Search found 1049 matches

by Wakefield1
Thu Feb 15, 2018 2:18 pm
Forum: Personal Investments
Topic: Simple Vanguard Deposit Question
Replies: 10
Views: 1425

Re: Simple Vanguard Deposit Question

Does anyone know whether Vanguard will accept a deposit submitted with a hand-written note asking for deposit to a particular account? I threw in a photocopy of a check for the account. No, I don't have any deposit slips or prepaid envelopes. Does VG even provide these any longer? By contrast, I am...
by Wakefield1
Thu Feb 15, 2018 2:11 pm
Forum: Personal Investments
Topic: Simple Vanguard Deposit Question
Replies: 10
Views: 1425

Re: Simple Vanguard Deposit Question

As of a couple of months ago I was able to order "Invest by Mail" slips for my traditional Vanguard mutual fund but that one has now become "Admiral"(slips are for "Investor" shares) I believe that under almost all circumstance you can deposit by check or other means in...
by Wakefield1
Wed Feb 14, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 41131

Re: What if you only live off dividends?

I am pretty sure that in 1930 buying a diverse list of stocks,dividend paying or not, was a lot harder than today. I'm sure there wasn't anything like "IDX 500 ADM" mutual fund available. Ancestor of Wellington Fund :P :moneybag :P Front end load? :confused Ancestor of Pioneer Fund-would t...
by Wakefield1
Tue Feb 13, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 41131

Re: What if you only live off dividends?

What if you drop this assumption altogether and just withdraw the dividends and bond interest payments? If you can live off of just dividends then you are rich. Congratulations on your financial success. Telling people "just be rich" doesn't seem like useful advice. :D :D :D :D :D :D :idea:
by Wakefield1
Mon Feb 12, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Passive Investing Best For A 'rigged Market'? [insider trading]
Replies: 13
Views: 1754

Re: Passive Investing Best For A 'rigged Market'? [insider trading]

Insider trading just means that stocks are MORE fairly priced because insider information is being priced in. This is bad news if you're trying to price discover without insider info (active trading) and neutral news if you're a passive investor. :happy :happy :happy :happy :happy :happy :happy (I ...
by Wakefield1
Mon Feb 12, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns
Replies: 41
Views: 5540

Re: L.L. Bean, Citing Abuse, Tightens Its Generous Policy on Returns

I wonder if they would try to replace the worn out shock cord in the poles of my Bean Pack Tent.
This issue reminds me of people who buy up old rusty or broken tools and then try to exchange them for brand new ones :annoyed at Sears/Craftsman or even at Snap On.
by Wakefield1
Fri Feb 09, 2018 6:47 pm
Forum: Personal Investments
Topic: Prime MM returns
Replies: 6
Views: 938

Re: Prime MM returns

It seems to pay monthly,so if you reinvest proceeds back into the principle I guess it compounds monthly I get confused sometimes about "APY" and compounding but I think monthly pay and compounding is common to many bank savings accounts and Certificates of Deposit-does the "APY"...
by Wakefield1
Fri Feb 09, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 16178

Re: "The stock market is officially in a correction... here's what usually happens next"

You know, I see the correction happening, and I am marveling at how my 'psychological' reaction has changed, as a result of finding this site three years ago. Seriously, it is night and day. I think having this forum is very, very helpful in controlling the behavioral aspect of investing. Five year...
by Wakefield1
Fri Feb 09, 2018 12:19 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 191
Views: 27489

Re: Bitcoin in Freefall

Vanguard Blog now has an article about Bitcoin as an investment (Joe Davis,Feb.6)
highly negative as to the value or safety of Bitcoin as an investment or even as a currency
by Wakefield1
Thu Feb 08, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20768
Views: 2836569

Re: U.S. stocks in freefall

Nothing to see here folks... the stock market went out on the town the last 12 months and had a little too much to drink. A few inglorious vomits, but everything will be fine in the morning. It's always tempting to speculate whether the selling driving the losses is recent money that fueled the rec...
by Wakefield1
Wed Feb 07, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Didn't Get Tested You Did - WSJ Zweig
Replies: 20
Views: 4399

Re: Stock Market Didn't Get Tested You Did - WSJ Zweig

All I did was buy more. Guess I was right about my risk tolerance I don’t really view equities as risky (overtime). Very volatile in the short term - but not necessarily “risky” It helps having 20 years to ride out obviously Equities are risky not because they can drop but because they can drop rig...
by Wakefield1
Tue Jan 30, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Investing Behavior Pitfalls: Trying to "Win" the race.
Replies: 2
Views: 605

Re: Investing Behavior Pitfalls: Trying to "Win" the race.

