Search found 877 matches

by Dead Man Walking
Sat Nov 09, 2019 4:24 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 148
Views: 10898

Re: Spend It All vs. Leave $$ for the Kids

My wife and I live comfortably on our pensions and still save about 10% of our income in taxable accounts. We use our savings to cover both expected and unexpected expenses. We have always lived well within our means. Our IRAs and taxable portfolio are essentially our long term care insurance. If ne...
by Dead Man Walking
Thu Nov 07, 2019 4:20 pm
Forum: Personal Investments
Topic: Chase YouInvest
Replies: 14
Views: 922

Re: Chase YouInvest

FWIW my local Chase branch has been totally inept. Over three weeks and Youinvest account still not set up/money not tx in from Schwab. Seemed pretty straightforward. Keep an eye on those guys. YouInvest accounts are self directed online accounts. Accounts handled by representatives at Chase branch...
by Dead Man Walking
Sun Nov 03, 2019 3:28 am
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 76
Views: 11649

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

I’ve been a fan of Mel’s unloved mid caps since his original post. I recently purchased Vanguard Global Minimum Volatility Fund because of its mid cap tilt.

DMW
by Dead Man Walking
Sun Nov 03, 2019 3:04 am
Forum: Investing - Theory, News & General
Topic: Transitioning my Account ~ Not Mandatory
Replies: 61
Views: 5109

Re: Transitioning my Account ~ Not Mandatory

Most of my Vanguard mutual funds are actively managed funds in the traditional mutual fund platform. I haven’t received emails asking me to transition to a brokerage account. Since I am paying a higher expense ratio, they may not be interested in having me make the transition.

DMW
by Dead Man Walking
Sun Nov 03, 2019 2:43 am
Forum: Investing - Theory, News & General
Topic: VG Mutual Fund Acct vs. VG Brokerage Acct
Replies: 13
Views: 1144

Re: VG Mutual Fund Acct vs. VG Brokerage Acct

I’m another bullheaded mutual fund account holder that refuses to transition to a brokerage account. All of my tax sheltered accounts are Vanguard mutual fund accounts. I prefer the annual statements of the mutual fund accounts; therefore, I will not make the transition unless forced to do so. Since...
by Dead Man Walking
Wed Oct 30, 2019 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 69763

Re: Why are you NOT buying rental properties?

To answer the question in a word - tenants. Most are a pita!

DMW
by Dead Man Walking
Sat Oct 26, 2019 5:51 pm
Forum: Investing - Theory, News & General
Topic: VMVFX (Global Minimum Volatility) as core equity holding. Your opinion?
Replies: 174
Views: 14725

Re: VMVFX (Global Minimum Volatility) as core equity holding. Your opinion?

I don’t know if the OP has made VMVFX (Global Minimum Volatility) a core holding; however, it would compare favorably with VTWSX (Total World Stock Index) which many would consider a core holding for a global portfolio.

DMW
by Dead Man Walking
Fri Oct 25, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5158

Re: Who does your tax returns?

For more than 50 years, I actually read the tax booklet that the IRS sent to taxpayers and completed the necessary forms. I could pick up forms that didn’t come with the booklet at the library. Of course, the IRS stopped sending the booklets to every taxpayer. I was able to get the booklet at the li...
by Dead Man Walking
Sun Oct 20, 2019 11:21 pm
Forum: Investing - Theory, News & General
Topic: Whatever happened to the commodities miracle?
Replies: 21
Views: 2728

Re: Whatever happened to the commodities miracle?

I hope that Larry Swedroe responds to your inquiry. Perhaps one of his admirers will respond with a link to his current justification for CCFs as part of a diversified portfolio.

DMW
by Dead Man Walking
Sun Oct 20, 2019 2:35 pm
Forum: Personal Investments
Topic: VG pushing for ETF instead of Admiral shares
Replies: 26
Views: 2185

Re: VG pushing for ETF instead of Admiral shares

Vanguard has never pushed ETFs instead of Admiral shares to me. Of course, I do all of my trading online and only have traditional mutual fund accounts. The Target Date Retirement Funds and the Life Strategy Funds are mutual funds that do not have equivalent ETFs. Vanguard uses the investor share cl...
by Dead Man Walking
Fri Oct 11, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports
Replies: 36
Views: 3391

Re: Consumer Reports

I have a digital subscription. The magazine doesn’t provide any information that I find valuable. They send raffle tickets so often that I frequently return them without making a contribution. I use CR as one resource when I purchase some products.

