Search found 818 matches

by gasman
Mon Apr 05, 2021 7:30 am
Forum: Investing - Theory, News & General
Topic: shouldn't the feds position on interest rates suggest that we 'time' the bond market?
Replies: 48
Views: 4710

Re: shouldn't the feds position on interest rates suggest that we 'time' the bond market?

Given the lack of reward for extending maturities, I think that there is a good case to be made for "timing" the bond market. As a result, I hold most of my bond position as cash. Excluding TIPs.
by gasman
Sun Mar 14, 2021 6:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 220
Views: 22526

Re: Larry Swedroe: Munis Increasingly Risky

sold all my munis in 2020. All treasurys. mostly money market.
by gasman
Sun Mar 14, 2021 6:42 pm
Forum: Personal Investments
Topic: Put 10k into student loans, invest it, or keep as "dry powder?"
Replies: 7
Views: 638

Re: Put 10k into student loans, invest it, or keep as "dry powder?"

Wiggums wrote: Sun Mar 14, 2021 6:40 pm
lakpr wrote: Sun Mar 14, 2021 6:38 pm I would absolutely pay down that student loan. 4% guaranteed return is not something that's available elsewhere, and it is almost the same yield expected from a 60:40 mix of stocks and bonds over the next few years.
+1
I agree.
+2
by gasman
Tue Mar 09, 2021 8:59 pm
Forum: Investing - Theory, News & General
Topic: Are bond ETF's "safe" (Bernstein) - sounding board please
Replies: 125
Views: 8621

Re: Are bond ETF's "safe" (Bernstein) - sounding board please

Bill Bernstein wrote: Tue Mar 09, 2021 8:52 pm It's not that hard; in very bad states of the world (and I'm not talking about a year ago, I'm talking about late 2008),
Bill
Dr. Bernsein,

Do you have any comments about the current state of the markets?
by gasman
Tue Mar 09, 2021 5:42 am
Forum: Personal Investments
Topic: Preemptive panic selling
Replies: 28
Views: 2401

Re: Preemptive panic selling

Being able to sleep well is important.
by gasman
Sun Mar 07, 2021 9:45 am
Forum: Investing - Theory, News & General
Topic: Proper Asset Allocation for High Net Worth
Replies: 74
Views: 6516

Re: Proper Asset Allocation for High Net Worth

Depends on what one wants to do with the money and time horizon. Support loved ones or charities after death? Consume as much as possible till death?
by gasman
Fri Feb 19, 2021 4:47 pm
Forum: Investing - Theory, News & General
Topic: If bonds cost more (negative real yields), why don’t I want less of them?
Replies: 87
Views: 4666

Re: If bonds cost more (negative real yields), why don’t I want less of them?

Pleas explain this to me like I am 6 because this confuses me. If it is more expensive to hold bonds, then all thing equal, I should want less. How much less is of course relative to starting point. If bonds protect against risk, it is more expensive to buy that protection now. So I should want les...
by gasman
Sun Feb 14, 2021 8:34 pm
Forum: Investing - Theory, News & General
Topic: What was the Dot-Com bubble like?
Replies: 167
Views: 11536

Re: What was the Dot-Com bubble like?

While on vacation in 2000, I remember walking into a bar in the tourist area of San Fransisco during the day and seeing CNBC on the TV. Made a huge impression on me. Sold a (far too small) portion of my grossly tech heavy portfolio.
by gasman
Thu Feb 04, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Fifth Third HSA Transitioning to Optum HSA
Replies: 26
Views: 2023

Re: Fifth Third HSA Transitioning to Optum HSA

Has anyone successfully transferred their HSA from fifth third to fidelity since this announcement? If so how long did the transfer take? I sent the paper work about three weeks ago.
by gasman
Fri Jan 29, 2021 9:48 pm
Forum: Investing - Theory, News & General
Topic: We are NOT in a bubble
Replies: 165
Views: 21577

Re: We are NOT in a bubble

The boglehead philosophy is data driven. Some data suggests that equities are highly valued based on history. High valuations argue for lower future expected returns.
by gasman
Sat Jan 09, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does leasing a car ever make more sense than paying cash?
Replies: 48
Views: 4790

Re: Does leasing a car ever make more sense than paying cash?

If you like driving a new car every 2-3 years, knowing that it is not the most economical way to drive, leasing is probably the way to go.
by gasman
Sun Jan 03, 2021 9:21 pm
Forum: Personal Investments
Topic: How good is a 529?
Replies: 27
Views: 2108

Re: How good is a 529?

Can you please confirm? The earnings portion of non-qualified 529 distributions are reported on Schedule 1, line 8 of IRS form 1040, and are taxed at the same rate as wages. Assuming OP is not quite at the highest tax bracket, those non-qualified distributions would be taxed federally at 35% with a...
by gasman
Sun Jan 03, 2021 8:29 pm
Forum: Personal Investments
Topic: How good is a 529?
Replies: 27
Views: 2108

Re: How good is a 529?

