Search found 3473 matches

by MnD
Sun Jul 15, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 55
Views: 3750

Re: FireCalc: How big a grain of salt?

A percentage of annual portfolio withdrawal plan damps out both the portfolio failures and the giant XX million portfolio ending balance scenarios. I like 5% of portfolio balance with a 3% inflation-adjusted floor.
by MnD
Sun Jul 15, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5013

Re: Would you trade experiences in your youth for early retirement

We strive for a balance. We live a very non-frugal daily lifestyle while working but have made smart choices about saving and investing and big ticket items like vehicles. Our financial lifestyle in retirement will be a bit higher. Non-frugal and significantly higher than most, but not extravagant....
by MnD
Sun Jul 15, 2018 8:18 am
Forum: Investing - Help with Personal Investments
Topic: How to buy T-Bills
Replies: 33
Views: 2595

Re: How to buy T-Bills

One detail - at brokerages the ability to enter an order to buy a new T-bill at auction is only enabled between the time of the announcement and some deadline right before the auction. So right now you can see and place orders for 13, 26, and 52 week t-bills and 10-year TIPS, because those are the T...
by MnD
Sun Jul 15, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5013

Re: Would you trade experiences in your youth for early retirement

We strive for a balance. We live a very non-frugal daily lifestyle while working but have made smart choices about saving and investing and big ticket items like vehicles. Our financial lifestyle in retirement will be a bit higher. Non-frugal and significantly higher than most, but not extravagant. ...
by MnD
Sun Jul 15, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 101
Views: 7937

Re: Early retirement

I gave my notice a month ago for my retirement later this year and among friends and most co-workers its been general and positive feedback - most said they were jealous and they wished they could do that. One weird response from a guy on my team. He initially didn't believe me. Then was convinced I...
by MnD
Sat Jul 14, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6463

Re: Dave Ramsey made me laugh today

I've also heard him tell people (who would likely qualify for significant premium subsidies) to buy individual health insurance directly from insurance companies instead of through the ACA exchange because the latter is "too much government". Also told a "top student" seeking an engineering degree ...
by MnD
Sat Jul 14, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6463

Re: Dave Ramsey made me laugh today

I suppose he's great for spendaholics but at his core he's an anti-government anti-debt looney-tune . So if you are anti-debt your are a looney-tune? You really don't believe the majority of society has difficulty with impulse control and handling debt? It seems to me leverage plays a significant r...
by MnD
Sat Jul 14, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6463

Re: Dave Ramsey made me laugh today

I've also heard him tell people (who would likely qualify for significant premium subsidies) to buy individual health insurance directly from insurance companies instead of through the ACA exchange because the latter is "too much government". Also told a "top student" seeking an engineering degree a...
by MnD
Sat Jul 14, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: How to buy T-Bills
Replies: 33
Views: 2595

Re: How to buy T-Bills

I think I'm just going to park it in VMMXX since it's yielding a solid 2% now with no effort and then try some treasuries on the site until I get comfortable with Vanguard. That's a good idea to just keep this at your brokerage versus opening up yet another account. VMMXX is a great MM fund and by ...
by MnD
Fri Jul 13, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10108

Re: COMING SOON: BOGLEHEADS PODCASTS

VictoriaF wrote:
Fri Jul 13, 2018 1:49 pm

Or, Bogleheads Insider

Victoria
I don't think that one is going to win. :twisted:
by MnD
Fri Jul 13, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 1973

Re: When to start taxable?

if you have a variety of investment accounts and can get past the mental accounting of needing a big seperate "lockbox" of cash earning on a real basis nothing or less somewhere for decades, you can have a taxable account right now. Here's what we did 32 years ago (from another thread) and it's paid...
by MnD
Thu Jul 12, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 10108

Re: COMING SOON: BOGLEHEADS PODCASTS

Boglehead - not a Boogerhead
by MnD
Thu Jul 12, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2857

Re: Credit score after becoming debt free?

The impact of no mortgage or installment loans will vary with age of your credit file, oldest and average age of revolving credit lines. In other words, no mortgage or installment loans in your 20s or 30s will have a larger impact than if you are in your 60s or 70s. If the latter it will have minim...
by MnD
Thu Jul 12, 2018 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 46
Views: 4317

Re: Where do you keep your Emergency Fund?

