Search found 2973 matches

by Leif
Sat Sep 19, 2020 11:31 am
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 42
Views: 2938

Re: Rebalancing to 50/50

After reading the early chapters of McClung's book and the Boglehead column, I do not think it is wise in the long term for me to continue to have a portfolio that is heavily weighted in bonds. Therefore, now I would like to move money from bonds to stock funds so my portfolio is back to a 50/50 AA...
by Leif
Fri Sep 18, 2020 7:39 pm
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 42
Views: 2938

Re: Rebalancing to 50/50

Paul, thank you for thinking about this. You mentioned that Bogleheads prefer 20% in International stock. If that is the case, do you think I should forget the International bond fund? You are the second person here who thinks I might be OK if I didn't go all the way to 50% stock. That is really lo...
by Leif
Wed Sep 16, 2020 10:08 pm
Forum: Personal Investments
Topic: With interest rates near zero whats advice on CD ?
Replies: 10
Views: 1451

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

I have a CD ladder as my bridge to SS@70. I use some for the next year's spending. That portion I'm placing in a high yield savings (HYS) account. I cannot bring myself to using a CD with current rates, although I'm not expecting rates to increase anytime soon. Although HYS rates have been dropping,...
by Leif
Tue Sep 15, 2020 11:51 am
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1202

Re: Allocation at RMD

Looks like you already know that Roth conversions would lower future RMDs. Another way to lower them is for some/all of your RMD to be a Qualified Charitable Distribution (QCD) . A third way I use, while keeping the same AA, is to indirectly transfer my equity from tIRA to taxable. I have an SS bri...
by Leif
Mon Sep 14, 2020 11:16 am
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1202

Re: Allocation at RMD

I've been doing Roth conversions of my equities (in my tIRA) prior to RMD. I'm keeping my AA the same. Just convert my stock to my Roth in-kind. By RMD time I'm expecting my tIRA to be 100% bonds. My equity will be in my Roth and taxable accounts. I want to try to minimize my RMDs by removing the hi...
by Leif
Sun Sep 13, 2020 3:31 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 203
Views: 18500

Re: Anyone successfully living off dividends & interest?

Now I'm living off of CDs as they mature. They are mostly around 3%. But not anymore. And it appears not for at least the next few years. So, we will see. To live off of dividends and interest you will need a lot of money invested and a low requirement for money from your portfolio. If I did not hav...
by Leif
Sat Sep 12, 2020 10:11 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 203
Views: 18500

Re: Anyone successfully living off dividends & interest?

https://www.wealthx.com/intelligence-centre/exclusive-content/2019/very-high-net-worth-prospecting-new-tier-wealth/ - VHNW - $5M-$100M Liquid - UHNW - $100M+ Liquid The Wealth-X High Net Worth Handbook 2019 reveals that there were 22.4 million HNW individuals globally in 2018 and a vast majority of...
by Leif
Fri Sep 11, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: Timing the market for Roth Conversions. Sin?
Replies: 18
Views: 902

Re: Timing the market for Roth Conversions. Sin?

I don't try to time the market for conversions, but I want to take advantage of the market when equities are on sale. My plan is to evenly convert quarterly. If the market is in a bear I up the amount for that quarter. On 4/1 I converted about 1.5X. This means the following quarter, 7/1 I reduced th...
by Leif
Fri Sep 11, 2020 11:19 am
Forum: Personal Investments
Topic: Is it Possible to Opt-out of Fidelity Premium Services?
Replies: 37
Views: 3844

Re: Is it Possible to Opt-out of Fidelity Premium Services?

There are some benefits in the Private Client Group. I'm not sure if you mean PCG, or premium services is a different category. I have the opposite problem. I use to have a Rep assigned. But no longer. I have plenty of assets to qualify, but it may be they have given up on me from a sales POV. Since...
by Leif
Wed Sep 09, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Capital One Bank bonus $450
Replies: 51
Views: 9317

Re: Capital One Bank bonus $450

Assuming you are referring to the offer that required a balance retention thru 8/29, it's now safe to move the bulk of the assets. However, since the bonus may take up to 60 days to appear, I'd be reluctant to actually close the account until the bonus is posted. Ditto, my plan is to wait until the...
by Leif
Tue Sep 08, 2020 3:14 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: Family member has one million in one stock , doesn't want to cash out

Even Jack Bogle reduced his equities prior to the bust of 2000. Market timing on Mr. Bogle's part? Some would say yes. After the rout I got out of individual stocks and went with broad based index funds, with a tilt to small value. That tilt did help in the '00s, which many people call the lost deca...
by Leif
Sun Sep 06, 2020 10:02 am
Forum: Investing - Theory, News & General
Topic: In accumulation phase, should you ever need more than 10% fixed income?
Replies: 27
Views: 2247

Re: In accumulation phase, should you ever need more than 10% fixed income?

