Search found 337 matches

by JimInIllinois
Fri Aug 24, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance—Advice Requested
Replies: 63
Views: 6953

Re: Inheritance—Advice Requested

Why not Vanguard Tax-Managed Small-Cap Fund Admiral Shares (VTMSX) in place of VIOO in taxable?
It has a lower expense ratio (.09% vs .15%) and should save on income taxes while tracking the same index.
by JimInIllinois
Fri Aug 10, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Tablet?
Replies: 16
Views: 1378

Re: Should I Buy a Tablet?

Buy a Fire HD 8 for $60 (https://www.amazon.com/dp/B01J94T4R2/re ... ab_ds?th=1) and see what you like/hate about it.
Personally I like having a tablet just for books/video that doesn't have my email etc. on it for security reasons.
by JimInIllinois
Tue Jun 12, 2018 11:58 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 73
Views: 12436

Re: Paul Merriman criticism?

Please pardon a noon question. Has anyone figured out how to implement International Small Cap via Schwab or Vanguard? Also, how do folks allocated to US LC, US SC, Intl LC, Intl SC? I am sorry for the stupid question. If the question is inappropriate please let me know that too! At https://paulmer...
by JimInIllinois
Mon Apr 02, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: New Microwave - what to select?
Replies: 11
Views: 1426

Re: New Microwave - what to select?

Panasonic Inverter. Low power is actually low power, not high power alternating with off.
by JimInIllinois
Sat Feb 10, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 8591

Re: Does it ever make sense to buy a new car?

Buy out the 2015 Camry, then save for a couple of years and buy your wife a new car with cash.
by JimInIllinois
Mon Jan 15, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help with tax efficient asset allocation for taxable account
Replies: 16
Views: 2238

Re: Help with tax efficient asset allocation for taxable account

boglenobNYC wrote:
Mon Jan 15, 2018 10:44 pm
I don't have tax-advantaged account and not planning to have. I have a goal of early retirement abroad.
OK, that's outside my experience. I hope you've done your homework on this.
by JimInIllinois
Mon Jan 15, 2018 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with tax efficient asset allocation for taxable account
Replies: 16
Views: 2238

Re: Help with tax efficient asset allocation for taxable account

Have you seen https://www.bogleheads.org/wiki/Tax-managed_fund_comparison ? If you have savings in tax-advantaged accounts, look at the asset allocation across your entire portfolio rather than treating taxable and tax-advantaged separately, so you could put small caps in tax-advantaged and S&P 500 ...
by JimInIllinois
Mon Jan 15, 2018 3:59 pm
Forum: Investing - Theory, News & General
Topic: DFA Has Introduced Target Date Funds - LifeCycle Based?
Replies: 64
Views: 9993

Re: DFA Has Introduced Target Date Funds - LifeCycle Based?

Wondering if there are any updated opinions on the DFA Dimensional Target Date Retirement Income Funds two years in. https://us.dimensional.com/funds/dimensional-2025-target-date-retirement-income-fund https://www.tiaa.org/public/investment-performance/nonpropmutualfunds/profile?ticker=92810731 http...
by JimInIllinois
Sat Jan 13, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Replacement Suggestions For Microwave Oven
Replies: 22
Views: 1956

Re: Replacement Suggestions For Microwave Oven

I'd recommend an "inverter" model. On most microwaves the different power levels are achieved by turning full power on and off on a cycle of 15 seconds or so, so at power level 5 you get 10 for 7.5 seconds and 0 for 7.5 seconds. An inverter model applies lower power continuously, which I think is be...
by JimInIllinois
Thu Dec 14, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Need to find a Used/Refurbished Macbook Air
Replies: 24
Views: 1991

Re: Need to find a Used/Refurbished Macbook Air

I'd recommend just getting a new 13" Macbook Air. Used would probably need the battery replaced (not do-it-yourself) before she graduates. She'll get her (or your) money's worth out of it.
by JimInIllinois
Thu Dec 07, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: End of life care: urgent.
Replies: 9
Views: 2339

Re: End of life care: urgent.

