Search found 2753 matches

by rgs92
Fri Aug 28, 2020 3:10 pm
Forum: Personal Investments
Topic: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather
Replies: 62
Views: 6891

Re: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather

For anyone who wants an advisor, I would say Vanguard PAS is the best option by far. I think it would be great if he signs up for PAS before he gets involved with someone else who would probably be much more expensive and have worse performance. It's the safest path IMHO. (It's a minefield out there...
by rgs92
Wed Aug 26, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6772

Re: Poll of the retirees among us--spending in retirement

If you have Medicare and decent supplemental insurance and drug insurance (and also long term care insurance), are you still vulnerable to high medical expenses as you age?

Also, I am curious if the reported expenses here (from the study and the comments) include income taxes or not.
Thank you.
by rgs92
Wed Aug 26, 2020 12:37 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11890

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I prefer to follow the efficient frontier approach rather than extreme allocations in any direction at any age. (In deference to Taylor's recent post about using plain English rather than jargon, this means a mixed allocation of stocks and bonds at all times leads to the best long term balance of gr...
by rgs92
Wed Aug 19, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3487

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

OK, thanks for the advice. I assume it's a good idea to make sure any agreement with an agent should be specifically classified as non-exclusive.
by rgs92
Wed Aug 19, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3487

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

OK, thanks for the quick response. So just to be sure, as long as I don't sign anything, I am safe to anything I want.
I usually just see houses that I am interested in by just calling the listing realtor and meeting them there. Nothing is in writing.
by rgs92
Wed Aug 19, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3487

Am I entitled to bring in my own real estate agent after a showing by the listing agent?

If I call the listing agent for a house just to see it, am I entitled to later bring in another agent to represent me if I want to make an offer? Can the listing agent insist they want to be the only agent involved? Also, more specifically, if a listing agent shows me a house, could I, for example, ...
by rgs92
Wed Aug 19, 2020 5:18 pm
Forum: Personal Investments
Topic: Question About Corporate Bonds
Replies: 34
Views: 2097

Re: Question About Corporate Bonds

I would think of transferring everything to Fidelity (into a regular individual brokerage account) and then you will see a formal description of each item. Then you can ask (or just try online) to sell each holding and see a value of the proceeds of each sale. And you can call them for info on each ...
by rgs92
Fri Aug 14, 2020 1:49 pm
Forum: Personal Investments
Topic: Jumbo Refi / No good rates
Replies: 5
Views: 869

Re: Jumbo Refi / No good rates

Jumbo rates have dropped significantly quite suddenly. A 30-year jumbo mortgage is now under 3.25% and the 15 year jumbo is under 2.75%.
Sources: Bankrate, Nerdwallet, and others.
by rgs92
Fri Aug 14, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why have jumbo mortgage rates dropped today?
Replies: 2
Views: 647

Re: Why have jumbo mortgage rates dropped today?

Bankrate shows (just now) for jumbos at 30-year/15-year = 3.25%/2.69%.
by rgs92
Fri Aug 14, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why have jumbo mortgage rates dropped today?
Replies: 2
Views: 647

Why have jumbo mortgage rates dropped today?

Bankrate.com (and CNBC) show a sudden drop in jumbo mortgage rates. I see 3.17% for a jumbo 30-year, and 2.75% for a jumbo 15-year. This is odd, since a few days ago it was almost a whole percent higher. This is about the same as a conforming loan. I don't see that the overall yield curve has flatte...
by rgs92
Wed Aug 12, 2020 12:31 am
Forum: Investing - Theory, News & General
Topic: Equities and inflation
Replies: 65
Views: 3396

Re: Equities and inflation

I always trust (well, my leap of faith here) that since inflation means higher prices, and companies are the ones raising prices, thus generating higher revenue, and the higher revenue will produce higher profits which will flow to you, the stock owner. Pricing power is everything when you need to b...
by rgs92
Wed Aug 12, 2020 12:24 am
Forum: Personal Consumer Issues
Topic: Herman Miller Aeron chair
Replies: 64
Views: 5010

Re: Herman Miller Aeron chair

I put this on my deskchair now and like it a lot. TravelMate Extra-Large Memory Foam Seat Cushion – Perfect for Office Chair and Wheelchair – Does Not Slip Even on Smooth Marble Floors – Washable & Breathable Cover – Relieves Back Pain – 19”x17”x3” It's on Amazon and other places. https://www.amazon...
by rgs92
Wed Aug 12, 2020 12:12 am
Forum: Personal Consumer Issues
Topic: SOLVED was: Ideas for hard-to-find OTC supplement?
Replies: 11
Views: 837

Re: SOLVED was: Ideas for hard-to-find OTC supplement?

Check out the documentary section of Amazon Prime Video Movies. They have some pretty interesting offbeat movies. Some of these are pretty recent. I will note that they have Laurel Canyon (2 parts) that is about the music scene there in the early 1970s (with lots of rare clips). (This was a recent s...
by rgs92
Tue Aug 11, 2020 11:36 pm
Forum: Investing - Theory, News & General
Topic: Another "Investment Gem"
Replies: 2
Views: 797

Re: Another "Investment Gem"

Peter Lynch: I have no idea which whether the next 1000 points on the Dow will be up or down, but I know the next 10,000 points will be up.

