Search found 3953 matches

by Artsdoctor
Sun Aug 18, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: TIPs Intellectual Exercise
Replies: 2
Views: 360

Re: TIPs Intellectual Exercise

Whenever the word "cheap" is used, there's probably always a comparison. Still, it's very hard to label TIPS as "cheap" right now if the 10-year TIPS has a real yield of 0% (or less). The thread above is already old. I've been buying individual TIPS for over a decade and these yields are really scra...
by Artsdoctor
Sat Aug 17, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 97
Views: 10157

Re: Do Bogleheads plan to utilize Independent Living facilities?

My suggestions. If you have children, live closet to the one in the LCOL area. Staying in your home and then an apartment as long as possible. When it is time to move to AL and then possibly MC choose or negotiate with a facility that will accept medicare. To set the record straight: Medicare will ...
by Artsdoctor
Fri Aug 16, 2019 6:12 pm
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 22
Views: 2005

Re: Minimal Cash and Bonds in Portfolio

^ I'm definitely eager to learn different ways of handling personal finance and I realize that "one size does not fit all." There are certainly people who have so much capital that they can live comfortably on the dividends alone (no matter what happens to the principal). This is a tiny percentage o...
by Artsdoctor
Fri Aug 16, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Use Vanguard MM Prime for cash rather than local bank?
Replies: 69
Views: 6640

Re: Use Vanguard MM Prime for cash rather than local bank?

We have too much money in our bank's checking accounts that pay little or no interest. We are thinking of minimizing the amounts in these accounts and instead using Vanguard MM Prime to hold cash that we do not need on a day-to-day basis since MM Prime pays 2% or more. The only problem we foresee i...
by Artsdoctor
Fri Aug 16, 2019 9:16 am
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 22
Views: 2005

Re: Minimal Cash and Bonds in Portfolio

I want to get a sanity check and really appreciate the fine minds at BH's. I am 67, have about $7M in assets, about 50% in rental real estate and about 50% in index stock funds. The $3.5M I have in index funds is almost entirely in S and P 500 Index and International Index funds (although I do keep...
by Artsdoctor
Thu Aug 15, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 97
Views: 10157

Re: Do Bogleheads plan to utilize Independent Living facilities?

It's almost always the case that people want to maintain their independence and "age in place." Like most things, this will depend a lot on money, but it will also depend on family support. This is an uncomfortable topic but I run across it frequently with patients, and it's a very rare family that ...
by Artsdoctor
Mon Aug 12, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Using a payroll service for an independent caregiver
Replies: 9
Views: 606

Re: Using a payroll service for an independent caregiver

My sisters and I are hiring an independent caregiver to help our father (dementia) and stepmother (leukemia) who live in Virginia. All of us live at least a couple hours away although we are rotating spending time there. We are trying to understand the ins and outs of withholding and reporting requ...
by Artsdoctor
Sat Aug 03, 2019 8:29 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 121
Views: 24798

Re: Jack Bogle - Two Fund Portfolio

Bogleheads, Jack Bogle often recommends a simple investment portfolio of Total Stock and Total Bond. He has also recommended a simple Balanced Index fund. I have family that invest in the simple two fund portfolio that Jack recommends and are very satisfied with the simplicity and investment result...
by Artsdoctor
Sat Aug 03, 2019 7:47 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

*SNIP* I don't see him in that light. I think that he had decades of experience which served him very well over the course of his life. I never really interpreted his actions as "never changing." For years and years, he advocated the S&P 500 as the index of choice, long after Total Market became av...
by Artsdoctor
Sat Aug 03, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

... But just because he did something personally doesn't necessarily mean that we all just do whatever he did without understanding why. If you're making investment decisions based on something that someone told you to do, it's OK to say it that way. But why wouldn't you be open to exploring more d...
by Artsdoctor
Sat Aug 03, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

I have to admit, this thread is one of the better "why international?" threads we've had. There's some concern about what we, as a forum, are offering new investors in terms of asset allocation. I think that the concern is valid, especially when you look at how this thread started. When you're talki...
by Artsdoctor
Fri Aug 02, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

Take a look at the target date funds from Vanguard, American Funds, Fidelity, BlackRock, JPMorgan, TIAA-CREF, John Hancock, Schwab, Voya, State Street, DFA, MFA, Wells Fargo, etc. and see if you can find even one that allocates less than 35% of equities to ex-US stocks. There are those target date ...
by Artsdoctor
Thu Aug 01, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.
Replies: 53
Views: 7023

Re: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.

