Search found 589 matches

by Van
Fri Jan 18, 2019 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: VTEAX Tax Exempt Bond Index Fund
Replies: 7
Views: 687

Re: VTEAX Tax Exempt Bond Index Fund

alec wrote:
Fri Jan 18, 2019 3:10 pm
If you’re buying directly from Vanguard, why not just do the Int Term Tax Exempt admiral fund. The fund appears very similar to VTEAX.

No purchase fee and no ETF?
Similar but certainly not identical. VTEAX is an index fund, whereas the Int. Term TE is not. Different durations etc.
by Van
Thu Jan 17, 2019 10:09 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 848
Views: 43747

Re: John Bogle has died at age 89

A great man.
by Van
Tue Jan 15, 2019 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Secondary Issue CDs: Is Commission Deductible?
Replies: 2
Views: 196

Re: Secondary Issue CDs: Is Commission Deductible?

Thanks for the reply.

So you are saying that the commission is just "folded" into the premium or discount and is not treated as a separate entity. That would seem to keep it simple.
by Van
Tue Jan 15, 2019 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Secondary Issue CDs: Is Commission Deductible?
Replies: 2
Views: 196

Secondary Issue CDs: Is Commission Deductible?

I know that any Premium paid at purchase for a CD can be amortized and deducted from interest received. I think Accrued Interest paid for at purchase can be deducted as a lump sum from interest received. What about a Commission paid to the brokerage? Is that also deductible from interest received? I...
by Van
Sun Jan 13, 2019 9:14 am
Forum: Investing - Theory, News & General
Topic: Question about FDIC insurance
Replies: 21
Views: 1295

Re: Question about FDIC insurance

Thanks so much for starting this thread. With a very substantial portion of my portfolio in CDs, I was sleeping soundly thinking the principal was rock solid safe. Now I'm not so sure.
by Van
Fri Jan 11, 2019 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 477

Re: Tax concerns about buying CDs at discount/premium

Thanks to the responders. Very helpful.

Among other misconceptions, I was incorrectly equating original issue discount with market discount.

Van
by Van
Thu Jan 10, 2019 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 477

Re: Tax concerns about buying CDs at discount/premium

Van, If your brokerage account is with Fidelity, you will be provided with all the tax information you need. In the old days, an investor had to calculate premium amortization and discount accretion. But it is the brokerage’s responsibility now. I don’t know anything about VBS. BTW, you won’t get a...
by Van
Thu Jan 10, 2019 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 477

Re: Tax concerns about buying CDs at discount/premium

I'm surprised that no one responded to this post.

I guess I'm the only one that has shied away from secondary CDs because of concerns related to the tax issues.
by Van
Thu Jan 10, 2019 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Tax concerns about buying CDs at discount/premium
Replies: 8
Views: 477

Tax concerns about buying CDs at discount/premium

Please share your experience with the tax consequences of buying CDs at a discount or premium to par. I have always bought brokered new issue CDs at par and not had to deal with the tax consequences of purchasing at a discount or a premium. I have read enough to know that the discount or premium is ...
by Van
Sun Jan 06, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: Where are the Brokered CDs?
Replies: 18
Views: 1683

Re: Where are the Brokered CDs?

Same experience the last couple of days........most CDs have disappeared. Treasuries are totally gone.
by Van
Sun Jan 06, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14316

Re: What is your allocation to U.S. and International?

J G Bankerton wrote:
Sun Jan 06, 2019 9:35 am
I'm 10% foreign because it is too late to get out now. I should have listened to Me. Bogle. :(
Why is it too late?
by Van
Sun Jan 06, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14316

Re: What is your allocation to U.S. and International?

I just sold my international stock fund. So, now I'm 0% international for both stock and bonds. Although I did not really track it and I have not looked at the data, I got the impression over the years that changes in my broadly diversified US stock market fund and my broadly diversified internation...
by Van
Sat Jan 05, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4054
Views: 1102484

Re: What Movie Have You Recently Watched?

VICE. My wife and I liked it very much. Both of us have a very negative view of Dick Chaney. The movie reinforced that.
by Van
Sat Jan 05, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 14563

Re: Retirement itch- when did you get it?

45. Retired at 51. I'm a very, very fortunate guy!
by Van
Wed Jan 02, 2019 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1588

Re: Drop Stocks Altogether: Age Dependent Decision?

Thanks everyone for your thoughtful replies. I'm still on the fence, but I'm now leaning toward keeping a modest equity allocation. I found Vineviz comment particuarly intersting. He/she contends that a 20/80 allocation has lower volatility and a higher return than a 0/100 portfolio and that 20/80 w...
by Van
Wed Jan 02, 2019 8:59 am
Forum: Investing - Help with Personal Investments
Topic: Drop Stocks Altogether: Age Dependent Decision?
Replies: 23
Views: 1588

Drop Stocks Altogether: Age Dependent Decision?

