I recently opened a Vanguard Cash Plus account and successfully linked it to my Fidelity Brokerage. I was unable to link my Schwab Brokerage to Cash Plus and learned (after calling Schwab) that Schwab has a new ACH payment system that is incompatible with Vanguard's current system. I also changed a Direct Deposit from Schwab to Vanguard Cash Plus and will pay some bills with Auto Debit from Cash Plus.
I'm still pissed of that the Vanguard Advantage CMA was discontinued.
Vanguard: "We're not number one in customer service- and we don't try to be "
Search found 247 matches
- Tue Jan 23, 2024 8:19 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard Cash Plus Account
- Replies: 457
- Views: 61691
- Tue Apr 30, 2019 6:07 pm
- Forum: Personal Investments
- Topic: Dynamic Asset Allocation Strategy -- Thoughts?
- Replies: 10
- Views: 2722
Re: Dynamic Asset Allocation Strategy -- Thoughts?
I like David Zolt's Target Percentage strategy
https://www.targetpercentage.com/
https://www.targetpercentage.com/
- 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: 3071
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, but you can sometimes get better deals if you are willing to take silly financing and pay it the loan off immediately. Don't trade in your old car- sell it private party. I agree. As long as the prepayment penalty does not negate the savings by using the dealer financing, that might work as well. I'm always amazed that people accept the dealer's inflated trade in value and do not realize that they (dealer) simply reduced the vehicle discount to mak...
- Wed Mar 20, 2019 6:16 pm
- Forum: Personal Finance (Not Investing)
- Topic: Should I leave my local bank
- Replies: 43
- Views: 7802
Re: Should I leave my local bank
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 bank
- Wed Mar 20, 2019 5:48 pm
- Forum: Personal Investments
- Topic: IRA excess contribution
- Replies: 5
- Views: 322
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 a small amount of 'attributable earnings' which I would understand if this fund had made any money, but it hasn't. I have a net overall loss showing in my cost basis for contributions since 2016. Even if they base it only on the 2018 total contribution, there should still be a net loss. Any ideas where these earning are coming from? (for the record the amount is in the 10s so very small) I had an excess contribution, made in error. I wanted to bu...
- Tue Mar 19, 2019 8:59 pm
- Forum: Investing - Theory, News & General
- Topic: Is technical analysis all smoke and mirrors?
- Replies: 138
- Views: 17847
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. So at last he concluded that its the wrong way.
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. So at last he concluded that its the wrong way.
- Tue Mar 19, 2019 8:50 pm
- Forum: Investing - Theory, News & General
- Topic: "Lies, Damned Lies, and Statistics."
- Replies: 131
- Views: 14562
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 past performance of the previous 100 years to justify being 100% in the market. My response is that I don't have 100 years :) I do think past performance is useful, in general, to design each investors asset allocation, for their level of risk/reward tolerance. I have no idea what future returns will be. But I keep im mind that the (Dow Jones) recovery period after the Great Depression was around 25 years; however I've also read articles t...
- Thu Jan 03, 2019 4:59 am
- Forum: Investing - Theory, News & General
- Topic: Social Security for Millennials
- Replies: 234
- Views: 33803
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 unless we see the vast majority of American's really step up their savings. I see the "gravy" idea flipped 180 degrees, especially given the lack of pensions in America. Rather than fear for SS, I fear that many haven't saved enough in retirement plans (a dollop of gravy) to supplement their SS. Pensions are gone, people will rely on SS and their personal savings going forward. I am a Baby Boomer and I remember many of my co w...
- Sun Nov 25, 2018 9:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Social Security questions, please help!
- Replies: 21
- Views: 3768
Re: Social Security questions, please help!
I agree. You are at a sweet spot that either decision is probably OK.
About the six months retroactive lump sum, you are wise to forego that, as it would, in my view, negate the benefit of waiting the additional six months and collecting another 4% for you and your wife's combined lifetimes.
- Sat Nov 24, 2018 12:37 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security questions, please help!
- Replies: 21
- Views: 3768
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 probably 4%) lower SS survivor benefit for the rest of their life. Lets see, if you would get $40k/year by delaying SS all the way to 70, 3% less than that is $1.2k/yr. If you die soon and she does live well into her 90's, say 95, her survivor payments will total 25x$1.2k = $30,000 less. That is considerably more than a few additional monthly checks. :oops: Agree with JoeRetire, don't do that to her. JW Only the OP knows the nominal amounts and I t...
- Thu Nov 22, 2018 8:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Social Security questions, please help!
- Replies: 21
- Views: 3768
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 will be your benefit at the time of passing (Different rules for deceased aged less than FRA)
By delaying benefits for 3.5 years, you have already done your spouse a HUGE service. Don't feel bad about starting benefits now. Hoping your health improves!
