Search found 1034 matches

by DonCamillo
Sat Mar 28, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: RMD in bear markets
Replies: 12
Views: 857

RMD in bear markets

Many people are very concerned about being required to take RMDs after a big drop in market values. In the 2008 recession, Congress allowed people to skip RMDs. But taking an RMD at reduced value can be a great strategy. Deferred tax programs like traditional IRA, 401k, 403b and 457b have the nasty ...
by DonCamillo
Sun Mar 22, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Do You Do Your Taxes by Hand? Reporter doing story
Replies: 108
Views: 7813

Re: Do You Do Your Taxes by Hand? Reporter doing story

I used to be an agent for Accountants Microsystems, selling tax preparation software and the necessary software and printers to CPAs so that they could prepare personal and corporate tax forms for their customers. Back then I used their software to prepare both my personal and corporate taxes. I was...
by DonCamillo
Wed Mar 04, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Making public vs. private high school decision
Replies: 59
Views: 3334

Re: Making public vs. private high school decision

There is a world of difference between an elite private school and a 2nd or 3rd tier private school. Unfortunately, those differences cost money. It would be extremely difficult for a relatively small school to out compete a good public school on only $30,000 a year tuition. I served on an advisory ...
by DonCamillo
Sun Mar 01, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: New Boglehead forum member with Pension vs. Lump Sum Choice
Replies: 13
Views: 1266

Re: New Boglehead forum member with Pension vs. Lump Sum Choice

I agree that you need to compare what you can earn on the lump sum with what annuity you would get on your own. In 2000, I was offered a choice between an $84,000 lump sum or $8500 a year. I am happy that I took the annuity, but it was sweetened by an offer to calculate the annuity amount as if I wa...
by DonCamillo
Sat Feb 29, 2020 10:03 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190980

Re: Bogleheads community discussion - Coronavirus

I changed my earlier post from 2% to 2.9% in line with the most recent estimate from the World Health Organization. It does appear that there is a timing issue with reported deaths. The deaths from the Diamond Princess took long enough after diagnosis that early estimates were misleading. So far, wi...
by DonCamillo
Fri Feb 28, 2020 10:51 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 518
Views: 70239

Re: Your USER NAME...what does it mean?

When I wrote the first graphical war game for microcomputers, Santa Paravia and Fiumaccio, back in 1979, I based the locations on places in Giovanni Guareschi’s books and movies. The best known in the US was The Little World of Don Camillo . But there were several books and one movie in English, and...
by DonCamillo
Fri Feb 28, 2020 10:24 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 190980

Re: Bogleheads community discussion - Coronavirus

This might be a good excersize. If this pandemic is only an average 2% <0.15% for flu> morbidity rate, it might prompt us to get national public health system act in gear for the next pandemic. Sorry if you happen to be older, or in poor health, the dice roll gets worse. I think there are 4 primary...
by DonCamillo
Fri Feb 28, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Anybody want to guess the bottom of this "dip"?
Replies: 573
Views: 37778

Re: Anybody want to guess the bottom of this "dip"?

from the highs, -66%. You are all going to witness something the likes of which you have never before experienced in your lifetime. We have seen the AIDS pandemic. No cure, but controlled. We have another group of coronavirus, the common cold. Endemic and recurring, but we have learned to live with...
by DonCamillo
Fri Feb 28, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: Anybody want to guess the bottom of this "dip"?
Replies: 573
Views: 37778

Re: Anybody want to guess the bottom of this "dip"?

If the cruises I have purchased in May and October get canceled for the coronavirus, I will be putting the money from them back into the market. Before I retired, I would have already been in maximum bargain hunting mode. Research the 1918 Flu epidemic. There is a good hour long video on You Tube. P...
by DonCamillo
Fri Feb 21, 2020 4:14 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296944

Re: Coronavirus and the market

So I did decide to sell 100% of my taxable account. We all had a great last year and I want to use the returns that I made towards paying off my primary house that I just bought. For me a paid for house has the greatest positive financial impact in my life. Else I would have rode the coronavirus ro...
by DonCamillo
Thu Feb 20, 2020 9:10 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296944

Re: Coronavirus and the market

There is a paper by the Chinese CDC which states that out of the 104 known cases in December, 15 died. Out of the 653 cases between the first of January and the 10th of January, 102 died. Between the 11th of January and 20th of January, 5417 cases of which 310 are dead. So that is +/-15% mortality ...
by DonCamillo
Sun Jul 07, 2019 2:21 pm
Forum: Personal Investments
Topic: realizing capital gains before index investing
Replies: 8
Views: 1150

