Search found 734 matches

by CedarWaxWing
Tue Nov 12, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

I am a long time M* premium customer, and this may be the last straw for me. I have always found their website clunky (with sporadic technical problems), but now I can't even log into my Portfolio Manager page. I click on the "Sign-in" button, and it says I am already signed in. :oops: I have had s...
by CedarWaxWing
Tue Nov 12, 2019 4:26 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 367
Views: 20840

Re: Holding bonds vs 100% equities

<<Catchphrases like "you have to survive in order to succeed" imply that personal finance decisions can lead to death, and really rile me up. >> Why? Just because you are lucky enough not to face this kind of decision, it does not mean it is not true for others. KlangFool Are you really suggesting ...
by CedarWaxWing
Mon Nov 11, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7225

Re: Should I buy the family cottage?

I would discuss it is full with your siblings and get their expressed approval of the deal, while letting them know you plan on sharing it with them liberally, and especially hope to continue having the families get together there, just as in the past. Agree on how everyone who goes there... leaves ...
by CedarWaxWing
Sun Nov 10, 2019 12:29 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 176
Views: 13222

Re: Spend It All vs. Leave $$ for the Kids

Parents can provide many things, knowledge but knowledge or skills alone are not the liquid form of exchange in the modern world. Hence, the nature of the question. BTW, not a boomer! Given the choice between wisdom and money, wisdom is robustly superior. Just look at how lottery winners almost uni...
by CedarWaxWing
Fri Nov 08, 2019 8:43 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2056

Re: Talk Me Off the Active Investing Ledge!

" (seems to act like a small mutual fund)" Ok... small... so post the stocks in it and some folks will tell you why it did well... and again, that is NOT a measure of how it WILL do over the next 5 years. From Stanford... is just part of the sales pitch. That has no bearing on how this portfolio wil...
by CedarWaxWing
Wed Nov 06, 2019 2:22 pm
Forum: Personal Investments
Topic: Is the effective interest rate of a loan higher when it’s early in amortization period?
Replies: 42
Views: 1603

Re: Is the effective interest rate of a loan higher when it’s early in amortization period?

Clarice wrote:
Wed Nov 06, 2019 2:16 pm
I do not agree. If I have a limited amount of money to prepay one loan or the other then I save more interest dollars today by paying towards the amortizing loan...
Please show your math in regards to how you come to this conclusion.
by CedarWaxWing
Fri Nov 01, 2019 4:34 pm
Forum: Personal Investments
Topic: Safe Harbor 401K - Recommendations?
Replies: 9
Views: 704

Re: Safe Harbor 401K - Recommendations?

3900/8 = 475 per person per year. That is not a bad deal, esp if you are getting Institutional shares. Our group has about 50-60 people, and we are paying 525 per year ... per person. Sounds like a lot maybe, but as the funds increase in value... the % costs will seem less important. It is still les...
by CedarWaxWing
Wed Oct 30, 2019 7:02 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6224

Re: Christine Benz article on door to door financial people

Not all advisors that go door-to-door are bad and not all those that never had to are good. In fact, seeing someone with a bit of gumption in today's society might actually be refreshing! Lastly, I left Edward Jones over 10 years ago for many reasons and some of them have to do with what this artic...
by CedarWaxWing
Mon Oct 28, 2019 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medical billing vent
Replies: 9
Views: 1153

Re: Medical billing vent

had a discussion with my primary doc a couple weeks ago. he said he has no idea how much he's going to get paid when he sees a patient (because the insurers are different and even if several people have the same insurer, they may all have different plans/coverages), but somehow it all works out in ...
by CedarWaxWing
Mon Oct 28, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: Window well problems
Replies: 10
Views: 684

Re: Window well problems

1+ to Fortfun and Dudley. I would define your entire drainage system if you are not already intimately familiar with it before blaming this all on the sump pump/pipe. For the downspouts: You may wish to pick a dry day... and run a hose into each roof gutter near the down spouts and check for it back...
by CedarWaxWing
Sat Oct 26, 2019 7:37 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4311

Re: Do You Pay For Financial Advice?

