Search found 825 matches

by Austintatious
Tue Jan 15, 2019 10:25 am
Forum: Investing - Help with Personal Investments
Topic: CIT savings builder account ?
Replies: 9
Views: 618

Re: CIT savings builder account ?

There have been posts on the forum saying that CIT did not automatically adjust the rate on one's account when the rate being offered is increased. That's something one might want to look into before doing business with CIT.
by Austintatious
Mon Jan 14, 2019 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: I'm the noobiest noob
Replies: 16
Views: 1313

Re: I'm the noobiest noob

Don't sell yourself short, Mike. Those 2017 investments were excellent choices, as far as stock funds go. What you two need to do is educate yourselves on the basics. There's an incredible amount of material available to you right here on the forum, both in the Wiki and in the various threads. I sug...
by Austintatious
Mon Jan 14, 2019 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: One book for my neice, a young mom.
Replies: 20
Views: 1169

Re: One book for my neice, a young mom.

https://www.etf.com/docs/IfYouCan.pdf Very easy to digest and directs the reader on how / where to learn more should they choose to do so. +1 I've sent this to all of my employees and dozens and dozens of other people. For someone who knows nothing, it is an easily digestible start. Yep, it makes f...
by Austintatious
Mon Jan 14, 2019 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: One book for my neice, a young mom.
Replies: 20
Views: 1169

Re: One book for my neice, a young mom.

Investing Made Simple by Mike Piper https://www.amazon.com/Investing-Made-Simple-Index-Explained/dp/0997946539/ref=asc_df_0997946539/?tag=hyprod-20&linkCode=df0&hvadid=312175933381&hvpos=1o1&hvnetw=g&hvrand=672205837700294254&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9027366&hvtar...
by Austintatious
Sun Jan 13, 2019 12:31 pm
Forum: Investing - Theory, News & General
Topic: Opinion: Half of investment-grade bonds are only one step away from junk status
Replies: 23
Views: 2351

Re: Opinion: Half of investment-grade bonds are only one step away from junk status

If you're afraid to own VCIT, then you shouldn't own BIV because the same bonds are in both. But BIV is greater than 50% U. S. government while VCIT is greater than 50% BBB, a meaningful difference, surely. Only a meaningful difference if VCIT is a person's only bond holding, and that's unlikely. I...
by Austintatious
Sun Jan 13, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Opinion: Half of investment-grade bonds are only one step away from junk status
Replies: 23
Views: 2351

Re: Opinion: Half of investment-grade bonds are only one step away from junk status

UpperNwGuy wrote:
Sun Jan 13, 2019 10:22 am
If you're afraid to own VCIT, then you shouldn't own BIV because the same bonds are in both.
But BIV is greater than 50% U. S. government while VCIT is greater than 50% BBB, a meaningful difference, surely.
by Austintatious
Sun Jan 13, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: Opinion: Half of investment-grade bonds are only one step away from junk status
Replies: 23
Views: 2351

Re: Opinion: Half of investment-grade bonds are only one step away from junk status

OP, here's how S&P describes the quality of the bonds your'e concerned about: "An obligor rated 'BBB' has an ADEQUATE capacity to meet its financial commitments. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its f...
by Austintatious
Fri Jan 11, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20160

Re: $40,000 in debt, bankruptcy seems to be the best option right now

geologist20, for the past 5 months, I've been working with an individual who had racked up debt much like yours and who had reached the point of being financially and emotionally overwhelmed by it all. With regularly and frequently scheduled sessions in which I've provided input (It ain't rocket sci...
by Austintatious
Thu Jan 10, 2019 8:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard explains the increase in ex-us allocation
Replies: 34
Views: 4566

Re: Vanguard explains the increase in ex-us allocation

Tim Buckley and Greg Davis just gave the rationale for increasing their recommended allocation in international stocks: it's cheaper now. That's all. It always made sense to them to diversify internationally to the current proportions, but it just wasn't worth the cost until recently. Source? The t...
by Austintatious
Wed Jan 09, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: Your Vanguard Page
Replies: 32
Views: 2847

