Search found 4428 matches

by mickeyd
Wed Dec 06, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3846

Re: How do you know you are FI?

I think that I became FI when I realized that my retired income stream (not counting RMD) was greater than our monthly expenses. This allowed me to stash left over cash in my Ally account every month. The less I work, the more my account grows.

I love it when a plan comes together.
by mickeyd
Sat Dec 02, 2017 2:29 pm
Forum: Investing - Theory, News & General
Topic: "Diversification: A Reason to Stay the Course With Your High-Quality Bond Fund."
Replies: 21
Views: 3585

Re: "Diversification: A Reason to Stay the Course With Your High-Quality Bond Fund."

Thanks for that link Taylor. Still, it makes good sense to diversify your bets. For those with significant equity exposure, holding a high-quality bond fund is a good way to do just that Even though TBM seems to be the FI fund of favor here, I have always liked the Intermediate-Term Bond fund. Seems...
by mickeyd
Sat Dec 02, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5962

Re: The 4% rule, Firecalc and Human Nature

As mentioned earlier, it's really the "4% guess", not the "4% rule". None of us knows if it will work for us or not. Only those who follow us (our beneficiaries) will see the results of our distribution plan. Do the best you can with what you have. I'm sure my plan will work. Are you sure yours will...
by mickeyd
Sat Dec 02, 2017 2:08 pm
Forum: Investing - Theory, News & General
Topic: Fama - Embrace passive management already
Replies: 16
Views: 2445

Re: Fama - Embrace passive management already

Timing is even more subject to error than picking individual securities.
Can't mention this too darn often.
by mickeyd
Sat Dec 02, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19609

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If not Ponzi, certainly Ponziish.

Look for many articles in future financial pubs with titles such as "How did I fall for Bitcoin/Ponzi scheme?"
by mickeyd
Fri Dec 01, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Win Bigly - Scott Adams
Replies: 26
Views: 3709

Re: Win Bigly - Scott Adams

I viewed an interview (about an hour) on C-SPAN a week or so ago plugging this book. Scott is a real hoot. Can't get enough of his humor or comments about persuasion.
by mickeyd
Tue Nov 28, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7873

Re: CNBC says Vanguard says 70% Chance of "Correction"

mickeyd wrote:
Mon Nov 27, 2017 5:11 pm
After a 24 hour cooling off period, I will be converting it all to cash and gold.
I have cooled off now. I will stay the course since that is how I have done it for a long, long time,
by mickeyd
Mon Nov 27, 2017 5:11 pm
Forum: Investing - Theory, News & General
Topic: CNBC says Vanguard says 70% Chance of "Correction"
Replies: 63
Views: 7873

Re: CNBC says Vanguard says 70% Chance of "Correction"

After a 24 hour cooling off period, I will be converting it all to cash and gold.
by mickeyd
Sun Nov 26, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Comma Club and Other Goals Reached!
Replies: 19
Views: 3831

Re: 2 Comma Club and Other Goals Reached!

Anyway, that is how we got here.
Congrats! The second million is way easier to acquire than the first one.
by mickeyd
Sun Nov 26, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: The Wolf of Wall Street
Replies: 33
Views: 4548

Re: The Wolf of Wall Street

Read the book and saw the movie. Somehow I preferred the movie because the book did not have the nude pictures that the movie had.

Jordan Belfort is not the kind of investment advisor that Bogleheads usually do business with.
by mickeyd
Sun Nov 26, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4914

Re: if you could use only 1 investment firm...

I am nervous about having all accounts within one entity. Why? There is institutional risk of cyber attack or systems failure of any sort. Most of this hopefully could eventually be sorted out but it could take time and limit your access to you funds in the meantime. It is .less likely that an atta...
by mickeyd
Fri Nov 24, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4914

Re: if you could use only 1 investment firm...

I am nervous about having all accounts within one entity.
Why?
by mickeyd
Fri Nov 24, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16302

Re: Anyone tired of the stock market going up?

essentially feel like I am getting paranoid waiting for a shoe to drop. Here's an idea that may drive you nuts for a while, but it works for me~ Don't read the financial paper, stay away from CNBC, don't go online to "peak" at your numbers. Try it for a week, then 2 weeks, a month, a quarter etc. A...
by mickeyd
Fri Nov 24, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4914

Re: if you could use only 1 investment firm...

VG
Your message contains 2 characters.
You need to enter at least 5 characters.

VG V
by mickeyd
Fri Nov 24, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Future Growth Projection
Replies: 15
Views: 1813

Re: Jack Bogle's Future Growth Projection

You know the proper AA for you and your gang, so stick with it. What are your alternate options? Stash more into risky alternative investments? Stash more into more conservative cash-like vehicles or bonds? Stash a bunch into local rental houses that you will need to manage? 6%, 4%, 2%...take what t...
by mickeyd
Fri Nov 24, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: universal whole life policy
Replies: 2
Views: 283

Re: universal whole life policy

The usual response to these kind of questions is ~ If he still needs the $100K insurance coverage, keep it until he no longer needs it. If that original need for LI is no longer an issue and the CV can be used to make life easier today, it might be time to cash it out.

