Search found 58 matches

by HanSolo
Wed Oct 23, 2019 5:31 am
Forum: Personal Finance (Not Investing)
Topic: What happens if Nursing Home Medicaid recipient inherits money?
Replies: 6
Views: 1092

What happens if Nursing Home Medicaid recipient inherits money?

What happens if someone is a long-term nursing home resident, paid for by Medicaid, and they inherit money? Will Medicaid (which I guess means the state, as I understand Medicaid is a federal program that is state-administered) confiscate all (or most) of it? The person has social security income be...
by HanSolo
Tue Oct 08, 2019 5:43 pm
Forum: Personal Investments
Topic: New investor... Am I crazy?
Replies: 42
Views: 4078

Re: New investor... Am I crazy?

Another possibility is a balanced fund. There are different balanced funds available with different stock/bond allocations (including Target Retirement funds which adjust the allocation over time). Some are index funds and some actively-managed. Some include international stocks/bonds and some don't...
by HanSolo
Tue Oct 08, 2019 5:06 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 242
Views: 28273

Re: Index Funds Bubble? [Michael Burry article]

alex123711 wrote:
Thu Sep 19, 2019 12:19 am
I would be interested to hear Warren buffets opinion on this, if he has made one?
Warren Buffett suggested that a low-cost index fund is probably the best investment most people could make.

https://www.youtube.com/watch?v=rEX81lGhMwM
by HanSolo
Sat Oct 05, 2019 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can retirees (low income, high net worth) qualify for AmEx (or other CCs)?
Replies: 5
Views: 1033

Re: Can retirees (low income, high net worth) qualify for AmEx (or other CCs)?

mariezzz wrote:
Sat Oct 05, 2019 11:15 pm
You should have no problem receiving an AmEx if you report an income of 50K.
In the scenario I described, is there some lower income level that would push the envelope on qualifying, like 28K? Or 18K?

Let's assume a no-annual-fee card, as you said (say, AmEx Blue Delta card, for example).
by HanSolo
Sat Oct 05, 2019 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Can retirees (low income, high net worth) qualify for AmEx (or other CCs)?
Replies: 5
Views: 1033

Can retirees (low income, high net worth) qualify for AmEx (or other CCs)?

Can a person with low income (but high net worth) qualify for American Express (or other credit cards)? AmEx (and other issuers) ask for income at application time. At what income level would qualifying be an iffy proposition? For example, let's say it's a single retiree with a high credit rating, o...
by HanSolo
Fri Oct 04, 2019 7:26 pm
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 57
Views: 4591

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

Etrade has a national ATM fee rebate deal. Schwab has one that's fee-free worldwide, so that's good if you travel internationally. But I don't suppose you'll get a hefty sign-up bonus. My main qualm with a potential move to eTrade is how long they will last as an independent broker. They won't fail...
by HanSolo
Fri Oct 04, 2019 4:13 pm
Forum: Investing - Theory, News & General
Topic: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund
Replies: 68
Views: 7420

Re: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund

Responding to some earlier posts... What gets me is the emphasis here on "market beating returns." For a fund that has no track record. It's modified by the weasel-word "seeking" but that pitch is SO unBogle-ish. OK, so I'm going to be a bit of a devil's advocate here (or some might say unBogle's ad...
by HanSolo
Sat Sep 28, 2019 3:31 am
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 23135

Re: Why does dividend investing not work?

This is one thing I think bogleheads are slightly hypocritical on. They have no problem investing in the S&P500, the vast majority of which pays dividends. Those companies, led by the brightest management in the world, decided that paying dividends is a smart idea.... Yes, but I think you meant "so...
by HanSolo
Fri Sep 27, 2019 4:12 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 23135

Re: Why does dividend investing not work?

Why is the question always an asked as an "either or"? I guess it's because one either has a dividend tilt, or they don't. That being said, I do own both a fund with dividend-equities tilt (Wellesley Income, in IRA) and a fund without dividend-equities tilt (Tax-Managed Balanced, in taxable). My po...
by HanSolo
Fri Sep 27, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 23135

Re: Why does dividend investing not work?

