Search found 149 matches

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: 2953

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: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7156

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: 5207

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: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 7205

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: 39
Views: 3996

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: 370
Views: 50343

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: 14767

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: Investing - Help with Personal Investments
Topic: Roth IRA: Begin With ETF's or Wait Until 3k?
Replies: 15
Views: 1063

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: 1927

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: 14270

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: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 6439

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: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4607

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: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4607

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: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4607

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: 45163

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: 9292

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: 2501

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: 3457

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: 18414

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: 442

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: Investing - Help with Personal Investments
Topic: Cash heavy portfolio
Replies: 28
Views: 3277

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 ...
by Eric76
Sat Jan 06, 2018 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Contribute to 401k or pay off fixed 20yr 7.625% HELOC?
Replies: 21
Views: 1584

Re: Contribute to 401k or pay off 7.625% HELOC?

The interest on the HELOC is no longer tax deductible so it might as well be CC debt at 7%. I'd pay it off.
by Eric76
Sat Dec 23, 2017 3:57 am
Forum: Investing - Help with Personal Investments
Topic: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds
Replies: 97
Views: 15090

Re: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds

While the "sleep at night" standard is obviously highly personal, it's hard for me to take seriously AA recommendations from people who never lived through a market crash.
by Eric76
Sun Dec 10, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 2328

Re: Would a Bitcoin Crash affect the general markets?

Nothing. The total value of all bitcoin is a rounding error compared to the trillions in assets moving around the world daily. I’m not so sure. With exchanges opening up leverage and derivatives will more and more become part of the game. These will amplify the effects of price movement of the unde...
by Eric76
Sun Dec 10, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 2328

Re: Would a Bitcoin Crash affect the general markets?

Nothing. The total value of all bitcoin is a rounding error compared to the trillions in assets moving around the world daily.
by Eric76
Sun Dec 03, 2017 9:35 pm
Forum: Forum Issues and Administration
Topic: Is it time to put limit of max 99 active Bitcoin topics?
Replies: 9
Views: 1267

Re: Is it time to put limit of max 99 active Bitcoin topics?

The sheer number of Bitcoin threads on BH is itself overwhelming evidence of a massive bubble.
by Eric76
Sun Dec 03, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 30688

Re: Currently have $700,000 at 26 years old get $100,000 a year

This has been one of the more entertaining BH threads that I've read. Thanks OP. What a troll job. :beer
by Eric76
Wed Nov 29, 2017 3:20 am
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 149
Views: 18965

Re: A good friend has nearly $1M in BitCoin what do I tell him?

I would congratulate him on his success and then talk about something else.
by Eric76
Tue Nov 14, 2017 11:47 pm
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 151
Views: 29203

Re: Where to buy a Vanguard hat? An Update and bad news

I never understood the concept of paying to be a walking billboard for a company. Shouldn't the company on the cap pay the wearer of the cap to promote the company?
by Eric76
Sun Nov 12, 2017 3:09 pm
Forum: Personal Consumer Issues
Topic: Investing HOA reserve money?
Replies: 24
Views: 2310

Re: Investing HOA reserve money?

Putting HOA reserves in the stock market strikes me as a terrible idea. High yield savings account is the way to go.
by Eric76
Tue Nov 07, 2017 8:06 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 10820

Re: "$1 Million is Closer Than You Think"

Cute gimmick, but without information on asset allocation, it's as useful as a screen door on a submarine.
by Eric76
Mon Oct 30, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 10837

Re: My 401k is almost all cash now. 1/2 Mil

OP is absolutely right.

The market is inevitably going to crash eventually!
by Eric76
Fri Oct 27, 2017 6:27 am
Forum: Investing - Theory, News & General
Topic: Morningstar responds to Wall Street Journal article
Replies: 23
Views: 4200

Re: Morningstar responds to Wall Street Journal article

So M* is launching their own mutual funds to compete with the funds their analysts rate. I couldn't imagine any conflicts emerging from that! :happy Personally, I find the comparison data and charts that M* provides very interesting. Their ratings seem to be primarily a vehicle for fund companies to...
by Eric76
Wed Oct 25, 2017 12:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]
Replies: 129
Views: 36421

Re: Vanguard's Global Wellesley Income and Global Wellington Funds in registration [now available]

Naming the funds "Wellesley" and "Wellington" strikes me as a cheap marketing gimmick; as does splashing them all over the VG website when I log in and log out.
by Eric76
Sat Oct 07, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 10484

Re: Flagship Reps

The incessant complaints I read in here about VG customer service reeks of wanting to have your cake and eat it too. VG obviously prioritizes low cost, no frills above all else. If you need personalized attention and hand holding from a financial advisor, call Merrill Lynch and they'll happily conne...
by Eric76
Sat Sep 02, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Florida Hurricanes: When and where to go?
Replies: 141
Views: 16649

Re: Florida Hurricanes: When and where to go?

