Search found 23632 matches

by dbr
Fri Nov 17, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account investments
Replies: 6
Views: 442

Re: Taxable account investments

I'm 74 years old, retired, and need to invest a fairly large amount of cash. Right now, my portfolio is 50/50 stocks and bonds. Tax deferred accounts are no longer available and, I have moved all my bond funds to tax deferred accounts to delay taxes. My brokerage account is made up of stock index f...
by dbr
Fri Nov 17, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Yet another TIPS thread
Replies: 2
Views: 234

Re: Yet another TIPS thread

It seems to me Larry changed from a strategy of shifting between TIPS and nominal to a strategy of shifting duration in TIPS. But there is no hard and fast rule.
by dbr
Fri Nov 17, 2017 2:24 pm
Forum: Personal Consumer Issues
Topic: United change fees
Replies: 15
Views: 583

Re: United change fees

I could be wrong about what transpired, but I think the standard transaction is that they credit you with the original cost of the ticket and they charge you the change fee and the cost of the changed ticket. The new ticket can easily cost more than the original ticket and a one-way could cost more ...
by dbr
Fri Nov 17, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: cash balance plan
Replies: 1
Views: 105

Re: cash balance plan

It depends on whether that is enough prospective growth in wealth to meet your objectives.
by dbr
Fri Nov 17, 2017 9:42 am
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 33
Views: 2442

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

The main puzzle in the whole thing is that most outcomes of "safe" rates of spending are that the investor dies with a lot of unspent money. How is that a problem? The more I can leave for the grandkids, the better. Because it means a person may have worked longer than they wanted, spent less than ...
by dbr
Thu Nov 16, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help Advise with a Fidelity Managed (discretionary) Account
Replies: 10
Views: 617

Re: Help Advise with a Fidelity Managed (discretionary) Account

You can easily afford making an annual gift to Fidelity so why not? It will mean someone is there to keep on top of things, answer your wife's questions when you are not around etc. I'm not so sure this immunizes you from being moved to expensive funds, being sold some crazy annuity, or something, b...
by dbr
Thu Nov 16, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 24
Views: 2353

Re: Pile of Cash - What to do

If the market is too high why do you have over a million dollars of stocks? Yep, that makes no sense. There is no advice without a more thoughtful sense of what one is trying to do. The best answer absent any more information is to invest the same way everything else is invested except maybe some c...
by dbr
Thu Nov 16, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?
Replies: 6
Views: 437

Re: What to do with my Taxable Equity Portfolio to be used as a Bridge in 3 Years?

Bridge fund means you are going to spend all that money over the next three years meaning you are going to sell all those funds over the next three years meaning you are going to be taxed on all that capital gain over the next three years. The only question is whether to dump all the gain into one y...
by dbr
Thu Nov 16, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 33
Views: 2442

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

It has been understood for a long time (and probably brushed under the rug a lot as well) that high stock allocations in retirement are not particularly risky in the kind of markets typical at least in the US over the last century or so. More relevant issues are that outcome depends a lot on how muc...
by dbr
Wed Nov 15, 2017 7:06 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 609

Re: Capital Gains in IRA [are they taxable?]

Thanks, All. I called Vanguard back after posting my message because I just wasn't able to believe what the first rep had told me. The second rep confirmed what you've all said too, i.e., the capital gains from selling out of Franklin and buying into Vanguard are only taxable upon withdrawal from t...
by dbr
Wed Nov 15, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4143

Re: Fair way to split expenses?

The fair way is for each person to pay his/her own expenses. In the case there is a single bill, such as mortgage and insurance on a jointly owned house or paying for a hotel room jointly occupied, the expense should be split. It might be a practical compromise that the grocery bill be split as main...
by dbr
Wed Nov 15, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: Do you subscribe to taking risk only on the equity side
Replies: 40
Views: 2132

Re: Do you subscribe to taking risk only on the equity side

I don't think of a portfolio this way. I think of a portfolio having risk and return as an entity. The risk and return of the portfolio can be calculated from the weighted proportions of the risk and return of the components (and the correlations). As a matter of arithmetic stocks are riskier and hi...
by dbr
Wed Nov 15, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains in IRA [are they taxable?]
Replies: 8
Views: 609

Re: Capital Gains in IRA [are they taxable?]

s, but Vanguard is telling me I must sell the Franklin Funds, which will incur capital gains taxes, and then buy the new Vanguard Funds. I thought you could buy and sell mutual funds in your IRA without paying capital gains. What am I missing? Thanks so much! Tammy Your sentence exactly as written ...
by dbr
Wed Nov 15, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Question on Vanguard Fees
Replies: 4
Views: 234

