Search found 220 matches

by Lancelot
Sun Oct 21, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: PhysicianOnFire blog: "Tax Loss Harvesting with Vanguard: A Step by Step Guide"
Replies: 33
Views: 3776

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: 22
Views: 2030

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: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11822

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: Investing - Help with Personal Investments
Topic: Where to invest cash in IRA
Replies: 8
Views: 738

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: 693

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: 2583

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: 9396

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: 5296

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: 2142

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: 2618

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: 7198

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: 3373

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: 740

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: 12641

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: 12641

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: 17532

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: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 4442

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: 9571

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: 4997

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: 10900

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: 7206

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: 4053

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: 1072

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...
by Lancelot
Sun Feb 11, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 118
Views: 10997

Re: How does one emotionally keep it together during market swings?

Just doesn't bother me; I think about the discounted dividend reinvestments I'm receiving when prices tank :sharebeer

Adjusting your portfolio allocation to your risk tolerance might help. We are all wired differently so know thyself :D
by Lancelot
Thu Feb 08, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: 4% rule and early retirement?
Replies: 69
Views: 10432

Re: 4% rule and early retirement?

This guy presents an interesting concept: David Zolt authored an article in the Journal of Financial Planning titled “Achieving a Higher Safe Withdrawal Rate With the Target Percentage Adjustment” to address these questions. A 4% initial withdrawal with annual CPI increases thereafter has a 94% prob...
by Lancelot
Wed Feb 07, 2018 4:20 am
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 5047

Re: Retired or close to it -- what do you hold in bond portion?

Retired early and have been mostly 80 stocks/20 bonds. I took some profits from the recent markets highs, so I'm 75/25 now but will buy back to 80/20 when the next crash occurs.
by Lancelot
Wed Feb 07, 2018 4:12 am
Forum: Investing - Help with Personal Investments
Topic: [Vanguard Health Care Fund vs. Health Care ETF]
Replies: 5
Views: 905

Re: [Vanguard Health Care Fund vs. Health Care ETF]

Yes VHT is an index with more stocks and lower fees. I recently liquidated my VGHCX position and will buy the dips in to VHT
by Lancelot
Tue Feb 06, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 8221

Re: Stay the course?

You still have a lot of time until retirement- stay the course. I know several people that bailed during the 2008 crisis and missed the huge market increases to the present :moneybag
by Lancelot
Thu Feb 01, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Frequent Flier Miles 101
Replies: 53
Views: 7146

Re: Frequent Flier Miles 101

The best returns are when you open a new credit card and receive 20 miles per dollar spent. (example: 60,000 AA miles after $3,000 minimum spend in three months) I learned a lot here: milevalue.com Or 60k AA miles with $0.5 spend on the Barclay Aadvantage Aviator Red card. :) Missed that one; just ...
by Lancelot
Tue Jan 30, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: Riverboat trip on the Danube next October
Replies: 16
Views: 1453

Re: Riverboat trip on the Danube next October

I'm jealous :sharebeer

Can't recommend a cruise line. I did a day trip cruise from Mannheim (I think) to Koblenz, then return on the bus. But that was 1973 :)

Beautiful scenary!
by Lancelot
Tue Jan 30, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Frequent Flier Miles 101
Replies: 53
Views: 7146

Re: Frequent Flier Miles 101

The best returns are when you open a new credit card and receive 20 miles per dollar spent. (example: 60,000 AA miles after $3,000 minimum spend in three months) I learned a lot here: milevalue.com
by Lancelot
Fri Jan 26, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 13697

Re: Kitces article: A cash bucket in retirement? Nope

Tyler at Portfolio Charts had a great post on cash last year. He defined cash as T-bills. As you can see, while there are certainly a few times when cash lost money to inflation it actually provided a small return above inflation the vast majority of the time. And lest you think this is an isolated...
by Lancelot
Tue Jan 23, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times
Replies: 29
Views: 5497

Re: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times

I wish I was a lot more frugal than I am. I generally just buy something when I see something I want. I also go out to bars and restaurants with friends way too often (this is pretty bad). The two places I am pretty frugal is 1) I have a modest car and 2) I live in the same condo that I bought just...
by Lancelot
Tue Jan 23, 2018 7:27 pm
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 58
Views: 7206

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 report...
by Lancelot
Tue Jan 23, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5840

Re: Which tropical Island to Retire to ?