In terms of evacuation, only evacuate if you are in the highest risk areas (right on the coast, mobile home etc.). Trying to guess even 3 days out exactly where a hurricane will hit is almost impossible. In other words, you could end up evacuating into more danger.
by Eric76
Sat Sep 02, 2017 4:15 am
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft? Was The Woodlands Flooded
Replies: 36
Views: 7308

Re: Where is Livesoft? Was The Woodlands Flooded

Interesting to get a first hand account of the situation. Thank you. Sensationalistic reporting for ratings clearly doesn't begin and end with financial news. I've tuned it all out.
by Eric76
Wed Aug 30, 2017 6:00 am
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 13641

Re: Bit Coin question

LOL WOW... those are some crazy answers and crazy people investing in FILES people can just MAKE UP. No crazier than investing in some paper with a picture and some numbers printed on it. LOLL SO TRUE [/quote] The U.S. Dollar (with the picture and serial number on it) is backed by the full faith an...
by Eric76
Wed Aug 23, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Are US S&P 500 Index funds speculative investments?
Replies: 63
Views: 6199

Re: Are US S&P 500 Index funds speculative investments?

Anything you do with your money, including putting it under your mattress, entails some degree of speculation. IMO buying the S&P 500 is less speculative than entrusting an active manager with picking winners.
by Eric76
Fri Aug 18, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Need a high risk option for $250
Replies: 22
Views: 3528

Re: Need a high risk option for $250

I have a diversified retirement plan in place. I'm just looking to take some extra cash and play some market swings and such. All of the online traders want a $500 initial deposit. I'd rather start with $200-300. Any advice would be greatly appreciated. This is monies I have previously set aside fo...
by Eric76
Thu Aug 17, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need a high risk option for $250
Replies: 22
Views: 3528

Re: Need a high risk option for $250

I have a diversified retirement plan in place. I'm just looking to take some extra cash and play some market swings and such. All of the online traders want a $500 initial deposit. I'd rather start with $200-300. Any advice would be greatly appreciated. This is monies I have previously set aside fo...
by Eric76
Sat Aug 12, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to upgrade iPhones ?
Replies: 37
Views: 5161

Re: Cheapest way to upgrade iPhones ?

I order refurbished phones for my wife and me through eBay. Never had an issue. Paid $360 for a 64GB 6s a few weeks ago. Is it just a matter of switching out the SIM card ? How is the cell number provisioned in the new phone ? How did you transfer all the data (if not in the cloud) ? Any advantage ...
by Eric76
Sat Aug 12, 2017 6:18 am
Forum: Personal Consumer Issues
Topic: Cheapest way to upgrade iPhones ?
Replies: 37
Views: 5161

Re: Cheapest way to upgrade iPhones ?

I order refurbished phones for my wife and me through eBay. Never had an issue. Paid $360 for a 64GB 6s a few weeks ago.
by Eric76
Sat Aug 12, 2017 6:15 am
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 29
Views: 5492

Re: Redfin

As a disclaimer, I tend to be a late adopter of technology. I paid a total of 4.5% re commission on a traditional transaction when I sold my home in 2015. I found that to be reasonable as I wouldn't have wanted to do showings, host an open house, negotiate directly with prospective buyers, or (as a ...
by Eric76
Sun Aug 06, 2017 10:53 pm
Forum: Investing - Theory, News & General
Topic: "What Is Vanguard 500 Index's Achilles Heel?"
Replies: 17
Views: 3333

Re: "What Is Vanguard 500 Index's Achilles Heel?"

No mid cap/small cap exposure.
by Eric76
Tue Aug 01, 2017 4:08 am
Forum: Personal Finance (Not Investing)
Topic: What to do with 3oz of gold?
Replies: 28
Views: 5326

Re: What to do with 3oz of gold?

I have a few oz of gold similar to these gold bars https://goo.gl/i8QJn8 what do you recommend I do with these? Continue to hold onto them? Sell them for cash? I don't need the cash at this time but I wanted to see if there's a way to invest it or not. Sell and reinvest in your asset allocation. If...
by Eric76
Tue Jul 18, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Do you pay fees to buy funds or ETFs?
Replies: 46
Views: 4086

Re: Do you pay fees to buy funds or ETFs?

I pay zero to buy/sell any ETF/stock (up to 30/mo.) at Merrill Edge. I have never paid fees to buy funds or ETFs; I probably never will. I paid a stock commission exactly once, to buy 1 share of Berkshire Hathaway, because it would save me more in insurance costs than the commission. I encourage ev...