Search found 246 matches

by Lancelot
Tue Apr 30, 2019 6:07 pm
Forum: Personal Investments
Topic: Dynamic Asset Allocation Strategy -- Thoughts?
Replies: 10
Views: 1708

Re: Dynamic Asset Allocation Strategy -- Thoughts?

I like David Zolt's Target Percentage strategy
https://www.targetpercentage.com/
by Lancelot
Wed Mar 20, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealer Promo: 0% for 60 months (need advice)
Replies: 25
Views: 2634

Re: Car Dealer Promo: 0% for 60 months (need advice)

It is hard to beat 0%. Often, 0% financing is in lieu of cash back. It's not really 0% financing then, but interest that is front loaded by being rolled into the vehicle price Best bet on cars is to look at one thing and one thing only: the price of the vehicle . Be ready to pay that price cash, bu...
by Lancelot
Wed Mar 20, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I leave my local bank
Replies: 43
Views: 3822

Re: Should I leave my local bank

Cashier's check: Good banks/brokerages will overnight them, but I've never needed one that fast. Good to know. Having a fast way to receive a cashiers check would be helpful when buying a used car from a private seller. Otherwise, I prefer to bank online and not waste my time going to a physical ba...
by Lancelot
Wed Mar 20, 2019 5:48 pm
Forum: Personal Investments
Topic: IRA excess contribution
Replies: 5
Views: 229

Re: IRA excess contribution

Requested return of a traditional IRA excess contribution from Vanguard. Saw the pending transaction as removing the *entire* 2018 contribution. Called Vanguard and had that corrected (not happy...) However, I now see that while the correct excess was taken out, it shows a separate transaction for ...
by Lancelot
Tue Mar 19, 2019 8:59 pm
Forum: Investing - Theory, News & General
Topic: Is technical analysis all smoke and mirrors?
Replies: 88
Views: 10126

Re: Is technical analysis all smoke and mirrors?

I like Buffett's answer: As "Warren Buffett" Known as "the Oracle of Omaha". Buffett is a value investor. His company Berkshire Hathaway is basically a holding company for his investments. He said that Technical Analysis didn't work as he has done chart upside down and didn't get a different answer....
by Lancelot
Tue Mar 19, 2019 8:50 pm
Forum: Investing - Theory, News & General
Topic: "Lies, Damned Lies, and Statistics."
Replies: 131
Views: 12607

Re: "Lies, Damned Lies, and Statistics."

How do we know that "the odds are with us"? By using 90 or so years of past historical data, during what may have represented the greatest century of economic growth in the history of civilization, to predict the outcome of the next thirty or more? We don't :sharebeer I know a guy that uses the pas...
by Lancelot
Thu Jan 03, 2019 5:59 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 234
Views: 30336

Re: Social Security for Millennials

I am always surprised when I read that millennials don't believe social security will be there for them. It may be that many are excellent savers and see SS as "gravy" -- that may take away many irrational fears. SS is the primary source of income for many in retirement, and that fact may increase ...
by Lancelot
Sun Nov 25, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3351

Re: Social Security questions, please help!

By deferring benefits this long I can see the merits of claiming benefits now or deferring the additional few months. When I step back and look at the big picture it's really not that big of a deal. I agree. You are at a sweet spot that either decision is probably OK. About the six months retroacti...
by Lancelot
Sat Nov 24, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3351

Re: Social Security questions, please help!

If that's the case I would only be giving up two-to-three percentage points, which I think is a small price to pay given the certainty of actually receiving those three or four additional monthly checks... It's a huge price for your spouse to pay. When you do pass your survivor will get a 3% (or pr...
by Lancelot
Thu Nov 22, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3351

Re: Social Security questions, please help!

Sorry for your health issues. With respect to Survivor's Benefits, my understanding is that your spouse will receive the amount of your benefit, including accrued Delayed Benefits In other words: 1 Spousal Benefits while you are living will not exceed 50% of your FRA benefit 2 Survivors Benefits wil...
by Lancelot
Mon Nov 05, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 314
Views: 29142

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

I was lucky last year and purchased the $9.95 Deluxe version, from a heads up on this forum. I did not receive the target email, so I'll wait for another offer to come :sharebeer
by Lancelot
Sat Nov 03, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 44
Views: 6464

Re: Applying for Social Security Online

I filed online for Divorced Spousal Benefits this past September. About 30 days after my application was accepted, I received a letter stating that my claim was approved and I would receive a "formal decision letter" on the month I am eligible. However, my application status online still shows "pend...
by Lancelot
Sun Oct 28, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 47
Views: 4651

Re: If On Medicare Before SS, How Do You Pay?

