Search found 24721 matches

by dbr
Tue Jan 16, 2018 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Market
Replies: 11
Views: 745

Re: Bond Market

How important is it to you what the return on bonds is? Are your holding almost all your money in bonds and have some pending obligations that involve disaster if you fall a bit short due to even minimal losses in bonds? In that case I think it is legitimate to be concerned. Or --- are you a holder ...
by dbr
Tue Jan 16, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1172

Re: Vanguard account change

It just so frustrating that Vanguard's process requires so much work for a survivor. I have for years done things like set up automated transfers from Vanguard to banks with much care so that they would provide needed funds if I would die and now my wife will have to do all the work over or I might...
by dbr
Tue Jan 16, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: Is lump sum or dollar cost averaging more in line with boglehead values?
Replies: 16
Views: 834

Re: Is lump sum or dollar cost averaging more in line with boglehead values?

. . . it seems like one is taking higher risk in this scenario. Of course. Why the bleep :happy are you putting that money in the market if it isn't to take the risk? This illustrates how questions about DCA are really questions about the asset allocation -- how much risk one is deciding to take. A...
by dbr
Tue Jan 16, 2018 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 15
Views: 1052

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Also, investment management, which is where rebalancing falls, is not the same as investment advice. Management should not be very expensive.
by dbr
Tue Jan 16, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 3136

Re: Understanding the Great Recession Impact

Someone may be confusing stock at a discount in a 401k with stock at a discount in an ESPP, which is not tax deferred investing.
by dbr
Tue Jan 16, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications of rebalancing
Replies: 7
Views: 473

Re: Tax implications of rebalancing

I may need $200,000 of my taxable money to buy a property this year if what I want becomes available. That's why I want to get it into something safer than stocks. I know the Wellesley fund can lose money too, and it's not tax efficient, but it feels safer than the Total Stock Market. If stocks are...
by dbr
Tue Jan 16, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: retirement scenario [safety of IRA funds]
Replies: 17
Views: 1357

Re: retirement scenario [safety of IRA funds]

total net worth as of today is $733k $248K is cash and $484k is investments (TSP, 401k roth ira, rollover ira, Ameritrade) of the 484k i want to move 380k of it to a safe place more for a guarantee for when i am 60. i plan on retiring at 53, i do not own a home. i will be moving over to Thailand at...
by dbr
Tue Jan 16, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: ThomasPartners Dividend Growth Question.
Replies: 14
Views: 1443

Re: ThomasPartners Dividend Growth Question.

I assumed Thomas Partners was a mutual fund, but can't find a ticker. Maybe it just a stock account. The following is interesting, and makes me wonder exactly what the total fees really are. Note too that returns are listed back to 2003, but Schwab did not partner up with Thomas until 2013. Additio...
by dbr
Tue Jan 16, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: ThomasPartners Dividend Growth Question.
Replies: 14
Views: 1443

Re: ThomasPartners Dividend Growth Question.

Anyone who can actually figure out a strategy that is better than total market investing should find it child's play to manage that strategy. There should be plenty of ways to do so without paying 1% costs for active funds of some kind.
by dbr
Tue Jan 16, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3486

Re: Diversification is for idiots...

As stated by William Bernstein, author of The Four Pillars of Investing, ...concentrating your portfolio in a few stocks maximizes your chances of getting rich. Unfortunately, it also maximizes your chance of becoming poor. Owning the whole market—indexing—minimizes your chances of both outcomes by...
by dbr
Tue Jan 16, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Reason for Power of Attorney?
Replies: 12
Views: 818

Re: Reason for Power of Attorney?

I have POA for a relative's bank account only. There is no reason for and I do not want to be a joint owner of his money, but being able to pay for things on his behalf with his money has been an absolute necessity lately. Otherwise his money would accumulate thus disqualifying him from benefits whi...
by dbr
Tue Jan 16, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3486

Re: Diversification is for idiots...

MoonOrb wrote:
Tue Jan 16, 2018 10:08 am
Mark Cuban is an idiot; therefore we can expect that his investments are diversified.
Good one.
by dbr
Tue Jan 16, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Vanguard account change
Replies: 14
Views: 1172

Re: Vanguard account change

I have found other threads on this topic, but I can't help myself...I need more confirmation: My father recently passed away. He and mom have a joint account (taxable) at Vanguard. We want to take dad's name off the account so that it is just a single account owned by mom, with us four kids as bene...
by dbr
Tue Jan 16, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: 24 year old with a little over a million looking for a stable income.
Replies: 15
Views: 2497

Re: 24 year old with a little over a million looking for a stable income.

For gosh sakes don't fall for the misunderstanding that dividends paid are the income you get and pick investments based on that.

