Search found 39 matches

by CashIsKing
Fri Feb 28, 2014 9:59 am
Forum: Personal Consumer Issues
Topic: How Much Auto Coverage Do I need?
Replies: 16
Views: 1966

Re: How Much Auto Coverage Do I need?

In my years in the auto insurance industry, I came across an odd set of property coverages for Michigan. It has a coverage called Property Protection Insurance (PPI) which is a coverage listed among the list of Liability coverages. I never actually worked on Michigan data reviews but it appeared to...
by CashIsKing
Fri Feb 28, 2014 9:26 am
Forum: Personal Consumer Issues
Topic: How Much Auto Coverage Do I need?
Replies: 16
Views: 1966

Re: How Much Auto Coverage Do I need?

Say I lived in a no-fault state and carried whatever limits were required by that state. If I drive my car into a different state that isn’t no-fault, and I’m involved in a severe multiple injury accident in that state and get sued for a seven figure amount, can I escape the lawsuit because my car ...
by CashIsKing
Thu Feb 27, 2014 10:19 am
Forum: Personal Consumer Issues
Topic: How Much Auto Coverage Do I need?
Replies: 16
Views: 1966

Re: How Much Auto Coverage Do I need?

One question: Why are you insuring yourself for less liability than for others? In effect, that's what you're doing with those lower uninsured/under-insured policy limits. If you became paralyzed by an uninsured driver, that $50,000.00 would be inadequate. The irony of it, is that the cost of increa...
by CashIsKing
Thu Feb 27, 2014 9:50 am
Forum: Personal Consumer Issues
Topic: Where to buy polo shirts?
Replies: 63
Views: 16387

Re: Where to buy polo shirts?

As a diehard, online shopper, I like L.L. Bean polos. Good quality and reasonably priced. The huge plus is that they offer FREE SHIPPING on everything all the time. To make it even more convenient, if you have their L.L.Bean credit card, then returns can also be shipped for free. Their return policy...
by CashIsKing
Tue Oct 15, 2013 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar Question
Replies: 1
Views: 336

Morningstar Question

In early July of this year I joined M'star Premium. I had used M'star for years but finally went for the Premium. Here is my question: When I go to "My Performance," under the graph there are two tables - one for monthly returns and one for trailing returns. They show results for "Total Return" and ...
by CashIsKing
Sat Sep 21, 2013 9:31 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

G-Force wrote:I went with opening up a $1000, 2-year CD to avoid the fee and keep the 5%. Seem like the easiest solution to me.
Just curious - how is that easier than 25 bucks in their MM Savings acct?
by CashIsKing
Fri Sep 20, 2013 10:36 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

For what it's worth, between AmEx Blue Cash Preferred capping the 6% back on groceries and PenFed's latest gyrations with the 5% back on gas, we decided on a different approach. I expect it to be simpler, easier, and perhaps more stable and just as lucrative. My wife said she will appreciate the si...
by CashIsKing
Fri Sep 20, 2013 10:09 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

As we often say on this forum, "Simplicity is king!" Personally, I am 4 cards. PenFed Gas for gas and whatever needs Visa vs. AmEx, AmEx Blue Everyday for grocery-only, Target at Target, Fidelity AmEx for everything else. I don't even think about Target when planning, so my thoughts basically revol...
by CashIsKing
Fri Sep 20, 2013 10:05 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

For what it's worth, between AmEx Blue Cash Preferred capping the 6% back on groceries and PenFed's latest gyrations with the 5% back on gas, we decided on a different approach. I expect it to be simpler, easier, and perhaps more stable and just as lucrative. My wife said she will appreciate the si...
by CashIsKing
Fri Sep 20, 2013 9:21 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

For what it's worth, between AmEx Blue Cash Preferred capping the 6% back on groceries and PenFed's latest gyrations with the 5% back on gas, we decided on a different approach. I expect it to be simpler, easier, and perhaps more stable and just as lucrative. My wife said she will appreciate the si...
by CashIsKing
Thu Sep 19, 2013 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

Oooops. I just read the post that showed they changed their mind. Please disregard mine! Sorry
by CashIsKing
Thu Sep 19, 2013 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

Sorry to disappoint, but a Money Market SAVINGS acct doesn't qualify. It must be a Money Market CERTIFICATE, which DOES have a $1000.00. I hope someone can prove me mistaken...I hate to give up this card.
by CashIsKing
Thu Sep 19, 2013 9:04 am
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141675

Re: PenFed Visa card for Gas program changing, now with a fe

Unless something changed in the last few days, the minimum money market or CD deposit required to keep the 5% gas rebate is $1000.00
by CashIsKing
Mon Jun 24, 2013 9:25 am
Forum: Personal Investments
Topic: A good core bond fund
Replies: 12
Views: 2476

Re: A good core bond fund

...VWIUX seems to be providing higher yields and total returns than BND & BIV, even before tax considerations. I am not seeing this. In order to get the longest-term data possible, I'm using the Investor shares equivalent to VWIUX, and the mutual fund equivalents of BND and BIV. Intermediate-term t...
by CashIsKing
Thu Jun 20, 2013 9:02 am
Forum: Personal Consumer Issues
Topic: How is Consumer Cellular
Replies: 39
Views: 13031