I would have two goals, both needing legal advice:
1) Giving her as much influence as possible over the appointment of a new guardian.
2) Ensuring that as much of her estate as possible is used for the grandkids' education after they turn 18 rather than being siphoned off for their living expenses.
by JimInIllinois
Wed Feb 08, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Meb Faber and John Bollinger - you spend 80-90% of the time in drawdown?
Replies: 5
Views: 1128

Re: Meb Faber and John Bollinger - you spend 80-90% of the time in drawdown?

But if you bought at $25 a share and years later it gets to $50 a share and then falls to $40 or $30, is that really a drawdown? Aren't you still positive (up from where you bought)? Maybe I'm just equating drawdown with "loss" and that's not what's intended. Any input is appreciated. Thanks. Drawd...
by JimInIllinois
Mon Feb 06, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Family Emergency, Seeking Tax and Legal Insights
Replies: 11
Views: 2328

Re: Family Emergency, Seeking Tax and Legal Insights

But if she is not thinking straight, how can she make any decisions? Apparently the legal system is allowing her to make decisions, terrible ones, the consequences of which the OP would like to help his loved ones avoid. His sister-in-law may be a person, but the choices are being made by the disea...
by JimInIllinois
Mon Dec 19, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice for Worried 70 years olds
Replies: 9
Views: 1716

Re: Portfolio Advice for Worried 70 years olds

You could show them that income (dividends) from stocks is much less volatile than prices, so their income should be stable. With 70% bonds they will never be forced to sell stocks into a down market, so they can ride out any downturns. Finally, if they do want to reduce their risk, show them that t...
by JimInIllinois
Tue Oct 25, 2016 11:43 pm
Forum: Personal Consumer Issues
Topic: Chocolate Recommendations
Replies: 64
Views: 6119

Re: Chocolate Recommendations

Try Aldi, usually right near the entrance.
by JimInIllinois
Sat Oct 22, 2016 9:03 pm
Forum: Investing - Theory, News & General
Topic: How to know phone call from mutual fund company is legitimate?
Replies: 18
Views: 2333

How to know phone call from mutual fund company is legitimate?

At around 9am this morning (Saturday) I received a phone call from someone claiming to be from XXX mutual fund company (major, not Vanguard) that I recently opened an account with wanting to clarify some detail of my account. She then said she needed to verify who she was talking to and what was my ...
by JimInIllinois
Sat Jun 18, 2016 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Nice problem to have, Too much cash headed my way next 2.5 years
Replies: 22
Views: 3178

Re: Nice problem to have, Too much cash headed my way next 2.5 years

However #8 and #46 seem to conflict with the Taxable Account concept (?). 8. Don’t keep a heap of money in your checking account. 46. Don’t keep money in the stock market that you’ll need to spend within five years. What's the conflict? #8 doesn't say anything about keeping money in a higher-yieldi...
by JimInIllinois
Thu Feb 25, 2016 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: I Bonds for Emergency Fund?
Replies: 22
Views: 2679

Re: I Bonds for Emergency Fund?

Just thought I'd mention it since emergency funds usually connote money you plan to use in the next 1-5 years. It's important that funds needed for emergencies be liquid (that means you can get your money when you need it and hopefully without penalties). I'd say a true emergency fund is one you pl...
by JimInIllinois
Mon Feb 15, 2016 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 7316

Re: How to save money and keep the house clean?

How many people live in the house with you? If it's just you then you are either the worlds biggest slob or you are cleaning things that aren't dirty, pulling weeds that nobody would notice, and controlling pests that are long dead. Figure out how much time you are willing to invest in cleaning and ...
by JimInIllinois
Sun Jan 10, 2016 11:02 pm
Forum: Personal Consumer Issues
Topic: First Time Buying Furniture
Replies: 30
Views: 4354

Re: First Time Buying Furniture

Splurge on a good mattress and get everything else off of Craigslist. Lots of new furniture is crap, regardless of price.
Don't buy a desk - just use a big table. Get enough seating that you can have people over.
by JimInIllinois
Tue Jan 05, 2016 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: If all space heaters = 1500w max, then buy the cheapest one?
Replies: 25
Views: 3122

Re: If all space heaters = 1500w max, then buy the cheapest one?

