Search found 1524 matches

by jdb
Tue May 14, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Police and Troopers fund.
Replies: 77
Views: 3121

Re: Police and Troopers fund.

This doesn't sound like a legitimate charity. Charity Navigator, mentioned by others, can help you distinguish wheat from chaff when it comes to charities of all types. A legitimate charity which functions in the law enforcement space is Concerns of Police Survivors (COPS): https://www.concernsofpo...
by jdb
Tue May 14, 2019 2:02 pm
Forum: Personal Investments
Topic: refusing inheritance
Replies: 45
Views: 5000

Re: refusing inheritance

Been there done that. When my mother prepared her Will (she died 10 years ago) she insisted assets go to to each of five children equally, even though my younger sister is in financial straits and I did not need inheritance. I explained to my mother but she insisted on equal portions so I told her w...
by jdb
Sat May 11, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: 60/40 allocation criticism
Replies: 33
Views: 6574

Re: 60/40 allocation criticism

Unfortunately there is no concrete alternative solution in the article. That is classic click bait formula. Think of the financial advisor authors as spiders. You know what you are to them. They want you to contact them on their website (a good analogy, websites and spider webs) to get entangled in...
by jdb
Fri May 10, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: 60/40 allocation criticism
Replies: 33
Views: 6574

Re: 60/40 allocation criticism

Hi all I’m new to the forum but not new to the core concepts of bogleheads. I came across this article and am curious if anyone thinks it has any merit: https://www.forbes.com/sites/robisbitts2/2019/04/25/destroying-the-6040-portfolio-myth/ Welcome to the forum. For my self, I avoid ALL investment ...
by jdb
Tue May 07, 2019 6:09 pm
Forum: Personal Investments
Topic: VMMXX as cash
Replies: 38
Views: 5319

Re: VMMXX as cash

Vanguard has three great money market funds. VMMXX, as referenced here, VMSXX, the muni market MMF great for those of us paying Uncle Sam more than 30 percent, and VUSXX, the Treasury MMF safest of all, albeit with $50K minimum. I am a little embarrassed that use all three though like each for diffe...
by jdb
Sat May 04, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Now enjoying my new favorite book, Leaves Of Grass by Walt Whitman. I had never read. Saw at Costco in hardbound edition with larger font, just like the old publications I love to find at used book stores. To my surprise I am very much enjoying perusing the poems. Loved Song of Myself. And a much sh...
by jdb
Thu May 02, 2019 4:48 pm
Forum: Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?
Replies: 43
Views: 3898

Re: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?

The OP has the correct idea. I have Vanguard Intermediate Tax Exempt in taxable and TBM in tax deferred. I hold the admiral classes in both so that is my comparison. I am above 30 percent tax bracket. The tax exempt has better after tax yield for me in taxable. Somewhere south of the 30 percent tax ...
by jdb
Mon Apr 29, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 9126

Re: WSJ--How Schwab Ate Wall Street

One thing that hit me from the article: "Schwab's bank made more than half of the company's overall revenue of $10.13 billion in 2018, up from 29% of revenue in 2009." And Vanguard discontinues it's banking options. No kidding. If Vanguard could somehow relaunch "VanguardAdvantage" as a cash manage...
by jdb
Thu Apr 25, 2019 4:33 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 109
Views: 12061

Re: Tequila and Magaritas

This is a funny and educational thread. Many years ago hosted big summer afternoon outdoor party at our house, I have no recollection of the occasion but enough people that we hired caterer. The caterer recommended that I rent a Margarita machine for party. The machine came with lots of frozen premi...
by jdb
Wed Apr 24, 2019 6:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 12781

Re: Vanguard Announces Plans to Launch Commodities Fund

Good responses in this thread. Changed my mind, this commodity CCF will not be in my portfolio despite having Vanguard name. I had forgotten that it is based on derivatives, and that in my amateur opinion derivatives have been one of great inventions by banks in loans using rate protection and fund ...
by jdb
Tue Apr 16, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13333

Re: Are RMDs that bad if you're not an over-saver?

