Search found 1303 matches

by DaveS
Tue Jul 24, 2012 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help, Poor Options
Replies: 5
Views: 812

Re: Portfolio Help, Poor Options

The JP Morgan smart retirement is the best choice of a poor bunch. It will be the most diversified and it's one of the lower cost options amongst a collection of high cost choices. If you look at what it holds, the 40 most likely is closest to what you say you want. Target Retirement funds consist o...
by DaveS
Tue Jul 24, 2012 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Advice
Replies: 8
Views: 1410

Re: Advice

If I recall correctly SIMPLE's are employer sponsored. That means you cant just switch them like a traditional IRA. So unless you can get the employer to go along your stuck with their choice. There is a section in the Wiki this site about how to talk to your employer or HR person about switching to...
by DaveS
Sat Jul 21, 2012 11:14 am
Forum: Investing - Help with Personal Investments
Topic: help identifying investments from hell
Replies: 47
Views: 5711

Re: help identifying investments from hell

Larry is always down on Preferred stock. My list would be topped by undeveloped land. Dave
by DaveS
Fri Jul 20, 2012 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice
Replies: 7
Views: 1034

Re: Investment advice

Martin: Why do you specify an allocation of 70% Growth/Value? That is unusual. Normally the issue is whether you buy total stock market which is 50/50 growth value, or whether to tilt a bit to small stocks and value stocks. The latter historically have a higher return with greater volatility. The ot...
by DaveS
Mon Jul 16, 2012 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Which value funds/ETFs for taxable?
Replies: 10
Views: 1046

Re: Which value funds/ETFs for taxable?

Like many I don't have enough room in tax free for small value. I use VBR for US and VSS for international small. I rejected using the 600 S & P small value fund because at the time it did not have that low a book to market, I.E. was not very "valuey," and it is like an actively managed fund because...
by DaveS
Sun Jul 15, 2012 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Portfolio
Replies: 9
Views: 872

Re: Help with Portfolio

Don't walk, run from the high expense of the Merrill SIMPLEs. If you call the Vanguard 800 number they can explain that picking the funds in your SIMPLE is not self management. They will send you the forms to roll out of Merrill. I strongly disagree with your boycotting International/Emerging market...
by DaveS
Wed Jul 04, 2012 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: refi - no more free lunch?
Replies: 12
Views: 2761

Re: refi - no more free lunch?

So see how you do at one of those internet banks. Maybe you don't need a "program." I had good luck with www.farmbureaubank.com Dave
by DaveS
Tue Jul 03, 2012 7:56 pm
Forum: Investing - Theory, News & General
Topic: Utility Stocks in Current Income Portfolio
Replies: 21
Views: 2947

Re: Utility Stocks in Current Income Portfolio

Take a look at XLU (Utility ETF). Yes, it is an equity, but it does yield well, and long term it ain't as volatile as the above post implies. I agree that preferred stocks are not for the average investor. Dave
by DaveS
Mon Jul 02, 2012 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for New Business Owner
Replies: 4
Views: 578

Re: Portfolio advice for New Business Owner

Take a look at an SIMPLE IRA. if you go too www.irs.gov and run it and the other things through a search you can learn the differences and advantages. As for funds, until you have some bucks, just invest in STAR, or Target Retirement. Note the different minimum initial contributions. Dave
by DaveS
Wed Jun 27, 2012 10:37 am
Forum: Investing - Theory, News & General
Topic: indexing is for those who aren't smart enough
Replies: 27
Views: 3871

Re: indexing is for those who aren't smart enough

I have been proud of my suggestion that "dumb gamblers need index poker." There is a minor error in the article. The first index fund was established by Wells Fargo. I think it was a 500 index, but memory may fail. Bogle is certainly the first person to base a career on indexed products. Dave
by DaveS
Wed Jun 27, 2012 1:20 am
Forum: Investing - Help with Personal Investments
Topic: 24 years old, seeking advice on portfolio
Replies: 10
Views: 1045

Re: 24 years old, seeking advice on portfolio

I would slow down on the housing. I.E. try to skip the condo stage and get a house later. Condos tend to be poor investments and occasionally you can get trapped in them by market declines, limits to financing. I think the desired portfolio is fine and much simpler than the accumulation you have now...
by DaveS
Wed Jun 27, 2012 1:04 am
Forum: Investing - Help with Personal Investments
Topic: First "portfolio", your 2 cents?
Replies: 11
Views: 1637

Re: First "portfolio", your 2 cents?

