Search found 180 matches

by smectym
Fri Sep 21, 2018 11:31 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 110
Views: 8179

Re: Did you really have something to retire to?

Something generally pops up. After a career in law I’m volunteer teaching Latin and AP English at a private high school...but had no idea that was on the cards when I left the firm. Agree with the general tenor of comment above that retirement is its own good. But if you’re anxious about “having som...
by smectym
Sun Sep 16, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: WSJ print edition renwal time - any discounts?
Replies: 59
Views: 3552

Re: WSJ print edition renwal time - any discounts?

WSJ has been free for many years just change the date at the end online.wsj.com/public/resources/documents/print/WSJ_-A001-20171104.pdf that's why I do now...no need to buy it...unless you want all the digital info too. OP wants the print edition, as his post makes clear. Does “just change the date...
by smectym
Sun Sep 16, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: WSJ print edition renwal time - any discounts?
Replies: 59
Views: 3552

Re: WSJ print edition renwal time - any discounts?

I’d go with this (Amazon) deal, I think this is about what we pay. $119 for 1 year (print + digital)

https://www.amazon.com/Wall-Street-Jour ... ywords=WSJ

Smectym
by smectym
Sun Sep 16, 2018 12:22 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 10994

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

With all sincerity, it is so cool when someone has the right fit and really thrives and enjoys their work. I like to call that a vocation. It seems fairly rare. Personally, I ended up in law by default because back in the day someone who had high academic performance, at least in my world, gravitat...
by smectym
Sat Sep 15, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 107
Views: 7381

Re: Delaying Social Security Until 70

>"We were fortunate that we fell under the old rules that allowed us to do the file/suspend/restricted route, which gave my wife a total of just over $60k while she waited for her own age 70 benefit." Agree with Ron, if a couple is grandfathered in to the old regime, the math for one spouse taking i...
by smectym
Fri Sep 14, 2018 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?
Replies: 21
Views: 2854

Re: Any issues keeping <$1MIL in VMFXX (Money Market Fund)?

Try VUSXX Vanguard Treasury money market. 1.97% yield, only slightly below VMFXX (2.09%). And state tax free, so effective yield in a high tax state will be higher. VUSXX should be safer than FDIC accounts. Agree with SMI. If OP’s concern is safety Treasury Money Market is the safest, and is not su...
by smectym
Fri Sep 14, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: WSJ print edition renwal time - any discounts?
Replies: 59
Views: 3552

Re: WSJ print edition renwal time - any discounts?

I keep subscribing to the print edition of WSJ for old times sake. Living in a fairly rural area I’m amazed they still deliver. FT won’t, NYT won’t.

Smectym
by smectym
Fri Sep 14, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus more?
Replies: 22
Views: 3045

Re: Anyone using VanguardAdvantage with free checking, Visa Gold Debit/ATM, electronic bill pay, direct deposit, plus mo

I have both brokerage accounts and mutual fund accounts with Vanguard. With the mutual fund accounts I can use mobile check deposit and then move the money online easily to the brokerage accounts. I love Vanguard Advantage. It is pretty cool to get some sort of return on my checking account rather ...
by smectym
Fri Sep 14, 2018 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Money market vs Bond funds
Replies: 10
Views: 1208

Re: Money market vs Bond funds

As long as the Fed continues to hike short-term interest rates, an overweight allocation to money market funds vs. bonds is a reasonable investment decision. And if your investment horizon is shorter, then that reinforces the argument.

Smectym
by smectym
Fri Sep 14, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6514

Re: Lower Return Decade Says Jack: Thoughts?

Yes, lower return is EXPECTED. Actual return could be much higher or much lower. On the other hand, CD would ensure low return. So true, and with hindsight I’d have gone 100% equity in March 2009. But then and now we have held a healthy slug of CD’s and other non-fluctuating-principal instruments (...
by smectym
Mon Sep 10, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Money Market vs CD vs Bond fund vs .... Cash
Replies: 11
Views: 2554

Re: Money Market vs CD vs Bond fund vs .... Cash

All of the above—cash cash equivalents, near-cash (i.e. very short term bond funds) can play a role, and I’d add Treasury bills. Leaving to one side the “one right answer excluding all others” to the question “How much of ones portfolio should be in cash,” the time is right now to be sure that whate...
by smectym
Sat Sep 08, 2018 11:32 pm
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 49
Views: 3531

Re: Go to Istanbul next week. Any suggestions

My first suggestion is to read the State Department Travel Advisory. https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/turkey-travel-advisory I’d also make it a point to keep apprised of regional news developments, including the war in Syria, adjacent to Turkey. Search ter...
by smectym
Sat Sep 08, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8101

Re: Scaring the Old Folks

Never mind us eating out, our last kid is still in law school...he doesn’t “eat out” much but GrubHub, UberEats, and half a dozen other delivery services see to it that he won’t starve. That adds up. The relevant point being, perhaps quite a few retirees have expense issues unrelated to their own sp...
by smectym
Sat Sep 08, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score [What changes your credit score?]
Replies: 42
Views: 3379

Re: Credit Score [What changes your credit score?]

