Search found 2141 matches

by sambb
Sun Nov 11, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 56
Views: 7016

Re: Habits of the Rich

investing in oneself to produce skills, experiences, or education to lead to higher income is far more valuable than any mutual fund or emergency fund. also, higher savings rate is far more valuable than index funds.
by sambb
Tue Nov 06, 2018 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: high tax bracket - muni bonds in taxable
Replies: 8
Views: 1173

Re: high tax bracket - muni bonds in taxable

i think the wiki is terrible at considering the options for high tax brackets
by sambb
Tue Nov 06, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12542

Re: Are we in trouble?

sell your homes. drop prices.
by sambb
Tue Nov 06, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Time to splurge. MB E class, BMW 5 or Audi 6?
Replies: 70
Views: 5924

Re: Time to splurge. MB E class, BMW 5 or Audi 6?

Panamera. Preowned if needed.
by sambb
Mon Nov 05, 2018 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: high tax bracket - muni bonds in taxable
Replies: 8
Views: 1173

Re: high tax bracket - muni bonds in taxable

In high tax brackets, I do prefer holding muni bonds in taxable accounts rather than stocks (with taxable bonds in an IRA). This is particularly important if you can use munis for your high-tax state. Most taxpayers pay 15% tax on qualified dividends and capital gains, and 0% on munis. At current y...
by sambb
Sun Nov 04, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: high tax bracket - muni bonds in taxable
Replies: 8
Views: 1173

Re: high tax bracket - muni bonds in taxable

the wiki doesnt reflect these things
by sambb
Sun Nov 04, 2018 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: high tax bracket - muni bonds in taxable
Replies: 8
Views: 1173

Re: high tax bracket - muni bonds in taxable

yes, it is a good case to keep allocatiosn equivalent - hence hedging one's bets. For example, both accts could be 60/40 if the goal is 60/40 overall. No need to take one stance or another.
by sambb
Sun Nov 04, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: high tax bracket - muni bonds in taxable
Replies: 8
Views: 1173

high tax bracket - muni bonds in taxable

Lets speculate that one is in the highest tax bracket Lets also speculate that the tax equivalent yield of tax exempt intermed term funds is higher than the taxable yield of taxable intermediate term bond funds So, with tax exempt bonds in taxable, a high income individual receives the following: 1....
by sambb
Sat Nov 03, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: Vanguard website "unavailable during weekend of Nov 3"
Replies: 203
Views: 18155

Re: Vanguard website "unavailable during weekend of Nov 3"

as usual, the IT issues indicate a persistent leadership failure in vanguard, as this shouldnt happen. hopefully ceo and other changes can help. the execs should be reprimanded for ignoring the IT issues for years
by sambb
Tue Oct 30, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy
Replies: 30
Views: 2234

Re: Limting Human Bias - 3 Fund VS Vanguard Target Life Strategy

Hello, After reading Taylors 3 Fund book and several others I'm pretty convinced the main threat to my portfolio is myself (by the way of behavioral errors). Would it be correct to say that the Target Life funds are even more of a Bogle Head approach than the 3 fund portfolio? I’d say so. Target Re...
by sambb
Tue Oct 30, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: Subaru Ascent owners out there?
Replies: 33
Views: 4176

Re: Subaru Ascent owners out there?

its interesting that sometimes these 3 row SUVs are discussed above as "fun to drive". I have found the 911 GTS ive owned to be fun, along with other exotics. ive also owned subaru vehicles. Subies are GREAT cars. but i would never describe them as fun to drive compared to a Macan, or a X5, etc. Not...
by sambb
Mon Oct 29, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: VASGX - What to do? [VG LifeStrategy Growth]
Replies: 15
Views: 1097

Re: VASGX - What to do? [VG LifeStrategy Growth]

you need to have a long term time horizon, over 10 years.
by sambb
Sun Oct 28, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Being true to my IPS, or violating it?
Replies: 22
Views: 1982

Re: Being true to my IPS, or violating it?

If you are nearing your "number", it is perfectly reasonable to limit losses by changing allocation. I can imagine this can happen with raises and bonuses (if you dont inflate your lifestyle). I have seen others who are PAWs do the same.
by sambb
Sat Oct 27, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: Unplugging from Tech Tips
Replies: 38
Views: 2805

Re: Unplugging from Tech Tips

I am so glad to be plugged in, rather than having a land line phone, a newspaper, writing letters, and a checkbook. Also has replaced maps, and many other things. We've adjusted to a new lifestyle. Even when i work out, my smartwatch monitors the progress, my Heart rate, laps, etc. its amazing to be...
by sambb
Sat Oct 20, 2018 6:01 pm
Forum: Investing - Theory, News & General
Topic: Is it "naive" to just use Boglehead philosophies with extremely large amounts of money?
Replies: 4
Views: 1327

Re: Is it "naive" to just use Boglehead philosophies with extremely large amounts of money?