Re: 403b Question on Vanguard Fees

They are clearly withholding $400 for 403b contributions. But Vanguard only shows a $398 contribution each month. So I take it this is part of Vanguard's fee structure, correct? Where they take that $2 each month for fees? Vanguard is the custodian but it is unlikely they are getting the fee. There...
by dbr
Wed Nov 15, 2017 5:27 pm
Forum: Investing - Theory, News & General
Topic: Age in bonds, tax-sheltered options
Replies: 8
Views: 879

Re: Age in bonds, tax-sheltered options

I want to say, "fine, but which bonds?" Is it simple enough just to go with VBTLX with perhaps a bit of VTABX? or is it worth it to seek TIPS, treasuries, or even CD's (are these available in sheltered accounts?)? I'm feeling a bit lazy by asking this to the forum since everyone here is so quick an...
by dbr
Wed Nov 15, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Chromebook/Similar for Elderly Dad
Replies: 30
Views: 1637

Re: Chromebook/Similar for Elderly Dad

I would seriously consider an iPad rather than a Chromebook. Chromebook is great tool for folks who need to simple work like word processing, spreadsheets, surfing, etc. If you need something super simple, easy to use for someone that doesn't doesn't do hardly any typing and doesn't need to do "wor...
by dbr
Wed Nov 15, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: divertify vanguard brokerage account portfolio
Replies: 3
Views: 437

Re: divertify vanguard brokerage account portfolio

I am in my 30s and I have a brokerage account with Vanguard and plan to keep the money in for at least 7 years to save up for a downpayment for a house. I feel my portfolio is not very diversified. I currently hold 9.7% Vanguard Growth Index Fund Admiral Shares 41.1% Vanguard Total Bond Market Inde...
by dbr
Tue Nov 14, 2017 9:42 pm
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 29
Views: 1416

Re: How do you stop junk mail?

You can't stop it and if we all did the Post Office would go out of business and we would not have mail service. (Is the latter really true?) You can stop it, or at least nearly so, and the U.S. Post Office was in existence for many years before catalogues and junk mail were common. The USPS provid...
by dbr
Tue Nov 14, 2017 9:24 pm
Forum: Personal Consumer Issues
Topic: How do you stop junk mail?
Replies: 29
Views: 1416

Re: How do you stop junk mail?

You can't stop it and if we all did the Post Office would go out of business and we would not have mail service. (Is the latter really true?)
by dbr
Tue Nov 14, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion of Total Stock Market Index
Replies: 21
Views: 2224

Re: Opinion of Total Stock Market Index

I tend to trust their math and reasoning over my own desire to get greedy and make an extra .5% per year in the market To be fair, an extra 0.5% per year is *huge* over the long run. Compounded over two decades it's an additional 10%. Your mathematical point is correct. I think it is more a matter ...
by dbr
Tue Nov 14, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help deciding between Wellesley and 4 Corporate Bond Index Funds
Replies: 14
Views: 1453

Re: Help deciding between Wellesley and 4 Corporate Bond Index Funds

If your primary concern is capital preservation, I wouldn't go for anything more than CD's or short-term bonds--with at least half in Treasuries. You might almost keep up with inflation. It sounds like what you're really looking for is an investment that offers capital preservation, but with a dece...
by dbr
Tue Nov 14, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Honda Accord Hybrid EX-L- great deal or not?
Replies: 26
Views: 1687

Re: Honda Accord Hybrid EX-L- great deal or not?

I can't comment on whether or not you want that make/model compared to a different one, but it does seem when a deal pops up you should take it. Someone else could buy that car tomorrow. I once made a mistake like that looking at a hail damaged car that was thousands off. I didn't buy it that day an...
by dbr
Tue Nov 14, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion of Total Stock Market Index
Replies: 21
Views: 2224

Re: Opinion of Total Stock Market Index

This is a good fund with a diversified selection of equities in the US market and low costs. However, you should not be investing by picking funds because they are good but because you have the right asset allocation for your needs, have the diversity you want, and have minimal costs. I have no idea...
by dbr
Tue Nov 14, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 2962

Re: "Unsuspending" Social Security Benefits

My wife recently received a letter from SS that says: "You get monthly benefits as a spouse. If you apply for retirement benefits on your own social security number our records show you may get higher benefits. You must apply before we can pay the higher benefit amount. You can apply conveniently at...
by dbr
Tue Nov 14, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Mother in retirement: Withdraw annually or monthly?
Replies: 19
Views: 1880

Re: Mother in retirement: Withdraw annually or monthly?

The result is just a question of the overall asset allocation. In this case withdrawing annually presumably results in slightly higher allocation to cash giving a little less return at a little less risk. I think overall the difference is very small. It would seem to be an unnecessary complication t...
by dbr
Tue Nov 14, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: What is the difference between retiring and resigning from a job?
Replies: 42
Views: 4248

Re: What is the difference between retiring and resigning from a job?

