Search found 1388 matches

by wolf359
Sun Oct 21, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Question about the book Bogleheads' Guide to Investing
Replies: 4
Views: 747

Re: Question about the book Bogleheads' Guide to Investing

The newer edition has already been out for a few years, which means it is probably at your public library. I'd suggest that you check it out and read it for free. You'd then be able to decide if it's worth buying again. Most of the updates are also in the Wiki, which is kept up-to-date. The core mes...
by wolf359
Fri Oct 19, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 22
Views: 4046

Re: What the heck to do with $2M windfall

Thanks for taking the time to respond. I am in my mid-30s with no debt above 4% (including auto, home, and student loans). I currently have another $1.5M in net assets and would like to retire at 60 with $10,000,000. I’ve supefunded my 2 kids’ 529s and max out retirement. With the sale of our busin...
by wolf359
Fri Oct 19, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond Fund Choice
Replies: 6
Views: 752

Re: Total Bond Fund Choice

I am debating on using my 403b to put all my bond allocation, but personally do not like the idea of salary reduction to fund the investment; I would rather be in complete control and transfer funds when I choose fit and to what amount. I'd advise the opposite of this strategy. You have complete co...
by wolf359
Fri Oct 19, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12574

Re: Where would you go for financial guidance if you win the Megamillions?

First, this will never happen to any of us. The odds, yadda, yadda.. Plus I never play. Waste of money, creates gambling addictions, its a tax on those that can't do math, the poor etc. $2 is a cheap price for admission if you consider the entertainment value of daydreaming what would happen if you...
by wolf359
Thu Oct 18, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 152
Views: 12574

Re: Where would you go for financial guidance if you win the Megamillions?

I'd see if I could find a way to claim the money and not let my identity be disclosed. So, once I found I had the winning ticket, I'd be looking for legal advice. I would not sign the back of the ticket. I'd see if I could set up some kind of legal loophole that would let me stay anonymous. I assum...
by wolf359
Thu Oct 18, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6562

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Paying off the mortgage is a tradeoff between cash flow and liquidity. If I pay it off, I recover some of the cash flow. (I still have to pay taxes and insurance.) If I pay it off, my liquid assets drop by the amount of the payoff. If I pay it off, the total cost of ownership drops because of the pr...
by wolf359
Thu Oct 18, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Roth IRA: Hitting mutual fund limits at the beginning
Replies: 16
Views: 1250

Re: Investing in Roth IRA: Hitting mutual fund limits at the beginning

What is your 401K invested in? The most commonly recommended approach here is to look at all of your assets as a single porfolio as opposed to treating each account separately. For example, you may just use standard total market funds in your 401K and then use your Roth IRA for the tilts. +1 You do...
by wolf359
Wed Oct 17, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can you please tell me how much FDIC insurance this scenario has?
Replies: 13
Views: 595

Re: Can you please tell me how much FDIC insurance this scenario has?

Single 1 owner Checking Single 1 owner Savings Several CDs, single 1 owner But ALL accounts have the SAME 2 beneficiaries. How much FDIC coverage is for this scenario? Thanks It depends. FDIC coverage is per institution, per owner, per deposit category. If all the accounts are under a single owner'...
by wolf359
Wed Oct 17, 2018 8:01 am
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield
Replies: 14
Views: 1447

Re: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield

I used to hold the Vanguard high yield intermediate term tax exempt bond fund. I currently hold the Vanguard intermediate term tax exempt bond fund. Here is why I switched. Remember, the bull market has been going on for about 10 years. That means a rising stock market throughout this time. The var...
by wolf359
Tue Oct 16, 2018 2:22 pm
Forum: Personal Consumer Issues
Topic: Zion Nat'l Park & mosquitos in October?
Replies: 17
Views: 1374

Re: Zion Nat'l Park & mosquitos in October?