Hope that helps.
by mickeyd
Tue Nov 21, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1246

Re: Tipping contractors?

Not only no, but hellno.

Once I have negotiated the price that's it. How does tipping get worked into so many financial transactions? Does my Flagship rep expect a tip?
by mickeyd
Mon Nov 20, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle, the world's richest man
Replies: 25
Views: 5114

Re: Jack Bogle, the word's richest man

We are all kids of Jack. Thanks, dad.
by mickeyd
Mon Nov 20, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 14099

Re: Dave Ramsey says don't use credit cards, even if you pay them off

Does this change your approach to using credit cards? Dave goes overboard when he says this. Using a CC and paying off each month and claiming cash rewards is a very efficient way to spend your money. I do not believe that the use of a CC makes me spend more than I plan to spend. I was not included...
by mickeyd
Mon Nov 20, 2017 2:59 pm
Forum: Personal Consumer Issues
Topic: Drive it till it dies. It died.
Replies: 54
Views: 6213

Re: Drive it till it dies. It died.

My 15YO Camry died so I donated it to St.Vincent DePaul Society and they ended up getting $1800 for it.
by mickeyd
Sun Nov 19, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Insurance claim - what is my obligation?
Replies: 11
Views: 1046

Re: Insurance claim - what is my obligation?

This is just like when you have a car accident. The insurance company sends you a check to cover the loss but you are under no obligation to have the car repaired.
Your mattress is not a car. Buy a new one, give them a call and get on with your life.
by mickeyd
Sun Nov 19, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to take income from IRA?
Replies: 8
Views: 586

Re: How to take income from IRA?

What is the recommended or preferred way(s) to take income from a tax-deferred account?
My recommendation is to wait until you are ago 70 and then take out only the Required Minimum Distribution (RMD). If you need that cash prior to age 70 to live on, take it out when you need it.
by mickeyd
Fri Nov 17, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Confused!!!! CRCCs or home care..? Help!!
Replies: 12
Views: 1199

Re: Confused!!!! CRCCs or home care..? Help!!

DW and I are pretty sure CCRC is the way to go in the long-term as long as you can come up with the up-front cash that they require. Most that we have visited are very nice and have affordable monthly rates. DW says she is looking forward to the weekly cleaning service and food options. Another bene...
by mickeyd
Thu Nov 16, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Preferred Cash Rewards Visa Card
Replies: 4
Views: 612

Re: USAA Preferred Cash Rewards Visa Card

That sounds like my USAA Visa card. I pay off the balance automatically monthly. When I signed up for the card I asked for billing to be handled this way. EZPZ lemon squeezie.
by mickeyd
Sat Nov 11, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1054

Re: Money Market fund for dividends, capitol gains, etc??

I additionally will not need my RMD money for 3-5 years... after taxes approx. $32,000 withdrawn x once a year. Trying to decide what to do...conserving is a priority. Thoughts? Since you will not need it in the short run, consider a CD for the appropriate term. Or, try online savings account, or c...
by mickeyd
Sat Nov 11, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1054

Re: Money Market fund for dividends, capitol gains, etc??

It continues, "Here's why: you'll incur taxes on these gains when they are paid out. If you reinvest them and then turn around and withdraw them in a few months, you'll likely have to pay taxes on them again." Sounds like marketing gibberish. Do what you need to do to get your $ where you need it t...
by mickeyd
Thu Nov 09, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market fund for dividends, capitol gains, etc??
Replies: 9
Views: 1054

Re: Money Market fund for dividends, capitol gains, etc??

There are a lot of ways to think about RMD action. I just continue to reinvest all of my IRA dividend distributions and take my RMD cash either once or twice a year, depending on the situation. As for if you should open a MMF or not, that's your call.
by mickeyd
Thu Nov 09, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Improved returns from rebalancing asset allocation
Replies: 6
Views: 596

Re: Improved returns from rebalancing asset allocation

Well anyway just a thought and at least if it keeps you from selling, rebalancing helps you buy stocks at a low price, and take risk off the table when stocks continue to increase, to me some amount of bonds makes sense. The main reason that I have about 50% of my stash in bonds is that it tends to...
by mickeyd
Wed Nov 08, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Policy Statement (RPS) -- Is anyone else using one?
Replies: 12
Views: 1242

Re: Retirement Policy Statement (RPS) -- Is anyone else using one?