32 years now in a taxable brokerage account 100% stock funded from 1987-1990 till it was around $70K and never added a dime after that. Regarding your concern about locking locking up large amounts of money at low returns that's what we seeked to avoid. Our unsafe emergency fund has generated a few ...
by MnD
Thu Jul 12, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: College Costs - Debt staying steady, Parents picking up the rest of tab
Replies: 4
Views: 564

Re: College Costs - Debt staying steady, Parents picking up the rest of tab

Yes I've always noted the 5-6K annual limit and 30K or thereabouts cap doesn't constitute a crisis of debt for undergrads even if they max out on federal loans. In contrast ParentPlus loans are a high interest retirement-wrecking time bomb for parents, and a family-relation destroyer if parents take...
by MnD
Thu Jul 12, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund checkup
Replies: 19
Views: 1456

Re: Emergency fund checkup

You don't set up an 8-month expenses emergency fund and then speculate about various specific emergencies (job loss and cross-US relocation) and add to it for those specific possible things. Have some liquid assets and continually build net worth and usually that works out fine.
by MnD
Wed Jul 11, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: "The Fund is classified as non-diversified"
Replies: 44
Views: 4974

Re: "The Fund is classified as non-diversified"

In just the plain ole website it took me about 2 minutes to find this...... Underlining added. I've been aware of non-diversified mutual funds for decades and this one seems to fit the bill without even looking at the prospectus. WE’RE PICKY. We prize the outliers – the companies that define a marke...
by MnD
Wed Jul 11, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Neighbor's drainage issue causing problems
Replies: 54
Views: 3772

Re: Neighbor's drainage issue causing problems

I would really encourage you to just start with an request, in person, to speak to whoever may be able to help you. I don't know how large of a company it is, or how many employees they have at that location, but there's a decent chance they have a facilities manager. It may be someone who covers a...
by MnD
Wed Jul 11, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 107
Views: 8081

Re: "Bonds are for Safety" ?

Admiral wrote:
Wed Jul 11, 2018 6:03 am
Even money that is not invested but is stuffed in the mattress loses purchasing power in inflationary periods.
Money stuffed in a mattress would have outperformed Total Bond Market by 1.67% over the past 2 years.
by MnD
Wed Jul 11, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Bucket Portfolio article by Christine Benz
Replies: 85
Views: 6223

Re: Bucket Portfolio article by Christine Benz

Im not against the bucket strategy but it just seems like its just mental accounting which may ease the minds of people who are risk averse. It _is_ just mental accounting. Sell whatever and from wherever it makes most sense and if it happens to be a beatdown risky asset you sold, go buy some of th...
by MnD
Tue Jul 10, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 107
Views: 8081

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

For the 2 years ending yesterday, Vanguard Intermediate Term Treasury (VFIUX), often characterized here as an even safer alternative to Total Bond Market, is down -3.84% and down almost -10% after taxes and inflation. I don't think something that drops ~10% in real terms over 2 years even remotely q...
by MnD
Mon Jul 09, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets
Replies: 16
Views: 3476

Re: Spending Patterns in Retirement: Retirees are Slow to Exhaust their Assets

Running Cfiresim at 60/40 with a 4% inflation-adjusted SWR and starting with $1M, portfolios 18 years in were in real dollars at $1.4M on average and $1.25M at the median based on historical sequences of returns. In nominal dollars, which I believe this article is reporting, the 18-year portfolio va...
by MnD
Sat Jul 07, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 19193

Re: Replace car battery after X years or wait till it dies?

You are throwing away many years of battery life if you do it soon enough to guarantee you won't have to deal with a dead battery. Dead battery if you have multiple vehicles (to jump with or go to the store to buy a replacement) , a home charger/tester and jumper cables seems like a pretty trivial ...
by MnD
Sat Jul 07, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 162
Views: 19193

Re: Replace car battery after X years or wait till it dies?

We have a 2010 with original battery. Vehicle was made in November 2009 so coming up on 9 years. But its a hybrid so I'm not sure what the 12V battery does exactly. It's in the trunk. I will look at it this weekend thanks to this thread. I think its a special type to be able to be in the trunk (non-...
by MnD
Fri Jul 06, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody use Personal Capital to advise them?
Replies: 23
Views: 3395

Re: Anybody use Personal Capital to advise them?