I like a company to pay dividends, so when it goes belly-up, at least I got something out of it. Note that bondholders are senior to common stockholders at liquidation time. That's why money in the corporate treasury is not equivalent to money already transferred to your bank account via dividend pa...
by HanSolo
Thu Jul 25, 2019 8:17 am
Forum: Investing - Theory, News & General
Topic: Is there a High Tech Bubble in S&P 500 & Total Market?
Replies: 152
Views: 10955

Re: Is there a High Tech Bubble in S&P 500 & Total Market?

Think about the scope of what these companies do and the impact they have on your life. I'm aware that they're all the rage (FAANG), but they have little effect on my life, especially economically. It's just my personal lifestyle preference. I don't invest in Total Market for precisely the cited re...
by HanSolo
Thu Jul 04, 2019 1:56 pm
Forum: Personal Investments
Topic: Gold & Silver in a portfolio
Replies: 61
Views: 3161

Re: Gold & Silver in a portfolio

Various articles on this, but this is one: https://www.forbes.com/sites/oliviergarret/2017/03/09/3-reasons-why-investors-should-avoid-gold-etfs/ While it does contain some interesting commentary, the article appears to be an ad. Bogle himself explicitly recommended a 5% allocation to gold at one po...
by HanSolo
Wed Jun 05, 2019 11:50 am
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

I surely don't see this as a scam. You changed to another Amazon locker, and free shipping was available. As someone pointed out earlier, Amazon has said that free shipping is not available at SOME lockers. So perhaps their help page could be enhanced, or even the commit page changed to show why fr...
by HanSolo
Wed Jun 05, 2019 2:25 am
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

Of course. Give 'em a call. In my experience, they provide great customer service and will likely credit your account some amount of money for your troubles. There's no need to call them for crediting the shipping fees since I found a way to resolve that (as I reported above). So the only reason le...
by HanSolo
Tue Jun 04, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

OP, I guess you missed this response early in the discussion: Nope, didn't miss it. Contrary to the cited response, I eventually succeeded in getting it shipped for free to an Amazon Locker without Prime (see my last post, above). Also, from Amazon's website: Standard Shipping and FREE shipping may...
by HanSolo
Tue Jun 04, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

I logged in using a different non-prime associated email address and got four options as many point out above using my home address. However, when I changed the delivery address to the locker shown in the above picture, I only get the one option. So the "bug" is because of your chosen delivery loca...
by HanSolo
Tue Jun 04, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

https://i.ibb.co/r7spwdK/AZ-05.png Click the "Details" link and read what it says. I did already (as I explained above, "I read that before"). I am paying Prime and getting free shipping. To me you should not get free shipping excepting the greater than $25 purchase. Why should you get free for fre...
by HanSolo
Mon Jun 03, 2019 11:30 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

Note that there are these conditions: Do one of the following: (snip) Yes, I read that before. The problem is that the options they say to click on don't appear on the screen. I'm not a prime member and I get these options for the link for braun: Choose a delivery option: (snip) That's interesting....
by HanSolo
Mon Jun 03, 2019 10:26 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

If it’s really only giving the next day shipping price and you can’t select slower shipping, there’s probably a bug. Either contact customer support, or wait a day and see if the problem goes away. Interesting that this "bug" has been discussed (as I noted above) since 2015 and there are still repo...
by HanSolo
Mon Jun 03, 2019 10:07 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Re: Amazon free shipping, bait-and-switch?

If your order totals to $25 worth of items shipped by Amazon, you can get the free shipping. I've never had a problem - one of the shipping options is the free shipping. Are you on Prime? The item currently exhibiting the problem is this one (https://www.amazon.com/Braun-Cutter-Replacement-Compatib...
by HanSolo
Mon Jun 03, 2019 9:56 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipping, bait-and-switch?
Replies: 46
Views: 4704

Amazon free shipping, bait-and-switch?

