Search found 936 matches

by Vulcan
Tue Oct 15, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA - tips for filling out
Replies: 16
Views: 1308

Re: FAFSA - tips for fill out

SC Anteater wrote:
Tue Oct 15, 2019 8:06 pm
Prepay anything you can - property taxes, credit card bills,
...mortgage
by Vulcan
Tue Oct 15, 2019 7:56 am
Forum: Investing - Theory, News & General
Topic: Isn't lack of transparency in China a huge risk for international stock index?
Replies: 50
Views: 3269

Re: Isn't lack of transparency in China a huge risk for international stock index?

China is just one hot pepper floating around in the bowl of risk soup. By deciding to invest in stocks at all, you've decided that overall the risk is worth it. My idea is that it's best to just eat the soup--broccoli, monkey eyeballs and all--and just take an honest ladleful, and not think it's ea...
by Vulcan
Fri Oct 11, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Seiko Watch
Replies: 37
Views: 3388

Re: Seiko Watch

I want to replace my trusty Seiko watch that recently died after 25 years of service. I could have it repaired, but a new one would cost less than the repairs. I have had very good luck with Seiko watches over the years and I want to buy another one. I searched on Amazon and found two that I like. ...
by Vulcan
Thu Oct 10, 2019 9:12 pm
Forum: Personal Investments
Topic: New International Core Fund
Replies: 6
Views: 719

Re: New International Core Fund

VTWAX and forget it.
by Vulcan
Wed Oct 09, 2019 2:50 pm
Forum: Investing - Theory, News & General
Topic: John Bogle’s formula says 1% real stock returns likely over next decade
Replies: 162
Views: 13742

Re: John Bogle’s formula says 1% real stock returns likely over next decade

TomCat96 wrote:
Wed Oct 09, 2019 2:11 pm
What are we going to do about that now that we know it? Alter boglehead strategy?

Focus focus focus.
:D

I suppose one might decide they need to increase their savings rate.
by Vulcan
Thu Sep 26, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Don't drink the college rankings kool-aid. The criteria used to create rankings aren't very meaningful for most college students, and large R1 universities do not devote resources to good undergrad education (e.g., very large class sizes, taught by TAs, etc.). While I agree that many components of ...
by Vulcan
Wed Sep 25, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

So basically the way I see it, anyone with a decent amount of cash should take out a second mortgage on the house, get divorced taking everything except the mortgaged house and kids to the spouse and then leave the country. or pay whatever they charge you. Did I get that right? Disclaimer: we have ...
by Vulcan
Wed Sep 25, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

EddyB wrote:
Wed Sep 25, 2019 2:07 pm
The key is being able to retire while your kids are still too young for you to know that it's reasonably likely they'd be admitted to such schools.
Being able to retire before your kids start college is absolutely the best scenario from the finaid optimization standpoint.
by Vulcan
Wed Sep 25, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

psteinx wrote:
Wed Sep 25, 2019 12:41 pm
But your inital argument implied that all kids had great, lower cost options, for top schools. That's not the case.
Boy, do I wish we were in-state for Georgia Tech!
Much higher admission rate, too :oops:
by Vulcan
Wed Sep 25, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

I agree with Vulcan, more or less. If your income is, say, $60-100K, and your kid is likely to hit top ~1%, then NMF is not necessarily bad, but it's one of many options for getting a much reduced cost/free college education, especially if your kid is willing to go to a relatively standard (i.e. no...
by Vulcan
Wed Sep 25, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

All I am suggesting is that there are good options for NMF kids, and UF is among the best of them. It's way underappreciated among the public. Most people think it's $2.5K one-time scholarship, or little corporate sponsorship, so nobody even prepares for PSAT. But for many middle class or lower mid...
by Vulcan
Wed Sep 25, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

University of Florida gives $500 to NMF. A far cry from free ride. https://admissions.ufl.edu/afford/scholarships Vulcan, you are incorrect. If you just click on "Learn More" in the link you posted, you would have learned that UF does indeed offer "free ride". The official language is that the scho...
by Vulcan
Wed Sep 25, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Entering class is 1600. There is NO WAY they are offering full scholarships to nearly 10% of the class. My son as a freshman has yet to run into anyone who has received a Cornelius Vanderbilt scholarship. 250, between the three types of them, as indicated at the link above. About 150 are Cornelius....
by Vulcan
Wed Sep 25, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Mentioned above but the National Merit Scholarship (based on PSAT score) is way under-appreciated. Free ride or free tuition to quite a number of schools including private schools. Most parents and kids aren't aware of this and then find their kid missed by a point or two but didn't prepare at all ...
by Vulcan
Wed Sep 25, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

