Search found 50 matches

by mack123
Thu Dec 08, 2016 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Telephoning Vanguard
Replies: 77
Views: 6287

Re: Telephoning Vanguard

Vanguard runs as lean as possible, especially on the phones. They even have a program to pull people out of other departments to help on the phone when call volumes spike or too many drones take off. Service is a function of cost. However I agree that for a firm of vanguard size, that's unacceptable...
by mack123
Wed May 08, 2013 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Security Issue (Can I Limit Fund Removal Options?)
Replies: 10
Views: 1179

Re: Vanguard Security Issue (Can I Limit Fund Removal Option

I think you're over thinking this. Electronic funds transfers require your name to be on the account, or they don't go through. They also require succesfully answering security questions and a password if done by the web, or identity verification questions from public record if done over the phone. ...
by mack123
Mon Apr 08, 2013 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard's so so customer service
Replies: 71
Views: 10020

Re: Vanguard's so so customer service

The service is what it is. It's mostly good, and rarely, people will have bad experiences. You get that anywhere. Your best bet is to transact online and skip dealing with customer service reps. If you don't want to go online, then you will deal with the frustrations of dealing with customer service.
by mack123
Fri Feb 22, 2013 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: VMMXX Money Market fund transactions
Replies: 24
Views: 1779

Re: VMMXX Money Market fund transactions

What's outrageous about it? They can only sell the investment at the close of the market, and bank transfers take 2-3 business days.
by mack123
Tue Feb 12, 2013 4:49 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Funds to add international bonds
Replies: 76
Views: 11618

Re: Target Retirement Funds to add international bonds

I don't really get why people are so worked up and against the change. If you don't want a "one fund solution" or a fund of funds portfolio, just dont own it. It's simple. Target Date Funds need tweaking - if only because they are a relatively new product. There will almost certainly be ne...
by mack123
Tue Feb 12, 2013 3:08 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Vanguard: "never go public"
Replies: 40
Views: 5379

Re: NY Times: Vanguard: "never go public"

No it doesn't. Montgomery county is an affluent area and the cost of living (while not NYC) is not cheap
by mack123
Tue Feb 12, 2013 2:35 pm
Forum: Investing - Theory, News & General
Topic: The Perils of financial modeling with Excel
Replies: 42
Views: 3912

Re: The Perils of financial modeling with Excel

I once interviewed with a giant financial firm within their fund service side for fund of funds. Guess what robust system they used to calculate NAVs on billions of dollars? Excel. Once I heard the lady said excel, my face changed and no longer interested. If an organization is paid to do bookkeepi...
by mack123
Tue Feb 12, 2013 2:15 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Vanguard: "never go public"
Replies: 40
Views: 5379

Re: NY Times: Vanguard: "never go public"

They are all licensed reps.. Series 6 or 7 depending on what they do, and series 63
by mack123
Mon Feb 11, 2013 2:46 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Vanguard: "never go public"
Replies: 40
Views: 5379

Re: NY Times: Vanguard: "never go public"

I shouldn't say most I suppose. I should say a lot.
by mack123
Mon Feb 11, 2013 2:24 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Vanguard: "never go public"
Replies: 40
Views: 5379

Re: NY Times: Vanguard: "never go public"

Well, I know that the majority of workers at Vanguard do not even make what most people would call a reasonable salary. Most of them make 30-35k a year. So it'd be nice to know Bill and other senior staff make "reasonable" c-level salaries, too. With the private company status, they are pr...
by mack123
Mon Feb 11, 2013 2:02 pm
Forum: Investing - Theory, News & General
Topic: NY Times: Vanguard: "never go public"
Replies: 40
Views: 5379

Re: NY Times: Vanguard: "never go public"

Vanguard is fine as is. My only problem with the private aspect is that we have no idea as to the compensation arrangements of Mr Mcnaab and other senior staff. I'll probably get blasted for this blasphemy against Vanguard.
by mack123
Mon Feb 11, 2013 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: I'm playing an investment game. How do i make $50k from $1 m
Replies: 49
Views: 4415

Re: I'm playing an investment game. How do i make $50k from

If you had invested in the S&P 500 January 1, you would have made your 50k. It returned 5% in January.

