Search found 71 matches

by donttreadonme
Tue Nov 12, 2013 12:27 pm
Forum: Personal Investments
Topic: 100 Percent Equity Asset Allocation
Replies: 36
Views: 7600

Re: 100 Percent Equity Asset Allocation

I'm in my mid-20's and sit at 100% equities. However, in Bogle's Common Sense on Mutual Funds, John lays out a strong argument backed by data for doing 90-95% equities max, regardless of age. Unfortunately I don't have the book in front of me, but if you're interested in reading through hundreds of ...
by donttreadonme
Mon Apr 02, 2012 5:24 pm
Forum: Personal Consumer Issues
Topic: Online bill pay
Replies: 70
Views: 5106

Re: Online bill pay

+1, lightheir. It is a risk/benefit ratio analysis and for me the benefits of the convenience, time, and cost savings of avoiding late fees due to a missed payment have greatly exceeded the small risk of letting go of control.... that small risk has not been realized in 10 years of doing this and i...
by donttreadonme
Wed Mar 28, 2012 7:30 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

Your exaggerations are destroying your credibility. Let's leave the ad hominem attacks at the door. I have accounts with four major banks, six major brokerages, four major credit unions and NONE of them require an email exchange when I log in to do transactions including transferring money between ...
by donttreadonme
Wed Mar 28, 2012 5:48 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

I don't know of any financial sites that use email actively in the management of the account, aside from sending activity notifications. I can't remember any case where Vanguard requires me to use email to complete an action on my account. My credit union sends me an email with a passcode every tim...
by donttreadonme
Wed Mar 28, 2012 3:44 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

So instead of "a dedicated hacker will be successful 100% of the time" which is demonstrably untrue based on the fact that there are many unsuccessful dedicated hackers sitting in jail cells... If they are sitting in jail, wouldn't that mean they *were* successful? And I said exactly what...
by donttreadonme
Wed Mar 28, 2012 3:06 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

If that were true, every financial institution would have been hacked by now. I would actually be surprised if that weren't the case. Most large sites are hacked in some way daily. It may not be account numbers or anything like that, but I would be surprised if most financial institutions didn't ha...
by donttreadonme
Wed Mar 28, 2012 3:03 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

I know what you're trying to say, but IMO you've overstated it considerably. If that were true, every financial institution would have been hacked by now. What you probably meant to say was that a dedicated hacker with unlimited time and unlimited resources will be successful 100% of the time. Howe...
by donttreadonme
Wed Mar 28, 2012 2:06 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

The reason a dedicated PC approach reduces risk of infection is because the PC isn't used for day-to-day web browsing or to read email. It's only used to access investment accounts. As a result, there's zero chance that the PC can get a virus from an email attachment and the only way the PC could g...
by donttreadonme
Wed Mar 28, 2012 10:41 am
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

Personally, I'd much rather be "ridiculous" with a dedicated banking virtual machine, than broke due to malware getting on my system and the bank saying "well, if you read our terms and conditions, you would see that you're fully liable for all losses resulting from the compromise of...
by donttreadonme
Mon Mar 26, 2012 8:26 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

First, I think having my credit card compromised is much different than having my investment accounts drained. There are very good consumer protections for credit card fraud. The situation is much murkier for break-ins to investment accounts. If I can show that I went the extra step of using an inv...
by donttreadonme
Mon Mar 26, 2012 2:45 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

I cited the the law that covers banks, but I'm certain that it doesn't apply to non-bank financial institutions. Can you cite a consumer protection law that covers online fraud on investment accounts? Jim You are correct. Does everything else I've said check out with you? I'm quite certain that mor...
by donttreadonme
Mon Mar 26, 2012 1:56 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

Are you saying that people shouldn't worry about their computers getting infected with viruses? We're talking about viruses that compromise the trust relationship between a computer user and their financial institution. We're not speculating about the robustness of the SSL protocol or the security ...
by donttreadonme
Mon Mar 26, 2012 12:04 pm
Forum: Personal Consumer Issues
Topic: Setting up an investments only PC
Replies: 90
Views: 8045

Re: Setting up an investments only PC

I'm sorry everyone, but this thread is beyond ridiculous. Worrying this much about online transactions is a waste of your time. Every day millions, if not billions of dollars in transactions are executed over the same HTTPS connection that you get when you log into Vanguard or any other secure websi...
by donttreadonme
Tue Mar 20, 2012 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: 6% high interest savings account...
Replies: 4
Views: 1442

6% high interest savings account...

