Search found 3137 matches

by MnD
Mon Feb 19, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Misc Income [how to report with no 1099]
Replies: 37
Views: 1277

Re: Misc Income [how to report with no 1099]

Sounds like the $1200 was a thoughtful gift from your neighbor for helping her out when in need. 8-)
Next!
by MnD
Mon Feb 19, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6454

Re: Sell me on the benefits of an emergency fund

Just a portion of the earnings from our 100% stock taxable "emergency fund" we set up and funded from 1986 to 1990 have paid for two new cars and part of another one, a home down payment (back when houses were cheaper), two years total cost of attendance at the most expensive in-state State U for o...
by MnD
Mon Feb 19, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6454

Re: Sell me on the benefits of an emergency fund

3) I have an emergency fund because that makes me happy. It's a luxury. It's what I choose to do with my money. Some people get a sense of well-being from being really well dressed. Some from owning show-quality pedigreed dogs. I do from having an emergency fund... in the bank. Same here, I recogni...
by MnD
Mon Feb 19, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6454

Re: Sell me on the benefits of an emergency fund

Everything in investing nowadays seems to be geared to maxing out every sort of retirement account for "the future". No-one knows if they are going to get even one day of retirement so doing some at-risk investing for gain outside of retirement accounts and (gasp) spending some of it when young and...
by MnD
Mon Feb 19, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6454

Re: Sell me on the benefits of an emergency fund

On an emotional level, however, being able to write a check and be done with the financial piece of a major crisis can be a lifesaver. In my experience, when the basement is flooded or the car is crashed or the kid is in the hospital, the very last thing I'm up for is the self-inflicted additional ...
by MnD
Mon Feb 19, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6454

Re: Sell me on the benefits of an emergency fund

Pre-kids (1986-1990) mid-late 20's we built a 100% stock taxable "emergency fund" equal to about 1X our not very exciting dual income level at the time, and then never added any funds to it ever again. The very substantial earnings from it have paid for a house down payment, 2 new cars and part of a...
by MnD
Sat Feb 17, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Issue - "Foreign source amount included in dividends"
Replies: 11
Views: 1406

Re: TurboTax Issue - "Foreign source amount included in dividends"

I entered zero. I did that at first too! Then I looked a little more carefully at my 1099 from Schwab and it included a "Supplemental info: Foreign tax paid summary" that provided a dividend amount for each fund that corresponded to each portion of foreign tax paid. Changing the number from 0 to th...
by MnD
Sat Feb 17, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: International vanguard funds - why no yield % on website
Replies: 2
Views: 407

Re: International vanguard funds - why no yield % on website

I believe currency gains and losses figure into any given dividend distribution so a "current yield" figure is pretty meaningless. Years ago I owned an unhedged international treasury bond fund that was supposed to distribute income monthly, and I recall a 14 month period with no income distributions.
by MnD
Sat Feb 17, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 101
Views: 8300

Re: Retirees: The common sense withdrawal method

Mnd, was that Firecalc chart for a 60/40 constant asset allocation? I guess the big problem with 1966 was the runaway inflation causing bonds to decline dramatically and the need for very large nominal withdrawals to cope the rising cost of living. And the energy crisis played a big part in that. I...
by MnD
Fri Feb 16, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 101
Views: 8300

Re: Retirees: The common sense withdrawal method

Keep in mind that the Taylor Larimore method is not "spend whatever" -- just read the myriad of his prior posts. Also keep in mind that the Taylor Larimore Retirement Year was 1982. That's the sequence (the green line on the right much higher than others) where at 4% SWR and starting at $1 million,...
by MnD
Fri Feb 16, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 56
Views: 6654

Re: How many of you use the "4% rule" during retirement?

Retiring fall 2018. We plan to use 5% of annual balance with a 3% inflation adjusted floor for the income portion of our portfolio. 4% inflation adjusted simply leaves way too much on the table in most sequences, coupled with the rare complete failure. 3% inflation adjusted is just richest person in...
by MnD
Wed Feb 14, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: Using cFiresim
Replies: 13
Views: 1332

Re: Using cFiresim

is 100% of portfolio in a non-retirement taxable account with a cost basis of portfolio at zero and you have enough other income which puts your investment portfolio withdrawal in a capital gains tax bracket of 15%? That's the only way I see to assume your net is 85% of gross distributions.
by MnD
Tue Feb 13, 2018 7:27 pm
Forum: Investing - Theory, News & General
Topic: Random conversations regarding money
Replies: 44
Views: 4565

Re: Random conversations regarding money

Recently retired neighbor.....
"My Royal Bank of Canada advisor really proves his worth during down markets. I get all the upside when markets are up but when markets decline he knows how to protect things so my stuff only declines by maybe half what the market does. Worth every penny using that guy."
by MnD
Tue Feb 13, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31547

Re: What's your U.S. : International ratio?