I'm abroad so I paid with Schwab Bill Pay. If I were in the US, I would have returned the invoice by snail mail and payed with a credit card. Air line miles, yeah!
by Lancelot
Sat Oct 27, 2018 2:11 am
Forum: Non-US Investing
Topic: Things to consider when relocating from Boston to Toronto
Replies: 31
Views: 3239

Re: Things to consider when relocating from Boston to Toronto

Starfish wrote:
Fri Oct 26, 2018 10:17 pm
Valuethinker wrote:
Fri Oct 26, 2018 4:04 am
Couple of points: 1. Canadians think Americans talk too loudly
And who doesn't? :D
Have you met any mainland Chinese tourists? :D
by Lancelot
Sat Oct 27, 2018 1:52 am
Forum: Personal Finance (Not Investing)
Topic: Car hit while parked, no note, just want damages as cash from insurance
Replies: 18
Views: 3093

Re: Car hit while parked, no note, just want damages as cash from insurance

White Coat Investor wrote:
Fri Oct 26, 2018 7:26 pm
Yea, just tell the insurance company. No biggie.
Years ago my ex hit a deer. The car was old so we asked for a check in lieu of repair; the insurance company balked but eventually settled for less than the cost of repair. Not disputing WC, just sharing my personal experience FWIW.
by Lancelot
Sat Oct 27, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72870

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm an Ally customer with a CD on deposit. I tried to add a savings account to my existing account but was rejected because Ally requires a utility bill to verify a physical address. Since I'm a perpetual traveler I don't have any utility bills in the US, but the Patriot Act has essentially blocked...
by Lancelot
Fri Oct 26, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72870

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I'm an Ally customer with a CD on deposit. I tried to add a savings account to my existing account but was rejected because Ally requires a utility bill to verify a physical address. Since I'm a perpetual traveler I don't have any utility bills in the US, but the Patriot Act has essentially blocked ...
by Lancelot
Fri Oct 26, 2018 6:55 pm
Forum: Non-US Investing
Topic: Things to consider when relocating from Boston to Toronto
Replies: 31
Views: 3239

Re: Things to consider when relocating from Boston to Toronto

If you are a US citizen, the Patriot Act can wreak havoc with opening new banking accounts. I was denied the Ally Bank 1% bonus for transferring new funds (to Ally.) Even though I already had an Ally account with a CD on deposit, I was denied when I attempted to add an online savings account so I co...
by Lancelot
Thu Oct 25, 2018 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Buying an apartment in China
Replies: 14
Views: 1768

Re: Buying an apartment in China

I've lived (mostly) in Asia since 2002; I can't speak about China but I'm living in the Philippines now and I would not consider buying. Rent is cheap and my perception of the legal system here is that it is inefficient... to be diplomatic :) Other than Singapore, Australia or New Zealand I would no...
by Lancelot
Wed Oct 24, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Phone calls from Social Security
Replies: 10
Views: 1632

Re: Phone calls from Social Security

I recently applied for SS Divorced Spousal benefits, but the call I received was initiated by my reply to a SS rep advising me that I needed to send some paper documents for my application. I replied stating that I would call her during business hours and she immediately replied, "I'm still here, ca...
by Lancelot
Wed Oct 24, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security maximize plan for parents
Replies: 6
Views: 716

Re: Social Security maximize plan for parents

I think it makes a lot of sense to consider longevity, inflation and potential poor market returns. And I think for most folks it makes sense to delay. I agree, I think the recent fantastic market run up has persuaded folks to take the money early "get 10%+ returns by investing my social security."...
by Lancelot
Wed Oct 24, 2018 1:59 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 621
Views: 72870

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I have a one year CD with Ally, so I thought opening a savings account would be a cinch. Na, they wanted address verification, lol. That's after I verified two trial deposits to link my Vanguard Prime MM to Ally to fund the account. Zheesh! :D
by Lancelot
Tue Oct 23, 2018 11:47 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 13206

Re: 'Smart money' bailing on the market, time to get out?

On Varney last week (I think) different than the link quoted, Stockman was called out by Liz McDonald. He wouldn't say exactly when he got out of stocks, but that he hasn't been in stocks for "years". Kind of reminds me of that guy David Tice and Peter Schiff that are almost always bears. Yeah even...
by Lancelot
Tue Oct 23, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 13206

Re: 'Smart money' bailing on the market, time to get out?

