Search found 3535 matches

by MnD
Sun Aug 12, 2018 8:31 am
Forum: Investing - Theory, News & General
Topic: [New Vanguard website layout starting Saturday, August 11]
Replies: 99
Views: 5839

Re: [New Vanguard website layout starting Saturday, August 11]

The ER's are taken off so we don't obsess about expense ratios.
Fonts and other layout changes are for better viewing on mobile devices.
by MnD
Sat Aug 11, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets
Replies: 63
Views: 8604

Re: New York Times--Vanguard Warns of Worsening Odds for the Economy and Markets

"In recent years, the company has put the probability of a recession six months out at close to 10 percent. Now, Vanguard says the chances of one by late 2020 are between 30 and 40 percent." "Six months out" is February 2019. Late 2020 is 27-28 months out. So these two statements are not incongruou...
by MnD
Sat Aug 11, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 955

Re: Advice requested: making a HO claim for a roof/hail

What did happen is that all of the insurance companies changed their policy language as to how much roof damage they would pay for in future claims. Instead of paying for a full roof, they now calculate how much life was left at the time of the damage and only pay for that. In Colorado having struc...
by MnD
Sat Aug 11, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 955

Re: Advice requested: making a HO claim for a roof/hail

As an aside: If you do end up replacing the roof, you might consider class 4 (more impact resistant) shingles - particularly if you plan to live in the house for many years. We received a decent HO insurance discount for using class 4s ... if I recall it was about enough to offset the difference in...
by MnD
Sat Aug 11, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Jamie Dimon: Higher rates are coming
Replies: 42
Views: 6463

Re: Jamie Dimon: Higher rates are coming

With inflation running now at 3%, unemployment under 4% and the FY18 federal budget deficit running 21% higher than the same 10 months a year ago, 3% on the 10-year Treasury seems well more than a bit behind the curve. 3% on the 13-week T-bill and 4% on the 10-year doesn't sound remarkable in the le...
by MnD
Sat Aug 11, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 955

Re: Advice requested: making a HO claim for a roof/hail

Our Denver metro neighborhood was hit by the May 2017 hail storm. Going by appearances the only things that looked damaged to me was the siding on one side of the house, window trim on 2 sides, garage door and minor dents in gutters on one side and some outdoor furniture. Except for the garage door ...
by MnD
Fri Aug 10, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 22
Views: 1852

Re: Vanguard Switch to Brokerage Accounts

Times change. Vanguard is now much more than a mutual fund company and needs a platform to support that. As a low-cost provider they can't afford to forever support a legacy mutual fund platform and a full service brokerage model platform. Employee training would be particularly troublesome and expe...
by MnD
Thu Aug 09, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 114
Views: 5829

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

So for example in a 1960's style market of poor stock returns and poor bond returns from rising interest rates, does the $10K invested have the downside exposure of $9K invested in stocks and $6K invested in Treasury bonds? If so and considering how bad 60/40 did in that environment, 90/60 could get...
by MnD
Wed Aug 08, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Loan Help
Replies: 11
Views: 758

Re: TSP Loan Help

Take out some sort of 2nd mortgage or HELOC to pay off the TSP loan. You will probably get a less than ideal rate due to recent purchase but hopefully some entity will underwrite it. Then after a period of time refinance it to a single mortgage loan at the best market rates. The new higher paying jo...
by MnD
Wed Aug 08, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8128

Re: Huge mortgage mistake

Not a huge mistake. You can pay extra right now so the loan pays off in 10 years or less. When you are sure you have 20% equity you can refinance or contact your lender and pay for an appraisal to get rid of the PMI. If between now and refinancing and/or ditching PMI something bad happens to your fi...
by MnD
Wed Aug 08, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I like these no minimum offerings by Fidelity and Schwab in things like account openings, and low-cost funds, ETF's and banking services. My kids were captured by Schwab well before they even got out of college mainly by the checking account with the ATM fee refunded debit card and partly by the bro...
by MnD
Wed Aug 08, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3920

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Well, percentage of cash in total client assets is roughly between 10% to 15% for Schwab, TD, and E-Trade, 33% for IB per their published reports. This is a closely monitored metrics by analysts of these companies as its a significant driver of their profit. As far as the low yielding sweep account...
by MnD
Tue Aug 07, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: 401k administrative fees
Replies: 19
Views: 1075

