Search found 176 matches

by Eric76
Fri Jan 17, 2020 5:47 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5953

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

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...
by Eric76
Fri Jan 17, 2020 5:43 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5953

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

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...
by Eric76
Fri Jan 17, 2020 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Accidentally contributed to Roth IRA in 2014 while over the income limit
Replies: 11
Views: 1291

Re: Accidentally contributed to Roth IRA in 2014 while over the income limit

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...
by Eric76
Sun Jan 12, 2020 8:38 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5953

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

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...
by Eric76
Sat Jan 11, 2020 9:48 pm
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 5953

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

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...
by Eric76
Mon Dec 30, 2019 7:19 am
Forum: Investing - Theory, News & General
Topic: Joe Davis, Vanguard's global chief economist, is my guest for this 2020 "Bogleheads on Investing" podcast.
Replies: 38
Views: 2624

Re: Joe Davis, Vanguard's global chief economist, is my guest for this 2020 "Bogleheads on Investing" podcast.

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.
by Eric76
Thu Nov 14, 2019 8:03 pm
Forum: Personal Consumer Issues
Topic: Fort Meyers or south a bit in Feb advice please
Replies: 16
Views: 1033

Re: Fort Meyers or south a bit in Feb advice please

I much prefer Naples to Ft. Myers.
by Eric76
Sat Oct 19, 2019 4:50 am
Forum: Personal Investments
Topic: Buy Limit Order Filling Question
Replies: 14
Views: 1028

Re: Buy Limit Order Filling Question

Did the ask price hit your limit?
by Eric76
Sat Sep 07, 2019 5:58 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 244
Views: 30594

Re: Index Funds Bubble? [Michael Burry article]

I'm surprised he only has $340 million under management even after all the notoriety.
by Eric76
Mon Aug 12, 2019 3:02 am
Forum: Investing - Theory, News & General
Topic: Negative Interest Rates in U.S.
Replies: 249
Views: 23500

Re: Negative Interest Rates in U.S.

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.
by Eric76
Thu Aug 01, 2019 5:50 am
Forum: Personal Investments
Topic: Vanguard New York Municipal Money Market Fund (VYFXX)
Replies: 7
Views: 755

Re: Vanguard New York Municipal Money Market Fund (VYFXX)

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.
by Eric76
Sun Jun 16, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 5002

Re: So much for financial predictions, eh?

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.
by Eric76
Sun Jun 16, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard Treasury Money Market yield so high?
Replies: 112
Views: 32683

Re: Why is Vanguard Treasury Money Market yield so high?

VUSXX has a higher yield than VBIRX. Due to inverted yield curve I guess.
by Eric76
Sun Jun 09, 2019 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Where to Purchase Defined Benefit Plan
Replies: 15
Views: 2087

Re: Where to Purchase Defined Benefit Plan

What's the difference between a defined benefit plan and an annuity? I thought an annuity was a defined benefit plan.
by Eric76
Sun May 26, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Debt vs Savings
Replies: 47
Views: 4660

Re: Debt vs Savings

The retirement contributions should be put on hold until the credit card is paid off.
by Eric76
Tue Apr 16, 2019 8:43 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3853

Re: Short Term Bond Index vs. Prime Money Market

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.
by Eric76
Tue Apr 16, 2019 6:36 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3853

Re: Short Term Bond Index vs. Prime Money Market

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 ...
by Eric76
Mon Apr 15, 2019 10:30 pm
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3853

Short Term Bond Index vs. Prime Money Market

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?
by Eric76
Fri Mar 29, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Anybody else get a huge tax increase due to SALT deduction changes?
Replies: 101
Views: 8007

Re: Anybody else get a huge tax increase due to SALT deduction changes?

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.
by Eric76
Fri Mar 08, 2019 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard lowered cost of some ETFs but not VTI
Replies: 8
Views: 1179

Re: Vanguard lowered cost of some ETFs but not VTI

Being the lowest cost ETF is nothing but marketing gimmickery at this point.
by Eric76
Sun Feb 24, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: Is Hyundai the value sweet spot?
Replies: 139
Views: 15262

Re: Is Hyundai the value sweet spot?

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...
by Eric76
Tue Jan 29, 2019 6:06 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 11535

Re: An emergency fund cautionary tale

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.
by Eric76
Fri Jan 18, 2019 11:53 pm
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 12389

Re: 100% in VTSAX - Is it crazy???

