Search found 2774 matches

by am
Wed Dec 05, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 120
Views: 10864

Re: Retirement itch- when did you get it?

As an MD, I think about early retirement (early-mid 50s) all the time. I worry that because it is all consuming and has been my life for years, that I’l feel empty or lack purpose if I just completely get out. But the stress, long hours, corporate bs, productivity quotas and liability will make leav...
by am
Fri Nov 30, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 94
Views: 8949

Re: Larry Swedroe: Munis Increasingly Risky

If you buy a fund, like VWIUX, you need not worry about the tiny (0.03% in a Moody's report) default risk of A rated munis.Risk of AA was lower. https://www.gpo.gov/fdsys/pkg/CRPT-110hrpt835/html/CRPT-110hrpt835.htm If your fund holds one of them and the value goes to zero then you lose only that s...
by am
Wed Nov 28, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds - what's the consensus for this cycle?
Replies: 11
Views: 2747

Re: I-Bonds - what's the consensus for this cycle?

I bought some for the first time. I think .5% return above inflation and tax deferral without risk is a good deal. Will buy some more next year.
by am
Mon Nov 26, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 73
Views: 11323

Re: Worst investing year ever....

z3r0c00l wrote:
Mon Nov 26, 2018 9:28 pm
Well it was both boring and underwhelming, but I would take 2018 over 1930 any day.
It’s not over yet. A lot can happen in the last month.
by am
Mon Nov 26, 2018 10:00 pm
Forum: Investing - Theory, News & General
Topic: Anyone invest in Vanguard's Health Care Fund?
Replies: 20
Views: 1764

Re: Anyone invest in Vanguard's Health Care Fund?

For some odd reason, I am seriously intrigued by this fund. It's returned 16.52% since inception in 1984. I am 100% in index funds, but I am considering investing part of my Roth contributions for 2019 in this fund. Investing in this fund seems to be against every Boglehead principle out there, so ...
by am
Sun Nov 25, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: You’re Not As Rich As You Think You Are, And That’s Okay
Replies: 20
Views: 6028

Re: You’re Not As Rich As You Think You Are, And That’s Okay

JoMoney wrote:
Sun Nov 25, 2018 12:17 am
Pretty sure the 4% SWR was back-tested through periods of market highs as well, but maybe "this time is different" ;)
What did humans and their emotions change? There is no this time is different when markets operate as they should.
by am
Sun Nov 25, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Planning a trip to Iceland with kids
Replies: 12
Views: 1378

Planning a trip to Iceland with kids

Has anyone taken a trip for a week to Iceland with kids (mine 8-15 y/o?)? The flights from my city are red eyes but only 6 hours. We were planning on taking tours most days out of Reykjavik and using the public pools. Was the week interesting and enjoyable? Any tips or suggestions? Thanks.
by am
Sat Nov 24, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Small Value: 15 years of underperforming
Replies: 142
Views: 11164

Re: Small Value: 15 years of underperforming

Bogleheads: Inasmuch as this forum is dedicated to "Investing Advice Inspired by Jack Bogle," it is useful to listen to what he has to say: "The biggest mistake investors make is looking backward at performance and thinking it’ll recur in the future." https://www.aaii.com/journal/article/common-inv...
by am
Fri Nov 23, 2018 9:07 pm
Forum: Investing - Theory, News & General
Topic: ?Admiral share availability in other brokerages?[Yes, after a few weeks they are now appearing at other brokerages.]
Replies: 30
Views: 2961

Re: ?Admiral share availability in other brokerages?

Couldn’t buy total int or total stock this am at chase you invest. The admiral shares weren’t available and the investor shares were closed. Maybe temporary?
by am
Fri Nov 23, 2018 9:04 pm
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 75
Views: 5902

Re: You Invest from JP Morgan [free trades offer]

The only problem I had was when I tried to buy vanguard total us and int admiral mutual funds this morning. The system would not let me buy the funds. This is because Vanguard restricts admiral funds, not Chase. Hopefully this will change now that Vanguard is closing investor shares. The investor s...
by am
Fri Nov 23, 2018 8:44 pm
Forum: Investing - Theory, News & General
Topic: You Invest from JP Morgan [free trades offer]
Replies: 75
Views: 5902

Re: You Invest from JP Morgan [free trades offer]

My experience with Chase's You Invest has, in general, been very positive. It's a low-maintenance, easy-to-use format with a simpler focus than other brokerage houses (for better and for worse). Fees have been non-existent -- haven't paid for a single thing yet. I'm a Premier Checking customer with...
by am
Tue Nov 20, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: Regulators are investigating whether Bitcoin was propped up illegally
Replies: 30
Views: 2040

Re: Regulators are investigating whether Bitcoin was propped up illegally

Anyone still buying bitcoin?

