Search found 4609 matches

by mickeyd
Sun Dec 02, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7486

Re: "The Steak Dinner Annuity Pitch"

I attended such a presentation a few years ago. The invitation that I received in the mail indicated that no competing salesmen could attend, no products would be sold and there was no obligation if I attended. When I arrived @ the eatery they had a table with name tags displayed. After viewing my n...
by mickeyd
Sat Dec 01, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7486

Re: "The Steak Dinner Annuity Pitch"

3504PIR wrote:
Fri Nov 30, 2018 11:49 pm
Recent thread on this very topic, most thought it was a good idea to get a free meal. I view it at 100% unethical.
How is it unethical? Have you ever viewed a TV show that was sponsored by Ford Motor Company and not purchased a Ford? Same thing.
by mickeyd
Sat Dec 01, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7486

Re: "The Steak Dinner Annuity Pitch"

Enjoy the steak dinner, but don't drink the Kool-Aid.
by mickeyd
Sat Dec 01, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Current Market Volatility
Replies: 29
Views: 2084

Re: Current Market Volatility

Since I have the best IPS, as well as the perfect AA, I will be sleeping thru this bout of market volatility.

Wake me near the end of the month so that I can check to see if a need to rebalance.
by mickeyd
Sat Dec 01, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: I'm up 5% ytd and I will take it
Replies: 55
Views: 6035

Re: I'm up 5% ytd and I will take it

As a passive investor, the only time that I really care about the market is that day that I convert my stock/bond assets to cash. The other days are for other folks to be concerned about.
by mickeyd
Tue Nov 13, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Multi Product Discount
Replies: 30
Views: 3053

Re: USAA Multi Product Discount

Since USAA is selling off it's mutual funds to Victory, I wonder if that will affect any future discounts.
by mickeyd
Sat Nov 10, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4969

Re: Doing taxes by hand

I prepared my federal income tax manually for decades. I never gave it a second thought until I ran across free TT @ VG about 10 years ago. I have not done them by hand since. One thing that I got from the years of doing my taxes by hand is that I understand a lot about the IRS system and how each l...
by mickeyd
Sat Nov 10, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Words worth saving
Replies: 1
Views: 741

Words worth saving

In Tim Buckley's "CEO's Perspective" in the Annual Report for VG Money Market Funds (8/31/2018) he has penned a worthy thought that may be beneficial for all Bogleheads to make note of: "The prime gateway to investing is saving" This is what I have done all of my investment/savings life. Simplicity!
by mickeyd
Sun Nov 04, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking Up and Staying On Good Terms with an Advisor
Replies: 42
Views: 5304

Re: Breaking Up and Staying On Good Terms with an Advisor

If a barber wants to sell me some "foo foo" shampoo I just say my wife chooses all the personal care stuff and I don't want to upset her.
Don' spare the barber's feelings just say "I come in here to have you cut my hair. I do not use shampoo"
by mickeyd
Sun Nov 04, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking Up and Staying On Good Terms with an Advisor
Replies: 42
Views: 5304

Re: Breaking Up and Staying On Good Terms with an Advisor

•How important is my relationship with this guy going to be in the future? Your relationship with the advisor is different for each of you. To him/her you are the source of income so he can feed his family. To you he is a friend or helper to assist in making more money for your tribe. You need to l...
by mickeyd
Sun Nov 04, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: How many eggs in one basket?
Replies: 24
Views: 2803

Re: How many eggs in one basket?

I have had 100% @ VG for years. I feel perfectly safe with my decision. My investment is in funds that are supported by individual stocks/bonds not VG.
by mickeyd
Sun Nov 04, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4158

Re: Mice

My cat send this suggestion:

"Love to eat them mousies! Mousies what I love to eat-- Bite they little heads off-- nibble on they tiny feet!"
by mickeyd
Sun Nov 04, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs and taxes
Replies: 28
Views: 2778

Re: RMDs and taxes

Convert as much as you can afford to Roth IRA. It will cost you now but pay off in the long run.
by mickeyd
Sun Nov 04, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: WSJ: Sometimes, It’s Bonds For the Long Run
Replies: 72
Views: 6124

Re: WSJ: Sometimes, It’s Bonds For the Long Run

Interesting article and thread. Thanks for posting.

I've now decided to change my AA from 50% stock/50% bond to 50% bond/50% stock. I'll sleep better now
by mickeyd
Sun Nov 04, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a waste keeping money in a money market account?
Replies: 33
Views: 7100

Re: Is it a waste keeping money in a money market account?

Is this a suitable place to store this much money given my goals of buying property in the next few years? $60K is not that much to be invested in PMMF. Of course, it all depends on what the rest of your stash looks like. It's currently yielding >2.20% and increasing weekly. OP mentions "a few year...
by mickeyd
Sat Nov 03, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Negotiate Washington Post Subscription
Replies: 15
Views: 1738

Re: Negotiate Washington Post Subscription

I do not know how newspaper subscription pricing is established. It seems to vary wildly. After subscribing for 30 years to the local paper I stopped it recently. I was paying $27/month. Since then I have received at least a dozen offers online, via telephone, and mail. All offers were lower than $2...
by mickeyd
Sat Nov 03, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Are Bond Funds Really a Good Investment Now?
Replies: 44
Views: 5089

Re: Are Bond Funds Really a Good Investment Now?