I don't buy on Amazon very often, but a high percentage of the times I tried to, it says the item has free shipping, but then at checkout, it charges for shipping and does not offer any non-free shipping options. This seems to be a bait-and-switch. I'm not in Prime, and I'm aware that I could get fr...
by HanSolo
Fri May 24, 2019 11:49 pm
Forum: Investing - Theory, News & General
Topic: Who killed value?
Replies: 23
Views: 2671

Re: Who killed value?

Love to hear this talk if value dead. So it’s orobabky a good time to buy some. I got lucky and was invested big in growth / didn’t realize what I was doing. I still don’t know what I’m doing - but as a counterweight to growth, sp500 in my 401K ($400K) I’ve put away about 100K in Wellington (value ...
by HanSolo
Tue May 21, 2019 8:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

There is nothing "value" about market timing. Call it what you want, but it IS market timing. Here are some quotes about it . The person who posted there expressed an interest in Buffett's views. Buffett is a well-known value investor. I see from online sources that he applies valuation concepts no...
by HanSolo
Tue May 21, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

I'm as close to 100/0 as I can be, so all this rebalancing doesn't apply to me, but I'm very curious why your argument is that (s)he should be 80/20 instead of 75/25 because "the other 5% is suffering from time out of the market." Why is the line drawn there instead of 85/15 because "the other 10% ...
by HanSolo
Tue May 21, 2019 7:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

gilgamesh wrote:
Tue May 21, 2019 7:24 pm
I’ve addressed that issue of 80:20 vs 75:25 previously as well.
Not in a post where you were responding to me.

Conclusion: your allocation decisions work for you, and mine work for me. Congrats!
by HanSolo
Tue May 21, 2019 7:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

That sounds like it would change the AA - that’s interesting. I’d like to know how you went from fixed to equity and not change your AA. I addressed the AA question in my earlier post. About 75:25, why? Well, I can't say what you should or shouldn't do, as your reasoning is for you and my reasoning...
by HanSolo
Tue May 21, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

All else is certainly not equal...what’s not equal is the money you are holding, and waiting for a stock sale is out of the market. Historically it would have been better if you bought as soon as possible and not wait for a stock sale ...time in the market and not timing the market has historically...
by HanSolo
Tue May 21, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

All else is certainly not equal...what’s not equal is the money you are holding, and waiting for a stock sale is out of the market. Historically it would have been better if you bought as soon as possible and not wait for a stock sale ...time in the market and not timing the market has historically...
by HanSolo
Tue May 21, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

The thread teaches over and over again that a stock market free fall is not a reason to sell stocks. Yes. But it may be a reason to buy stocks, no? To me, the stock market is like Macy's. I buy when there's a sale. Historically this has resulted in lower returns - I mean the stock market and not Ma...
by HanSolo
Mon May 20, 2019 9:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12343
Views: 2132491

Re: U.S. stocks in free fall

ruralavalon wrote:
Mon May 20, 2019 8:52 am
The thread teaches over and over again that a stock market free fall is not a reason to sell stocks.
Yes. But it may be a reason to buy stocks, no?

To me, the stock market is like Macy's. I buy when there's a sale.
by HanSolo
Fri May 17, 2019 3:35 am
Forum: Personal Finance (Not Investing)
Topic: Who’s as good as Schwab (Low brokerage fees + convenience of global ATMs)?
Replies: 8
Views: 889

Re: Who’s as good as Schwab (Low brokerage fees + convenience of global ATMs)?

Yes, Vanguard’s MM account yields more than Schwab’s, but their banking services are inferior. And, after July 31, 2019, non-existent. I'm told that Vanguard's bank-type services (known as VanguardAdvantage) will be discontinued as of that date. For comparison, it may be interesting to note that, a...
by HanSolo
Fri May 17, 2019 3:12 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 3989

Re: CAPE-based asset allocation strategy?