There are, of course, edge cases we could come up with where a higher FI percentage would be prudent. However, in general, I think 90-100% stocks in early accumulation, may be wise. Some find this difficult when fear kicks in during down markets. When you want to cook in the kitchen prepare for some...
by Leif
Sun Sep 06, 2020 9:23 am
Forum: Personal Consumer Issues
Topic: Tesla Full Self Driving Option
Replies: 42
Views: 3401

Re: Tesla Full Self Driving Option

Tesla goes to great pains to explain this beta software is not autonomous driving. You must confirm your understanding of beta software, on the control panel, before you are allowed to use it. You cannot even take your hands off the wheel for long (maybe 30 seconds) without the car asking you to kee...
by Leif
Sat Sep 05, 2020 4:10 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 9964

Re: Is it really passive index if S&P actively excludes Tesla?

Because Tesla is an electric car and clean energy products manufacturer. That is their business. Selling credits is not. The revenue generated from those "sales"(tax credit sales) are dependent on the tax code, which I believe Forbes reported have changed. Without those credits would Tesla's busine...
by Leif
Fri Sep 04, 2020 10:14 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 9964

Re: Is it really passive index if S&P actively excludes Tesla?

I would think there is an oil company or two that Tesla could replace in the 500.
by Leif
Fri Sep 04, 2020 6:59 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

sjl333 wrote: Fri Sep 04, 2020 5:38 pm Thanks. Dad wants to sell now. He's scared
Investing can be simple, but it is not easy. People without an overall plan tend to move between fear and greed. Even with a plan emotions hit us all. Individual stocks can be a real rollercoaster.
by Leif
Fri Sep 04, 2020 1:30 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

I really don't understand the criticism I'm reading directed to the OP. Anywhere from "not your business" to questioning his motives.

This is his dad. He wants to offer good advice. Advice that I believe most Bogleheads would agree with. I would do the same if I faced the same situation.
by Leif
Fri Sep 04, 2020 10:11 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Tesla, at this moment, is down 7%. The PE is only 983. Anyone want to back up the truck (or perhaps abus)?
by Leif
Thu Sep 03, 2020 6:08 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Us boring Boglehead index investors are getting our vicarious thrill through your dad's investing.
by Leif
Thu Sep 03, 2020 5:42 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

You got to know when to hold 'em,
Know when to fold 'em
Know when to walk away and know when to run
...
There'll be time enough for countin' when the dealing's done.
by Leif
Wed Sep 02, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Tesla Full Self Driving Option
Replies: 42
Views: 3401

Re: Tesla Full Self Driving Option

I bought the FSD option for my S in 2016. I saw a video they made that year and Tesla was able to make it look like FSD was all but a done deal. Elon said by the end of 2017 they would do a full self drive coast to coast. Ah, right. 2020 and still not even close. Am I bitter? Yes. I bought the vapor...
by Leif
Tue Sep 01, 2020 11:48 am
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Wow, 7th largest company in the US on market cap. Musk is now the 3rd richest person in the US based on his ownership of Tesla shares. Now a 5 billion capital raise, with a balance sheet already at 8 billion in cash. Building a new factory in Texas and Germany. I hope they can continue to accelerate...
by Leif
Mon Aug 31, 2020 2:22 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

If you get frustrated, make sure your own ducks are in a row and you aren't counting on an inheritance. Maybe the son should buy the puts :wink: There were some posts a year or two ago that said they were shorting Tesla. Have not heard much from them. Perhaps they cannot afford a internet connectio...
by Leif
Mon Aug 31, 2020 2:09 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 27521

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Perhaps he can sell 1/2? Or even 1/4? Tesla PE ratio as of Aug. 28 was 1,153. Ridiculous and unsustainable. And I'm an owner (of the car, not stock) and a fan. Elon said one time that if anyone hacked their server and directed a bunch of cars under autopilot that would be the end of Tesla. Tell him ...
by Leif
Mon Aug 31, 2020 10:26 am
Forum: Investing - Theory, News & General
Topic: Vanguard seems to have web online sign on problem
Replies: 145
Views: 6251

Re: Vanguard seems to have web online sign on problem

Their website is limping. Sometimes you can login, sometimes not. Once in a number of activities are not available. No problem at Fidelity.
by Leif
Sun Aug 30, 2020 10:27 pm
Forum: Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 60
Views: 12221