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 will be your benefit at the time of passing (Different rules for deceased aged less than FRA)
By delaying benefits for 3.5 years, you have already done your spouse a HUGE service. Don't feel bad about starting benefits now. Hoping your health improves!
- Mon Nov 05, 2018 8:31 pm
- Forum: Personal Finance (Not Investing)
- Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
- Replies: 314
- Views: 44802
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
- Sat Nov 03, 2018 10:00 pm
- Forum: Personal Finance (Not Investing)
- Topic: Applying for Social Security Online
- Replies: 44
- Views: 8119
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 "pending."
- Sun Oct 28, 2018 7:17 pm
- Forum: Personal Finance (Not Investing)
- Topic: If On Medicare Before SS, How Do You Pay?
- Replies: 62
- Views: 7618
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!
- Sat Oct 27, 2018 2:11 am
- Forum: Non-US Investing
- Topic: Things to consider when relocating from Boston to Toronto
- Replies: 31
- Views: 4257
Re: Things to consider when relocating from Boston to Toronto
Have you met any mainland Chinese tourists?Starfish wrote: ↑Fri Oct 26, 2018 10:17 pmAnd who doesn't?Valuethinker wrote: ↑Fri Oct 26, 2018 4:04 am Couple of points: 1. Canadians think Americans talk too loudly
- 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: 3342
Re: Car hit while parked, no note, just want damages as cash from insurance
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.White Coat Investor wrote: ↑Fri Oct 26, 2018 7:26 pm Yea, just tell the insurance company. No biggie.
- 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: 84212
Re: Ally Banking 1% extra back up to $1,000 on new money deposited
Thanks. I opened the account and purchased an Ally CD with no VPN. I understand the reason for the Patriot Act, but the unintended consequences are that all too often expat savers are caught in the net by mistake.ivk5 wrote: ↑Sat Oct 27, 2018 12:42 amSorry to hear. Yes I have learned the hard way way to always use US VPN when opening accounts from abroad...Lancelot wrote: ↑Fri Oct 26, 2018 7:03 pm 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 me. I should have only contacted Ally when using a VPN showing my location as being in the USA
- 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: 84212
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 me. I should have only contacted Ally when using a VPN showing my location as being in the USA
- Fri Oct 26, 2018 6:55 pm
- Forum: Non-US Investing
- Topic: Things to consider when relocating from Boston to Toronto
- Replies: 31
- Views: 4257
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 could transfer funds from Vanguard. I sent Ally a scan of a letter from Social Security with my US address, but that did not satisfy the (human) robots at Ally :D They needed a utility bill in my name, but I don't have one since I'm a perpetual traveler. Looking back, I should have used a VPN using a US location when I attempted to open the Ally account. Also some foreign banks are now reluctant to open accounts for US citizens because of the onero...
- Thu Oct 25, 2018 3:07 am
- Forum: Personal Finance (Not Investing)
- Topic: Buying an apartment in China
- Replies: 14
- Views: 2120
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 not buy property in Asia. But that's just my opinion so good luck to the OP.
- Wed Oct 24, 2018 8:02 pm
- Forum: Personal Finance (Not Investing)
- Topic: Phone calls from Social Security
- Replies: 10
- Views: 1843
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, can I call you now?" I said yes and she was professional asking me to verify my mother's maiden name, zip code, etc.
My scam radar never gave me pause, but the OP is correct to be alert to fraud.
My scam radar never gave me pause, but the OP is correct to be alert to fraud.
- Wed Oct 24, 2018 7:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Social Security maximize plan for parents
- Replies: 6
- Views: 825
Re: Social Security maximize plan for parents
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." I understand the cash in hand argument but the insurance component of SS is an important factor as well. At least IMHO
- 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: 84212
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!
- 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: 14457
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 a broken clock is correct- twice per day :) Eventually the markey will drop 40% or so, shills for the perma bears like Shiff will invite him to their podcast and introduce him as a visionary who correctly called the market decline just days before the event actually happened. Shiff will explain how is proprietary technical analaysis -or some other secret process- enabled him to forsee the problem and to warn other investors accordingly...
- 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: 14457
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 tempted to market time, limit it to 10 or 15% of your portfolio." Having said that, I have sold about 5% of my Total Market Index fund, so now I have some cash to buy shares when the price falls. The current bull market is long in the tooth- if that means any thing :) Slightly OT but I saw an amusing Youtube clip of Varney holding David Stockman's feet to the fire with respect to his (Stockman's) ongoing warnings of a dire market collapse. V...