No one knows. We only know in hindsight.
by mack123
Tue Feb 05, 2013 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: If I Put in a Buy Order for a Vanguard MF Last Night
Replies: 14
Views: 1864

Re: If I Put in a Buy Order for a Vanguard MF Last Night

7 pm PT is market close. Your trade should execute at market close today and will be reflected on the website after. If it executed at market close yesterday it would be reflected already on the site today
by mack123
Mon Feb 04, 2013 2:28 pm
Forum: Investing - Theory, News & General
Topic: Very basic question on purchasing and redemption fees
Replies: 4
Views: 505

Re: Very basic questions on purchasing and redemption fees

what vanguard funds still have purchase or redemption fees?
by mack123
Thu Jan 31, 2013 3:21 pm
Forum: Personal Consumer Issues
Topic: Would you buy a house with mold in the basement?
Replies: 23
Views: 4135

Re: Would you buy a house with mold in the basement?

I'd also point out that a house (or anything else) is only worth what people are willing to pay. If comparables are going for 1.5 m, and this has been on the market for a while and still no takers at 800k.. Maybe the market knows something here that the realtor hasn't been forthcoming about
by mack123
Thu Jan 31, 2013 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1999

Re: vanguard moved my 401K to "Managed" without my consent

Which sucks, but that's how it goes sometimes. You can probably fax in your trade request as opposed to mailing it and get it rectified today.
by mack123
Thu Jan 31, 2013 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1999

Re: vanguard moved my 401K to "Managed" without my consent

The program is called vanguard managed account program, VMAP. Employers have the option to select this as an advice feature for their plan. There may be promotions from time to time.. They'll send a letter and say unless you opt out, your account will have this feature going forward. This is what ha...
by mack123
Thu Jan 31, 2013 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: vanguard moved my 401K to "Managed" without my consent
Replies: 9
Views: 1999

Re: vanguard moved my 401K to "Managed" without my consent

No, it's very possible that the employer did elect that for you. Source: used to work as 401k call center rep. I should say that virtually no decision about your plan is the recordkeepers(vanguard). The employer makes all the decisions about the rules, the loans, the w/ds, the fund selection, the ad...
by mack123
Wed Jan 30, 2013 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: A Shares or T Shares Inside 401(k)?
Replies: 2
Views: 294

Re: A Shares or T Shares Inside 401(k)?

T shares have a higher expense ratio for the fidelity advisor freedoms. About 25 bps more than the A. Also worth noting the T shares have a load too. A shares = 5.75, T= 3.50.
by mack123
Fri Jan 25, 2013 1:26 pm
Forum: Investing - Theory, News & General
Topic: A question on Target Date Funds
Replies: 11
Views: 1515

Re: A question on Target Date Funds

No, they dont? That's it, no explanation? Is it wrong to say that the PM manages cash inflows and redemption's daily. He has to decide which of the funds and how much to buy to approximately maintain the allocation. The PM can't just say hey guys, no inflows or redemptions today.. I need to rebalanc...
by mack123
Thu Jan 24, 2013 4:18 pm
Forum: Investing - Theory, News & General
Topic: A question on Target Date Funds
Replies: 11
Views: 1515

Re: A question on Target Date Funds

The glide path is predetermined. You can view the glide path on vanguards site. The funds are rebalanced daily to whatever their current allocation on the glidepath is at that time
by mack123
Wed Jan 16, 2013 9:21 am
Forum: Investing - Theory, News & General
Topic: Washington Post Article About People Raiding 401k Accounts
Replies: 102
Views: 22352

Re: Washington Post Article About People Raiding 401k Accoun

As someone who used to work in a 401k call center for a major institution, i can confirm that lots of people raid their 401ks, and lots of people lack fiscal intelligence. Some people even referred to their 401k as their emergency spending money. The best was people who used the salary deferrals as ...
by mack123
Fri Jan 11, 2013 2:00 pm
Forum: Investing - Theory, News & General
Topic: Quant Leader Departs Vanguard
Replies: 15
Views: 2639

Re: Quant Leader Departs Vanguard

These guys at the top don't have low salaries, regardless if it's a younger guy like mcisaac or if it's sauter who has been there for a number of years. And his "index responsibilities" won't be replaced by a computer. He's a manager. .not a trader
by mack123
Fri Jan 04, 2013 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Missing 2 cents
Replies: 12
Views: 1098

Re: Missing 2 cents

It's happened with me in my accounts before. It's due to rounding and it goes both ways as other posters have said. Win some, lose some
by mack123
Thu Jan 03, 2013 4:33 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard and Fidelity have such weak passwords?
Replies: 86
Views: 8346

Re: Why do Vanguard and Fidelity have such weak passwords?

