Search found 26132 matches

by dbr
Wed Apr 25, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: Balanced Funds Capturing Large Percentage of Stock Market Return
Replies: 11
Views: 803

Re: Balanced Funds Capturing Large Percentage of Stock Market Return

Strangely enough the expected return captured by a fund that is x% stocks is x% of the stock market return. The remaining (1-x)% that is in bonds captures (1-x)% of the bond return. What happens to the variability of return can be more interesting in some cases. This may also have an effect on compo...
by dbr
Wed Apr 25, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5189

Re: Bloomberg article on lump sum vs dollar cost averaging

It might be a reminder that the original and probably only literally correct meaning of the term dollar cost averaging was to invest a fixed amount of dollars periodically as money became available perhaps from a paycheck. I don't think that is true at all. The DCA vs. lump sum was the original, an...
by dbr
Wed Apr 25, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: “Gradually simplify” your portfolio, or all at once?
Replies: 13
Views: 788

Re: “Gradually simplify” your portfolio, or all at once?

There have been some complaints of brokers or banks, well Vanguard for one, confusing multiple transactions with each other. Sometime it is wise to do things one at a time and make sure everything is settled before moving on.
by dbr
Wed Apr 25, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 33
Views: 1717

Re: How did you tell the boss you're leaving/retiring?

I still want to know why the boss would be volatile about this. It sounds like a relationship issue rather than a general employment issue.
by dbr
Wed Apr 25, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5189

Re: Bloomberg article on lump sum vs dollar cost averaging

I DCA out of necessity: This isn't an issue for many of the posters here, but I'm only a few years into my career and I don't yet have a level of income above my expenses in my HCOL area that allows me the ability to comfortably lump sum each January all that I'll be investing that year. I'd certai...
by dbr
Wed Apr 25, 2018 6:08 pm
Forum: Personal Consumer Issues
Topic: How did you tell the boss you're leaving/retiring?
Replies: 33
Views: 1717

Re: How did you tell the boss you're leaving/retiring?

Where I worked retirement was a normal event. As another person mentioned HR usually wanted a couple of months to process things. You could start the process online at HR and your boss would not find out until the check off sheets they needed to fill out appeared on their desk, but I never heard of ...
by dbr
Wed Apr 25, 2018 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 30
Views: 1911

Re: Do I have 3 different investment horizons when planning for retirement?

Regardless of what makes anybody feel better thinking of it as, one owns the totality of what one owns. Cash for three years, bonds for five more years, and a, say, 70/30 portfolio for beyond eight years is still the total portfolio. Thinking of parts as if they are different does not change the to...
by dbr
Wed Apr 25, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help with a managed portfolio from J.P. Morgan
Replies: 2
Views: 217

Re: Help with a managed portfolio from J.P. Morgan

If you really want to use this money in 1-3 years your should take it all out of JPM and put it in CDs at a bank. You can't get better than CD return for what you want to do. Maybe you should just be in a savings account, one year you say. You haven't even mentioned what this is costing you in fees....
by dbr
Wed Apr 25, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 30
Views: 1911

Re: Do I have 3 different investment horizons when planning for retirement?

Then I've got a 10-40 year horizon after I reach 70. Your chances of having a 40 year investment horizon at age 70 is far less than 1/10 of 1%. :wink: BobK Unless he has a special-needs child, a 20-year-old spouse, or some other post-death requirement... :happy I treat this as two questions, genera...
by dbr
Wed Apr 25, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard customer experience
Replies: 22
Views: 1948

Re: Vanguard customer experience

Yes and Yes. I wanted advice what to move from Roth IRA accounts, Traditional IRA accounts, 403b accounts, and Taxable accounts to satisfy new 3-fund AA mix of domestic/international stocks and bonds. Simple math for some, perhaps. :happy I think that my expectation would be that if all the account...
by dbr
Wed Apr 25, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 41
Views: 3410

Re: Another Warren Buffett S&P 500 Recommendation

Yes I know that he has already donated the bulk of his wealth. A remaining fraction however will be passed on to his wife. This fraction will be allocated 90/10 S&P500 to treasuries, correct? So now I try to figure out his reasining behind this asset allocation. And my guess is, that he doesn´t cou...
by dbr
Wed Apr 25, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 34
Views: 3333

Re: Unprecedented Event

OP, what action are you recommending we take? Well, I don't have any recommendations, especially after reading several of the replies. I originally wondered if there was anything that 100%ers feared, but I'm now convinced these deep risks are not something having only 60% in stock would help. So, t...
by dbr
Wed Apr 25, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Another Warren Buffett S&P 500 Recommendation
Replies: 41
Views: 3410

