Search found 4380 matches

by mickeyd
Fri Oct 20, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5139

Re: Is a crash coming soon?

Yes, but it all depends on the meaning of "soon."
by mickeyd
Fri Oct 20, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Want to switch from managed USAA
Replies: 7
Views: 486

Re: Want to switch from managed USAA

I moved all of my investment accounts from USAA to Vanguard about 15 years ago mainly because they have better funds and they are cheaper to own. I consider that move one of my better financial moves, but time will tell.
by mickeyd
Sun Oct 15, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 104
Views: 5834

Re: How does everyone keep track of your portfolio?

I view my quarterly statements when they arrive in the mail and check my accounts @ VG at least annually after RMD. If they need tweaking I take care of it at that time. If not, I return to what I was doing.
by mickeyd
Sat Oct 14, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2645

Re: Annuities - how does insurance company know you died?

Anyone who assumes the identity of a deceased person has committed fraud. Most folks understand this concept and financial institutions know how to track them down if they violate this concept.
by mickeyd
Sat Oct 14, 2017 12:15 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, The Only Way To Beat The Stock Market
Replies: 5
Views: 2386

Re: Jack Bogle, The Only Way To Beat The Stock Market

Thanks so much for that link. Even though it is about 5 years old, it was wonderful to view again. I watch Consuelo Mack's show on PBS each week and think that it is usually worth my time.
by mickeyd
Fri Oct 13, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: [Social Security announces 2.0% benefit increase for 2018]
Replies: 26
Views: 3248

2% COLA for 2018

Looks like SSA will be upping it's payouts 2% in 2018. Military and Fed pensions should also jump up the same.Look for an increase in Medicare rates also that will blunt this.

https://federalnewsradio.com/benefits/2 ... t-in-2018/
by mickeyd
Wed Oct 11, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Whole life insurance - question for surrending
Replies: 5
Views: 581

Re: Whole life insurance - question for surrending

Any thoughts would be appreciated, to help confirm if I am on right thinking path as I start to work to surrender these and better use those funds in our ROTH IRAs. I tend to agree with your conclusion. WL insurance pays the agent first, the company next and the policy owner last. It's a sales proc...
by mickeyd
Tue Oct 10, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7475

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately? Have you ever had a price discrepancy? I have not... my parents have when a waiter added a few dollars to a tip. I make so few purchases at retail outlets (under 8 a month... if that...
by mickeyd
Mon Oct 09, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise and Term Insurance
Replies: 4
Views: 458

Re: Ameriprise and Term Insurance

What would be the reason he would want us to shop for term insurance every 10 years?
Future commission $.
by mickeyd
Mon Oct 09, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3600

Re: Rebalancing - Personal Philosophies

My simple rebalancing efforts tend to happen after my annual RMD distribution. If there is a drastic AA change (5%+), I jigger my, now simple, AA a bit to get it in range. I then go to sleep for 12 month. EZPZ.
by mickeyd
Mon Oct 09, 2017 12:48 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4818

Re: Is there boglehead consensus on buying a car?

I have owned over a dozed cars, new and used. I have decided that a new car (I like Toyota) with all of it's warranties is right for me as we tend to keep cars around 15 years and maintain them as required by the manufacturer.
by mickeyd
Mon Oct 09, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]
Replies: 80
Views: 6551

Re: And the Nobel Memorial Prize in Economic Sciences goes to [Richard Thaler]

Thaler is well-deserving of this honor. But, still waiting for Bogle to get the nod. BE is a great field to read/learn about- always changing. The illogical behavior has economic consequences: People spend more than they should and don't save enough for retirement. They make investments — in houses ...
by mickeyd
Mon Oct 09, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why is inflation so low? Moore's law?
Replies: 31
Views: 3852

Why is inflation so low? Moore's law?

I was unfamiliar with Moore's law prior to reading this VG paper. It shows how technology may be a factor is keeping inflation down as all industries are benefiting from new, cheaper technology. Coined by Intel co-founder Gordon Moore, Moore’s Law has become shorthand for the diffusion of ever more ...
by mickeyd
Sun Oct 08, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11130

Re: Millionaire Next Door (Thank you Bogleheads)

Congrats! The second million is much easier. No?
by mickeyd
Sun Oct 08, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 8812

Re: Flagship Reps

One millon dollars in 1958 had the same buying power as 8 1/2 million dollars would today.
... and John Baresford Tipton made it tax-free somehow. Those days were when a million bucks tax-free was a million bucks.
by mickeyd
Sat Oct 07, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7475

Re: Do you want your receipt?

