Search found 107 matches

by victork
Sun Dec 10, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: Please suggest a dry hands product
Replies: 82
Views: 4537

Re: Please suggest a dry hands product

My dermatologist recommended Eucerin cream.
I find that It works. Use it twice a day.

Welcome to Winter!
by victork
Mon Oct 03, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard End of Year Statement
Replies: 12
Views: 2249

Re: Vanguard End of Year Statement

I signed up with Vanguard to get everything by email.
Statements, prospectuses, confirmations. I verify that they're correct, and delete them.
Still, early in January, I get a paper summary of the previous year. I save it.
by victork
Tue Sep 27, 2016 11:15 am
Forum: Investing - Help with Personal Investments
Topic: 1 million to add to vanguard
Replies: 69
Views: 8693

Re: 1 million to add to vanguard

Don't lose sight of the forest for the trees. 20 years ago, when I was investing, it seemed always true that I "should have" invested a week earlier, or a week later, to get a better price. Now, when I redeem shares for my RMD, it again seems that there was a better price the week before, or the wee...
by victork
Mon Sep 05, 2016 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Got [a bad deal] on muni bonds
Replies: 66
Views: 7377

Re: Got [a bad deal] on muni bonds

I enjoy buying bonds through the Vanguard brokerage. You can review what's in the whole bond market, and the commissions are very small.
If you don't want to pick your own bonds, then a bond fund could be a better choice.
by victork
Fri Jul 22, 2016 8:41 pm
Forum: Investing - Theory, News & General
Topic: Is buy low, sell high the same as market timing?
Replies: 29
Views: 3037

Re: Is buy low, sell high the same as market timing?

Here's what I find on Wikipedia: "Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. " My own thinking is that we can remember the past, we can observe the present, but we don't have a clue about th...
by victork
Sun Jul 10, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: Long term bond funds
Replies: 26
Views: 3256

Re: Long term bond funds

Bonds of any maturity have both default risk and interest rate risk. The bond issuer promises to pay interest and principle on specified dates; if this doesn't happen for any reason, it is considered a default. (If you're extremely allergic to defaults, buy Treasury bonds. And accept the lower inter...
by victork
Thu Jul 07, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience
Replies: 34
Views: 7372

Re: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience

There are a couple of options to consider. First, someone can use Vanguard funds whether they make their own investment decisions, get advice from Vanguard, or get advice from a 3rd party. I'll suggest making a serious effort to find a fee-only advisor in your area -- you can always pay him/her for ...
by victork
Fri Jun 24, 2016 3:37 pm
Forum: Investing - Theory, News & General
Topic: Would today be a good day to rebalance?
Replies: 34
Views: 4060

Re: Would today be a good day to rebalance?

In October 2008, I rebalanced, back to 50/50. It involved moving out of bonds, into stocks. In February 2009, I did the same thing. Overall, it was not fun. However, now, I'm glad I did it. One approach to rebalancing is to check the portfolio regularly, and rebalance when it goes beyond the limits....
by victork
Wed Apr 13, 2016 12:59 am
Forum: Personal Finance (Not Investing)
Topic: TSP Loan to payoff student loans
Replies: 10
Views: 2351

Re: TSP Loan to payoff student loans

First, I'd point out that events with a very low probability do, in fact, happen. People win the lottery. People get hit by lightening. So I'll recommend having a Plan B, just in case the unlikely happens, and your company is merged, or acquired, or something. What about simply shifting your monthly...
by victork
Fri Apr 01, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Help! God awful 401K with no index fund options
Replies: 18
Views: 1808

Re: Help! God awful 401K with no index fund options

After a glance at the expenses of the funds in the list, I completely lost interest in that 401K. Especially with no employer match, it's just a chance to send money to the fund managers. A bad investment that's tax-deferred is still a bad investment. After maximizing your tax-deferred contributions...
by victork
Wed Feb 17, 2016 4:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Brokerage 2015 tax documents
Replies: 29
Views: 3995

Re: Vanguard Brokerage 2015 tax documents

Yes, mine is on-line as well. The .pdf file is dated Feb. 15.
by victork
Tue Feb 02, 2016 7:55 am
Forum: Personal Consumer Issues
Topic: Recent Vanguard Trouble
Replies: 66
Views: 12942

Re: Recent Vanguard Trouble

Didn't I just hear that Vanguard has 20,000,000 accounts?
How many errors per account does that make?
by victork
Sun Jan 24, 2016 8:33 am
Forum: Investing - Help with Personal Investments
Topic: who is buying or selling ??
Replies: 27
Views: 2814

Re: who is buying or selling ??

