Search found 1438 matches

by jdb
Sat Sep 22, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: AQR podcast: stocks are not real assets and do not hedge against inflation risk
Replies: 25
Views: 1982

Re: AQR podcast: stocks are not real assets and do not hedge against inflation risk

That is the reason I established a TIPS ladder in my portfolio. Good luck.
by jdb
Fri Sep 21, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

Just finished Buzz, the Nature and Necessity of Bees by Thor Hanson. As a backyard beekeeper I have read probably more than my fair share of bee books but this one was special, very well written and covering all types of bees including of course Apis Mellifera, our honeybee, but also Bumble Bees and...
by jdb
Thu Sep 20, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Going to the Everglade. A few questions please.
Replies: 21
Views: 1167

Re: Going to the Everglade. A few questions please.

If you have time suggest reading Shadow Country by Peter Matthiessen. Great series of three short novels, won National Book Award, centered in Chokoloskee end of 19th century, will give you good historical perspective. Good luck and enjoy.
by jdb
Thu Sep 20, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 56
Views: 8061

Re: Are We Headed For A Passive Index Meltdown?

I just threw out the latest Forbes magazine without opening, as I do every month. No idea why they keep sending me that garbage. Same reaction to their online articles. Better off ignoring such nonsense. Good luck.
by jdb
Thu Sep 20, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4180

Re: I need a chainsaw to trim branches and limbs!!

After reading these posts I only have one comment: my favorite tree pruning tool for my fruit tree orchard by far is a Stihl manual extension pruner. Now on my third one, others got mangled over the years by my bad tree management in not avoiding falling limbs on the pruner. But a great tool. Good l...
by jdb
Thu Sep 20, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Should I bother meeting with a Chase Private Client Rep
Replies: 44
Views: 3380

Re: Should I bother meeting with a Chase Private Client Rep

Been there done that. Over 30 years private banking with Wells Fargo and its predecessors. Now avoiding any private bankers with BofA. Though enjoy having a Vanguard Flagship rep to call. Won’t make any difference in your life either way unless you are a sucker for high commission wealth management....
by jdb
Thu Sep 20, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 1707

Re: New [Vanguard] environmental, social, governance (ESG) ETFs

Thanks for the update. I plan to invest. Edit: as soon as Vanguard comes out with mutual fund for this asset class. I have no ETF’s and don’t plan to buy any.
by jdb
Tue Sep 18, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Inexpensive source for greeting cards?
Replies: 27
Views: 1492

Re: Inexpensive source for greeting cards?

I just don't get greeting cards. Never have, never will. Take a piece of paper and write the recipient a heart-felt message. If you need inspiration, check the internet. Having said that, if you are still compelled to buy a card, check your local dollar store. Mine sells Hallmark cards for 2/$1. +1...
by jdb
Mon Sep 17, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 97
Views: 6838

Re: Leasing Cars in Retirement

So why do you think car dealers love leases? Cause they want to give you best financial deal? No. They want to maximize their margin off you and see you again in three years to rinse and repeat. And if you think negotiating a car purchase tricky try negotiating a lease. And if want to limit down pay...
by jdb
Fri Sep 14, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4934

Re: Shorts in Egypt

duplicate post. Some day I will figure this out. If you get stuck, report the post using the "!" in the top-right corner of the post. One of the reasons is "duplicate thread". Explain that it's a duplicate post and a moderator will take care of it. (I removed one of the duplicates for you.) =======...
by jdb
Fri Sep 14, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

MJW wrote:
Fri Sep 14, 2018 6:45 pm
RegDunlopCPA wrote:
Fri Sep 14, 2018 4:42 pm
12 Rules for Life by Jordan B. Peterson. It has been fantastic thus far.
Haven't read this book but 12 seems like a lot.
Very funny. Could probably do all of us without interest In actually reading the book to list the 12 rules. Probably too many for me to remember.
by jdb
Fri Sep 14, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2728

Re: Picking a Charity

Thanks to this thread I have learned to review the public IRS filings of any charity to which I am considering donating to find out how much of their revenues are being paid to their administrators and for fundraising and what percentage going to their charitable activities. Charity Navigator descri...
by jdb
Fri Sep 14, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4934

Re: Shorts in Egypt

duplicate post. Some day I will figure this out.
by jdb
Fri Sep 14, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4934

Re: Shorts in Egypt

Shorts are a crime against elegance. Victoria I always knew Victoria was classy. When I go to supposedly nice restaurants in South Florida for dinner and see guys in shorts I am almost ready to leave and find a restaurant with some class. And don’t get me started on the Florida older men with short...
by jdb
Fri Sep 14, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Single Family Homes in Chicago?
Replies: 28
Views: 2870

Re: Single Family Homes in Chicago?