Re: Moving from Vanguard to Fidelity

Yes, absolutely right. But note that Fidelity will NOT accept Vanguard Admiral Funds at all. Other firms will accept them, even if they are TF funds there. So you have to convert to ETFs, or if not possible, liquidate to move to Fidelity. This triggered me to make a call to Fidelity, because I'm co...
by Leif
Sun Aug 30, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements on retirement and bonds in a zero interest world
Replies: 27
Views: 5061

Re: Jonathan Clements on retirement and bonds in a zero interest world

But Clement's point is that in today's environment it makes no sense to hold anything but Treasuries (equal parts STT and short TIPs in his case) and only short durations since there's no reward (and plenty of interest rate risk) going longer. It's a zero interest rate version of the old saw about ...
by Leif
Sun Aug 30, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Capital One is at it again
Replies: 132
Views: 14531

Re: Capital One Saving drops interest rate (again)

happydaze412 wrote: Sat Aug 29, 2020 9:02 pm Savers are getting destroyed.
Savers that depend on interest from savings accounts or bond funds, yes. Savers that use a total portfolio approach can sell a bit of their appreciated (higher NAV) bond and stock funds for their income.
by Leif
Sat Aug 29, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements on retirement and bonds in a zero interest world
Replies: 27
Views: 5061

Re: Jonathan Clements on retirement and bonds in a zero interest world

Stormbringer wrote: Sat Aug 29, 2020 4:59 am A EE bond ladder is looking really attractive right now.
I have some EE bonds hitting their 20 year double period. If you plan on 20 years then YES. Otherwise I would look at I bonds.
by Leif
Fri Aug 28, 2020 7:19 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements on retirement and bonds in a zero interest world
Replies: 27
Views: 5061

Re: Jonathan Clements on retirement and bonds in a zero interest world

Not completely sure what your question is. My question boils down to which will do better in an inflationary environment? TBM, which contains corporates, or ITT? I'm guessing TBM with corporates better able to handle inflation. But perhaps others have different reasoning. Have others reading this t...
by Leif
Fri Aug 28, 2020 6:39 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements on retirement and bonds in a zero interest world
Replies: 27
Views: 5061

Re: Jonathan Clements on retirement and bonds in a zero interest world

If you were to sell a TBM fund and buy an intermediate term Treasury fund (not TIPS), let's say same duration, what do you think the result is if inflation were to appear and interest rates started to climb? Both would lose NAV, but which would fare better? Would the result be about the same with th...
by Leif
Fri Aug 28, 2020 8:33 am
Forum: Personal Investments
Topic: Vanguard funds at Fidelity
Replies: 14
Views: 1067

Re: Vanguard funds at Fidelity

I don't think transferring mutual funds to Fidelity should be an issue. Fidelity charges to buy Vanguard funds ($75), but you can sell them all day long without a charge. What about reinvesting dividends? No. Reinvested dividends and capital gains are not charged. If you still have doubt call Fidel...
by Leif
Thu Aug 27, 2020 10:22 pm
Forum: Personal Investments
Topic: Vanguard funds at Fidelity
Replies: 14
Views: 1067

Re: Vanguard funds at Fidelity

I don't think transferring mutual funds to Fidelity should be an issue. Fidelity charges to buy Vanguard funds ($75), but you can sell them all day long without a charge.
by Leif
Thu Aug 27, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One is at it again
Replies: 132
Views: 14531

Re: Capital One is at it again

Anyone recall the low yield point for HYS in the GFC?
by Leif
Thu Aug 27, 2020 11:20 am
Forum: Investing - Theory, News & General
Topic: Fed wants inflation
Replies: 30
Views: 2952

Re: Fed wants inflation

I have heard it said that one cannot (or should not) fight the fed. How is this actionable? Should one be buying TIPS? They seem expensive now. --vtMaps Expensive relative to what? Isn't everything expensive now? I look at the cost relative to nominal bonds, with a price based on a very low future ...
by Leif
Thu Aug 27, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Fed wants inflation
Replies: 30
Views: 2952

Re: Fed wants inflation

I've noticed my TIPS funds (I have short and intermediate term TIPS funds) have been doing good recently, relative to my other bond funds. Perhaps anticipation of this announcement is the reason.
by Leif
Sun Aug 23, 2020 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One Bank bonus $450
Replies: 51
Views: 9317

Re: Capital One Bank bonus $450

This offer is a bit different from the one I got at the end of last month. The promo code was SCORE500. They give you $100 for each $10,000 added up to $500/$50,000. But, I believe it is over now. The promo requires you to keep the money in for 3 months, but the bonus is not paid until 5 months aft...
by Leif
Sun Aug 23, 2020 10:01 am
Forum: Personal Investments
Topic: Cash allocation after retirement...
Replies: 29
Views: 3067

Re: Cash allocation after retirement...

