Bogleheads.org

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next recessio...

Eric76

They are sitting on $128 billion in cash that is therefore not invested. That's a cash drag. I don't pretend to understand the specifics of the insurance business to know if that cash has a business purpose for sitting there. But even if it does, I want the equity portion of my portfolio fully inve...

Eric76

Assuming you filed your 2014 taxes by the April 2015 deadline, the statute of limitations for the IRS to audit you expired in April 2018. (This is extended in some situations, but not for a minor error like yours). This is incorrect in the OP's facts and circumstances. While there is a statute of l...

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next recessio...

Eric76

I have some Berkshire. It's my only individual stock. To me the point of it is not that it will beat the S&P 500 during bull markets like the 2010s, because it won't. The point is that Berkshire has the amazing operating companies and is hoarding a ton of cash, well-positioned for the next recessio...

Eric76

I'm sure Joe Davis is a sharp guy, but his market outlook for 2020 is as useful to me as a screen door on a submarine.

Eric76

I much prefer Naples to Ft. Myers.

Eric76

Did the ask price hit your limit?

Eric76

I'm surprised he only has $340 million under management even after all the notoriety.

Eric76

Negative interest rates is one way to pay off the national debt!

Someone posted a link here a while back that I can't find about how global interest rates have been declining for 600 years. Negative interest rates could be the natural result of that trend.

Eric76

I have no opinion on that particular fund, but I do want to know when you expect the market to "cool down for investing." Seems to me this thread could have been posted anytime in the last decade or so.

Eric76

Somebody posted an academic study showing that global interest rates have been in a general decline for centuries. Can't find the thread, but it was fascinating.

Eric76

VUSXX has a higher yield than VBIRX. Due to inverted yield curve I guess.

Eric76

What's the difference between a defined benefit plan and an annuity? I thought an annuity was a defined benefit plan.

Eric76

The retirement contributions should be put on hold until the credit card is paid off.

Eric76

3funder wrote: ↑
Tue Apr 16, 2019 7:38 am
You'll probably be fine with either.

I understand that they are both very low risk investments. I'm trying to understand the advantage of the bond fund over the mm fund with almost identical yields.

Eric76

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market? Am I missing something? You're missing the fact that interest rate risk is not the only type of risk associated with bonds... I didn't miss that fact, which makes ...

Eric76

The SEC yield on the VG Short Term Bond Index Fund is currently 2.5%.

The SEC yield on the VG Prime Money Market is currently 2.45%.

Why would someone invest in the Short Term Bond Index Fund and assume any risk for .05% above the (essentially) risk free money market?

Am I missing something?

Eric76

The thing about the new tax law that bugs me is that I bought my home in 2015 thinking I would derive a tax benefit by itemizing, but with the 24k standard marital deduction, and itemized deductions at 23k, I may as well be renting. The TCJA eems to disincentivize home ownership.

Eric76

Move to Florida.

Eric76

Being the lowest cost ETF is nothing but marketing gimmickery at this point.

Eric76

Our 2013 SF Sport experienced a catastrophic engine failure as my wife was driving 70 mph down the interstate. Fortunately she wasn't injured, but needless to say, it could have easily been deadly. This happened after we brought the vehicle in for a safety recall on this very issue. Hard pass on Hyu...

Eric76

I maintain an over funded position in BSV as a percentage of my portfolio to cover unexpected emergencies. Will it drag my long term returns? Absolutely. I guess sleeping at night is my priority.

Eric76

I'm 100% VTSAX as well as a pension (govt). Not crazy. What's the point of accumulating if you can't rely on some good market runs? I just treat the pension as a fixed income position. There are a few with anti-pension jealousy that motivates some here. Do not listen to them or try to convince them...

Eric76

I wouldn't be comfortable with any defined benefit pension these days. I especially wouldn't be confident that the 3% cola will sustain.

Eric76

My dad is VG Flagship. Is there anything I can do to be able to invest in Prime Cap? That is the only thing I care about from Flagship. Unfortunately I can see it taking me at least 15 years to get to Flagship, since my 401k is not at VG. I've had a Vanguard account since I was a kid. I never chang...