Normchad wrote: Sun Jan 03, 2021 6:41 pm It’s good, not great. Max out everything else before loading it up.......
Agree with maxing everything else before funding. But I think they are great if you are committed to paying for your kids (or other beneficiaries) educations. Especially if those costs are anticipated to be significant.
by gasman
Sat Jan 02, 2021 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Soon to be attending physician
Replies: 28
Views: 3694

Re: Soon to be attending physician

SCb&b wrote: Sat Jan 02, 2021 9:07 am Don't pass up tax deferred space but then everything else should be going toward debt.

Can buy new car when all debt gone, you are saving 20% for retirement and can pay cash.

Live like a resident this year and next then I bet you'll be able to loosen up.
+1
by gasman
Sat Jan 02, 2021 8:27 am
Forum: Personal Investments
Topic: Need direction_understanding MYGA(multi-year guaranteed annuity
Replies: 48
Views: 4815

Re: Need direction_understanding MYGA(multi-year guaranteed annuity

Question about MYGAs:

Given that interest rates are where they are why do insurance companies issue these things as opposed to going to the bond market and issue bonds or a bank for funding?
by gasman
Sun Dec 27, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Physician: Take partnership vs relocate?
Replies: 21
Views: 2544

Re: Physician: Take partnership vs relocate?

Some career advice needed from the smart and experienced folks on here. My wife and I are physicians in NJ, several years out of fellowship, in jobs which are merely tolerable. By that I mean that we’re performing quite well (by our own estimates) but are both living mainly for those bits of time w...
by gasman
Wed Dec 23, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: Found employee ID/Access badge from former employer 1 year later
Replies: 28
Views: 2400

Re: Found employee ID/Access badge from former employer 1 year later

Kagord wrote: Wed Dec 23, 2020 3:08 pm Did someone actually post about Badges? We ain’t got no badges. We don’t need no badges. I don’t have to show you any stinking badges.
:beer
by gasman
Tue Dec 22, 2020 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting my Assets
Replies: 73
Views: 2831

Re: Dating & Protecting Wealth

Only date people richer than you. :D
by gasman
Sat Dec 12, 2020 10:36 am
Forum: Personal Investments
Topic: Low Risk investment options
Replies: 7
Views: 603

Re: Low Risk investment options

No really useful answer exists to your question right now. There are dozens of threads on the forum these days that are variations on the same question and the answer is still the same. That said I bonds are not a bad thing to know about. However, I bond yields are as depressed relative to history ...
by gasman
Sat Dec 05, 2020 9:20 pm
Forum: Personal Investments
Topic: Bonds in taxable
Replies: 28
Views: 2508

Re: Bonds in taxable

I bonds
EE Bonds
T bills/treasury money market fund.

At these rates muni risk reward and increasing maturities just don't seem appealing at all to me.
by gasman
Sat Dec 05, 2020 9:18 pm
Forum: Personal Investments
Topic: Should I pay off my new house I'm building?
Replies: 30
Views: 2141

Re: Should I pay off my new house I'm building?

So, I was once a young plastic surgeon who started his first job in a city that I found undesirable, politics that were contrary to mine, no women to date, all for a big paycheck and promises. The difference is that your story sounds like a random pinball. Take things one step at a time. Do you hav...
by gasman
Sat Nov 28, 2020 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Timeshare surrender denied, no idea why, please help
Replies: 163
Views: 10997

Re: Timeshare surrender denied, no idea why, please help

clark howard talks about this a lot. recently he's been saying if you own a timeshare (paid off) you should make sure it's in the will that you want it to go back to the timeshare company or donate it to charity. Otherwise if it's not specified in the Will, but there's heirs it will go to the heir ...
by gasman
Sat Nov 28, 2020 6:13 pm
Forum: Personal Investments
Topic: EE Bonds for high income couple in their 30's
Replies: 47
Views: 3760

Re: EE Bonds for high income couple in their 30's

I thought the rate on EE bonds is around .1%. Am I missing something? If you hold a full 20 years they double giving you an effective return of 3.53% tax deferred and state tax free. Given current interest rates for ultra safe fixed income, the 0.1% current rate is not much of a lost opportunity co...
by gasman
Sat Nov 28, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: Why are health care stocks so cheap?
Replies: 6
Views: 1176

Re: Why are health care stocks so cheap?