Re: 401k administrative fees

That's pretty high - small plan/employer? DW's small/medium employer charges .35% on top of fund expenses and takes them out monthly. The value of the match is about 10X that, so its well worth it to stay in the plan and contribute. It's still annoying though, especially as the fees grow with the ac...
by MnD
Tue Aug 07, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Can you explain this? What does Vanguard do differently? Vanguard currently has a patent, where their ETFs are structured as another share class of a mutual fund, like Admiral or Investor shares. This allows the mutual fund shares with an ETF pairing to benefit from the disposition of capital gains...
by MnD
Tue Aug 07, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3920

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

Sorry if this is clear to readers, but I got confused and would appreciate bit of explanation. I too was asleep at the wheel and in my Schwab acct. the cash was in their bank sweep account paying 0.22%. Fortunately, not very much cash, not that it matters, but around $5,000. Also I make just maybe ...
by MnD
Mon Aug 06, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13854

Re: Will you pay for your kids' college/graduate education?

Yes we did for 4 years of State U including room and board and expenses for two kids. One got a 25% merit scholarship at flagship engineering state U and the other attended a smaller less expensive State U so the annual cost per kid was about $18K/year which we cash-flowed. We had saved up enough f...
by MnD
Mon Aug 06, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13854

Re: Will you pay for your kids' college/graduate education?

Yes we did for 4 years of State U including room and board and expenses for two kids. One got a 25% merit scholarship at flagship engineering state U and the other attended a smaller less expensive State U so the annual cost per kid was about $18K/year which we cash-flowed. We had saved up enough fo...
by MnD
Mon Aug 06, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5135

Re: Comfort level with Credit Card Balance

All my cards have 28 day average grace periods and we charge virtually all expenses - so the sum of interest free account balances range from roughly 1 month expenses right after paying the statement balances in full to roughly 2 months expenses right before making those payments. Its a useful and q...
by MnD
Sun Aug 05, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: WSJ - How Brokers Make More On Your Cash Than You Do.
Replies: 28
Views: 3920

Re: WSJ - How Brokers Make More On Your Cash Than You Do.

At Schwab in a brokerage account that serves as our savings account I earn 1.88% on 25% of cash in Schwab Prime MM SWVXX and 2.12% taxable equivalent yield in a 90-day 13-week T-bill ladder on 75% of cash. Weighted yield 2.06%. I agree that you will not do well at Schwab with cash if you are asleep ...
by MnD
Sun Aug 05, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 262
Views: 42000

Re: TSP vs Fidelity Zeroes

Fidelity nor anyone else offers a G fund. IRA's have less protection from creditors depending on the state versus TSP. Rebalancing between the G fund and other TSP funds is easier than rebalancing between G fund and various Fidelity IRA funds. Fidelity international 0% doesn't have small caps where...
by MnD
Sun Aug 05, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 262
Views: 42000

Re: TSP vs Fidelity Zeroes

Fidelity nor anyone else offers a G fund. IRA's have less protection from creditors depending on the state versus TSP. Rebalancing between the G fund and other TSP funds is easier than rebalancing between G fund and various Fidelity IRA funds. Fidelity international 0% doesn't have small caps wherea...
by MnD
Sun Aug 05, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5135

Re: Comfort level with Credit Card Balance

The OP is talking about comfort level with "the float" which are the credit balances that are not due yet and do not accrue any interest charges. We pay statement balances on the due date by pull from the credit card company. Not one penny more and not even 1 day earlier. Charge everything possible ...
by MnD
Sat Aug 04, 2018 8:11 am
Forum: Investing - Theory, News & General
Topic: G Fund at 3%
Replies: 7
Views: 1449

Re: G Fund at 3%

The formula for the G-fund yield corresponds to roughly the YTM of a Treasury bond with 11 years duration. Here's the constant maturity yield of the 10-year for the period the TSP G fund has been in existence for a decent approximation of the fund yield. This is weekly data and the G fund uses a mon...
by MnD
Fri Aug 03, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Is schwab TSM index fund serving 2 masters?
Replies: 29
Views: 3100

Re: Is schwab TSM index fund serving 2 masters?

The guy that works across the hall says the same thing about his credit union versus the eeeevil for-profit banks and brokerages and is earning 0.60% on his $50K emergency fund. I mentioned that he could earn around 2% risk-free about 3 or 4 different ways without taking on much if any duration risk...
by MnD
Thu Aug 02, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4372

Re: Which diet soda pop do you enjoy?

