Merit Finalist. She had a full ride scholarship from the University of Arizona.

KlangFool
Unfortunately, he missed the PSAT cut for National Merit Semifinalist.
by Bfwolf
Thu Oct 05, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2049

Negotiating merit scholarships

My nephew is an outstanding student who will enter college next Fall. He recently found out he got into the University of Arizona with a $35,000 merit scholarship, which is consistent with the "automatic" scholarship they generate for an out-of-stater with his stats (4.0+ GPA, high SAT) according to...
by Bfwolf
Tue Oct 03, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Visiting Paris - should we buy tickets in advance?
Replies: 37
Views: 1647

Re: Visiting Paris - should we buy tickets in advance?

Hopefully you have an ATM card with a bank that does not gouge you with foreign transaction fees, such as Ally. Ally charges a fee for using overseas ATMs. https://www.ally.com/help/bank/atms-withdrawals.html I have a Schwab checking account which doesn't charge foreign ATM fees. When I go on an in...
by Bfwolf
Tue Oct 03, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: Chickened out... Now unsure where to start.
Replies: 33
Views: 3708

Re: Chickened out... Now unsure where to start.

1) Ironically, I'd say you're lucky that your emotional decision didn't work out. It's like putting $100 on the roulette table. If you win, you think you can beat a loser's game and the next thing you know you're betting $1,000. Better to take your $100 loss and quit playing roulette entirely. In th...
by Bfwolf
Fri Sep 29, 2017 7:06 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

It doesn't increase shareholder wealth. It does not increase earnings. The company is not more profitable. All those things remain the same. Any corporate action or policy that increases earnings per share is beneficial to the shareholder and increases shareholder wealth, per share. As a matter of ...
by Bfwolf
Fri Sep 29, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

It doesn't increase shareholder wealth. It does not increase earnings. The company is not more profitable. All those things remain the same. Any corporate action or policy that increases earnings per share is beneficial to the shareholder and increases shareholder wealth, per share. As a matter of ...
by Bfwolf
Fri Sep 29, 2017 6:16 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

I'm just taking an action that will increase EPS now and in the future. On paper the company looks more profitable and management looks better. A stock dividend makes EPS slightly worse but some companies still use them. My goal is do something that will make EPS better and that's what I would be s...
by Bfwolf
Fri Sep 29, 2017 5:59 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

I'm just taking an action that will increase EPS now and in the future. On paper the company looks more profitable and management looks better. A stock dividend makes EPS slightly worse but some companies still use them. My goal is do something that will make EPS better and that's what I would be s...
by Bfwolf
Fri Sep 29, 2017 5:56 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

Stock dividends are another mystery. The company gives you more shares but the share prices drop in value. So again, why give the stock dividend? Nothing has changed. Its like a stock split. If companies believe they have projects that have superior returns to what their shareholders could do with ...
by Bfwolf
Fri Sep 29, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2303

Re: Can we afford this house? ("Small Law" edition)

It's hard to say definitively whether you can afford it since you don't specify how much you are saving annually. But given the large pool of money you've accumulated to date, I suspect you have a healthy savings rate and could make the bigger house work. That's a different question, of course, then...
by Bfwolf
Thu Sep 28, 2017 11:43 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

GuitarXM wrote:
Thu Sep 28, 2017 11:05 pm
So then if that stock isn't efficient or liquid the buy back should increase the price.
Why?
by Bfwolf
Thu Sep 28, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: Using Verizon phones on T Mobile
Replies: 5
Views: 637

Re: Using Verizon phones on T Mobile

I took a Verizon iPhone 6s to Tmobile with no issues. Verizon's coverage is better, but you knew that already. The big difference is outside urban/suburban areas.