DMW
by Dead Man Walking
Thu Oct 10, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: POD/Add Beneficiary
Replies: 4
Views: 437

Re: POD/Add Beneficiary

HomeStretch wrote:
Thu Oct 10, 2019 4:35 pm
I had to go in person to a local branch to establish a POD at one mega-bank.
+1 Chase was the bank.
by Dead Man Walking
Sat Oct 05, 2019 12:00 am
Forum: Investing - Theory, News & General
Topic: 'Stay the course' with international stock but give up on value?
Replies: 101
Views: 6940

Re: 'Stay the course' with international stock but give up on value?

I’m not sure that I would be classified as a “Boglehead” since I own a mix of active and index funds. According to the X-ray function at Morningstar, my portfolio has a value tilt and a domestic tilt. I hold about 1/3 of my equities in international. The 1/3 would be closer to 1/2 if international h...
by Dead Man Walking
Fri Oct 04, 2019 11:16 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's "Rules of Prudent Investing"
Replies: 32
Views: 4493

Re: Larry Swedroe's "Rules of Prudent Investing"

Uncertainty rules. The lesson is to not expect the future to continue to be just like what you have seen. The US currently has very low unemployment rates. In the past, low unemployment has lead to rising inflation. Low unemployment has not lead to rising inflation in the current economy. Furthermo...
by Dead Man Walking
Wed Oct 02, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value is now just anti-technology
Replies: 30
Views: 2838

Re: Small Cap Value is now just anti-technology

I track most of Vanguard’s index funds and DFA small cap value fund at Morningstar. The major problem is that all of the value funds with a 15 year history have underperformed. The others have underperformed for a decade. How value is determined and which sectors are represented probably isn’t all t...
by Dead Man Walking
Tue Oct 01, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: If all brokerages charged zero commission for trades, which brokerage would you pick?
Replies: 75
Views: 6741

Re: If all brokerages charged zero commission for trades, which brokerage would you pick?

I opened a Chase YouInvest account because I bank at Chase and trading from their website is simpler because I can transfer money from my Chase bank accounts from the same website. I haven’t used any of their research tools because I use other sources; however, others have stated that they aren’t ve...
by Dead Man Walking
Tue Oct 01, 2019 6:59 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13793

Re: Know when to hold them and when to fold them......

Many years ago, I bought Vanguard Global Equity Fund because it nearly matched the world equity allocation. My reasoning was to see how a Sharpe-like portfolio would perform. When Vanguard introduced Total World Stock Index Fund, I thought that I would eventually sell Global Equity and buy the index...
by Dead Man Walking
Mon Sep 30, 2019 3:24 pm
Forum: Investing - Theory, News & General
Topic: Bonds returns are on par with Stocks?
Replies: 98
Views: 5945

Re: Bonds returns are on par with Stocks?

I’m skeptical about much of the academic research cited in threads on this board. It’s not that I don’t trust researchers; it’s that I question reliability of information being researched. People have been “cooking” the books since the beginning of keeping the books. Of course, I may be just another...
by Dead Man Walking
Fri Sep 27, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12666

Re: Half of Retirees Afraid to Use Savings

The bad thing about those early bird specials at 4 pm is that I am hungry at 10 pm! Fortunately, I can eat pizza with hot peppers and pepperoni at 10:30 pm and sleep well. I may be an atypical septuagenarian. I would suggest that their is a difference between savers and investors. I’m an investor wh...
by Dead Man Walking
Fri Sep 27, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: Actively-managed bond funds
Replies: 21
Views: 1819

Re: Actively-managed bond funds

The most significant factor when choosing among bond funds is probably the expense ratio if the quality of the bonds held by the funds and their duration is similar. For example, Vanguard’s intermediate term treasury bond funds: VSIGX (index), VFITX (investor), and VFIUX (admiral) hold similar bonds...
by Dead Man Walking
Thu Sep 26, 2019 5:12 pm
Forum: Personal Consumer Issues
Topic: Morningstar survey
Replies: 9
Views: 783