As a long-term investor I have always used the I-T bond index fund as a diversifier that helps tamp-down the volatility of my accounts. God investment? You bet.
by mickeyd
Sat Nov 03, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Credit card Surcharges
Replies: 41
Views: 1796

Re: Credit card Surcharges

My favorite liquor store accepts both credit and debit cards, but gives me a %5 discount it I pay with a debit card. It's about the only thing I use my debit card for.
by mickeyd
Sun Oct 28, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Multi Product Discount
Replies: 30
Views: 3053

Re: USAA Multi Product Discount

I have auto, HO, checking, savings with USAA. It looks like I am saving $15.44/month by doing so. Did not know this. Thanks for the link. I dumped the MFs that I had years ago and shipped the money to VG. I may look @ opening up a MMF again if I get a discount. While snooping around that USAA site I...
by mickeyd
Sat Oct 20, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: My Edward Jones IRA is out performing my Vanguard 401K
Replies: 76
Views: 10249

Re: My Edward Jones IRA is out performing my Vanguard 401K

Do these results make sense? I think my EJ account is mostly mutual funds and/or index funds my advisor selected.
Please list the funds in your account along with their respective ERs. It's difficult to make comparisons w/o such data.
by mickeyd
Sat Oct 20, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Do Any Annuities Offer a "Free Lunch"?
Replies: 21
Views: 1987

Re: Do Any Annuities Offer a "Free Lunch"?

Please, Please do not deny your insurance agent, financial guy, money manager the opportunity of being able to send his kids to that private school, operate out of that fine corner office, park all 3 of those leased Lexus automobiles in the drive way of that fine home on the best side of town. Or, y...
by mickeyd
Tue Oct 16, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36664

Re: free dinner investing seminar

It's obvious that some of you are just mooches. Mooch: "to get or take without paying or at another's expense; sponge." Not really. These seminars are another form of advertising. Folks sit there and listen to the professional presentation (not unlike a TV commercial) and are rewarded, not by a "fr...
by mickeyd
Sun Oct 14, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36664

Re: free dinner investing seminar

I've attended dozens of these shows during that last 10 years (for entertainment purposes only) but none laity, though I still receive the occasional invite in the mail. Enjoy the meal, but don't drink the Kool-Aid. mickeyd, did you ever go to one at McDonald's? :D :D Good one! No, but most of mine...
by mickeyd
Sat Oct 13, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Pacific Northwest trip
Replies: 39
Views: 3107

Re: Pacific Northwest trip

Steer clear of Portland as the crazies seem to have taken over downtown.
by mickeyd
Sat Oct 13, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36664

Re: free dinner investing seminar

I've attended dozens of these shows during that last 10 years (for entertainment purposes only) but none laity, though I still receive the occasional invite in the mail.

Enjoy the meal, but don't drink the Kool-Aid.
by mickeyd
Thu Oct 11, 2018 1:53 pm
Forum: Local Chapters and Bogleheads Community
Topic: michael survivors
Replies: 16
Views: 2077

Re: michael survivors

I was planning a trip to that area this week. Glad I changed my plans. Much devastation all along the BIG Bend.

God Help You All!
by mickeyd
Sat Oct 06, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?
Replies: 45
Views: 4783

Re: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?

I'm holding out for some kind of financial award or free VG coffee cup. I held out with AT&T and they gave me a $10 credit (or was it a $10 gift card?) for making their life easier. If VG wants to they will have to pay. I understand that this may effect the ER of everyone here, but Bogleheads always...
by mickeyd
Wed Oct 03, 2018 2:53 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 5051

Re: Social Security and Asset Allocation

John Bogle has clearly and repeatedly urged that social security, pensions, and annuities should all be counted as part of the fixed income portion of one's asset allocation. To do otherwise is to shortchange the portion of your assets that should be invested in equities and thereby creates a varie...
by mickeyd
Tue Oct 02, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 5051

Re: Social Security and Asset Allocation

John Bogle has clearly and repeatedly urged that social security, pensions, and annuities should all be counted as part of the fixed income portion of one's asset allocation. To do otherwise is to shortchange the portion of your assets that should be invested in equities and thereby creates a varie...
by mickeyd
Sat Sep 29, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6100

Re: SS 2019 COLA could be close to 3%

Looks like the COLA for 2019 will be closer to 2.8%.
by mickeyd
Sat Sep 29, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?
Replies: 45
Views: 4783

Re: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?

I have never upgraded my VG accounts. If VG wants to force the issue, I will change.
by mickeyd
Sat Sep 29, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: David Swensen Portfolio Critique.
Replies: 28
Views: 2493

Re: David Swensen Portfolio Critique.

A 70/30 AA for a smart wealthy guy is not surprising at all. I'll bet he also has a healthy checking account and MMF that levels out all of life's bumps that is not mentioned. He knows how to access his risk.

