Search found 1896 matches

by jhfenton
Fri Aug 18, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Did Chase Apply My "Additional Principal" Payment Legally?
Replies: 41
Views: 1981

Re: Did Chase Apply My "Additional Principal" Payment Legally?

I ran into this with Honda Financial in the manner that they were applying my payments. Any extra I was paying was not immediately reducing principal, and was instead being treated as "paid ahead" meaning I could pay less with my next payment. This resulted in no benefit for me. I found out in orde...
by jhfenton
Fri Aug 18, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: WSJ - ... Stop Index Trackers [from] Eating the Economy
Replies: 23
Views: 2927

Re: WSJ - ... Stop Index Trackers [from] Eating the Economy

And what the heck is this? The problem crops up again and again in finance. It makes sense to be a free rider on someone else’s work, but once everyone realizes that, there is no one left to do the work. In markets, the work is identifying which companies will do best, which harnesses greed to deli...
by jhfenton
Thu Aug 17, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Bond - Should I sell?
Replies: 13
Views: 1168

Re: Inherited Bond - Should I sell?

NO - Don't sell it; it will be called at the first calling date. I have/had a lot of Muni bonds and they are ALL being called at first calling date; even the ones with 4.125% and lower ratings than your bond. I don't know whether I would sell it or not. As I said, it would depend on the offer I rec...
by jhfenton
Wed Aug 16, 2017 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: A modified VTSAX
Replies: 6
Views: 726

Re: A modified VTSAX

You should just buy the large cap value index fund. Of course down the road, one or more of those companies may actually become a value stock again... If you buy VLUE (iShares Edge MSCI USA Value Factor ETF), a sector-neutral value fund, AAPL is, in fact, the largest holding and has been through th...
by jhfenton
Wed Aug 16, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Do you manage your asset allocation like a Target Fund?
Replies: 20
Views: 1394

Re: Do you manage your asset allocation like a Target Fund?

No. I want an asset allocation that is heavily tilted to small-caps and to value equities with US:foreign about 50:50. Target funds don't go for that kind of asset allocation except maybe DGSIX is closer than some. However, DGSIX trails behind what I can do by myself. +1 for us. Also, I never want ...
by jhfenton
Wed Aug 16, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Dumb, basic question about market-cap weighted funds?
Replies: 35
Views: 1852

Re: Dumb, basic question about market-cap weighted funds?

Thanks to all for taking the time to explain the mechanics a bit more and the logic behind them. I think jbolden1517 probably identified the disconnect between me and this style of investing. I dislike paying full price for anything and especially dislike paying a premium, and it feels like market-...
by jhfenton
Wed Aug 16, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: A modified VTSAX
Replies: 6
Views: 726

Re: A modified VTSAX

I would agree with The Wizard. You can just do small and mid and avoid the large growth companies you listed. I invest in Vanguard Mid-Cap Value (VMVAX) and Vanguard Small-Cap Value (VSIAX). At this point, I don't own any U.S. large caps. I could add a U.S. large value fund too, but I decided to kee...
by jhfenton
Wed Aug 16, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Inherited Bond - Should I sell?
Replies: 13
Views: 1168

Re: Inherited Bond - Should I sell?

There are currently no bids or asks listed for this muni bond. It appears that the last trade was in mid-May at 113.44 with a YTW of 1.897% (qty $125,000). I would certainly request a bid from Vanguard, but I would look at the bid before making a decision to sell. If I got a bid at 108, I'd probably...
by jhfenton
Wed Aug 16, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: what % of international stock
Replies: 31
Views: 1555

Re: what % of international stock

You are going to get answers from zero to fifty percent in international. Actually, I went to 55% international at the end of last year (December) because of the difference in valuations and the jump in the dollar after the election. Yes, it was a bit of market timing, but "over-rebalancing" is per...
by jhfenton
Tue Aug 15, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguards online fraud policy - remember username -iPhone App?
Replies: 16
Views: 1957

Re: Vanguards online fraud policy - remember username -iPhone App?