^ You're obviously a very kind person, and I agree with your statement overall. My issue with Sommer is not personal but professional. He is salaried to write a column in the largest paper in the country. Because of this, I think he's held to a higher standard than most. (I acknowledge that many wou...
by Artsdoctor
Thu Aug 01, 2019 12:42 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

There is no consensus among "professionals". For example, the professionals at the well-known private bank that my dad uses have been allocating 15% to ex-US, and of course Bogle and Buffett recommended none. There is a pretty good chance that your dad's advisors are either telling him what they th...
by Artsdoctor
Thu Aug 01, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 910
Views: 101622

Re: Fidelity as a one stop shop

Although I use the CMA because I prefer having 1 month of expenses in FDIC, the interest you'll make by using the brokerage instead would probably more than offset any ATM fees redunded by the CMA. The large investment houses like Vanguard, Fidelity, and Schwab are going to have safe money market f...
by Artsdoctor
Thu Aug 01, 2019 9:21 am
Forum: Personal Investments
Topic: Muni bonds for CA
Replies: 15
Views: 985

Re: Muni bonds for CA

As far as I know, the only reason to use VCTXX (California Municipal Money Market) instead of VUSXX (Treasury Money Market) in the current yield environment is if you are saving less than the latter's $50K minimum. Counting the state tax exemption of the latter, it has better yield with less credit...
by Artsdoctor
Wed Jul 31, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.
Replies: 53
Views: 7023

Re: Investors Are Usually Wrong. A NYT Columnist (Finally) Admits He's One of Them.

There are few personal finance columnists I seem to ignore more consistently than Jeff Sommer, whose topics and advice must be written for someone other than me. Yet this week, the columnist has written what seems a genuinely enlightened piece. Hopefully, this marks a personal evolution milestone a...
by Artsdoctor
Wed Jul 31, 2019 8:00 pm
Forum: Personal Investments
Topic: Muni bonds for CA
Replies: 15
Views: 985

Re: Muni bonds for CA

As far as I know, the only reason to use VCTXX (California Municipal Money Market) instead of VUSXX (Treasury Money Market) in the current yield environment is if you are saving less than the latter's $50K minimum. Counting the state tax exemption of the latter, it has better yield with less credit...
by Artsdoctor
Wed Jul 31, 2019 7:57 pm
Forum: Personal Investments
Topic: Muni bonds for CA
Replies: 15
Views: 985

Re: Muni bonds for CA

2. In general, if you're going to be buying a bond fund, take a look at the average maturity and duration. If the maturity and/or duration is significantly longer than your time frame for needing the money, avoid the fund. For example, if you need the money in one year and you're looking at an inte...
by Artsdoctor
Wed Jul 31, 2019 7:53 pm
Forum: Investing - Theory, News & General
Topic: What are the effects of the recent Feds Rate Cut?
Replies: 28
Views: 3831

Re: What are the effects of the recent Feds Rate Cut?

^ Regarding TIPS, I don't know if it was a liquidity issue. I don't remember it way but it was a long time ago. Somewhere in the recesses of my mind, I remember Lehman flooding the market with TIPS, the price plummeted, and the real yield was in the 3% range. My point being that there are sometimes ...
by Artsdoctor
Wed Jul 31, 2019 6:36 pm
Forum: Personal Investments
Topic: Muni bonds for CA
Replies: 15
Views: 985

Re: Muni bonds for CA

For your time frame, you might split between CA Intermediate-Term Tax-Exempt and CA Tax-Exempt Money-Market; a 50/50 mix of the two would have the duration of a short-term bond fund. This is a good compromise, I think. I really would like to be in the long-term tax-exempt fund as well, but maybe 2 ...
by Artsdoctor
Wed Jul 31, 2019 6:27 pm
Forum: Investing - Theory, News & General
Topic: What are the effects of the recent Feds Rate Cut?
Replies: 28
Views: 3831

Re: What are the effects of the recent Feds Rate Cut?