If you got to 500mil on your own you may be a better entrepreneur., but should put away 100M in the s&p and bods.
On the other hand, if it was a windfall, just go 60/40 and enjoy life, find something that makes you happy.
by sambb
Thu Oct 11, 2018 8:36 pm
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7286

Re: My life saved by New subaru. Almost died.

agree with the OP - this is a great reason to lease and get new tech every 3 years. I think you'd have been in serious trouble in a 1999 camry.
by sambb
Mon Oct 08, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19009

Re: Talk me out of buying a Tesla Model 3

Go on line and look how long it takes to get parts if someone even has the tiniest minor accident with you. there is no strong supply chain. good luck!
by sambb
Mon Oct 08, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 99
Views: 10225

Re: Debunking Bonds in Taxable

confounders:
'munis have a higher tax equivalent yield than bonds in taxable
No one knows what capital gains tax rates will be
lots of other things
by sambb
Sun Oct 07, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Is an emergency fund just about market timing?
Replies: 103
Views: 5697

Re: Is an emergency fund just about market timing?

emergency fund is some of the worst advice ive received here, defintely has hurt my returns
by sambb
Sat Oct 06, 2018 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: apply for cc with frozen credit
Replies: 10
Views: 1135

apply for cc with frozen credit

I froze my credit with all the agencies after the big scare a year ago. Now i need a new credit card. Whats the procedure if I have frozen the credit at the agencies. do i just apply as usual and wait?
by sambb
Sat Oct 06, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 12890

Re: What purchase saved you the most money?

ivy league education has had largest ROI for me
by sambb
Sat Oct 06, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: pre med then med school factors
Replies: 18
Views: 872

Re: pre med then med school factors

healthcare is a altruistic profession and thanks to those who are in it. never worth it for the money alone however. I suppose similar could be said about religious professions, and other ones in which you are a provider to others.
by sambb
Wed Oct 03, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9133

Re: My biggest mistake - market timing

Why do people go from fully invested to fully out.
Why not just go 50/50 or 60/40, if one is worried. its reasonably comfortable and it is a good balance for the nervous. Why put all eggs in one basket
by sambb
Mon Oct 01, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 9133

Re: My biggest mistake - market timing

To the OP: Resist the temptaiton with 3 fund portoflios, etc. I would invest in a 60/40 portfolio and you'll be ok. Although you missed a 40% runup, it could end in a year and be down. I think a 60/40 folio keeps jitters away. Think about vanguard balanced index, or lifestrategy moderate growth. Set...
by sambb
Sun Sep 30, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Balance Living Life & Savings
Replies: 17
Views: 2132

Re: Balance Living Life & Savings

For earlier financual independence you will have to earn more or move to lower cost of living, or plan on working longer, or have a limited lifestyle financially, but you will definitely do ok.
by sambb
Sat Sep 29, 2018 6:02 pm
Forum: Investing - Theory, News & General
Topic: SEC charges Musk with Fraud!
Replies: 117
Views: 10794

Re: SEC charges Musk with Fraud!!!

SEC just announced -- hes out
by sambb
Sat Sep 29, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Should we stay in Crazytown because there's no where to run?
Replies: 129
Views: 14982

Re: Should we stay in Crazytown because there's no where to run?

to the OP: nothing wrong with taking some profits off the table if you feel uncomfortable with the risk of the current market. If you are at 60/40, then perhaps go to 50/50. However if you are at 100% equities, then it sounds like your risk tolerance has changed, and you should move to 60/40 perhaps...
by sambb
Thu Sep 27, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Why don't I read about this strategy more? It seems reasonable and pretty straight forward.
Replies: 68
Views: 8617

Re: Why don't I read about this strategy more? It seems to beat everything else

To the OP - the system might work. Good luck. You might be right.
Some of us here, are just trying to get the average return over a long period of time. You may be shooting for a higher type of return.
by sambb
Thu Sep 27, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffet Portfolio Critique
Replies: 56
Views: 4571

Re: Warren Buffet Portfolio Critique

I dont take much advice from people at extremes of age - young or old.. but glad for him that he made it to 88.
by sambb
Fri Sep 21, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing my first million
Replies: 46
Views: 7413

Re: Investing my first million

People are going to try to convince of solutions that are complicated for you. You need to place it into tax managed balanced fund, and not touch it, not look at it, and you will be fine for life. Learn here for years before touching it. Whether it goes up or down. Youve won the game, and keep savin...
by sambb
Sat Sep 15, 2018 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 5628

Re: Employer won't Match 401k. Why?

the employer doesnt give a match. It is an expense on a balance sheet. They pay for it, which means that you pay for it, or shareholders pay for it. Someone pays for it, and it affects net revenue since it is an expense. employees may think it is free money, but it is an expense. Something else on a...
by sambb
Sat Sep 15, 2018 2:56 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11872

Re: Age in Bonds - Still Recommended?

bmelikia wrote:
Sat Sep 15, 2018 12:33 am
I remember when the conversation on here during 2009/2010 was about how 60/40 was a good all weather portfolio- now the discussion is about how unnecessary (or rather minimal) a bond position is/should be in making up ones portfolio-just an observation

Anyone else remember this?
yes i remember.
by sambb
Sat Sep 15, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11548

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

I reached my ultimate goal in my career at age 48. It was what I always wanted and worked for. After 3-5 years of working in this position I was FI by quite a wide margin. Did my work ethic and drive diminish? Disappointingly it did. I regret this even now after 12 years of retirement. Wish I could...
by sambb
Fri Sep 14, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11872

Re: Age in Bonds - Still Recommended?

