Search found 61920 matches

by livesoft
Wed Sep 19, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Why are there so few long-term investors?
Replies: 9
Views: 806

Re: Why are there so few long-term investors?

Why are there so few long-term investors? Most funds and ETFs have such great turnover. After Warren Buffett you would be hard pressed to think of the next big long term investor. If 99% of shareholders are long-term, but the other 1% trade insanely multiple times a day/week/month/year, would not t...
by livesoft
Wed Sep 19, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Unrealized losses in a bond fund
Replies: 11
Views: 589

Re: Unrealized losses in a bond fund

We don't know what will happen to bond fund NAVs in the near term, but I will make a prediction anyways: Bond fund NAVs have dropped about 1% in the past month despite the known FFR hike that will be announced September 26, I expect a "relief rally" that afternoon when the shoe actually drops. So an...
by livesoft
Wed Sep 19, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: It seems simplke bot of course not! Benchmarking ...
Replies: 10
Views: 238

Re: It seems simplke bot of course not! Benchmarking ...

In order to know what benchmark to use, I think you have to know what asset allocation is that your portfolio has been following. Fidelity has an Analysis tool to tell you the asset allocation of your portfolio. I have described it in this post: https://www.bogleheads.org/forum/viewtopic.php?p=22488...
by livesoft
Wed Sep 19, 2018 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Unrealized losses in a bond fund
Replies: 11
Views: 589

Re: Unrealized losses in a bond fund

It appears you may be using average cost for the basis. Selling all shares could allow you to use specific identification for the cost basis method when you restart a position from scratch in a month or so. Using a short-term muni in the meantime is a good idea.
by livesoft
Wed Sep 19, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 39
Views: 2746

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Thank you for that random story that has no relevance to this thread It's nice when it seems that an elderly relative makes a rational selection for someone to manage their portfolio. It doesn't always happen. At work, I'm sure that people around you can pick up the slack if you become prematurely ...
by livesoft
Wed Sep 19, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Unrealized losses in a bond fund
Replies: 11
Views: 589

Re: Unrealized losses in a bond fund

I don't think you are going to hurt yourself by popping into interm-term for 31 days. Besides you probably have to TLH some of your interm-term at that point anyways.
by livesoft
Wed Sep 19, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 39
Views: 2746

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I heard of a gentleman with an MBA from the Booth School of Business. His deceased mom made sure that his inheritance was administered in trust with his two other brothers (who had no particular financial education qualifications) as trustees. I guess his mom didn't like the University of Chicago.
by livesoft
Wed Sep 19, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

^Same story for us shifted by 20 years. Back then. Except we did live well below our means (a euphemism for "like poor people"?) until long afterwards since we've been alive.
by livesoft
Wed Sep 19, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: What is a reasonable fee charged by financial planners?
Replies: 15
Views: 956

Re: What is a reasonable fee charged by financial planners?

TIAA offers free-of-charge wealth managers to help with the decisions that the OP is asking about. So my new question: Did you contact TIAA for help?

viewtopic.php?t=208571
by livesoft
Wed Sep 19, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 39
Views: 2746

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

^Don't forget that the aunts/uncles can pre-decease grandmother. Then then cousins will be involved. Time has a way of changing things, too. You will probably be alright, but I would still prepare ahead of time for conflict and get inoculated against that by some more formal agreement along with a w...
by livesoft
Wed Sep 19, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Funds / brokerage / bank fee comparison site
Replies: 2
Views: 138

Re: Funds / brokerage / bank fee comparison site

I don't have a site because generally in the US of A, it is trivial to find places that have no fees, no commissions, and low-expense ratio index funds. However, for European investors, an opportunity exists to create such a site and monetize it through online ads. Frankly, I'm surprised that there ...
by livesoft
Wed Sep 19, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

I, for one, am not wondering where all the poor retirees are. They are everywhere. I see them all the time.
by livesoft
Wed Sep 19, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

So the conclusion is that the majority of retirement-age Americans have something to live on.
by livesoft
Wed Sep 19, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

Please use "retirement-age" the same as Full-Retirement Age (FRA) for Social Security.
by livesoft
Wed Sep 19, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

Is is safe to say that "The majority of retirement-age Americans are retired" ?
by livesoft
Wed Sep 19, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Does this job exist (another want-to-quit-corporate-world thread)?
Replies: 34
Views: 3198

Re: Does this job exist (another want-to-quit-corporate-world thread)?