I got caught up and bought some last Oct but quickly sold when I came to my senses. Anyone think bitcoin could have another rally in store or is the end?
by am
Mon Nov 19, 2018 9:26 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Munis Increasingly Risky
Replies: 94
Views: 8949

Re: Larry Swedroe: Munis Increasingly Risky

I am increasingly concerned about investing in vanguards interm. Muni fund which I’ve done for years. It’s like I’m seeing a disaster coming closer and not doing anything about it. If stocks were falling, I’d be ok buying more. For some reason, I expect my bonds to be more stable. Primarily for shor...
by am
Sun Nov 18, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Best headphones under 500 bucks
Replies: 79
Views: 6371

Re: Best headphones under 500 bucks

I went with the Sony WH1000XM3 Wireless Industry Leading Noise Canceling Over Ear Headphones, Black (WH-1000XM3/B) (2018 model) for 348 dollars. Have had them for about a week and real happy. Sound quality and comfort are perfect for me.
by am
Sun Nov 18, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 222
Views: 29265

Re: [Financial] Habits of the Rich

I seems like a sad state of affairs to think 1 year in your 20s is worth 10 in your 50s. Hmmm.. are you sure is not exactly the opposite? I definitely hope 20s are not comparable with my 50s :D Obviously the exact number for exemplification only. Maybe is 3 or 5 but the idea remains. Do you know ma...
by am
Sun Nov 18, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Veterans business bonds 5%
Replies: 4
Views: 349

Re: Veterans business bonds 5%

Did you download the prospectus and carefully read about the risks? It’s not insured, you can lose money. You are providing funding and relying on Streetshares to correctly underwrite the investment. If you are being paid 5%, how much is StreetShares making? I did not see the link for the prospectu...
by am
Sun Nov 18, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Veterans business bonds 5%
Replies: 4
Views: 349

Veterans business bonds 5%

https://streetshares.com/landing/vetera ... Newsletter

Anyone know if this is worth considering?
by am
Wed Nov 14, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

I had no problem doing a partial transfer through the branch. It took less than a week. But the cost basis data is not available yet but it’s only been one day? Do they post it later? With ACATS transfers, yes -- the cost basis data arrives in 2-3 days. But double check ! Ok, thanks. My etf wasn’t ...
by am
Wed Nov 14, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

Extremely frustrating experience so far: - No support for partial transfers online - For partial transfers, must do in paper, obtain notarization, and send in US Mail. No option for fax/email - No reimbursement for account transfer fees I completed all these steps, mailing off the transfer form on ...
by am
Mon Nov 12, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

Can anyone confirm that $5000 in a Youinvest IRA counts as an investment balance for the purpose of getting their checking account monthly minimum and fee waived? I don't believe retirement accounts count towards the minimum. They don’t for the purpose of obtaining a Sapphire bonus. However I canno...
by am
Mon Nov 12, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

https://www.pbs.org/wgbh/frontline/film/the-pension-gamble/ Here’s a nice documentary on Kentucky’s pension woes. Looks like there is already a short term danger of not paying obligations and major budget cuts. It’s hard to believe how badly the pension fund was managed. If only they did a 3 funder...
by am
Sun Nov 11, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

https://www.pbs.org/wgbh/frontline/film/the-pension-gamble/ Here’s a nice documentary on Kentucky’s pension woes. Looks like there is already a short term danger of not paying obligations and major budget cuts. It’s hard to believe how badly the pension fund was managed. If only they did a 3 funder ...
by am
Sun Nov 11, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

Even if the state pension is underfunded the employer(state) has an obligation to pay the state pensioners retirement pension in full, by law! So even if the pension plan has been mismanaged, the employer must still pay the pension in full. How? By raising taxes is one way. Reducing the state budge...
by am
Sat Nov 10, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

Nobody can know for sure, but there is a near 0% chance anything drastic happens. Likely the benefits will get tweaked down a small bit going forward at some point, but they won't alter anything already earned under current formula. Even in really bad situations, the state plans will get bailed out...
by am
Fri Nov 09, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