Thanks for the RPS idea. Its' a new concept to me. I have a working IPS and this simple 2 page document will be used to supplement my IPS. Most of the concepts in the RPS have already been implemented already in my updated version of my IPS. Thanks again.
by mickeyd
Wed Nov 08, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8996

Re: "I took all my money out of the stock market and it feels amazing"

Nice suggestion Roz. But, how do you plan on keeping up with inflation w/o equities in the mix? You may wish to keep about 20% or so in stocks to take care of this.
by mickeyd
Tue Nov 07, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9549

Re: "$1 Million is Closer Than You Think"

I'd like to see an ad for how simple it is to acquire a $2M balance once you arrive at $1M.
by mickeyd
Tue Oct 31, 2017 2:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 128
Views: 6695

Re: To Avatar or not to Avatar . . how did you choose or not choose?

CIB is iconic and I was awarded one years ago. Why not?
by mickeyd
Sun Oct 29, 2017 2:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Boglehead.org
Replies: 24
Views: 2197

Re: Thank you Boglehead.org

I'm indebted to sscritic who is no longer on here for his knowledge
+1
by mickeyd
Sat Oct 28, 2017 3:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Boglehead.org
Replies: 24
Views: 2197

Re: Thank you Boglehead.org

Keep all that enthusiastic chatter down in there! We're trying to keep this place quiet. :shock:
by mickeyd
Sat Oct 28, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: FICO Score 9
Replies: 7
Views: 1325

Re: FICO Score 9

"Your FICO® Score 9, based on Equifax data".


Wow, I thought you got more than that for filling out your name.
by mickeyd
Sat Oct 28, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: we're going to get hit with taxes next year, help please
Replies: 21
Views: 2312

Re: we're going to get hit with taxes next year, help please

Having to pay a lot to the IRS is a pretty good problem to have. My advice? Pay it quarterly and stash the rest away for the future.

Good luck.
by mickeyd
Sat Oct 28, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2603

Re: RMD distribution timing

Why do some places/sites call them "RMDs" (which I use) while others call them "MRDs"? Just adds to confusion IMO. When I was reading IRS documents a few years ago regarding the subject, they used both acronyms interchangeably in the docs. I took it to mean that either was acceptable to use. I chos...
by mickeyd
Sat Oct 28, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5762

Re: Index investing is boring

NotWhoYouThink wrote:
Fri Oct 27, 2017 12:24 pm
Index investing wasn't all that boring in 2007-9. It was terrifying. Because it was investing, not because it was index.
I don't recall any terror in my house. As a long-term Boglehead, I must have been out trick-or-treating at the time.
by mickeyd
Sat Oct 28, 2017 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 15679

Re: Ally Bank - Savings Account Rate Increased!

Ally always seems to lag behind those front-runners by about .05% or so. Must be part of their business model. No need to lead the field, just be up there.
by mickeyd
Fri Oct 27, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2603

Re: RMD distribution timing

If the stock market is at all-time high during summer or later, I take half off of the table at that time and take the balance prior to the end of the year. So far I have only taken distribution from my booming equity investments. I have been stashing the proceeds in cash as I have a costly event ap...
by mickeyd
Fri Oct 27, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3633

Re: Morningstar responds to Wall Street Journal article

This was featured on Nightly Business Report too, the Wall Street Journal reporter was interviewed. I forget what night that ran.[/quote ]

I saw it last night on NBR.
by mickeyd
Fri Oct 27, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 3633

Re: Morningstar responds to Wall Street Journal article

It appears to me that the M* star-system is a moneymaker for M* . I notice that most MF ads also include what the M* rating is. Wonder how much it cost ad advertiser to have those in the ad?
by mickeyd
Thu Oct 26, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5762

Re: Index investing is boring

Boring? I call it rewarding.
by mickeyd
Mon Oct 23, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy Analysis
Replies: 53
Views: 2797

Re: Whole Life Policy Analysis

What other LI do you have other than this policy?
by mickeyd
Mon Oct 23, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Better than 4% Rule
Replies: 40
Views: 5348

Re: Better than 4% Rule

The so-called "4% rule" is not a rule, but a concept to begin with in case you have no clue where to start when you finally get around to addressing the idea of retirement income for yourself. Used as a guide, it's better than nothing (like the % in bonds concept) when beginning your search. I doubt...
by mickeyd
Mon Oct 23, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: using vanguard to manage assets
Replies: 10
Views: 1201

Re: using vanguard to manage assets

Does anyone have any experience with Vanguard acting as manager for his/her portfolio. I am a better manager of My assets than any person, either VG or not, alive today. I know MY plan better than anyone else and I know why it's headed in the direction that it is. That said, If I became lazy and wa...
by mickeyd
Mon Oct 23, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Who does the portfolio reviews and why?
Replies: 21
Views: 1448

Re: Who does the portfolio reviews and why?

I have probably done "portfolio review", but I did not know that the process that I went thru had a name. I called it "weeding out my portfolio" and it occurred several years ago when I decided to simplify my portfolio. I eliminated REIT fund, small-cap value fund, Value fund, and a couple of others...
by mickeyd
Fri Oct 20, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 5907

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: 588

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.