I rebalance once a year at the beginning of January. While getting about doing this, I started thinking that perhaps I should change my allocation and drop stocks altogether. I'm more than 75 years old. My life expectancy is probably 10 years or so. Should there be, for example, a long sustained bea...
by Van
Fri Dec 28, 2018 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4436

Re: What do you do with dividends?

All dividends from funds in my taxable account go into the companion tax-free money market account. I use this money to rebalance early in January each year.

Dividends from funds in my non-taxable account are reinvested.
by Van
Wed Dec 19, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 580
Views: 59749

Re: What frugal thing did you do today?

Changed the filter in my heater.
by Van
Fri Dec 14, 2018 7:12 pm
Forum: Investing - Theory, News & General
Topic: "The Academic Argument for Expensive Mutual Funds"
Replies: 13
Views: 1187

Re: "The Academic Argument for Expensive Mutual Funds"

Thanks for posting. I'll still with low ER funds. The evidence is overwhelming.
by Van
Thu Dec 13, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 10656

Re: Robinhood to launch 3% Checking & Savings Accounts

If it sounds too good to be true.............
by Van
Tue Nov 27, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Employeer taking vacation days on public holidays - is this legal or normal?
Replies: 99
Views: 7542

Re: Employeer taking vacation days on public holidays - is this legal or normal?

Dottie57 wrote:
Tue Nov 27, 2018 3:30 pm
I have to say the idea of “commission” for a Doctor is frightening as a consumer of healthcare.
+1
by Van
Sat Aug 25, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3526
Views: 1034440

Re: What Book Are You Currently Reading? Part VI

TIGER WOODS. I enjoyed it, but I'm a 76 year old golf bum.
by Van
Wed Apr 26, 2017 4:28 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 51454

Re: Larry Swedroe says "Goodby."

I'm sorry to learn that you will be leaving us, and I'm even sorrier for your main reason for leaving.
by Van
Wed Feb 22, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard opens special offices for $1 million clients
Replies: 131
Views: 34865

Re: anguard opens special offices for $1 million clients

I'm Flagship and meet the 1 M qualification metric, but I've heard nothing from Vanguard about this service. What about others out there?
by Van
Tue Feb 07, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Bonds in Taxable?
Replies: 7
Views: 1680

Re: Tax Exempt Bonds in Taxable?

Do the math.
by Van
Wed Feb 01, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Spendthrift Daughter
Replies: 44
Views: 5094

Re: Spendthrift Daughter

Eagle4Life wrote:Also remember you won't care about what happens to the money after you're dead.
+1
by Van
Mon Jan 30, 2017 7:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 200
Views: 63810

Re: Vanguard's Wellesley Income fund is incredible

I own only index funds, except for Wellesley. I just can't bring myself to sell it.
by Van
Tue Jan 24, 2017 1:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4054
Views: 1102484

Re: What Movie Have You Recently Watched?

La La Land. I don't get all of the awards and award nominations. It is OK, but it is not great.
by Van
Fri Jan 20, 2017 7:32 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 333
Views: 72515

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Following this Philosophy, many Bogleheads now enjoy a substantial net-worth. Nevertheless, the way we spend our money can make a huge difference in our happiness and future wealth. This article from Physician On Fire offers food-for-thought: Stealth Wealth I look forward to reading about your pers...
by Van
Tue Jan 10, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel says "Don't Buy Bonds"
Replies: 48
Views: 10349

Re: Burton Malkiel says "Don't Buy Bonds"

With 75% of my portfolio in bonds (retired; 75 yrs old), I hope he is wrong. Do others out there know if this man has a good track record when it comes to forecasting the bond market? I will stay the course.
by Van
Sun Jan 08, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to the Dallas, TX Area
Replies: 32
Views: 3942

Re: Relocation to the Dallas, TX Area

At all costs, avoid becoming a Cowboys fan.
by Van
Wed Dec 28, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: How many of you invest 100% at Vanguard?
Replies: 118
Views: 11455

Re: How many of you invest 100% at Vanguard?

Both my wife and I are 100% Vanguard.
by Van
Mon Dec 26, 2016 7:20 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 10901

Re: My Christmas Gift to You.