When to try to win the footrace when just finishing it would be a great achievement
by Wakefield1
Sat Jan 27, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 16188

Re: When did the bad news start in 2008?

The 2008-2009 financial crisis was many years in the making. The roots of the problem probably go back 30 years or so before the crisis hit. I feel that some of those roots haven't been pulled up and could start putting up weeds again. Money in my credit union that could have bought a house outrigh...
by Wakefield1
Fri Jan 26, 2018 10:48 am
Forum: Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 5976

Re: Buying a home - Financial Benefits? HCOL

5 Autonomy. No rules. Do as you wish to the place to fit you. 6 Having a place of your own. (priceless) j :D This is very significant especially if it is good for gardening or close to or on land that you love to recreate on. Your own forest preserve? Bernd Heinrich : "The Trees in my Forest&q...
by Wakefield1
Wed Jan 24, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: are updated 2017 IRS tax forms and instructions available?
Replies: 8
Views: 873

Re: are updated 2017 IRS tax forms and instructions available?

I got a postcard from the IRS yesterday that said that the tax forms I ordered (2017) are not yet available,no need to reorder,they will be sent when ready.
by Wakefield1
Tue Jan 23, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 247
Views: 282817

Re: [Why did my fund suddenly drop in value?]

Now some of my funds will truly drop in value at distribution time: I need a little more income (building up my possible housebuying/downpayment war chest) so I reconfigured some of my Vanguard taxable account funds to pay dividends to my Credit Union account instead of reinvesting them (you can do ...
by Wakefield1
Tue Jan 23, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CEO - "4-4.5% Market Returns Over The Next Decade"
Replies: 35
Views: 6632

Re: Vanguard CEO - "4-4.5% Market Returns Over The Next Decade"

Would a steady 4% feel better than a roller coaster with 40% moves in both directions that eventually ends up with the 4% effective return after all of the drama? Unfortunately the markets seem to act like roller coasters 4% on a passbook bank account or even a CD would look pretty good now When I w...
by Wakefield1
Fri Jan 19, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Say...Auto Insurance
Replies: 36
Views: 3442

Re: Can You Say...Auto Insurance

Update, I thought to myself who do I really like... Warren Buffet & Berkshire Hathaway came to my mind. I own a small part of Berkshire Hathaway in my TSM fund. Might as well profit on my own policy. I switched all my insurance to Geico. I ended up with better coverages 300/300/100 for less tha...
by Wakefield1
Tue Jan 16, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 9361

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

The saddest thing about this probably is that the most fragile investors,scared of the memories of the last bear or crash,are the last getting lured in by the excitement near the top,they are liable to be the first to bail and get burned when the "correction" comes. They probably help fuel...
by Wakefield1
Tue Jan 16, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 9361

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Market might not be efficient but it is more efficient than I or most investors trying to outguess it.
by Wakefield1
Tue Jan 16, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 9361

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

Lets suppose I have good investments. If I were a market timer I would try to sell them while they are ridiculously overpriced. But not being a market timer if I just continue to hold them (and save or pocket the dividends),because they are good investments (I hope) they will continue to be worthwhi...
by Wakefield1
Tue Jan 16, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: A 4% move in the Dow and S&P in 12 days? Seems odd
Replies: 94
Views: 9361

Re: A 4% move in the Dow and S&P in 12 days? Seems odd

I believe I heard some market guru say that upside moves or toppings end when the bulk of the investing public (including new investors drawn to the excitement of the rising market?) runs out of new money to throw in
by Wakefield1
Mon Jan 15, 2018 12:03 am
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 2613

Re: Will IRS make paper tax forms available?

Looks like I managed to place an order via Google: "order irs forms by mail" last year's bookmark didn't work and I couldn't find "order by mail" in a few minutes of moving around on the IRS site but the Google item brought up an order page which I think are the links that xenial...
by Wakefield1
Sun Jan 14, 2018 11:29 pm
Forum: Personal Consumer Issues
Topic: Will IRS make paper tax forms available?
Replies: 23
Views: 2613

Will IRS make paper tax forms available?

Tax forms: I remember the good old days when paper blank tax forms could be picked up from the Post Office or Library. I have been able in the past few years to order them online from the IRS and State tax authority. I just tried going to last year's bookmarked ordering pages and "page not foun...
by Wakefield1
Sat Jan 13, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 50
Views: 6713

Re: why do banks bother offering lousy CD rates?