Re: How is Consumer Cellular

I am done with my contract at Verizon and I am very seriously considering switching to Consumer Cellular. Does anyone have any experience with this provider? Any Pros and Cons? I had CC for a few years and everything about them was a positive experience. However, their choice of phones was limited ...
by CashIsKing
Tue Jun 11, 2013 5:22 pm
Forum: Personal Investments
Topic: Using Int Term Tax Exempt vs. Savings Acct
Replies: 21
Views: 1841

Re: Using Int Term Tax Exempt vs. Savings Acct

Again, I get a bit befuddled about this, but if the higher interest rates lead to higher yields, then it would cushion, if not offset, the decrease in the value. If that's true, then it shouldn't matter if rates continue to go up or not. If they continue to go up, the yield would presumably go up a...
by CashIsKing
Tue Jun 11, 2013 12:24 pm
Forum: Personal Investments
Topic: Using Int Term Tax Exempt vs. Savings Acct
Replies: 21
Views: 1841

Re: Using Int Term Tax Exempt vs. Savings Acct

But isn't that 5-6% drop offset by the dividend yield? This is where I always get befuddled. Yes, if interest rates rise, then the "value" of the holding drops. But don't the higher yields produce more income? I know there's a difference here between owning a bond FUND as opposed to indiv bonds, bu...
by CashIsKing
Tue Jun 11, 2013 12:09 pm
Forum: Personal Investments
Topic: Savings bonds -- current interest rate & value
Replies: 18
Views: 3094

Re: Savings bonds -- current interest rate & value

It has already doubled in value once, as the others have said it yield 4%. If you don't need the money, leave it alone - folks can't get 4% in a 30 year bond today. Yet you can get 4% in a simple FDIC Insured checking account with just a few requirements that I find quite easy to satisfy. Check out...
by CashIsKing
Tue Jun 11, 2013 9:55 am
Forum: Personal Investments
Topic: Savings bonds -- current interest rate & value
Replies: 18
Views: 3094

Re: Savings bonds -- current interest rate & value

It has already doubled in value once, as the others have said it yield 4%. If you don't need the money, leave it alone - folks can't get 4% in a 30 year bond today. Yet you can get 4% in a simple FDIC Insured checking account with just a few requirements that I find quite easy to satisfy. Check out...
by CashIsKing
Tue Jun 11, 2013 8:34 am
Forum: Personal Investments
Topic: Using Int Term Tax Exempt vs. Savings Acct
Replies: 21
Views: 1841

Re: Using Int Term Tax Exempt vs. Savings Acct

You should NEVER use any bond fund for an emergency fund. The point of an emergency fund is for the money to be there when you need it. Bond fund values fluctuate, and they are fluctuating a lot more in the current environment where rates are rising and expected to keep rising for years to come. Th...
by CashIsKing
Tue Jun 11, 2013 8:18 am
Forum: Personal Investments
Topic: A good core bond fund
Replies: 12
Views: 2476

A good core bond fund

I recently sold all of my Vanguard Total Bond ETF (BND) and Vanguard Intermediate Term (BIV) and purchased the Vanguard Intermediate Term Tax-Exempt fund (VWIUX) as my core bond fund. I'm in the 28% tax bracket, a couple years from retirement, and with no ability to add to tax-advantaged accounts. I...
by CashIsKing
Fri Jun 07, 2013 11:33 am
Forum: Investing - Theory, News & General
Topic: How Commodities Can Help a Portfolio
Replies: 129
Views: 12137

Re: How Commodities Can Help a Portfolio

nisiprius, ....... The most fundamental and accepted definition is that with insurance you exchange the potential of a large loss with the certainty of a small(er) loss. .............. But a specific component of a portfolio that generally, predictably, moves in the opposite direction of another co...
by CashIsKing
Fri Jun 07, 2013 8:53 am
Forum: Investing - Theory, News & General
Topic: How Commodities Can Help a Portfolio
Replies: 129
Views: 12137

Re: How Commodities Can Help a Portfolio

... need to stop thinking about commodities as creating wealth the way stocks are expected to do--that's the problem. You need to think of them as portfolio insurance. I do not think investments should be called "insurance" (and I do not think insurance should be called "investments.") Insurance is...
by CashIsKing
Wed May 15, 2013 11:10 am
Forum: Personal Investments
Topic: Three Fund Portfolio over IRA and Taxable Accounts
Replies: 12
Views: 2751

Re: Bond fund calculator

Hi Don: I agree with Grabiner. You will find this tax-equivalent yield calculator helpful in determining whether to use Total Bond Market or a tax-exempt bond fund with similar (credit & maturity) for bonds in the taxable account. http://screen.morningstar.com/BondCalc/BondCalculator_TaxEquivalent....
by CashIsKing
Tue Mar 20, 2012 2:24 pm
Forum: Personal Investments
Topic: Fixed Income Consolidation
Replies: 6
Views: 604