That is correct. He never says zero, therefore I'm not pulling more from my retirement plan. Someone telling me the risk of a bad sequence of returns is LESS than normal is not reason enough to pull extra money from my retirement account at the start of my retirement. The text you quoted from Kitce...
by HanSolo
Thu May 16, 2019 4:23 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 3989

Re: CAPE-based asset allocation strategy?

HomerJ wrote:
Wed May 15, 2019 2:31 pm
I completely disagree with Kitces (although I generally like his work) on this statement.

(snip)

The risk is never zero.

Knowing that the chances of bad sequence of returns is lower is not the same as knowing they are zero.
I don't see where Kitces says anything about "zero."
by HanSolo
Sun May 12, 2019 9:46 am
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 3989

Re: CAPE-based asset allocation strategy?

In a 2015 article, Michael Kitces and Wade Pfau presented the results of an analysis that suggested some advantage in CAPE-based asset allocation: https://www.aaii.com/journal/article/increasing-retirement-withdrawal-rates-through-asset-allocation This is a misrepresentation of the article on some ...
by HanSolo
Fri May 10, 2019 8:22 pm
Forum: Personal Investments
Topic: CAPE-based asset allocation strategy?
Replies: 71
Views: 3989

Re: CAPE-based asset allocation strategy?

In a 2015 article, Michael Kitces and Wade Pfau presented the results of an analysis that suggested some advantage in CAPE-based asset allocation: https://www.aaii.com/journal/article/increasing-retirement-withdrawal-rates-through-asset-allocation Also, there's the tricky question of what constitute...
by HanSolo
Mon Jan 21, 2019 9:17 am
Forum: Personal Investments
Topic: Setting a personal AA glide path
Replies: 14
Views: 1316

Re: Setting a personal AA glide path

Age 45: 75/25 Age 50: 70/30 Age 55: 65/35 Age 60: 60/40 Age 65: 55/45 "Age in bonds" is a glide path strategy that's mentioned in the wiki (https://www.bogleheads.org/wiki/Asset_allocation). The above suggested allocation is the "age - 20" variation on that, which is mentioned in a footnote on the ...
by HanSolo
Wed Jan 02, 2019 6:19 am
Forum: Personal Investments
Topic: You're smarter than me, so...
Replies: 16
Views: 4349

Re: You're smarter than me, so...

That's a bit much for me to digest, but this stood out: 4) My investment goal is to eventually be allocated to 35% total stock market index, 35% S & P index, 20% total international stock, and 10% other (small cap, value, REITs, bonds). Any thoughts on that? Not "wrong", but the two largest holdings...
by HanSolo
Wed Jan 02, 2019 5:54 am
Forum: Personal Consumer Issues
Topic: Fish Tacos in DTLA
Replies: 3
Views: 853

Re: Fish Tacos in DTLA

We are visiting family in LA and plan to visit the Grammy Museum and then go for lunch. Looking for great fish tacos, no food trucks, a bit of ambiance would be nice. Suggestions? For a sit-down restaurant experience, you might try Senor Fish or Claim Jumper. The Senor Fish I've been to (DTLA) has ...
by HanSolo
Fri Dec 28, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: What are some critiques of passive investing/index funds?
Replies: 75
Views: 6393

Re: What are some critiques of passive investing/index funds?

What are some critiques of passive investing/or which critiques do you find most warranted? My critique is that the biggest and most popular index funds have a heavy concentration in Big Tech (which I've been suspecting of being grossly overvalued for several years). Of course, I wouldn't mind Valu...
by HanSolo
Thu Dec 27, 2018 5:41 am
Forum: Investing - Theory, News & General
Topic: Which balanced fund for taxable (if in a low tax bracket)?
Replies: 6
Views: 882

Which balanced fund for taxable (if in a low tax bracket)?

I'm aware of the usual recommendation to put bonds in tax-advantaged accounts and equities in taxable. What I'm wondering is how to modify that advice in the case of a person who has a substantial balance in taxable and a small (or no) tax-advantaged account, and is also in a low tax bracket (for ex...
by HanSolo
Thu Dec 27, 2018 3:26 am
Forum: Investing - Theory, News & General
Topic: What is really going on?
Replies: 39
Views: 4132

Re: What is really going on?