The GREATEST GENERATION indeed!
by Van
Sun Dec 25, 2016 12:55 pm
Forum: Investing - Theory, News & General
Topic: Comparing Ferri and Malkiel's Bond Portfolios
Replies: 14
Views: 2769

Re: Comparing Ferri and Malkiel's Bond Portfolios

I believe that the bond market is very efficient at pricing risk, more so than the equity market. Whenever any bond asset or bond substitute yields more than high quality bonds it is overwhelmingly likely that more risk comes with it in exact proportion to its increased yield, risk being defined as...
by Van
Sun Dec 25, 2016 8:16 am
Forum: Investing - Theory, News & General
Topic: Comparing Ferri and Malkiel's Bond Portfolios
Replies: 14
Views: 2769

Re: Comparing Ferri and Malkiel's Bond Portfolios

FWIW: bonds are 75% of my portfolio (retired and 75 years old), and I have limited non-taxable space. The allocation I have selected for bonds is 1/3 Vanguard Total Bond, 1/3 Vanguard intermediate-term investment grade and 1/3 Vanguard intermediate-term tax-exempt. This seems to me like a pretty goo...
by Van
Thu Dec 22, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: Fortune Article - Vanguard Flexes Its Muscle
Replies: 43
Views: 6305

Re: Fortune Article - Vanguard Flexes Its Muscle

Thanks for posting the link. I very much enjoyed reading this article. I found Vanguard very early in my investing life, and I have been 100% Vanguard for many years. As for the problems mentioned in this thread as well as many others I've read previously in this forum, I just have not experienced a...
by Van
Sat Dec 03, 2016 12:31 pm
Forum: Investing - Theory, News & General
Topic: Forget the 4% safe withdrawal rule -- use RMDs instead.
Replies: 46
Views: 7763

Re: Forget the 4% safe withdrawal rule -- use RMDs instead.

I think the RMD distributes based on 1/life expectancy. So, if you had a $500,000 portfolio and you were 75 years old with a life expectancy of say 15 years, the withdrawal/payout would be $33,333. The next year it would be whatever was in the portfolio X 1/14 and so on. I guess if you live 20 year...
by Van
Fri Dec 02, 2016 5:31 pm
Forum: Investing - Theory, News & General
Topic: Forget the 4% safe withdrawal rule -- use RMDs instead.
Replies: 46
Views: 7763

Re: Forget the 4% safe withdrawal rule -- use RMDs instead.

I think the RMD distributes based on 1/life expectancy. So, if you had a $500,000 portfolio and you were 75 years old with a life expectancy of say 15 years, the withdrawal/payout would be $33,333. The next year it would be whatever was in the portfolio X 1/14 and so on. I guess if you live 20 years...
by Van
Fri Dec 02, 2016 11:42 am
Forum: Investing - Theory, News & General
Topic: What percentage of international do you hold?
Replies: 127
Views: 9807

Re: What percentage of international do you hold?

20% of my equity allocation is in international (FTSE ex-US). I have no particular reason for the 20% number.

0% of my bond allocation is in international.
by Van
Sun Nov 27, 2016 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 10940

Re: Why does the car dealer say leasing is cheaper than buying?

Car dealers have a long history of putting their customer's best interest first.
by Van
Sun Nov 27, 2016 2:46 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Where are you going for income?
Replies: 102
Views: 19262

Re: Retirees: Where are you going for income?

This is a bit off topic (sorry) but I'm retired and I prefer a total return approach rather than an income focused approach. Income producing assets are currently richly priced due to their popularity and hence produce paltry levels of income relative to historical standards. REITS produced 9%+ yie...
by Van
Sat Nov 26, 2016 10:16 pm
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 309
Views: 55436

Re: What is your favorite consumer product?

Garmin GPS. It saved my marriage, and I'm guessing many, many more!
by Van
Mon Nov 14, 2016 7:59 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 17258

Re: Muni bonds are getting killed. Are you bailing out?

Apparently as a consequence of Trump becoming POTUS elect, municipal bonds are getting slammed much worse than corporate bonds and somewhat worse than treasuries. The main factors are reported to be: anticipated lowering of tax brackets, anticipated increase in inflation and an anticipated increase...
by Van
Mon Nov 14, 2016 6:53 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 17258

Re: Muni bonds are getting killed. Are you bailing out?

Just today: Vanguard Intermediate-Term Tax Exempt was down 1.13% and Vanguard High-Yield Tax Exempt was down 1.5%.
by Van
Mon Nov 14, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Muni bonds are getting killed. Are you bailing out?
Replies: 88
Views: 17258

Muni bonds are getting killed. Are you bailing out?

[See my post on Page 2 regarding proposed legislation -- admin LadyGeek] Apparently as a consequence of Trump becoming POTUS elect, municipal bonds are getting slammed much worse than corporate bonds and somewhat worse than treasuries. The main factors are reported to be: anticipated lowering of ta...