Re: realizing capital gains before index investing

Good afternoon, first time poster. I have a brokerage account I'm looking at moving from a firm to Fidelity and would like to model a 3 fund portfolio. On a side note I'm also rolling over a Traditional IRA and a Roth. The brokerage account currently has $275,000 in individual stocks with $110,000 ...
by DonCamillo
Thu May 30, 2019 9:10 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Actually, I was worried more about the Medicare MAGI than the taxes. When exceeding a threshold by a few dollars can mean paying an extra $200 plus a month increasing annually for the rest of your and your wife’s life, I wanted to avoid that. Compared to that, a few thousand dollars in extra taxes ...
by DonCamillo
Thu May 30, 2019 1:20 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Maybe I'm confused, but the OP seems too focused on taxes when the real number that matters is total dollars. Selling a loser may mean you stay under certain income limits and can have access to that money in other pots, but what if you simply had all that money instead in an index fund that was a ...
by DonCamillo
Tue May 28, 2019 6:47 pm
Forum: Personal Investments
Topic: Vanguard 401k to Vanguard Roth IRA
Replies: 11
Views: 701

Re: Vanguard 401k to Vanguard Roth IRA

I would recommend a temporary separate Roth anyway. This makes it easier to undo if necessary. I was doing annual Roth conversions, always creating a new account, near the end of my working career. The last time, my income exceeded the limits for the conversion , and I had to undo some of it. It wa...
by DonCamillo
Tue May 28, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 80
Views: 11145

Re: “Upsizing” are we foolish?

I think your finances are strong enough that you should not make this decision for financial reasons. Figure out what kind of house best suits the life you want to live and get that. In my case, my home was too small; 1300 sq ft Cape Cod with one bathroom. It was okay when our two children were in e...
by DonCamillo
Tue May 28, 2019 6:19 pm
Forum: Personal Investments
Topic: Vanguard 401k to Vanguard Roth IRA
Replies: 11
Views: 701

Re: Vanguard 401k to Vanguard Roth IRA

I would recommend a temporary separate Roth anyway. This makes it easier to undo if necessary. I was doing annual Roth conversions, always creating a new account, near the end of my working career. The last time, my income exceeded the limits for the conversion, and I had to undo some of it. It was ...
by DonCamillo
Sun May 26, 2019 6:24 pm
Forum: Personal Investments
Topic: How to calculate exactly how much money you'll have by retirement?
Replies: 75
Views: 8443

Re: How to calculate exactly how much money you'll have by retirement?

One of my former managers often said; “Planning is everything. Plans are nothing.” You will likely have a very uncomfortable retirement if you do no retirement planning. But I can guarantee you that your final result will bear little or no resemblance to your current plan. I can remember when I want...
by DonCamillo
Sun May 26, 2019 5:30 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

For about 6 years I have been using value blue chip individual stocks (and occasionally an ETF) to sell covered calls. Been earning around 8% to 9% per year. Been doing that some bond capital. I was doing that for a few years, mostly with my two main losers, BBL and GE, and have probably made about...
by DonCamillo
Sun May 26, 2019 4:50 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

I am too dumb to pick stocks. It must be nice to be one of the cool kids who is good at it. I make no such claim. I still have some GE and BBL. For that reason, most of my investments are in index stocks. But I would not have been able to enjoy as much traveling in the early years of my retirement ...
by DonCamillo
Sun May 26, 2019 4:13 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

[quote=JoMoney post_id=4562569 time=1558887287 user_id=46324 So if I'm understanding all of this, the conclusion that " individual stocks makes sense " is premised on the idea that you have a lot of them that lost money, and you can sell them at a loss along with others that have gained and net zero...
by DonCamillo
Sun May 26, 2019 11:05 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

ah, I see that now (https://www.bogleheads.org/wiki/Qualified_dividend). thanks for alerting me to that. But yes, you are right with cap gains you determine when you pay the tax, with dividends the stock paying out determines when you pay the tax. I actually did my dividend champions investing befo...
by DonCamillo
Sat May 25, 2019 5:30 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

At the present time,if you buy mutual fund shares from such as Vanguard or T. Rowe Price,does the fund company make it easier for you to keep track of the "basis" (as defined by IRS) than if you buy individual stock shares? That is more the company and their Web site, not funds vs stocks. Vanguard ...
by DonCamillo
Sat May 25, 2019 5:16 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