As to how you should invest, that depends on the larger plan you form for yourself, starting now.
by dbr
Tue Jan 16, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Mom (86) -Recommended Investments/Assett Allocation
Replies: 6
Views: 621

Re: Mom (86) -Recommended Investments/Assett Allocation

After consulting with my mother, she is looking for safety and accessibility without having to pay penalties for retrieval in case of need. Thanks for all your input. That is still pretty ambiguous. An investment in a stock mutual fund would not have a penalty for withdrawal. In fact, if the fund w...
by dbr
Tue Jan 16, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 91
Views: 7482

Re: Paul Merriman and Small Cap Value

A lot of people seem to think that a SCV-tilt is risky, in the sense that it could underperform for a long period. But based on the last 40+ years, I don't see it. SCV orbits around a mean; TSM *is* that mean. When one gets too far out of sync with the other, the market will recognize that SCV is u...
by dbr
Tue Jan 16, 2018 9:21 am
Forum: Personal Consumer Issues
Topic: Looking for a reasonably priced, safe international destination
Replies: 93
Views: 4814

Re: Looking for a reasonably priced, safe international destination

Your kids are 6 and 3. The vacation is for you. I gather the 6 year old will barely remember it and the 3 year old won't. At that age, I always took my kids to a water/beach based vacation where their experiences are fun/low key affairs. Bermuda fits that need. We went there for a long weekend over...
by dbr
Tue Jan 16, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 94
Views: 5827

Re: Stats on When People Take Social Security

Yes, if you are unemployed at 62 it is very likely you need the SS then. The people I know that for sure elected SS earlier than 70 did not have a choice in any practical sense. Please know that there are some of us who: 1. Have a sizeable nest egg; 2. Have a much higher level of financial training...
by dbr
Mon Jan 15, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 15
Views: 1052

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

There is a lot more to managing personal finance when the person that was doing it is gone than finding someone to talk to in an office about a bunch of mutual funds. It might help your wife more to at least show her a list of the things you have that a person interacts with over the course of a yea...
by dbr
Mon Jan 15, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 51
Views: 4432

Re: Getting your spouse on the same page

I have a pretty good notion that there isn't going to be a getting on the same page if people are not already there. A negotiation of differences might be possible, but actual agreement probably not.
by dbr
Mon Jan 15, 2018 1:33 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2007
Views: 1221727

Re: The Three-Fund Portfolio

.....you dont lose it until you sell it so we are willing to ride the ups and downs and plan to stay true to the long term vision of this money. Thoughts? I don't like that expression about "until you sell it." The value is lost when it is lost, period. A much better expression is the second half o...
by dbr
Mon Jan 15, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2096

Re: Consulting side gig while at mega corp

No need to tell them unless you work for a competitive doing the same thing you do now or your company does. At least that is what I would do. A colleague at my former employer was doing a side gig and had not informed our employer. It was in the same industry although not for a direct competitor. ...
by dbr
Mon Jan 15, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2096

Re: Consulting side gig while at mega corp

If leverage your experience means you are a database designer and someone wants you to design databases, then you could be in big trouble. if leverage your experience means you are a database designer and an avid hunter and someone wants you to help them open a gunshop, then not so much. Based on wh...
by dbr
Mon Jan 15, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1041

Re: Investment Grade (barely)

But I don't spot any discussion on basic single state concentration as a risk. My recollection is that it has been an almost obligatory comment that single state risk is a factor that must be considered. It really comes down to what fraction of one's wealth is involved. If muni bonds are 5% of your...
by dbr
Mon Jan 15, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1188

Re: TSA locks for luggage

I only take things that I would like to be stolen in checked luggage. But why take checked luggage anyways? People can travel for work requirements or to events that just simply require large, expensive, and not carryable luggage. I think shipping ahead can be an option in those cases. There are al...
by dbr
Mon Jan 15, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: TSA locks for luggage
Replies: 18
Views: 1188

Re: TSA locks for luggage

Not put anything valuable in checked luggage. I think people who have to travel with more than they can carry or not allowed to carry and also valuable might make other arrangements to ship things rather than check in luggage. I don't think there is a means to seriously secure checked luggage. I hav...
by dbr
Mon Jan 15, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Mom (86) -Recommended Investments/Assett Allocation
Replies: 6
Views: 621

Re: Mom (86) -Recommended Investments/Assett Allocation

delamer wrote:
Mon Jan 15, 2018 11:26 am
Does she need income from these assets, or to draw them down, to cover her expenses?