My understanding is that some use the 1500w more efficiently than others. I use the a blower/fan-like 1500w unit in our bathroom which quickly reaches high temp (and dries out the air), however in a dry basement room use a 1500w oil unit which heats more gradually and evenly since I'm down there fo...
by JimInIllinois
Wed Nov 25, 2015 5:38 pm
Forum: Personal Consumer Issues
Topic: Travel backpacks with removable backpack option
Replies: 42
Views: 5972

Re: Travel backpacks with removable backpack option

I've been pretty happy with the Rick Steves Convertible Carry-On Backpack:
https://store.ricksteves.com/shop/p/carry-on-backpack
by JimInIllinois
Thu Oct 29, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should we go with TIAA/CREF Portfolio Advisor?
Replies: 30
Views: 5501

Re: Should we go with TIAA/CREF Portfolio Advisor?

I wouldn't do it, and certainly not on the claim that superior returns (at what risk?) will cover their fees. I would stick to the annuities in her retirement plan. What kind of plan is it (403b, 401a, ...) and what funds are available?
by JimInIllinois
Sat Jul 18, 2015 8:01 pm
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 100
Views: 25394

Re: The "No Bonds" portfolio

This guy is either being disingenuous or doesn't know how bonds work: With interest rates at record lows it is only logical to assume that interest rates will move higher sometime in the not too distant future. Consequently, I believe that bonds, as an asset class, should temporarily at least be av...
by JimInIllinois
Sat Jul 18, 2015 11:15 am
Forum: Investing - Theory, News & General
Topic: The "No Bonds" portfolio
Replies: 100
Views: 25394

Re: The "No Bonds" portfolio

This guy is either being disingenuous or doesn't know how bonds work: With interest rates at record lows it is only logical to assume that interest rates will move higher sometime in the not too distant future. Consequently, I believe that bonds, as an asset class, should temporarily at least be av...
by JimInIllinois
Sat Jun 06, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: New 12" Macbook: Which one to buy?
Replies: 10
Views: 6124

Re: New 12" Macbook: Which one to buy?

I love my 13" Air.
by JimInIllinois
Sat May 30, 2015 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Upcoming Economic Bubble
Replies: 45
Views: 7838

Re: Upcoming Economic Bubble

Congratulations on getting a stable job. Your $9500 is a good emergency fund, so either keep it in a bank or at most invest half of it in a bond fund. Set up 10% of each paycheck (at least - more would be better) to automatically buy into whatever 100% stock index fund portfolio you like. Then get o...
by JimInIllinois
Fri May 29, 2015 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax question
Replies: 7
Views: 1143

Re: Long term capital gains tax question

By default your sale will use FIFO (first in first out) accounting, so the oldest shares will be sold first, resulting in a long-term gain (or loss). See http://www.bogleheads.org/wiki/Cost_basis_methods
by JimInIllinois
Tue May 12, 2015 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Opinions on Fidelity Freedom Index 2020 fund?
Replies: 5
Views: 1149

Re: Opinions on Fidelity Freedom Index 2020 fund?

Consider the Vanguard Life Strategy funds. $3000 minimum and fixed stock/bond ratios:
https://investor.vanguard.com/mutual-fu ... estrategy/#/
by JimInIllinois
Tue May 12, 2015 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice: Especially with TIAA Real Estate
Replies: 21
Views: 2177

Re: Portfolio Advice: Especially with TIAA Real Estate

Would Trea fit your definition as something that mirrors housing prices? Depending on the purchase price of the house, my wife and I could use the $10,000 withdrawal from a roth account towards a downpayment. TREA is commercial real estate, not residential, but it's the closest thing I can think of...
by JimInIllinois
Mon May 11, 2015 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on Fidelity Freedom Index 2020 fund?
Replies: 5
Views: 1149

Re: Opinions on Fidelity Freedom Index 2020 fund?