Do not agree to listen to their pitch. Same goes for pitches from index annuity and timeshare sales reps. They are experts at breaking down all your natural and well-founded resistances to their products. .79% ER to make a giant and tax-inefficient mess out of your portfolio which will be (unsurpris...
by MnD
Fri Jul 06, 2018 4:05 pm
Forum: Investing - Theory, News & General
Topic: Capping Emergency Fund
Replies: 53
Views: 4692

Re: Capping Emergency Fund

We capped it by never having one in cash and instead, saved up $70K in a 100% stock taxable account between 1986 and 1990 which were the "two early-career incomes and no kids yet" years. That was probably 2 years of expenses back then and after we had that built up, we never saw any need for a cash ...
by MnD
Fri Jul 06, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Healthcare Sharing?
Replies: 51
Views: 3968

Re: Thoughts on Healthcare Sharing?

There are many of these plans that have a very long track record and have a very good reputation to pay as promised. I would ignore the noise, there is clear bias against these plans because they do not fit within societies view of what is acceptable for health insurance. My thoughts? Sounds like a...
by MnD
Thu Jul 05, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 10972

Re: SS taken at 62 vs. 70, but measured from 70+

But that quote is taken out of context because there's much more of importance to the quote (some of which has been mentioned in the thread above by various posters who are true mensches (people of integrity and honor) especially when it concerns the welfare of their lower earning surviving spouse,...
by MnD
Thu Jul 05, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000
Replies: 48
Views: 6554

Re: Jack Bogle is not a "buy&hold at any price goose", he looks at valuations, he sold his stocks in year 2000

Jack Bogle characterizes the total bond market index as "deeply flawed and that's coming from an indexer"" and makes the specific suggestion to split fixed income holdings 50% in Total Bond Market and 50% in intermediate term corporate bond index fund to achieve an overall allocation around 1/3 gove...
by MnD
Thu Jul 05, 2018 8:31 am
Forum: Investing - Help with Personal Investments
Topic: Keeping Portfolio at Global Market Cap
Replies: 8
Views: 769

Re: Keeping Portfolio at Global Market Cap

Yes its that simple and your portfolio will track the current global market cap split quite closely automatically and without any need for rebalancing. The only thing you should do is periodically adjust your new money going in to the funds to mirror the current proportion of US ex-US global market ...
by MnD
Wed Jul 04, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: Switch to LT bonds in this falling rate environment?
Replies: 43
Views: 2697

Re: Switch to LT bonds in this falling rate environment?

No guts no glory! I'll hold your beer.
by MnD
Wed Jul 04, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4210

Re: Will I ever be able to itemize?

You're getting a $24K deduction while just paying $16K in categorically deductible expenses.
Pay off the mortgage and you'll be getting a $24K deduction while just paying $7K in expenses.
Sounds like a big win to me!
Forget the medical - the 10% AGI threshold screens that out for most folks.
by MnD
Wed Jul 04, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 10972

Re: SS taken at 62 vs. 70, but measured from 70+

Mike Piper's open social security calculator suggests this and seems good enough for me to use for planning purposes 6 years out from our first decision point. Coincidentally I lose a post-retirement income stream right around when DW turns 62.5 that's roughly equal to her age 62.5 SS benefit. So st...
by MnD
Wed Jul 04, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: bike helmets
Replies: 82
Views: 4538

Re: bike helmets

Maybe I should also wear one in bed, as a contingency against falling out of bed, or my wife punting me up beside the head. She is a restless sleeper. Helmet with a facemask. A coworker fell out of bed last week and suffered a fairly serious head injury. His wife had purchased satin or some other s...
by MnD
Tue Jul 03, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to offer non-Vanguard ETFs commission-free
Replies: 120
Views: 9000

Re: Vanguard expanding list of commission-free ETFs August 2018

I don’t see how this benefits most of us on here since vanguard index etfs are some of the best run and lowest cost? I’m thinking of using 1-2% of my portfolio for speculative fun bets but then come to my senses as this will likely have no significant impact even in the best of cases. Because Vangu...
by MnD
Tue Jul 03, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Treasury Auction - Nobody Came: "Great T-Bill Massacre"
Replies: 145
Views: 11797

Re: Treasury Auction - Nobody Came: "Great T-Bill Massacre"

The fed has gone from buyer to seller, likewise for the Social Security Trust Fund as they begin redeeming their bonds. Meanwhile the federal deficit is well past the 2015 trough of -$485B on the way shortly through -$1T annually thanks to measures taken to sharply reduce revenue. Chinese hint at "q...
by MnD
Tue Jul 03, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 9748

Re: how often does high ACT score == scholarship?