Just speculation on my part, but all the leadership conversations in healthcare are either COVID or Cost/Value. Shave wherever you can. This is not something that is going away. Every organization is reacting to the same pressures and from the same playbook. Not sure how a company maintains a compet...
by gasman
Mon Nov 16, 2020 4:33 pm
Forum: Personal Consumer Issues
Topic: early "retiree" maintaning professional license of inactive status
Replies: 20
Views: 1415

Re: early "retiree" maintaning professional license of inactive status

If you are talking about a medical license, I would recommend keeping one state license active and working at least a few hours per week. Going inactive and not working at all for more than a few months, and you may have a real problem not only getting a license activated, but finding work and gett...
by gasman
Mon Nov 16, 2020 4:30 pm
Forum: Personal Consumer Issues
Topic: early "retiree" maintaning professional license of inactive status
Replies: 20
Views: 1415

Re: early "retiree" maintaning professional license of inactive status

If you are talking about a medical license, I would recommend keeping one state license active and working at least a few hours per week. Going inactive and not working at all for more than a few months, and you may have a real problem not only getting a license activated, but finding work and gett...
by gasman
Mon Nov 16, 2020 3:46 pm
Forum: Personal Consumer Issues
Topic: early "retiree" maintaning professional license of inactive status
Replies: 20
Views: 1415

Re: early "retiree" maintaning professional license of inactive status

If you are talking about a medical license, I would recommend keeping one state license active and working at least a few hours per week. Going inactive and not working at all for more than a few months, and you may have a real problem not only getting a license activated, but finding work and getti...
by gasman
Mon Nov 09, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Muni deep risk?
Replies: 43
Views: 3909

Re: Muni deep risk?

There’s no deep risk in munis, especially with the fed stepping in at the first sign of trouble. A bad day for stocks is a bad year for munis. “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” ― Mark Twain This quote was the opening scene fro...
by gasman
Mon Nov 09, 2020 10:24 am
Forum: Investing - Theory, News & General
Topic: Muni deep risk?
Replies: 43
Views: 3909

Re: Muni deep risk?

bonds are most people's "safe money". Just because something hasn't happened before doesn't mean that it can never happen. E.g widespread muni defaults. More money has been lost reaching for yield then at the point of a gun. Our lives are often dominated by completely unforeseeable events...
by gasman
Sun Nov 08, 2020 7:42 pm
Forum: Investing - Theory, News & General
Topic: Muni deep risk?
Replies: 43
Views: 3909

Re: Muni deep risk?

bonds are most people's "safe money". Just because something hasn't happened before doesn't mean that it can never happen. E.g widespread muni defaults. More money has been lost reaching for yield then at the point of a gun. Our lives are often dominated by completely unforeseeable events....
by gasman
Wed Nov 04, 2020 8:22 am
Forum: Personal Consumer Issues
Topic: First time homebuyer. Just got the inspection report on a 100-year-old house. Advice requested...
Replies: 113
Views: 7655

Re: First time homebuyer. Just got the inspection report on a 100-year-old house. Advice requested...

You might want to ask to see the utility bills for the last twelve months. I lived in an old home for awhile. They were twice what a newer home would cost.
by gasman
Mon Nov 02, 2020 8:56 pm
Forum: Investing - Theory, News & General
Topic: How on earth can overweighting US stock over international stock possibly be considered Boglehead?
Replies: 253
Views: 16166

Re: How on earth can overweighting US stock over international stock possibly be considered Boglehead?

It goes against the principles of Bogleheads. How on earth can anything but market cap weighting of total world taking I believe somewhat close to 50-50 US and International (although it may now have diverged a bit from 50-50) be considered Boglehead. It literally makes no sense. And yet here I fre...
by gasman
Sun Oct 25, 2020 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Adult Children Over 26
Replies: 20
Views: 1945

Re: Health Insurance for Adult Children Over 26

Good Afternoon All, I have two boys living at home and going to school that will turn 26 this year. They'll lose their current health insurance coverage next year (a company sponsored plan). I'd like to purchase health insurance for them that will cover emergencies/hospitalizations and visits to a ...
by gasman
Thu Oct 22, 2020 12:06 pm
Forum: Personal Investments
Topic: Fidelity® Money Market Fund (SPRXX) yield less than ER
Replies: 4
Views: 662

Re: Fidelity® Money Market Fund (SPRXX) yield less than ER

I have been using Fidelity Cash management for my checking account over the last year or so for the higher than standard checking SPRXX yields. I just noticed the 7 day yield is 0.01% which is a lot less than the expense ratio of 0.42%. I assume I am losing money in this fund right now, right? Is i...
by gasman
Mon Oct 05, 2020 8:09 pm
Forum: Personal Investments
Topic: Bond Location help
Replies: 8
Views: 399

Re: Bond Location help

Kookaburra wrote: Mon Oct 05, 2020 7:30 pm In the current environment, the best place to hold bonds is in the garbage can.
Cash under the mattress. Our in my case treasury money market.
by gasman
Mon Oct 05, 2020 8:07 pm
Forum: Personal Investments
Topic: DFA capitulation
Replies: 16
Views: 1989

Re: DFA capitulation

I am gritting my teeth and holding onto mil small/value international EM Tilts.

