Search found 4452 matches

by mickeyd
Tue Jan 16, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 154
Views: 12428

Re: How does everyone keep track of your portfolio?

Everyone is different.
Ain't that the truth?
by mickeyd
Tue Jan 16, 2018 1:46 pm
Forum: Investing - Theory, News & General
Topic: Dow 30,000 S&P 3000, Nasdaq 10,000
Replies: 36
Views: 3755

Re: Dow 30,000 S&P 3000, Nasdaq 10,000

Remember, market always does opposite of the most common consensus.
But, but, we're all smarter than that...aren't we?
by mickeyd
Tue Jan 16, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 15
Views: 1069

Re: Strange Life insurance product - keep or dump?

You say that there are no fees. If that is what the insurance person told you, he is lying. The fees may be well hidden, or called something else, but they are being paid. Ralph I agree with Ralph. There must be fees. "Fees" keep the policy in force and pay for the policy "upkeep" and administrativ...
by mickeyd
Mon Jan 15, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Dow 30,000 S&P 3000, Nasdaq 10,000
Replies: 36
Views: 3755

Re: Dow 30,000 S&P 3000, Nasdaq 10,000

I follow the S&P500. Can you shoot me the number that I will need to look for in order to know when to sell most of my equity assets?
by mickeyd
Mon Jan 15, 2018 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Strange Life insurance product - keep or dump?
Replies: 15
Views: 1069

Re: Strange Life insurance product - keep or dump?

There must be a monthly or annual deduction from the values to keep this policy in force since they are not making payments. The question is, is it better to cash it in and invest the receipts in a low cost fund like the Total Stock market Index which would eliminated the cost of insurance as well a...
by mickeyd
Sat Jan 13, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 154
Views: 12428

Re: How does everyone keep track of your portfolio?

I'm kinda proud of the spreadsheet design and always looking for things I can add easily to it. :happy
If those are real numbers, I'd suggest deleting them or making them fake after stating so.

I don't think that it is ever a good idea to post ones actual balances online.
by mickeyd
Tue Jan 09, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ever win the game?
Replies: 50
Views: 5132

Re: Can you ever win the game?

It's quite possible that they will be scaled down, and means testing of SS and Medicare are concerns. Assuming that those programs remain at least as good as they are today is a risky assumption. I don't see any reduction in these plans (MC/SS) until current federal welfare programs have been serio...
by mickeyd
Mon Jan 08, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 153
Views: 17250

Re: TurboTax Prices

I found TT Premier for $59.99 on the Vanguard site and if you are a member of USAA for $44.99
I used TT Premier last year that I got from USAA. Will probably do the same this year, but will wait until the buying mania quiets down. Maybe a lower price will pop up later on.
by mickeyd
Mon Jan 08, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can you ever win the game?
Replies: 50
Views: 5132

Re: Can you ever win the game?

RE: OP

Sure. Look at me. If I can do it, it can't be that difficult.

As Dr. Bernstein has noted "Dieting and investing are both simple, but neither is EASY."
by mickeyd
Sat Jan 06, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Should my girlfriend keep her life insurance policy?]
Replies: 4
Views: 363

Re: [Should my girlfriend keep her life insurance policy?]

Depends what the cash will be invested in. If there is no immediate need for the money and it would be dropped into a savings account, for instance, it may pay her to keep the LI if it yields more (say 3%). She can always surrender it at any time in the future. Sometime these old WL policies pay to ...
by mickeyd
Mon Jan 01, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Could someone explain fees to me?
Replies: 10
Views: 1196

Re: Could someone explain fees to me?

Highly recommend sending her a link to the episode John Oliver did on Last Week Tonight on high-fee 401k plans, (not) coincidentally featuring John Hancock. As with everything else the show has covered, it's profane, hilarious, and a perfect introduction to the topic. https://www.youtube.com/watch?...
by mickeyd
Sat Dec 30, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Could someone explain fees to me?
Replies: 10
Views: 1196

Re: Could someone explain fees to me?