Sticking with the life strategy is fine for now. Eventually your rate of investing will result in having to put tax inefficient assets in tax free, and tax efficient assets in taxable. At that point you will have to split things up. When you do the funds that are components of the life strategy or t...
by DaveS
Fri Jun 22, 2012 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 40
Views: 3793

Re: Travelers Checks

I rode a motorcycle down to South America last fall. Before I went I thought I might take some travelers checks. I was flat out told not to bother because they would not get accepted there. My impression is that was basically true. The locals in those countries and Central America use bank ATM's and...
by DaveS
Wed Jun 20, 2012 2:26 am
Forum: Investing - Help with Personal Investments
Topic: Long Term cash awards
Replies: 3
Views: 619

Re: Long Term cash awards

I don't understand your question. Are you saying you get $15,000 per year and can invest it? If so take a look at some of the sample portfolios in the wiki this site. Dave
by DaveS
Wed May 23, 2012 2:10 am
Forum: Investing - Theory, News & General
Topic: so what if i wanted to learn day trading
Replies: 103
Views: 8930

Re: so what if i wanted to learn day trading

I am a Bankruptcy lawyer. The only day traders I have ever met became clients. All of em. Dave
by DaveS
Tue May 22, 2012 11:34 am
Forum: Investing - Help with Personal Investments
Topic: What to do with about $25K?
Replies: 8
Views: 1711

Re: What to do with about $25K?

Doesn't VTSAX include small-caps? Why would you suggest overweighting small caps? Thanks! This goes to the heart of the difference between the total market people and the slicers and dicers (now called tilters). The total market people say buy the whole market and keep costs low and over a long tim...
by DaveS
Tue May 22, 2012 7:50 am
Forum: Personal Finance (Not Investing)
Topic: asset protection for doctors
Replies: 51
Views: 5572

Re: asset protection for doctors

I remember 30 years ago in Anchorage, there was a Doctor who was so paranoid about lawsuits that he put everything in his wife's name. She took off down the Alcan Hwy with it all shortly thereafter. Dave
by DaveS
Mon May 21, 2012 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: portfolio review-thank you for the help
Replies: 5
Views: 790

Re: portfolio review-thank you for the help

I does look good. There are some areas that I would do differently. 1) Your bonds are almost all from one issuer, the US Treasury, and your even considering adding to that by switching to I-bonds. I watched the debt limit fight in Congress the last time around, and decided to diversify away from Tre...
by DaveS
Mon May 21, 2012 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Buying a condo
Replies: 8
Views: 2166

Re: Buying a condo

The deal stinks. 1) The problem with buying condos as an investment is appreciation is limited. If prices go up substantially a developer builds a bunch of them nearby and they get the buyers. 2) Current lending guidelines limit the number of rentals. Your 40% guideline seems high to me. The figure ...
by DaveS
Sun May 20, 2012 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with about $25K?
Replies: 8
Views: 1711

Re: What to do with about $25K?

If it was me I would put it to work. Maybe in a small cap fund to complement your taxable holdings. VSS - small international and VBR Vanguard small value come to mind and weight them the same as your current domestic/international ratio. Small caps are more volatile, but your young and can hold the...
by DaveS
Thu May 17, 2012 10:55 pm
Forum: Investing - Theory, News & General
Topic: Limitation of "general obligation" muni bonds
Replies: 4
Views: 780