No, I never had one of these jobs. I spent a week living with seasonal NPS rangers in Yellowstone. During that time they described how they got their jobs, how they had to re-apply every year, how the government hiring freeze was affecting them. Since one of them was a veteran, that person got extra...
by livesoft
Wed Sep 19, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3181

Re: “Majority of working-age Americans have no retirement savings”

So where do all these retired people that I see all over the US come from? I suspect people do not tell pollsters the truth about their savings.
by livesoft
Wed Sep 19, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Unrealized losses in a bond fund
Replies: 11
Views: 589

Re: Unrealized losses in a bond fund

I own a couple short-term corporate bond index funds, but not in taxable accounts. I'd sell to realize the losses and not buy ST Corp Index again in taxable if I was in a tax bracket where using intermediate-term munis fund made sense. So some confusion: Limited-term tax exempt and LT tax-exempt mea...
by livesoft
Wed Sep 19, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Stock market scenarios
Replies: 12
Views: 780

Re: Stock market scenarios

1. TIAA Real Estate Account is in an old 403(b) that I have. It is not a REIT. Search the forum. 2. Taxable account currently has Total US Stock Market Index, US Large-cap Index, Large-cap foreign indexes (VEU, VEA), and a small-cap value index (VBR). No new purchases have been made in taxable in a ...
by livesoft
Wed Sep 19, 2018 7:42 am
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."
Replies: 5
Views: 547

Re: Matter/scatter, part 9. Small-cap value and the "ten-fund portfolio."

Perhaps the following question was answered by you in another matter scatter post, but ... It seems that there is no free lunch in that all the portfolios with a higher average performance have a higher standard deviation. If one adjusts the equity:bond asset allocation to get the same standard devi...
by livesoft
Wed Sep 19, 2018 6:38 am
Forum: Personal Consumer Issues
Topic: Patio furniture covers
Replies: 7
Views: 513

Re: Patio furniture covers

Never had covers for our patio furniture. And since your furniture will sit in a screened porch, I don't see the need for covers. I have friends that had covers because they had messy trees which left debris and tannin stains on their outdoor furniture. The covers stiffened and rotted in the sun and...
by livesoft
Wed Sep 19, 2018 5:30 am
Forum: Investing - Help with Personal Investments
Topic: UTMA help.... advice needed for inherited UTMA
Replies: 9
Views: 468

Re: UTMA help.... advice needed for inherited UTMA

However, this would enable you to rollover the balance in the UTMA account to a UTMA 529 account prior to college. If you and the student will be on the bubble of financial aid. UTMA accounts can be very detrimental to the FAFSA calculation. But its not like a student-owned 529 account is not detri...
by livesoft
Tue Sep 18, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

sergeant wrote:
Tue Sep 18, 2018 10:42 pm
Dearest Brother-In- Law, for all the pleasure that you have brought me through the years I have bequeathed you my inactive TIAA 403b account.
I don't think that works. You'd have to change the beneficiary on the 403(b) account which will take FOREVER plus FOREVER to get done, so you won't do it.
by livesoft
Tue Sep 18, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

There is no way I'd waste more than 30 minutes on trying to recoup $200. I'd just walk away from it, like others said, and wait for it to fall in the hands of the state. Hmmm, that suggests a new way to benefit charities: Instead of donating an old car that one wants to get rid of, but doesn't want...
by livesoft
Tue Sep 18, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: Stock market scenarios
Replies: 12
Views: 780

Re: Stock market scenarios

My IPS says that I will rebalance back to my asset allocation, so all of your scenarios are identical as far as I am concerned. Since I am retired, my asset allocation probably has nothing to do with yours, but here is mine (roughly): 29% US equities 29% foreign equities 31% US bonds. the rest in TI...
by livesoft
Tue Sep 18, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA help.... advice needed for inherited UTMA
Replies: 9
Views: 468