Exactly. You wouldn't think of storing this information on a computer. Why would you store it in a phone app? In fact I'd sooner store it in my computer's browser than I would a phone app. At least I know I'm not gonna go away and leave the computer sitting in a booth in a bar somewhere. No crook i...
by jhfenton
Tue Aug 15, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6533

Re: Is $9000 too much for a sectional sofa ?

Can I drive it to work? If not, then it is too much. :beer
by jhfenton
Tue Aug 15, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Vanguard seeks corporate disclosure re climate change risks
Replies: 2
Views: 455

Re: Vanguard seeks corporate disclosure re climate change risks

As long it's just a disclosure of market and regulatory risks, I don't see an issue. It doesn't have to be a political statement. Companies are required to disclose all sorts of material risks, many of which are purely political/legal/regulatory.
by jhfenton
Tue Aug 15, 2017 7:38 am
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 72
Views: 8781

Re: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."

Vanguard opened an important 3-month voting campaign today with the filing of its final proxy statement with the U.S. Securities and Exchange Commission. Vanguard is asking shareholders to elect the trustees of its funds and to approve several policy changes across its U.S.-domiciled fund lineup. ....
by jhfenton
Mon Aug 14, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Your Movie Collection?
Replies: 43
Views: 2954

Re: Your Movie Collection?

Considering that I haven't bought a physical cd in probably over a decade I'm not really sure why I keep buying physical movies. I do occasionally. Often it is the cheapest way to buy an album. Often, an album will be $7.99-9.99 on iTunes or for the MP3 album on Amazon, but will cost $4.39 for the ...
by jhfenton
Sun Aug 13, 2017 9:35 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF
Replies: 3
Views: 787

Re: Wealthfront now uses VTEB (Vanguard Tax-Exempt Bond) as its default muni ETF

MUB has been around for a decade and is the grand-daddy of the category with $8.67B in assets. VTEB was launched two years ago, following the same index as MUB and substantially undercutting its expense ratio. Initially, though, Wealthfront shied away from using a new, low-asset, less liquid fund. A...
by jhfenton
Sun Aug 13, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: Your Movie Collection?
Replies: 43
Views: 2954

Re: Your Movie Collection?

We own and buy quite a few blu-rays and a tiny number of legacy DVDs. (At this point, the video quality of DVD content is so poor--720x480 at best--that there is no point in watching them if there is any alternative.) As soon as I get a new blu-ray movie or TV show, I back up the movie or TV episode...
by jhfenton
Sun Aug 13, 2017 6:36 am
Forum: Personal Consumer Issues
Topic: E-delivery of transaction confirmations
Replies: 12
Views: 828

Re: E-delivery of transaction confirmations

Same here, and since I was a new customer when I signed us up, we have never once received a snail mail confirmation from Vanguard. I have bought and sold mutual funds, ETFs, brokered CDs, treasury bonds, TIPs, and corporate bonds inside our IRAs. I have bought and sold mutual funds and ETFs in our...
by jhfenton
Sat Aug 12, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: E-delivery of transaction confirmations
Replies: 12
Views: 828

Re: E-delivery of transaction confirmations

Since I've signed up for e-delivery of transaction confirmations, I have never received a snail mail conformation. Same here, and since I was a new customer when I signed us up, we have never once received a snail mail confirmation from Vanguard. I have bought and sold mutual funds, ETFs, brokered ...
by jhfenton
Tue Aug 08, 2017 8:36 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 55
Views: 4840

Re: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

What is the difference between the new funds and the old Treasury Funds (VFISX, VFITX, VUSTX). I thought including GNMAs was one of the factors that made VSIGX different. How will the new Treasury Index Funds differ from the old Treasury Funds? The old treasury funds are active funds. The new treas...
by jhfenton
Tue Aug 08, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)
Replies: 55
Views: 4840

Vanguard Government Bond Index Funds changing names and indices (dropping agency bonds)