...In Australia: https://secure2.ubank.com.au/ub/web/usa ... s-overview

Can someone explain to me how interest rates are very low around the world yet many Australian banks are offering 6%? Am I missing something?
by donttreadonme
Fri Feb 03, 2012 10:29 am
Forum: Personal Investments
Topic: Max out Roth vs TSP
Replies: 18
Views: 3275

Re: Max out Roth vs TSP

With a salary that high, he cannot contribute to a Roth IRA. Sure he can. Easily, if married. With sufficient taxed deferred and tax exempt income, if single. The limits are based on your modified adjusted gross income (MAGI). Ugh, I really need to go from engaged to married. Will be nice to save o...
by donttreadonme
Thu Feb 02, 2012 10:20 pm
Forum: Personal Investments
Topic: Max out Roth vs TSP
Replies: 18
Views: 3275

Re: Max out Roth vs TSP

As a previously active duty doctor, the answer is definitively ROTH. But the better question, is why can't you max out both? On a salary of $120-140K, two Roths and the TSP is only $26.5K, around 20% of your income, which you should be saving With a salary that high, he cannot contribute to a Roth ...
by donttreadonme
Thu Feb 02, 2012 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Hit By Online Banking Hacker - Change Login ID and Passwords
Replies: 74
Views: 8113

Re: Lastpass Security

But the point remains, Lastpass, or Lastpass under threat from the government, or a hacker that compromised certain aspects of their systems could access everything in your vault if they chose to. Lastpass is a large and potentially very valuable target, as a successful attack would net hundreds/th...
by donttreadonme
Thu Feb 02, 2012 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Hit By Online Banking Hacker - Change Login ID and Passwords
Replies: 74
Views: 8113

Re: Lastpass Security

But the point remains, Lastpass, or Lastpass under threat from the government, or a hacker that compromised certain aspects of their systems could access everything in your vault if they chose to. Lastpass is a large and potentially very valuable target, as a successful attack would net hundreds/th...
by donttreadonme
Wed Feb 01, 2012 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Hit By Online Banking Hacker - Change Login ID and Passwords
Replies: 74
Views: 8113

Re: Lastpass Security

It would be impossible for LastPass to somehow implement an update that would retroactively decrypt your stored hashes and retrieve them. This isn't correct. Lastpass has your password database encrypted with a hash derived from your password. All they would need to do is update the plugin (extensi...
by donttreadonme
Wed Feb 01, 2012 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Hit By Online Banking Hacker - Change Login ID and Passwords
Replies: 74
Views: 8113

Re: Lastpass Security

For the record, LastPass encrypts everything on your machine (so a site breach would not reveal your passwords)... Imagine the scenario where Homeland Security knows there's a bomb in a city that will explode in 24 hours. They need the terrorist's username/password to disarm it. The terrorist is ac...
by donttreadonme
Wed Feb 01, 2012 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hit By Online Banking Hacker - Change Login ID and Passwords
Replies: 74
Views: 8113

Re: Hit By Online Banking Hacker - Change Login ID and Passw

Dont your banks issue you with those little clicker devices that give you different secure codes every time you log in over there? This is rarely used by USA banks. It should be used, but either the lawyer (to say the terms and conditions say the client is responsible for keeping their computer cle...
by donttreadonme
Wed Dec 21, 2011 9:05 pm
Forum: Personal Consumer Issues
Topic: Cheap Verizon talk only phone
Replies: 10
Views: 1696

Re: Cheap Verizon talk only phone

You should check out straight talk. You can get an android smart phone, full data, for $45 a month. Their talk and text only plans are even less.