Recently allocated my 20 something kid's Roth IRA 1/3 IJS 1/3 DGS 1/3 AVDV.
by gasman
Mon Sep 28, 2020 11:47 am
Forum: Personal Consumer Issues
Topic: How do YOU find a good doctor these days...
Replies: 83
Views: 5908

Re: How do YOU find a good doctor these days...

Ask Doctors and Nurses who they go to and who they send their family to for care.
by gasman
Thu Sep 24, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 400
Views: 88292

Re: Physician Retirement Savings

Average net worth of 55yo physician:

$3,000,000/2^n

n= number of divorces.
by gasman
Wed Sep 16, 2020 8:08 pm
Forum: Personal Investments
Topic: With interest rates near zero whats advice on CD ?
Replies: 10
Views: 1558

Re: With interest rates near zero whats advice on CD ?

Hello Bogleheads, I have a few CDs up for renewal in next couple of months. With interest rate near zero for next few years, what are suggestions for moving out of CDs. thanks Srini Gritting my teeth and keeping my CDs short term. Also buying treasury bills at auction. Not happy about it. Not sure ...
by gasman
Mon Sep 14, 2020 7:28 am
Forum: Non-US Investing
Topic: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)
Replies: 8
Views: 1335

Re: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)

Has anyone noticed the appearance of this new ETF? Looks like a substitute to a money-market fund. TER 0.07% https://americas.vanguard.com/institutional/mvc/loadImage?country=bs&docId=30807 I assume this is to simulate a Money Market Funb but it can "break the buck"? On the flip side,...
by gasman
Sat Sep 12, 2020 10:29 am
Forum: Personal Consumer Issues
Topic: Insurance Co. Request to sign Policy Cancellation
Replies: 14
Views: 1663

Re: Insurance Co. Request to sign Policy Cancellation

Stinky wrote: Sat Sep 12, 2020 5:29 am I'd sign the request.

OP, do you see some downside to signing it?
Probably just natural and understandable suspicion on the motives and incentives of the company.
by gasman
Mon Aug 31, 2020 8:44 am
Forum: Personal Investments
Topic: I-Bond Annual Limit Workaround
Replies: 27
Views: 3063

Re: I-Bond Annual Limit Workaround

It works. I did it for a few years. One annoyance is that you don't get one $5,000 bond or even 5 $1,000 bonds. You get a dozen or so bonds of varying denominations. Decided that it just wasn't worth the trouble.
by gasman
Thu Aug 13, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere
Replies: 69
Views: 6437

Re: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere

Nate79 wrote: Thu Aug 13, 2020 9:31 pm YTD total bond market return is about 7% and 1 year return about 10.5%.
Future expected returns are somewhat lower.
by gasman
Thu Aug 13, 2020 9:17 pm
Forum: Investing - Theory, News & General
Topic: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere
Replies: 69
Views: 6437

Re: Grappling with the New Reality of Zero Bond Yields Virtually Everywhere

Cash/short term high quality fixed income has three purposes: 1. Dampen the volatility of an equity portfolio. 2. Provide a store of value when equities sell off to purchase them. 3. Provide a positive real return for that part of a portfolio. #3 is gone. #2 is diminished. #1 is still there. :annoye...
by gasman
Wed Aug 05, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 262
Views: 33081

Re: Anyone else hoarding cash right now?

given the shape of the yield curve, I converted lots of my bonds to cash. If that meets your definition of hoarding.
by gasman
Tue Aug 04, 2020 1:06 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on bonds from Fed decision...
Replies: 111
Views: 8030

Re: Thoughts on bonds from Fed decision...

Hector wrote: Tue Aug 04, 2020 1:02 pm I think we have no choice, but to take more risk by increasing bond duration and/or reducing bond quality and/or increasing equity portion of portfolio eventually.
Or expect less from one's portfolio or delay retirement. :(
by gasman
Sat Jul 25, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: Financial Times article on Jim Chanos, renowned short: "We are in the golden age of fraud"
Replies: 27
Views: 1997

Re: Financial Times article on Jim Chanos, renowned short: "We are in the golden age of fraud"

Articulate writers (and speakers) who make a well reasoned and thoughtful argument often cause people to reevaluate their investment philosophy and discipline.
by gasman
Sat Jul 18, 2020 5:42 pm
Forum: Investing - Theory, News & General
Topic: 0.00% Yield on the Vanguard Short-Term Treasury Fund
Replies: 203
Views: 16824

Re: 0.00% Yield on the Vanguard Short-Term Treasury Fund

Here is where things are, folks. The Vanguard Short-Term Treasury Fund Investor Shares (VFISX) had a 30-day SEC yield of 0.00% as of 7/16/20. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (for bonds) or projected dividend yield (for stoc...