Even further removed..... The 5 year TIPS real rate increased 2 bps while the 10 year TIPS real rate dropped 2 bps. Go figure! :confused TIPS and nominal treasuries are two completely different animals. Although trends might be similar in some situations, they can be incredibly disparate in others....
by Artsdoctor
Wed Jul 31, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Recurring QCDs?
Replies: 7
Views: 671

Re: Recurring QCDs?

Get vanguard to issue you a checkbook for your IRA. Then write a regular check to your charity when you want. Very easy. Good luck. Seriously?!? That's brilliant. I thought you have to fill out those forms. I suppose the forms are there so that people don't mess things up with checks but writing th...
by Artsdoctor
Wed Jul 31, 2019 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 910
Views: 101622

Re: Fidelity as a one stop shop

I talked with a rep today and they told me that > 100k would qualify me for premium client status so I would get free ATM withdrawals from the investment/brokerage account. If that is the case I'm not sure of the point to the CMA. Is there a benefit to having both in this case? No. I use an isolate...
by Artsdoctor
Wed Jul 31, 2019 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I stop pre-tax savings due to probable future value and future tax brackets.
Replies: 36
Views: 2303

Re: Should I stop pre-tax savings due to probable future value and future tax brackets.

It's incredibly difficult to predict the future. Overall, it's most beneficial to make decisions based on what's applicable now. You might consider some maneuvers if there's pending legislation within the next several months or if there's an exceptionally strong agenda on the part of Congress. Other...
by Artsdoctor
Wed Jul 31, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

Investing is not an exact science. But so far, there are two pages of opinions only in this thread (and there will be more). When I choose my investment strategies, I try to have some sort of data to back up my decision, knowing that the data may not be complete. Why not start with a position paper...
by Artsdoctor
Tue Jul 30, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: What's your Uber passenger rating?
Replies: 118
Views: 6019

Re: What's your Uber passenger rating?

You often get a four if you don’t tip. Five if you do. If you need to use the app to tip, tell them before you get out of the car. Other than that, just be nice person and your rating will be fine. And for those of you that will just use a taxi, I can usually get a new uber / lyft car to my place o...
by Artsdoctor
Tue Jul 30, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Why Mr. Bogle prefers U.S stocks
Replies: 241
Views: 16520

Re: Why Mr. Bogle prefers U.S stocks

Investing is not an exact science. But so far, there are two pages of opinions only in this thread (and there will be more). When I choose my investment strategies, I try to have some sort of data to back up my decision, knowing that the data may not be complete. Why not start with a position paper ...
by Artsdoctor
Fri Jul 26, 2019 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 910
Views: 101622

Re: Fidelity as a one stop shop

Curios if Vanguard will ever create a bank. A few years ago there were some surveys floated about the possibility. There are articles online that were interesting to read. The Vanguard Advantage plan allowed customers to almost use Vanguard as a bank and it was an utter failure. Vanguard is shutter...
by Artsdoctor
Fri Jul 26, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: PPO vs HMO
Replies: 18
Views: 1410

Re: PPO vs HMO

When a serious health issue strikes you want the best doctor available not the best in plan. When I had two kids in or ready for college my wife got a very serious illness. We were lucky to be able to connect with a world class physician. My work plan choice was a PPO rather than a less expensive H...
by Artsdoctor
Fri Jul 26, 2019 11:37 am
Forum: Investing - Theory, News & General
Topic: Donor-advised fund versus direct stock donation
Replies: 41
Views: 1888