Re: Fixed Income Consolidation

"Take care of themselves" funds do that when they are the only fund but do just the opposite when they are part of a collection of funds. I'm not quite sure what you mean by the above, but I was referring to a widow who wasn't able or willing to manage a significant amount of money. At least VTXVX ...
by CashIsKing
Tue Mar 20, 2012 1:09 pm
Forum: Personal Investments
Topic: Fixed Income Consolidation
Replies: 6
Views: 604

Re: Fixed Income Consolidation

YDNAL, As I said in my post, I'm not married to the idea of keeping VTXVX, VWELX, and JILCX. However, it seems to me that the very reason for keeping them is the one reason you give for getting rid of them: If I kick the bucket, those funds would "manage themselves" for my wife to a greater extent t...
by CashIsKing
Tue Mar 20, 2012 10:33 am
Forum: Personal Investments
Topic: Fixed Income Consolidation
Replies: 6
Views: 604

Fixed Income Consolidation

I think I need to realign and/or consolidate the Fixed Income portion of my portfolio. I'd appreciate some input. I'm not concerned (for now) about Eqiuities/FI allocation.......just the FI allocation. I think I've become "too clever by half" and should consolidate. Some basic facts: I'm 63, wife 62...
by CashIsKing
Sat Feb 26, 2011 8:12 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Re: Bonds or Cash?

My question is: Am I mistaken in including my cash position as part of my bond position? In my opinion, no, you are not mistaken, except that I would call it your fixed-income allocation, which includes both bonds and cash. I view cash as fixed income at the far left of the yield curve (maturity an...
by CashIsKing
Sat Feb 26, 2011 8:04 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Perhaps I didn't communicate my original post clearly enough. I wasn't asking for advice on my equity allocation. I feel quite comfortable with changes I plan to make. I was actually seeking other opinions on the allocations of bonds and cash (cash as I've defined it for me in my other posts.) As pr...
by CashIsKing
Sat Feb 26, 2011 2:01 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Relative to investing in stocks, cash is part of bonds. Relative to risk and return within bonds, there is cash, there are bonds, and there are special investments like money market funds and stable value funds. The latter have a promise to be marked in constant dollar value but are not actually ca...
by CashIsKing
Sat Feb 26, 2011 1:50 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Surprised to hear you want an even higher equity exposure at this point in your lives. Do you feel like you *need* to take on more risk in order to reach a particular goal? If not, then your sentiments are concerning to me; sounds like an idea born out of regret for partially "missing the boat" in ...
by CashIsKing
Sat Feb 26, 2011 1:32 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Mind if I ask why you are planning to move to a more aggressive asset allocation? I guess my reply to hlfo718 is the same answer here. 45% stocks is just a tad low I think. I am 55 years old with 7-figure portfolio. At this time, we're about 50% equity, which we think it's too aggressive. We're pla...
by CashIsKing
Sat Feb 26, 2011 1:20 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Target for me is 40/60 equity/bonds; age=late 50s. No cash except enough to pay one month of bills. Cash has extremely low expected return. Short to medium duration bonds will be "relatively" stable (certainly more stable than equity) and allows me to lower the equity allocation and tilt to SV to b...
by CashIsKing
Sat Feb 26, 2011 1:05 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

At 63, I am comfortable with where you are now. We are even more conservative with 25% in stock. I have a lot of my fixed in a SVA earning 3.9% and am quite content with that. My understanding is that SV is basically a short term bond fund with an insurance wrapper. Good luck. It may be true that a...
by CashIsKing
Sat Feb 26, 2011 12:58 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

I tried to post this earlier, but was having computer trouble: It looks to me like your bonds/cash portion is "working hard enough" not to need to take more risk. Is this an effort to push up your portfolio to 7 digits before retiring? Obviously, it's up to you, but I'd be inclined to keep things c...
by CashIsKing
Sat Feb 26, 2011 12:54 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Relative to investing in stocks, cash is part of bonds. Relative to risk and return within bonds, there is cash, there are bonds, and there are special investments like money market funds and stable value funds. The latter have a promise to be marked in constant dollar value but are not actually ca...
by CashIsKing
Thu Feb 24, 2011 12:15 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Jacobkg wrote:Mind if I ask why you are planning to move to a more aggressive asset allocation?
I guess my reply to hlfo718 is the same answer here. 45% stocks is just a tad low I think.
by CashIsKing
Thu Feb 24, 2011 12:09 pm
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

same question from me, why move to more aggressive at this point in your life? If this allocation has served you well, why not maintain it? If you are nervous on the fixed income side, you can always move to shorter duration, but I would stick with very high quality like US Gov't and investment gra...
by CashIsKing
Thu Feb 24, 2011 11:19 am
Forum: Personal Investments
Topic: Bonds or Cash?
Replies: 28
Views: 3460

Bonds or Cash?

My wife and I are 62, getting ready to retire in a couple of years. Our portfolio is close to 7 figures. Without getting into too much detail, it is about 45% stock/25% bond/and about 30 cash or short term reserves. Very high in that category I realize. Here is my question: The bulk of that cash pos...