Search found 2568 matches

by azanon
Fri Nov 01, 2019 7:19 am
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 78
Views: 10056

Re: Can one own a Porsche 911 that is not a money pit?

I have no idea where I can get the answer to this question so I hope some bogleheads could chime in. I would like to know if it is possible to purchase a Pre-owned Porsche 911 (not as a daily driver) and sell it a few years later without losing your butt. I have always dreamed of owning one and wou...
by azanon
Wed Oct 30, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15124

Re: I no longer plan on retiring early

I am super jealous of anyone who actually, truly "loves" their job in the literal sense, and not the figurative one where they're just appreciative that they have it because it helps make ends meet. Because think how convenient that is - you do what you love, and they pay you for it! Win/win. From w...
by azanon
Tue Oct 08, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: Pest Exterminator DIY
Replies: 27
Views: 2097

Re: Pest Exterminator DIY

Anyone here "cut the cord" on their monthly pest control provider? If so, what products do you use to maintain a bug-free home? Brad I haven't had a pest control provider since I bought my house in 2003 (you've been there as you recall). I've tried different sprays I use around the perimeter, but t...
by azanon
Tue Oct 01, 2019 4:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2717

Re: Vanguard PAS -- one size fits all?

Per that paper, they’re putting “cautious” 66yr old investors in 59% Equities? Why are they so off target from the Target Retirement Funds? A recently retired TR investor is in the one with 36% Equities. :confused Agree. 66 yo w/ $500K using PAS ----> 60% EQ/40% FI 66 yo w/ $500K in TD fund --> 36%...
by azanon
Fri Sep 27, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 126
Views: 13586

Re: Personal Flagship Representaive Going Away

My new Flagship representative appeared on my account today. In checking LinkedIn, he has a Bachelor's degree in Finance, and has not worked anywhere but Vanguard in his 2.3 years of employment. Have not heard from him as of yet. That's odd. MY Flagship Rep vanished a while back. I thought specific...
by azanon
Fri Sep 27, 2019 8:19 am
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 3994

Re: Buying expensive TVs online

A couple of months ago I purchased a 62” smart Roku HDTV. $299. Why spend more than $500 when they can be had so cheap now. Probably a TCL TV, and I agree! We own three of them now between both houses. One has been mounted under the house at the beach since spring and no issues. Of course, it was o...
by azanon
Fri Sep 27, 2019 8:08 am
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 3994

Re: Buying expensive TVs online

A couple of months ago I purchased a 62” smart Roku HDTV. $299. Why spend more than $500 when they can be had so cheap now. Because some of us made the mistake of walking in a Best Buy showroom and seeing how much better an OLED looks. Vs. any TV sub $500, it's not even close. I totally agree. We n...
by azanon
Fri Sep 27, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: "The Simple Magic of Investing in a Three-Fund Portfolio"
Replies: 22
Views: 3909

Re: "The Simple Magic of Investing in a Three-Fund Portfolio"

Or one fund, Vanguard Target Retirement Income VTINX. Simple. Enough. This. All due respect to the 3-fund, because it's a very good approach, it's only true enemy is a low cost 1-fund. There's a low cost "1-fund" for most every equity percent level at Vanguard. The main advantage I see, and I know ...
by azanon
Fri Sep 27, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Buying expensive TVs online
Replies: 54
Views: 3994

Re: Buying expensive TVs online

Brianmcg321 wrote:
Thu Sep 26, 2019 12:38 pm
A couple of months ago I purchased a 62” smart Roku HDTV. $299. Why spend more than $500 when they can be had so cheap now.
Because some of us made the mistake of walking in a Best Buy showroom and seeing how much better an OLED looks. Vs. any TV sub $500, it's not even close.
by azanon
Wed Sep 25, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 126
Views: 13586

Re: Personal Flagship Representaive Going Away

So we all know what these "new roles" they're moving to are - Vanguard Personal Advisory Services, right? Supposedly, they're way understaffed or it has been more successful than they anticipated so there's going to be more revenue for Vanguard seeing to it that VPAS is as good as possible vs. keepi...
by azanon
Tue Sep 24, 2019 7:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service [Robo-Advisor]

Maybe you personally will "Stay the course", but on average, it's not going to even be close - on average, the one with the adviser will outperform. There are more studies than you can shake a stick at that say most people actually don't stay the course on their own. Don't get me wrong, I'm not say...
by azanon
Tue Sep 24, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service [Robo-Advisor]

I'm curious though - what kind of fee system would you propose in its place where the adviser is also the custodian? If the custodian "perpetually" manages/is in charge of the money, wouldn't that suggest a perpetual fee of some sort? Did you see my other point though? For the digital vs. lifestrat...
by azanon
Tue Sep 24, 2019 12:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service [Robo-Advisor]