Re: Your Vanguard Page

The idea of setting it and forgetting it, and peeking as infrequently as possible, makes good sense from a certain perspective but it directly conflicts with Vanguard's expectation, offered from the perspective of maintaining account security, that an account holder "monitor" his/her account on a re...
by Austintatious
Tue Jan 08, 2019 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: CD from Utah First credit union
Replies: 4
Views: 561

Re: CD from Utah First credit union

I'm interested in purchasing a 5 year bank CD. I have an Ally account but their 5 yr CD is at 3.1% with 5 month early withdrawal penalty. (I've been extremely happy with Ally). Just found Utah First Credit Union with a 5 year CD at 3.5% with a 6 month early withdrawal penalty. Seems the only caveat...
by Austintatious
Mon Jan 07, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: Why Total Bond Market over CDs?
Replies: 22
Views: 2551

Re: Why Total Bond Market over CDs?

There is no need to mark to market a CD bought directly as you know exactly what the early withdrawal penalty is and can easily find out what the rate would be if you broke it early. https://www.depositaccounts.com/tools/ewp-calculator.aspx There is also a helpful calculator that tells you if you w...
by Austintatious
Fri Jan 04, 2019 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 21
Views: 2000

Re: 5 year CDs @Penfed mature 1/22/19

carolinaman, in my opinion, the quoted language clearly does not limit penalty free, partial withdrawals to RMDs. I think it's pretty clear in its intent that the only conditions for effecting a withdrawal without penalty is that it be "partial" in nature and that the member be over the age of 59.5...
by Austintatious
Fri Jan 04, 2019 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: CDs vs I Bonds - Five and Ten Year Horizons
Replies: 12
Views: 1069

Re: CDs vs I Bonds - Five and Ten Year Horizons

Considering that predicting which would outperform is not possible, what about $500 in each? Just watching how the two evolve over time would offer twice the educational benefit to your DS, sort of a conservative fixed income lab course for a youngster. And one could look at it as sort of hedging th...
by Austintatious
Fri Jan 04, 2019 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 21
Views: 2000

Re: 5 year CDs @Penfed mature 1/22/19

Yes, we did multiple CDs, as well, hoping to mitigate the pain in case an early withdrawal became necessary and a penalty might be incurred. But, as with you, we felt pretty confident that an early withdrawal was unlikely. And, as you probably know, that very same language touting penalty-free parti...
by Austintatious
Fri Jan 04, 2019 9:55 am
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 21
Views: 2000

Re: 5 year CDs @Penfed mature 1/22/19

OP, the Penfed rate for 5 year tira CDs is 3.4%. See the link I've provided for tira CD rates. We've also been considering the many options available, some of which you've mentioned, and have decided to simply rollover at Penfed, despite the early redemption penalty you also mention. The many thing...
by Austintatious
Thu Jan 03, 2019 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 21
Views: 2000

Re: 5 year CDs @Penfed mature 1/22/19

OP, the Penfed rate for 5 year tira CDs is 3.4%. See the link I've provided for tira CD rates. We've also been considering the many options available, some of which you've mentioned, and have decided to simply rollover at Penfed, despite the early redemption penalty you also mention. The many things...
by Austintatious
Sat Dec 29, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]
Replies: 153
Views: 13509

Re: [Vanguard Founder Jack Bogle Says It’s Time to Play It Safe]

There are two phenomena occurring here, the common practice of market timing and the probably just as common practice of self-delusion regarding one's market timing. I strongly suspect that, despite our "stay the course" mantra, we all engage in market timing in one way or another, and more often th...
by Austintatious
Fri Dec 28, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 1k check for 9 month old son?
Replies: 44
Views: 2936

Re: What to do with 1k check for 9 month old son?