No. However, at age 28 had a stock broker for 8 months, since he was recommended by on older person in my field of study. I fired him because at about 8 months he wanted to start churning instead of sticking to my expressed desire to buy long term holdings to keep for decades. Then I simply saved li...
by CedarWaxWing
Sat Oct 26, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need a trust? (MIL to keep extended family away from assets)
Replies: 20
Views: 3534

Re: Do we need a trust? (MIL to keep extended family away from assets)

There are some resources on elder abuse that all folks with at risk elders in the family may want to read through: https://ncea.acl.gov/ https://www.elderabusecenter.org/ https://www.cdc.gov/violenceprevention/elderabuse/resources.html Police departments may not be of much help unless there is physi...
by CedarWaxWing
Fri Oct 25, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15107

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by CedarWaxWing
Wed Oct 23, 2019 10:08 pm
Forum: Personal Investments
Topic: talk to a new guy [Advisor recommends Midland National Endeavor 8]
Replies: 21
Views: 1814

Re: talk to a new guy [Advisor recommends Midland National Endeavor 8]

Here's a Forbes article I did on these lousy things some time ago. They got such a terrible reputation that they actual changed the name, hoping thatt would fool consumders into thinking it was a new product. It was still the same lousy annuity with a new name. Run, don't walk. https://www.forbes.c...
by CedarWaxWing
Mon Oct 07, 2019 3:06 pm
Forum: Investing - Theory, News & General
Topic: A, B and C mutual fund shares: example
Replies: 15
Views: 1186

Re: A, B and C mutual fund shares: example

GLState's examples are exactly what I needed, thank you. I am actually not looking to buy or recommend load funds, but I am creating a presentation that needs to illustrate how loads and share classes work. Thank you, all! Morningstar USED to make it very easy to find and compare the different clas...
by CedarWaxWing
Thu Oct 03, 2019 2:14 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9623

Re: Merrill Lynch Advisor wants to meet for coffee

I recall your stories regarding Merrill Lynch Taylor. Believe you had mentioned that "you no longer had a friend" correct? Abuss368: For more than 10 years my wife and I had our securities with a Merrill Lynch broker who owned a large sailboat. Each year he would invite us to spend a day sailing wi...
by CedarWaxWing
Wed Oct 02, 2019 6:19 pm
Forum: Personal Investments
Topic: Kids Investment Account
Replies: 30
Views: 2173

Re: Kids Investment Account

You cannot give your IRA to your daughter if you are alive. If you want to help your daughter start an ira: 1. Her having making a contribution to a traditional IRA or a Roth IRA is not affected by your income, but does require that she have earned income of her own. https://www.irs.gov/retirement-p...
by CedarWaxWing
Wed Sep 25, 2019 10:03 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9623

Re: Merrill Lynch Advisor wants to meet for coffee

Merrill Lynch advisor recently contacting me to meet for coffee and discuss financial strategies. How should I respond? I don't have any interest to invest with Merrill Lynch. Just wanted your feedback on how to reply. Thanks! in about 1972 when I took a year out of school to earn more college fund...
by CedarWaxWing
Wed Sep 25, 2019 9:49 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9623

Re: Merrill Lynch Advisor wants to meet for coffee

Respond that you have a disability and can only meet if he can bring a hen-way. He'll respond...."What's a hen-way?". You respond back "Oh, about 5 pounds" and hang up. And yes, I have done that. Or set up a time/place and then call the last Edward Jones guy to meet you for coffee at that time/plac...
by CedarWaxWing
Mon Sep 23, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Robinhood: 3 fund portfolio?
Replies: 42
Views: 4008

Re: Robinhood: 3 fund portfolio?