Morningstar survey

I’m a Morningstar premium subscriber. I received an email asking me to complete a survey. The email stated that the survey would take about 15 minutes. I answered several questions in less than a minute. After I stated that my age was over 70, I was told that they had no more questions for me. Has a...
by Dead Man Walking
Sat Sep 14, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: Central banks drive income seeking investors to equities
Replies: 34
Views: 1984

Re: Central banks drive income seeking investors to equities

A couple of reactions to this. First, this is sort of a back to the future type of thing. There was a time when investors believed that yields from stocks should be higher than yields from bonds in order to compensate for equity risk. Stocks once yielded more than bonds, as I recall the line was cr...
by Dead Man Walking
Fri Sep 13, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: Benjamin Graham fans: what did "diversification" mean to Graham?
Replies: 33
Views: 2171

Re: Benjamin Graham fans: what did "diversification" mean to Graham?

Nisiprius, My uncle loaned me his copy of Graham’s book in the mid 1960’s. His copy may have been the original edition. To answer your question, I interpreted his definition of diversification as diversification across sectors of the market. For example, an investor should own one automaker, one ban...
by Dead Man Walking
Fri Sep 13, 2019 12:29 am
Forum: Investing - Theory, News & General
Topic: Central banks drive income seeking investors to equities
Replies: 34
Views: 1984

Re: Central banks drive income seeking investors to equities

Driving investors to equities was the goal of central banks when they cut interest rates. How this risk story ends is unknown.

DMW
by Dead Man Walking
Thu Sep 12, 2019 11:20 pm
Forum: Investing - Theory, News & General
Topic: Dividend stocks in a Extremely low interest rate environment
Replies: 16
Views: 2451

Re: Dividend stocks in a Extremely low interest rate environment

As a mutual fund investor, I’m more interested in total return than dividend return. In order to maintain a “feel” for the market, I track the performance of many Vanguard index mutual funds at Morningstar. In the last 3 months Vanguard Dividend Appreciation Index Fund has been the top performer in ...
by Dead Man Walking
Thu Sep 12, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Discover(card) Now Offers Free Social Security Number Alerts
Replies: 26
Views: 3630

Re: Discover(card) Now Offers Free Social Security Number Alerts

Then more recently (decade+ ago?) I switched it to Discover It when that became available with the minimum 1% cash back and more benefits like purchase protection, rental car waiver, extended warranty, etc. Those benefits were all removed by 2018, but the cash back schedule remains, and so do the q...
by Dead Man Walking
Wed Sep 11, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Discover(card) Now Offers Free Social Security Number Alerts
Replies: 26
Views: 3630

Re: Discover(card) Now Offers Free Social Security Number Alerts

I’ve had the card since 1987 and receive my fico score on my monthly statement. I receive an email informing me that my ID hasn’t been compromised on the dark web. I have no idea how comprehensive their searches are, but it doesn’t cost anything. Discover is very effective when fraudulent charges ar...
by Dead Man Walking
Mon Sep 09, 2019 2:27 pm
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3696

Re: Going desktop-less?

I prefer a desktop for handling financial matters because I have room for hard copies of statements on my desk. When I purchased my last desktop, I went back to a wired keyboard and a wired mouse because they were always operable since no batteries were required, and it seemed silly to have somethin...
by Dead Man Walking
Fri Sep 06, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 3968

Re: Pre-paid Funeral Expenses

A local funeral home had an unscrupulous employee who embezzled the funds he collected for prepaid funerals. As I recall, the embezzled funds amounted to a few hundred thousand dollars. He is going to jail. The owner of the funeral home indicated that he will honor the fraudulent contacts. Makes me ...
by Dead Man Walking
Mon Sep 02, 2019 5:13 pm
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 13367

Re: 3 fund people how are you feeling?