In your case, when you started off with 10+ stocks (would it be possibly 15-20 holdings at its peak?) - you may have created/managed a mini index of your own. Is this/your index sufficiently diversified (I dunno), but if it is, you may have mimicked a mini DOW like index returns (and risks/pattern)...
by DonCamillo
Sat May 25, 2019 5:03 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Shouldn’t that be MAGI , Modified Adjusted Gross Income? Yes, thanks for correction Was that a Freudian slip? :wink: Just realized that MAGA was the Trump slogan. LOL! On our cruise from LA to Sydney in February, one of our guest lecturers was Lt Cdr Roger Cartwright, RN. He has published several b...
by DonCamillo
Sat May 25, 2019 3:20 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Think you're better than Buffett? If not, why are you doing what you do, knowing you're likely to underperform the S&P500 index? Admire Buffet, and am aware that 1) He has recommended Index funds for years and 2) He hasn’t done that well lately. But my individual stocks were purchased before I beca...
by DonCamillo
Sat May 25, 2019 3:08 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Am I missing something? I didn't see (or understand) how owning individual stocks made any difference relative to owning a mutual/index fund. +1 I guess I missed that part too. With individual stocks, some went up, some went down. For example, if I need $40,000 for a cruise, I can sell two stocks t...
by DonCamillo
Sat May 25, 2019 2:59 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Re: Rethinking Individual Stocks

Nicolas wrote:
Sat May 25, 2019 1:12 pm
Shouldn’t that be MAGI, Modified Adjusted Gross Income?
Yes, thanks for correction
by DonCamillo
Sat May 25, 2019 11:57 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 8376

Rethinking Individual Stocks

Before I became an Index Investor, I mainly invested in dividend champions. Now that I have been retired a couple of years, I really appreciate my remaining individual stocks. I preferred to invest in publicly visible stocks, so that I could see a CSX train or a Waste Management or Sysco truck on th...
by DonCamillo
Mon May 20, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 390
Views: 174670

Re: How to Minimize Your Emergency Care Expenses

Driver and all passengers wear seat belts NJ has an annual click it or ticket campaign to encourage seat belt use. Interesting statistics from state Web site: 89.6% of drivers use seat belts. 53% of passengers killed in traffic accidents wore seat belts. 47% did not. Bad math skills can kill; Emerg...
by DonCamillo
Mon Dec 25, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 62
Views: 22118

Re: Is TIAA-CREF one of the "good guys"?

TIAA-CREF lost their non-profit status for tax purposes some years ago (2010?) due to high executive compensation levels. They lost their tax status because they compete directly with other investment companies and insurance companies. Representative Bill Archer, Republican of Texas and chairman of...
by DonCamillo
Mon Dec 25, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Is TIAA-CREF one of the "good guys"?
Replies: 62
Views: 22118

Re: Is TIAA-CREF one of the "good guys"?

I have about one-third of my retirement invested with TIAA-CREF. That company has caused me ten times as much grief as all the other places I invest combined. Normally, a transfer of money from TIAA-CREF takes 10 days to 3 weeks, far longer than anyone else. They convert you money to cash the day yo...
by DonCamillo
Sat Dec 09, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 21654

Re: Save all this money, what do you splurge on?

I retired on January 1st. Spent 130 days traveling this year--25 states, 18 countries. Best decision was to spend a week in a city in Poland that my great-grandfather came from in 1882. Only saw one other English speaking tourist that week. Also took 3 cruises, a bus tour, and a few self tours. Afte...
by DonCamillo
Wed Jul 12, 2017 7:09 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 24598

Re: Dividend Misunderstandings & Only Spend Return

I know...never say never... Last night I went through the stock holding of VHDYX. These big blue chip stocks have been around for years & are going to be around for years to come. They employ millions of people. Now they might have their up & downs but I don't see them going anywhere. VHDYX is a pr...
by DonCamillo
Wed Jul 12, 2017 6:53 am
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 24598

Re: Dividend Misunderstandings & Only Spend Return

I like dividends on a (relatively small) portion of my investments. I used to collect dividend paying stocks. It's likely you bought those equities when they were considered small or midcaps, not the large caps they are now. Also likely you purchased them at much lower prices than today. Anyone pur...
by DonCamillo
Tue Jul 11, 2017 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is this the right way to measure investment performance
Replies: 9
Views: 947

Re: Is this the right way to measure investment performance

Why are you worried about it? What will you do with the information? I agree with this sentiment. Here are my three ways to measure your investment performance. 1) (Before retirement) Are you saving enough and getting market returns with low expenses? 2) (At retirement) Do you have enough income to...
by DonCamillo
Tue Jul 11, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2491

Re: Is This Always True Regarding Umbrella Policies?

I had to combine my home, auto and umbrella policies with one company to get the best deal. It was difficult to find a reasonably priced umbrella from a separate company in my area.
by DonCamillo
Mon Jul 10, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do when you run the numbers and don't like the answer that you get?
Replies: 29
Views: 4339

Re: What do you do when you run the numbers and don't like the answer that you get?