I hold the world market AA. It changes daily, of course. Today: US 52.4%, non-US 47.6% Yeah I have a 5% “band” where I don’t bother rebalancing otherwise ... when it’s time for my next contribution, I just put it in whichever is lower - market decides for me i specifically don't have a fixed ratio ...
by MnD
Tue Feb 13, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 6549

Re: I think US interest rates could drop.

Anything is possible, but those hoping the recent interest rate run-up is a blip seem to be looking at recency versus reality.
i think the 10-year is going to 6% before the current business cycle is over for the numerous reasons mentioned earlier in this thread.
by MnD
Sun Feb 11, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Yes, one is required to use the tax tables. So plan wisely to save a few dollars
Replies: 23
Views: 3466

Re: Yes, one is required to use the tax tables. So plan wisely to save a few dollars

I am both impressed and motivated! I don't care how much money you have, if someone offers you $25 for doing essentially nothing you take it. Thanks. Selling shares in taxable in an exacting quantity to "max out" a $50 table bracket, taking into consideration cost basis, tax rate on gains to save $...
by MnD
Sun Feb 11, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 9
Views: 777

Re: Best options for cash in Schwab brokerage accounts?

SWVXX is the best I am aware of. It pretty much trails the Vanguard Prime account by the difference in their expense ratios. 0.41% is a big chunk from a MM fund! Currently waived lower to net .35% "for so long as the investment adviser (Charles Schwab Investment Management Inc.) serves as the advis...
by MnD
Sat Feb 10, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Best options for cash in Schwab brokerage accounts?
Replies: 9
Views: 777

Best options for cash in Schwab brokerage accounts?

I don't keep much cash in Schwab accounts, but also don't walk past $1's, $5's and $10's lying in the street. Both the Bank sweep and Schwab One sweep interest rates are awful at 0.12%. Schwab Purchased Money Market funds with no minimum balance include: Schwab Value Advantage Money Fund SWVXX 1.30%...
by MnD
Thu Feb 08, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 311781

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

+0.19%.
Hanging on by a thread! :mrgreen:
On the fixed income side, stable value is trouncing total bond market - Woo Hoo! Finally. :beer
by MnD
Tue Feb 06, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: Thrift Savings Plan to Change I Fund Index
Replies: 14
Views: 2327

Re: Thrift Savings Plan to Change I Fund Index

The minutes state that the index change will occur following the recompete for the TSP's separate account investment manager contract so I'd guess that's part of the reason for the 2019 date. When Vanguard has switched indexes they've done it over a period up to 1 year. Blackrock is the incumbent. ...
by MnD
Mon Feb 05, 2018 7:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262094

Re: U.S. stocks in freefall

Annoyed with myself. At Jan 26 close my portfolio exceeded my rebalancing bands by like 0.02% on my primary asset allocation (AA) tracking tool. I now have two systems that track AA and I noted the other one was just under the rebalancing band threshold. My IPS says check AA only on weekends and _on...
by MnD
Sat Feb 03, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Understanding new tax table withholding rates
Replies: 18
Views: 1543

Re: Understanding new tax table withholding rates

solid middle class people - 100K to 200K - are not expected to see overall decreases in their taxes Gee - we qualify for your interesting definition of "solid middle class", have a simple tax return and lo and behold our federal income tax liability is decreasing by $5648 according to multiple tax ...
by MnD
Sat Feb 03, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: G Fund Allocation during market correction/recession
Replies: 7
Views: 927

Re: G Fund Allocation during market correction/recession

G Fund return is 2.75% for February, up from 2.375% last month. In an inflation-fear driven correction where both stock and bond prices head south, you can't find a better place for your fixed income that the G fund. I wouldn't count on the popular wisdom, that bond prices move contrary to stock pri...
by MnD
Fri Feb 02, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Need some guidance - Personal Finance/Retirement/Investment
Replies: 8
Views: 599