- 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: 14457
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 tempted to market time, limit it to 10 or 15% of your portfolio." Having said that, I have sold about 5% of my Total Market Index fund, so now I have some cash to buy shares when the price falls. The current bull market is long in the tooth- if that means any thing :) Slightly OT but I saw an amusing Youtube clip of Varney holding David Stockman's feet to the fire with respect to his (Stockman's) ongoing warnings of a dire market collapse. V...
- Tue Oct 23, 2018 9:29 pm
- Forum: Personal Investments
- Topic: Timing the market - Some say it’s possible?
- Replies: 44
- Views: 3566
Re: Timing the market - Some say it’s possible?
I agree. And you have to be right twice; when to get out and when to get back in. But it's human nature to love a good tale Who will attract the largest following at a cocktail party: the Boglehead that amassed three million investing in low cost index funds over a 35 year time period or the day trader that acquired an equal amount in 3.5 years? Oh and the day trader was homeless and used free computers at the local public libraryoldcomputerguy wrote: ↑Mon Oct 22, 2018 6:52 pm 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.
- 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: 95
- Views: 43616
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
- Fri Oct 19, 2018 2:38 am
- Forum: Personal Finance (Not Investing)
- Topic: Retired applying for credit cards
- Replies: 23
- Views: 3956
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 that I applied for the Amazon card was a cash rebate for the purchase I was making, not nearly as attractive as air line sign up bonuses
midareff nailed it- it's all about the FICO score
midareff nailed it- it's all about the FICO score
- Thu Oct 04, 2018 8:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Delete
- Replies: 119
- Views: 14163
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 required disclosure for known problems, which I disclosed in full. A month after the closing my real estate agent called and said the new owners were upset about the furnace being defective. The lady was wiping down a wall near a return air register and noticed soot. They called a repair guy who claimed the gas furnace had a cracked heat exchanger. I told the agent I was not aware of any furnace issues and that was the end of the matter. Looking bac...
- Mon Sep 24, 2018 11:52 pm
- Forum: Personal Investments
- Topic: Where to invest cash in IRA
- Replies: 8
- Views: 904
Re: Where to invest cash in IRA
billfromct wrote: ↑Mon Sep 24, 2018 11:01 pm 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 you will investment within the next year or so, in a money market fund until the next correction arrives.
I like Vanguard Prime MM too. I have also been buying some Vanguard Short Term Treasury. Maybe after rates rise, I may take a position in Intermediate Trearuries.
- Mon Sep 24, 2018 2:41 am
- Forum: Personal Finance (Not Investing)
- Topic: Medical Bill and Credit Card
- Replies: 5
- Views: 858
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 go with a card like Citi Prestige (or similar high end cc product.) The 10k spend might get you some discount on the $450 annual fee. Or maybe not :D OT but interesting that you are a physician, but get no discount as a patient. You might enjoy ready Atul Gawande's -CEO of Berkshire, Amazon, Citi venture. At El Paso, TX, one doc to suggest he receive a six figure "gratuity" for directing his patients to a certain hospital. https://www....
- 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: 3196
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.
- Sun Sep 23, 2018 7:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Delaying Social Security Until 70
- Replies: 115
- Views: 12597
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 to receive any retroactive payments based on a retirement age earlier than 70." I applied for ex spousal benefits on line; I also made similar comments about wanting to receive only ex spousal benefits and let my own record accrue delayed retirment credits. There was also an election on the (online) application to choose spousal benefits at the earliest possible date (FRA) with out receiving my own retirement benefit. Six days after I su...
- 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: 6289
Re: Delaying SS? How Long It Will Take for It to Pay Off?
I'm with you, SS is my "pension" complete with COLA. I view SS more as income insurance. But I'm probably leaving thousands of dollars on the table by not collecting SS at 62 and investing the proceeds in a S&P 500 index fund
- Wed Sep 19, 2018 7:53 am
- Forum: Personal Finance (Not Investing)
- Topic: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
- Replies: 45
- Views: 9060
Re: A Frustration w/ Ally Bank, Trust Account, and Paperless Statements
I agree. I have done this a few times, with very satifactory results. Yes the CEO will not personally read your letter- but a very able assistant or VP will.
- 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: 2969
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 really ought to fight to keep them out of the equation. Because the day you are most concerned is the day the market hits bottom and that’s the day you want to get out. The day you will want to get in? When the market it’s a new high. Well, believe me, buying in at the market’s new high and selling out at the market’s bottom is a very difficult way to make money. For young investors, the steep declines are where the money is made- over the long te...
- Mon Jul 02, 2018 7:54 pm
- Forum: Personal Finance (Not Investing)
- Topic: Australians and the Barefoot Investor: a NYT book review
- Replies: 4
- Views: 1114
Re: Australians and the Barefoot Investor: a NYT book review
OP, I read the article, thanks for sharing
- 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: 8319
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- ... onger.html
Even short delays in SS can provide a nice increase in your benefits over a lifetime; think in terms of increments, not rigid delays to ages 66 or 70.