Today, Vanguard announced plans to change the benchmarks for 3 Vanguard Government Bond Index Funds, which will then be renamed Vanguard Treasury Index Funds. Prospectus updates were filed with the U.S. Securities and Exchange Commission, proposing the changes to all share classes of the following ...
by jhfenton
Sun Aug 06, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: ETFs v. Mutual Funds
Replies: 11
Views: 814

Re: ETFs v. Mutual Funds

I had an e-mail from a TIAA sales rep who wanted to talk to me. He wrote something like "I see a couple of things that we can talk about." I had to chuckle because I only used a couple of things in my TIAA-run 403(b): TIAA traditional annuity and TIAA Real Estate Account. We have a paid advisory se...
by jhfenton
Sun Aug 06, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Buying a new TV. What do I need to know now?
Replies: 29
Views: 2244

Re: Buying a new TV. What do I need to know now?

We bought a 55" TCL 4K Roku-built-in set last Thanksgiving for $399 (and that now seems to be the regular price at Walmart). It's been great. The TCL sets seems to be screaming deals at the top of the budget sets. I've got one in transit right now to replace a prematurely expired Vizio (covered by ...
by jhfenton
Sun Aug 06, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Should TBM Be Your Only Bond Fund?
Replies: 33
Views: 4927

Re: Should TBM Be Your Only Bond Fund?

what are folks' thoughts on Intermediate Term (VBILX) instead of TB? If you would only let me own one bond fund, VBILX would probably be my choice. As it is, I prefer to split them out. We own VSIGX (Vanguard Govt Index Admiral), VICSX (Vanguard Int Corp Index Adm), and VSCSX (Vanguard Short Corp I...
by jhfenton
Sun Aug 06, 2017 12:11 pm
Forum: Personal Consumer Issues
Topic: Buying a new TV. What do I need to know now?
Replies: 29
Views: 2244

Re: Buying a new TV. What do I need to know now?

There is still much debate about ATSC 3.0. Personally, I would not put much consideration into it when choosing a TV today. The FCC has not 'mandated' a transition to ATSC 3.0 and is not likely to do so. ATSC 3.0 is 100% *optional*, and for those broadcasters that decide to broadcast 3.0 services, ...
by jhfenton
Sat Aug 05, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Stock market bubble
Replies: 22
Views: 1782

Re: Stock market bubble

I invested through late '90's, and it was clear to me by 1998 that large growth/Internet! stocks were in a bubble. I tilted heavily to small value as a result, missing some of the ride up and most of the ride down. But I see no evidence of an equivalent stock market bubble now. It appears that U.S. ...
by jhfenton
Sat Aug 05, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Grocery prices crazy for the last five months?
Replies: 19
Views: 1988

Re: Grocery prices crazy for the last five months?

There has been no large, widespread increase in food prices. I've seen only minor and typical fluctuations in specials. Something else is going on in your budget.
by jhfenton
Wed Aug 02, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21242

Re: A poll: How much money do you need to retire?

47. $2-2.5MM at 57-62.

We probably don't quite "need" that much, but that's the goal.
by jhfenton
Thu Jul 27, 2017 8:17 am
Forum: Investing - Help with Personal Investments
Topic: The argument for international funds?
Replies: 12
Views: 782

Re: The argument for international funds?

If you can't come up with a strong personal conviction one way or the other on international investments, just put 25-30% of equities in Vanguard Total International and stick with that. You'll be hedging your bet on hedging your bets with international. Disclaimer: I have 50% of equities in interna...
by jhfenton
Wed Jul 26, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Too much of portfolio in Vanguard?
Replies: 22
Views: 3710

Re: Too much of portfolio in Vanguard?

For short-term cash-flow problems--e.g., identity theft, hacking, IT problems, the rumors of my demise being "greatly exaggerated," etc.--I would not want 100% of my assets with one custodian in retirement. When we get to retirement, I'll make sure we have some small amount, at least, with...
by jhfenton
Wed Jul 26, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Settlement time "T+2" in September per Vanguard
Replies: 10
Views: 1185

Re: Settlement time "T+2" in September per Vanguard

In a way t+2 can be the worst of both worlds when buying. With T+3 you could start a transfer from your bank, make the purchase, and you know that the money will be there by the settlement day. T+2 can make this less certain depending on your bank. I don't understand this, unless you are talking ab...
by jhfenton
Fri Jul 21, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: State Farm vs Penn National- auto, renters, umbrella?
Replies: 58
Views: 5560

Re: Why does State Farm have poor reviews?