Re: UTMA help.... advice needed for inherited UTMA

Thank goodness your daughter is still alive! So this UTMA was not inherited, but presumably you meant the custodian has changed from her grandparent to her parent. I would not roll into 529. It is really up to you to decide how to invest this money. Personally, I would put it all in a Vanguard LifeS...
by livesoft
Tue Sep 18, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Apple MacBook Pro & Camcorder help!
Replies: 7
Views: 408

Re: Apple MacBook Pro & Camcorder help!

Old camcorders had software to do things. What software do you have that came with your camdcorder? Usually in those days, the software was on a CD in the box.
by livesoft
Tue Sep 18, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 22
Views: 2060

Re: Elderly parents are in debt - Need advice

Family meeting time! Do you have [step]-siblings?
by livesoft
Tue Sep 18, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: How much to spend on rent (balancing savings) - VHCOL area
Replies: 11
Views: 778

Re: How much to spend on rent (balancing savings) - VHCOL area

I would pay a premium to be able to live near work. I used to live less than 500 meters from my work. I paid about half my monthly take-home pay to rent a place, but at the time there were other benefits than simply being close to work. I don't see how that is useful to you. With your income, would ...
by livesoft
Tue Sep 18, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 39
Views: 2746

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I did not study what you intend to do, but quickly looked it over. It seems you are making justifiable changes with virtually no tax consequences. But I wanted to point out something that you didn't ask: Namely how the beneficiaries feel about you managing this money. You just stated that you've bee...
by livesoft
Tue Sep 18, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Manager - Cancer Diagnosis
Replies: 15
Views: 1611

Re: Manager - Cancer Diagnosis

While neither I nor close family members have been diagnosed with cancer, I know many people who have told me or my spouse about their diagnoses. It seems like at first it is an intensely private affair and no one wants to bother anyone with any of their troubles. I don't think there is really a pla...
by livesoft
Tue Sep 18, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is a reasonable fee charged by financial planners?
Replies: 15
Views: 956

Re: What is a reasonable fee charged by financial planners?

My experiences come from reading what people have reported at bogleheads.org. Quite a lot of people have paid money and gotten information and advice that was worthless, so any amount of money paid was wasted. So the first order of business would be to determine if the service is going to worth payi...
by livesoft
Tue Sep 18, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: New car - 0% loan or $500 rebate
Replies: 5
Views: 329

Re: New car - 0% loan or $500 rebate

I always take the loan. I'm not putting the loaned amount into a 2% savings account over 4 years. I don't care about the risk-free rate because I always figure a way to take on risk and make more money over 4 years.
by livesoft
Tue Sep 18, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Does this job exist (another want-to-quit-corporate-world thread)?
Replies: 34
Views: 3198

Re: Does this job exist (another want-to-quit-corporate-world thread)?

Early-retired blogger.

The seasonal USFS and NPS jobs can be difficult to get. I cannot imagine they would be suitable for the OP.
by livesoft
Tue Sep 18, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: $4900.00 INHERITED IRA
Replies: 9
Views: 847

Re: $4900.00 INHERITED IRA

I have such an inherited IRA. I didn't cash it out. It is actually trivially simple to have the custodian figure out and send one the RMD every year. My RMD is even less than $200, but I have it sent to me on on the birthday of my mother and we use the money to go out to a nice dinner.
by livesoft
Tue Sep 18, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

Bmac wrote:
Tue Sep 18, 2018 7:44 am
Livesoft, your spouse is likely going to make more money by winning her fantasy league with far less hassle and exponentially more fun than than you will get finalizing this rollover.
That is so true!
by livesoft
Mon Sep 17, 2018 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

However, I can't believe that TSACG would be much of a hindrance. They don't even have a form to fill out. In my spouse's case, TSACG does have a form to fill out and it was specifically pointed to by TIAA. It is right there online for everybody to see. I chose not to engage Vanguard because I cann...
by livesoft
Mon Sep 17, 2018 8:08 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2148

Re: UNCHANGING OPINIONS

What I am thinking of are the benefits of such things as the space program, lots of technology spin-offs. I am also thinking of the Bell Labs. Government did a lot of basic research as I recall. I never said funding basic research was bad. Most of my career was doing NIH-funded basic research. A lo...
by livesoft
Mon Sep 17, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Chasing Mutual Fund Performance - Follow the Momentum?
Replies: 5
Views: 454

Re: Chasing Mutual Fund Performance - Follow the Momentum?