If you're flying and you want to bring bug repellant, they also sell it in the form of wet wipes, in sealed packets. These are easy to tuck into a backpack or pocket and don't trigger any of the TSA issues with pressurized spray cans. They're cheap, easy to apply, easy to pack, and are often availab...
by wolf359
Tue Oct 16, 2018 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield
Replies: 14
Views: 1447

Re: Tax Exempt Bond Funds - Intermediate, Long Term, High Yield

I used to hold the Vanguard high yield intermediate term tax exempt bond fund. I currently hold the Vanguard intermediate term tax exempt bond fund. Here is why I switched. Remember, the bull market has been going on for about 10 years. That means a rising stock market throughout this time. The vari...
by wolf359
Tue Oct 16, 2018 1:42 pm
Forum: Personal Consumer Issues
Topic: tablet or small laptop for general and travel computer?
Replies: 41
Views: 2213

Re: tablet or small laptop for general and travel computer?

For travel I use a Chromebook. It is good for general purpose use, including movies, facebook, web browsing, youtube, Netflix, light office automation (Google Office). Yes, you can use it to read Kindle books, but I use a paperwhite for that. It's cheap so I don't worry as much about getting it dama...
by wolf359
Fri Oct 12, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5681

Re: Who worries about a bear market in stocks?

Funny, my answer would be EVERYONE. Young investors as any prolonged bear marked in stocks will lead to layoffs. The most overconfident aspect I have seen from even folks on this site is their confidence of not getting fired when the next downturn occurs. Retirees if timing is poor the sequence of ...
by wolf359
Fri Oct 12, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 17876

Re: Can a US citizen be a resident of NO state?

I investigated this issue about a year ago, and all my online research led to the conclusion that a U.S. citizen is always a resident of at least one state. Not true. U.S. citizens who reside in Puerto Rico and Guam and the U.S. Virgin Islands and the Northern Mariana Islands are U.S. citizens who ...
by wolf359
Fri Oct 12, 2018 8:33 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10448

Re: Allan Roth doesn't like single premium annuities

There are better ways of addressing longevity risk. You hinted at this in your article but never addressed the "better ways." Could you let us in on what those better ways are? By the way, thanks much for contributing to this thread. You aren't being dumped on, this is a tough crowd. Just ask Larry...
by wolf359
Wed Oct 10, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10448

Re: Allan Roth doesn't like single premium annuities

How many times do I have to say this? It isn't surprising that pensions pay out better than SPIAs because consumers buy SPIAs one at a time where a pension is the equivalent of Costco, a pension can buy in bulk. This is why when faced with a choice between a pension and a lump sum, I most often adv...
by wolf359
Wed Oct 10, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1553973

Re: Stocks tumbling?

Assuming you are investing in Total Stock Market or the S&P 500. Don't forget that this asset class is volatile, meaning it will fluctuate up and down. Historically, it has generally gone up and down about 20% from it's mid value. If we're at the top of the bell curve now, it could potentially drop ...
by wolf359
Wed Oct 10, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 10448

Re: Allan Roth doesn't like single premium annuities

I'm not saying they are "horrible products." I'm saying 1) payments aren't income, 2) they expose another risk - inflation 3) There are better ways of addressing longevity risk. Allan, that was a very insightful article. Thank you for writing it. It did give me the additional perspective of conside...
by wolf359
Tue Oct 09, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment 50% of assets
Replies: 21
Views: 1887

Re: Apartment 50% of assets

I consider housing as an expense. In terms of net worth, I track it both investable net worth, and total net worth. The value of your apartment now represents 50% of your total net worth, but is not part of your investable net worth (which is investments but not your housing.) If it were a rental pr...
by wolf359
Fri Oct 05, 2018 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Best way to Invest 10 Million Portfolio at 40 without income
Replies: 56
Views: 8675

Re: Best way to Invest 10 Million Portfolio at 40 without income

Let's look at this from a different angle. You currently have $2.6 million. You currently have projected living expenses of $50,000. If you spent that from your current portfolio, you'd have a withdrawal rate of under 2%. If your stated expenses are accurate and realistic, then you can live indefini...
by wolf359
Fri Oct 05, 2018 6:15 am
Forum: Investing - Theory, News & General
Topic: Where is that value premium?
Replies: 57
Views: 4097

Re: Where is that value premium?