Didn't Mr. Bogle himself just say in his latest interview that it might be worth reducing your equities position by around 10%? He is definitly smart money :wink: From memory, I recall reading a passage similar to your quote in one of Bogle's books; however, he preferenced it with "if you are tempt...
by Lancelot
Tue Oct 23, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 13206

Re: 'Smart money' bailing on the market, time to get out?

Didn't Mr. Bogle himself just say in his latest interview that it might be worth reducing your equities position by around 10%? He is definitly smart money :wink: From memory, I recall reading a passage similar to your quote in one of Bogle's books; however, he preferenced it with "if you are tempt...
by Lancelot
Tue Oct 23, 2018 9:29 pm
Forum: Personal Investments
Topic: Timing the market - Some say it’s possible?
Replies: 44
Views: 2939

Re: Timing the market - Some say it’s possible?

Sure. Timing the market is theoretically possible. So is climbing Mount Everest. But I don't know anyone who has done either successfully. Timing the market reliably and repeatably is a whole order of magnitude harder. I agree. And you have to be right twice; when to get out and when to get back in...
by Lancelot
Sun Oct 21, 2018 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 94
Views: 13140

Re: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"

Great article, thanks for sharing. I never thought about automatic dividend reinvestment screwing up a tax loss sale :oops:
by Lancelot
Fri Oct 19, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Retired applying for credit cards
Replies: 23
Views: 2531

Re: Retired applying for credit cards

I've been retired since 2004 and have churned many cc for airline miles. I enter a modest amount for income and remember to use the same or slightly higher number for subsequent applications. I have never been denied a new air line co branded card; I was denied for an Amazon card. The only reason th...
by Lancelot
Thu Oct 04, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Delete
Replies: 119
Views: 12424

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Are we liable for anything? Am letting my broker do all the talking for now but buyer has threatened to take us to civil court. Unless you knew the A/C was defective and concealed your knowledge, you are not liable for anything. I agree. I sold a house in the early 90s and state law at the time req...
by Lancelot
Mon Sep 24, 2018 11:52 pm
Forum: Personal Investments
Topic: Where to invest cash in IRA
Replies: 8
Views: 786

Re: Where to invest cash in IRA

The Vanguard Prime Money Market Fund is currently paying 2.11%. I would imagine other mutual fund company MM funds are probably paying 1.8%-2.0%; my guess only. With speculation that the Fed will raise interest rates 2-4 times over the next 12 months, it would be prudent to have this money, that yo...
by Lancelot
Mon Sep 24, 2018 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Medical Bill and Credit Card
Replies: 5
Views: 731

Re: Medical Bill and Credit Card

Thanks for the info. Good idea to split the expenses on multiple cards. I'll check to see if they will allow that. Already asked for a discount if paid in cash, but they said no. I'm actually a physician that admits patients to this hospital and there is no discount for that either. I think I would...
by Lancelot
Sun Sep 23, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Care About My Credit Score if Debt Free?
Replies: 34
Views: 2767

Re: Should I Care About My Credit Score if Debt Free?

I churn credit cards to maximize (mostly) free air fare travel with rewards credit cards, so yes, I have an interest in keeping my score high. It probably is also helpful in scoring bank sign up bonuses.
by Lancelot
Sun Sep 23, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 10441

Re: Delaying Social Security Until 70

I submitted the following statement in the comment section with my application. I cannot recall where I had seen this statement before. Maybe it is on the wiki but I am too busy to look it up. "I wish to receive my maximum benefit, including all delayed retirement credits to age 70. I do not wish t...
by Lancelot
Sun Sep 23, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5534

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Breakevens depends on what rates you use. Personally, I see delaying SS simply as longevity insurance. The only reasons I would it take earlier than 70 is if I thought I would die earlier than average or if I needed the money before 70. I'm with you, SS is my "pension" complete with COLA. I view SS...
by Lancelot
Wed Sep 19, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
Replies: 28
Views: 3015

Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements

The alternative is to go above everyone's head and write to the CEO. They will not read your letter, of course. But whoever reads mail for the CEO will know where to send the issue within the Ally system. I agree. I have done this a few times, with very satifactory results. Yes the CEO will not per...
by Lancelot
Sun Jul 22, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2753

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

BOGLE : No. Let me be honest. It’s not easy for me. When we get one of these 50 percent declines, I’ve faced three of them in my career. It’s not fun. I get a knot in my stomach. A lifetime of experience, 65 years of experience in this field, has taught me that emotions are evil and therefore you r...
by Lancelot
Sun Jul 01, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 7558

Re: Does It Make Sense to Wait to Claim SocSec?