You can only add bank accounts if it has the account holders name on it.
I can not speak for individual accounts (as I have not had to update mine at vg yet) for the address change, but for 401ks it must typically be changed by the employer
The ways they could get the money are wire, EBT, or check
by mack123
Thu Jan 03, 2013 4:29 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard and Fidelity have such weak passwords?
Replies: 86
Views: 8346

Re: Why do Vanguard and Fidelity have such weak passwords?

Exactly right. Malware is the bigger problem, not having 5 more characters on a password. Doesn't matter if someones recording your keystrokes...
And even if they are, I fall back on the previous "failsafes" i mentioned before. They do work (most of the time).
by mack123
Thu Jan 03, 2013 4:24 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard and Fidelity have such weak passwords?
Replies: 86
Views: 8346

Re: Why do Vanguard and Fidelity have such weak passwords?

I'm not saying that it's the right thing, just playing devils advocate! I'd also note that the system locks you out after 3 failed password attempts. It also locks you out after 3 failed attempts at security questions. So, increasing a password from 10 to 15 characters is only a very very marginal i...
by mack123
Thu Jan 03, 2013 4:14 pm
Forum: Investing - Theory, News & General
Topic: Why do Vanguard and Fidelity have such weak passwords?
Replies: 86
Views: 8346

Re: Why do Vanguard and Fidelity have such weak passwords?

While I agree that the reason for the 10 characters, not case sensitive is probably due to cost.. Allow me to take a different, probably unpopular viewpoint. What does it matter? It's secure enough. What is someone going to do? Send themselves a check with your name on it? By the time you get the e-...
by mack123
Thu Dec 27, 2012 3:24 pm
Forum: Personal Consumer Issues
Topic: Cruise ...Uncertain
Replies: 34
Views: 3984

Re: Cruise ...Uncertain

I have been on a cruise. If you like being trapped in a small shopping mall with a casino, then a cruise is for you. There's a lot of upside too, although maybe they didn't interest you. There are dance clubs, dance classes, casino, shops to buy things in, pools, gym, hot tubs, good restaurants. Yo...
by mack123
Thu Dec 20, 2012 1:13 pm
Forum: Investing - Theory, News & General
Topic: Has anyone dealt with Vanguard Small Business?
Replies: 9
Views: 1208

Re: Has anyone dealt with Vanguard Small Business?

Not all small accounts are outsourced to Ascensus. It sounds like you may have already, but if you havent, call the general participant services #, 800-523-1188. Tell them your current assets and that you want to talk to someone. They should either connect you or have a sales rep call you back in a ...
by mack123
Fri Dec 14, 2012 10:24 am
Forum: Personal Finance (Not Investing)
Topic: New job requiring me to move my brokerage accounts to them..
Replies: 20
Views: 2323

Re: New job requiring me to move my brokerage accounts to th

This is definitely the norm. It is strictly for compliance and liability. Duplicate brokerage statements at a minimum, and if the employer offers brokerage services, then the usual requirement is a transfer of assets. It has been explained to me by employers that it's easier to monitor transactions ...
by mack123
Thu Dec 13, 2012 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

Very good information. Thanks for the help! I really appreciate it!
by mack123
Wed Dec 12, 2012 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

And I take the standard deduction for my taxes..
by mack123
Wed Dec 12, 2012 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

Lol. You're right and it's my fault for being ambiguous. I get paid 26 times per year, true biweekly. The international index tracks the MSCI Eafe NR.