From Investopedia: Risk: Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return. Risk includes the possibility of losing some or all of the original investment. Read more: Risk https://www.investopedi...
by wolf359
Thu Oct 04, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13446

Re: Correlation between the FIRE movement and one of the greatest bull markets

During the last great bull market (80's and 90's), there was a similar movement. Actually, it was the same movement, without the cool name, nor the blogs. It was centered around the book "Your Money or Your Life" and involved people who chose deliberate frugality, saved and invested, and dropped ou...
by wolf359
Thu Oct 04, 2018 1:48 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13446

Re: Correlation between the FIRE movement and one of the greatest bull markets

During the last great bull market (80's and 90's), there was a similar movement. Actually, it was the same movement, without the cool name, nor the blogs. It was centered around the book "Your Money or Your Life" and involved people who chose deliberate frugality, saved and invested, and dropped out...
by wolf359
Thu Oct 04, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: A simple moving average timing model using stocks and treasuries
Replies: 36
Views: 2046

Re: A simple moving average timing model using stocks and treasuries

I've been fiddling around on Portfolio Visualizer with a simple timing model using two assets: U.S. stocks and U.S. intermediate treasuries. One model switches between 100% stocks and 100% IT using the 10 - month moving average for stocks. The other switches between 50% stocks/ 50% treasuries and 1...
by wolf359
Thu Oct 04, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: A simple moving average timing model using stocks and treasuries
Replies: 36
Views: 2046

Re: A simple moving average timing model using stocks and treasuries

I've been fiddling around on Portfolio Visualizer with a simple timing model using two assets: U.S. stocks and U.S. intermediate treasuries. One model switches between 100% stocks and 100% IT using the 10 - month moving average for stocks. The other switches between 50% stocks/ 50% treasuries and 1...
by wolf359
Wed Oct 03, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 122
Views: 8749

Re: Barron's Making the Case for Gold

There's always a case for gold. In fact, it should form the core of everyone's portfolio as a form of universal money -- just in case. 10% or so core holding in gold should be at the heart of any investor's assets. Please don't take this question the wrong way, but if gold is universal money, how e...
by wolf359
Wed Oct 03, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: Enjoying your money before retirement
Replies: 65
Views: 6246

Re: Enjoying your money before retirement

I contribute about 15% of my income into Retirement accounts. (Only Index funds!) We always hear about retirement accounts over and over. But I have been thinking; wouldn’t it be wise to contribute some small amount to a taxable account and invest in stocks there also? For example, let’s say 10% of...
by wolf359
Fri Sep 28, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Geico umbrella us dropping me. What can I do?
Replies: 37
Views: 5520

Re: Geico umbrella us dropping me. What can I do?

The lowest cost companies tend to drop you when you exceed a certain risk profile. It's not just accidents that will do it. That is how they're keeping the amount they're charging you low. Other companies will pick up the riskier customers, but they will charge more. You should be able to get covera...
by wolf359
Thu Sep 27, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 92
Views: 17256

Re: Why Edward Jones?

The fees for all these financial advisors are just ridiculous, and no personal service they give you can make up for the amount you're going to overpay over the course of an investing lifetime. I don't care if they offer tax and will services or free muffins in the lobby, I can get those way cheape...
by wolf359
Thu Sep 27, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7263

Re: Preparing for My First Recession?