Eric76

I can't believe people will still pay a 5.75% load. That's insane.

Eric76

SpideyIndexer wrote: ↑
Sat Oct 20, 2018 1:32 pm
Try Farmer's.

I've heard they know a thing or two about a thing or two.

Eric76

He might just be right. Or not.

Eric76

That was great. Long live Jack Bogle!

Eric76

First thing I would do is dump all the Berk with zero to little capital gains, and put all proceeds into the appropriate stock/bond index funds based upon your risk tolerance and time frame. Despite its diversification, Berk is in a way more risky than a typical stock because it's a gamble that whoe...

Eric76

Seems that stock splits are generally out of vogue these days. Apparently Fidelity is trying to make it cool again.

Eric76

For me there is a "sleep at night" component to my portfolio. Thus, despite what the math says, 100% equities doesn't work for me. Advising that 100% equities is the right allocation for others seems overly simplistic.

Eric76

Pretty meaningless. .04 and .03 are both basically nothing.

Eric76

My son has a MoviePass and loves it. It's also an easy decision for the theaters. It's like a casino comping a room. It's already built, so any further use is pure profit. And they make the real money on the concessions. This isn't an accurate analogy because the theaters aren't "comping" anything.

Eric76

When I typed Grant Cardone on google, he is noted as an "Actor." He wrote a book with a title used as a tagline in "Talladega Nights: The Ballad of Ricky Bobby." He is also the proprietor of something called "Cardone University." I'll stick to taking investment advice from Jack Bogle. Then again, I ...

Eric76

Vanguard web page has a ETF Q & A. I am not sure how to post link. I would review that as you can't convert Vanguard ETFs back to conventional Vanguard mutual funds. I.E. convert VTI to VTSMX. However the reverse is allowable to convert mutual funds to ETFs. If it's in a Roth, it's not taxable anyw...

Eric76

[Thread merged into here, see below. --admin LadyGeek]

Weird.

Eric76

Yeah, they should really consider lowering the subscription price. Lol.

Eric76

Wouldn't Jack say that the value of a (safe) defined benefit pension and social security be included in the bond side of retirement allocation?

Eric76

All of which means that you 5) have utterly no stake in this situation because it is their money 6) have no reason whatsoever to try to intervene in how they handle their money 7) will almost certainly regret any ensuing drama if you ignore points 5) and 6) You're welcome :wink: The thing is, I've ...

Eric76

I thought ML fee is capped at 2.7% pa according to an article last year. https://www.wsj.com/articles/merrill-lynch-cuts-maximum-advisory-fee-for-smaller-clients-1487891496 This is interesting. I saw their February statement and it showed .25 was the advisory fee and year to date was .49. I figured...

Eric76

Without going into too many unnecessary details, my in-laws are horrible with money. They lost almost all of their savings in a scam years ago. More recently they inherited some money. The estate attorney recommended his friend, a ML FA, to handle the inheritances (roughly 500k). The good news is th...

Eric76

My dad has always said the following about accumulating wealth that rings so true:

"If you can get to $1 million net worth by 40 you're likely doing something right. If you don't turn $1 million into $2 million from 40 to 50, you're likely doing something wrong."

Eric76

If the new standard tax deduction means I will no longer itemize, doesn't that make carrying a mortgage much less beneficial?

Eric76

What could possibly go wrong?

Eric76

Been with the lizard for 10 years. We had one claim that went very smoothly. Periodically I'll shop around but the rates are higher elsewhere.

Eric76

Vanguard has millions of account owners. If a substantial percentage of them try to access the web site at the same time, that would be enough to bring down most any site. Apparently it was not enough to bring down other sites with millions of account owners, such as Fidelity. I couldn't get on to ...

Eric76

Lowest monthly dividend that I can find for the fund...ever. Anybody have an explanation? In a rising rate environment I would expect at least a steady dividend, certainly not a dramatic decline.

Eric76

Not trying to time the market More of a question of timing I sense a disturbance in the force. You caught me! I generally don’t believe in market timing as a practical strategy over time. Just feel this is a somewhat unique time and would like to avoid losing a chunk of my nest egg when the market ...

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