My Company was doing periodic layoffs due to reduced demand in our specific industry. I was managing a project but was able to negotiate a several month delayed retirement (to complete the project) in return for a layoff vs straight retirement. Admittedly this was a somewhat unique scenario but som...
by dbr
Tue Nov 14, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund Portfolio vs Multiple funds
Replies: 11
Views: 801

Re: 3 fund Portfolio vs Multiple funds

Also, Lazy Portfolios: https://www.marketwatch.com/lazyportfolio (click the portfolio name to see the Vanguard funds each holds). Hah! I just followed this link and clicked on the "Second Grader's Starter" portfolio link. And it's pretty much the classic three fund portfolio. It actually uses the e...
by dbr
Tue Nov 14, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 126
Views: 7668

Re: The 4% rule DOES fail but still makes sense!

First, many MMM people's claim is: the 4% rule never fails. They did not understand the statistics. The original 4% rule calculation had a success rate of about 96%, so it did fail in about 4% of the tested cases. As someone who's spent a fair amount of time lurking on the MMM blog and boards, I'm ...
by dbr
Tue Nov 14, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 126
Views: 7668

Re: The 4% rule DOES fail but still makes sense!

You have to take the context into account. The original Bengen study based it on actual market returns. The worst starting year was in 1967 IIRC. If your portfolio drops by 20% in year 1 of 30 the subsequent 29 years will likely be better because the markets have better valuations after the drop. W...
by dbr
Tue Nov 14, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options (high fees!)
Replies: 26
Views: 1153

Re: Wife's 401k investment options (high fees!)

Your wife is being cheated out of her money because the company management is unable, unwilling, or too stupid to do better. Only she can judge whether there is a possibility of lobbying for something better. I don't think this has to do with HR but with the top two or three managers in the company....
by dbr
Tue Nov 14, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: [Solved] Starting investing in a long-run bull market: advices ?
Replies: 15
Views: 1421

Re: Starting investing in a long-run bull market: advices ?

Mathematically you are far better off if the market goes down soon that if it goes down fifteen or twenty years from now. The only real mistake a young investor can make is to not invest. Oh, and the other mistake is to try to mess around with your investments because you think you know what the mar...
by dbr
Tue Nov 14, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund Portfolio vs Multiple funds
Replies: 11
Views: 801

Re: 3 fund Portfolio vs Multiple funds

I agree holding 3 portfolios ( total stock, total international stock, total bond ) will make it easier for us to manage, follow closely and all that. Some call it " Lazy portfolio" . On the other hand there are good funds out there with long standing good history . So why should one limit himself ...
by dbr
Tue Nov 14, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: What is all the recent talk about a bond bubble?
Replies: 22
Views: 2214

Re: What is all the recent talk about a bond bubble?

As of today the yield is 2.08%. What seems crazy is that I can earn more on a 5-year CD, with FDIC insurance no risk of loss of principal. It leaves me scratching my head a bit as to why I would want to buy a bond at all and not just buy CDs. Why would you be scratching your head. CDs are a differe...
by dbr
Tue Nov 14, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3128

Re: Buffett 90/10 Portfolio vs Target Retirement

John Bogle also says "Forget the needle, buy the haystack". I see the US as only a part of a larger haystack (the world market). We wouldn't think of only buying stocks from the city or state where we were born or raised. Why buy only stocks from the country in which we were born and raised? Google...
by dbr
Tue Nov 14, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice: late to the game
Replies: 4
Views: 617

Re: Portfolio Advice: late to the game

1. The allocation was derived by a Vanguard PAS rep. I'm grateful for the push from the rep, which I required to be in the market, but I'm really unsure about the logic behind the AA, especially when I factor in my wife's age, it being 13 years my junior. Why would any of her monies be in bonds giv...
by dbr
Tue Nov 14, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: problem new Vanguard Global Wellington fund
Replies: 29
Views: 1827

Re: problem new Vanguard Global Wellington fund

It might be easy enough to wait a few months until the system catches up with this new fund unless there is some special glory to being in at the opening.
by dbr
Tue Nov 14, 2017 9:43 am
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3128

Re: Buffett 90/10 Portfolio vs Target Retirement

We are 95% and 5% cash..I'm up 32% this year. We are retired and live on 70000 a years. We made $400000 this year. Its what you spend. If I lost everything I would still be able to live on my small pension and SS at 70. Never made more then $80000 a years. but have 2.3m. I will move more into cash ...
by dbr
Mon Nov 13, 2017 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about my mom's finances?
Replies: 17
Views: 1248

Re: What do I need to know about my mom's finances?