I know little about these types of accounts but I've been considering something similar as a possible suggestion to the parents of my young grandchild. I came across this article that briefly describes the two types of accounts and suggests that the major difference is in the categories of assets al...
by Austintatious
Wed Dec 26, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14703

Re: Vanguard says international will beat US stocks in next decade

I would not be surprised if Vanguard moves the needle to 50% US and 50% International. Right or wrong, it's been my impression that Vanguard has been gradually increasing their recommation on international holdings. They're at 40 percent, now. I recently read an article having world market cap for ...
by Austintatious
Sun Dec 23, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14703

Re: Vanguard says international will beat US stocks in next decade

I've been trying to figure out how Vanguard (or anyone else) figures out the valuations of securities in countries where the local government actively manipulates their market in differing amounts year to year? One could look at the hubbub over the last couple of years with Wells Fargo (asset level...
by Austintatious
Sun Dec 23, 2018 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Best starter fund for new investor
Replies: 21
Views: 1231

Re: Best starter fund for new investor

My newly employed college graduate is ready to start an IRA. It appears Vanguard's best offering has a $1K minimum or am I mistaken? Any suggestions for a starter fund from other fund companies? He has $600 to get started. Thanks. I do think $1,000 is the minimum start-up amount at Vanguard, either...
by Austintatious
Sun Dec 23, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Vanguard says international will beat US stocks in next decade
Replies: 155
Views: 14703

Re: Vanguard says international will beat US stocks in next decade

Recommendation for international stocks and bonds currently on the Vanguard website: https://investor.vanguard.com/investing/investment/international-investing How much should you invest? To get the full diversification benefits, we recommend that you consider investing about 40% of your stock alloc...
by Austintatious
Sat Dec 22, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: AA and market [Asset Allocation - are you rebalancing?]
Replies: 39
Views: 2281

Re: AA and market

We used to be at 70% equity and after retirement dropped it to 60%. Lately the equity position is hovering at 54%. No matter what new money I invest it is not budging because of the loss of value. Are you re-balancing your AA in this turbulent market or just let it ride? I noticed this article by J...
by Austintatious
Thu Dec 20, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Peer to Peer Lending/Investing
Replies: 17
Views: 1016

Re: Peer to Peer Lending/Investing

Anyone here have any experience as an investor on sites like Lending Club? Looks interesting - investing/helping people at the same time, also little to no correlation to the stock market. That concept of "helping people" sounds great but I just can't bring myself to think of gouging gullible or de...
by Austintatious
Sun Dec 16, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Birdwatching telescope recommendations
Replies: 17
Views: 892

Re: Birdwatching telescope recommendations

I've used spotting scopes a bit for wildlife watching in the south Texas brush country and they can work well, as long as one has a stable, solid mounting setup. Of course, they're not as portable or convenient as a pair of binoculars but they can offer a remarkably closer and more detailed study. I...
by Austintatious
Sat Dec 15, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: NFCU 40-month certificate offer question (fine print)
Replies: 10
Views: 1020

Re: NFCU 40-month certificate offer question (fine print)

Thanks you both. Appreciate your wisdom. Austintatious - how do you get to the chat on NFCU? I did it once but can't find it....or maybe because it is the weekend it is off? seadreamer, I've found that the chat icon is displayed, without a prompt, as one peruses the website. See the refence to it o...
by Austintatious
Fri Dec 14, 2018 9:01 pm
Forum: Investing - Theory, News & General
Topic: New PenFed 2% Savings Account
Replies: 13
Views: 1412

Re: New PenFed 2% Savings Account

I don’t know if they are targeting this at those (of us) who have their 3% CDs from five years ago expire this month, but I already have a 2% savings account at Ally (and, as b4nash points out correctly, also use their 2.25% no penalty CDs). My Penfed CDs came due today. Money was in my Penfed savi...
by Austintatious
Fri Dec 14, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Starting fund for 2 year old
Replies: 10
Views: 630

Re: Starting fund for 2 year old

They haven't really specified what exactly they want the money to be used for. The 529 worries me a little because I don't know that he'll even want to go to college. It's not for everyone, and then he couldn't use the money for anything else, right? I would like some sort of protection maybe so he...
by Austintatious
Fri Dec 14, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have a Simple checking account?
Replies: 9
Views: 887

Re: Anyone have a Simple checking account?