If you're basically full-pay (need-wise), and looking for that caliber of school, but also to save a little, you may do better at privates a bit outside of the top 20. Remember, the "no merit scholarships" thing is mainly the Ivies and a couple like them (MIT and ???). Just a little further down th...
by Vulcan
Wed Sep 25, 2019 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

If you're basically full-pay (need-wise), and looking for that caliber of school, but also to save a little, you may do better at privates a bit outside of the top 20. Remember, the "no merit scholarships" thing is mainly the Ivies and a couple like them (MIT and ???). Just a little further down th...
by Vulcan
Tue Sep 24, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Undergrad for me was at the university currently ranked 19th by US News and World Report, total cost of attendance is currently estimated <$40k/yr. This can't be right. I bet it is a lot closer to 75 than it is to 40. Yep. 72 https://www.usnews.com/best-colleges/washington-university-in-st-louis-25...
by Vulcan
Tue Sep 24, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Undergrad for me was at the university currently ranked 19th by US News and World Report, total cost of attendance is currently estimated <$40k/yr. This can't be right. I bet it is a lot closer to 75 than it is to 40. Yep. 72 https://www.usnews.com/best-colleges/washington-university-in-st-louis-2520
by Vulcan
Tue Sep 24, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

stoptothink wrote:
Tue Sep 24, 2019 6:38 pm
Undergrad for me was at the university currently ranked 19th by US News and World Report, total cost of attendance is currently estimated <$40k/yr.
This can't be right. I bet it is a lot closer to 75 than it is to 40.
by Vulcan
Tue Sep 24, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

Nowhere else in the world of commerce does a purveyor of goods or services get to investigate, down to minute detail, the personal, confidential finances of a relative in order to determine what a particular customer must pay. So... if some folks "game the system", s it really that surprising? Chee...
by Vulcan
Tue Sep 24, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Q4 category - how to use? [2019]
Replies: 40
Views: 3167

Re: Chase Freedom Q4 category - how to use? [2019]

mrnutty wrote:
Tue Sep 24, 2019 2:49 pm
Chase pay can be linked with Samsung Pay which (if you have a Samsung phone with a magstrip transmitter) works just about anywhere with a card swipe terminal.
+1

I use Samsung Pay almost everywhere credit cards are accepted.
More convenient and a lot faster than doing the chip card dance.
by Vulcan
Tue Sep 24, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term FAFSA/College Strategy
Replies: 150
Views: 8131

Re: Long Term FAFSA/College Strategy

psteinx wrote:
Mon Sep 23, 2019 8:28 pm
It doesn't really matter that there are thousands of other universities that charge a lot less. Those other universities are not Stanford, Northwestern, MIT, etc.
"You can run, but it won't be to the college of your choice"
by Vulcan
Mon Sep 23, 2019 2:58 pm
Forum: Personal Consumer Issues
Topic: Someone stole my wife's phone number (ie. ported to another carrier)
Replies: 52
Views: 5038

Re: Someone stole my wife's phone number (ie. ported to another carrier)

so much for 2FA on accounts..this is not good I always recommend using Google Voice (or Google Fi) numbers for 2FA. A lot harder to hijack those. I'm curious, why would a Google Fi number be harder to hijack? Do those numbers not port to another carrier? The owner has to authorize the port by loggi...
by Vulcan
Mon Sep 23, 2019 7:13 am
Forum: Personal Consumer Issues
Topic: Someone stole my wife's phone number (ie. ported to another carrier)
Replies: 52
Views: 5038

Re: Someone stole my wife's phone number (ie. ported to another carrier)

theplayer11 wrote:
Sun Sep 22, 2019 7:27 am
so much for 2FA on accounts..this is not good
I always recommend using Google Voice (or Google Fi) numbers for 2FA.
A lot harder to hijack those.
by Vulcan
Tue Sep 10, 2019 6:24 pm
Forum: Personal Investments
Topic: Fidelity Total International Index Fund VS Fidelity Global ex-US Index Fund
Replies: 7
Views: 599

Re: Fidelity Total International Index Fund VS Fidelity Global ex-US Index Fund

Working on DWs portfolio. What should she choose for international? It is mostly in the global fund. Should I move that to Tot. International? What do Bogleheads recommend? Looks like Tot Int has small cap and global doesn't. VTWAX has all world in one fund. You have to hold it at Vanguard, though,...
by Vulcan
Tue Sep 10, 2019 4:41 pm
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 196
Views: 22880