Re: Donor-advised fund versus direct stock donation

Fourth, it's true that you have restrictions on appreciated assets: 30% of your AGI. However, you may be able to control your AGI more than you think. If you're going to really make a very large contribution to your DAF in proportion to your AGI, consider also converting money from an IRA to a Roth...
by Artsdoctor
Thu Jul 25, 2019 4:20 pm
Forum: Personal Investments
Topic: Donor Advised Fund: Asset Allocation
Replies: 13
Views: 805

Re: Donor Advised Fund: Asset Allocation

I have changed our DAF investments significantly since I opened our first DAF about 15 years ago. I used to transfer over appreciated assets that might be one year's worth of donations. I learned some valuable lessons in charitable giving during the 2008-2009 meltdown (hard to get excited about dona...
by Artsdoctor
Thu Jul 25, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: Donor-advised fund versus direct stock donation
Replies: 41
Views: 1888

Re: Donor-advised fund versus direct stock donation

David, There are a lot of moving pieces in your outline. Let me see if I can answer some of your questions, admittedly based on my own experiences, as well as some of the questions posted above. First, you used Vanguard Charitable in your example. This is fine although Fidelity's and Schwab's DAFs h...
by Artsdoctor
Thu Jul 25, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: Early retirement - when to start thinking about less equity?
Replies: 34
Views: 3007

Re: Early retirement - when to start thinking about less equity?

Trying to get control of healthcare costs is one of the most debated topics in America right now. Generally, many would acknowledge that trying to predict out-of-pocket healthcare expenses in this turbulent environment is not possible. The one thing that most experts would agree on is that the volat...
by Artsdoctor
Thu Jul 25, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 157
Views: 14164

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

Investing is specific to each person. There are no rules of thumb. Too much of what is discussed in the public domain attempts to define the "average investor." The problem with that logic is there's no such thing as an average investor. But, that's what people want to know about. Rick Ferri I coul...
by Artsdoctor
Thu Jul 25, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 71
Views: 8811

Re: DAF for church offering? [Donor Advised Fund]

If one contributes to a charity through via a previously funded DAF, will an employer typically still match the annual distributions from the DAF? There is no harm in asking. They're not obligated to do it, but I think that there would be a good chance they might. I've found that if I contribute to...
by Artsdoctor
Wed Jul 17, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home; Very HCOL Area
Replies: 40
Views: 3819

Re: Buying a home; Very HCOL Area

HCOL Area, property taxes well north of 10K annually (for not much property) - Is there ever a break-even point where home ownership in these kinds of areas are actually "worth it" financially? Perspective: In my area, you are spending 400K for a "fixer upper". For half a million, you're buying som...
by Artsdoctor
Wed Jul 17, 2019 6:07 pm
Forum: Personal Investments
Topic: What is your Re-balancing Trigger?
Replies: 28
Views: 1911

Re: What is your Re-balancing Trigger?

Extensive analysis shows that there is no game to play here. .... I guess some of us are lucky that some people did not get stopped by such statements. I'm thinking people like Black, Scholes, et al. Hmmm, I wonder ... one always has the option of rebalancing, so how to price that? Very quick-witte...
by Artsdoctor
Tue Jul 16, 2019 6:55 pm
Forum: Personal Investments
Topic: Transitioning to liability driven investment (LDI) approach in early retirement
Replies: 10
Views: 1006

Re: Transitioning to liability driven investment (LDI) approach in early retirement

The only thing I'd suggest in building a TIPS ladder is to start from end and work backwards (starting with the longest bond). The reason I've found this helpful, as Pfau points out, is that the coupons from the bonds will help make up your annual income. Although some bonds will have small coupons,...
by Artsdoctor
Mon Jul 15, 2019 7:43 pm
Forum: Personal Investments
Topic: Transitioning to liability driven investment (LDI) approach in early retirement
Replies: 10
Views: 1006

Re: Transitioning to liability driven investment (LDI) approach in early retirement

Generally, you'd want to map out your annual floor, year by year, taking the social security, pension, and TIPS ladder into consideration, all adding up to your $70,000 floor. The amount each year that will come from TIPS will vary (no social security now, but will kick in later). There are several ...
by Artsdoctor
Sat Jul 13, 2019 7:55 pm
Forum: Personal Investments
Topic: Transitioning to liability driven investment (LDI) approach in early retirement
Replies: 10
Views: 1006