I have been trying to get my elderly mother interested in placing some of her CD/Savings in the Credit Union which is just other side of the intersection from the bank she loves (used to be Arlington Trust) where she might get $50. a month instead of a nickel (just a small exaggeration) Some people ...
by Wakefield1
Sat Jan 13, 2018 1:51 pm
Forum: Personal Investments
Topic: Switching my Roth IRA to Vanguard
Replies: 5
Views: 699

Re: Switching my Roth IRA to Vanguard

I believe there is a fee for small IRA and/or taxable accounts that is waived if you "turn off" paper statements,that is get everything online.
by Wakefield1
Fri Jan 12, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 45
Views: 4942

Re: Energy sector time to turn around?

It looks like the Dow Utilities Index stocks are "missing in action" from the Wall Street Party.
by Wakefield1
Wed Jan 10, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 17197

Re: Bonds Are Riskier Than People Think

As to whether the Bank CD puts anything at risk/is it an investment or just savings? What if I buy ,say,a 2 year CD and one week later the interest rate goes UP!(on new ones): :annoyed Then I am faced with the possible decision to break it (if the bank will allow it which it doesn't have to do early...
by Wakefield1
Wed Jan 10, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did I need a lawyer after an accident?
Replies: 29
Views: 3050

Re: Did I need a lawyer after an accident?

Wouldn't your own Insurance Agent and/or Company be one of the first sources to turn to for assistance with getting accident claims straight and paid up? Would this be rather straightforward provided proper Police reports were made? (Except for possible 'pain and suffering" claims?)
by Wakefield1
Tue Jan 09, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: Fertilize dormant plants in winter?
Replies: 13
Views: 1392

Re: Fertilize dormant plants in winter?

A very slow material to break down such as bone meal or greensand probably wouldn't hurt anything. Quickly available nitrogen would simply wash or leach away. Use of Potassium Sulfate might be good in Autumn where it might help the plants with winter hardiness. (Potassium Sulfate,never Potassium Chl...
by Wakefield1
Mon Jan 08, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 326
Views: 51142

Re: Anyone disenchanted with retirement?

My retirement was mainly made necessary by things happening with my mother and brother in our household so I sometimes wish for the old days back,and especially now that my old Foremen/supervisor (from the Valley,his dad was a B&O Railroad Engineer) is no longer living (he retired a year before ...
by Wakefield1
Thu Jan 04, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 112
Views: 11861

Re: Heading for a top?

Dow Jones Utilities Index down a bit again today? Is it considered to have any predictive value at all when that index moves down during an otherwise frothy market?

Perhaps correlated to falling bond prices?
by Wakefield1
Thu Jan 04, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: ID theft and check cashing fraud
Replies: 97
Views: 8464

Re: ID theft and check cashing fraud

It is likely that other members of that gym have had locker theft or breakin problems. There is something wrong if the gym will not cooperate with the victim as to the fact that they had surveillance video but will not act on it. Likely the thief checks for lockers that can be robbed from time to ti...
by Wakefield1
Wed Jan 03, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are retirement accounts?
Replies: 19
Views: 2111

Re: How safe are retirement accounts?

OldSport wrote: Wed Jan 03, 2018 11:40 am

If any attempt is made to change Roth IRA tax rules, there will be massive revolt and litigation, as that would be punitive double taxation, since those are fully funded with post tax funds.
I will vote against anyone who I think would do such a thing.
by Wakefield1
Wed Jan 03, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 10176

Re: What the experts say about Bitcoins?

Some people make a lot of money with Ponzis and Bubbles. Requires the proper market timing and/or luck.
by Wakefield1
Tue Jan 02, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 9444

Re: Paying off mortgage before investing at all?

Or pay just a little extra against the mortgage but not too much!
by Wakefield1
Tue Jan 02, 2018 6:23 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 9444

Re: Paying off mortgage before investing at all?

OP, If a person does not put any money into his/her tax-deferred accounts like 401K, he/she pay full marginal tax rate plus state income tax on any money that he/she pre-pay the mortgage with. Assuming a marginal tax rate of 25% and state income tax of 5%. Does it make any sense to pay 30% tax in o...
by Wakefield1
Tue Jan 02, 2018 12:25 pm
Forum: Personal Investments
Topic: Nondeductible IRA rollover to Roth IRA
Replies: 10
Views: 879

Re: Nondeductible IRA rollover to Roth IRA

If you go with option 1, you can still recharacterize....but why do it that way? Just go ahead and do the back door and convert now. Note, that cannot be recharacterized. Some worry that the market will go down and you will have paid taxes on more money than you have at the end of the year. No big ...
by Wakefield1
Mon Jan 01, 2018 7:22 pm
Forum: Personal Investments
Topic: Avoid state income tax on Roth IRA contribution?
Replies: 16
Views: 2837

Re: Avoid state income tax on Roth IRA contribution?