Great point. This was my original thinking - I did not do a good job articulating in my original post. What worries me about a recession is that I may need to "realize" my losses if I lost my job, burn through EF, etc. Best ways to prepare for a market downturn: 1) Verify that your asset allocation...
by wolf359
Thu Sep 27, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2559

Re: Any reason to leave the 401(k) with previous employer open

I have an account from previous open with Fidelity that I have left open for the last 2+ years. I have a rollover IRA at Vanguard and a Roth. I have kept the 401(k) open for various reasons, for one I don't have a problem with investment choices in that account. It has a wide range of funds that ar...
by wolf359
Thu Sep 27, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Why don't I read about this strategy more? It seems reasonable and pretty straight forward.
Replies: 68
Views: 8518

Re: Why don't I read about this strategy more? It seems to beat everything else

Is there anyone I could hire to run scenarios for me? EG: $1k a week DCA with 100% into VOO if trend line is flat or upward then 100% to BND when trend line heads down for 3 months $1k a week DCA with 80% VOO and 20% BND when trend line is flat or upward then switch to 20% VOO and 80% BND Longest t...
by wolf359
Thu Sep 27, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 887

Re: Max % from non-spousal inherited IRA?

The IRS did not make up the rules for the benefit of the beneficiary. This is not a customer service model. This is a tax model. The goal of the IRS is to collect taxes. If you withdraw all the money at once, you get taxed at a higher rate. You're required to start RMDs right away, and you choose w...
by wolf359
Thu Sep 27, 2018 6:07 am
Forum: Investing - Help with Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 887

Re: Max % from non-spousal inherited IRA?

If you can just take all the money out whenever...then I don't understand why one of the options is to have It all out in a certain amount of time. It just doesn't seem to make any sense. The 5 year rule allows you to let the IRA to continue to grow without taking funds out for up 5 years if you wi...
by wolf359
Wed Sep 26, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Testing validity of Monte Carlo Simulators
Replies: 34
Views: 2127

Re: Testing validity of Monte Carlo Simulators

There's a computing concept called, "Garbage in, garbage out." If the assumptions you put in are flawed, then the simulation you build based on those assumptions are also flawed. You have no way of know if the assumptions are flawed until you live them. Black swan events that nobody could predict ca...
by wolf359
Wed Sep 26, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Switching to FIOS, frozen credit, thaw required?
Replies: 8
Views: 682

Re: Switching to FIOS, frozen credit, thaw required?

I have always filed the request first and then let the company send me a letter saying they couldn't process my request because they couldn't access my credit at XYZ credit bureau. Once I have the name of the credit bureau they use, I thaw it, call the number given on the letter and they do the cre...
by wolf359
Tue Sep 25, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: another chromebook or?
Replies: 13
Views: 1344

Re: another chromebook or?

To solve the printing problem, you need a printer that supports Google Cloud Print. Then the printer is attached to Google, and you can print from any Chrome browser or Chromebook device. As an alternative, you need to attach the printer to a PC that is running Chrome, and have that host the printer...
by wolf359
Tue Sep 25, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: What is the Purpose of Vanguard's "Transfer on Death" Form?
Replies: 3
Views: 534

Re: What is the Purpose of Vanguard's "Transfer on Death" Form?

It's for designating beneficiaries for your non-retirement accounts. Check out your other accounts to see if they have it. Many now do. It provides instructions to the institution for what to do with your assets if you pass. I am not a lawyer, so don't take this as legal advice. I believe it allows...
by wolf359
Tue Sep 25, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: New Facebook group for Vanguard investors!
Replies: 22
Views: 2160

Re: New Facebook group for Vanguard investors!

