Search found 26929 matches

by dbr
Wed Jun 20, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Safe Growth Strategy
Replies: 9
Views: 711

Re: Safe Growth Strategy

Thanks for that information; something I wasn’t familiar with. Basically a zero sum hedge against inflation that preserves what you have along with the liquidity (which to me, means having access to it within a year). By safest, I guess my definition lies somewhere between not losing anything (whic...
by dbr
Wed Jun 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Safe Growth Strategy
Replies: 9
Views: 711

Re: Safe Growth Strategy

What would be the safest way to keep it liquid (want to travel), but still outgrow inflation? EFT’s, Bonds, CD, Annuity, etc. Too much info and advice out there to sort through. Thank you. This is one of those impossible propositions because it opposes one undefined and meaningless optimum (safest)...
by dbr
Wed Jun 20, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Considering adding VWALX; pros-cons
Replies: 6
Views: 519

Re: Considering adding VWALX; pros-cons

Add 5% to the stock side/allocation of your portfolio if you want to reach for more return. Stick with Int-Term Tax-Exempt in this rising interest rate environment. Thanks for the response. As I move into retirement I am looking to reduce my equity allocation currently at 65%; down to ~ 50-50 . The...
by dbr
Wed Jun 20, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Employer creating new role for my promotion, need help
Replies: 9
Views: 1333

Re: Employer creating new role for my promotion, need help

Just to clarify, the OP has an opportunity to play what appears to be a huge role in a very small company that does not have much of a defined hierarchy or job structure. I think all the usual concept that apply to Megacorp don't operate here. HR does not exist in the big company sense of the term. ...
by dbr
Wed Jun 20, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Stock Investments questions and advice?
Replies: 1
Views: 77

Re: Stock Investments questions and advice?

Hello all, I had a few questions about investments and also wanted to get some advice on just general things. I'm fairly new to this all. I'm currently reading a book called: "One up on Wall Street" to grasp the understanding of stocks. I hope the formatting is in the proper order as well. Question...
by dbr
Wed Jun 20, 2018 8:26 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 150
Views: 10434

Re: Which boglehead rule do you break--and are ok with

Difficult question since "Boglehead Rules" and general rules of investing often intersect. For example, is the general belief of paying off a mortgage prior to retirement a Boglehead or more generally accepted approach (Or both)? Who establishes what is or is not a Boglehead rule? Seems to me that ...
by dbr
Wed Jun 20, 2018 8:12 am
Forum: Investing - Help with Personal Investments
Topic: How do folks pull retirement income out of Wellesley?
Replies: 12
Views: 1803

Re: How do folks pull retirement income out of Wellesley?

The lower your tax bracket the less tax efficiency is an issue. The best evaluation is to fill out dummy tax returns for alternate investment holdings of similar overall return and risk using estimated distributions and compare the actual tax costs in dollars. Then you can decide if whatever differ...
by dbr
Tue Jun 19, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: rsu & iso [Restricted Stock Unit & Incentive Stock Option]
Replies: 12
Views: 702

Re: rsu & iso [Restricted Stock Unit & Incentive Stock Option]

An alternate situation that I experienced at a public company was annual ISO awards over an extended period of time but in perhaps modest amounts. Most people followed a strategy of exercise to sell a few months before the ten year expiration. Basically it was just holding a rolling ten year portfol...
by dbr
Tue Jun 19, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Could somebody explain this to me please?
Replies: 3
Views: 887

Re: Could somebody explain this to me please?

I'm not sure what you mean by a "total bond" AA. If you mean a holding of a diversified collection of bonds such as Vanguard Total Bond Market Index Fund, then no, this fund is not like that. If you mean can a stable value fund like this be part of the low risk or "fixed income" portion of a portfol...
by dbr
Tue Jun 19, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Literacy...
Replies: 9
Views: 878

Re: Financial Literacy...

In this day of the internet a lot of basic information is at your fingertips by going to Google and looking things up. For example: https://en.wikipedia.org/wiki/401(k) Already in the second paragraph of the introduction there are links to some of the other kinds of tax preferred accounts. If you co...
by dbr
Tue Jun 19, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you think it is smart to disclose that you have passive investments to other people?
Replies: 43
Views: 4038

Re: Do you think it is smart to disclose that you have passive investments to other people?