From reading your post, I gather you can wait if need be; you are fortunate to be in a position to do so. Personally I'm in the delay camp. However, both the take the money now and delay groups are convinced that theirs is the correct strategy, so do what makes you happy. We are actually lucky to have the choice
Even short delays in SS can provide a nice increase in your benefits over a lifetime; think in terms of increments, not rigid delays to ages 66 or 70.
From reading your post, I gather you can wait if need be; you are fortunate to be in a position to do so. Personally I'm in the delay camp. However, both the take the money now and delay groups are convinced that theirs is the correct strategy, so do what makes you happy. We are actually lucky to have the choice
- Wed Jun 27, 2018 1:52 am
- Forum: Investing - Theory, News & General
- Topic: Is day trading profitable?
- Replies: 43
- Views: 5761
Re: Is day trading profitable?
I agreealex_686 wrote: ↑Tue Jun 26, 2018 1:55 pm 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.
Most successful investors became wealthy by investing over the long term, the boring way. Some folks are drawn to the glitz and love to share their investment prowess at get togethers. Personally I see similarities with gamblers and day traders, in that money is secondary and simply allows the game to continue. The juice is the game its self.
- 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: 1061
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 reside when I returned to the usa and I replied Texas. That ended the matter; intent being the deciding factor.
To the OP, were you paying state tax to Ohio while you were abroad?
To the OP, were you paying state tax to Ohio while you were abroad?
- 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: 15531
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 recommending them now relying on their great performance history and hoping they'll continue? It doesn't take much (Morningstar) to choose the winners for the past 10 yrs or the likes. 1210 My hunch is that Dave's S&P beating funds had very successful early years then most likely did not achieve their early success in later years. The larger a fund gets (Berkshire) the more difficult it is to move the needle. In any case, I'm not smart enough...
- 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: 15531
Re: Interesting video from Ramsey today
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
In the video Dave quotes his return over the past 40 years (if he were invested the entire period which he says he wasn't) is 13.04%; the S&P 500 returned 11.81%. That 1.23% difference amounts to $480k on $10k invested, Dave's numbers. One comment, if 1.23% on return matters, why doesn't it also apply to fees?
- Thu Jun 14, 2018 6:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Stats on When People Take Social Security
- Replies: 240
- Views: 27115
Re: Stats on When People Take Social Security
I agree. Many folks are on automatic and take the money at 62. There are good reasons to file early, but it depends on each person's specific circumstances.jharkin wrote: ↑Mon Jan 15, 2018 8:57 am 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 beneficial to wait. And they all worked past the age they started drawing.
The old saying "You can lead a horse to water....."
- Tue May 29, 2018 11:24 pm
- Forum: Personal Investments
- Topic: Vanguard Total Stock Market Index vs 500 Index
- Replies: 18
- Views: 9294
Re: Vanguard Total Stock Market Index vs 500 Index
That is why I am invested in Total Market, for the small cap exposure. Having said that, I think both funds are excellent choices. Do what make you happy
- 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: 12549
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
- 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: 6220
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 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 faith in younger investors, most without pensions, who understand that they are responsible for their own retirement. Market corrections are where the money is made
- Sat Mar 03, 2018 2:53 am
- Forum: Investing - Theory, News & General
- Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
- Replies: 79
- Views: 12557
Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Might be difficult to justify their salaries investing in an index fundeye.surgeon wrote: ↑Thu Mar 01, 2018 11:35 pm 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
- Sat Feb 24, 2018 5:59 pm
- Forum: Personal Consumer Issues
- Topic: Expat Living
- Replies: 58
- Views: 9571
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, but I persisted until they did.[...] I thought this happens in USA as well. My friend had his iPhone stolen. He had the locator software (whatever it's called) turned on, and knew exactly where (bad area of town - this is in the Bay Area) it was located. Went to the cops. They said nothing doing. They don't pursue crimes where stuff is stolen, as they had bigger fish to fry (kidnappings, homicides, etc). My foolhardy friend apparently went to ...
- Thu Feb 15, 2018 9:03 pm
- Forum: Investing - Theory, News & General
- Topic: Morningstar's SWR study
- Replies: 44
- Views: 5260
Re: Morningstar's SWR study
I too have suspected that home country selection may help; but inflation is a cruel tax. I rember the 1970s all too well.willthrill81 wrote: ↑Tue Feb 13, 2018 3:40 pm 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 inextricably linked to their home country's inflation. Vanguard has also found that beyond around 20% of one's portfolio, there hasn't been a significant marginal benefit to the diversification.