Honestly, people make too much of an issue over whether they have a 3-fund, 4-fund, 2-fund, 1-fund, or 8-fund portfolio. What is of primary importance is your ratio of stocks to fixed-income. After that, keep costs low and stay the course. +1 Of course, basic arithmetic skills and common sense are ...
by Dead Man Walking
Sun Sep 01, 2019 10:39 pm
Forum: Personal Consumer Issues
Topic: Lawn Tractor Recommendations?
Replies: 26
Views: 1923

Re: Lawn Tractor Recommendations?

I have a 15 year old John Deere L110 that I purchased at a John Deere dealership. The balance gears on the crankshaft of the Kohler engine failed when it was 13.5 years old and had 1,000 hours of operation. The engine makes a terrible noise when it’s running and it leaks oil when it’s sitting. The c...
by Dead Man Walking
Sun Sep 01, 2019 8:43 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 164285

Re: [What TV Show Have You Recently Watched?]

Power on Starz. It’s not close to The Wire or Breaking Bad, but it’s an entertaining show about drug dealers.

DMW
by Dead Man Walking
Fri Aug 23, 2019 10:49 pm
Forum: Investing - Theory, News & General
Topic: Practically speaking, what are negative interest rates
Replies: 16
Views: 2648

Re: Practically speaking, what are negative interest rates

The neutral interest rate is often considered to be 0% + the rate of inflation. Vanguard federal money market is currently paying 1.49%; short term bond index is paying 1.84%. The Fed short term rate is about 2%. You can decide who has the correct estimate of inflation.

DMW
by Dead Man Walking
Thu Aug 22, 2019 8:43 pm
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 28321

Re: Larry Swedroe: Factor Investing Works (Despite What Some May Say)

I've noticed that sometimes people don't bother reading the article or even the OP. Maybe this meme will help. https://i.postimg.cc/cHt3jkbx/38nwsd.jpg I read the article and noticed that he stated the results were compared to an appropriate index. I don’t believe that VTMSX is the appropriate inde...
by Dead Man Walking
Wed Aug 21, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 70
Views: 8462

Re: Anybody else enjoy sitting around and doing little in retirement?

Many folks simply can’t accept the fact that they are valuable without some purpose for living. I view retirement as the garden of eden before the original sin. I sit back, relax, and enjoy the life that I have been blessed with. If you feel that your worthless unless you have something to do, find ...
by Dead Man Walking
Wed Aug 21, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's insurance - replacement cost
Replies: 24
Views: 1438

Re: Homeowner's insurance - replacement cost

35 years ago all of my power equipment and tools (riding lawn tractor, lawnmower, rototiller, chainsaw, weed eater, snow blower, many hand tools) were stolen from an outbuilding. Many of the items were 5-10 years old, but were in excellent operating condition. The depreciated value was not near the ...
by Dead Man Walking
Wed Aug 21, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 74
Views: 10467

Re: Prepare for Recession?

Jeremy Siegel is predicting a slow down, not a recession in an article at the Knowledge @ Wharton website. He has been wrong in the past. I don’t place much stock in anyone’s predictions.

DMW
by Dead Man Walking
Fri Aug 16, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 6923

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I live in an area with a large Amish population. Some Amish sects do not use credit cards to pay for goods and services nor do they accept credit cards for goods and services they provide. Some tourists are shocked when they learn that they can’t buy a quilt with a credit card or a debit card. Amish...
by Dead Man Walking
Fri Aug 16, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Why not invest in sector ETFs?
Replies: 32
Views: 2657

Re: Why not invest in sector ETFs?

I remember when Fidelity introduced sector mutual funds. Many gurus pointed out that the best performing mutual fund for the coming year would likely be one of Fidelity’s sector funds. The problem was picking which one. Good luck.

DMW
by Dead Man Walking
Thu Aug 15, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Why Zero (or Negative) Interest Rates Could Someday Make Sense
Replies: 92
Views: 6864

Re: Why Zero (or Negative) Interest Rates Could Someday Make Sense

Yesterday’s Washington Post had an article titled “Banks are paying people to borrow money. That’s alarming news for the global economy.” The article discusses the ramifications of negative interest rates on banks, insurance companies, pension funds, as well as investments in general.

DMW
by Dead Man Walking
Sun Aug 11, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 22405

Re: Negative Interest Rates in U.S.