Fresca, dark aged rum and a big squeeze of fresh lime over ice in a highball glass!
by MnD
Thu Aug 02, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

The indexing isn't MSCI or CRSP or FTSE so we now have another fantastic set of non-identical fund pairings for tax-loss harvesting from Schwab, Vanguard or iShares funds or ETF's. I don't get all the grousing and snacking from the sour grapes barrel in this thread. :beer
by MnD
Wed Aug 01, 2018 10:18 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

After the dust settles, "core" and near-core index funds will be free versus almost free and who one goes with will depend on a variety of individualized factors and preferences. Likes and dislikes about service and web sites, where your employer retirement accounts are located - those sorts of thin...
by MnD
Wed Aug 01, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Personal Capital" program
Replies: 19
Views: 2548

Re: "Personal Capital" program

i think it's great. I've refused all requests by a scheduler for even a preliminary phone meeting with my advisor and the calls for that have slowed down and possibly stopped - don't think I've gotten one in close to a year. It's probably the one financial "thing" I've showed my DW over the years th...
by MnD
Wed Aug 01, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 5997

Re: Effect of Current Income on Decision to Retire Early

Another reason why this metric has limited value is that the utility of money is non-linear. Adding to your portfolio when you don't have enough to retire or as others have said, when you have a specific spending goal - Porsche, trawler, etc., has great worth. Adding the same percentage to your por...
by MnD
Wed Aug 01, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

I bet Schwab will follow with zero-ER ETFs. Race to the bottom here. This is like my supermarket that always has bananas at 49 cents a pound. It's a loss leader hoping to get you to buy higher priced products, or (God Forbid) Advisory Services and AUM fees. The financial "supermarkets" can price th...
by MnD
Wed Aug 01, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

You seen to have an axe to grind about this. Vanguard acknowledges paying for lending program costs, agent fees and any broker rebates out of their gross securities lending revenue with only the net remaining revenue being returned to the funds per page 4 of this document. https://personal.vanguard...
by MnD
Wed Aug 01, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Here is the cut that Fidelity has taken from some of their funds (look at the SAI for a fund): https://i.imgur.com/sCcY3FQ.png So for Total Stock Market about 40% of the return goes to investors who take 100% of the risk. Sweet deal, I'm sure Fidelity is loving this PR! :twisted: You seen to have a...
by MnD
Wed Aug 01, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
Replies: 619
Views: 51829

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

Good for them :beer Fidelity also announced that it is lowering fees on other core mutual funds by an average of 35 percent and will charge no investment minimums to access the lower and no-fee funds . Expense ratios will go as low as 0.015 percent, Fidelity said, and it specifically compared its ne...
by MnD
Wed Aug 01, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Retirees: How to add $340,000 to retirement savings
Replies: 77
Views: 10981

Re: Retirees: How to add $340,000 to retirement savings

I bike by many people every morning living in the urban greenbelts of Denver and suburbs , many of them under the various bridges that cross the river. They must be really maxing out their retirement accounts!
by MnD
Wed Aug 01, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct - Timing of purchasing a new bill with funds from a maturing bill
Replies: 11
Views: 525

Re: Treasury Direct - Timing of purchasing a new bill with funds from a maturing bill

I still think that you cut it a bit close and it may or may not work. First, you need to specify the funding source as the C of I. Otherwise, the TD will grab the money from your linked bank account. Of course you need to specify the destination source as the C of I in order for the maturing procee...
by MnD
Wed Aug 01, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct - Timing of purchasing a new bill with funds from a maturing bill
Replies: 11
Views: 525

Re: Treasury Direct - Timing of purchasing a new bill with funds from a maturing bill

Try it and report the results of your experiment back here.
You can do that at Schwab FWIW.
by MnD
Wed Aug 01, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Effect of Current Income on Decision to Retire Early
Replies: 76
Views: 5997

Re: Effect of Current Income on Decision to Retire Early

We have a very nice non-frugal financial standard of living while working. Our portfolio and some "cliff-vest" retirement benefits will very shortly support a very nice non-frugal financial standard of living slightly higher than what we enjoy now. So I'm retiring at the end of November in my mid-50...
by MnD
Tue Jul 31, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: If History says.... would you change 4% rule ?
Replies: 27
Views: 2704

Re: If History says.... would you change 4% rule ?