Employers often match a certain percentage of whatever an employee contributes to the plan. This is often 2-4%. This should be taken into account when making such decisions.
by mickeyd
Sat Dec 30, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 95
Views: 5710

Re: Keeping a checkbook register

Maintaining a check register makes total sense. Riding herd on your debits and credits is essential in business, so why not in your personal life? We seldom write a paper check, but pay all bills online automatically as many other folks do. I have always reconciled my checking account monthly and pr...
by mickeyd
Sat Dec 30, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Could someone explain fees to me?
Replies: 10
Views: 1196

Re: Could someone explain fees to me?

As Steve Martin said in "The Jerk", "Oh, so it's a money-making deal". Yes it is, and the Third party Administrator (TPA) thanks them for it every day.
by mickeyd
Sat Dec 30, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.
Replies: 39
Views: 6591

Re: Jack Bogle’s 5 bold investment predictions for 2018 and beyond.

I find predictions/projections like this of little value, even if they come from Jack. I plan to take no actions in my AA due to this revelation. Staying @ 45/45/10.
by mickeyd
Thu Dec 28, 2017 5:48 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine
Replies: 41
Views: 6219

Re: Jack Bogle and Vanguard’s $5,000,000,000,000 Question - Philadelphia Magazine

If VG is getting too large, all of you guys need to consider bailing out and swimming over to the Fido boat over there. I will be glad to stay until the last of you have departed and I will also turn to lights out when I finally bail out.
by mickeyd
Sun Dec 24, 2017 5:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Federal MM e/r increase
Replies: 2
Views: 501

Re: Vanguard Federal MM e/r increase

Thanks for that info Doc. I also noticed that PMMF now has a SEC Yield of 1.34%. It has not been in that neighborhood for quite a while.
by mickeyd
Sat Dec 23, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: Saving for the crash
Replies: 58
Views: 7317

Re: Saving for the crash

a bunch of people were saying that they're setting aside a large amount of cash for the next big market crash


Who are these people?

Have them report to me immediately!
by mickeyd
Sat Dec 23, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Naval Officer looking ahead to retirement
Replies: 10
Views: 1077

Re: Naval Officer looking ahead to retirement

healthcare costs will stay somewhat locked in due to Tricare for Life. Unless you are age 65, you will not be eligible for TFL until age 65. You will have to sign up for Tricare Prime (or whatever it is called now) UNTIL AGE 65. - My Roth is actively managed and I think I am getting killed on fees ...
by mickeyd
Sat Dec 23, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7237

Re: Are Roth IRAs overrated?

zz4 wrote:
Sat Dec 23, 2017 1:32 pm
Am I right in thinking that starting a Roth would not benefit me at this point as we're at the top or near the top of the tax brackets?
Why do you think that?
by mickeyd
Sat Dec 23, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Medicare Medical Insurance
Replies: 21
Views: 1319

Re: Medicare Medical Insurance

Looks like $134 is the new normal. I remember when the charge was $99 several years ago. DW has a new rate of only $121 because her SS income is so low. All of her 2% raise went for Medicare premium increase. The best thing to do in 2018 is to get very sick and run up your expenses so that Medicare ...
by mickeyd
Sat Dec 23, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Are Roth IRAs overrated?
Replies: 77
Views: 7237

Re: Are Roth IRAs overrated?

There are few places to legally invest your stash and not have to share any part of the growth with the Feds. Roth is my favorite investment and I am sorry that all of my stash is not in my Roth account.
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: 3961

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: 3697

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: 6154

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: 2522

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: 20532

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: 3817

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: 8028

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: 8028

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: 4034

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: 4698

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: 5027

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: 5027

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: 290
Views: 25751

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: 5027

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: 1860

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: 299

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: 1287

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: 5178

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: 14369

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: 6281

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: 1074

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: 606

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: 1260

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: 624

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: 1097

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...