I don't want to repost the same thing, but for some reason, you're missing or not accepting that the behavioral finance aspect of having an adviser is going to be stronger (on average) than a DIYer with no adviser. Rephrased, regardless of whether the end portfolio is the same, as a DIY you have no...
by azanon
Tue Sep 24, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service [Robo-Advisor]

Just say "no" to AUM (Assets Under Management) schemes. Half of something bad is still something bad. Is it really that much harder or time consuming to generate a plan for, say, a $5 million portfolio as it is for a $1 million portfolio or a $100,000 portfolio? Especially if, as some have suggeste...
by azanon
Tue Sep 24, 2019 7:51 am
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard Bets on Robo-Only Adviser

The total cost is expected to be about $20 on every $10,000 for individual investors once investment fees on the Vanguard funds the service will use are factored in. So then it's about what I was thinking earlier - an extra 6bp (give or take ~ 1bp) vs. a VG Target Retirement mutual fund, because it...
by azanon
Tue Sep 24, 2019 7:35 am
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service [Robo-Advisor]

Just say "no" to AUM (Assets Under Management) schemes. Half of something bad is still something bad. Is it really that much harder or time consuming to generate a plan for, say, a $5 million portfolio as it is for a $1 million portfolio or a $100,000 portfolio? Especially if, as some have suggeste...
by azanon
Sat Sep 21, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2717

Re: Vanguard PAS -- one size fits all?

Sometimes folks just need to talk and have the support of an advisor. I believe this topic is not discussed enough in terms of the impact to spouses. I have written instructions and a print out of Vanguard PAS attached for my spouse to call if anything should occur. Exactly. We discuss these things...
by azanon
Fri Sep 20, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2717

Re: Vanguard PAS -- one size fits all?

Per that paper, they’re putting “cautious” 66yr old investors in 59% Equities? Why are they so off target from the Target Retirement Funds? A recently retired TR investor is in the one with 36% Equities. :confused
by azanon
Thu Sep 19, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: why buy bonds if interest rates become negative
Replies: 26
Views: 3150

Re: why buy bonds if interest rates become negative

Just some quick points: negative yield doesn't necessarily mandate negative return (rates can drop). It can still serve the purpose as a diversifier (e.g. harvesting a rebalancing bonus) of a portfolio. Probably not too many bogleheads advocate revising portfolio asset allocation based upon rates be...
by azanon
Thu Sep 19, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

The more I think about it, this could potentially be a really neat thing. If they use the really dirt cheap index funds (the ~ 4bp ones), then the net cost over a comparable Lifestrategy fund might be just 4-5 basis points. Very tempting..... It would work well for some. ............ If all assets ...
by azanon
Thu Sep 19, 2019 7:13 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

This is good news as there are a lot of folks who need advice, even if it is from a robot. I still like a human touch though. But that can be all over the place. I read an interesting review of Vanguard PAS just a few days ago (it's readily available on the net somewhere - forgot the link), where t...
by azanon
Thu Sep 19, 2019 7:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

This is good news as there are a lot of folks who need advice, even if it is from a robot. I still like a human touch though. But that can be all over the place. I read an interesting review of Vanguard PAS just a few days ago (it's readily available on the net somewhere - forgot the link), where t...
by azanon
Thu Sep 19, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

The more I think about it, this could potentially be a really neat thing. If they use the really dirt cheap index funds (the ~ 4bp ones), then the net cost over a comparable Lifestrategy fund might be just 4-5 basis points. Very tempting.....
by azanon
Thu Sep 19, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

Thanks for sharing, and I will take it. The fee is comparable to industry leaders. I have also been searching for a robo account for my children, and wanted started settling on Fidelity, but keeping everything Vanguard is better for me. It's actually considerably better (the fee). I believe the low...
by azanon
Thu Sep 19, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: Vanguard said to offer Digital Advisory Service [Robo-Advisor]
Replies: 85
Views: 7346

Re: Vanguard said to offer Digital Advisory Service

This is good news as there are a lot of folks who need advice, even if it is from a robot. I still like a human touch though. But that can be all over the place. I read an interesting review of Vanguard PAS just a few days ago (it's readily available on the net somewhere - forgot the link), where t...
by azanon
Wed Sep 18, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules
Replies: 274
Views: 21107

Re: Kitces: The Problem with FIREing at 4% and the Need for Flexible Spending Rules

He states that 3.5% withdrawals have historically been so incredibly conservative over nearly all long-term periods that retirees should strongly consider adopting flexible withdrawal rules so that they can take advantage of this upside potential. The graph below demonstrates how much upside potent...
by azanon
Wed Sep 18, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: Is there a Global Bond Index Fund?
Replies: 6
Views: 579

Re: Is there a Global Bond Index Fund?