Re: Limitation of "general obligation" muni bonds

This is another article that confirms that one should not credit the WSJ since it got bought out by Fox. It is an actual fact that no state has defaulted on a GO bond since Arkansas in the dust bowl era. The default rate on muni bonds is almost non existent. But Fox picks the few defaults that have ...
by DaveS
Tue May 15, 2012 8:00 am
Forum: Investing - Theory, News & General
Topic: Be Wary of Fast Growing Companies
Replies: 13
Views: 1244

Re: Be Wary of Fast Growing Companies

There was someone over at the old board who was always trumpeting growth - praising such stocks as Enron, WorldCom, Countrywide, Washington Mutual and a couple of Dot Coms. You never hear from him anymore. Dave
by DaveS
Fri May 11, 2012 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: critique this portfolio
Replies: 7
Views: 824

Re: critique this portfolio

I would go Vanguard Intermediate Term Investment Grade instead of the high yield. I am still undecided about the Bridgeway fund. In recent years Bridgeway has shown considerable tracking error on the down side. It makes you think that it's early out performance was tracking error that happened to be...
by DaveS
Thu May 10, 2012 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Is Bank of America tricking me on foreclosure purchase?
Replies: 70
Views: 4501

Re: Is Bank of America tricking me on foreclosure purchase?

The fact they are playing games indicates that the housing market is bottoming. They would not have tried this when it was still in free fall. Your not buying a sack of grain or some other fungible. You either like the house enough to pay up, or you don't and walk. Nobody teaches B of A a lesson. Th...
by DaveS
Tue May 08, 2012 4:52 pm
Forum: Investing - Theory, News & General
Topic: OK, Maybe I am Wrong on Bonds
Replies: 53
Views: 4990

Re: OK, Maybe I am Wrong on Bonds

I am a good poker player. I don't play more than about 4 times a year. My significant other does not like it, so I only play when my job sends me to Vegas. I am astounded at how bad some players are. They make the stupidest bets. If it existed, those people need to play index poker. So if your tired...
by DaveS
Mon May 07, 2012 11:39 am
Forum: Investing - Theory, News & General
Topic: MSCI Launches More 'Liquid' Frontier Index
Replies: 11
Views: 1297

Re: MSCI Launches More 'Liquid' Frontier Index

Every time I think about frontier markets, my mind goes in the same circle. First I think I can afford to risk some small part of my money in a non correlated asset. Then I look at the countries and say, "Oh, my, Nigeria, Argentina, Vietnam. Kazakhstan, OH NO!" Dave
by DaveS
Mon May 07, 2012 9:22 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice Needed
Replies: 24
Views: 2754

Re: Portfolio Advice Needed

You want tax efficient assets in taxable. Tax inefficient assets in tax free. In order of tax efficiency, worst to best, taxable bonds, REIT, Small Value, Large Value, Total Market, International/Emerging (do to the foreign tax credit), tax free bonds. Also recall that when you inherited you took th...
by DaveS
Mon May 07, 2012 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 11
Views: 1413

Re: Portfolio Review Request

My first impressions are these. 1) What is your infatuation with mid cap stocks? On a risk return scale they fall in between small and large. With the exception of Mel on this forum, people either tilt to small, or don't tilt at all. 2) Right now interest rates are at historic lows. The direction of...
by DaveS
Fri May 04, 2012 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Will this stop us from being able to obtain another Mortgage
Replies: 9
Views: 1200

Re: Will this stop us from being able to obtain another Mort

I assume your going to be a borrower on the mortgage. The fact you have a vacation home should not prevent you from getting another owner occupied home loan. The only thing that might hurt you is if you defaulted on the vacation home and blew your credit that way. If the vacation home was empty when...
by DaveS
Tue May 01, 2012 9:13 am
Forum: Personal Consumer Issues
Topic: Capitulation Thread
Replies: 54
Views: 12018

Re: Capitulation Thread

I really have not changed my investing plan since this thread started in 2008. But somehow I feel more pessimistic today than in November 2008. Dave
by DaveS
Thu Apr 26, 2012 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Asset Allocation help
Replies: 7
Views: 1107