M1 Finance is almost purpose-built for three fund portfolios. You set your asset allocation at the beginning, and all new money automatically gets allocated to get you back to that allocation. Also it only takes one button for when you want to rebalance manually. +1 Love M1. Cant beat the simplicit...
by CedarWaxWing
Sun Sep 22, 2019 5:34 pm
Forum: Personal Investments
Topic: Retirement Portfolio
Replies: 6
Views: 1579

Re: Retirement Portfolio

Personally, - I would get rid of the VFIDX, VFSUX, VTABX bond funds, and roll all that over into VBTLX - Even better, given that your target ratio is 50:50, I would roll everything over to the Vanguard Tax Managed fund (VTMFX), which has only a 0.08% ER One single fund, which makes both contributio...
by CedarWaxWing
Sun Sep 22, 2019 3:39 pm
Forum: Investing - Theory, News & General
Topic: What do you think about Dan Wiener
Replies: 82
Views: 5915

Re: What do you think about Dan Wiener

My opinion is that if a person is unable to quickly identify that this type of thing is nonsense, then that person should spend some time reading up on why people fall for scams, commit behavioral errors, succumb to decision biases, believes obvious lies, etc. Doing so could actually be a high ROI ...
by CedarWaxWing
Mon Sep 16, 2019 1:31 pm
Forum: Personal Investments
Topic: Portfolio Recommendation For My Sister
Replies: 19
Views: 1310

Re: Portfolio Recommendation For My Sister

I would consider Vanguard Personal Advisory Services for her. If she doesn't like it, she can cancel at any time. 1+ I did this for my disabled but competent sister... who has no understanding of personal finance or investing.. but is frugal in her spending habbits. I am hoping that over 2-4 years ...
by CedarWaxWing
Mon Sep 16, 2019 1:26 pm
Forum: Personal Investments
Topic: Portfolio Recommendation For My Sister
Replies: 19
Views: 1310

Re: Portfolio Recommendation For My Sister

Again, thank you all for the helpful posts. Cheez-it Guy That is an interesting thought on moving some of the money to a Roth IRA every year. I think the only downside would be that she would have to wait 5 years for each chunk could be accessed, but it would be out of sight out of mind. I know she...
by CedarWaxWing
Fri Sep 13, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: "Estate Planning Checklist" (for all of us)
Replies: 23
Views: 3812

Re: "Estate Planning Checklist" (for all of us)

... Beneficiaries trump wills so it is very important to name them and to keep them up to date. Except for life insurance and retirement benefits it’s usually better not to name beneficiaries. Why would it be best not to name beneficiaries for anything other than life insurance and retirement benef...
by CedarWaxWing
Fri Sep 13, 2019 3:35 pm
Forum: Investing - Theory, News & General
Topic: "Retirement Risk Solutions"
Replies: 34
Views: 2360

Re: "Retirement Risk Solutions"

The risks they outline are below and briefly summarized according to descriptions provided in the document. Risk of Outliving Resources 1. Longevity risk (i.e. you live longer than you planned) 2. Inflation risk (i.e. inflation results in you needing more money than you planned) 3. Excess withdrawa...
by CedarWaxWing
Thu Sep 12, 2019 2:27 pm
Forum: Personal Investments
Topic: Vanguard PAS initial consultation
Replies: 7
Views: 1339

Re: Vanguard PAS initial consultation

Your anticipated amounts you plan on adding to your taxable and tax protected account in the future would be one more thing to have thought out before the first meeting if possible.
by CedarWaxWing
Sat Sep 07, 2019 4:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Strategic Model Portfolios - Why???
Replies: 14
Views: 2710

Re: Vanguard Strategic Model Portfolios - Why???