Personally, I like to look at things twice a year, on Aug. 2 (my birthday) and Feb 2. If things are out of line, I rebalance (in the tax-deferred accounts).
So, right now, while I certainly find it more fun to have stock prices increasing than decreasing, my current policy is: Just Stand There.
by victork
Sat Jan 16, 2016 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Ignore the noise
Replies: 16
Views: 2625

Re: Ignore the noise

I'm 72, retired, and I'm 36% stock. Yes, I have enough. (I don't need to buy lottery tickets.) I remember that 2007/2008 business. At that time, I was 50/50. And I was out of the country in the fall of 2007, when Lehman Brothers failed. So I watched the news. When I got back, I rebalanced, moving fr...
by victork
Fri Jan 01, 2016 3:28 pm
Forum: Investing - Theory, News & General
Topic: Kiplinger article about "Bogleheads"
Replies: 7
Views: 1463

Kiplinger article about "Bogleheads"

I saw this today.
It's a general article about US!

http://www.kiplinger.com/article/invest ... geid=14248
by victork
Tue Dec 22, 2015 11:30 am
Forum: Investing - Theory, News & General
Topic: Saving money in a 22% interest foreign bank account vs stocks
Replies: 61
Views: 8168

Re: Saving money in a 22% interest foreign bank account vs stocks

May I assume that you want the result, after investment, in US dollars? The 22% will be in the local currency. There will be the risk of converting back to US dollars when you withdraw the money. Iran is still subject to economic sanctions, hope that we may that this never happens. I would consider ...
by victork
Mon Dec 21, 2015 10:14 am
Forum: Investing - Theory, News & General
Topic: Do you reinvest your dividends/capital gains?
Replies: 76
Views: 10841

Re: Do you reinvest your dividends/capital gains?

When I was accumulating assets, I certainly reinvested any distributions in the tax-deferred area. In the taxable area, I had a US Stock Index and an International Index, and individual bonds. I reinvested all distributions in new bonds. I also did not want to deal with small share purchases. Of cou...
by victork
Mon Dec 21, 2015 6:40 am
Forum: Investing - Help with Personal Investments
Topic: (Unfortunate) TLH opportunity (like bugs out of the woodwork)
Replies: 5
Views: 1051

Re: (Unfortunate) TLH opportunity (like bugs out of the woodwork)

I think that you can have a Brokerage Fund at Vanguard that will hold investments from other fund companies. Ask Vanguard to move the fund from TRP "in kind", and you will have the shares at Vanguard. Then, I expect that Vanguard will let you sell the fund and buy another fund on the same day, so lo...
by victork
Mon Dec 14, 2015 5:57 pm
Forum: Investing - Theory, News & General
Topic: "Winning the Game"
Replies: 46
Views: 7322

Re: "Winning the Game"

The quote is from the headline of a Wall Street Journal article by Bill Bernstein. As I recall, "When You've Won the Game, Stop Playing." Basically, we take risk in the stock market not because we want the chance to lose money, but we take the risk in order to achieve the possible gain. For most of ...
by victork
Mon Dec 14, 2015 5:46 pm
Forum: Investing - Theory, News & General
Topic: Interest Rate Hike - Thoughts?
Replies: 40
Views: 5038

Re: Interest Rate Hike - Thoughts?

I expect that the Federal Reserve will move their interest rate policy from "0 to 1/4%" to either 1/4% or 1/2%.
That is, we go from an extremely stimulative policy to a very, very stimulative policy.
No Big Deal.
by victork
Mon Dec 14, 2015 7:53 am
Forum: Investing - Theory, News & General
Topic: Should I follow Jack Bogle in "I don't do International"
Replies: 90
Views: 10758

Re: Should I follow Jack Bogle in "I don't do International"

Personally, I'm 25% international stocks, and 15% international bonds. I know that Vanguard uses larger overseas allocations, and that Mr. Bogle uses less. Both are respectable, and both are to be taken seriously. Take your time, think it over, and do what you can comfortably live with for the long ...
by victork
Mon Dec 07, 2015 9:21 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 146149

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

This suit is an example of missing the forest for the trees. Vanguard does not exist in a vacuum. It specifically provides services to mutual funds, which are owned by their shareholders. It charges the mutual funds for the services. Every dollar of additional charge that Vanguard might make, and pa...
by victork
Wed Oct 21, 2015 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: My mom is 80 year old and she has never taken out the RMD, please help!
Replies: 61
Views: 10300

Re: My mom is 80 year old and she has never taken out the RMD, please help!

A friend missed taking 3 year's worth of RMDs. She said that she hadn't been notified. She wrote to the IRS, explaining the situation, and they agreed to wave the penalty. However, she had to take it all out this year, so the tax bracket will be higher than otherwise. (I suppose that's penalty enoug...
by victork
Sun Sep 20, 2015 6:23 pm
Forum: Investing - Theory, News & General
Topic: Vanguard merged Mutual fund + brokerage - anyone have yet?
Replies: 61
Views: 16087

Re: Vanguard merged Mutual fund + brokerage - anyone have yet?