My wife has had State Farm for 31 years, and I joined her policy when we got married 25 years ago. We have auto and home with them. We've received great claim service for storm roof damage, a frozen/busted pipe (small claim), and a shattered front glass door early on that we wouldn't even bother fil...
by jhfenton
Thu Jul 20, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Second Child - Updating a Will
Replies: 12
Views: 1062

Re: Second Child - Updating a Will

Gill wrote:Most likely the will provides for that possibility.
Gill

+1 I'd be shocked if the existing will didn't already provide for after-born and after-adopted children. (Also many state statutes provide default rules that cover such children if not specifically mentioned one way or the other.)
by jhfenton
Wed Jul 19, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]
Replies: 29
Views: 4384

Re: Stocks just got cheaper... per Vanguard [sudden change in Vanguard fund P/Es]

My M* portfolio weighted-average forward PE ratio just dropped too with the new Vanguard June month-end data. M* portfolio x-ray now shows 15.99, whereas a few days ago, it was 16.74.
by jhfenton
Wed Jul 19, 2017 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 2123

Re: Designed an aggressive 20 year portfolio. Thoughts?

Your proposed portfolio is almost the exact opposite of our portfolio. We are 50% international, with that tilted to small and emerging markets; and we are heavily tilted to (i.e. almost entirely) small and mid value in the U.S. I wouldn't touch active funds, growth funds, or most sector funds. (We ...
by jhfenton
Wed Jul 19, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: HOA wants to use American Arbitration Association?
Replies: 12
Views: 938

Re: HOA wants to use American Arbitration Association?

I would not agree to AAA arbitration in a three-person HOA (or any HOA, most likely). As Rwsavory said, AAA is very reputable. I provide for AAA arbitration in most of my publicly-traded employer's vendor contracts. The process is simple and cheap compared to commercial litigation in federal court, ...
by jhfenton
Fri Jul 14, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Investments for HSA - need input please
Replies: 8
Views: 713

Re: Investments for HSA - need input please

I do what grabiner suggested with my employer-sponsored HSA and a similar hodge-podge mix of funds. I invest all $40K+ of my HSA in Vanguard Developed Markets Index Admiral at 7 bp and just treat it as part of our retirement portfolio. I balance out the desired portfolio allocation elsewhere. In you...
by jhfenton
Thu Jul 13, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: can a city mandate garbage & recycling service? is that legal?
Replies: 36
Views: 2372

Re: can a city mandate garbage & recycling service? is that legal?

Our small city does as well (as does our encircling big brother Cincinnati). The city has a contract for garbage collection and recycling. The fee appears on our quarterly water bill from the city. We, at least, have a much more flexible contract than Cincinnati. My mother-in-law a few miles away is...
by jhfenton
Thu Jul 13, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9768

Re: Do you count vehicle equity in net worth?

1. I don't calculate net worth.
2. If I did calculate net worth, I would include our two fully paid-off cars and our house, because they are assets.
3. But I don't have any reason to calculate net worth.
(4. I do have a spreadsheet with our liquid investments.)
by jhfenton
Tue Jul 11, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Fees, and the Vanguard Effect?
Replies: 3
Views: 376

Re: HSA Fees, and the Vanguard Effect?

I've been hoping for several years that the HSA market would become more competitive. I pay $2/month and 10 bp per year to invest all but $2,000 of my HSA through my employer-sponsored HSA. I have access to a half dozen Vanguard Admiral shares, so it's not too bad. But with a balance of well over $4...
by jhfenton
Mon Jul 10, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you keep a balance in your settlement fund?
Replies: 30
Views: 3003

Re: Do you keep a balance in your settlement fund?