On the NerdWallet site, more than half of its 200 plus customer reviews give it low marks on customer service.

https://www.nerdwallet.com/banking/bank ... ons/simple
by Austintatious
Fri Dec 14, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: New England travel ideas, summer 2019
Replies: 29
Views: 1365

Re: New England travel ideas, summer 2019

If you're serious about that sailing adventure, take a look at the Wooden Boat School in Brooklin, Maine, a few hours up the coast from Boston. I realize that it might not work for you on this trip and, if not, consider it for another summer vacation. You'll not be disappointed. You could sign on fo...
by Austintatious
Fri Dec 14, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: CD options for my step-daughter
Replies: 2
Views: 294

Re: CD options for my step-daughter

Please have her look at online options, there are many banks/Credit Union's offering higher rates. https://www.depositaccounts.com/cd/ That's good advice. For example, her 50k in a 5 year certificate at her CU would earn $6,708. The same 50k in a 5 year certificate earning 3.5% at one of those othe...
by Austintatious
Thu Dec 13, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: NFCU 40-month certificate offer question (fine print)
Replies: 10
Views: 1020

Re: NFCU 40-month certificate offer question (fine print)

OP, for what its worth, I just "chatted" online with an NFCU customer rep who said that the APY and early redemption penalty that are in place when the CD is issued will stay with the CD throughout its term, that, even if the rates and early redemption penalties are changed by NFCU after a certifica...
by Austintatious
Thu Dec 13, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: NFCU 40-month certificate offer question (fine print)
Replies: 10
Views: 1020

Re: NFCU 40-month certificate offer question (fine print)

Here's a 2012 article of interest that reinforces the mantra "Read the fine print". But then there's the microscopic print that should be understood, as well. This CU changed its early withdrawal penalties in mid-stream. https://www.cbsnews.com/news/credit-unions-cd-penalty-switch-punishes-members/ ...
by Austintatious
Thu Dec 13, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: NFCU 40-month certificate offer question (fine print)
Replies: 10
Views: 1020

Re: NFCU 40-month certificate offer question (fine print)

I've looked at that offer and I have assumed that it meant the terms of the offer, itself, were subject to change but I also assume that, once issued, the terms of a specific certificate could not be modified. I am in no way familiar with the laws, rules and regs pertaining to CDs issued by credit u...
by Austintatious
Wed Dec 12, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2752

Re: My PenFed 5 yr CDs are maturing

I have a considerable amount of money in 5 CD's all maturing on the same date in January in a tIRA fund with PenFed. I would like to transfer it all back to my IRA with Vanguard (initially into a prime MM fund) as quickly as possible after the maturity date. What would be the best procedure for get...
by Austintatious
Tue Dec 11, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2752

Re: My PenFed 5 yr CDs are maturing

I suspect that more than a few Bogleheads are in the same position as Hayden. My DW has some of those CDs at PenFed, set to mature in early January. We've carefully watched rates at PenFed and across the nation. Unless something pops up very soon, sufficiently more enticing that the current PenFed r...
by Austintatious
Mon Dec 10, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal SS Benefit
Replies: 13
Views: 1256

Re: Spousal SS Benefit

A spousal benefit is calculated based on the Primary Insurance Amount (PIA) of the spouse who has already filed; specifically, the amount of a spousal benefit will be one half of the primary spouse's PIA if the spousal claimant waits until his/her own Full Retirement Age (FRA). One's PIA is the amou...
by Austintatious
Fri Dec 07, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: Buy I-bonds Jan 1 or May 1?
Replies: 6
Views: 782

Re: Buy I-bonds Jan 1 or May 1?