Tmobile is cheaper and offers free data/texting in most countries--that was that the key selling point for the switch for me.
by Bfwolf
Thu Sep 28, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

This thread has gotten off track as is always the case with dividend threads. But to get back to the OP's original question, Grabiner explained it perfectly. A comment before this goes the way most do & really for the benefit of those who read later with the intention of understanding...I pulled th...
by Bfwolf
Thu Sep 28, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Share buybacks vs Dividends
Replies: 102
Views: 4702

Re: Share buybacks vs Dividends

This thread has gotten off track as is always the case with dividend threads. But to get back to the OP's original question, Grabiner explained it perfectly. The OP's mistake was thinking the share price goes up during a buyback. It doesn't, it remains the same. Therefore, there is no advantage of a...
by Bfwolf
Tue Sep 26, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs
Replies: 52
Views: 6154

Re: Shifting 100% Stock → 35% Stock & 65% Bonds / REITs

Yes. My perceived risk from a 100% equity portfolio at this time is too high for my comfort zone so I'd like to hold more debt this year. I may shift back towards an unmodified Swensen with more equities later. I'm not trying to time the market as much as bring my perceived risk back to tolerable l...
by Bfwolf
Tue Sep 26, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: I ran out of credit card signups bonus...
Replies: 75
Views: 7436

Re: I ran out of credit card signups bonus...

https://creditcards.chase.com/a1/InkBusinessPreferred/8tk?CELL=6H8X&AFFID=pngc6t7Ewoo-jt_SJuCjgjf0Fx.lV72CCg&pvid=1dab0de94b514db8972b74c61ff3baff&jp_cmp=cc/458410/aff/3-10002676/na So is this Chase Ink business as good of a deal as it appears to be? As I read it, spend $5000 in 3 months (which won...
by Bfwolf
Mon Sep 25, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Is it a good time to buy Apple Stock on 9/23?
Replies: 18
Views: 1944

Re: Is it a good time to buy Apple Stock on 9/23?

Thank you all. These are very valuable and wise advices. This is the reason why I love you guys and the site so much. :D I really appreciate it. I listened to you and withdrew my buying APPL stock idea. One more question: I have had $150K in VTSAX and $70K in VTIAX since March 2017. They are growin...
by Bfwolf
Mon Sep 25, 2017 1:00 am
Forum: Investing - Help with Personal Investments
Topic: Is it a good time to buy Apple Stock on 9/23?
Replies: 18
Views: 1944

Re: Is it a good time to buy Apple Stock on 9/23?

Thank you all. These are very valuable and wise advices. This is the reason why I love you guys and the site so much. :D I really appreciate it. I listened to you and withdrew my buying APPL stock idea. One more question: I have had $150K in VTSAX and $70K in VTIAX since March 2017. They are growin...
by Bfwolf
Sun Sep 24, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24302

Re: I won the Lottery. Need sound advice.

DrHotLunch, First off: CONGRATULATIONS!!!! What an amazing thing to have happen. That's seriously awesome. Second: I sincerely apologize for the reception you received from some of my fellow Bogleheads. You came here looking for advice and were met with many sardonic, dismissive posts. Even many of ...
by Bfwolf
Sun Sep 24, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 7384

Re: Help?! My 70 year old father is 100% invested in equities

A few thoughts: 1) I don't like the idea of "capitalizing" pensions/SS as bonds. Instead, simply subtract those amounts off the required annual spending during retirement. If you'll have $40,000 a year in today's $s in pensions/SS, and your spending requirements in retirement will be $100,000/year i...
by Bfwolf
Mon Sep 18, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2270
Views: 395864

Re: What's Your Credit Card Rewards Strategy?

Interesting news about Barclaycard Arrival +. https://www.doctorofcredit.com/is-barclay-denying-those-with-many-new-accounts-similar-to-524-contribute-data-points-here/ Arrival Plus used to be a great card....not so much anymore. I downgraded mine to the free version to keep my card history up and ...
by Bfwolf
Mon Sep 18, 2017 9:52 am
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5481

Re: Lawyer overbilling for prenup review

OP, I am sorry you are getting so many negative responses when you are clearly in the right. But such is life on bogleheads.org. But I've been on the receiving end of a lot of unnecessary criticism before, and I know it can be bothersome. Yes, your expectations were probably unrealistic, but if it's...
by Bfwolf
Sat Sep 16, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16701

Re: Who has needed to use their umbrella insurance?