Straight talk service runs on the Verizon network. www.straighttalk.com
by donttreadonme
Wed Dec 21, 2011 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Saving $ to pay cash for a house....where should I put it?
Replies: 20
Views: 4607

Re: Saving $ to pay cash for a house....where should I put i

Every four months, I purchase a $20,000 Ally 5-Year CD. I'll be buying my fourth such CD in January. If you're able to save $5k a month towards this one goal alone, I'd think you can take a little more risk for a little more return by investing in a bond index fund. If the value drops over a long t...
by donttreadonme
Wed Dec 21, 2011 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Saving $ to pay cash for a house....where should I put it?
Replies: 20
Views: 4607

Re: Saving $ to pay cash for a house....where should I put i

I'm currently saving for a house using the Vanguard GNMA fund (VFIIX). I worked on paying off all my debt this year so I just kept it in my Roth IRA and plan to max it out before the 2011 contribution time limit. Much better return than a savings account, not that risky especially over a couple of y...
by donttreadonme
Tue Dec 20, 2011 11:29 am
Forum: Personal Consumer Issues
Topic: Laptop keeps shutting down for no reason
Replies: 23
Views: 2618

Re: Laptop keeps shutting down for no reason

Looks like I can get a replacement fan online for about $30 or so. Not sure where I good place is to shop for these things. Laptop is a Lenovo about 3-4 years old. I've been building & repairing PC's for 7 years now. For starters, don't go to geek squad. They are overpriced, and they suck regar...
by donttreadonme
Fri Dec 16, 2011 12:03 pm
Forum: Personal Consumer Issues
Topic: Email and changing ISP
Replies: 32
Views: 2828

Re: Email and changing ISP

I am reminding him that the company's security is a good reason for this requirement for company related email. It is likely that the company's security would actually benefit from choosing Gmail. Exceptions of course should be made for those dealing with HIPAA, certain PII, and other legal and reg...
by donttreadonme
Thu Dec 15, 2011 9:36 pm
Forum: Personal Consumer Issues
Topic: Email and changing ISP
Replies: 32
Views: 2828

Re: Email and changing ISP

tbradnc wrote:
For work I absolutely have to have a desktop client.
What is the reasoning behind this? I can't think of many features of a desktop client that do not exist in Gmail. My assumption would be that your job has outdated requirements or is simply unaware of the benefits of choosing an alternative.
by donttreadonme
Tue Dec 13, 2011 7:01 pm
Forum: Personal Consumer Issues
Topic: Email and changing ISP
Replies: 32
Views: 2828

Re: Email and changing ISP

I don't think I can emphasize enough the benefits of moving to a webmail provider (Gmail is the clear winner) at this time. There is no reason to use a desktop email client in 2011 and beyond.
by donttreadonme
Mon Dec 12, 2011 1:18 pm
Forum: Personal Consumer Issues
Topic: Stronglifts 5x5 program
Replies: 32
Views: 5337

Re: Stronglifts 5x5 program

My 2 cents: 1.) Start lighter than you think you need to, and focus on proper form , not weight. If you don't know proper form, go to bodybuilding.com and watch the videos for each exercise. It never hurts to have a gym buddy to workout with who will make sure you are doing everything right as well ...
by donttreadonme
Fri Dec 09, 2011 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to Colorado
Replies: 18
Views: 2750

Re: Relocation to Colorado

Exige wrote:Colorado is amazing I love it here and will never leave! best reason :P

Wouldn't have guess by looking at the picture haha
by donttreadonme
Thu Dec 08, 2011 8:18 pm
Forum: Personal Consumer Issues
Topic: The Term "SUV"
Replies: 45
Views: 3791

Re: The Term "SUV"

But all the data basically will show that an equivalent station wagon is 1. Lighter 2. Safer 3. More fuel efficent 4. Roomier 5. Cheaper to buy, mantain, own, insure, IE everything costs less 6. Better in all performance aspect (speed, acceleration, braking, cornering, handling, rollover) 7. More r...
by donttreadonme
Tue Dec 06, 2011 6:27 pm
Forum: Personal Consumer Issues
Topic: I fear all we have done....
Replies: 15
Views: 3105

Re: I fear all we have done....