Re: Another Warren Buffett S&P 500 Recommendation

Historically, the 90/10 allocation has one of the lowest failure rates with a 4% SWR: https://www.investopedia.com/articles/personal-finance/121815/buffetts-9010-asset-allocation-sound.asp It is indeed true that SWR studies do not prove that high stock allocations are risky to retirement income. Ho...
by dbr
Wed Apr 25, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 30
Views: 1806

Re: How to be a good executor to family

I'm not the OP, but I do have a related question: How transparent should you be on bad news, and how? For example, if I'm deciding person A gets something that person A and B both want, is it fair to send a single email including both with your reasoning, which may not resonate well with person B (...
by dbr
Wed Apr 25, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: New 34, Bogle convert wanting to make sure I don’t screw up 401k
Replies: 12
Views: 633

Re: New 34, Bogle convert wanting to make sure I don’t screw up 401k

Bogleheads, thanks in advance. I just finished the book and wanted to jump in and make some changes to my investments. While I get up the courage to fire my broker, I at least want to make some changes to my 401k- but I’m trepidatious about making the wrong moves. I want to go with 35% or more in b...
by dbr
Wed Apr 25, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 34
Views: 3333

Re: Unprecedented Event

Dr. Bernstein was one of the first authors I read when I started educating myself about investing. He tends to have a pretty pessimistic outlook, so whenever I catch myself feeling too good about things I reread a little of his stuff. I think his business caters to people an order of magnitude weal...
by dbr
Wed Apr 25, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard customer experience
Replies: 22
Views: 1948

Re: Vanguard customer experience

I was chagrined with the lack of help I received yesterday from a Vanguard CFP during a scheduled phone conference. I was looking to rebalance my portfolio to the 3-Fund model suggested by Taylor Larimore. The CFP was pushing for a 4-fund model to include International Bonds and a larger percentage...
by dbr
Wed Apr 25, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: Unprecedented Event
Replies: 34
Views: 3333

Re: Unprecedented Event

What does it mean to "believe in" a risk? But, yes, I think it is fundamental that one does not rely 100% on a single resource for all of anything that is important. And the narrower, meaning less diversified, the resource the less one would rely on it. Note, however, that in times of unprecedented ...
by dbr
Wed Apr 25, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Do I have 3 different investment horizons when planning for retirement?
Replies: 30
Views: 1911

Re: Do I have 3 different investment horizons when planning for retirement?

No matter how you divide up your assets and assign them to certain liabilities the end result is still the grand total of what you have to start, what you withdraw when, and what the assets return in the meantime. The relationship between risk, return, withdrawal, and trajectory of wealth over time ...
by dbr
Wed Apr 25, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3346

Re: [Vanguard account locked out due to deceased owner]

tadamsmar wrote:
Wed Apr 25, 2018 8:13 am
dbr wrote:
Wed Apr 25, 2018 7:59 am
Isn't putting the will in the safe deposit box a known Catch 22?
We keep ours in a safe deposit box. Two of our adult kids (one is the executor) are listed on the lock box signature card at the bank as having access.
See Heartwood's post above. Apparently it can happen.
by dbr
Wed Apr 25, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3346

Re: [Vanguard account locked out due to deceased owner]

Isn't putting the will in the safe deposit box a known Catch 22?
by dbr
Wed Apr 25, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: Is there any app/software that neatly tells you daily gains/losses?
Replies: 11
Views: 793

Re: Is there any app/software that neatly tells you daily gains/losses?

If you want to be sure what you are seeing and present it the way you want it, then writing your own spreadsheet and looking into whatever commands or macros are working these days to download quotes would do it. Even in that case some data would have to be loaded manually considering the wide array...
by dbr
Tue Apr 24, 2018 7:52 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on lump sum vs dollar cost averaging
Replies: 79
Views: 5189

Re: Bloomberg article on lump sum vs dollar cost averaging

It is basic. Lump sum is about 2/3 better in normal times. It would be even more of an advantage after a severe market drop. Its advantage is likely to be less than it is in normal times if the market is at historic high valuations. There is no guarantees that either approach will be a winner going...
by dbr
Tue Apr 24, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise :(
Replies: 45
Views: 6383

Re: Ameriprise :(

And people wonder when one warns that seeking a financial advisor may be a really, really bad idea.
by dbr
Tue Apr 24, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Income investing in Taxable
Replies: 17
Views: 930

Re: Income investing in Taxable

Someone who is not financially literate might panic when the value of the account drops as rates rise. I was thinking the same thing. Need some empathy on the OP's question. What most of us here would do and what the op's family member might be comfortable with are probably 2 very different things....
by dbr
Tue Apr 24, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Income investing in Taxable
Replies: 17
Views: 930