Vanguard has a few "strategic model portfolios"; at least a couple of which target US Large Cap exposure by using both Growth and Value indexes in roughly equal proportions. The Russell model is an example: https://advisors.vanguard.com/iwe/pdf/FASMPRA.pdf?cbdForceDomain=true For the life of me I c...
by CedarWaxWing
Thu Sep 05, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Stressed Over Money 25 Yr. Old
Replies: 65
Views: 5168

Re: Stressed Over Money 25 Yr. Old

Over the last couple years I have become more frugal and constantly think I do not have enough money invested or will someday struggle with money. I despise spending money on most things. I try to find the cheapest options for nearly every purchase I make. People tell me at my age that I should enj...
by CedarWaxWing
Wed Sep 04, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k
Replies: 15
Views: 887

Re: 24yo enrolling in 1st 401k-- after tax contr NOT roth 401k

Have you considered asking all those CPAs around you at work what they think or do themselves? It seems unlikely that you will retire at a lower income bracket than the one you are currently in, but sure, no one has a crystal ball. Making sure you get your match is good, but based on my kid's experi...
by CedarWaxWing
Sun Aug 04, 2019 3:49 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

In another thread , Larry posted a link to a comparison tool available at the Vanguard advisors site that uses Morningstar data. I'd never seen this one before and I like it. You can group any mutual funds/ETFs you want and it displays them side by side in columns allowing you to expand into differ...
by CedarWaxWing
Sat Aug 03, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Finally considering paying off my mortgage
Replies: 38
Views: 3411

Re: Finally planning to pay off my mortgage

Low interest rate, Low bond returns, and recent high returns on Stocks over the last few years, including 2019. Seems like a good time to lock in some taxable CGains and get rid of the dept and the small hassle of paying it and doing the tax forms after 2019. Your having plenty of liquidity after pa...
by CedarWaxWing
Thu Aug 01, 2019 2:01 pm
Forum: Personal Investments
Topic: "How active management survives"
Replies: 26
Views: 3807

Re: "How active management survives"

... this research paper (see below) on the behavioral drivers behind why some people stick with active management. It's often based on a belief that to get better results, the work has to be harder/more "active." The idea of passive/static, to them, seems counterintuitive. ... https://onlinelibrary...
by CedarWaxWing
Thu Aug 01, 2019 1:23 pm
Forum: Investing - Theory, News & General
Topic: New Morningstar charts - so frustrating
Replies: 10
Views: 986

Re: New Morningstar charts - so frustrating

A lot of features appear to be missing from the revision... some which are both very useful to consumers, and perhaps not making some of the MF companies happy... One glaring example, as far as I can tell is the purchase function... which takes a person to a page that includes "review of other class...
by CedarWaxWing
Wed Jul 31, 2019 6:36 pm
Forum: Personal Investments
Topic: Structured Notes- Should I have some in my portfolio?
Replies: 14
Views: 948

Re: Structured Notes- Should I have some in my portfolio?

"It says this is for investors who want to earn above market rates in exchange for more risk of losing a significant portion or all principal." 1. It's riskier than indexing. 2. It is a convoluted plan... and purposely hard to understand how it REALLY works, and what the risks REALLY are. 3. You are...
by CedarWaxWing
Mon Jul 29, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 7920

Re: My Fido retirement meeting pushing me to SMA

After doing some recommended reading I moved everything to Vanguard and went from paying about 20k a year in total fees at Fidelity to under 1k at Vanguard. After 5 years with Vanguard I looked into the possibility of converting to their PAS for .3% because of concerns about my wife being able to h...
by CedarWaxWing
Mon Jul 22, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

I am a Morningstar subscriber and I am displeased over the changes. For one thing, the styleboxes for the mutual funds are gone. Everything has been rearranged and I am not happy. I may cancel my subscription. It annoys me that they constantly have to tinker with something that was a very good prod...
by CedarWaxWing
Mon Jul 22, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

They went "Back to the Future" with the Discuss forum. They're trying to re-invent the wheel. This seems the best characterization. But worse, they OBVIOUSLY did not test it using "real users". When I asked them about "testing", the response seemed to be that they tested it internally. Great. That'...
by CedarWaxWing
Fri Jul 19, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

I took the liberty to send M* an email and suggested that they read this thread and give some input to everyone as to what they are doing, why, and how they think the changes will improve or not their prior levels of functionality for people like us.