Often depends

bear market: age in bonds
Bull market: age-20 in bonds, and "im young, i have 30 years, no need for bonds
by sambb
Wed Sep 12, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: iPhone XS Max
Replies: 231
Views: 15961

Re: iPhone XS Max

Go apple and go total stock index. Great products Feo. Great companies.
by sambb
Sun Sep 09, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6780

Re: Lower Return Decade Says Jack: Thoughts?

Not sure that Mr bogle could be sure of the future - didnt think anyone could, but he might think he can, and that might be a concern. That being said, maybe this is just his educated guess. Only time will tell.
by sambb
Sun Sep 09, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 8985

Re: My daughter's inheritance.

run away from those advisors, and seek help with vanguard or fidelity. Only.
by sambb
Sun Sep 09, 2018 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall at 40.5
Replies: 15
Views: 3288

Re: Windfall at 40.5

my goodness, congratulations. You will get all sorts of complex ideas here. They arent needed for success. Since you will be in a high tax bracket, i would place it in taxa managed balanced, take the dividends into money market, and tone down the thinking for 5-10 years without changing your investm...
by sambb
Sun Sep 09, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum into index fund, or ETF, versus dividend fund or stock
Replies: 5
Views: 479

Re: Lump sum into index fund, or ETF, versus dividend fund or stock

dont understand why people want dividend - the dividend decreases the stock price when it is paid by accounting standards. can always sell stock when needed.
by sambb
Sun Sep 09, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2886

Re: 3 fund portfolio with Money Market instead of Bonds

Nothing wrong with market timing as long as you are right. You might be correct that MmF is better than bonds. If so you will do better. It might also be a good occasion to Time the stock market and get out a little bit. Being in mmf over stocks or bonds reduces the chance of losing money in a down ...
by sambb
Sun Sep 09, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Umbrella Policy: Right amount for $7 mil net worth?
Replies: 76
Views: 11254

Re: Umbrella Policy: Right amount for $7 mil net worth?

For the OP, i would definitely buy 5M, and i would definitely buy a car with autobraking, lane change, blind spot etc - most of the brands have this now. I would not be driving an older car with out these.
Also get a doorbell security cam and other cameras. Cant hurt
by sambb
Thu Sep 06, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Vanguard from Edward Jones, Advice Needed
Replies: 6
Views: 734

Re: Moving to Vanguard from Edward Jones, Advice Needed

30k is a fairly small sum, i would lump sum, but if you have doubts, it isnt bad to DCA also. Once you leave EJ, the rest is small stuff. It probably doesnt matter too much no matter what you decide.
by sambb
Thu Sep 06, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8335

Re: Scaring the Old Folks

i dont think eating out or in will make too much a difference if savings are really good and investments also before retirement. All depends on the net worth at the end.
by sambb
Thu Sep 06, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 7902

Re: Should I keep my financial advisor

to the OP - you are being fleeced. Place 60% of your funds in total stock, and 40% in tax exempt intermediate bonds (taxable). Dont change anything. Dont be tempted. As an MD you will have a good income, and this is all the risk you ever need. You will retire very rich at age 55-60. I would avoid th...
by sambb
Thu Sep 06, 2018 6:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: St Louis Bogleheads
Replies: 83
Views: 13367

Re: St Louis Bogleheads

West:
Kaldi's at Boones Crossing has a room.
Starbucks at Clayton and Mason has one very large table but is very busy.
by sambb
Tue Sep 04, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing Tax Deduction vs. Emergency Funds
Replies: 7
Views: 502

Re: Maximizing Tax Deduction vs. Emergency Funds

Having a non-invested emergency fund was a big waste of time for me - would much have preferred investing it and now i dont keep one. I have taxable holdings that can be sold, along with all sorts of other things. Emergency fund cost me way more in returns, than a high expense ratio, or a load fund ...
by sambb
Mon Sep 03, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?
Replies: 110
Views: 5811

Re: Does it make sense to invest in individual stocks (like Kanye West) if you stick to what you know?

Yes, it is possible to do better than index funds with stock picking or getting lucky. Warren buffet for example, and many others. It is always better to work on one's career, to do better also. That would include many others, and the ROI is perhaps better. (Kanye was a teacher's kid, divorced paren...