I always demand a receipt and check them against the monthly statement. How else can you check for fraud accurately?
by mickeyd
Sat Oct 07, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 8812

Re: Flagship Reps

I like my Flagship rep mainly because she was smart and she sent me a free copy of Jack Bogle's last book. I really have no use for a special rep, but enjoyed the occasional chat and book. I'm quite OK with the new team concept.
by mickeyd
Mon Oct 02, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Go to cash now or in late December when i need the cash
Replies: 28
Views: 1929

Re: Go to cash now or in late December when i need the cash

This not dissimilar to my quandery of when to take my RMD, now or in December? I decided half now and half in December. With only $10K at stake, there is not much difference in the long run.
by mickeyd
Mon Oct 02, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Past problem with Universal Life assumptions
Replies: 7
Views: 407

Re: Past problem with Universal Life assumptions

As is noted here often, stick with term life insurance. Keep your investments and your LI in different pockets.
by mickeyd
Mon Oct 02, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: 403(B) advisor advice to wife
Replies: 36
Views: 2687

Re: 403(B) advisor advice to wife

Any thoughts on this advice?
Free advice is usually worth what you pay for it.
by mickeyd
Mon Oct 02, 2017 11:41 am
Forum: Investing - Theory, News & General
Topic: The Future of Active vs Index Investing
Replies: 33
Views: 2510

Re: The Future of Active vs Index Investing

In a few years it’s possible that the difference in fees between active and passive funds will be nearly equal
I don't buy this. Indexing will always be a cheaper way to go. I will STC.
by mickeyd
Mon Oct 02, 2017 11:35 am
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 39
Views: 4852

Re: My favorite CNBC program

The Profit
by mickeyd
Mon Oct 02, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 9742

Re: Current Bull Market could last years

Staythecourse. Ignorethewhitenouse. Gobacktosleep.

Goodnight.
by mickeyd
Tue Aug 08, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 6034

Re: Vanguard Money Market vs. Savings Accounts

I currently have cash in PMMF (1.10%) as well as Ally online (1.15%). (Both rising.) Also have cash in CDs @ NFCU and Ally. In addition I consider my STBF @ VG as cash. Spread it around and rake in the cash.
by mickeyd
Mon Jul 31, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: A Secret of the Index Fund’s Success?
Replies: 25
Views: 3367

Re: A Secret of the Index Fund’s Success?

I long ago realize that I was not smart enough to locate the best individual stocks or actively managed mutual funds to throw my hard-earned money at. So, I decided to own the entire market and be satisfied with whatever it gave me.

Simplicity.
by mickeyd
Sun Jul 30, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: Equal Parts Small, Mid, Large Cap Indexes
Replies: 56
Views: 3310

Re: Equal Parts Small, Mid, Large Cap Indexes

Alexa9 wrote:Why is market weighted index (Total Stock Market) preferable to equal parts small, mid, and large cap indexes?
Or even small value, mid value, and large value since the value factor is even larger than the size factor?
Simplicity.
by mickeyd
Sun Jul 30, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7314

Re: What are your monthly expenses?

My retirement income is about $4K more than my monthly expenses. The rest I save for fun. Simplicity.
by mickeyd
Sun Jul 30, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 2034

Re: Should i diversify from Vanguard?

benign_user wrote:Some fund manager making me lose money through either incompetence or theft.
You are probably overthinking this. Take a nap.
by mickeyd
Sun Jul 30, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Have Enough In My Emergency Fund?
Replies: 22
Views: 2941

Re: Do I Have Enough In My Emergency Fund?

Vanguard Federal Money Market Fund. I am however considering upping the amount. Yet I am not sure how much and if I should put it elsewhere
You might want to consider the PMMF which is yielding 1.10% (FMMF is 0.92%). An increase in 18bps is there for the taking.
by mickeyd
Sun Jul 30, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should i diversify from Vanguard?
Replies: 25
Views: 2034

Re: Should i diversify from Vanguard?

Should I diversify and invest through other firms?
What benefit would you gain by this action?
by mickeyd
Thu Jul 20, 2017 1:24 pm
Forum: Personal Consumer Issues
Topic: My favorite CNBC program
Replies: 39
Views: 4852

Re: My favorite CNBC program

The Profit.