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...
by Eric76
Thu Jan 17, 2019 9:25 am
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 12389

Re: 100% in VTSAX - Is it crazy???

I wouldn't be comfortable with any defined benefit pension these days. I especially wouldn't be confident that the 3% cola will sustain.
by Eric76
Wed Jan 09, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: What does 1 million @Vanguard get you ?
Replies: 35
Views: 7790

Re: What does 1 million @Vanguard get you ?

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...
by Eric76
Sat Dec 29, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey [“good growth mutual fund”]
Replies: 73
Views: 8610

Re: Dave Ramsey [“good growth mutual fund”]

I can't believe people will still pay a 5.75% load. That's insane.
by Eric76
Sun Oct 21, 2018 5:13 am
Forum: Personal Finance (Not Investing)
Topic: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed
Replies: 30
Views: 3123

Re: AAA Insurance is increasing my home insurance premium by 47.8%!!! with no claims filed

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.
by Eric76
Sat Aug 25, 2018 11:40 am
Forum: Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7516

Re: Game Changing Inheritance of Stocks! Now what?

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...
by Eric76
Wed Aug 08, 2018 5:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity announced 10-for-1 fund splits in certain mutual funds
Replies: 18
Views: 6938

Re: Fidelity announced 10-for-1 fund splits in certain mutual funds

Seems that stock splits are generally out of vogue these days. Apparently Fidelity is trying to make it cool again.
by Eric76
Sat Jul 14, 2018 7:37 am
Forum: Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 8117

Re: Dave Ramsey made me laugh today

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.
by Eric76
Sat Jun 23, 2018 6:25 am
Forum: Investing - Theory, News & General
Topic: Why won't Vanguard drop VTI & VOO expense to 0.03?
Replies: 65
Views: 8965

Re: Why won't Vanguard drop VTI & VOO expense to 0.03?

Pretty meaningless. .04 and .03 are both basically nothing.
by Eric76
Fri Jun 22, 2018 5:53 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 374
Views: 58117

Re: MoviePass-Too good to be true, but it's legit.

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.
by Eric76
Sun Jun 17, 2018 4:17 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 16024

Re: Oh my! Cardone says we need $10m net worth

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 ...
by Eric76
Sat May 19, 2018 7:21 pm
Forum: Personal Investments
Topic: Roth IRA: Begin With ETF's or Wait Until 3k?
Replies: 15
Views: 1373

Re: Roth IRA: Begin With ETF's or Wait Until 3k?

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...
by Eric76
Wed May 16, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Wellington and Wellesley on May 16th [Incorrect price quote]
Replies: 16
Views: 2250

Re: Wellesley off 3% today

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

Weird.
by Eric76
Mon May 14, 2018 5:54 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 18274

Re: The front page is ugly

Yeah, they should really consider lowering the subscription price. Lol.
by Eric76
Mon May 14, 2018 3:38 am
Forum: Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 7781

Re: Are bonds really needed - why not 100% stocks?

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?
by Eric76
Mon Apr 23, 2018 7:22 am
Forum: Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 5128

Re: In-laws financial advisor rip off

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 ...
by Eric76
Mon Apr 23, 2018 7:13 am
Forum: Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 5128

Re: In-laws financial advisor rip off

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...
by Eric76
Mon Apr 23, 2018 4:25 am
Forum: Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 5128

In-laws financial advisor rip off

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...
by Eric76
Sat Apr 21, 2018 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 50034

Re: Is the first 100k really the hardest?

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."
by Eric76
Thu Mar 15, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 10019

Re: At what point does it make sense to pay down your mortgage?

If the new standard tax deduction means I will no longer itemize, doesn't that make carrying a mortgage much less beneficial?
by Eric76
Wed Mar 07, 2018 7:21 am
Forum: Investing - Theory, News & General
Topic: Crypto Index Fund
Replies: 26
Views: 2780

Re: Crypto Index Fund

What could possibly go wrong? :D
by Eric76
Sat Feb 17, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 4009

Re: USAA 41% More For Car Insurance

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.
by Eric76
Mon Feb 05, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 20505

Re: Vanguard site is crashed now?

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 ...
by Eric76
Thu Feb 01, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Yield Corporate January Dividend
Replies: 0
Views: 538

Vanguard High Yield Corporate January Dividend

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.
by Eric76
Fri Jan 26, 2018 8:50 pm
Forum: Personal Investments
Topic: Cash heavy portfolio
Replies: 28
Views: 3792

Re: Cash heavy portfolio

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 ...