RMD is very bad when folks found it's already too late to do anything. Plan ahead. Exactly. Wish I had found Bogleheads 20 years ago. Did it even exist then? No, it didn't. I would not characterize RMD as "very bad" in any sense of that term. It's a requirement to pay the tax that you have not paid...
by jdb
Mon Apr 15, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Just finished The River by Peter Heller. Two college student friends who are avid outdoorsmen plan a several week long canoe and portage trip in northern Canada where they get dropped off by float plane. Do not expect to encounter attempted murder by another canoe group and raging forest fire. As so...
by jdb
Mon Apr 15, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: High powered binoculars recommendations
Replies: 22
Views: 1074

Re: High powered binoculars recommendations

t885 wrote:
Mon Apr 15, 2019 12:20 pm
I've owned several models over the years sold them all and now only have a Swarovski EL 10x42.

https://www.eurooptic.com/34210-Swarovs ... 34210.aspx
I have a Swarovski EL 8.5 x 42, highly recommend. Sometimes in life you get what you pay for. Good luck.
by jdb
Fri Apr 12, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"
Replies: 76
Views: 10546

Re: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"

An example of why I cancelled my Forbes magazine subscription last year. Not enough time for reading conflict of interest nonsense. Good luck.
by jdb
Fri Apr 12, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: YouTube TV is increasing their price - will you cancel it?
Replies: 63
Views: 4711

Re: YouTube TV is increasing their price - will you cancel it?

I know that I am out of touch. Never heard of it. And never heard of most of other tv options mentioned. I strongly believe in wisdom of paying a fortune each year for Comcast cable which we rarely even use. Good luck.
by jdb
Tue Apr 09, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Just finished two fascinating histories which I admit that I skimmed through in parts. Sometimes just too much information. The Catalogue of Shipwrecked Books by Edward Wilson-Lee, being a biography of Hernando Colon, son of Christopher Columbus, and the wonderful largest library in the 16th century...
by jdb
Tue Apr 09, 2019 7:12 pm
Forum: Investing - Theory, News & General
Topic: What websites do you use for the latest investing news?
Replies: 51
Views: 4074

Re: What websites do you use for the latest investing news?

It’s all sound and fury signifying nothing. Far better to shut out all daily so called business news and spend a quiet hour or so in evening reading one of the investment books referenced on this site. Or even better a leisurely reading of War and Peace. I do read WSJ and NYT daily but for macroecon...
by jdb
Mon Apr 08, 2019 6:46 pm
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 138
Views: 18395

Re: Trader Joe's Fans - good value?

I go to TJ once a month for one product only. Their dark chocolate covered almonds, 73 percent cacao, from Belgium. Worth the trip for that product. And I can use the express checkout lane. Good luck.
by jdb
Sun Apr 07, 2019 7:37 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6396

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I think another poster summarized individual stock selection well. Like poker, you have to know when to hold them and when to fold them. Problem is no one really knows. Like the old true saying, if you are at poker table and don’t know who the pigeon is, that means it is you.
by jdb
Sat Apr 06, 2019 4:07 pm
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6396

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I’m a bit of a Peter Lynch disciple. Limit my individual stock speculation to not more than 20% of equity, rest in Vanguard funds. I only invest in companies whose products or services I regularly use and enjoy. And my primarily tech stock selections past 6 years have easily exceeded index portfolio...
by jdb
Fri Apr 05, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: End of debit cards for me
Replies: 135
Views: 17407

Re: End of debit cards for me

This is an old but still interesting, and relevant, thread. I recently told my bank, BofA, that I wanted to cancel my debit card and instead get an ATM only card. I was initially told by someone online that bank would not allow. I went to branch and they agreed to make the change, but when got new A...
by jdb
Fri Apr 05, 2019 8:08 am
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 613
Views: 50844

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

At any rate, even if I was keeping minimal balances, and juggling my inflows and outflows, I still don't see why I wouldn't use a money market fund. It's just a better rate. UBS checking account MM sweep is paying about 2% right now. It's just like any other checking account you'd have. If you have...
by jdb
Thu Apr 04, 2019 2:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 148
Views: 12781

Re: Vanguard Announces Plans to Launch Commodities Fund

I lost monies on PCRIX years ago until I finally threw in the towel and exited commodities. I remember thinking that would not touch asset class again unless Vanguard had a fund. Be careful what you wish for. So I may invest some of my tax deferred account into this fund. Some people like me never l...
by jdb
Thu Apr 04, 2019 12:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 613
Views: 50844

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

I don't bother with the bank checking account precisely because I don't want to be constantly monitoring if there is enough cash to cover expenses. There is accounting software that will do the monitoring for you. Whenever I boot my computer I get a small screen from billminder.exe that informs me ...
by jdb
Tue Apr 02, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 613
Views: 50844

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts

This thread has a life of its own. As a longtime Vanguard customer who maintains relatively large money market account balances I have a completely different viewpoint than most of posters. For security reasons I have no interest in having my Vanguard mutual account information circulating on checks...
by jdb
Tue Apr 02, 2019 9:38 am
Forum: Personal Investments
Topic: Schwab users: Does Schwab discourage the purchase of money market funds?
Replies: 44
Views: 3603

Re: Schwab users: Does Schwab discourage the purchase of money market funds?