To the OP, here is a link advocating that working a mere three to six months longer has the same impact as saving an additional 1% of your salary for 30 years. (Author's words) https://www.cnbc.com/2018/06/22/forget-saving-more-try-working-longer.html Even short delays in SS can provide a nice incre...
by Lancelot
Wed Jun 27, 2018 1:52 am
Forum: Investing - Theory, News & General
Topic: Is day trading profitable?
Replies: 36
Views: 3963

Re: Is day trading profitable?

Is day trading profitable? It can be. Is professional poker playing profitable? It can be. Golf? Bowling? House Flipping? Antiquating? etc. It can be but odds are very much against it. It is a job which requires dedication, skill, and some luck in a very competitive field. I agree Most successful i...
by Lancelot
Tue Jun 19, 2018 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Coming back to US: state residency for 2018 (OH, NJ, both?)
Replies: 5
Views: 888

Re: Coming back to US: state residency for 2018 (OH, NJ, both?)

I've lived abroad since 2002; I had lived in the Midwest but used me parents address to file my federal return. Big mistake because NC state tax department sent me a bill. I spoke with a revenue agent and explained that had never resided in NC and was only visiting family. He asked where I would res...
by Lancelot
Mon Jun 18, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 13650

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Except that the American Funds that he recommends have done quite well even after paying the loads. Once again, "When" he made the recommendation is critical. 1,Did he recommend them many,many years ago when their performance history was not great and then they became great? 2. Or, is he recommendi...
by Lancelot
Sun Jun 17, 2018 11:28 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 134
Views: 13650

Re: Interesting video from Ramsey today

I like the bit between 4:32 - 4:46 :D He sounds like a bully during the first part starting around 4:30. Yes Dave often gets on a "frikin" cycle; I think he can't help himself or perhaps it's his showman ship comming out. I prefer Buffetts gentlemanly message to Dave's truculent rants :D In the vid...
by Lancelot
Thu Jun 14, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 18793

Re: Stats on When People Take Social Security

Its not just that most people dont understand it.. The vast majority of the population has no other savings and if they are not still working full time, HAVE to take it early to survive. Both my and my wife's parents all took it early, in spite of my many attempts to explain to them why it was bene...
by Lancelot
Tue May 29, 2018 11:24 pm
Forum: Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 7291

Re: Vanguard Total Stock Market Index vs 500 Index

In case you weren't aware, the 500 Index composes about 80% of the total stock market index. By going with the total market, you'll get exposure to the smaller companies, which could be nice. That is why I am invested in Total Market, for the small cap exposure. Having said that, I think both funds...
by Lancelot
Sat May 05, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 11012

Re: Does it make sense to rent as a retiree?

I was committed to owning- until I retired early and started traveling. After discovering how much free time renting provides me by not maintaining a home, I can't see myself ever owning a home again. But maybe if I got a super deal :sharebeer
by Lancelot
Mon Apr 30, 2018 1:06 am
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 5701

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

Interesting article; I noticed that the author echoed his support for low cost fees. Nice to hear from a hedge fund guy :sharebeer Since 2009 the market has enjoyed a nice run and yeah eventually the party will end, convincing many investors that stocks are bad and selling will ensue. But I have fai...
by Lancelot
Sat Mar 03, 2018 3:53 am
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 11479

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

eye.surgeon wrote:
Fri Mar 02, 2018 12:35 am
Their 4.4% return over the last decade makes me look like a financial genius. The S&P return over the same time period was 9.8%. They could have invested in a single S&P index fund
Might be difficult to justify their salaries investing in an index fund :sharebeer
by Lancelot
Sat Feb 24, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 58
Views: 8234

Re: Expat Living

I've retired early and have lives outside the US since 2001. I lived in Thailand for 10 years but my epiphany came when my motorcycle was stolen, I had the thieves faces on a security video but the cops laughed at me. They didn't bother to check the crime scene and didn't even want to write a repor...
by Lancelot
Thu Feb 15, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Morningstar's SWR study
Replies: 44
Views: 4479

Re: Morningstar's SWR study

Others have analyzed the data and found that for a global portfolio with no home country tilt, the SWR has been around 3.5%. However, Tyler at Portfolio Charts has outlined that there are some sound reasons for tilting one's portfolio toward one's home country, namely due to stock returns being ine...
by Lancelot
Thu Feb 15, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Are ETFs Safe?
Replies: 11
Views: 1162

Re: Are ETFs Safe?

I'm a creature of habit and mostly use plain old Vanguard mutual funds since I rarely trade. I did liquidate my Vanguard Health care (Managed) during the recent market run up and will DCA back into VHT, using limit orders, and enjoy a 27BP reduction in fees. Many Vanguard ETFs have much lower fees t...