This fund has 7% in a money market fund earning 0.1% interest, which is a waste given your time horizon. Since the fund assumes you are retiring soon it will be even more conservative in the future. There are funds that maintain a constant 60/40 ratio if that is what you want.
by JimInIllinois
Mon May 11, 2015 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice: Especially with TIAA Real Estate
Replies: 21
Views: 2177

Re: Portfolio Advice: Especially with TIAA Real Estate

The defined benefit pension cash value should be excluded from your asset allocation calculation unless you are planning to cash it in during the next market crash to buy stocks. Treat the pension (and social security) as reducing your income needs during retirement. The only funds I would consider ...
by JimInIllinois
Sun May 10, 2015 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 64
Views: 9400

Re: Philosophies of frugality.

Why experience is better than things? I see so many saying that here. We don't like to travel but we like nice things (house, cars, shoes, clothes). Why spending money on experience such as travel is better the others? The specific claim made by researchers is that buying novel, memorable experienc...
by JimInIllinois
Sun Apr 19, 2015 10:47 pm
Forum: Investing - Theory, News & General
Topic: new i-bond rate?
Replies: 28
Views: 6537

Re: new i-bond rate?

John3754 wrote:
JimInIllinois wrote:The real mystery is the fixed rate on i-bonds sold starting May 1.
If it's anything other than 0% I'll be surprised.
If it's 0% there would be no reason to buy before November.
by JimInIllinois
Sun Apr 19, 2015 10:28 pm
Forum: Investing - Theory, News & General
Topic: new i-bond rate?
Replies: 28
Views: 6537

Re: new i-bond rate?

The real mystery is the fixed rate on i-bonds sold starting May 1. Anything less than 1.7% fixed will have 0% return for the first six months. What fixed rate would be worth buying anyway? It depends on your anticipated holding period.
by JimInIllinois
Sun Feb 08, 2015 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help on TIAA CREF vs T ROWE vs FIDELITY
Replies: 8
Views: 2859

Re: Help on TIAA CREF vs T ROWE vs FIDELITY

I'll second TIAA Traditional and Real Estate Accounts. For stocks and bonds, however, if you have access to the Fidelity Spartan funds they are comparable to Vanguard in expenses.
by JimInIllinois
Sat Jan 03, 2015 11:36 am
Forum: Investing - Theory, News & General
Topic: How do taxes effect the risk-adjusted return of equities?
Replies: 2
Views: 524

Re: How do taxes effect the risk-adjusted return of equities

https://www.bogleheads.org/wiki/Tax-adjusted_asset_allocation discusses some of what you are asking, but if your returns don't effect your tax rate then it is like the government owns a fraction of your account equal to your marginal tax rate. Since this reduces risk and return by the same factor t...
by JimInIllinois
Sat Jan 03, 2015 11:29 am
Forum: Investing - Theory, News & General
Topic: How do taxes effect the risk-adjusted return of equities?
Replies: 2
Views: 524

Re: How do taxes effect the risk-adjusted return of equities

I have considered the idea that the riskiest assets should be held in tax-deferred accounts because the uncertain return of those assets will be somewhat damped by progressive taxation on withdrawal. If stocks do well you shouldn't mind paying a higher tax rate but if they do poorly your marginal ra...
by JimInIllinois
Wed Dec 03, 2014 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Assistance with new TIAA-CREF options
Replies: 9
Views: 1752

Re: Assistance with new TIAA-CREF options

The TIAA Real Estate account is a unique offering, offering the returns of commercial real estate without the short-term volatility of REITs. (It did lose substantial value five years ago, but much more gradually than REITs.) I like it. Some people don't trust it.
by JimInIllinois
Sat Jun 28, 2014 11:26 pm
Forum: Personal Consumer Issues
Topic: Kindle - Which one to buy?
Replies: 39
Views: 3733

Re: Kindle - Which one to buy?