I also have a small pension in an underfunded state where benefits are protected by constitution. I’m also grandfathered into tier 1 which is the most generous old timer plan. I think there will likely not be any reduction in benefits. The cash flow from the state contribution + new workers contribu...
by am
Thu Nov 08, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: What to use for taxable fixed income- high bracket don’t like munis
Replies: 4
Views: 669

What to use for taxable fixed income- high bracket don’t like munis

I am in high tax bracket, don’t like munis much and was hoping for some ideas for fixed income taxable? Right now I’m doing an Ally CD until Jan after which my bonus should post. I also have some I bonds. I was wondering where I should place the low six figure sum once the Ally CD ends? I’ve had my ...
by am
Tue Nov 06, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Emerging Market Index: Fidelity or Vangaurd
Replies: 5
Views: 1034

Re: Emerging Market Index: Fidelity or Vangaurd

I believe they track different indexes and track different countries. I have a 403(b) at work and Vanguard Emerging Market Index isn't a choice offered through my plan 403(b) plan (choices are limited). I do have a Fidelity option and have invested part of of my 20% international allocation with FP...
by am
Mon Nov 05, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4445

Re: Question on the 4% withdrawal rule

Isn’t the idea that you’d continue with the 40k + inflation adjustment forever for a 1 mil portfolio because the good times balance out the bad over a multi decade retirement? It would be hard to stick to this if portfolio started running down or up significantly however. Or, using a constant perce...
by am
Mon Nov 05, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4445

Re: Question on the 4% withdrawal rule

Isn’t the idea that you’d continue with the 40k + inflation adjustment forever for a 1 mil portfolio because the good times balance out the bad over a multi decade retirement? It would be hard to stick to this if portfolio started running down or up significantly however. Or, using a constant perce...
by am
Sun Nov 04, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 493
Views: 49561

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

I’ve got 100k sitting in the no penalty cd for 2.1%. If the rates rise, can I break it and open a new one without risking the 1k bonus?
by am
Sun Nov 04, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone upgrading to sapphire banking at chase?
Replies: 12
Views: 1385

Re: Anyone upgrading to sapphire banking at chase?

I'm interested, but want the $750, not the points, so I'm waiting to see offer becomes public. I find the points valuable and 60000 is worth 900 bucks in travel since I have a sapphire reserve card and use the portal which I heard uses Expedia now. One downside is that the points are taxed for this...
by am
Sun Nov 04, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone upgrading to sapphire banking at chase?
Replies: 12
Views: 1385

Anyone upgrading to sapphire banking at chase?

I just heard about a 60000 point ultimate rewards offer for an upgrade to sapphire banking at chase. There are some nice perks as well like free wires, refunded atm fees worldwide, free safety deposit box, free checks. I was thinking of transferring 75k of total market vanguard etf to you invest at ...
by am
Sun Nov 04, 2018 9:57 am
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4445

Re: Question on the 4% withdrawal rule

Isn’t the idea that you’d continue with the 40k + inflation adjustment forever for a 1 mil portfolio because the good times balance out the bad over a multi decade retirement? It would be hard to stick to this if portfolio started running down or up significantly however. if you have a great bull m...
by am
Sun Nov 04, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4445

Re: Question on the 4% withdrawal rule

Isn’t the idea that you’d continue with the 40k + inflation adjustment forever for a 1 mil portfolio because the good times balance out the bad over a multi decade retirement? It would be hard to stick to this if portfolio started running down or up significantly however.
by am
Sat Nov 03, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: Brett Arends: Here's a simple way to beat a bear market
Replies: 38
Views: 5263

Re: Brett Arends: Here's a simple way to beat a bear market

Buy, hold, and rebalance has worked well in the past. Why do you need to avoid the next bear? Just buy more.
by am
Sat Nov 03, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8598

Re: WSJ FIRE

It’s amazing to me how a lawyer in late 30s was able to save 1.5 mil assuming no inheritance? I’d rather work later or find something more tolerable and lower paying then live like a college student or close to poverty.
by am
Sat Nov 03, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: i-bonds vs muni bond
Replies: 18
Views: 3458

Re: i-bonds vs muni bond

I have $10k to invest. I want to de-risk my taxable account a bit more, so I'm considering adding to my VWIUX holding (2.75%), or buying some i-bonds (2.83%). What are the typical things I should consider here? Just how much risk I'm willing to absorb? Does this question become kind of redundant wh...
by am
Sat Nov 03, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8598