We currently have a total of $0.01 in our five Vanguard settlement accounts. I have no way to get rid of that penny in that account until I sweep it up in my next Roth IRA contribution (or rebalance into an ETF from a mutual fund). (You can buy mutual fund order for $0.01, but you need a mutual fund...
by jhfenton
Mon Jul 10, 2017 9:47 am
Forum: Investing - Theory, News & General
Topic: Talk me out of long term bonds
Replies: 26
Views: 2141

Re: Talk me out of long term bonds

Are you going to reinvest the dividends? If so, I would go ahead and not sweat it. Your long term bond fund, as you said, isn't so far from intermediate status. You have a long time horizon of 20 plus years and that also makes me more comfortable with your decision. I believe your analysis to be co...
by jhfenton
Sun Jul 09, 2017 8:25 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 119
Views: 9541

Re: My Favorite Alternative Funds

And I would also factor in the very real hassle of dealing with a human advisor. To me, that would be a distinct negative. We have no need of tax or investment advice. Managing our portfolio online is easy. Real hassle? Not in my very real experience. So just to set the record straight, the 1K fee ...
by jhfenton
Sun Jul 09, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 3182

Re: can't logon to vanguard account [Website Down]

I can access my accounts.
by jhfenton
Sun Jul 09, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: price manipulation & Bitcoin
Replies: 3
Views: 663

Re: price manipulation & Bitcoin

The recent run-up in cryptocurrency prices has made mining profitable again, leading to another shortage of high-end GPUs, both AMD and Nvidia Pascal-based GPUs. Both families of GPUs are scarce and selling for above MSRP.
by jhfenton
Sun Jul 09, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: can't logon to vanguard account [Website Down]
Replies: 92
Views: 3182

Re: Is Vanguard down this AM (7/9/17)?

Guys this is not your average mom and pop website. This is a website and backend that manages trillions of dollars. There is no excuse for any downtime. Is is routine to have clusters of servers and have updates done on a rolling basis that results in no downtime. Websites that are far less critica...
by jhfenton
Sun Jul 09, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Talk me out of long term bonds
Replies: 26
Views: 2141

Re: Talk me out of long term bonds

I'm not going to try to talk you out of it. I personally own the Ohio-specific version of that fund (VOHIX/Vanguard Ohio Long-Term Tax Exempt). As others have mentioned, because of the long maturities of many muni bonds, because of the frequent call provisions, and because of the current low-interes...
by jhfenton
Sun Jul 09, 2017 1:30 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 119
Views: 9541

Re: My Favorite Alternative Funds

I would certainly consider some or all of these asset classes if they were readily available. But since I don't have ready access to any of them, my interest is largely irrelevant. I suppose I could get access to the non-closed AQR funds if I moved some money to Fidelity, but that's a bridge too fa...
by jhfenton
Fri Jul 07, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: My Favorite Alternative Funds
Replies: 119
Views: 9541

Re: My Favorite Alternative Funds

I would certainly consider some or all of these asset classes if they were readily available. But since I don't have ready access to any of them, my interest is largely irrelevant. I suppose I could get access to the non-closed AQR funds if I moved some money to Fidelity, but that's a bridge too far...
by jhfenton
Fri Jul 07, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Proposed AA - Please critique [Asset Allocation]
Replies: 22
Views: 1146

Re: Proposed AA - Please critique

There is nothing wrong with your allocation. It is perfectly reasonable. (The way most people calculate allocations, you are 43.75% international as a percentage of your equity allocation. That is still reasonable, and a bit lower than mine.) Still, I'd probably simplify a bit by eliminating the VB ...
by jhfenton
Thu Jul 06, 2017 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Index ETF vs. Index Mutual Fund
Replies: 7
Views: 753

Re: Index ETF vs. Index Mutual Fund

My understanding (I learned very little from the Wiki, honestly) is that holding an ETF beyond a year allows the sale to be considered for long term cap gains where the mutual fund is always ordinary income. I believe the same treatment is true for dividends, and non-qualified/qualified with the 1 ...