I'm retired, but not yet getting Social Security/Required Minimum Distribution (SS/RMD). Your cash allocation depends on how you've set up your cash flow. With a pension coming in, depending on your spending, you may not need to have much cash on hand. I set it up so that between retirement and SS/R...
by Leif
Sat Aug 22, 2020 11:11 am
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10349

Re: Is it time to hold cash instead of Bonds?

Just read this at Jonathan Clements at Humble dollar website. 4. Hold your nose and buy Treasurys. It isn’t easy to suggest buying government bonds when 10-year Treasury notes are yielding just 0.6%. But the past two bear markets—this year’s decline and 2007-09—offer an unequivocal lesson: If you wa...
by Leif
Sat Aug 22, 2020 11:00 am
Forum: Personal Investments
Topic: Roth IRA conversion between brokerages
Replies: 5
Views: 387

Re: Roth IRA conversion between brokerages

Just do the conversion at Wells and transfer Roth in kind to TDA. No need to leave a dime in the Roth at Wells. Just leave a $0 balance until you need to convert into it again. Cheers Do you know if I can do a partial transfer after the Roth conversion? I have a Roth at both Brokerage A and B. I wa...
by Leif
Fri Aug 21, 2020 1:51 am
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10349

Re: Is it time to hold cash instead of Bonds?

And do what? Sell and keep in a money market or HYS? Or buy stock? Sell, lock in gains, keep in cash to avoid term risk, then buy back in when yields go back up. Why exactly would you hold bonds when risk free high yield savings is giving you the same yield? In my experience the rates are not the s...
by Leif
Thu Aug 20, 2020 10:25 am
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10349

Re: Is it time to hold cash instead of Bonds?

VBILX ix still distributing 1.9% however it's rapidly going down each month, if it starts distributing around 1% there is no way I sm going to take 6 years worth of term risk for a 1% yield!!! And do what? Sell and keep in a money market or HYS? Or buy stock? HYS is about .8% now. If VBILX is <1% t...
by Leif
Tue Aug 18, 2020 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank Horror Story: Is this right?
Replies: 107
Views: 7993

Re: Ally Bank Horror Story: Is this right?

Shocking to hear that Ally, BoA and Citi all do this! Seems wrong - so were does the money go? They simply hold it in their own pockets? What a racket for them to hold cash without having to pay interest on it. Sticking with my local B&M for billpay which won't take my money until check is cashed. ...
by Leif
Sat Aug 15, 2020 11:07 pm
Forum: Personal Investments
Topic: Is it time to hold cash instead of Bonds?
Replies: 76
Views: 10349

Re: Is it time to hold cash instead of Bonds?

I was wondering about that as well. Most of my fixed income is in TBM. I guess leave it there. I have a 3%+ CD due 2023. I'll worry about it then, but I'll probably put it in the TBM at that time, assuming things remain about the same. Actually I wish rates would go up. Although a hit to my bond fun...
by Leif
Sat Aug 15, 2020 11:39 am
Forum: Investing - Theory, News & General
Topic: "Where Are the Liquid Alternative Shareholders’ Yachts?"
Replies: 64
Views: 5040

Re: "Where Are the Liquid Alternative Shareholders’ Yachts?"

nedsaid wrote: Thu Aug 13, 2020 11:55 pm What? Was there a bear market. Why it came and went so fast, I hardly even noticed!
Yep. Hardly enough time to do a single TLH round, much less multiple I did in '08-'09.
by Leif
Sat Aug 15, 2020 11:10 am
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 35
Views: 5324

Re: Latest Thoughts from Larry Swedroe

I thought his recent comments regarding concentration of the top 5 stocks by market cap Thanks for sharing. Did you mean this tweet only or was there an article about it? Thinking about diversification? As of 6/30 the top 5 companies in S&P 500 by market cap are larger than the bottom 350 companies...
by Leif
Mon Aug 10, 2020 1:17 pm
Forum: Personal Investments
Topic: Cash in portfolio
Replies: 9
Views: 829

Re: Cash in portfolio

My cash is part of fixed income in my portfolio. Being part of my portfolio gives me a better view of my financial position, which I track with a spreadsheet. My spreadsheets shows the % of portfolio, but I don't manage to a certain percentage. Instead I manage to cover my expenses for 1 year. FYI, ...