Is her concern having money to live on now or building an inheritance for heirs?
Yes, there is no conceivable way to make sense of this question without knowing what your mom wants/needs the money for.
by dbr
Mon Jan 15, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Advice for grandmother
Replies: 4
Views: 434

Re: Advice for grandmother

I can't imagine she wants anything other than CDs. I don't think your grandmother actually means to "invest" as distinct from keep the money as savings. Low interest rates are a condition of history at the moment and there is nothing that can be done about it.
by dbr
Mon Jan 15, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Move to Tax-Exempt Bond in 32% Tax Bracket? What Proportion?
Replies: 22
Views: 1434

Re: Move to Tax-Exempt Bond in 32% Tax Bracket? What Proportion?

How low is the potential downside for vwiux? In % from current NAV Isn't there an argument that if you buy a quality intermediate bond fund like VWIUX or BMBIX and hold it for the long term, that you will be OK? Higher interest rates will eventually make up any losses. There's also tax loss harvest...
by dbr
Mon Jan 15, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 286
Views: 23959

Re: Year 2000 retirees using the '4% rule' - Where are they now?

If you fund retirement by holding a portfolio of stocks and bonds and stay at the 4% limit, then most of the outcomes will leave you dying with a very large amount of money, the unused lifeboats. The worst outcome will be that you must run out of money at the limit of the planned timeframe, nominal...
by dbr
Mon Jan 15, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Early Childhood Learning Programs for grades 1-2
Replies: 4
Views: 283

Re: Early Childhood Learning Programs for grades 1-2

If you want or can work with a small group of children try Junior Great Books: http://www.greatbooks.org/great-books-k-12-programs/junior-great-books-k-5/ Reading and discussion that does NOT involve looking at a presentation on a screen and DOES involve interaction with other children and a facilit...
by dbr
Mon Jan 15, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: CDs & Savings as a substitute for bonds or bond funds
Replies: 20
Views: 2161

Re: CDs & Savings as a substitute for bonds or bond funds

I keep seeing the words high tax bracket. Can someone tell me at what % is high tax bracket starts 25,28, 30% ???? For purposes of making choices between tax exempt and taxable bonds it is wherever you personal tax situation shows a benefit to tax exempt holdings. I suppose on average people sugges...
by dbr
Mon Jan 15, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: CDs & Savings as a substitute for bonds or bond funds
Replies: 20
Views: 2161

Re: CDs & Savings as a substitute for bonds or bond funds

Of course. I wonder how much of a question like that comes up because one says "bonds" when one really means all those things. If you are buying at the US Treasury most of their offerings are not bonds because they are notes and bills unless they are savings bonds, which are not bonds or they are "s...
by dbr
Mon Jan 15, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Move to Tax-Exempt Bond in 32% Tax Bracket? What Proportion?
Replies: 22
Views: 1434

Re: Move to Tax-Exempt Bond in 32% Tax Bracket? What Proportion?

How low is the potential downside for vwiux? In % from current NAV To know things like that you have to have an estimate of future interest rate moves. I don't have such a thing. Maybe someone else does. Maybe a different question that puts a stake in the ground is how large a downturn in the value...
by dbr
Mon Jan 15, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: how to figure out the assest allocation that you can sleep well with
Replies: 22
Views: 1782

Re: how to figure out the assest allocation that you can sleep well with

Sleeping well is about you and not about your investments. I hate expressions like that. A better approach is to gain more understanding of how investments behave because knowledge is the antidote to fear. It is also necessary to recognize that choices are also commitments and become more prepared t...
by dbr
Mon Jan 15, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 3136

Re: Understanding the Great Recession Impact

I take the $250,000 and $200,000 starting numbers for this couple's investments with a huge grain of salt. I don't see any evidence of fact-checking by the book author. But the story is actually quite inspirational and uplifting to me. One can apparently lose it all and still continue on with life....
by dbr
Mon Jan 15, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 286
Views: 23959

Re: Year 2000 retirees using the '4% rule' - Where are they now?

It is like a cruise liner with one lifeboat for each person on board. We are guaranteed everyone has a life boat, but we are also guaranteed a lot of leftover unused lifeboats in most scenarios. Can somebody explain this comparison? What is meant by "leftover unused lifeboats"? Or are you suggestin...
by dbr
Mon Jan 15, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 3136

Re: Understanding the Great Recession Impact

Here is my attempt to sum up why people "lose all their money" in downturns (or over multiple downturns). They don't understand that investments are a thing you own, not an account full of money like a savings account. They watch/read news sources (or even worse get their news from friends, family,...
by dbr
Mon Jan 15, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: 50/50 AA recommended by Benjamin Graham
Replies: 16
Views: 1515