Suggest Wicker Park or Bucktown neighborhoods within walking distance of Damen Blue Line Station. Lots of young families and restaurants etc. Good Luck.
by jdb
Fri Sep 14, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 70
Views: 4934

Re: Shorts in Egypt

Maybe I am part Egyptian. One of my pet peeves, I think that men look like clowns wearing shorts in public, especially egregious are airports and airlines and restaurants other than fast food. Yes, I live in South Florida, I wear shorts on golf course, they are needed playing tennis and at the beach...
by jdb
Fri Sep 14, 2018 3:46 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

Just finished Uttermost Part Of The Earth by E. Lucas Bridges. Mentioned to friend who has old book collection how much I enjoyed The Voyage of the Beagle, especially Darwin’s descriptions of Tierra del Fuego and the native Indians. So friend gave me this book published 70 years ago in London writte...
by jdb
Fri Sep 14, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4180

Re: I need a chainsaw to trim branches and limbs!!

I go through a gas chainsaw every couple years in my hobby fruit tree orchard, currently using the 18” Echo CS-400. But favorite and most used chain saw is 14” battery powered Stihl MSA200C. A great machine for smaller jobs. Problem is the cost plus battery plus charger far exceeds your suggested bu...
by jdb
Thu Sep 13, 2018 8:14 am
Forum: Personal Consumer Issues
Topic: Vanguard electronic bank transfers
Replies: 22
Views: 2055

Re: Vanguard electronic bank transfers

I have avoided checks for past few years due to fraud on my bank account, surprised me how easy it was for fraudster to photocopy one of my checks and insert their payee info and amounts. Three checks cleared my bank for several thousand dollars before bank caught it and eventually reversed but was ...
by jdb
Wed Sep 12, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 63
Views: 8023

Re: My daughter's inheritance.

Been there done that. At least with respect to several children’s trusts for more monies. Sorry for your daughter’s loss. Make it simple. Vanguard account. 50 percent equity, I like 500 equity index fund. 50 percent bonds. Since taxable account I suggest Vanguard intermediate tax exempt for 40 perce...
by jdb
Wed Sep 12, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2728

Re: Picking a Charity

All my RMD going to QCD. I prefer local charities. I have been asking friends about which local charities they find most effective, lots of good suggestions. But it is harder than I expected, need to do the due diligence through charity navigator or its ilk, or through friends involved in the organi...
by jdb
Sun Sep 09, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

Started to reread The Iliad. Forgot how violent it is, even though epic poem. Remembered last one I read was translation by Samuel Butler. Remembered how great his novel was. Ended up re reading The Way Of All Flesh, one of my all time favorites. And only reason I got book was cause found a leather...
by jdb
Sun Sep 09, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

Started to reread The Iliad. Forgot how violent it is, even though epic poem. Remembered last one I read was translation by Samuel Butler. Remembered how great his novel was. Ended up re reading The Way Of All Flesh, one of my all time favorites. And only reason I got book was cause found a leather ...
by jdb
Wed Sep 05, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 9846

Re: Max you should invest in a 529?

I think the 529 program is a great tax planning tool provided you take advantage of time value of tax advantaged investing, need to keep the funds invested for at least 10 year to get max advantage of tax savings on earnings. We used 529 to pay for daughter’s expensive Ivy League college plus it las...
by jdb
Wed Sep 05, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9695

Re: What will you do when you find you have more money than expected?

Just mailed 9 envelopes this morning each addressed to charities, each containing a QCD check. And spoke with my Vanguard rep to order two more checks to charities. And mentioned to my wife this morning that was not easy giving away money to charities, need to do due diligence to make sure worthy. S...
by jdb
Mon Sep 03, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?
Replies: 79
Views: 3151

Re: What's wrong with putting most of my money into two stocks: Alphabet and Amazon?