Re: WSJ FIRE

Definitely came across as a reasonably balanced piece, and the issues they raised are pretty legitimate IMO (e.g. excessive frugality & transparency). My only nit: they reference some absurd 4.5% withdrawal rate, when almost nobody in the FIRE or Bogleheads world would suggest such a thing. Thanks ...
by am
Wed Oct 31, 2018 7:04 am
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

Just for clarification, I have a Chase Premier account and wasn't aware of the Sapphire bonuses. My original account was with a local savings and loan. Over the last 40 years, the bank has been bought out by 4 different banks. I have stayed with all of them because I have a large safe deposit box. ...
by am
Tue Oct 30, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

I am in the process of doing this. There is a $75 transfer fee out if you don't want to liquidate to cash. Vanguard prime money market has a $3000 minimum with no commission. I actually want to use this for the foreseeable future though for the free atm's, free business checking, free wires, free s...
by am
Tue Oct 30, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

It's not a liquidation fee, there's a $75 fee to ACAT transfer assets out of the account. You can always sell and transfer cash out for free. Right but that has tax implications like capital gains, etc. Do you know if they charge money to buy vanguard money markets since there would be no tax conse...
by am
Tue Oct 30, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 6285

Re: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]

I wish I felt the same as OP, but I think VXUS's constant, and I mean constant underperformance compared to VTI is due to an increasing awareness that the world outside the US is just determined to fail :oops: Nonetheless.. will continue to balance to world cap. I shall follow my investment plan of...
by am
Tue Oct 30, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 58
Views: 5982

Re: You Invest by JP Morgan Chase

Worth mentioning here (perhaps it's why OP posted this question) that Chase is running a promotion for 60,000 Ultimate Rewards points if you have a credit card in the Freedom or Sapphire families and open (or upgrade to) Sapphire Banking. You need to bring over at least $75K. It makes no sense to p...
by am
Tue Oct 30, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Anyone else feel giddy every time VXUS gets creamed? [Vanguard Total International]
Replies: 69
Views: 6285

Re: Anyone else feel giddy every time VXUS gets creamed?

Nah. Can't say I do. I'm still not convinced that I'm not throwing good money after bad, but hopefully I'm wrong. I think it's fine. Over the long-term, 6,500 stocks that represent the majority of publicly-traded companies that are domiciled outside the US can't be bad. For what it's worth, my oper...
by am
Tue Oct 30, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3961

Re: Second thoughts about munis (wsj article)

Are you saying cash flows/contributions from current workers and gov. into pension system > then current payouts to retirees is all that is needed for defaults to not occur? Why even care about invested reserves? What will be the trigger for defaults then? Is the problem the compounding inflation a...
by am
Tue Oct 30, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3961

Re: Second thoughts about munis (wsj article)

Much of unfunded pension liabilities is a paper accounting exercise. As long as the cash flows are positive, there is no default, and there may not be one for many years. I readily agree that municipalities have large unfunded pension liabilities. The question is: when do those liabilities cause th...
by am
Sun Oct 28, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3961

Re: Second thoughts about munis (wsj article)

integrity wrote:
Sun Oct 28, 2018 8:27 am
If I own the MA muni fund (VMATX), do I need to be worried about the IL and PR and Detroit defaults in the same way that a holder of the nonspecific muni funds might?

Hint: not really
Defaults nationwide will cause your fund to drop much more than you think.
by am
Sun Oct 28, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3961

Re: Second thoughts about munis (wsj article)

From what I recall, highly rated munis have had an extremely low default rate, even in the worst of times. One can limit purchases to general obligations, essential service, and high rating. Dave Except the worst times of the past didn’t have multi billion dollar pension obligations that were terri...
by am
Sun Oct 28, 2018 7:18 am
Forum: Investing - Theory, News & General
Topic: Second thoughts about munis (wsj article)
Replies: 47
Views: 3961

Re: Second thoughts about munis (wsj article)

https://www.wsj.com/articles/prophet-of-muni-market-doom-wasnt-wrongjust-early-1540554098 Read through this and thinking of keeping my taxable fixed income in cds and high yield savings instead of munis. I feel like the risk may not be worth it even at my higher bracket. Thoughts? What did the arti...