My Mom was involved in an incident with my brother's dog that she was walking....long story short the dog knocked over a lady who broke her knee. The litigation is ongoing, but the woman is asking for something like $750,000 so the umbrella insurance may come into play. But I'm guessing it probably...
by Bfwolf
Sat Sep 16, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: Lawyer overbilling for prenup review
Replies: 66
Views: 5481

Re: Lawyer overbilling for prenup review

OP, I think you have every reason to be peeved. Your request was clear. "An hour or so" is not six hours. No way no how. The attorney should have either: 1) (Preferred solution) Let you know upfront that this would take way more than an hour or that he couldn't project how long it would take, and as...
by Bfwolf
Sat Sep 16, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16701

Re: Who has needed to use their umbrella insurance?

My Mom was involved in an incident with my brother's dog that she was walking....long story short the dog knocked over a lady who broke her knee. The litigation is ongoing, but the woman is asking for something like $750,000 so the umbrella insurance may come into play. But I'm guessing it probably...
by Bfwolf
Tue Sep 12, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3046

Re: Brother in College Co-Signing w/ Buddy for Duplex

I don't think partnering with somebody you know well is a bad idea.

But your 2 year time frame really gives me pause. This is the kind of investment/job that's probably a lot easier if you're in the area.
by Bfwolf
Tue Sep 12, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Why doesn't my Vanguard 403(b) have a total stock index?
Replies: 9
Views: 720

Re: Why doesn't my Vanguard 403(b) have a total stock index?

In my (very possibly wrong) opinion, the rationale is three-fold, with reasons 1 and 2 being the primary one: 1) Having Total Stock and S&P 500 + Mid Cap/Small Cap (or Extended Market) is seen as duplicative so administrators pick one route or the other. 2) S&P 500 is a name brand the average invest...
by Bfwolf
Tue Sep 12, 2017 8:28 am
Forum: Investing - Help with Personal Investments
Topic: Dividend impact of investing $4,000 / month in VTSAX?
Replies: 5
Views: 1268

Re: Dividend impact of investing $4,000 / month in VTSAX?

Your math is correct. Will it be 1.8% long term? Nobody knows. Dividends yields used to be higher but dropped in the 90s and have stayed at this relatively low level since. http://www.multpl.com/s-p-500-dividend-yield/ The bigger question is: why do you care? There have been about 100 threads on her...
by Bfwolf
Tue Aug 22, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 61
Views: 5544

Re: Eclipse viewing

OP here. Based on everybody's advice, I decided to go for totality and went down to a southern suburb of St Louis to watch the eclipse. It was worth it! Fantastic experience, and we lucked out with blue skies. Thank you for giving me the push to do this!
by Bfwolf
Sat Aug 19, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 464
Views: 42344

Re: Picking College and College Scholarships

Research suggests his lifetime earnings will not be better going to a more expensive/higher reputation school. The idea that price doesn't matter when it comes to college is incredibly pernicious. While I agree that it sounds like the OPs son will find success no matter what school he goes to on th...
by Bfwolf
Sat Aug 19, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 464
Views: 42344

Re: Picking College and College Scholarships

$10k, $20k or even *gasp* $50k of debt after college isn't going to that big of a deal for an engineer especially if he has near perfect PSATs and takes school seriously. Don't limit his options just because "its your money." Didn't you set aside this money for your son? for this purpose? The son i...
by Bfwolf
Thu Aug 17, 2017 12:44 am
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1084

Re: Should I put other jobs on my resume?

I think there are 2 key positives for including the tutoring business: 1) Building up a tutoring business from scratch shows a lot of hard work, initiative, general intelligence, and the ability to work well with others.. Attractive qualities to potential employers. Especially since you're so young,...
by Bfwolf
Wed Aug 16, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 3040

Re: Credit score dropped 100 points overnight

If you have not done so, call the credit agencies and get your reports to see if there is an error. A drop of a hundred point is not normal. I agree with this. A hundred point drop over night is not normal. I've had over 30 new credit cards in the last 3 years and my credit score is still north of ...
by Bfwolf
Tue Aug 15, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 6017

Re: Plan for making child pay for part of college

OP, can you tell us what state you are in? I think that will help tailor the discussion. Colorado, but both kids are looking primarily out of state. I did underestimate in-state tuition somewhat... (i realized i was merging 3 schools, but one has no campus housing so that estimate excluded housing)...