Good reason to switch to Vanguard. I use both Prime Money Market and Vanguard Treasury Money Market. And use my bank accounts for banking transactions such as checks and bill pay, do ACH transfers from Vanguard money market accounts to checking accounts as needed. Very easy way to get best money mar...
by jdb
Thu Mar 28, 2019 9:54 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Just finished Spearhead by Adam Markos. Fascinating history of US 3rd Armored Division, the “Spearhead Division”, in the European campaign of 1944 and 1945, focusing on a tank gunner and his crew who were assigned one of the first Pershing tanks delivered for combat duty, and saw lots of action incl...
by jdb
Thu Mar 28, 2019 6:24 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13194

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

I was hoping would never have to suffer another Dave Ramsey thread. Never listened to him and based on reports have no interest in listening. Seems to be lots better investment advice available than someone pushing active funds with high fees. Not for me. Good luck.
by jdb
Sun Mar 24, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Wild Planet Sardines quality problem [Review of sardine brands]
Replies: 31
Views: 3362

Re: Wild Planet Sardines quality problem [Review of sardine brands]

The feral cats in our neighborhood don’t care for the Costco sardines. Guess how I know? We have far too many in our neighborhood, I trap and take to our county animal services agency, none since bought the Costco sardines. So guesss that is a negative vote. Please don’t report me to the local feral...
by jdb
Fri Mar 22, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 5181

Re: Do you still wear a necktie to work?

I like to digress. My favorite necktie story, at least 30 years ago I was member of a downtown Lions Club luncheon group, nice organization, met weekly for lunch and charity activities. And everyone of course wore ties. One year the national organization requested donations of neckties for native In...
by jdb
Thu Mar 21, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on the teachings of Ed Slott
Replies: 52
Views: 5362

Re: Your thoughts on the teachings of Ed Slott

Garbage in garbage out. For those of us who were in maximum tax brackets during all pre retirement years the advice was garbage. Why would we pay more tax to convert? The traditional IRA fits our purposes nicely. Can skip the book. Thanks.
by jdb
Wed Mar 20, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Are RMDs that bad if you're not an over-saver?
Replies: 139
Views: 13333

Re: Are RMDs that bad if you're not an over-saver?

I fail to see the problem. If you need the income from RMD no different than additional earned income, pay the tax. And after all is deferred tax and can’t understand how anyone could be surprised, always part of tax code. And if don’t need the money do QCDs. Last year was my first RMD, had to take ...
by jdb
Mon Mar 11, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone leaving behind a scholarship fund?
Replies: 63
Views: 3879

Re: Anyone leaving behind a scholarship fund?

Yes. My wife and I endowed a scholarship at an Ivy league school attended by two of our children, we named it in honor of one of the neuroscience professors who was an inspiration and mentor to our son, our names not attached, the professor and his department choose recipients, every year we receive...
by jdb
Fri Mar 01, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard is Discontinuing their VanguardAdvantage Accounts
Replies: 613
Views: 50844

Re: Vanguard is Discontinuing their VanguardAdvantage Accounts]

I am surprised at all the angst. My flagship select rep called me today to advise. I told him that never used and would not miss it, I shredded all my Vanguard checks last year. Don’t want a checking account tied to my Vanguard accounts for security reasons. Prefer to keep my checking accounts at ba...
by jdb
Thu Jan 31, 2019 3:51 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4552

Re: RMD at 70.5 - what am I missing?

I have become a proselytizer among my friends of a certain age for QCD’s. Have enjoyed donating to local and national 501(c)(3) organizations past six months since turned 70.5. If don’t need the RMD for income and don’t need for heirs it is great way to contribute to society and avoid taxes on RMD o...
by jdb
Tue Jan 15, 2019 3:57 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 4092

Re: Any good reason to get a smartwatch?

As an early adopter (my Tesla Model S has a 3 digit VIN) now on third Apple Watch. Use timer every morning on coffee and every evening with steaks or fish or whatever on cast iron pan. Easily cancel those annoying unknown number calls without pulling out iPhone just by putting hand over watch. Can s...
by jdb
Mon Jan 14, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

My reading has been hijacked by the WSJ of all things. Started to reread one of my favorite novels, Les Miserables. Got through the first hundred pages. But then read in Wall Street Journal this weekend an opinion piece about the great writing by Cicero entitled “”Cato The Elder: On Old Age”. And of...
by jdb
Fri Jan 11, 2019 1:49 pm
Forum: Personal Investments
Topic: RMD Withdrawal Plans
Replies: 6
Views: 746

Re: RMD Withdrawal Plans

401(k) accounts are heavily governed by the plan rules setup between the 401(k) plan's sponsoring employer and its custodian. Have you considered rolling the Schwab 401(k) into a Schwab IRA where you aren't bound by the employer agreement? I am surprised that so many people do not rollover their 40...
by jdb
Thu Jan 10, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1594

Re: Fender Bender backing out of garage. File a claim with insurance?