The wifi PaperWhite. Very light to hold and easy to read in full sun or total darkness.
by JimInIllinois
Sat Jun 28, 2014 8:31 pm
Forum: Investing - Theory, News & General
Topic: Managing AA Targets between Taxable and Tax-Advantaged
Replies: 11
Views: 1601

Re: Managing AA Targets between Taxable and Tax-Advantaged

I would ask how contingent your early retirement is on the performance of the stock market over the next few years. If you are dead set on retirement in five years then you may want a taxable liability-matching portfolio locked in now. On the other hand, if an additional five years of market exposur...
by JimInIllinois
Fri Jun 20, 2014 8:51 am
Forum: Investing - Theory, News & General
Topic: Location does matter when measuring asset allocation
Replies: 45
Views: 4231

Re: Location does matter when measuring asset allocation

Jim, have you read this page on the wiki? http://www.bogleheads.org/wiki/Tax-adjusted_asset_allocation Somehow I missed that last night. :oops: The actual adjustment described in the wiki is 100% correct, including reducing taxable accounts by the marginal tax rate. However, the top-line summary th...
by JimInIllinois
Fri Jun 20, 2014 7:56 am
Forum: Investing - Theory, News & General
Topic: Location does matter when measuring asset allocation
Replies: 45
Views: 4231

Re: Location does matter when measuring asset allocation

Hmm battle of the -steins. I think Bernstein's argument is wrong, as you point out. What you have is a 59:41 portfolio - are you saying this isn't correct? 59:41 is the right answer, but Reichenstein's reasoning doesn't consider fluctuations. Asset allocation is about controlling the response of th...
by JimInIllinois
Thu Jun 19, 2014 11:57 pm
Forum: Investing - Theory, News & General
Topic: Location does matter when measuring asset allocation
Replies: 45
Views: 4231

Location does matter when measuring asset allocation

I'm working my way through William Bernstein's Rational Expectations and just got to the "Location, Location, Location" section where he very briefly dismisses the concept that you should adjust tax deferred and taxable account balances downward by their future tax exposure relative to Roth accounts...
by JimInIllinois
Mon Mar 03, 2014 9:27 pm
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 73950

Re: Bogleheads.org Home Page Updated

This is looking better, or at least more familiar. I'd like to thank Lady Geek for her patience and lack of hitting people.
I'd like to see what it looks like centered sometime.
by JimInIllinois
Mon Mar 03, 2014 1:25 am
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 73950

Re: Bogleheads.org Home Page Updated

I don't know what people are talking about when they say there is white space on the right side. I don't see any on my iPod touch. Do you really see a lot of white space on your smart phones? When I turn my touch from portrait to landscape, the font size increases so that it looks as if the proport...
by JimInIllinois
Mon Mar 03, 2014 12:57 am
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 73950

Re: Bogleheads.org Home Page Updated

tfb wrote:It's better than before. I'm afraid new visitors still can't figure out what's going on. Compare with the home page of Financial Wisdom Forum:

http://www.financialwisdomforum.org/

Mission statement, 2 major components: wiki + forum

Very clear and clean.
And, please note, centered.
by JimInIllinois
Mon Mar 03, 2014 12:56 am
Forum: Forum Issues and Administration
Topic: Bogleheads.org Home Page Updated
Replies: 230
Views: 73950

Re: Bogleheads.org Home Page Updated

Layout thoughts... For those that run at a higher-res the home page has always been shoved to the left. However this is more extreme. Pulling up the old site in the wayback machine and comparing I notice that the new layout is, aside from the header, roughly an inch skinnier (will differ on differe...
by JimInIllinois
Thu Jan 23, 2014 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Hypothetical Reallocation Strategy
Replies: 4
Views: 659

Re: Hypothetical Reallocation Strategy

It is important to know what her capital gain would be if she sold the VGHAX.