Re: Transitioning to liability driven investment (LDI) approach in early retirement

This is a very large topic. In your particular case, there are a lot of moving pieces: a pension, social security, and your current situation since you're already retired. If you're really interested in building a liability matching portfolio, I'd suggest that you read Michael Zwecher's book, "Retir...
by Artsdoctor
Thu Jul 11, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 5071

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

Based on this model asset allocation of the ultra-wealthy, it appears that they invest very differently from average investors. 26% - Real Estate 25% - Private Equity 22% - Public Equities 12% - Cash 9% - Fixed Income 5% - Hedge Funds 1% - Miscellaneous 0% - Currencies & Commodities https://i.ibb.c...
by Artsdoctor
Thu Jul 11, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Best way to deposit Euros to a US Bank
Replies: 36
Views: 2447

Re: Best way to deposit Euros to a US Bank

Thank you for the suggestions everyone. It's sort of a complicated situation I have; I'm an American living in Mexico, my girlfriend is a European working in China for the next few months. The money belongs to her and represents what she has saved over the last year while working. She wants to get ...
by Artsdoctor
Thu Jul 11, 2019 9:16 am
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 7067

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

I have TSA-Pre but not global entry. I tried the mobile app coming into LAX, LAX (as usual) was pretty disorganized, there were no signs but I think a guy waived me through a mobile only line. Took same amount of time as for regular line. I've seen actual kiosks at SFO, but not at LAX (may have bee...
by Artsdoctor
Thu Jul 11, 2019 9:15 am
Forum: Personal Investments
Topic: Prime Money Market or Total Bond Market
Replies: 63
Views: 7044

Re: Prime Money Market or Total Bond Market

^ You can pick a duration and stick with it. A lot of people don't understand how duration is calculated or what it means. It's meant to reflect the degree of volatility and it is designed to help an investor compare funds (or individual bonds). As the interest rates falls, your duration is going to...
by Artsdoctor
Wed Jul 10, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to deposit Euros to a US Bank
Replies: 36
Views: 2447

Re: Best way to deposit Euros to a US Bank

I have about $10,000 Euros in Cash that I would like to get deposited into one of my US accounts with minimal transaction fees, but am unsure what the best method would be. My only checking account is with Schwab, but I also have Savings/Credit Cards/Brokerages with Marus, AMEX, Chase, Vanguard, Fi...
by Artsdoctor
Wed Jul 10, 2019 7:45 pm
Forum: Personal Consumer Issues
Topic: WaPo: "Mobile Passport" is the best-kept secret in air travel
Replies: 47
Views: 7067

Re: WaPo: "Mobile Passport" is the best-kept secret in air travel

Sounds great. I've used Global Entry for many, many years now (I think going back to the beginning?) and have had no problems whatsoever, even with renewal. However, it can be expensive to set up and going to the airport for the interview is a small pain so Mobile Passport can be attractive for a lo...
by Artsdoctor
Wed Jul 10, 2019 7:31 pm
Forum: Personal Investments
Topic: Prime Money Market or Total Bond Market
Replies: 63
Views: 7044

Re: Prime Money Market or Total Bond Market

Interesting debate. I like having a plan like anyone else. At some point, I personally step back and ask myself if my next step makes sense. Today, the 3-month treasury bill is yielding 2.22%. The 10-year bond is yielding 2.04%. You can say what you will regarding inverted yield curves, but I would...
by Artsdoctor
Tue Jul 09, 2019 7:38 pm
Forum: Personal Investments
Topic: Life-strategy MODERATE growth and Life-strategy GROWTH for 70/30 mix?
Replies: 42
Views: 2457

Re: Life-strategy MODERATE growth and Life-strategy GROWTH for 70/30 mix?

You're going to do much, much better understanding what you need, how you're going to accomplish it, and then adapting that plan to life's variables. There cannot be any argument there. Actually, I think there's a good argument to be made there. We have lots of evidence that the vast majority of pe...