I sent it to Joe@morningstar.com
by CedarWaxWing
Fri Jul 19, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

Charting seems to be working OK: That's the old site, go here: https://www.morningstar.com/funds/XNAS/VTSAX/quote click on interactive chart and get the new default view: http://i.imgur.com/Qxm3zOg.png But this chart does not allow comparisons to other mutual funds (only etf indexes). :confused :an...
by CedarWaxWing
Fri Jul 19, 2019 2:34 pm
Forum: Investing - Theory, News & General
Topic: Changes to Morningstar Website?
Replies: 150
Views: 11316

Re: Changes to Morningstar Website?

They have had the new layout as "beta" for a while. It looks like the transition is now done and this is now the only site. Like everything else on the internet, many of the changes appear to have been made for the sake of those who access it on a phone. If the tax cost ratio is based on their calc...
by CedarWaxWing
Thu Jul 18, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Substantial position in an individual stock
Replies: 31
Views: 2473

Re: Substantial position in an individual stock

Perhaps I the simpleton on this list. An over weighted position in a stock that has done very well is not a bad place to be, but not necessarily a good place to stay. The reason to invest is to use your capital to get returns. You have partially achieved that with this one stock, but until you harve...
by CedarWaxWing
Wed Jul 17, 2019 2:35 pm
Forum: Personal Investments
Topic: asset allocation anxiety
Replies: 29
Views: 2468

Re: asset allocation anxiety

I am your age and doing ok financially. We have a 50:50 allocation and am very comfortable with that. When we start SS at age my age 70, I will likely go to 60/40 Stocks/Bonds and stay there likely forever. I was 80:20 for decades and did fine in the recent recession years... but now I am retired de...
by CedarWaxWing
Tue Jul 16, 2019 5:09 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9121

Re: Switching from passive to active management

The advisors cited by Ruralavalon here are all erudite and capable authors who are well versed in their fields. They (and we) know that there is no secret sauce, and I think most of those advisors consider it a good experience to help people become less dependent on their personal services as time ...
by CedarWaxWing
Tue Jul 16, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Primecap Admiral Fund VPMAX
Replies: 27
Views: 6262

Re: Primecap Admiral Fund VPMAX

Then again.... VPMAX still does not have the diversity of an index fund, and can be prone to underperfomance for the same reason it at times outperforms. It was the first fund I had in my VG account... and still have it. I did sell about half of it a few years ago to diversify into the indexes. http...
by CedarWaxWing
Tue Jul 16, 2019 3:20 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9121

Re: Switching from passive to active management

I always wonder why people who have the secret sauce choose to share it (for a hefty fee of course) rather than keep it under lock and key. The advisors cited by Ruralavalon here are all erudite and capable authors who are well versed in their fields. They (and we) know that there is no secret sauc...
by CedarWaxWing
Mon Jul 15, 2019 5:33 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9121

Re: Switching form passive to active management

I would hire Rick Ferri with Ferri Investment Solutions who charges by the hour and works with a lot of high net worth individuals to recommend an asset allocation for me. I’d hire an estate attorney and tax expert who also charge by the hour to develop plans for me. Then I’d execute those plans us...
by CedarWaxWing
Mon Jul 15, 2019 1:06 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 106
Views: 9121

Re: Switching form passive to active management

http://flip4u.org/docs/If%20You%20Can%20Millenials-Bill%20Bernstein.pdf 1. I would suggest you download this pdf that is generously given away by Dr. Bill Bernstein. Put it on your portable devices, and your desktop and read it about 3 times over 3 weeks. Do it in a leisurely but thoughtful fashion....
by CedarWaxWing
Mon Jul 15, 2019 10:50 am
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4796

Re: How do most advisors produce client returns?

Based on my friends and acquaintances who have an "FA"... Most of them: 1. have no idea of how to determine the E/R of any one of their funds, and certainly not a weighted E/R. 2. do not know what up front loads, redemption fees, turnover costs, taxes on returns, AUM fees, E/R costs are ... nor how...