I converted last year, at Vanguard's urging. I now have three (3) brokerage accounts. One for taxable funds and bonds, one for my IRA, and one for my Roth. For my needs, everything works, but of course I don't use every one of Vanguard's options. Moving money to/from my banks works just the same as ...
by victork
Sun Sep 20, 2015 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Confession time.....no stocks
Replies: 60
Views: 7398

Re: Confession time.....no stocks

Just a couple of comments. First, it is not correct to say that you "should" own stocks. What you "should" do is make well-informed decisions, taking your (and your wife's) preferences into account. Many times, I have seen the advice not to have so much of your portfolio in stocks that you don't sle...
by victork
Sun Sep 20, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Settlements and Freeriding
Replies: 43
Views: 4551

Re: Vanguard Brokerage Settlements and Freeriding

I have done a similar thing at Vanguard, with no problem. In my taxable brokerage account, I bought a bond. On the same day, in my IRA brokerage account, I redeemed some shares of a Vanguard fund. (I am required to take RMDs.) There was no issue. Do I understand that you bought AND sold the shares o...
by victork
Sun Sep 20, 2015 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Duration of Mom's bonds
Replies: 12
Views: 863

Re: Duration of Mom's bonds

PS: The article on "Bond Duration" at wikipedia.org will tell you way, way more than I'd guess you want to know about bond duration. However, if you have an account at Vanguard, there's a bond calculator that will do the job for you. If it works in your situation, tell your mother that she can spend...
by victork
Sun Sep 20, 2015 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Duration of Mom's bonds
Replies: 12
Views: 863

Re: Duration of Mom's bonds

I'm not sure what you're going to do with duration, but here's what I find at obliviousinvestor.com: ************************** Bond Duration: What It Is and Why It Matters The maturity of a fixed-income investment is simply how long the instrument lasts. For example, a 10-year Treasury bond has a 1...
by victork
Sun Aug 09, 2015 5:49 pm
Forum: Investing - Theory, News & General
Topic: What Did You Do In The 2008/2009 Stock Market Crash?
Replies: 51
Views: 6216

Re: What Did You Do In The 2008/2009 Stock Market Crash?

In the fall of 2008, My asset allocation was 50/50. I was 65.
(I had been 50/50 for the past 5 years.)
I rebalanced to 50/50, and did it again in February, 2009.
I'm glad I did.
by victork
Sat Jul 11, 2015 2:19 pm
Forum: Investing - Theory, News & General
Topic: How did you start?
Replies: 35
Views: 4673

Re: How did you start?

First of all, you'll need an emergency fund. 3- to 6-months take-home pay, or whatever you decide is appropriate. Then, invest your time before you invest your money. I always liked Burton Malkiel's work, A Random Walk Down Wall Street. It goes over how things work in the stock and bond markets, and...
by victork
Wed Jul 01, 2015 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Is a large emergency fund needed after 59 1/2
Replies: 25
Views: 4101

Re: Is a large emergency fund needed after 59 1/2

I think that there are two areas to consider. One is loss of income. Two is unexpected expenditures. Usually, an emergency fund is there in case one loses a job, and needs income while searching for another. Also, consider that you may need a new roof and furnace for your house, just when the transm...
by victork
Thu Jun 25, 2015 8:56 am
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 40426

Re: What ratio are you stocks/bonds and how old are you?

I'm 71.
36% stocks, 64% bonds.

Since I have enough, I'm not as aggressive as others might want to be.
by victork
Thu Jun 25, 2015 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Managed portfolio to index funds
Replies: 8
Views: 940

Re: Managed portfolio to index funds

First of all, I'm sorry for your loss. I think that you actually were right to wait a while before making any major decisions. Certainly, you will be able to live a happy life with either Fidelity or Vanguard, but I'd recommend Vanguard, because your costs will be less in a mutual company than in a ...
by victork
Fri Jun 19, 2015 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a CD at Vanguard
Replies: 17
Views: 5407

Re: Buying a CD at Vanguard

In my experience, buying a CD on the secondary market is a slightly better deal than buying a new issue CD. For example, at 6PM on Friday, June 19, for a 10 year CD, Vanguard is showing: New Issue maturing 6/24/25 coupon 3.250 yielding 3.250; price 100. On the secondary market, a CD maturing 6/17/15...
by victork
Wed Jun 03, 2015 8:23 am
Forum: Investing - Help with Personal Investments
Topic: what to do with cash
Replies: 22
Views: 4342

Re: what to do with cash

I was once advised: "Do the best you can in the market you're in." Today, Banks and CDs pay very low interest. True. But they do offer the security of a guarantee on your principal. And for an emergency fund, this is what is needed. I think it was Will Rogers who said: "I am more concerned about the...
by victork
Sat May 30, 2015 12:47 pm
Forum: Investing - Theory, News & General
Topic: Forget BND. Here's another idea...
Replies: 39
Views: 5827

Re: Forget BND. Here's another idea...