Don’t feel bad. My wife was backing car on driveway and hit our daughter’s parked car. Lots of damage to both cars. Both were insured by State Farm. The agent laughed when I explained to her the double claim. I told my wife her license should be restricted to forward motion only. Good luck.
by jdb
Thu Jan 10, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: Your Vanguard Page
Replies: 32
Views: 3155

Re: Your Vanguard Page

I check my bank accounts online every day cause that is where the action is, where my bills are paid and debits and credits from various accounts appear. My Vanguard account is long term investments, once a month quick perusal enough unless transferring money to my bank accounts. Good luck.
by jdb
Tue Jan 08, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 9595

Re: More Nanny State From Vanguard

Good for Vanguard. Another reason will keep almost all my investments there. Would not bother me a bit if they also banned option and margin trades if helped reduce their operating costs in platform, which is ideal for us long term buy and hold investors looking for low cost funds. Good luck.
by jdb
Sun Jan 06, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Just finished Educated: A Memoir by Tara Westover. It was named by New York Times one of the ten best books of 2018. In my opinion it is the best book published in 2018. I was very impressed with this memoir of woman who was raised by survivalist parents in Idaho and never attended school until she ...
by jdb
Sun Jan 06, 2019 4:27 pm
Forum: Investing - Theory, News & General
Topic: 2019 Hedge Fund Contest
Replies: 208
Views: 12834

Re: 2019 Hedge Fund Contest

My Fund Manager hopes that Tesla goes way down this year so we can back up our hedge fund owned pickup and load up on lots more shares. But she suspects that will then rebound and of course in this contest December 31 is only date that counts. And I know better than to argue with a successful track ...
by jdb
Mon Dec 31, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3742
Views: 1078282

Re: What Book Are You Currently Reading? Part VI

Just finished David Copperfield. Read so many years ago did not remember story. Enjoyed very much, far more now that have learned to read these classic novels slowly at leisure. Loved the Dickens characters. And only reason read it was bought at book fair a hard bound Franklin Library edition publis...
by jdb
Mon Dec 31, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 20246

Re: Favorite Purchase of 2018?

Last day of the year. Last 2018 purchase, a delayed holiday gift for myself. A pedal assisted bike aka electric bike. Been tooling around the hood with it. So much fun. My wife now jealous as has trouble keeping up with me on her regular bike so guess what purchase planned in 2019? Happy New Year ev...
by jdb
Fri Dec 28, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2518

Re: Why do people buy- performance cars?

Why do people buy performance cars? Because I like it and I can afford it. As my dad said, you can only go the speed limit. Your dad will be surprised if he ever gets to I-95 up and down Miami area. I've seen people doing 20 mph over 70. With the police car around, I've seen people reel it in to ab...
by jdb
Fri Dec 28, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2518

Re: Why do people buy- performance cars?

AgentOrange wrote:
Fri Dec 28, 2018 5:32 pm
I'm buying mine to compensate for my lack of sexual endowment.
Very funny. That explains most of the older men I know driving corvettes. But how explain all the females that like corvettes?
by jdb
Fri Dec 28, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Artemis Attack on the Bogleheads
Replies: 80
Views: 9494

Re: Artemis Attack on the Bogleheads

Life is too short to listen to any podcast from a hedge fund manager. I have a very sensitive baloney meter which sounds an alarm when detects absolute nonsense aka balderdash. The alarm now going off so I will leave this thread so can do more important things in life like make my Friday evening mar...
by jdb
Tue Dec 25, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: What’s your TLH Strategy [Tax Loss Harvest]
Replies: 42
Views: 2778

Re: What’s your TLH Strategy [Tax Loss Harvest]

Once a year, last week in December, and only if taxable mutual fund investments down more than 15 percent from cost basis. Otherwise too much portfolio analysis and takes me away from more important things like my winter tomato crop and honeybee hives. Good luck.
by jdb
Mon Dec 24, 2018 4:15 pm
Forum: Personal Consumer Issues
Topic: French Press recommendations
Replies: 24
Views: 1447

Re: French Press recommendations

Le Creuset stoneware French Press for me. But have had glass Bodum and aluminum Secura and coffee tastes the same in all of them. Good luck.