I was sent this video by a Marine friend today. Not exactly related to OP's post, but it's still good. http://www.youtube.com/watch?v=mzB1ATc7SFk
by donttreadonme
Tue Dec 06, 2011 12:45 pm
Forum: Personal Investments
Topic: Investment Options for Farmer
Replies: 19
Views: 1353

Re: Investment Options for Farmer

The major corn/soybean states are up, up, up. Nebraska posted a 38% increase last year. Iowa around 32, Illinois is up similar, along with my homestate Indiana. I'm sure Ohio, MI, MN, WI are seeing similar increases, as well. I can't think of a reason for prices to fall for farmground in the last y...
by donttreadonme
Tue Dec 06, 2011 10:56 am
Forum: Personal Investments
Topic: Investment Options for Farmer
Replies: 19
Views: 1353

Re: Investment Options for Farmer

They have a lot of assets (they’ve told me that their net worth is $1 - $2 million), so I agree that professional help would be a good idea. What type of professional help did you have in mind? A CPA? A financial planner? I searched for fee-only financial planners in their area, but the options are...
by donttreadonme
Mon Dec 05, 2011 10:03 pm
Forum: Personal Investments
Topic: Investment Options for Farmer
Replies: 19
Views: 1353

Re: Investment Options for Farmer

I'm from a family of farmers as well. Generally there are a few main options: A) Sell the land and the equipment and live off the proceeds through the proper AA or an annuity. B) Sell the equipment, keep the land and rent it out for 1/3 of the profits C) Lease the land and equipment to children to t...
by donttreadonme
Sat Dec 03, 2011 11:29 am
Forum: Personal Consumer Issues
Topic: Computer backup solutions
Replies: 17
Views: 1241

Re: Computer backup solutions

Your choice on backup solution depends a lot of how much you have to backup. Are you only backing up a gigabyte or two of data, or are you backing up a terabyte?
by donttreadonme
Thu Dec 01, 2011 4:32 pm
Forum: Investing - Theory, News & General
Topic: ERE blog condemns index investing. Thoughts?
Replies: 14
Views: 3321

ERE blog condemns index investing. Thoughts?

As one of the younger guys on this forum, I read a lot of blogs about early retirement. One of the most well known is the Early Retirement Extreme blog. While the guy usually has some interesting points, I found today's blog posting to be quite backwards. Some (many?) people know that they don’t kno...
by donttreadonme
Wed Nov 09, 2011 10:28 pm
Forum: Personal Investments
Topic: Second property as an investment
Replies: 5
Views: 748

Re: Second property as an investment

I recently read on a real estate investing forum that one should only buy a house if they can cover all of those costs and throw off a positive cash flow every month at 100% financing. Now this doesn't mean you should go out and get 100% financing, it just means that if the house can produce a month...
by donttreadonme
Fri Oct 28, 2011 11:41 am
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect Wakes to 21st Century
Replies: 34
Views: 7185

Re: TreasuryDirect Wakes to 21st Century

Trust me, the big banks' and brokers' simple login process is a 100 times more secure than swiping your credit/debit card at a store. The Treasury Direct website's security is like airport security, "security theater", mostly for show to make people feel safe. No website is 100% safe, but...
by donttreadonme
Wed Oct 26, 2011 5:13 am
Forum: Investing - Theory, News & General
Topic: John Bogle says rebalancing oversold
Replies: 88
Views: 9730

Re: John Bogle says rebalancing oversold

I think I've read before that rebalancing does result in higher returns over the long term though so the first statement can't be completely correct. Larry Swedroe also said rebalancing usually lowers expected returns. See Rebalancing Myths That Need to Be Debunked Looks like I'll need to go back t...
by donttreadonme
Tue Oct 25, 2011 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect Wakes to 21st Century
Replies: 34
Views: 7185