Split the baby, half in January and half later. It'll give you something to look forward to.
by Austintatious
Fri Dec 07, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 80
Views: 7841

Re: Flaw in Logic? CD ladder instead of bond funds

Kevin, I have been following your thoughts on where on the yield curve to invest with great interest, but I am starting to think that it might be short-sighted to shift CD investments to shorter maturities because I spent so much of the last decade kicking myself for not locking in for longer terms...
by Austintatious
Wed Dec 05, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: Murder Mystery Authors
Replies: 117
Views: 13912

Re: Murder Mystery Authors

Not an author recommendation, but a website recommendation - Fantastic Fiction That is my go-to site for finding bibliographies for every author I read. The site lists all the books the author has written, sorted by series and date published. This site is new to me. Looks like an excellent resource...
by Austintatious
Wed Dec 05, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Murder Mystery Authors
Replies: 117
Views: 13912

Re: Mystery Writers...

My wife is a voracious reader of mysteries, and she's introduced me to a lot of superb writers in the genre. Two of my favorites are Louis Penny (Chief Inspector Gamache novels) and Alan Bradley (Flavia de Luce novels). I enjoy novels with well-drawn, compelling characters, and both writers excel o...
by Austintatious
Wed Dec 05, 2018 4:21 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 80
Views: 7841

Re: Flaw in Logic? CD ladder instead of bond funds

I bonds are earning 2.83 percent these days, and earnings are state tax exempt and federal tax deferred. After that first year has ticked off, the redemption penalty is almost certain to be less than that for a CD and after 5 years, there's no redemption penalty. And they're adjusted for inflation. ...
by Austintatious
Mon Dec 03, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Penfed raises certificate rates 12/1/18
Replies: 25
Views: 3141

Re: Penfed raises certificate rates 12/1/18

I have a question. With the above EWP, what would the penalty be after only a month or two? I'm concerned that I will lock in at 3.5% and the rates move to 4% pretty quickly. Would I only lose the interest earned thus far? Or is there another penalty as well? DW has some of those 3% for 5 years IRA...
by Austintatious
Sun Dec 02, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Penfed raises certificate rates 12/1/18
Replies: 25
Views: 3141

Re: Penfed raises certificate rates 12/1/18

Hmmm...I was going to roll one of those older PenFed CDs into a Navy Federal 2 year 3% cert but not sure which is better. (PenFed has a 2.95% 2 year but with a harsher EWP than NFCU.) Yep, I'm going through the same thought process as DW's PenFed CDs close in on maturity. We've been eyeing those NF...
by Austintatious
Sun Dec 02, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Please Recommend a New Car for Me
Replies: 53
Views: 4455

Re: Please Recommend a New Car for Me

Subaru Forester. Wife has a 2015 and loves lt. I did a test drive of the 2018 Forester a few months ago. The ride was comfortable. It offers excellent vision all around and plenty of space for a smaller car. I thought the engine responded well and provided more than enough acceleration for a highwa...
by Austintatious
Sat Dec 01, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: United HealthCare
Replies: 27
Views: 2026

Re: United HealthCare

kaneohe wrote:
Fri Nov 30, 2018 5:07 pm
Had them as employer plan while I was working. No problems. Have them now for Medigap plan. Same.
Same here.
by Austintatious
Thu Nov 29, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re Restricted application for SS Benefits
Replies: 2
Views: 277

Re: Question Re Restricted application for SS Benefits

Sorry, but to qualify for a spousal benefit, your wife must have already filed under her own history. At one time, you might have accomplished something close to what you desire by having her take advantage of the "file and suspend" strategy with you subsequently filing for a spousal benefit, but th...
by Austintatious
Wed Nov 28, 2018 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: What Next For CD Strategy?
Replies: 6
Views: 1064

Re: What Next For CD Strategy?

What has he said that would cause one to go for longer CDs?