That includes all the sectors of bonds, not just the investment grade like BND or BNDX with sovereign focus? I want to recommend a two fund portfolio to a youngster: VT for world stock, and something for world bond (of all maturities and credit quality). Any help is appreciated. I'm not personally ...
by azanon
Tue Sep 17, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Help! Bought new car and don't like it
Replies: 37
Views: 6793

Re: Help! Bought new car and don't like it

Also, depending on how you look at it, you actually take the hit even if you keep it. The hit occurred when you purchased it, not when you decided it wasn't the right car for you. Just a thought.
by azanon
Tue Sep 17, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Help! Bought new car and don't like it
Replies: 37
Views: 6793

Re: Help! Bought new car and don't like it

I don't have any actual tips to help with the specific situation other than to say don't be too hard on yourself. If not already, you'll eventually get far enough along in your savings and investments that you'll sometimes lose more making a trade on Tuesday instead of Wednesday that you lost on the...
by azanon
Tue Sep 17, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6705

Re: The best portfolios when the going gets rough

Whenever I think about the possible virtues of non-traditional portfolios, I just compare the lifetime histories of two funds that have existed out in the open, following two philosophies, investing real money, continuously disclosing their real results: the Permanent Portfolio mutual fund, PRPFX, ...
by azanon
Tue Sep 17, 2019 11:01 am
Forum: Personal Investments
Topic: Vanguard Global Wellesley
Replies: 9
Views: 1968

Re: Vanguard Global Wellesley

Thought I'd mention something I just came across - Ian Link (portfolio manager for Global Wellesley) is retiring on Dec 31, 2019, and is being replaced by Andre J. Desautels (Source: https://citywireusa.com/professional-buyer/news/veteran-wellington-pm-to-retire-stepping-off-106bn-vanguard-fund/a125...
by azanon
Tue Sep 17, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 229
Views: 20977

Re: Paying "early" on mortgage may be unwise

I agree this isn't a strong argument for not paying off early HOWEVER it is unwise to do so but for a different reason. With historically low interest rates the majority of mortgage holders are going to be better off investing the money in the market than paying down the mortgage. There is a huge c...
by azanon
Fri Sep 13, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8665

Re: Vanguard Flagship Services -- Another One Bites the Dust

I assume Vanguard Personal Advisory Services would produce enough revenue to address that right? I would not make that assumption myself. My guess is that Vanguard is trying to implement the "Planet Fitness" model. Price it really cheap and get a lot of people who will never use the service (or onl...
by azanon
Thu Sep 12, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8665

Re: Vanguard Flagship Services -- Another One Bites the Dust

I assume Vanguard Personal Advisory Services would produce enough revenue to address that right? I would not make that assumption myself. That's why I asked 12thKnight and used a ? :) Subjectively observing though, 0.3% of your portfolio's value annually is a lot of money, especially in a low retur...
by azanon
Thu Sep 12, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 31
Views: 3182

Re: Not market timing is hard

It's interesting to see that this thread keeps getting bumped. The OP was actually right (Mar 2007 was a very decent time to take profits - "golden opportunity"?). I wonder if he acted on his suspicion? I think the better way to say it though is to say to not care how much you pay for stock is hard...
by azanon
Thu Sep 12, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 31
Views: 3182

Re: Not market timing is hard

It's interesting to see that this thread keeps getting bumped. The OP was actually right (Mar 2007 was a very decent time to take profits - "golden opportunity"?). I wonder if he acted on his suspicion? I think the better way to say it though is to say to not care how much you pay for stock is hard,...
by azanon
Thu Sep 12, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 4863

Re: Calling all iPhone SE Bogleheads

I have an iphone SE, and I agree with several of the comments about it being hard to see a lot of things on it with older eyes (like mine), but I went with a different solution to that: I just got a newer (current) iPad Air, to do all of the heavy lifting for reading, investing apps (like Vanguard),...
by azanon
Thu Sep 12, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8665

Re: Vanguard Flagship Services -- Another One Bites the Dust

Pretty soon service will only come at a cost. If you want service you pay for it, and if you don't want or need it you don't. If you want to check a bag or sit in an aisle seat you pay more but many of us remember a time when that wasn't so. Frequent flier status is now based on the price of the ti...
by azanon
Thu Sep 12, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Long duration is the "Sharpe" choice for aggressively positioned portfolios
Replies: 39
Views: 1650

Re: Long duration is the "Sharpe" choice for aggressively positioned portfolios

Those of us who are serious about this use Extended Duration funds. Substitute PEDIX for VUSUX and the drawdown decreases to -31%. Leveraged short term treasuries have been even sharper since 1991: And are the "top allocation teams" at Fidelity, T. Rowe Price, and elsewhere using STRIPS and leverag...
by azanon
Thu Sep 12, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8665