Re: Man’s life savings stolen from hijacked cellphone number

My Google account is the only key to my kingdom, and it is in turn protected by 2FA. Now you can add their Advanced Protection service. It requires physical security key, of which I am not a fan, personally, for a number of reasons. Push verification is a lot more convenient and plenty secure for me.
by Vulcan
Sun Sep 08, 2019 8:17 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7094

Re: Mensa membership

Mensa is not really all that exclusive anyway. Top 2% (or one in fifty people) is an equivalent of ACT 33 or SAT 1500. That is below average at many top universities. If you have to join somewhere really snobby, the Triple Nine Society accepts top 0.1%, so only one in 1,000 people (or one out of 20...
by Vulcan
Fri Sep 06, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7094

Re: Mensa membership

Mensa is not really all that exclusive anyway. Top 2% (or one in fifty people) is an equivalent of ACT 33 or SAT 1500. That is below average at many top universities. If you have to join somewhere really snobby, the Triple Nine Society accepts top 0.1%, so only one in 1,000 people (or one out of 20 ...
by Vulcan
Wed Aug 28, 2019 2:58 pm
Forum: Investing - Theory, News & General
Topic: "The Importance of Simplicity"
Replies: 24
Views: 2441

Re: "The Importance of Simplicity"

Perfection is achieved not when there is nothing left to add, but when there is nothing left to take away. ~Antoine de Saint-Exupéry
by Vulcan
Wed Aug 28, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: New pc, annoying 'buzzing' sound
Replies: 31
Views: 1619

Re: New pc, annoying 'buzzing' sound

It's probably your SSD, actually

https://www.youtube.com/watch?v=KS-BHI667po
by Vulcan
Tue Aug 27, 2019 12:01 pm
Forum: Personal Investments
Topic: Alternatives to BIV? Return too low?
Replies: 36
Views: 1818

Re: Alternatives to BIV? Return too low?

How do you distinguish advice like you just quoted from the advice to do market timing that appears on the forum all the time? Wait, aren't you the bogleheads' most famous market timer?:) An astute observation. Thank you for the compliment. :) Wait, was "preposterous" meant to be a term of endearme...
by Vulcan
Tue Aug 27, 2019 11:07 am
Forum: Personal Investments
Topic: Alternatives to BIV? Return too low?
Replies: 36
Views: 1818

Re: Alternatives to BIV? Return too low?

livesoft wrote:
Tue Aug 27, 2019 8:56 am
How do you distinguish advice like you just quoted from the advice to do market timing that appears on the forum all the time?
Wait, aren't you the bogleheads' most famous market timer?:)
by Vulcan
Tue Aug 27, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1318

Re: Zelle at non-participating Bank/CU

I was going to try out the Ally app but I looked at the reviews and they are abysmal! Seems it is much better to use a bank that supports it. Sorry, not Ally app, I meant to say the Zelle app which is supposed to work with any bank including those that don’t support it natively. However the Zelle a...
by Vulcan
Mon Aug 26, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at non-participating Bank/CU
Replies: 24
Views: 1318

Re: Zelle at non-participating Bank/CU

Switch to Ally. A superb checking with Zelle support.
by Vulcan
Mon Aug 26, 2019 4:32 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 25808

Re: VTIAX International fund - should I give up on it?

Like many, I have an international fund in my portfolio for diversification. Unfortunately, it seems like this play does nothing but consistently bring the rest of my portfolio down. What are your thoughts on VTIAX? After recent event it's pretty much given back all gains for the year and it seems ...
by Vulcan
Mon Aug 26, 2019 1:55 pm
Forum: Personal Investments
Topic: Don't Chase Returns: Infographic?
Replies: 7
Views: 1103

Re: Don't Chase Returns: Infographic?

Google "periodic table of returns"
by Vulcan
Fri Aug 23, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: High Yield Online Account
Replies: 6
Views: 482

Re: High Yield Online Account

I started to look at others, but I stuck with Ally for now, as all my bill pays are set up with them, and I have found them to be excellent in many ways including customer service, on-line platform, as well as timely transfers to and from other institutions. I don't keep that large a position in ca...
by Vulcan
Fri Aug 23, 2019 10:25 am
Forum: Non-US Investing
Topic: Cheapest way to buy MSCI World
Replies: 17
Views: 1186

Re: Cheapest way to buy MSCI World

Norseman14 wrote:
Fri Aug 23, 2019 9:55 am
Vanguard's Total World Stock Index (VTWAX/VT) has ~8000 stocks from 40+ countries for under 10 bps.
Welcome to bogleheads, Norseman14.
Great first post.