My 45/45/10 AA is exactly correct for me.
by mickeyd
Sat Sep 29, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Which type of Primary Care Physician?
Replies: 54
Views: 4258

Re: Which type of Primary Care Physician?

My medical care is a triangular affair. Between the doctor, the computer and me we generally arrive on the best care for what ales me. I think my current doctor is an internist, but it really does not matter as I receive excellent care from a guy that is obviously interested in me remaining in good ...
by mickeyd
Wed Sep 26, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 5051

Re: Social Security and Asset Allocation

SS is not a bond, so do not treat it as such. SS is an income stream that will REDUCE your need to come up with certain cash inflows each and every month until you pass away. It's a darn good benefit, but it is no bond because there is no residual value after you leave this joint.
by mickeyd
Sun Sep 23, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4868

Re: Long Term Care

I Have always thought that LTCi was over priced and a waste of money in the long term. Of course, insurance agents will advise you that this is incorrect. I know that I have saved many thousands of $s over the last 10 years by assuming the LTC risk myself.
by mickeyd
Sun Sep 16, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest money that you may need in 6 months to a year.
Replies: 17
Views: 1944

Re: How to invest money that you may need in 6 months to a year.

PMMF is the correct response here. Currently has a yield of 2.09% but that will quickly jump up as soon as the FED bumps their rate up (this month?). FDIC insurance is a non-factor for such a short term.
by mickeyd
Sun Aug 19, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3855

Re: Retirees: Timing your withdrawals

When the stock market peaked a week or so ago I took out 50% of my RMD. This is the third year in a row that I have done this. Will take the balance of RMD before December unless the stock market decides to become bullish prior to that time. Sounds like market timing to me!
by mickeyd
Sun Aug 19, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Money Market Funds vs. Online Banks
Replies: 38
Views: 3906

Re: Money Market Funds vs. Online Banks

I dumped PMMF for Ally online a few years ago when rates were low-low. I have since dumped Ally for PMMF. Cash is king.
by mickeyd
Sat Aug 18, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard share price updating
Replies: 3
Views: 579

Re: Vanguard share price updating

Starting the week of August 13, I find non-vanguard mutual fund prices are not updated by 7pm, nor do they appear to be updated the following morning?
Maybe you are checking it too often. I never check, yet it somehow has always updated.

Stay the course.
by mickeyd
Sat Aug 11, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2747

Re: Junk Mail

Without junk mail I'd never get a chance to fill up my recycling bin.
by mickeyd
Sat Aug 11, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3427

Re: Financial Advidor Mandatory?

Financial advisors and wealth managers are not in the business of giving advice. Rather, they are in the business of getting paid to give advice.

You can probably do it yourself.
by mickeyd
Fri Aug 10, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8240

Re: Should I tell my family/friend that they are making a financial mistake?

Instead of offering financial advice (something that I will never do) ask something like this : "Gee uncle Bill, why did you choose XXX mutual fund?" and see where that leads you.
by mickeyd
Sat Aug 04, 2018 2:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3948

Re: How did you become a Boglehead?

Like many others here I was always a Boglehead even before the term was invented 11+ years ago. I followed Vanguard Diehards a few years before this site was erected and Bogleheads was voted on to be the name we now enjoy.
by mickeyd
Sat Aug 04, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Yogi said it. It must be true.
Replies: 21
Views: 2697

Yogi said it. It must be true.

Many of you have probably seen this Vanguard article. Since it's baseball season, it's worth a repeat read.

https://investornews.vanguard/major-lea ... 18:101:INV:
by mickeyd
Thu Aug 02, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78718

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Any indication when Vanguard will follow suit? It’s a pain to transfer companies but this would be worth it I don't believe that VG uses loss-leaders or subsidizes funds as other MF companies do. The VG ER is truly what the cost to run the fund is. It's that simple. The Johnson family is rich and c...
by mickeyd
Wed Aug 01, 2018 4:28 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 762
Views: 78718

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Any indication when Vanguard will follow suit? It’s a pain to transfer companies but this would be worth it I don't believe that VG uses loss-leaders or subsidizes funds as other MF companies do. The VG ER is truly what the cost to run the fund is. It's that simple. The Johnson family is rich and c...
by mickeyd
Tue Jul 31, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Best BBQ in San Antonio
Replies: 41
Views: 3107

Re: Best BBQ in San Antonio

Try Black Board BBQ in Sisterdale. Wagyu Brisket alone is worth it, but add the wild boar sausage and your treat is complete.

Note: Only open Thurs-Sat noon-8.

https://jessicalynnstrom.com/2017/08/11/blackboard-bbq/
by mickeyd
Tue Jul 31, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard IRA transfer: send Certified or Regular mail
Replies: 11
Views: 641

Re: Vanguard IRA transfer: send Certified or Regular mail

For what it's worth, I have always sent stuff to VG via regular mail and have never had any trouble nor lack of speedy delivery. Probably just lucky.
by mickeyd
Mon Jul 30, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 162
Views: 14725

Re: Tips for staying active / injury-free into older age

Consider living in a CCRC where they have a higher socioeconomic resident than the general population and that is reflected in their better health status.