In the State of Virginia you pay income tax on your Roth Conversion of deductible IRA funds or your current year contribution to Roth IRA As far as I know withdrawals of Roth IRA funds in good order (account open 5 years or more,you are old enough) are free of State taxation as well as Federal taxat...
by Wakefield1
Mon Jan 01, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 10779

Re: Individual Stocks That Went Bust

Does anyone remember Arlington Trust or Clarendon Trust? I think they were part of "Financial General Bankshares"? Became "First American Bank" then got closed down because of some kind of association with or being bought out by a Middle Eastern bank? I think the Middle Eastern b...
by Wakefield1
Mon Jan 01, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated quarterly taxes, what is the process?
Replies: 10
Views: 1885

Re: Paying estimated quarterly taxes, what is the process?

There may be some "safe harbor" for being under withheld and/or not having paid all of the Estimated Tax owed at filing time for such circumstances as having paid at least as much as the previous year's total tax bill. Or owing less than $1000. State might be different.
by Wakefield1
Mon Jan 01, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Paying estimated quarterly taxes, what is the process?
Replies: 10
Views: 1885

Re: Paying estimated quarterly taxes, what is the process?

You need to get IRS forms and probably forms from your State-I think the IRS form is "Form 1040 ES" I think the forms come in a packet of 4 or 5 for the tax year with the due dates on them and instructions-I think there are very specific instructions as to what to write on the check sent a...
by Wakefield1
Sun Dec 31, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 2091

Re: help me optimize new snow tires

Wow you're getting some odd advice that's all over the map. In fact everything depends on your driving habits/requirements and related issues like how long you're going to keep this van. Unless you have and are willing to spend lots of money. As in many cases lots of money answers all questions and...
by Wakefield1
Sat Dec 30, 2017 6:10 pm
Forum: Investing - Theory, News & General
Topic: How did you guys do in 1966 - 1980?
Replies: 34
Views: 4125

Re: How did you guys do in 1966 - 1980?

Talk around my parents and friends was that "rich people" invest at Merrill Lynch or somewhere similar and that ordinary people couldn't afford it. The insurance man (whole life) used to come around a couple times a year. (circa 1960) In the 1970s however an older fairly well off retiree t...
by Wakefield1
Sat Dec 30, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 10779

Re: Individual Stocks That Went Bust

I understand that Armstrong Tool's factory got closed down but did the business go out? They used to build stuff for Sears/Craftsman brand as well as their own brand Was Armstrong Products of Huntington West Virginia (made space heaters and appliances) (factory got torn down several years ago and re...
by Wakefield1
Sat Dec 30, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 10779

Re: Individual Stocks That Went Bust

Wasn't the Blackstone financial colossus founded by an ejected principal of Lehman Brothers?
by Wakefield1
Sat Dec 30, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 10779

Re: Individual Stocks That Went Bust

Pennsylvania Railroad/Penn Central Erie Lackawanna Packard :( Tecumseh Engines (did the part of the business that made refrigeration compressors go under also?) Clinton Engines Eastern Airlines Braniff Pan Am (took a couple others down too) American Locomotive (also made/built nuclear reactor compon...
by Wakefield1
Fri Dec 29, 2017 2:55 pm
Forum: Personal Investments
Topic: will VG allow me to open additional accounts?
Replies: 3
Views: 575

Re: will VG allow me to open additional accounts?

I certainly have multiple mutual funds within a Vanguard account I can add an additional mutual fund to my smorgasbord should I so desire. I can move funds from one mutual fund to another(might generate additional work on my tax return),use "Invest by Mail" slips that are specific for each...
by Wakefield1
Fri Dec 29, 2017 1:16 am
Forum: Personal Investments
Topic: Is Roth IRA conversion easy with Vanguard?
Replies: 26
Views: 4031

Re: Is Roth IRA conversion easy with Vanguard?

Just remember that you may need to send in an Estimated Tax payment to the State along with their official form (as well as to U.S. Treasury per IRS Estimated Tax form)
there may be some other ways to pay the tax or maybe have extra money withheld