Perhaps OP could clarify what they are trying to accomplish here and what their reasons are for looking past VTWAX as the sole stock holding.
by Vulcan
Wed Aug 21, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6327

Re: Vanguard vs. Fidelity??

FWWFX is an active fund with .94% ER. It holds 265 stocks. URTH is developed markets large cap, holds 1,223 stocks, and is still more than twice as expensive as VTWAX. They simply are not in the same category with VTWAX, which holds over 8,000 stocks. I see your point but to say that Fidelity has “...
by Vulcan
Wed Aug 21, 2019 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6327

Re: Vanguard vs. Fidelity??

BUBear29 wrote:
Tue Aug 20, 2019 10:23 pm
Untrue.

FWWFX or URTH
FWWFX is an active fund with .94% ER. It holds 265 stocks.
URTH is developed markets large cap, holds 1,223 stocks, and is still more than twice as expensive as VTWAX.

They simply are not in the same category with VTWAX, which holds over 8,000 stocks.
by Vulcan
Tue Aug 20, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6327

Re: Vanguard vs. Fidelity??

I am about to deposit a significant sum into either Vanguard or Fidelity. I am FIRE and like to keep my finances as simple as possible, while also maximizing return, minimizing expenses. I plan to use a 2 fund portfolio probably around 85/15 (85 being S+P or total market/ 15 for bonds+cash). I won'...
by Vulcan
Tue Aug 20, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 18734

Re: Selective Colleges

I would be interested in reading that document to see if their idea of who those superstars are aligns with mine. The report did not define superstar. It read as if it was a common term at the university and did not require elaboration. Not surprisingly given the intense pressure surrounding admiss...
by Vulcan
Tue Aug 20, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 18734

Re: Selective Colleges

Year ago I saw a strikingly frank document from MIT concerning their admissions and particularly its success in recruiting what they called academic superstars. In this document they said that each year there were approximately 300 such superstars applying to college nationwide. It proudly reported...
by Vulcan
Tue Aug 20, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 18734

Re: Selective Colleges

livesoft wrote:
Tue Aug 20, 2019 6:03 pm
Going back to frustration:

For parents that were frustrated from acceptance BEFORE college admittance, are you still frustrated AFTER college graduation or even mid-way through?
At that point post-purchase rationalization kicks in.
by Vulcan
Tue Aug 20, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 18734

Re: Selective Colleges

I am curious what "International Science And Engineering Fair Winner" means. Is this entrance to participate in ISEF? A special award there? A grand (1st-4th in category) award? Do you know if whatever this was helped the student much with college acceptances? I believe any award there makes one a ...
by Vulcan
Tue Aug 20, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6327

Re: Vanguard vs. Fidelity??

I am about to deposit a significant sum into either Vanguard or Fidelity. I am FIRE and like to keep my finances as simple as possible, while also maximizing return, minimizing expenses. I plan to use a 2 fund portfolio probably around 85/15 (85 being S+P or total market/ 15 for bonds+cash). I won'...
by Vulcan
Tue Aug 20, 2019 10:42 am
Forum: Investing - Theory, News & General
Topic: Help me think through demographic trends change my savings rate and life long investment in human capital
Replies: 53
Views: 2759

Re: Help me think through demographic trends change my savings rate and life long investment in human capital

I think the world 30 years from now is utterly unimaginable and impossible to plan for with any precision. Automation may totally mute the importance of demographics. My philosophy is to own the robots via the world's stock markets rather than try to learn some fleeting skill to fix robots. And if ...
by Vulcan
Tue Aug 20, 2019 7:20 am
Forum: Investing - Theory, News & General
Topic: Help me think through demographic trends change my savings rate and life long investment in human capital
Replies: 53
Views: 2759

Re: Help me think through demographic trends change my savings rate and life long investment in human capital

I think the world 30 years from now is utterly unimaginable and impossible to plan for with any precision. Automation may totally mute the importance of demographics. My philosophy is to own the robots via the world's stock markets rather than try to learn some fleeting skill to fix robots. And if ...
by Vulcan
Mon Aug 19, 2019 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 339
Views: 18734

Re: Selective Colleges

decapod10 wrote:
Mon Aug 19, 2019 10:12 pm
Yes, I understand. As long as your kids are happy there, that's the most important thing, sounds like he's doing great :beer
The point is, great public schooling options do exist, though they are under attack lately. But that is a separate topic.