Re: Vanguard Asset Allocation help

If you want to keep it really simple convert the money market to Total Stock Market in the IRA and Total International in the taxable. That would mean a fairly low bond ratio for your age. There are lot of factors in deciding one's ideal stock bond ratio that don't get discussed much. If you own you...
by DaveS
Tue Apr 17, 2012 9:07 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds (The Bogle Rule)
Replies: 135
Views: 14509

Re: Age in Bonds (The Bogle Rule)

I am closer to the age I say I am to the opposite sex. I reason I can afford to have a lower portion in bonds is because I have paid off the mortgage on my house and office. I think it's a good guideline that one can tweak based on your circumstance. Having no mortgage is like "negative bonds" in th...
by DaveS
Tue Apr 10, 2012 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Changed Jobs - Where to put old job's 401k?
Replies: 16
Views: 2555

Re: Changed Jobs - Where to put old job's 401k?

You most likely should roll the old 401 into an IRA such as with Vanguard. Your not getting a lot of responses because we don't know how bad or good the 401 selection of funds is. 1) Most of the 401's in the world are full of high cost, low return funds who sweat talked HR people into selecting them...
by DaveS
Thu Mar 29, 2012 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Checkup
Replies: 9
Views: 1672

Re: Portfolio Review - Checkup

I think you would be better served by eliminating the duplication and by better placement from a tax standpoint. Generally you want assets whose earnings are composed of taxable yield in tax free, assets that earn by appreciating in taxable. Your treating each account as a mini portfolio with a mix ...
by DaveS
Tue Mar 27, 2012 10:16 pm
Forum: Investing - Theory, News & General
Topic: Investors are their own worst enemy
Replies: 19
Views: 2605

Re: Investors are their own worst enemy

I make an effort to answer questions from "newbies" on this board who have not gotten many responses. Over the years I notice that I used to advise a fairly doctrinaire slice and dice portfolio. More recently I ask people to consider whether the will be able to ride out a slump in a market without p...
by DaveS
Tue Mar 27, 2012 10:02 am
Forum: Investing - Theory, News & General
Topic: all about muni bonds
Replies: 28
Views: 3744

Re: all about muni bonds

Since you also asked about the Alternative Minimum Tax (AMT), roughly the AMT defines "tax free" differently. When a state or municipality uses it's taxing power to pay bond holders the bond is AMT tax free and otherwise tax free. GO bonds are an example. When a revenue stream is used to pay bond ho...
by DaveS
Tue Mar 27, 2012 4:38 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Allocation Ideas
Replies: 29
Views: 2570

Re: Portfolio Allocation Ideas

Your emergency fund seems a bit high. If it is a money market fund, it is earning less than inflation. If you want to be cautious with that much money, you might consider a bond fund with a duration of about 3 for say, 20 of the 24 months reserve. That gives you a bit more yield without a lot of ris...
by DaveS
Mon Mar 26, 2012 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Cash???
Replies: 18
Views: 3817

Re: Cash???

I arrange my finances to have as little cash as possible. Keeping a large amount of cash guarantees one result. Your savings loose ground to inflation. I don't really advocate that people should invest when it causes them distress, but consider the certainty of inflation always beating money market ...
by DaveS
Sun Mar 25, 2012 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: 401K is now available to me, time to learn what is going on
Replies: 5
Views: 690

Re: 401K is now available to me, time to learn what is going

I would go with the 500 index just because 30 years of high costs really eats into savings. Then when I got short on the bond allocation I would switch the target retirement to a shorter time like 2020 which has a bigger bond allocation. Who knows, maybe in a couple of years you will have better cho...
by DaveS
Sat Mar 24, 2012 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: 401k plan in local bank
Replies: 2
Views: 309

Re: 401k plan in local bank

If you can get em to buy Vanguard ETF's, your home free. TRowe has some OK funds. Dave
by DaveS
Fri Mar 23, 2012 10:52 am
Forum: Investing - Theory, News & General
Topic: Bogle vs. Jobs
Replies: 24
Views: 2739

Re: Bogle vs. Jobs

I know a lot about Art. There is a wonderful story about Arshile Gorkey, an important early abstract impressionist. There was a debate going on about European and American painting. Someone said the Americans were stealing from the Europeans. Gorkey jumped up ans said "I speak French, I can steal be...
by DaveS
Thu Mar 22, 2012 9:21 am
Forum: Investing - Help with Personal Investments
Topic: What to invest in?
Replies: 4
Views: 528

Re: What to invest in?