We charge a lot on credit cards but always pay the balance in full every month--actually, SEVERAL TIMES a month, because FICO will lower the score immediately once they notice the balance creeping up...even if the payment deadline is still several weeks away. The only way to get them to back off is ...
by smectym
Tue Sep 04, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"
Replies: 52
Views: 4894

Re: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"

Taylor raises a valid concern. However, this topic is also grist for the mill of “cognitive decline” witch-hunts disguised these days in the medical context as “wellness evaluations”; and prospective heirs are now regularly counseled in euphemistically couched pop finance articles to “start the conv...
by smectym
Sat Sep 01, 2018 2:32 am
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 4968

Re: Will I ever sell Ibonds from 2001 - 3% fixed

Seems like quite a few were instigated under the influence of this forum to load up on I bonds way back when...I plead guilty. Don’t have 7 figures in I bonds as one poster above claims, but high 6 yes. Viewed from today, after one of the greatest stock market rallies in world history (and not over ...
by smectym
Wed Aug 29, 2018 1:08 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11208

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Add the supposedly bedrock principle that “CD’s offer higher yields than treasuries.” This assertion has been bandied about in several threads. Upon interrogation, it turns out that proponents of this maxim have in mind solely *brokered* CD’s (and only of certain maturities); not the typical bank CD...
by smectym
Wed Aug 29, 2018 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.
Replies: 80
Views: 13516

Re: Retiring. 28 y.o. $5M in cash. Asking for advice for portfolio.

I defer to the superior wisdom of the crowd on this board, however, if I were 28 I’d be terrified of having to live a standard lifespan with only $5M in fiat-currency-denominated investments. A lot can happen. The next 50 years might be more rough-and-tumble than the last. OP, can you pull other rab...
by smectym
Tue Aug 28, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is Treasury Direct worth the hassle?
Replies: 52
Views: 4721

Re: Is Treasury Direct worth the hassle?

I like TD and use it a lot now that rates are rising. However: Back in days now lost in the mists of remote antiquity, when we were still buying savings bonds like mad, before Treasury sharply restricted the purchase limits: we had an account in my name; another in my spouse’s name; and an entity ac...
by smectym
Sun Aug 26, 2018 7:29 am
Forum: Investing - Theory, News & General
Topic: 2-Year Treasury Note Auction
Replies: 86
Views: 7365

Re: 2-Year Treasury Note Auction

Excellent and informative thread. However: what have we learned? I just buy the 2 year on Treasury Direct. Is that naive approach disadvantageous?

Smectym
by smectym
Sun Aug 26, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5653

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

I’d ringfence the college money into a 529 assuming the kid has enough years before college to allow room for assets to grow with some allocation to equities. If the child is only a few years away, don’t bother with 529. Other than that, at this point in the cycle one could do worse than holding $3....
by smectym
Sun Aug 26, 2018 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's Certified Advisors: New? Young? Okay? Please Help!
Replies: 52
Views: 3130

Re: Vanguard's Certified Advisors: New? Young? Okay? Please Help!

As a former client, my understanding is that Vanguard PAS advisors, with no knock to their individual potentialities in the world at large, are widgets as to what they will (must) recommend re allocation of PAS client funds. They will follow the Vanguard-imposed robo allocation, while providing a “h...
by smectym
Sat Aug 25, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: TIPS Versus Nominal Bonds
Replies: 46
Views: 3976

Re: Larry Swedroe: TIPS Versus Nominal Bonds

If you hunt around in the world of brokered CD’s or luckily run across a special bank or credit union promo, you *might* find a product with a better yield than the same-term treasury equivalent. But there is no general law that CD’s yield more than treasuries (far from it). Therefore, no need to c...
by smectym
Sat Aug 25, 2018 10:59 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: TIPS Versus Nominal Bonds
Replies: 46
Views: 3976

Re: Larry Swedroe: TIPS Versus Nominal Bonds

b. Why do CDs yield more than Treasuries? If the market is efficient and they are both basically riskless, why does one yield more than the other? Possible factors: While CDs have FDIC protection, they are still less safe than Treasuries. (FDIC might fail, there is a delay in getting money when ban...
by smectym
Sat Aug 25, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 25754