It might be most helpful to formalize how these things are going to work. The question of who is the executor is critical. If it isn't you, then who is it and what are they doing to be prepared? It is appropriate for someone to have her health care power of attorney. Is that you? It might be time to...
by dbr
Mon Nov 13, 2017 8:56 pm
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3128

Re: Buffett 90/10 Portfolio vs Target Retirement

Invest some of your money in international so you can stop worrying. Do it because I told you to and I am a guy on the internet. If patriotism and admiration for Buffett and Bogle holds you back then so be it and also stop worrying. If you want to get into nitty gritty the thing I would worry about ...
by dbr
Mon Nov 13, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum or DCA in a Roth?
Replies: 11
Views: 464

Re: Lump sum or DCA in a Roth?

I'm curious what has given rise to asking the question. Is DCA something you read about and wondered if you should do it for some reason?
by dbr
Mon Nov 13, 2017 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: cash balance pension - Advise
Replies: 2
Views: 264

Re: cash balance pension - Advise

That question is hard to answer without knowing all your other assets and how they are invested. You might want to post according to the scheme outline here: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 One likely piece of advice is that additional annuities are not indicated when you a...
by dbr
Mon Nov 13, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2442

Re: What might you ask In-laws' FA?

You can examine their statements to see what share classes of American Funds they are invested in. That will tell you the expense structure of the funds including a 12b-1 fee and any loads. You should also be able to find an explicit withdrawal for any AUM fee. You MIL is undoubtedly confused about ...
by dbr
Mon Nov 13, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: Value, and Slice and Dice - How Much?
Replies: 6
Views: 729

Re: Value, and Slice and Dice - How Much?

Tracking error is totally behavioral. An investor needs to either acknowledge it in himself or more productively, educate himself to build the mental fortitude to not be subject to it. One can increase the SV tilt, decrease the overall exposure to equity market risk, increase bond allocation, keep ...
by dbr
Mon Nov 13, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: “Flight to Quality:” the old way of thinking?
Replies: 16
Views: 1428

Re: “Flight to Quality:” the old way of thinking?

I think the role of Short treasuries as the riskless asset is not changing anytime soon. They are basically uncorrelated with equities. What is very significant is that when equities take it on the chin, the correlation between equities and treasuries tends to turn strongly negative. This brings up...
by dbr
Mon Nov 13, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 182
Views: 15793

Re: Flying first class, business, versus economy.

This has two benefits: 1) if I have to go, then I arrive more refreshed and I am more productive during the travel time That is contingent on actually arriving more refreshed. If that works for you, then you are blessed. It doesn't work for me. What works for me is arriving a day earlier by any mea...
by dbr
Mon Nov 13, 2017 10:04 am
Forum: Investing - Theory, News & General
Topic: “Flight to Quality:” the old way of thinking?
Replies: 16
Views: 1428

Re: “Flight to Safety:” the old way of thinking?

I hold a portion of my FI portfolio in Treasuries to rebalance in a stock market crash, flight to quality situation. but it is not market timing. It is rebalancing with assets that have better buying power than a TBM type fixed income portfolio. [/quote] I understand rebalancing during a market cra...
by dbr
Mon Nov 13, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: iShares Core Builder–use as lazy portfolio guide?
Replies: 10
Views: 914

Re: iShares Core Builder–use as lazy portfolio guide?

Despite lots of research, I'm having a hard time understanding the specific criteria for choosing one lazy portfolio over another. Maybe that's because there is nothing to understand. I would be curious if in your research you have run across any explanation for how those different portfolios might...
by dbr
Mon Nov 13, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4041

Re: How do you project the amount you will have to spend annually in retirement?

. . . . . - all of these plans are a big SWAG - but we do our best. What is a SWAG? Scientific wild-assed guess. The term is meant to imply that there is both rational analysis and a great deal of uncertainty behind the result. Sometimes it is used cynically in the presence of false precision. Othe...
by dbr
Mon Nov 13, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Bucket #2: Which Bond Funds Do You Recommend?
Replies: 7
Views: 1101

Re: Bucket #2: Which Bond Funds Do You Recommend?

I agree that dividing down into buckets and then debating over differences among fairly similar bond funds in one of the buckets is tying yourself in knots and probably losing sight of anything that matters.

So if you have to do this just use the total bond fund and be done with it.
by dbr
Mon Nov 13, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Right Bond Allocation - Government v. Credit?
Replies: 22
Views: 2186

Re: Right Bond Allocation - Government v. Credit?

Following on from school #6, this raises one point that I often hear on this forum, that is that "bonds are for safety, take your risk with equities." OK, if that is the strategy, then taking no risk would seem to imply to not invest in bonds, which have various types of risks, but to invest in CDs...