Thank you guys for your responses. I can see the potential downsides and that it would be better just building trust/loyalty by focusing on what makes you serve your clients best. Have you decided yet on whether to attend med school, MBA or take a year or more to work in a few related areas? Yes, I...
by dbr
Tue Jun 19, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

gundlached wrote:
Tue Jun 19, 2018 11:20 am
Sounds like more of a folksy buffett-ism than an investment strategy.
Yes, that is the whole point. The real problem is in someone trying to figure out how that can be an investment strategy when it obviously can't be.
by dbr
Tue Jun 19, 2018 11:21 am
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 28
Views: 2694

Re: Article on hotel booking sites - no bargains

On occasion you may get a better deal by booking direct with the hotel. That is, if the price is already better. It is highly unlikely that a desk clerk who answers your call will have the power to actually give you a better price than the rate he sees pop up on his screen. Perhaps it will work at ...
by dbr
Tue Jun 19, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: How do folks pull retirement income out of Wellesley?
Replies: 12
Views: 1803

Re: How do folks pull retirement income out of Wellesley?

The lower your tax bracket the less tax efficiency is an issue. The best evaluation is to fill out dummy tax returns for alternate investment holdings of similar overall return and risk using estimated distributions and compare the actual tax costs in dollars. Then you can decide if whatever differe...
by dbr
Tue Jun 19, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Do you have to invest in Bond ETF?
Replies: 7
Views: 799

Re: Do you have to invest in Bond ETF?

Currently I'm buying VOO and VTI. Is it an okay decision to hold on to these two funds for 30 years? I'm 21 years old and plan to ride out the market but don't want to jeopardize my asset growth by investing in the total bond market etf or something like that. Aside from the previous comments, one ...
by dbr
Tue Jun 19, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Asset Location question – Mimicking Asset Allocation in 401k and taxable
Replies: 14
Views: 338

Re: Asset Location question – Mimicking Asset Allocation in 401k and taxable

With multiple accounts, I use the tools I described in this thread to show my overall asset allocation: https://www.bogleheads.org/forum/viewtopic.php?t=150267 so I don't make each account have the same asset allocation, but really only look at the overall total portfolio asset allocation. To anybo...
by dbr
Tue Jun 19, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Asset Location question – Mimicking Asset Allocation in 401k and taxable
Replies: 14
Views: 338

Re: Asset Location question – Mimicking Asset Allocation in 401k and taxable

If by smooth the portfolio you mean keep it properly at desired asset allocation, then I agree it can be helpful to have assets you need in tax deferred accounts to rebalance without capital gains taxes. The usual result of tax location advice is to keep all of one's bonds in tax deferred but that d...
by dbr
Tue Jun 19, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 28
Views: 2694

Re: Article on hotel booking sites - no bargains

We always book with the location as near as possible, usually the B&B variety. Strangely enough our best finds recently have come from identifying offerings labelled on Google Maps of the area we want to be in. That gives you a head start on being in the location you want.
by dbr
Tue Jun 19, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing With Healthcare $$ Concerns
Replies: 10
Views: 748

Re: Retirement Investing With Healthcare $$ Concerns

I don't think the advice from the second advisor to put everything in cash is logical. The flaw is that a medical cost catastrophe for you that would destroy your assets in the event of a market downturn would also destroy your investment assets without a downturn. In short altering your asset alloc...
by dbr
Tue Jun 19, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 19
Views: 856

Re: Morgan Stanley Target date portfolios?

I asked for a list of index funds. He came back with this: "I would suggest that the average net expense ratio of 0.65% or 0.64% is very reasonable and cost effective for a combination of active and passive managers, and a diversified portfolio. Combine that with the 0.72% advisory fee (Morgan Stan...
by dbr
Tue Jun 19, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Stock/Bond/??? allocations during Retirement
Replies: 5
Views: 849

Re: Stock/Bond/??? allocations during Retirement

The thought is that bonds don't have "juice" to offset losses or gains in stocks. A better image is that bonds dilute the volatility of stocks by blending volatile stocks with not very volatile bonds. The theory here is that portfolios are described by the two properties of expected return and expec...
by dbr
Tue Jun 19, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Carpet Installers- Tipping?
Replies: 20
Views: 1120

Re: Carpet Installers- Tipping?

I have a tendency to tip roofers, installers, etc., meaning the actual guys that do the work. I guess $20 a person at the end of the day for work that takes all day or a couple of days. It it is a one hour job probably not. My experience is that it has always seemed to be genuinely appreciated. I do...
by dbr
Tue Jun 19, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment Help
Replies: 10
Views: 800

Re: Taxable Investment Help

Out of curiosity, is there any other funds I should be looking at or any other suggestions you may have? I have seen VGTSX mentioned for additional international exposure as well. If not, I will just split it in VTSAX and VBTLX as recommended above. VGTSX is Total International Stock Index fund. Th...
by dbr
Tue Jun 19, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: CD or Bonds?
Replies: 6
Views: 701

Re: CD or Bonds?