Sometimes when they announce things or you participate, you get a free coffee mug or other swag.
by wolf359
Tue Sep 25, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: DIYers Taking a Toll
Replies: 50
Views: 6522

Re: DIYers Taking a Toll

He warned me that anyone can do well with index investing in a bull market but when/if it changes indexers will get crushed. seems like your son still has a lot to learn. Not really. It's a mantra in the active trading side of the industry that active beats passive in a down market, so it's not sur...
by wolf359
Fri Sep 21, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Small cap tilt
Replies: 87
Views: 6028

Re: Small cap tilt

I realize this is probably the millionth small cap discussion on this forum, but I just wanted to see how many of you Bogleheads have a tilt towards small cap, whether it be a small cap index or small cap value. As for me, I'm not sure I completely buy the evidence that there is a small cap "premiu...
by wolf359
Fri Sep 21, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: 23 with 130k cash to invest in index funds need help [Australia]
Replies: 7
Views: 731

Re: 23 with 130k cash to invest in index funds need help [Australia]

There is a Vanguard Australia, which offers index funds there. https://www.vanguardinvestments.com.au/ ... mepage.jsp

I am American, so I don't know much about investing options from Australia.
by wolf359
Fri Sep 21, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9640

Re: Im going to die somewhere between Bankruptcy and $20 million

Inputs.... Age: 33 Current Savings: 750k Annual Savings: 58k Retirement Withdrawal: 60k Retire at 55 50/50 Allocation I made Stocks and Bonds both be -3% returns relative to their historical returns, due to all sorts of opinions that long term returns are expected to be lower than historical return...
by wolf359
Thu Sep 20, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life Insurance
Replies: 30
Views: 1747

Re: Whole Life vs Universal Life Insurance

My guess is that the insurance salesman looked at how much you could afford in payments, then pegged the amount he offered you based on that. Now you're comparing the cost of term insurance against the whole life/universal policies to achieve the same thing. You should analyze what your insurance re...
by wolf359
Thu Sep 20, 2018 7:00 pm
Forum: Personal Consumer Issues
Topic: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)
Replies: 36
Views: 2564

Re: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)

Our local animal shelter has designated it "Black Fur Day." All adoptions are free that day. Black Friday will be interesting this year. I'm curious what the impact of the tariffs will be. A lot of the loss leader products are Chinese (or at least non-US) in origin. The problem with Black Friday is ...
by wolf359
Thu Sep 20, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Would Stop Orders with ETFs protect against a downturn?
Replies: 21
Views: 1297

Re: Would Stop Orders with ETFs protect against a downturn?

Hi I am clearly not an experienced investor. I am looking for a way to get into the market, maximize potential growth and at the same time protect myself from possible/likely future downturns. I am liking the idea of ETFs as some seem to have good potential for growth, low fees and you can use Stop...
by wolf359
Thu Sep 20, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2083

Re: Paying off mortgage vs investing?

This is what I’m doing as well. Of course, the market could tank causing my sinking fund to yield less than the fixed rate of the mortgage but that’s a risk I’m willing to take to preserve liquidity If you're comparing the sinking fund to a 10-20 year timeframe that you would have just been pre-pay...
by wolf359
Thu Sep 20, 2018 10:53 am
Forum: Investing - Theory, News & General
Topic: Why are there so few long-term investors?
Replies: 18
Views: 2923

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

Long-term is a long time. Around my office, "long-term" investing means holding the asset long enough to qualify for long-term capital gains. That's 1 year. 5 years is considered a "really long time." When I introduce the concept of a minimum holding period of 10 years or more, they think I'm crazy...
by wolf359
Thu Sep 20, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2083

Re: Paying off mortgage vs investing?

Pre-paying a mortgage pros: - Savings on interest payments. Reduces total cost of ownership for the house. - Frees up cash flow after the house is PAID OFF. - Feels really good psychologically. It is much more difficult to go bankrupt if you don't owe anybody any money. - A mortgage is like a bond w...
by wolf359
Thu Sep 20, 2018 8:37 am
Forum: Investing - Theory, News & General
Topic: Are We Headed For A Passive Index Meltdown?
Replies: 60
Views: 9363

Re: Are We Headed For A Passive Index Meltdown?

Yes, it's true that we're all doomed if the market goes 100% passive. But it's also true that the market will never go 100% passive. The only real question is where the market share of active funds will settle. The key paragraph in that article for me was: Whether we’re dealing with causation or cor...