I will edit first post now.
by mack123
Wed Dec 12, 2012 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

And those dollar amounts for contributions are bi-weekly. 4% pretax, 2% roth, and an additional 3% from the employer. I should also mention I have an HDHP and an employer funded HSA with about $1000 in it right now, should have about $1500 as of Jan 1
by mack123
Wed Dec 12, 2012 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

Sorry, JG, it was not intentional and I appreciate your help!! Let me go back here. "This can probably be simplified a lot. There is no need to have this many funds and several of them overlap. At this point, you should concentrate on just having the 3 basic funds for a 3 fund portfolio. Just w...
by mack123
Wed Dec 12, 2012 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

Thanks Bob. Certainly in the 25% for 2013 For 2012, I worked 10 months @ 35k + a 3k bonus + 5k of the 8k of the tuition reimbursment I got. So (10/12) * 35,000 +3 + 5 is 37166, plus the earnings I have had since October at new job.. Takes me to about 45k for 2012 Thanks for the article link. I am in...
by mack123
Wed Dec 12, 2012 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

Thanks for the good info. Clearly the issue at hand is deleveraging, and possibly simplifying some of the old 401k at Vanguard. I guess a follow up question is, is it advisable to do away with my emergency fund for the time being to pay off some debt? I am single, I have a stable job, I am young and...
by mack123
Wed Dec 12, 2012 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Roll Over Issue
Replies: 3
Views: 333

Re: IRA ROLL OVER ISSUE

It's at the discretion of the employer to allow that as an option, as part of the plan rules for the 403b. She may have an option for an "In-service" withdrawal at either vendor, which she may be able to withdrawal and do an indirect roll over to an IRA. Again, all going to be at the discr...
by mack123
Wed Dec 12, 2012 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Re: Help me get started

I imagine I will be in the 25% tax bracket this year. Given that tuition reimbursement will be added to income, along with a bonus I received earlier this year, it should put me to 25% easily. I do pay for health & disability insurance. The 401k contributions total about $39 roth, $78 pretax.. $...
by mack123
Wed Dec 12, 2012 12:42 pm
Forum: Investing - Theory, News & General
Topic: Am I Correct?
Replies: 5
Views: 679

Re: Am I Correct?

That is correct. It is an approximation. Duration assumes a parallel shift of the yield curve, which is not always the case.

But your thinking is correct, a portfolio with an average duration of 5 years would experience a 5% drop in value with a 1% increase in interest rates.
by mack123
Wed Dec 12, 2012 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me get started
Replies: 20
Views: 1112

Help me get started

Relatively new to the forums, wondering if anyone could take a look at my asset allocation and finances. Age: 27, single Tax bracket: 25% HSA - Roughly $1000 employer funded to 1500 next year Income: 51k (recent increase after making 30-35k for past 2 years) Debt : Student loan – 19,500 @ 5.8% Tuiti...
by mack123
Fri Dec 07, 2012 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Re: Tuition Reimbursement "Clawback"

I WISH I could talk to them in person! Office is gated and guarded and no, they aren't going to let me in The # they give for payroll services is voicemail only, call backs with in 2 days. I have started corresponding via e-mail and am just waiting to hear back for further clarification. No loan ter...
by mack123
Fri Dec 07, 2012 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Re: Tuition Reimbursement "Clawback"

I should have articulated better in the OP. I've discussed with Progressive, and while they "can't give me specifics" they say that typically once a debt reaches them they will report it against your credit. Still waiting to hear from the employer to see if a credit card is an option. Let'...
by mack123
Fri Dec 07, 2012 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Re: Tuition Reimbursement "Clawback"

I appreciate everyone's time and responses. To clarify a few points - I'm not trying to get out of paying anything. I never received a bill or a first notice to pay. When I reviewed the policy before I left, it said you will receive a bill within 30 days. We are now about 60 days out. It was not at ...
by mack123
Thu Dec 06, 2012 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Re: Tuition Reimbursement "Clawback"

Those options are less than ideal lol if not impractical. Im young in my career so im not that liquid, which is why a payment plan would be a nice option. The old job was way more painful than an 8k bill fortunately :)
by mack123
Thu Dec 06, 2012 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Re: Tuition Reimbursement "Clawback"

Right. They promised to send me a bill within 30 days which they did not. They said it was sent via e-mail to my work e-mail which it was not. Of course, I'm not going to call and proactively ask them for an $8000 bill. If I pay direct to employer I can only pay via check.. and I don't have $8000. T...
by mack123
Thu Dec 06, 2012 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tuition Reimbursement "Clawback"
Replies: 29
Views: 5085

Tuition Reimbursement "Clawback"

Hello everyone, Wanted some input on a situation I have found myself in. I took several part time MBA courses which my employer reimbursed me for. According to the agreement, they would request the funds back if I left prior to 1 year past date of reimbursement. I left about 10 months after reimburs...