Does anybody have any idea what is going on in the market right now and can explain? I'm not convinced it has much to do with trade and government shut down at all. I've heard rumors of hedgefunds selling off at the end of the year, what other theories are there? My opinion is that there is such a ...
by HanSolo
Thu Dec 27, 2018 2:48 am
Forum: Investing - Theory, News & General
Topic: Why call them "losses" when you still own the shares?
Replies: 103
Views: 5288

Re: Why call them "losses" when you still own the shares?

Interesting question. May I offer another analogy? Suppose I buy a thing (could be a mattress, a used car, lawn mower, etc.) and the next week I see the identical thing being sold for half of what I paid. Did I suffer a loss?
by HanSolo
Mon Dec 10, 2018 8:44 am
Forum: Investing - Theory, News & General
Topic: Receiving 2FA codes from Vanguard while overseas
Replies: 25
Views: 3964

Re: Receiving 2FA codes from Vanguard while overseas

Having the same situation as the OP, I got a thing called "Security Key by Yubico" (two of them, one that I use, plus a backup in case I lose it). I use it with the Chrome browser on a Windows 7 notebook PC and it works for me. You can register up to 4 keys with Vanguard.com. You might want to do th...
by HanSolo
Mon Dec 10, 2018 5:13 am
Forum: Personal Investments
Topic: Tax efficiency and Vanguard target retirement funds
Replies: 7
Views: 1173

Re: Tax efficiency and Vanguard target retirement funds

If I were in that situation, I'd probably think similarly. As for choices of funds, I think you'd be in Total Bond Market, not Total Bond Market II, as the latter is not for retail investors, to my knowledge. And you'd want the Admiral Shares of each fund, not Investor Shares. Or if you still want o...
by HanSolo
Fri Dec 07, 2018 5:33 am
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 3157

Re: DW has 39 credits of SS. Easiest way to get 40?

ResearchMed wrote:
Fri Dec 07, 2018 4:52 am
Is there much for her to gain by your trying to get that last credit?
How about Medicare eligibility?

Han Solo
by HanSolo
Thu Dec 06, 2018 4:58 am
Forum: Personal Consumer Issues
Topic: Southern California Vacation Questions
Replies: 39
Views: 2302

Re: Southern California Vacation Questions

For studio tours, check out the Warner Bros. Burbank Studios VIP tours. Miceli's Italian restaurant has waiters who break out into song on and off, and they're not bad. A lot of waiters in LA are occasional/aspiring performers. In Westwood Village, I can't resist getting a falafel pita with cheese a...
by HanSolo
Sun Oct 14, 2018 7:40 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 5451

Re: Is EMH a tautology?

The following quote doesn't go into the full detail, but it should provide some (I hope) useful perspective. It's the first two paragraphs from Fama's 1991 review paper on the then-current state of research: I take the market efficiency hypothesis to be the simple statement that security prices ful...
by HanSolo
Sun Dec 06, 2015 1:54 pm
Forum: Personal Consumer Issues
Topic: Facebook and Security Concerns
Replies: 4
Views: 879

Facebook is a matter of choice

(snip) I am thinking soon I will remove my FB account altogether. (snip) At this point my "reason" for keeping an FB profile is that clients use it, which makes it really hard to make the final decision... anyone out there have similar thoughts/experiences with FB? Yes, I understand your concerns. ...
by HanSolo
Wed May 08, 2013 2:30 pm
Forum: Investing - Theory, News & General
Topic: A variation on "age in bonds" using Shiller PE
Replies: 39
Views: 4839

Valuation-adjusted asset allocation

I would like to say thanks (belatedly!) for the responses. I appreciate seeing the variety of views on this subject, and also the references to the relevant prior discussions and papers. At this time, I would like to offer some additional comments, and pointers to further reading for those intereste...