Re: Need some guidance - Personal Finance/Retirement/Investment

Why .1% interest when you can make 1.5% in a plain old savings account? With 3 interest rate hikes possible this year, don't bother with the CD even if it is no-penalty. Just for example https://www.marcus.com/us/en/savings Consider a taxable all-equity index fund brokerage account or a mix of equit...
by MnD
Mon Jan 29, 2018 10:07 pm
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 1044

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

We are 70/30 global cap equity/fixed income for life in our portfolio, with a 5% of annual portfolio value variable withdrawal approach planned. For retirement in 7-10 months, the current value and expected income from our investment portfolio is roughly 50%, the other 50% of net present value and i...
by MnD
Sat Jan 27, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12621

Re: When did the bad news start in 2008?

My 9th post in Jan 2008 two days after i joined. I saw bad news _everywhere_. But did I get out of the stock market? Nope. I was convinced the housing market was toast as were indebted households, but I thought the stock market, unlike the real estate market would muddle through. The problem was and...
by MnD
Sat Jan 27, 2018 1:12 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20551

Re: In what ways could BogleHeads be badly wrong ?

1) Stocks are risky and bonds are safe, ignoring a sequence of returns like a 1966 retirement where increasing bonds just made things worse. Looking in the rear view mirror at a 35-year bull market for bonds does not make them safe. 2) US-only or heavy-US tilt in equities is better and safer. Again ...
by MnD
Sat Jan 27, 2018 10:25 am
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23643

Re: 401k millionaires

TSP (federal 457 plan) pioneer (1987 start) and recent TSP $1M club per below. I did all sorts of things wrong, especially in the first 15 years or so. Undercontributed, too conservative AA, some marketing timing, mixed politics and investing - you name it and I did it. But it worked out. I did not ...
by MnD
Sat Jan 20, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 169
Views: 31547

Re: What's your U.S. : International ratio?

Whatever the US/ex-US ratio is for all-country all-cap world index at any given time.
Very easy to not try to be smarter than Mr. Market - and no rebalancing! :beer
by MnD
Fri Jan 19, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Best International Small Cap Option
Replies: 29
Views: 2616

Re: Best International Small Cap Option

GWX is a capital gains distribution disaster. AVOID! https://us.spdrs.com/en/resources/distributions/index.seam?ticker=GWX&onyx_code1=&onyx_code2=NA How much is a trade commision on VSS? $7? If you just must have a seperate small cap international position and a $7 trade is a big deal in the quantit...
by MnD
Thu Jan 18, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Re: Paying semi-illiterate vendor via credit card who has no email or computer

You might be able to buy visa gift cards loaded with the correct payment amount and mail them to him directly to use. The purchase fees are probably cheaper than plastiq. A government credit card buying visa gift cards which then get mailed around the country to someone... isn't that going to raise...
by MnD
Thu Jan 18, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Re: Paying semi-illiterate vendor via credit card who has no email or computer

Would some service like Plastiq work? https://www.plastiq.com From their FAQ: Plastiq is a first-of-its-kind online payment service that enables its members to use the credit & debit cards already in their wallets to make any payment, regardless of recipient acceptance. Unlike other solutions, Plas...
by MnD
Thu Jan 18, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Re: Paying semi-illiterate vendor via credit card who has no email or computer

livesoft wrote:
Thu Jan 18, 2018 5:52 pm
Call his local bank manager and ask for ideas.
Thanks. I thought of that too.
by MnD
Thu Jan 18, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Re: Paying semi-illiterate vendor via credit card who has no email or computer

You can deposit or transfer money into a checking account no problem, seems like the problem is more on your end by wanting to pay it using a credit card, which basically turns it into a cash advance. Someone is going to have to pay fees to do that, either the payor or the recipient. Can you transf...
by MnD
Thu Jan 18, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Re: Paying semi-illiterate vendor via credit card who has no email or computer

margered wrote:
Thu Jan 18, 2018 5:40 pm
Paypal at the library?
Zero computer knowledge, skills or ability. Reads with difficulty.
by MnD
Thu Jan 18, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying semi-illiterate vendor via credit card who has no email or computer
Replies: 23
Views: 1853

Paying semi-illiterate vendor via credit card who has no email or computer

I need to pay on a quarterly basis a semi-illiterate farm worker who is servicing some equipment for me about 1 hour a week on a weekly basis on a long-term project I run. The vendor and his spouse have no email, no computer and he indicated to me he reads with difficulty so getting him up to speed ...
by MnD
Wed Jan 17, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle says Fidelity will be sold in 5 years...
Replies: 37
Views: 8639

Re: Jack Bogle says Fidelity will be sold in 5 years...