Re: Don’t cheat yourself with the 4% rule

Re SPIA’s in ones ‘50’s or early ‘60s: consider fixed term annuities tailored to specific income planning needs rather than far more expensive COLA-linked-for-life. If you’re 56 and your goal is to bridge the gap to SS at FRA, just buy a 10- year fixed term SPIA. The monthly income generated by a gi...
by smectym
Wed Aug 22, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 97
Views: 6091

Re: Vanguard Customer Service

I echo the comments about poor customer service but this is also a plea for assistance: Has anybody tried to send a message to their Flagship Rep (or to anyone else at Vanguard) using the Vanguard message center? In the past I've managed it but lately no matter what I put in the message I get the er...
by smectym
Sun Aug 19, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 24
Views: 6491

Re: Anyone Pulled the Trigger on Global Wellington/Wellesley?

Bought Global Wellesley shortly after inception. Monitoring it has been watching paint dry. Zzzz...Zzzz... I guess that’s what I like about it

Smectym
by smectym
Wed Aug 15, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 15
Views: 1917

Re: More cash instead of bonds

Keeping in mind the concept of RAR (Risk Adjusted Return), when you can get 2.6% on a 2-year note, I’d suggest that is a superior RAR to 2.8% on a 10-yr, to say nothing of 3.1% or whatever on the 30-year. Short duration treasuries are the right play, period. “Stay the Course” on long bonds if you mu...
by smectym
Tue Aug 14, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1049
Views: 81271

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

The idea that “staying the course” is a Boglehead mantra that indisputably applies to international investing is obviously flawed. There is a substantial division of opinion as to the wisdom of a separate allocation to international equities and an even sharper divide re international bonds. Within ...
by smectym
Tue Aug 14, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 8111

Re: Is it possible to change one's career in their 40s?

CobraKai, Yes it can be done. Have you considered law? Law schools don’t blink at age 40. Assuming you score well on the LSAT, and therefore can get into a highly ranked law school, it’s worth considering as a viable career path. While what you say about “ageism” in IT and elsewhere certainly contai...
by smectym
Sun Aug 12, 2018 1:18 am
Forum: Investing - Help with Personal Investments
Topic: 32 yrs old, lost, and needing guidance
Replies: 29
Views: 2760

Re: 32M lost and needing guidance

I think you are doing fine. >>I agree that at 3.7% you are better off paying minimum on the student loans and instead putting extra to work in the market.<< Not sure about this advice. I suspect many on this forum would seriously consider a risk-free investment that delivered 3.7%. That’s what OP g...
by smectym
Sun Aug 12, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4631

Re: How to have “what if” discussion with retired parents?

I agree that clear documentation of where the money is and how surviving spouse can access it if need be should be available to spouse. On the other hand, the kids have no such presumptive right to a roadmap of assets, account numbers, passwords etc. All these threads and articles one sees popping u...
by smectym
Sun Aug 12, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 7242

Re: Private Banking is a trap. Don't do it!

Why are so many posters worried about being rude to people who are trying to take their money from them? A few years back an in-law (an attorney, and a smart guy) called me up, I think at his wife’s (i.e. my sister’s) suggestion, to discuss his rocky investment situation. We covered a number of top...
by smectym
Sun Aug 05, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15451

Re: Will you pay for your kids' college/graduate education?

We paid for undergrad and the kid did quite well. He’s going to a top 15 law school and we’re paying for that too. But 529 covered a good chunk of college and a separate 529 will cover law school with plenty to spare, due to an unexpected scholarship in the form of an out of state tuition waiver. Pa...
by smectym
Sun Aug 05, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4810

Re: Dear BH, what are non-BH actions you do?

I do own one or two individual stocks. However, I don't recommend that, even to myself. I invested in Prosper. I made money but still, I quit that and I am drawing a "pension" out of it, gradual withdrawal. Don't practice so-called "tough love" on my kids. And, worst of all, I hold "too much" in cas...
by smectym
Sat Aug 04, 2018 1:03 am
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2522

Re: $100k Liquid, 21, no college education

No point going to college now unless you’re planning to major in Classics. Within the lens of this forum, if you’re making money doing what you’re doing, go right on doing it. The Boglehead Way

Smectym
by smectym
Fri Aug 03, 2018 2:29 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

A note on Fidelity strategy: on their website, the breathless blurb on the Zero funds floats tantalizingly above a pitch for their advice service, which nicks you for 0.25 or so. Retail investor [=CONSUMER] brain: “Hey, wow, if I’m paying like ZERO for the fund then that frees up budget for me to p...
by smectym
Fri Aug 03, 2018 1:57 am
Forum: Investing - Help with Personal Investments
Topic: Moving IRAs to Vanguard, advice
Replies: 21
Views: 2035