Re: Income investing in Taxable

montanagirl wrote:
Tue Apr 24, 2018 4:43 pm
Mike Scott wrote:
Tue Apr 24, 2018 4:38 pm
You might check out the Vanguard Tax Managed Balanced Fund.
I was thinking about that one for my rmd next year, but is the tax managed part really necessary if one is in the zero tax bracket?
No, it is mainly about using munis instead of regular bonds, as far as I know.
by dbr
Tue Apr 24, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 59
Views: 3346

Re: Customer Service with Vanguard

As far as I know that is what is supposed to happen when someone dies unless or until you establish yourself as executor of the estate or as a beneficiary TOD/POD or it was a joint account. No other broker is going to be different.
by dbr
Tue Apr 24, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Income investing in Taxable
Replies: 17
Views: 930

Re: Income investing in Taxable

I believe Vanguard as most other brokers will arrange to distribute any arbitrary regular amount from a holding. That does not have to be related to dividend and capital gains distributions and is still set it and forget it from the point of view of the investor. A difference is that the disbursemen...
by dbr
Tue Apr 24, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.
Replies: 28
Views: 2429

Re: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.

I would hate to pay the fee. I would buy gift cards for places I go frequently. Grocery stores, gas station, restaurants, retail stores, etc. One interesting thing I haven't fully explored is overpaying things you can for free like cable or Internet. If the required spend is, for example, $4000 or ...
by dbr
Tue Apr 24, 2018 10:39 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8286

Re: NYT article: Everyone should hire a financial planner

Instead of stating that "everyone should hire a financial planner," New York Times should have stated that "everyone should use the Bogleheads Forum" in the following order: 1. Taylor's 3-fund portfolio... Perhaps a question for another thread, but why not a Target Date fund rather than the 3-fund ...
by dbr
Tue Apr 24, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2533

Re: Dividend fund in taxable account during retirement, yea or nay?

People often get confused when talking about dividends for mutual funds vs individual companies. The concepts between the two are very similar but it is easier to think about for mutual funds. For a mutual fund dividends accrue over time as the underlying companies pay their dividends to the mutual...
by dbr
Tue Apr 24, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8286

Re: NYT article: Everyone should hire a financial planner

No matter how smart you are, it is prudent to get a check-up periodically. Circumstances change. Judgement deteriorates with age in most people. To pretend otherwise is, at best, arrogance, and at worst, dangerous. Check-in with an expert every 5 or so years. Pat yourself on the back when you find ...
by dbr
Tue Apr 24, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.
Replies: 28
Views: 2429

Re: Smart or Stupid? Paying taxes with credit card to satisfy minimum spending requirements.

I would not do it. It's cost you money to pay your taxes. I would find other spending options that don't cost you to charge. I would buy everything else on CC (Food/dining, gas, utilities,charitable giving). I would think you could spend $1000/mo without much effort. You may need to move some charg...
by dbr
Tue Apr 24, 2018 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2533

Re: Dividend fund in taxable account during retirement, yea or nay?

If you were in retirement, had a lump sum to invest in a taxable account (in the US portion of a three fund portfolio) and would only need income equal to the amount of dividends that VHYDX happens to provide, would you invest in VHYDX, invest in VTSMX, invest in both or do something different? I p...
by dbr
Tue Apr 24, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 5895

Re: Structuring Newlywed Finances for Fairness and Less Arguments

From each according to his/her ability; to each according to his/her need. (Except need really means want, and therein lies the rub.)

The bottom line is that a lot of people just shouldn't be married to each other, or of they are, they need to learn to like it.
by dbr
Tue Apr 24, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2533

Re: Dividend fund in taxable account during retirement, yea or nay?

Welcome, However, what is the forums opinion regarding investing a lump sum (windfall) in VHYDX during retirement, in a taxable account, if the dividends are equal to the amount one wishes to withdraw annually? Could this possibly be a good position in the event of a market downturn, which might ma...
by dbr
Mon Apr 23, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend fund in taxable account during retirement, yea or nay?
Replies: 33
Views: 2533

Re: Dividend fund in taxable account during retirement, yea or nay?

keepingitsimple wrote:
Sun Apr 22, 2018 7:42 pm

Thanks in advance to all for taking time to read and share your thoughts and opinions.
I can save you waiting for replies to come in by referring you to the results of this search:

https://www.google.com/search?sitesearc ... =dividends
by dbr
Mon Apr 23, 2018 4:46 pm
Forum: Investing - Help with Personal Investments
Topic: Spreading Bond Safety to Taxable [Portfolio help]
Replies: 12
Views: 903

Re: Spreading Bond Safety to Taxable [Portfolio help]

Hi all, thanks for the detailed explanations! Very helpful. You do not need a tax-exempt bond fund in the 24% bracket. I would use one when you get to the 32% tax bracket. One question on this -- I did a tax equivalent yield calculator and with a 24% federal bracket and a 6.65% NY state bracket, if...
by dbr
Mon Apr 23, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 157
Views: 9586

Re: BH travel tips?