It's like a self-fulfilling prophecy which are the best kind.
by livesoft
Mon Sep 17, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2148

Re: UNCHANGING OPINIONS

I remember the days when basic research would be done and we would just let it go where ever the facts would lead. Today, it seems that research must have a predetermined result. There were never days when basic research would be done and let it go where ever the facts would lead. Never. Sure, some...
by livesoft
Mon Sep 17, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

I got lucky today in that my spouse pestered me about something, so it was only fair that I pester her back and ask about the phone call and faxing she promised to do. She did the phone call after my text query, but not the faxing. Progress has been made!
by livesoft
Mon Sep 17, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Do vanguard tsm and 500 funds distribute capital gain?
Replies: 7
Views: 656

Re: Do vanguard tsm and 500 funds distribute capital gain?

Hi there, I love the Vanguard TSM and 500 funds, and their ETF class products as well. Will I ever need to worry about some massive capital gain tax distribution that could potentially put me into a massive capital gain tax situation? I don't think one needs to worry about "some massive capital gai...
by livesoft
Mon Sep 17, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Trend Following failure
Replies: 7
Views: 688

Re: Trend Following failure

Don't know about trend following, but I think one can experiment with seeing when momentum changes from going in one direction to stopping and going in the other direction. Human beings (i.e. investors) have so many behavioral things that they rationally do, that it is not impossible to see when the...
by livesoft
Mon Sep 17, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: how do/did you teach your kids finances/investing?
Replies: 26
Views: 1860

Re: how do/did you teach your kids finances/investing?

I told them to buy their own cars and get a loan if they needed to. Very motivating to them.
by livesoft
Mon Sep 17, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Four International ETFs that are better diversifiers than VXUS
Replies: 28
Views: 2115

Re: Four International ETFs that are better diversifiers than VXUS

So the PV runs are for just only 3 years which is not something I would bet the farm on.
by livesoft
Mon Sep 17, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3251

Re: a low grade in a 9th-grade test

I am always amazed when BogleHeads remember specific grades they got, in a specific class, during a specific year. <10 year out of high school, and I could not name 95% of teachers, let alone grades from that time. It's not hard to remember just the two grades you ever got in high school. :twisted:...
by livesoft
Mon Sep 17, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: I see now why Rollovers can take FOREVER ....
Replies: 56
Views: 4835

Re: I see now why Rollovers can take FOREVER ....

But there is a TIAA online Take a Distribution function which *might* work painlessly. I say *might* since I've not tried to do a one shot distribution with them... Tried it. Doesn't work because of the intervening TPA. If TIAA was the custodian AND the TPA, then things would be much simpler, so yo...
by livesoft
Mon Sep 17, 2018 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Simplyfing a Portfolio - Looking for Advice
Replies: 11
Views: 1191

Re: Simplyfing a Portfolio - Looking for Advice

5. Partially understood. To confirm - When I stop reinvesting the dividends in the (remaining) funds in my taxable account and begin accumulating cash, I should reinvest that cash manually in the two of the remaining taxable funds - VTI and VEA, correct? 6. Partially understood. See above. 5. Corre...
by livesoft
Mon Sep 17, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Unchanging opinions
Replies: 25
Views: 2148

Re: UNCHANGING OPINIONS

This is very old news and I'm not going to change my opinion about it.

Many people would rather die than admit they were wrong. Just look at storm evacuations.

Just look at all the "Invest now or wait?" questions. No minds are ever changed, are they?