Apples vs Oranges. Think of it this way. Different types of "fixed" whether CD's, Treasuries, Bonds, Bond Funds, etc, have varying degrees of: 1 Liquidity (CD/Treasury/Bond locked in per term vs Bond Fund) 2 Security of Principal 3 Volatility So each serves a purpose and has a different place (thou...
by dbr
Tue Jun 19, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 19
Views: 856

Re: Morgan Stanley Target date portfolios?

Yes, so I do work for a VERY small, family-owned company. HR (which is actually the senior accountant) said to call Morgan Stanley and gave me contact info. I asked for a list of index funds. He came back with this: Yes, this is the heart of the problem. Classically bad 401k's are often associated ...
by dbr
Tue Jun 19, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: Mutual Fund Dividends
Replies: 12
Views: 1001

Re: Mutual Fund Dividends

I suppose one could back up one step and ask how effectively the companies whose stock is held by the fund manage the cash flow required to pay the dividends. The picture would involve the same issues already described except that for corporate operations cash flow probably dwarfs assets compared to...
by dbr
Tue Jun 19, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: CD or Bonds?
Replies: 6
Views: 701

Re: CD or Bonds?

Neither is categorically better than the other. For the long term investor in stocks and bonds intermediate term bond funds are just fine and don't worry about "performance over the last few years" (whatever you mean by that anyway). For that same investor attention should be focused on the overall ...
by dbr
Tue Jun 19, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

nisiprius, i think your criticism/attacks on buffett are unfair and uncalled for. he is one of the greatest investors and capital allocators of all time. he has gone above and beyond just about any other executive or fund manager in teaching others and describing the inner workings of Berkshire thr...
by dbr
Tue Jun 19, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 19
Views: 856

Re: Morgan Stanley Target date portfolios?

In addition, something just doesn't sound right about you being told that "thousands" of funds are available. That may be true via the probably-extra-fee items #2 or #3 above, but it shouldn't be true of item #1 basic 401(k) menu of options. I wonder what the answer would be if you asked them if th...
by dbr
Mon Jun 18, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 19
Views: 856

Re: Morgan Stanley Target date portfolios?

It is absolutely unacceptable that they can't or won't tell you how the fund is allocated. That actually doesn't even make any sense. Does the fund profile and/or the prospectus really contain no information? What does the rep at MS say exactly when you ask him for a description of the allocation of...
by dbr
Mon Jun 18, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable Investment Help
Replies: 10
Views: 800

Re: Taxable Investment Help

You can put the money in VTSAX and when you sell it you can sell some bonds in your tax deferred account and buy VTSAX there.
by dbr
Mon Jun 18, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: SEC Yield vs Distribution Yield
Replies: 11
Views: 17689

Re: SEC Yield vs Distribution Yield

First of all you can't compare tax exempt yields directly to taxable yields unless there is no tax for you, in which case most people would not buy a tax exempt fund. Secondly I wouldn't use either fund for a period of two years if you really mean you want the money back exactly in two years pretty ...
by dbr
Mon Jun 18, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: How do folks pull retirement income out of Wellesley?
Replies: 12
Views: 1803

Re: How do folks pull retirement income out of Wellesley?

I don't own Wellesley, but the above replies are pretty much the system. If the holding is in a taxable account then normally one just directs the distributions to some settlement fund or directly to one's checking account or whatever and ultimately they are spent. If one want to withdraw more one s...
by dbr
Mon Jun 18, 2018 2:31 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

I'm not so willing to entirely discount anything WB attaches importance to, and he repeats this 'rule' with gusto in the recent biographic documentary. In simpler terms, I think he meant to be "risk averse", (rather than "loss averse"). The latter term is the more common understanding of the words ...
by dbr
Mon Jun 18, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Analysis & Incorporating Excess Cash
Replies: 6
Views: 591

Re: Portfolio Analysis & Incorporating Excess Cash

i [*] My company is currently going through a buyout, and this will be bringing in a small windfall as noted at the very end of the snapshot below. What would you do with this and/or the monthly excess cash mentioned above? Taxable account? Real estate? Bermuda? In general as access to wealth comes...
by dbr
Mon Jun 18, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

I don't like that Wiki article because it makes the wrong points and buries the more important concept deep in the article in such a way that the idea is not clear and hard to find. The best thing about a wiki is that if you think an article can and should be improved, you are able to make that hap...
by dbr
Mon Jun 18, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: Should I take possession of a certified mail?
Replies: 151
Views: 15964

Re: Should I take possession of a certified mail?