A couple of things. First, yes, Malkiel's book A Random Walk Down Wall Street is what I recommend to anyone who will listen, for the purpose of having a superb introduction to investing. Second, I don't agree with him about today's low interest rates. They do make it possible for the government, or ...
by victork
Tue May 26, 2015 3:21 pm
Forum: Investing - Theory, News & General
Topic: Wellington & Wellesley
Replies: 60
Views: 12081

Re: Wellington & Wellesley

Here's a link to an article about Jack Bogle's take on active managers.
He likes some.

http://finance.yahoo.com/news/5-keys-pi ... NlYwNzYw--
by victork
Mon May 25, 2015 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Plan for Asset Allocation changes with age
Replies: 14
Views: 1403

Re: Plan for Asset Allocation changes with age

At age 71, I am 36% stocks, 64% bonds. This is about what your graph shows; therefore your graph must be correct! :happy The Vanguard web site lists their target funds, and each fund shows how its allocation changes with time. You may want to see how Vanguard does it. In general, I think it makes se...
by victork
Sun May 24, 2015 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 34
Views: 3454

Re: Allocation with large holding in single stock

Remember Enron? A lot of people had most of their portfolio in one stock, and lived to regret it. The question I'd raise is this: is the portfolio money they need? If so, investing in one stock is unwise in the extreme. Otherwise, if it's play money, and their needs are otherwise taken care of, no b...
by victork
Tue Jan 20, 2015 12:30 pm
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 12904

Re: Bernstein article:How to tell if your nest egg is big en

Thanks for the link.
It has me thinking.
Maybe I'll be happier with 35% stock than my current 40%.
by victork
Thu Jan 08, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Remind me: why am I holding VG's longer-term TIPS fund?
Replies: 31
Views: 4444

Re: Remind me: why am I holding VG's longer-term TIPS fund?

One consideration could be your holding period. There's a notion floating around to match the duration of your bond fund to your holding period. If you want to hold the TIPS fund for many years, that might be a reason to keep it. Try to look at the yield not over last week, but over the last 10 year...
by victork
Thu Jan 08, 2015 9:15 am
Forum: Forum Issues and Administration
Topic: Logon automatically won't work on 1 out of my 5 devices
Replies: 9
Views: 1244

Re: Logon automatically won't work on 1 out of my 5 devices

Is Chrome on your computer prevented from placing cookies? That would cause the behavior you describe. The cookie is a small file on your computer in which a web site stores information it needs to log you in. PS: Do you really want anyone who gets hold of one of your machines to be able to log on t...
by victork
Wed Jan 07, 2015 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Need help increasing my bond/fixed income portion
Replies: 11
Views: 1571

Re: Need help increasing my bond/fixed income portion

Are municipal bonds available in Georgia?
by victork
Tue Jan 06, 2015 4:22 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do you own I Bonds?
Replies: 62
Views: 8003

Re: Poll: Do you own I Bonds?

I got some before around 2000, when the fixed rate part was 3%.
I'm keeping them.
I just count them as short term bonds.
by victork
Tue Jan 06, 2015 11:25 am
Forum: Investing - Help with Personal Investments
Topic: V's New Brokerage Acc'ts: a caution on settlement time
Replies: 2
Views: 783

V's New Brokerage Acc'ts: a caution on settlement time

I now have 3 brokerage accounts at Vanguard: one for taxable investments, including both funds and individual bonds, one for funds in an IRA, and one for funds in a Roth. Last week, I hit my head on something I didn't know, and I'm posting it for the information of others. When buying or selling ind...
by victork
Mon Jan 05, 2015 6:25 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 146149

Re: Vanguard sued for charging too little

I think that Vanguard, as a corporation, is responsible to the demands of its owners -- the mutual funds. Most corporations try to maximize not profits, but after-tax profits, and many pay no taxes at all. It is common for corporations to work to minimize taxes. So the money that Vanguard does not e...
by victork
Sun Jan 04, 2015 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Why a Boglehead doesn't invest in individual companies?
Replies: 142
Views: 21018

Re: Why a Boglehead doesn't invest in individual companies?

The grand advisor for picking individual stocks is Benjamin Graham. (He was Warren Buffets teacher.) His book, The Intelligent Investor, describes the process. At the risk of over simplification, it involves learning so enough about the company that you can come to your own conclusion about what the...
by victork
Thu Jan 01, 2015 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me back from the edge
Replies: 37
Views: 4744

Re: Talk me back from the edge

There's a pretty well known doctor, a neurologist, who looked into the business of investing for retirement. William Bernstein. I'd recommend his books to you. Some advisors will do better than the market. Others will do worse. The trick is to tell which ones will do what in the future. Unless you h...