Ml is a great taskmaster..."I'm 100% in charge."
by mickeyd
Wed Jul 19, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10954

Re: % bogleheads of overall population

The trick is to listen and digest all of this info on the site, while "staying the course". There are many opportunities here with the Boglehead world to tinker a bit too much
You got it. Welcome here retiringwhen.
by mickeyd
Sun Jul 16, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: 2017 RMD Timing
Replies: 33
Views: 2735

Re: 2017 RMD Timing

Been taking RMD for a few years and generally think that taking it in December is best. Last year about this time the equity market was near the all-time high so I decided to take 50% of my RMD and 50% later on. Later on TSM price was still higher. This year (now) S&P500 is again at all-time high. I...
by mickeyd
Sun Jul 16, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Index Fund vs SP 500
Replies: 25
Views: 2713

Re: Total Stock Index Fund vs SP 500

indexonlyplease wrote:I understand that the total index fund and SP500 returns are really close.

Question: lf the large companies in the SP 500 are down for the next 10 years and the mid and small caps are up for the next 10, does this mean the total stock index with have a better return the the SP 500????
It depends.
by mickeyd
Sun Jul 16, 2017 3:51 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10954

Re: % bogleheads of overall population

The average # of unique visitors per day
Who qualifies as a unique visitor Mel?
by mickeyd
Sat Jul 15, 2017 2:00 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 10954

Re: % bogleheads of overall population

I am sure that there are hundreds of thousands of our fellow citizens that have a Boglehead sense about them, but have not been shown the way here. Remember, at one time none of us were BHs, but still had a sense that investing by using low-cost funds like VG just made sense. It's still a # <1% of t...
by mickeyd
Sat Jul 15, 2017 1:40 pm
Forum: Investing - Theory, News & General
Topic: 50% Cash, 50% Stocks: The Opportunistic Portfolio
Replies: 43
Views: 4575

Re: 50% Cash, 50% Stocks: The Opportunistic Portfolio

About 5 years ago I stumbled into my current AA of 45/45/10. It's been a very smooth ride for us since we are backed up by DB plans that provide income streams that pay all of our monthly expenses. At one time I was 95/5 and was happy in my ignorance of what risk really was.

Fun with numbers...
by mickeyd
Wed Jul 12, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 84
Views: 12772

Re: Ally Bank - Savings Account Rate Increased!

I try to keep between $5,000 and $10,000 in checking to cover routine and not so routine travel expenses
That seems unnecessary. If you charge everything to your CC, you can stash that $10K in your Ally account and have them exchange it to your checking account w/i a couple of days as needed.
by mickeyd
Sat Jul 08, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Illinois Partial Year tax increase
Replies: 19
Views: 2975

Re: Illinois Partial Year tax increase

Illinois just passed a tax increase from 3.75% to 4.95% retroactive to July 1st.
If you can escape quickly, there is still room in Texas for a few more of you.
by mickeyd
Sat Jul 08, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: "Bond wipeout has just begun"???
Replies: 84
Views: 12349

Re: "Bond wipeout has just begun"???

1. Select an AA that fits your needs.
2. Stay the course.

Any questions? Refer them to Jack Bogle.
by mickeyd
Sat Jul 08, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Ally 11 month no penalty CD
Replies: 7
Views: 981

Re: Ally 11 month no penalty CD

I moved a bunch from Ally online to this CD. No brainer.
by mickeyd
Wed Jun 28, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1843

Re: Any Reason to Stay With USAA?

I have been a USAA member for almost 50 years (HO/Auto) but I no longer invest with them. I moved it all to Vanguard years ago. No brainer.
by mickeyd
Wed Jun 28, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Retiree in need of new FA
Replies: 3
Views: 593

Retiree in need of new FA

Tim Duncan (#21 SA Spurs) finally gets his day in court. Judge suggests an alternate investment scheme. Simplicity often works. I"n good-old 20/20 hindsight, if Mr. Duncan had taken the $24 million and bought a government bond at 2 or 3 percent interest, he’d still have the $24 million and...he’d be...
by mickeyd
Tue Jun 27, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: New military officer. Is the Roth TSP the obvious choice?
Replies: 37
Views: 3384

Re: New military officer. Is the Roth TSP the obvious choice?

I am familiar with a number of medical-related MOS officers who began as field grade officers. I once served in a unit that had a direct commissioned colonel (O-6) as commander. Good soldier. Good doc.
by mickeyd
Sun Jun 25, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Vanguard Fund
Replies: 56
Views: 7157

Re: Your Favorite Vanguard Fund

TSM...