Amazon now the most shorted stock, having overtaken TSLA. As an outlier on this site say of course, and assuming this is legit post, go for it. Not sure about all your equity. Think you have to be mostly index funds to be able to post on this site. I have had 25% of my equity allocation past 6 years...
by jdb
Fri Aug 31, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Yes, I have looked at their site quite a bit (I am a tax preparer). I have not found any specific references to community foundations. The link you provided refers to all TE organizations. Not all 501(c)(3)s are eligible to receive QCDs even though they might be eligible for Schedule A deductions o...
by jdb
Fri Aug 31, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Sneaky ways to get into closed funds (e.g. POAGX in TN 529)
Replies: 32
Views: 2860

Re: Sneaky ways to get into closed funds (POAGX in TN 529)

Shhhhh .. please can you stop spilling the beans on primecap funds to the general public. Let some of us who have been riding this gravy train for years continue to enjoy in silence. If there is one thing that kills outperformance by talented managers, it is flow of assets and performance chasers. ...
by jdb
Fri Aug 31, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11268

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

Interest rates are sure to rise.
The corollary: Bond Bubble.
Been seeing predictions of both for ten years on this site. Not even sure what a bond bubble is. Kind of like a soap bubble? Anyway, has been good reason for me to stay the course with fixed income allocation.
by jdb
Thu Aug 30, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Vanguard does it that way also. For example, in 2017 on my IRA 1099R my entire distribution is shown as "taxable" while half of it was actually QCDs. Some of the QCDs were submitted to the charity with checks from Vanguard and the rest were donated by IRA checks I wrote . (emphasis added) Wow! This...
by jdb
Thu Aug 30, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3335

Re: high RMD withdraw from 401k question

Welcome to the tax torpedo club, membership restricted to those with high pensions, SS retirement benefits and 2 comma and above traditional IRA/401k accounts. You can get discounted membership status if you plan a lot of Roth conversions until RMDs kick in or you have extremely high deductible med...
by jdb
Thu Aug 30, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1745

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Your tax preparer will reflect on your 1040 that the amount of the QCD is non taxable. The fiduciary did it correctly, it is not their obligation to determine whether your QCD went to a qualified 501(c)(3) or that you actually remitted the check to the charity. Be sure to keep a copy of the direct c...
by jdb
Wed Aug 29, 2018 7:22 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

Now starting to read The Iliad with translation by Robert Fagles. Last time I read it several years ago it was the translation by Samuel Butler from around 1895. Now I love Butler’s great novel The Way of All Flesh but thought would be nice to read a translation at least from the 20th century. This ...
by jdb
Wed Aug 29, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11850

Re: How do you 7 figure guys organize multiple accounts?

furikake wrote:
Wed Aug 29, 2018 2:55 pm
I dig a hole in my yard, I put everything in a sealed box, and then I bury the box. No problem! :mrgreen:
I think you are my neighbor. Been secretly watching you bury that sealed box. When are you going on vacation? 8-)
by jdb
Wed Aug 29, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: high RMD withdraw from 401k question
Replies: 31
Views: 3335

Re: high RMD withdraw from 401k question

Not a direct answer to your question, but I just started taking RMD last week. Best part for us is ability to take that portion of RMD not needed for income and make qualified charitable contributions to local charities. Pay no tax on the QCD and it counts as part of RMD. Good luck.
by jdb
Wed Aug 29, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4381

Re: Chipotle question

Am I the only one who finds these Chipotle threads unappetizing?
by jdb
Tue Aug 28, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3504

Re: Best ultra thin pocket knife?

Duplicate post
by jdb
Tue Aug 28, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3504

Re: Best ultra thin pocket knife?

Boye Dendritic Cobalt folder. Very compact. I have had mine for 15 years, not a bit of rust. I use it on my sailboat. Amazingly compact and thin but extremely robust. The best there is in my humble opinion. Not cheap though. https://www.boyeknives.com/pages/folders This is a useful thread. Who woul...
by jdb
Tue Aug 28, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 11850

Re: How do you 7 figure guys organize multiple accounts?