How this will all unwind over time is uncertain but we're in a place we've never been to before. As usual a widely diversified all weather portfolio is IMO the best approach for investors. I don't think the "new normal" if that is what this is changes investment approach. Garland Whizzer I have rea...
by Dead Man Walking
Sun Aug 11, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: Short Essay Describing Volatility Drag On A Portfolio
Replies: 8
Views: 485

Re: Short Essay Describing Volatility Drag On A Portfolio

nedsaid wrote:
Sun Aug 11, 2019 2:24 pm
It seems to be the best shot of beating this is diversification across factors.
Any suggestions on how to do diversification across factors. Multifactor funds haven’t been very successful to date.

DMW
by Dead Man Walking
Fri Aug 09, 2019 10:55 pm
Forum: Personal Consumer Issues
Topic: Breakfast Menu After Retirement
Replies: 73
Views: 10198

Re: Breakfast Menu After Retirement

The best thing about retirement is that I am not in a hurry to get to work; consequently, I can take the time to prepare whatever suits me on that day. My only limitation is what food is in the refrigerator or pantry.

DMW
by Dead Man Walking
Fri Aug 09, 2019 10:16 pm
Forum: Personal Consumer Issues
Topic: Do You Order "the Special" at Restaurants?
Replies: 50
Views: 4363

Re: Do You Order "the Special" at Restaurants?

My club has a different special every day of the week. They serve dinner from 5-9 pm. It’s been my experience that the special may not be available after 7 pm because it’s been sold out. (Many members are old retired folks that show up between 5 and 6.) A favorite restaurant has an excellent chef wh...
by Dead Man Walking
Fri Aug 09, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: Why do dividends still exist?
Replies: 204
Views: 12520

Re: Why do dividends still exist?

rbaldini wrote:
Fri Aug 09, 2019 6:43 pm
Maybe the real question here is: why do we tax capital gains differently than income?
+1 :sharebeer

DMW
by Dead Man Walking
Wed Aug 07, 2019 1:53 am
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 81
Views: 9206

Re: Vanguard brokerage account transition

I have read all of the threads about the transition on this website. Many have made the argument that there is a cost to maintain the old platform. To date no one has documented that this is true. Vanguard is notorious for their poor customer service. I would suggest that this is just another exampl...
by Dead Man Walking
Sat Aug 03, 2019 5:23 pm
Forum: Personal Investments
Topic: Is this a good time to invest?
Replies: 18
Views: 2006

Re: Is this a good time to invest?

How would you feel about a 50% downturn? You may need to determine your risk level before you invest. Someone always replies that today is the best day to invest a lump sum. It’s always best to determine your ability and need to take risk before you invest.

DMW
by Dead Man Walking
Wed Jul 31, 2019 9:26 pm
Forum: Investing - Theory, News & General
Topic: Does fed cut affect gold prices , stock market , mortgage rates?
Replies: 19
Views: 2728

Re: Does fed cut affect gold prices , stock market , mortgage rates?

The markets were down because the rate cut was only 25 basis points. This is an example of market behavior that makes some investors skeptical of the efficiency of the market. It’s also an example of why investors should have a well thought out investment plan with a realistic asset allocation.

DMW
by Dead Man Walking
Fri Jul 26, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: Minimum volatility ETFs
Replies: 27
Views: 1449

Re: Minimum volatility ETFs

Vanguard Global Minimum Volatility Fund is another alternative if you are interested in a global investment. It’s about 50/50 domestic/international. The stocks are about 45% large cap, 45% mid cap, and 6% small cap. The fund has good 5 year history.

DMW
by Dead Man Walking
Fri Jul 26, 2019 7:53 pm
Forum: Personal Investments
Topic: Charles Schwab vs. J.P. Morgan. Which one to invest?
Replies: 22
Views: 3047

Re: Charles Schwab vs. J.P. Morgan. Which one to invest?

I have a Chase Premier bank account and opened a taxable YouInvest account because I have 100 free trades per year. I only have Vanguard funds in my YouInvest account. The primary reason I invest using the YouInvest account is that is simpler to transfer money from my bank accounts to the YouInvest ...