I frequently wished that I had a compass in cities, but was not familiar with the concept of button compasses. On Amazon they have more sophisticated ones for $8 and above, and cheap ones selling 10 for $10. Which one do you use? I've had a little one that, IIRC, cost about $5 a number of years ago...
by dbr
Sun Apr 22, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy for Use of Restricted Stock Units
Replies: 18
Views: 1172

Re: Strategy for Use of Restricted Stock Units

I hope people are clear that you are taxed on the full value of the RSU when it vests no matter when you sell the stock now or later. The LT/ST thing applies to any additional change in value after vesting.

It isn't even a discussion that one sells as soon as one owns the shares.
by dbr
Sun Apr 22, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 26
Views: 1967

Re: Financial planners [looking for one]

Most of the posts in this thread are about how to get around using a financial planner to determine your specific allocations and/or funds in your portfolio, and I recently ALSO used the free part of Vanguard's advisory service to simply down to an approx. 3 fund portfolio (from one that had far to...
by dbr
Sun Apr 22, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Boglehead Philosophy Open To Change?
Replies: 197
Views: 8357

Re: Boglehead Philosophy Open To Change?

It's easy for Bogleheads to feel like investing gurus but it is not the only way to invest and may not necessarily be the best way to invest in the future. Like they've got it all figured out and now they know everything. (Or at least this is how I feel sometimes when helping people with investing)...
by dbr
Sun Apr 22, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2137
Views: 1312613

Re: "A successful index fund investor goes through four phases"

Bogleheads: Rick Ferri recently made a post which Three-Fund Portfolio investors will appreciate: A successful index fund investor goes through four phases: 1) Darkness - takes advice from everyone; 2) Enlightenment - realizes a market return is superior to their return; 3) Complexity - overdoing e...
by dbr
Sat Apr 21, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing
Replies: 8
Views: 563

Re: New to Investing

(3) I automatically reinvest all dividends in my 401K and will do so for the IRA account I will soon open. However, I’d like to know what the best practices are for tax efficiency purposes (and capital gains purposes too), as to reinvesting dividends into your portfolio as opposed to keeping it as ...
by dbr
Sat Apr 21, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds beat stocks ?
Replies: 10
Views: 859

Re: Bonds beat stocks ?

Must we not define types of bonds? There are different types of stocks too - large cap vs. small cap, domestic vs. international etc... but I still think the spectrum of "riskiness" in types of bonds is greater than the spectrum of "riskiness" in stocks. For example: short-term treasuries vs. long-...
by dbr
Sat Apr 21, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 8286

Re: NYT article: Everyone should hire a financial planner

Many here are viewing the advisor as a salesman of financial products. Advisor should only advise and manage the account. There should be 3 separate entities. 1. The advisor 2. The investment funds themselves 3. The holder of the accounts. For example, I have an independent fiduciary advisor who ha...
by dbr
Sat Apr 21, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Want to be 100% in stock index funds ,
Replies: 31
Views: 2792

Re: Want to be 100% in stock index funds ,

Somebody here probably knows the statistics on the likelihood of bonds vs. stocks outperforming on a 5-year time horizon. Generally, stocks are higher expected value , but over a 5-year period, pretty much anything can happen in stocks. It's probably better to look at that decision as a coin flip o...
by dbr
Sat Apr 21, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Take tax losses now or wait??
Replies: 8
Views: 846

Re: Take tax losses now or wait??

Unless I am missing something realizing a LT loss to offset a realized ST gain in a year would be a no-brainer. If further losses accrue you can realize those too, and if the position regains you will be glad you did not miss the opportunity. This assumes the loss/gain choices are in a long term hol...
by dbr
Sat Apr 21, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Uncertain what to do about trust distribution
Replies: 7
Views: 704

Re: Uncertain what to do about trust distribution

It is usually a bad idea to mess around with asset allocation because you are nervous about current conditions. When you first decided on that allocation the idea was supposed to be that you would stick with it. However, it is fair that if circumstances change, such as one has much more wealth than ...