One bank, BofA, and one broker, Vanguard. When we each turned 60 wife and I transferred our respective 401(k) accounts to Vanguard so now our taxable and tax deferred accounts in one location. Our individual stocks and bond ladders also on Vanguard platform. Power of simplicity. Good luck.
by jdb
Sun Aug 26, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: What non-Vanguard ETFs will you be looking to buy?
Replies: 62
Views: 6516

Re: What non-Vanguard ETFs will you be looking to buy?

No and none. No ETFs for me, thank you very much, only index mutual funds and some select Vanguard managed funds, together with my individual stocks and bond ladders. And the mutual funds all Admiral class at Vanguard. Good luck.
by jdb
Sat Aug 25, 2018 7:04 am
Forum: Personal Consumer Issues
Topic: Costco Kirkland Brand Liquor
Replies: 63
Views: 8641

Re: Costco Kirkland Brand Liquor

Costco Kirkland Signature cognac is Peyrat XO, and it says so on the bottle. For about half the price. I am bumping this important thread cause our local Costco just got delivery of Kirkland XO Cognac and I bought bottle for first time and thought it was delicious, a great deal for under $50 per bo...
by jdb
Fri Aug 24, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

The Voyage of the Beagle by Charles Darwin, published in London in 1839. Found at my favorite Chicago used bookstore, Myopic in Wicker Park. When I go to used bookstores like to buy the old books with heavy leather covers and large fonts and period illustrations, this one hit all the keys, publishe...
by jdb
Fri Aug 24, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3290
Views: 995452

Re: What Book Are You Currently Reading? Part VI

The Voyage of the Beagle by Charles Darwin, published in London in 1839. Found at my favorite Chicago used bookstore, Myopic in Wicker Park. When I go to used bookstores like to buy the old books with heavy leather covers and large fonts and period illustrations, this one hit all the keys, published...
by jdb
Fri Aug 24, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 825
Views: 89660

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

The Columbo series with Peter Falk at end of last century. Am I only person who has not watched TV series in over 20 years? Never did see any HBO shows even though paid for cable service, our children watched occcasionally. And never used Netflix although now adult daughter uses service. I prefer re...
by jdb
Mon Aug 13, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7504

Re: Moving from Vanguard to Fidelity

All my funds at Vanguard, and all in Vanguard mutual funds except bond ladder and individual stocks, and bond ladder and individual stocks also on Vanguard platform. I would never move to Fidelity. If not for Vanguard there would probably be no low cost funds or ETF’s, Fidelity would still be chargi...
by jdb
Sat Aug 11, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6762

Re: Paper checks yes or no?

I pretty much stopped using paper checks a couple years ago after an unknown fraudster copied my checks and issued several checks for thousands of dollars which were cleared by my bank before they alerted me. The bank reversed the charges but I was surprised after talking with bank fraud dept how co...
by jdb
Sat Aug 11, 2018 6:54 am
Forum: Personal Consumer Issues
Topic: is it really a 501(C)(3) ?
Replies: 4
Views: 548

Re: is it really a 501(C)(3) ?

This is a useful post. I will be doing QCDs from RMD and need to be sure charity qualifies. I have been going to the charities website to confirm that they are tax qualified, I have yet to find one without website. But this post helpful, thanks.
by jdb
Fri Aug 10, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Comfortably Retired and charity giving?
Replies: 25
Views: 2114

Re: Comfortably Retired and charity giving?

100% of my annual RMD through QCDs to qualified charities. Fun part is selecting the charities. Good luck.
by jdb
Fri Aug 10, 2018 3:24 pm
Forum: Investing - Theory, News & General
Topic: Invest in Tesla?
Replies: 330
Views: 25094

Re: Invest in Tesla?

So the answer to the OP question posted on March 28 is clear- anyone buying at the then prevailing stock price could have made a profit of about 100 points by selling this week. Not too many of us were saying yes. And I am still saying yes, would hope that my stock position, which has more than doub...
by jdb
Tue Aug 07, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6748

Re: "Dollar Tree Store" favorites

OK, have read these responses and as someone who has never been inside a Dollar store see no compelling reason from the responses to change that habit. Target sounds good to me. And I do not buy birthday or anniversary cards for my wife of 40 plus years, but think she likes me anyway. Good luck.