I know several mostly military vets that have retired to the Philippines. The reasons they cite is because there is an excellent VA hospital there for their healthcare needs and with their meager pensions, they can live a relatively extravagant lifestyle there complete with servants. But they almos...
by Lancelot
Tue Jan 23, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times
Replies: 29
Views: 5497

Re: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times

I wish I was a lot more frugal than I am. I generally just buy something when I see something I want. I also go out to bars and restaurants with friends way too often (this is pretty bad). The two places I am pretty frugal is 1) I have a modest car and 2) I live in the same condo that I bought just...
by Lancelot
Wed Jan 17, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Chairman William McNabb interviewed on Bloomberg
Replies: 1
Views: 342

Re: Chairman William McNabb interviewed on Bloomberg

^Great video, thanks for sharing! I also watched the next video where McNabb opines on passive indexing. Go Vanguard!
by Lancelot
Wed Jan 17, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 198
Views: 17532

Re: Stats on When People Take Social Security

Article this past week somewhere, Whether one takes early or late SS, the money received is nearly the same, IF one lives to the actuarial age. If you live longer than that you are ahead with delayed SS. If you live less than, you are better off taking early SS. One of my favorite pass-times on Sun...
by Lancelot
Tue Jan 16, 2018 8:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: Singapore Local Chapter Established
Replies: 33
Views: 7895

Re: Singapore?

Hi W4rd, I'm a Singaporean. Its a pity that i only stumble into this forum recently. Our financial landscape is indeed challenging, i believe we should stick together and work out a best possible option that are in accordance to the Bogleheads's philosophy. :sharebeer I've been to your city/state s...
by Lancelot
Tue Jan 16, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 188
Views: 24535

Re: Anyone disenchanted with retirement?

Retired late 2002; been traveling ever since :sharebeer Do you keep a house in the U.S.? Sold the house around 2002. I'm considering leasing an apartment in the US in the not too distant future and splitting my time between the US and other countries. I've also thought about living on cruise ships ...
by Lancelot
Tue Jan 16, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 188
Views: 24535

Re: Anyone disenchanted with retirement?

Retired late 2002; been traveling ever since :sharebeer Do you keep a house in the U.S.? Sold the house around 2002. I'm considering leasing an apartment in the US in the not too distant future and splitting my time between the US and other countries. I've also thought about living on cruise ships ...
by Lancelot
Mon Jan 15, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 188
Views: 24535

Re: Anyone disenchanted with retirement?

Retired late 2002; been traveling ever since :sharebeer
by Lancelot
Mon Jan 15, 2018 11:33 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Millionaire Study
Replies: 59
Views: 13356

Re: Dave Ramsey's Millionaire Study

. (My late mom, decades ago, once wrote to the President in opposition to something the President was doing; got a lovely personal letter on White House letter head with genuine autopen signature thanking her for her support; and shortly afterwards the President gave a speech saying that his letter...
by Lancelot
Fri Jan 12, 2018 2:39 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 7746

Re: 100% VTSAX??

The 100% stock threads have returned. The dark clouds gather at the horizon. Time to go all cash. * * Kidding, just hoping to cancel out the jinx of this 100% stock thread. Around 1999- 2000, I remember reading articles suggesting even 80 something grandmothers were 100% in equity index funds. Whil...
by Lancelot
Fri Jan 12, 2018 2:33 am
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??
Replies: 70
Views: 7746

Re: 100% VTSAX (Vanguard Total Stock Mkt Idx Adm)??

If your portfolio is 100% stocks and you're over 50 years old, I suggest you watch this PBS Frontline special from 2013: https://www.youtube.com/watch?v=A3htnbwFgoM I've watched that video several times. Interesting. On the otther hand, Mark Cuban quips "Diversification is for idiots." Entrepreneur...
by Lancelot
Tue Jan 09, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 7967

Re: Lowball offer on a home

I've made some very low ball offers; some times the seller doesn't respond and some times they do. If they respond, then you know they are at least open to negotiation (depending on the counter offer.) Of course low ball offers are not very successful during sellers markets or in a particularly hot ...
by Lancelot
Wed Jan 03, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 14950

Re: Ally Bank 12 month CD now 2.00%

Thanks to the OP; I'm a new Ally CD customer :D
by Lancelot
Mon Dec 25, 2017 2:24 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 201
Views: 20778

Re: Buying Real Silver and Gold (Not Bitcoin)

I've never been a gold bug but Asians are really in to it. Yarrowat street in Bangkok is full of gold shops and its interesting to stroll past the displays.
by Lancelot
Mon Dec 25, 2017 2:13 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 11913

Re: Do any of you follow Bob Brinker?

I used to listen to him back in the day. AM radio. Man, times have changed :)