Remember utilities, the stocks for widows and orphans, take a look at the etf XLU. It pays about a 4% dividend. Note the fact I recommend this one etf is not as a substitute for a allocation plan, or a diversified portfolio, just something with a low level of risk, compared to other equities, that p...
by DaveS
Thu Mar 22, 2012 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Investing from scratch (well almost) overseas
Replies: 6
Views: 629

Re: Investing from scratch (well almost) overseas

There are sample portfolios and a lot of good information on the Wiki this site. Also if you go to http://www.IRS.gov and run IRA through a search engine, you should be able to find the publication that will advise you if you and yours qualify to set one up. Nothing beats tax free compounding when y...
by DaveS
Thu Mar 22, 2012 12:02 am
Forum: Investing - Theory, News & General
Topic: Diversifying to Minimize Sovereign Default Risk
Replies: 30
Views: 1971

Re: Diversifying to Minimize Sovereign Default Risk

....will foreign bonds (also: held through a domestic fund family.... my bold I have my doubts on holding foreign securities via US accounts. Could be frozen on either end, re/patriated either end, or if financial system in US fell apart, maybe no access. Assets directly owned overseas might still ...
by DaveS
Wed Mar 21, 2012 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Auto insurnace claim for a minor accident?
Replies: 11
Views: 3409

Re: Auto insurnace claim for a minor accident?

No it will not count as a point on your license, nor go to the DMV. There is a saying "never try to insure a risk you can handle", but that is to guide you when you decide on a deductible. Personally I would not tender the claim to them, but I don't have strong feelings one way or the other. If you ...
by DaveS
Wed Mar 21, 2012 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling a Home (@ loss) and Buying a Home
Replies: 7
Views: 973

Re: Selling a Home (@ loss) and Buying a Home

I am originally from Alaska. In the early 80's the state had so much oil revenue it gave everyone in the state who wanted access to low cost near 100% financing. That created so much demand that housing prices doubled in a short time. Then the state got hit with a recession and foreclosures amounted...
by DaveS
Wed Mar 21, 2012 7:03 am
Forum: Investing - Theory, News & General
Topic: Diversifying to Minimize Sovereign Default Risk
Replies: 30
Views: 1971

Re: Diversifying to Minimize Sovereign Default Risk

I happen to be going in the opposite direction as your thinking. I was and continue to be shaken by the US deficit impasse last summer. I see a portfolio of the bonds of dozens of countries, being a bit safer than holding just US treasury - one country. If your really worried about a country default...
by DaveS
Tue Mar 20, 2012 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: How was my credit card stolen?
Replies: 41
Views: 4966

Re: How was my credit card stolen?

I know how we can catch the card thieves. They are the ones posting here who say they have just come into a lot of money and they don't know a thing about investing. Dave
by DaveS
Tue Mar 20, 2012 7:05 am
Forum: Investing - Theory, News & General
Topic: Financial repression = 1/3rd foreign bonds for me?
Replies: 7
Views: 877

Re: Financial repression = 1/3rd foreign bonds for me?

I hold some foreign bonds. WIP, ELD and IBND that is World Inflation Protected, Emerging Markets, and International corporate. All are unhedged and in currencies other than the dollar. I don't know your age. A younger person with maybe only a 30% bond allocation can get enough international equities...
by DaveS
Mon Mar 19, 2012 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: New-ish Investor, Where to Go Next?
Replies: 5
Views: 615

Re: New-ish Investor, Where to Go Next?

I will tell you you have collected some really expensive funds that I don't think will perform well at all. The STAR in the roth is ok. Generally you want tax inefficient assets in tax free tax efficient in taxable. In order of tax effiency worst to best; taxable bonds, REIT, Small Value, Large US, ...