Given their model, Fidelity would be a better fit for Schwab to buy than BlackRock or Vanguard.
That would be an interesting big 3.
by MnD
Wed Jan 17, 2018 10:47 pm
Forum: Investing - Theory, News & General
Topic: Amazing how much your IPS can de-stress your life
Replies: 29
Views: 4065

Re: Amazing how much your IPS can de-stress your life

One of my major de-stressors was the switch years back to mirroring all-cap world index investable market for equities. No more hand-wringing over the "right" US/international allocation and for various tilts. No more desperate seeking for international small cap emerging market value funds. :mrgree...
by MnD
Mon Jan 15, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 3433

Re: Understanding the Great Recession Impact

It was the age of debt and LBYM (living beyond your means). My neighbor on one side refinanced his huge house with cash out 4 times leading up to the great recession. Put the cash into the house along with cars, trucks, and his small but booming construction business. Then all construction business ...
by MnD
Mon Jan 15, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Nostalgic about old online brokerages that no longer exist
Replies: 43
Views: 4893

Re: Nostalgic about old online brokerages that no longer exist

Quick and Reilly. Call and talk to an incredibly fast-talking broker with a huge NYC accent or to save even more use the phone tone order entry using the phone keypad. Good times! Used them for many years for taxable, IRA and education accounts. Eventually they got bought out (TD Waterhouse?) and I ...
by MnD
Mon Jan 15, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2738

Re: Do people in the forum hold foreign bonds?

Yes, I have Dodge and Cox Global Bond Fund which holds international and US bonds. Duration 3.6 years and SEC yield 3.5%. This is paired with a blended treasury yield indexed stable value fund (TSP G fund) at duration 1 day yield 2.375%. This pair at 33:67 has a blended duration and yield of 1.2 yea...
by MnD
Sun Jan 14, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 95
Views: 8092

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Nothing really. Especially given OP mentions brick (and mortar) bank. Schwab checking is free everything and reimburses all ATM fees if you need a back of the wallet debit/atm card. I've observed a number of financial problems from one back in the line over the years and folks with credit cards do f...
by MnD
Sun Jan 14, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8097

Re: Heading for a top?

Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you mentioned? 1974, or 1981, and 2002, or 2009? How did cash or bonds perform relatively, and on a risk adjusted basis? What were CAGRs from 1958-1981 or 1991-2009? Without cherry-picki...
by MnD
Sat Jan 13, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8097

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991. Both pretty unfortunate timing-wise. Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you...
by MnD
Sat Jan 13, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8097

Re: Heading for a top?

Here's what I'm doing........

Check asset allocation versus plan of 70% global cap stock, 30% fixed income.
Is fixed income inside rebalancing bands of 27.5%-32.5%?
Why yes it is - 28.1%.
Therefore do nothing.

"Don't just do something, stand there!" applies to bull markets as well.
by MnD
Sat Jan 13, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8097

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991. Both pretty unfortunate timing-wise. Let's think about that though. In real terms, how much higher were markets at their future nadirs than the years you...
by MnD
Sat Jan 13, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8097

Re: Heading for a top?

The "this bull market is long in the tooth" argument would have gotten you out of the 1949-1966 run in 1958 and out of the 1982-2000 run in 1991.
Both pretty unfortunate timing-wise in terms of foregone total return in the remaining years of those moves.
by MnD
Wed Jan 10, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?
Replies: 36
Views: 3668

Re: How to sell a funeral plot located in Hawaii on the slopes of Diamond Head (great views)?

Sandtrap wrote:
Fri Feb 17, 2017 10:17 am
So I don't understand why there's been no offers.
Maybe the market for exclusive cemetery plots is just really dead right now.
by MnD
Wed Jan 10, 2018 12:53 am
Forum: Investing - Theory, News & General
Topic: How diversified are you really with cap weighted foreign markets?
Replies: 37
Views: 2085

Re: How diversified are you really with cap weighted foreign markets?

So as a investor that mirrors total world on the equity side (70 equity /30 fixed income), an approximation of my individual "big swiss" single stock stake in ultra non-diversified Switzerland as a % of my portfolio is: 70% (my share of equity versus other) X 2.6% (Swiss share of total world) X 70% ...