Re: Vanguard Flagship Services -- Another One Bites the Dust

The other side of all this is whether Vanguard can even hire competent people to act as Flagship reps. Many industries cannot hire people to do service work that people will actually pay good wages for. I'm thinking restaurant help, farm workers, meatpacking and poultry workers. Cheap financial ser...
by azanon
Thu Sep 12, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: Vanguard Flagship Services -- Another One Bites the Dust
Replies: 51
Views: 8665

Re: Vanguard Flagship Services -- Another One Bites the Dust

I assume this phase-out of Flagship services is because they want Vanguard customers with 1M+ AUM to pay for this via their Personal Advisory Services instead. If you can speak to a CFA/CFP anytime you wanted to with Flagship and you even get assigned one specific person with Flagship, then why woul...
by azanon
Wed Sep 11, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 914
Views: 307159

Re: Variable Percentage Withdrawal (VPW)

I was watching a youtube video called Techniques and Strategies for Creating a Retirement Income You Can Live With. It featured Prof Wade Pfau along with several other experts. The intended audience is other financial planners. But one of the discussion points that Prof Pfau mentioned was VPW (he d...
by azanon
Mon Aug 05, 2019 2:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2128397

Re: U.S. stocks in free fall

Wait, what? :confused I thought BH's are in for the long haul and aren't pre-occupied with the daily gyrations of the market? Am I missing something, or are there hypocrites among us? Other than it's largely become a joke thread where we're just mocking the fall, nah you're not missing anything. :m...
by azanon
Mon Aug 05, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2128397

Re: U.S. stocks in free fall

Wait, what? :confused I thought BH's are in for the long haul and aren't pre-occupied with the daily gyrations of the market? Am I missing something, or are there hypocrites among us? Other than it's largely become a joke thread where we're just mocking the fall, nah you're not missing anything. :m...
by azanon
Mon Aug 05, 2019 2:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2128397

Re: U.S. stocks in free fall

bck63 wrote:
Mon Aug 05, 2019 2:10 pm
azanon wrote:
Mon Aug 05, 2019 1:47 pm
How many besides me are cheering for a round 1000 fall on the DOW (or more)? It's just so exciting, and I'm looking forward to seeing Cramer freak out after I get home from work.
961...
Temporary bounce back, but I'm still keeping the faith!!!
by azanon
Mon Aug 05, 2019 1:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12340
Views: 2128397

Re: U.S. stocks in free fall

How many besides me are cheering for a round 1000 fall on the DOW (or more)? It's just so exciting, and I'm looking forward to seeing Cramer freak out after I get home from work.
by azanon
Mon Aug 05, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: Will stocks be cheap again in your lifetime?
Replies: 33
Views: 3891

Re: Will stocks be cheap again in your lifetime?

Be ready to buy in ‘29 Wasn't the market low in the early '30's? I guess that's why we talk so much about rebalancing, SWRs and withdrawal strategies. Yeah, the market bottomed in 32, but the biggest part of the drop was 29. At the end of 29 (dec) CAPE was 22.01. CAPE bottomed out Jun 32’ at 5.57, ...
by azanon
Mon Aug 05, 2019 8:49 am
Forum: Investing - Theory, News & General
Topic: Will stocks be cheap again in your lifetime?
Replies: 33
Views: 3891

Re: Will stocks be cheap again in your lifetime?

Forget the crystal ball, the S&P 500 is on sale to you for 30 times 10yr earnings, ... about the same price as before Black Tuesday. You either buy proclaiming that’s a great deal or you don’t. Worst option of all is buying a business without even asking to see the books or not caring what the books...
by azanon
Mon Aug 05, 2019 8:30 am
Forum: Investing - Theory, News & General
Topic: Will stocks be cheap again in your lifetime?
Replies: 33
Views: 3891

Re: Will stocks be cheap again in your lifetime?

Be ready to buy in ‘29 Wasn't the market low in the early '30's? I guess that's why we talk so much about rebalancing, SWRs and withdrawal strategies. Yeah, the market bottomed in 32, but the biggest part of the drop was 29. At the end of 29 (dec) CAPE was 22.01. CAPE bottomed out Jun 32’ at 5.57, ...
by azanon
Mon Aug 05, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 215
Views: 11956

Re: Insane to buy a sports car?

"The OP is doing very well, but commenting as a boglehead" I am curious how you know the OP is doing very well. I have not been able to understand how much of his past savings came from a windfall and how much was his personal savings. Similarly I have not been able to figure out when he is getting...