DD had ACT 36, 3.98 unweighted GPA, 33 AP/IB credits all with scores high enough to be accepted by top research schools, debate team officer, varsity sport participant and was admitted to STEM programs (physics) that are typically very underrepresented with female applicants. She got very little in...
by MnD
Mon Jul 02, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 102
Views: 9748

Re: how often does high ACT score == scholarship?

DD had ACT 36, 3.98 unweighted GPA, 33 AP/IB credits all with scores high enough to be accepted by top research schools, debate team officer, varsity sport participant and was admitted to STEM programs (physics) that are typically very underrepresented with female applicants. She got very little in ...
by MnD
Mon Jul 02, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Retirees- How hard is it to dial spending down/up?
Replies: 38
Views: 2653

Re: Retirees- How hard is it to dial spending down/up?

Safe income streams will cover 50% of our spending and all the real "needs". Income from our portfolio will cover the other 50% of desired income. Its 70/30 AA. So assuming a 40% drop in the market and a percentage of portfolio withdrawal system, that translates into a 14% income drop. After-tax the...
by MnD
Mon Jul 02, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9396

Re: What’s your plan for a market downturn?

Rebalance if and only if re-balancing bands are breached. Tax-loss harvest if opportunities arise. I don't mess with reallocating new money because after 32 years in, it's not enough to move the meter and my IPS stipulates new money goes in fixed at my AA to avoid tinkering. Chuckle when my co-worke...
by MnD
Sun Jul 01, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Debt to asset ratios
Replies: 14
Views: 841

Re: Debt to asset ratios

0% 5 months from a mid-50's retirement.
Peak would have been ~45% around 1991. $90K (10% down) mortgage on a $100K house and had about $100K in investments.
Not counting value of vehicles and personal property.
by MnD
Sun Jul 01, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Question on "If You Can, How Millenials Can Get Rich Slowly"
Replies: 30
Views: 3670

Re: Question on "If You Can, How Millenials Can Get Rich Slowly"

"My Royal Bank of Canada wealth management guy doesn't make more money for me in up markets, but he saves me from at least 50% of losses in down markets by getting defensive ahead of the declines. Everybody at work uses him". My neighbor told me that. I think Bill Bernstein means that the herds advi...
by MnD
Sun Jul 01, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 7528

Re: What % of your equity is int’l?

Jack Bogle states that an investor does not need to invest in international equity in order to get exposure to international markets, as such exposure can be had by investing in domestic companies (many if not most of which have international operations). That's one extreme. The Boglehead philosoph...
by MnD
Sun Jul 01, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 7528

Re: What % of your equity is int’l?

Whatever the market cap weighting is. I view this question like "what % of of your equity have you directed into megacap tech stocks, big oil, utilities and mid-cap value stocks?" International equity is not a separate asset class and I'm not going to pretend like I'm some professional fund manager ...
by MnD
Sat Jun 30, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 34
Views: 4846

Re: Thrift Savings Plan to Change I Fund Index

I have pockets of emerging market and small cap international stock funds stuffed into virtually every other account we have (including taxable) for many years in order to emulate Total International across all accounts due to TSP I being EAFE. It's going to be quite a chore to unwind that mess! My ...
by MnD
Sat Jun 30, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: [100% stock, uncomfortable with international]
Replies: 65
Views: 5581

Re: [100% stock, uncomfortable with international]

Ex-US has lagged US significantly over the long run, while suffering from more volatility. Not sure why I should expect that to change after such a history of being a lousy long-term investment. In 1988 Japan stock made up 44% of the MSCI all-country (total world) stock index. This was at a time wh...
by MnD
Sat Jun 30, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Using the Total Bond Fund in a rising rate environment
Replies: 72
Views: 8566

Re: Using the Total Bond Fund in a rising rate environment

Get ready in a few years to show the administrator that TBM outperformed those other two. Anything is possible but that would be something new for TBM versus Dodge and Cox Income. If i was faced with this first world problem I'd put my money in DODIX and call it good. It's a great fund. https://s8....
by MnD
Sat Jun 30, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1934
Views: 349470

Re: What are you up YTD? [Year To Date]

A whopping +0.40% IRR at the mid-year point.
70/30, global market cap on equities, stable value and active global bond on fixed income.
Weighted portfolio ER .11%
by MnD
Sat Jun 30, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10724

Re: Feel like I'm sinking money into international

Unless you're the type to gage the merits of your investment allocation based on zigs and zags in past 6-week relative performance, I think one could note that international (orange) stopped sucking relative to US stock (blue) in the current expansion about 2 years ago. But by all means sell if you ...