I already have by giving myself permission to spend 5% of annual portfolio balance. If I can't find satisfying utility for that much spending I'll give some to my kids and/or to extended family or the community when they can still shake my hand and say thanks. If I can't spend It at the 5% rate, it ...
by MnD
Tue Jul 31, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Newbie enlightened by Bogleheads
Replies: 23
Views: 3091

Re: Newbie burned by bonds

Unless you were an aware and engaged investor prior to 1982, you haven't personally experienced and felt what a bear market in bonds is like. The conventional wisdom, that bonds are for safety, that over time you'll earn all your money back you lost in bonds and that bonds move opposite of stocks co...
by MnD
Mon Jul 30, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: TSP G Fund vs Bond Fund AGG or BND
Replies: 7
Views: 553

Re: TSP G Fund vs Bond Fund AGG or BND

The TSP G fund provides the approximate yield of past 30-day average 10-year Treasuries (actual formula is weighted average yield of of treasuries with 4 to 30 years duration) and yet with the safety and price stability of a 0 duration Treasury money market. Trading that for AGG or BND (or TSP F fun...
by MnD
Sun Jul 29, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Calculating net present value of a govt pension
Replies: 16
Views: 2327

Re: Calculating net present value of a govt pension

Thank you to all the contributors to this thread and especially to #Cruncher for the detailed response and customizable code. I have copied it to Excel and ran it successfully. I was waiting for a quiet unscheduled Sunday morning to examine this work in detail and it took me 3 months to have that op...
by MnD
Sat Jul 28, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 118
Views: 10171

Re: US T bills - first time user

The yield on the 13-week bill should start moving from the 2% range to the 2.25% range soon. About two months prior to quarterly FOMC meetings where rate hikes have been telegraphed is when things seem to get moving from the current target range to the expected one (see table below). My next schedu...
by MnD
Sat Jul 28, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 118
Views: 10171

Re: US T bills - first time user

The yield on the 13-week bill should start moving from the 2% range to the 2.25% range soon. About two months prior to quarterly FOMC meetings where rate hikes have been telegraphed is when things seem to get moving from the current target range to the expected one (see table below). My next schedul...
by MnD
Fri Jul 27, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Tilting Towards Domestic
Replies: 9
Views: 843

Re: Tilting Towards Domestic

Its a better approach than a fixed percentage. Sooner or later there will be a very large move in the US ex-US ratio in global market cap and I'm very skeptical that someone who is now bound and determined to maintain a fixed US ex-US allocation and has significant assets is going to be shoveling 10...
by MnD
Fri Jul 27, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: How to negotiate bills from hospital?
Replies: 22
Views: 1791

Re: How to negotiate bills from hospital?

usually if you wait like 6 months and don't pay they will send it to collections and collections will normally take like 50-75% of the balance and called it closed. It may hurt your credit, but maybe that isn't an issue. It's getting more difficult for "medical debt" to hurt one's credit. Increasin...
by MnD
Thu Jul 26, 2018 11:50 pm
Forum: Personal Consumer Issues
Topic: How to negotiate bills from hospital?
Replies: 22
Views: 1791

Re: How to negotiate bills from hospital?

I am an idiot I paid the first bill from the hospital $900 Then after reading this thread, I called for the 2nd bill from the physician for $380 Customer care rep did not even think for 1 second to offer me a discount of 50%. Oh man, I could have called the hospital and got the same from the hospit...
by MnD
Thu Jul 26, 2018 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Debt free -- impact on credit score
Replies: 16
Views: 1444

Re: Debt free -- impact on credit score

No impact 820's-830's.
Paid in full monthly credit card usage still reports a balance on credit reports which is maybe a good thing.
Item 4375 of top 1000 things to worry about.
by MnD
Tue Jul 24, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Left Edward Jones today. Funds are now in my vanguard account
Replies: 12
Views: 1412

Re: Left Edward Jones today. Funds are now in my vanguard account

The recommended Vanguard allocation for target date retirement funds up until around age 40 (25 years prior to retirement) is 90% in stocks. That's not overly conservative - I'd just go with that and not 2nd-guess a professionally designed approach. So you'd just recommend going fully with the targ...
by MnD
Mon Jul 23, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Are socially responsible funds just another marketing ploy?
Replies: 25
Views: 2133

Re: Are socially responsible funds just another marketing ploy?

Absent socially responsible funds, some people would not invest in equities at all or might pick a small handful of individual company stocks they felt met socially responsible criteria. The Vanguard offering in this category has slightly outperformed the S&P 500 for the past 10 years so it doesn't ...
by MnD
Mon Jul 23, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Left Edward Jones today. Funds are now in my vanguard account
Replies: 12
Views: 1412

Re: Left Edward Jones today. Funds are now in my vanguard account

The recommended Vanguard allocation for target date retirement funds up until around age 40 (25 years prior to retirement) is 90% in stocks.
That's not overly conservative - I'd just go with that and not 2nd-guess a professionally designed approach.