Re: TreasuryDirect Wakes to 21st Century

Google has already added 2-factor authentication for gmail and apps if you authorize it. My Chase credit card will require either email or cell phone confirmation after I log in with my user/password on a new computer. Frankly, there's not that much consumer demand out there for this added security,...
by donttreadonme
Tue Oct 25, 2011 9:43 pm
Forum: Personal Investments
Topic: Prosper, LendingClub and Peer to Peer Lending
Replies: 24
Views: 6342

Re: Prosper, LendingClub and Peer to Peer Lending

I'd love to get involved with this but it is currently blocked in my state, as I'm sure it is for many other Bogleheads. Haven't done any research on it, but how are gains taxed? I imagine it is all short-term gains?
by donttreadonme
Tue Oct 25, 2011 9:38 pm
Forum: Investing - Theory, News & General
Topic: John Bogle says rebalancing oversold
Replies: 88
Views: 9730

Re: John Bogle says rebalancing oversold

Sounds to me like the main purpose for rebalancing is to calm our nerves when the market is volatile. I think I've read before that rebalancing does result in higher returns over the long term though so the first statement can't be completely correct.
by donttreadonme
Tue Oct 25, 2011 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect Wakes to 21st Century
Replies: 34
Views: 7185

Re: TreasuryDirect Wakes to 21st Century

Information security is taught to involve the CIA triad: Confidentiality, Integrity, and Availability. Treasury Direct was great at the first two, but terrible at maintaining availability. If authorized users can't access their own accounts, the system is useless. Hopefully their changes will impro...
by donttreadonme
Mon Oct 24, 2011 5:39 pm
Forum: Personal Consumer Issues
Topic: Which gadget for personal use in business travels?
Replies: 9
Views: 1200

Re: Which gadget for personal use in business travels?

From a security perspective, tablets are definitely not the way to go right now. Your best bet would be a laptop with full disk encryption via TrueCrypt as others have mentioned. Of course, that depends on your company's policies or if it is a personal computer.
by donttreadonme
Mon Oct 24, 2011 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: TreasuryDirect Wakes to 21st Century
Replies: 34
Views: 7185

Re: TreasuryDirect Wakes to 21st Century

Information security is taught to involve the CIA triad: Confidentiality, Integrity, and Availability. Treasury Direct was great at the first two, but terrible at maintaining availability. If authorized users can't access their own accounts, the system is useless. Hopefully their changes will improv...
by donttreadonme
Sun Oct 23, 2011 8:57 pm
Forum: Personal Investments
Topic: Pay off student loans?
Replies: 8
Views: 910

Re: Pay off student loans?

I predict most Bogleheads would recommend you pay off the student loans, especially at that interest rate. I was in your shoes earlier this year when I had a significant jump in income and savings. I am now debt free and working on building my savings back up. I am now less worried about any financi...
by donttreadonme
Sun Oct 16, 2011 10:19 am
Forum: Personal Consumer Issues
Topic: Any cities that fit most/all of these criteria?
Replies: 75
Views: 6180

Re: Any cities that fit most/all of these criteria?

Ill give you that Chicagoland and upstate NY are very different. However, if you exclude Chicago major metro, the suburbs and outer lands are much more similar there than compared to comparisons with upstate NY and nearly anywhere else in the country. I'll have to put my 2 cents in on this as well....
by donttreadonme
Sun Oct 16, 2011 9:58 am
Forum: Personal Investments
Topic: How are TSPers planning to use the Roth option?
Replies: 21
Views: 2098

I'm planning to stick solely with the traditional option. I am a GS-6 and max out my TSP now ($22,000). The result is that my biweekly take-home pay is just over $550. Opting for the Roth would make my take-home even lower. So you save $22k a year for retirement while only taking home $13,200? I'm ...