There seem to be several posts here promoting the idea that if you refuse the letter, you absolve yourself of the contents of the letter. As if ignorance of the circumstances = free from circumstances. That seems fairly far fetched to me. Are there any lawyers willing to provide chapter/verse citin...
by dbr
Mon Jun 18, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

... Usually "never lose money" boils down to preservation of capital and simple mathematics: A 50% loss requires a 100% gain just to break even. A 30% loss requires a 42.86% gain to break even. A 10% loss requires only a 11.11% gain to break even. ... If I may help clarify for anybody who comes acr...
by dbr
Mon Jun 18, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Bill Bernstein's 8:4:5:3 ratio
Replies: 21
Views: 2608

Re: Bill Bernstein's 8:4:5:3 ratio

Yes, it suggests that if one is going to put forward arbitrary set of numbers that don't have a sound rationale for being exactly what they are, A megacorp where I once worked had an employee benefit that involved some free financial planning advice from a 3rd party firm that had no stake in what i...
by dbr
Mon Jun 18, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

Obviously Buffett violates his own rules on a recurring basis. Usually "never lose money" boils down to preservation of capital and simple mathematics: A 50% loss requires a 100% gain just to break even. A 30% loss requires a 42.86% gain to break even. A 10% loss requires only a 11.11% gain to brea...
by dbr
Mon Jun 18, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

... Usually "never lose money" boils down to preservation of capital and simple mathematics: A 50% loss requires a 100% gain just to break even. A 30% loss requires a 42.86% gain to break even. A 10% loss requires only a 11.11% gain to break even. ... If I may help clarify for anybody who comes acr...
by dbr
Mon Jun 18, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 64
Views: 4823

Re: What does it mean: Rule No. 1: Never lose money

Mantras like that are useless for investing. We don't even know what it really means. Actually it doesn't mean anything. I have no idea what Mr. Buffett had in mind at the time he said that. The man is an astute investor, so I assume what he had in mind makes sense, but what that sense is, I have no...
by dbr
Mon Jun 18, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Risk and Reward
Replies: 10
Views: 611

Re: Revisiting Risk and Reward

Nice analysis, siamond. Always enjoy your work and appreciate your sharing it on the Forum. Your article had this essential message, from my perspective: Keeping a significant engine of growth in one’s portfolio should definitely matter for most retirees. How much stock exposure to select has to be...
by dbr
Mon Jun 18, 2018 1:34 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Risk and Reward
Replies: 10
Views: 611

Re: Revisiting Risk and Reward

Good job. This should probably be an article in the Wiki. It is well enough done that the content is probably ready to go. The one comment, really actually positive, but could be taken as negative and shouldn't, is that these results have been well evident for a long time to anyone that would look. ...
by dbr
Mon Jun 18, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash earmarked for house & business plans 2-5 years out
Replies: 2
Views: 292

Re: What to do with cash earmarked for house & business plans 2-5 years out

More return means more risk and more uncertainty in planning means more risk whether in opportunity cost or in the realization of bad outcomes. The general answer is that there is no solution to this dilemma. It is just a matter of making choices. I personally would be content with lower returns and...
by dbr
Mon Jun 18, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5030

Re: A vehicle that "sits up" but can't afford CRV

Last time I looked I'm not a short older woman. I think lots of people prefer the higher driving position in SUVs. It's a visibility thing. I also like being able to enter and exit without bending over or grabbing the pillars to haul myself out. Since moving to an SUV several years ago, I can't ima...
by dbr
Mon Jun 18, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Balanced Index Fund Admiral Shares (VBIAX)
Replies: 22
Views: 1896

Re: Vanguard Balanced Index Fund Admiral Shares (VBIAX)

^ Nothing beats actually looking at what is going to happen for a plan that makes sense to the investor.
by dbr
Mon Jun 18, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: rsu & iso [Restricted Stock Unit & Incentive Stock Option]
Replies: 12
Views: 702

Re: rsu & iso [Restricted Stock Unit & Incentive Stock Option]

I would tend to follow the rule of not putting outside cash into company stock for any hoped for tax reduction. It is one thing to not optimize the leverage on an ISO but another thing to lose real money holding company stock. One issue is the relative magnitude. If ISO is a dribble of regular incom...
by dbr
Mon Jun 18, 2018 11:48 am
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5030

Re: A vehicle that "sits up" but can't afford CRV

Amusing how all the people who seem to be obsessed with sitting up high always seem to be tailgaters. They feel the need to "see over" the vehicles in front of them because they're so close that the vehicle in front would otherwise comprise a good 1/3 of their total visual area. Maintaining a safe ...
by dbr
Mon Jun 18, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Bill Bernstein's 8:4:5:3 ratio
Replies: 21
Views: 2608

Re: Bill Bernstein's 8:4:5:3 ratio

WildBill wrote:
Mon Jun 18, 2018 11:08 am
Howdy

I of course follow the historically sound and mathematically proven “square number” asset allocation strategy.

Equities 64%, 8x8

Fixed income 36%, 6x6

Foreign equities 25% of equity allocation, of course 5x5

Happy numerology :moneybag 8-)

W B
Cool. Thank you so much.