Re: Moving IRAs to Vanguard, advice

Apart from all the substantive allocation advice above: watch out on the nuts and bolts of the transfer. My spouse has a large IRA, rolled over from her workplace plan at retirement. At my suggestion, she wanted to transfer 10% of it to Vanguard for a test drive (she was interested in a simpler plan...
by smectym
Fri Aug 03, 2018 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

A note on Fidelity strategy: on their website, the breathless blurb on the Zero funds floats tantalizingly above a pitch for their advice service, which nicks you for 0.25 or so. Retail investor [=CONSUMER] brain: “Hey, wow, if I’m paying like ZERO for the fund then that frees up budget for me to p...
by smectym
Fri Aug 03, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

A note on Fidelity strategy: on their website, the breathless blurb on the Zero funds floats tantalizingly above a pitch for their advice service, which nicks you for 0.25 or so. Retail investor [=CONSUMER] brain: “Hey, wow, if I’m paying like ZERO for the fund then that frees up budget for me to pa...
by smectym
Fri Aug 03, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

TIAX, I think the sentiment in the replies is that assuming you don’t incur any transaction costs or taxable capital gains in switching to the new Zero funds, yes, have at it, go ahead. Make the switch. Do it. No downside. All upside. If the assumptions are wobbly or wrong, then maybe think twice. ...
by smectym
Thu Aug 02, 2018 11:26 pm
Forum: Investing - Theory, News & General
Topic: Interesting Take on the 3 Fund Model
Replies: 66
Views: 3164

Re: Interesting Take on the 3 Fund Model

CentennialState, good job doing your own thinking on portfolio construction. You’re pretty smart, so it wouldn’t surprise me to learn you weren’t completely wide eyed and innocent when you first posted here. There is formidable wisdom on this board, and that wisdom has coalesced around a particular ...
by smectym
Thu Aug 02, 2018 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

Sorry, perhaps my above reply should have have been directed to Mark2614

Smectym
by smectym
Thu Aug 02, 2018 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4145

Re: Time to invest in Fidelity's new zero fee funds?

TIAX, I think the sentiment in the replies is that assuming you don’t incur any transaction costs or taxable capital gains in switching to the new Zero funds, yes, have at it, go ahead. Make the switch. Do it. No downside. All upside. If the assumptions are wobbly or wrong, then maybe think twice. S...
by smectym
Wed Aug 01, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 737
Views: 69915

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

Vanguard is great, I've been with them forever, but agree with a few other commenters: investors should not let some sentimental attachment to Vanguard affect the investment decision-making process. If we liked Vanguard back when it was "cheapest," and now Acme is "cheapest," we should now like Acme...
by smectym
Wed Aug 01, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: 1.9 M windfall. My plan; input requested
Replies: 30
Views: 4673

Re: 1.9 M windfall. My plan; input requested

Congratulations and best of luck to OP and OP's loved ones and I like a lot of elements in the plan presented. We just made a sociopolitical decision to pay all of our kid's college at the school he decided to go to, which oddly turned out not to be one of the several that had offered a substantial ...
by smectym
Tue Jul 31, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6638

Re: Retirees: how much cash?

I define cash more broadly to include other types of assets with no principal fluctuation such as savings bonds and CD’s, as well as standard cash equivalents such as money market funds and checking account balances. And on that more expansive definition we have a lot of it sloshing around. We’ve be...
by smectym
Tue Jul 31, 2018 12:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios (2 months in)
Replies: 27
Views: 2619

Re: Schwab Intelligent Portfolios (2 months in)

There are two issues re Schwab Intelligent Portfolios (“SIP”) and cash. Issue 1 is how much of the portfolio SIP allocates to cash. This post doesn’t address Issue 1. Issue 2 is the low interest rate SIP pays in cash in its compulsory so-called “bank money market account” vs. other firms, e.g. Vangu...
by smectym
Mon Jul 30, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 20990

Re: I’m still not a fan of international bond funds

And Vanguard implicitly analogizes the “no to international bonds (‘IB’)” movement to the allegedly irrational spike in preventive disease vaccination refusals, it seems. A fascinating thread, one of the best I’ve seen on this forum, and the breadth of insight on both sides of the issue is impressiv...
by smectym
Mon Jul 30, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: I’m still not a fan of international bond funds
Replies: 213
Views: 20990

Re: I’m still not a fan of international bond funds

And Vanguard implicitly analogizes the “no to international bonds (‘IB’)” movement to the allegedly irrational spike in preventive disease vaccination refusals, it seems. A fascinating thread, one of the best I’ve seen on this forum, and the breadth of insight on both sides of the issue is impressiv...