Re: 50/50 AA recommended by Benjamin Graham

Isn't a 50/50 Stock/Bond AA relatively high stock allocation for most? In the book titled The Intelligent Investor why does Benjamin Graham recommend this for most folks? On the face of it and with no other criteria simply dividing something in half between the available choices is an obvious exerc...
by dbr
Mon Jan 15, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Trustee vs POA
Replies: 27
Views: 1393

Re: Trustee vs POA

Just my 2 cents: In my experience, POAs are pretty worthless. I don't think you can walk into a bank and show them an "iron-clad" POA and withdraw funds; there is simply too much liability for the bank to trust a POA because its authenticity is difficult to prove. A trustee or successor trustee, ho...
by dbr
Mon Jan 15, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 3136

Re: Understanding the Great Recession Impact

Stories about people "losing all their money" are a whole different thing from how a retirement is impacted by a stock market drop.

Probably the broker who had Chuck in that investment should be in jail. We don't know what Barb was invested in, only that her investment also was totally lost.
by dbr
Mon Jan 15, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 94
Views: 5827

Re: Stats on When People Take Social Security

Yes, if you are unemployed at 62 it is very likely you need the SS then. The people I know that for sure elected SS earlier than 70 did not have a choice in any practical sense.
by dbr
Mon Jan 15, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 94
Views: 5827

Re: Stats on When People Take Social Security

First hit in a Google search: https://www.fool.com/retirement/general/2016/04/19/when-does-the-average-american-start-collecting-so.aspx "Data source: Center for Retirement Research. Using a weighted average of the data in this chart, we can approximate the average American's age when starting Socia...
by dbr
Sun Jan 14, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: neighborhood advice for Prague, Vienna, Budapest, and Athens
Replies: 11
Views: 601

Re: neighborhood advice for Prague, Vienna, Budapest, and Athens

Three great cities in that itinerary. Budapest is my favorite. You can see on the map that it is pretty compact and walkable. Anything in District V would be great, any street off Terez krt. Use the Opera or Terror Museum as landmarks. Choose a one-way street rather than two-way as traffic on the c...
by dbr
Sun Jan 14, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: neighborhood advice for Prague, Vienna, Budapest, and Athens
Replies: 11
Views: 601

Re: neighborhood advice for Prague, Vienna, Budapest, and Athens

Are you sure you want to stay in Athens? There are some amazing islands and villages around the country that are incredibly nice. On another thread I made the comment that Athens is the only city I have ever been in that I was glad to leave and not anxious to go back. That might be an unfair evalua...
by dbr
Sun Jan 14, 2018 11:17 pm
Forum: Personal Consumer Issues
Topic: neighborhood advice for Prague, Vienna, Budapest, and Athens
Replies: 11
Views: 601

Re: neighborhood advice for Prague, Vienna, Budapest, and Athens

mets914 wrote:
Sun Jan 14, 2018 9:44 pm
Of those, I've only been to Prague and would recommend the Mala Strana neighborhood. We did an airbnb there (right near Prague castle). It meets all your requirements. Enjoy!
Yes, we also stayed near Prague Castle. I would recommend the area.
by dbr
Sun Jan 14, 2018 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about leaving your broker
Replies: 11
Views: 1083

Re: Questions about leaving your broker

1. I've learned a lot from this forum, and I think I'm ready to manage a few basic index funds setup with a basic asset allocation rather than continue paying a cut to my current RIA. However, I'm less sure about what things I need to think about when I start transitioning out of the various funds ...
by dbr
Sun Jan 14, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee vs POA
Replies: 27
Views: 1393

Re: Trustee vs POA

Hoops 777, I have read your various posts about caring for your brother. As one who has likewise had responsibility for my own completely disabled, brain-injured brother for the last four years, I want to pitch in some moral support. The bureaucracies and personal dynamics you are navigating are in...
by dbr
Sun Jan 14, 2018 11:01 pm
Forum: Investing - Theory, News & General
Topic: A modified-Bogle approach to safe withdrawals
Replies: 7
Views: 1063

Re: A modified-Bogle approach to safe withdrawals

Bogle is currently predicting a real rate of return of 1.6% during the next decade (3.6% portfolios - 2% inflation). I've extended that prediction (my "modified-Bogle") for the length of my retirement. I hope he's wrong but don't relish betting against him. I have no problem betting against him. Hi...
by dbr
Sun Jan 14, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: A few questions on taxable fund bond fund investments....
Replies: 18
Views: 1092

Re: A few questions on taxable fund bond fund investments....

Hello, So just to reflect....if interest rates rise and VWIUX bond fund price/share drop, then it would be a good idea to purchase more shares of this bond fund at the lower price. Why? Because you can purchase more shares, which will produce more dividend monthly payout which is devoid of federal ...