What I did was work longer. It is amazing how much you can save after you start collecting SS at age 70 and you are still working. But it is also true that most of us do not really get to choose when we retire. Hearing difficulties, loss of energy and cognitive decline contributed to my decision to ...
by DonCamillo
Mon Jul 10, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 2020

Re: Self insuring LTC

Long Term Care and potential medical expenses is a key reason that I try to spend only income and keep my capital increasing in retirement. If I don't need it, my children and grandchildren will inherit it.
by DonCamillo
Mon Jul 10, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 24598

Re: Dividend Misunderstandings & Only Spend Return

I like dividends on a (relatively small) portion of my investments. I used to collect dividend paying stocks. I saw that as an alternative to collecting beer cans, corvettes, impressionist paintings, stamps, Matchbox cars or vacation homes. My preference was to buy stocks that I would see often in m...
by DonCamillo
Mon Jul 10, 2017 4:36 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's Update on Guru's Predictions
Replies: 21
Views: 3745

Re: Larry Swedroe's Update on Guru's Predictions

The table shows that only about 25% of sure things actually came to pass.
That is a pretty secure forecast--maybe Larry has found something pretty close to a "sure thing!" :sharebeer
by DonCamillo
Fri May 05, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fairness in College Savings
Replies: 47
Views: 4543

Re: Fairness in College Savings

I told my children; "If your GPA is 3.5 or higher, I pay all the costs for the next semester. If it is 2.0 or lower, you pay all the costs. In between, we pro-rate it." Both of them had scholarships that paid full tuition and fees. So it was only room and board. The youngest child did not like my pr...
by DonCamillo
Fri May 05, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 25369

Re: Why save so much for when you're old?

I think the most fundamental question for you is "What do I want out of life?" That may be a good place to start planning how much to spend and how much to save. I grew up in a military family, and lived in Europe and Hawaii, among other places, when I was growing up. I developed a love of travel. I...
by DonCamillo
Sun Apr 30, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 9193

Re: Does Retirement Planning impact your job performance?

I think it is very sad to anticipate five more years in a job you hate. I can not imagine staying in a job I didn't like. When I got burned out in a job, I changed careers. I was a dishwasher, short order cook, factory worker, soldier, pastor, author, game developer, magazine editor, entrepreneur, s...
by DonCamillo
Sat Apr 29, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: What is your overall portfolio weighted expense ratio
Replies: 265
Views: 30759

Re: What is your overall portfolio weighted expense ratio

Without blending in special cases (CDs, cash, employer paid fees), the lowest possible seems to be around 0.05%, so 99.95% of your money is YOUR money! 99.95% is not quite accurate, as we hold on average for many years, and the expenses are deducted every year. Over time, assuming growth, your mone...
by DonCamillo
Mon Apr 24, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Investing with American Funds like betting on Tiger Woods
Replies: 23
Views: 4461

Re: Investing with American Funds like betting on Tiger Woods

Of course, the other problem with the illustration is that American Funds has different funds. Since you can not know in advance which will do best, it is hard to say that they outperformed. If I start 100 funds with different strategies, I will probably have one or more that outperforms the market ...
by DonCamillo
Mon Apr 24, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Thinking in real vs. nominal
Replies: 46
Views: 5114

Re: Thinking in real vs. nominal

Tax issues make planning in real terms a bit of a challenge. For example, I just cashed two $10,000 EE bonds that reached final maturity after 30 years. The purchasing power of the bonds is roughly the same as the original cost, but about 75% of the money received is taxable as ordinary income. Befo...
by DonCamillo
Sat Apr 22, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: What is the difference between downloaded and online tax software?
Replies: 16
Views: 2416

Re: What is the difference between downloaded and online tax software?

I use downloaded because I don't like the idea of having my returns stored on the Web where they might not be secure.
by DonCamillo
Sat Apr 22, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 16121

Re: You can never go "home" - retirement

We are approaching our 50th wedding anniversary. We met when I was a soldier at Fort Hood and she was a school teacher in Killeen, Texas. Last week we were nearby, so we drove to Killeen. Nothing is like it was 50 years ago. The rather compact old town is now a city of 125,000 people that is very sp...
by DonCamillo
Sat Apr 22, 2017 6:05 pm
Forum: Personal Consumer Issues
Topic: National Parks in Northern CA
Replies: 34
Views: 3703

Re: National Parks in Northern CA

We are a retired couple in our 70s, so may not be able to speak for your younger crowd. How much you enjoy a park depends on what you like to do. Last July we visited Crater Lake NP, California Redwoods NP and SP, Lassen Volcanic NP, Yosemite, Kings Canyon NP and Sequoia NP. Crater Lake was by far t...