(He said this in 2001.)
by rgs92
Sun Aug 09, 2020 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Citi credit card refunds
Replies: 7
Views: 1085

Re: Citi credit card refunds

Yes, the thing to do is dispute the charge if the merchant won't give you a refund that you feel they owe you (in a reasonable time, like a month or so). Once you do, you will not have to pay that amount while the dispute issue is still active. And no interest can be charged either while this is goi...
by rgs92
Wed Aug 05, 2020 8:09 pm
Forum: Personal Investments
Topic: Alternative 2 Fund Portfolio
Replies: 17
Views: 1529

Re: Alternative 2 Fund Portfolio

VBIAX (Vanguard Balanced Index) is the 2-fund portfolio that rebalances every day (for 7 basis points). This should do exactly what you want as a 60/40 allocation if you can live with this permanent asset allocation. It's really all you need without any more thought (especially if you are not intere...
by rgs92
Mon Aug 03, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Sunday NYT article Mutual Fund Winners Don't Stay Ahead for Long
Replies: 14
Views: 2027

Re: Sunday NYT article Mutual Fund Winners Don't Stay Ahead for Long

Nowadays Louis Rukeyser and W$W have been replaced by Bogleheads.org cheerleading on the Total Stock Market Index fund which is now the momentum play. I can relate. 20 years ago I started up my Roth IRA in T Rowe Price Equity Income (PRFDX) because I used to see Brian Rogers, its fund manager, all ...
by rgs92
Mon Aug 03, 2020 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 179
Views: 22932

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

Well, $100,000 will buy a fixed annuity for mid-life people that generates about $500 a month for life (at least that was the case for many years up until recently). So that's a linear 200-to-1. That's the rule of thumb I always keep in my head. So a for $100 a month you need a lump sum of $20,000. ...
by rgs92
Mon Aug 03, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3982

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

The Target credit card gives 5% back at Target. (And has for as long as I can remember, like 20 years.) I never heard of a Target debit card. So I am confused at the earlier mention of this a bit above this post. Is there a Target debit card that gives you more than 5% back? If so, I'd be curious. T...
by rgs92
Fri Jul 31, 2020 11:11 pm
Forum: Personal Investments
Topic: Fidelity Puritan or Balanced Versus Three Fund Approach
Replies: 23
Views: 2343

Re: Fidelity Puritan or Balanced Versus Three Fund Approach

You really can't mimic Puritan or Balanced because they are actively managed funds. If you are in Fidelity you are probably better using one of the Fidelity Freedom Index funds (target funds with different target years). FQIFX (the 2025 version with roughly 35/25/40 US stocks/Foreign Stocks/Fixed In...
by rgs92
Fri Jul 31, 2020 11:00 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5871
Views: 1391776

Re: What Movie Have You Recently Watched?

Laurel Canyon (both of the 2 parts). On Epix or Amazon Prime. (This is a new -2020- release.) Very good; rare performances and footage.
by rgs92
Fri Jul 31, 2020 5:54 pm
Forum: Personal Investments
Topic: Roboadvisor vs. S&P500 Index Fund
Replies: 11
Views: 1400

Re: Roboadvisor vs. S&P500 Index Fund

I would not think any reasonable evaluation of performance could be based on a time period of a year and a half. There is always a list of broad-based mutual funds that perform better than index funds for limited periods of time, even multiyear or decade-long periods. But beyond that, this is not th...
by rgs92
Fri Jul 31, 2020 2:36 pm
Forum: Investing - Theory, News & General
Topic: Trying to Understand ETF Buy/Sell
Replies: 8
Views: 361

Re: Trying to Understand ETF Buy/Sell

An ETF trades just like a stock. Just think of it like a stock and you can see the price minute by minute by looking at the 1-day chart on Fidelity or any popular financial site (where you can also see the vital stats like P/E, yield, etc.). Some of that stats vary by site, so look at a couple, like...
by rgs92
Fri Jul 31, 2020 12:20 am
Forum: Personal Consumer Issues
Topic: Rechargeable batteries AA AAA etc.
Replies: 36
Views: 2077

Re: Rechargeable batteries AA AAA etc.

I use the Duracell AA rechargeable in a radio (a C.Crane radio) and they work fine. I also put some in a remote and they seem to work well. I got them from Amazon. A 4-pack of them is $12.66 . The reviews are fine(over 3500 of them, 4.5 starts on avg).
by rgs92
Thu Jul 30, 2020 7:16 pm
Forum: Personal Consumer Issues
Topic: Need to destroy old external Hard Drives
Replies: 103
Views: 5564

Re: Need to destroy old external Hard Drives

I would just format the drives if you can get them working.
by rgs92
Thu Jul 30, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3982

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

As far a groceries go, Amex Blue Cash Everyday gives you 3% back on groceries for no annual fee. (This is often mentioned on the forum.) I think there is a limit to the rewards, so it makes sense for a couple (or all adults in the household) to each get a separate account to maximize the rewards. Ye...
by rgs92
Tue Jul 28, 2020 5:50 pm
Forum: Personal Investments
Topic: Why is this SPIA a bad idea?
Replies: 68
Views: 5420

Re: Why is this SPIA a bad idea?

Thanks R.Med. True that the 3-funder is not a true substitute for an inflation-tracking lump of money, but since it's invested over time, there is a good chance it would be close (well, after a little leap of faith). And at other points, I suppose you could buy some TIPSs with it, or a TIPS fund. Th...
by rgs92
Tue Jul 28, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: USPS insurance claim.
Replies: 22
Views: 1749

Re: USPS insurance claim.

You can ship anything the USPS carries to a PO Box. And, as noted by others above, the hold it and you ask for it at the service counter. Usually they put a note in the box, but you should just track it and when it's delivered, go ask for it and show them your key. (Sometimes they forget the note.) ...
by rgs92
Tue Jul 28, 2020 5:29 pm
Forum: Personal Investments
Topic: Why is this SPIA a bad idea?
Replies: 68
Views: 5420

Re: Why is this SPIA a bad idea?

Can't you roughly mimic an inflation-adjusted annuity by setting aside a part of each monthly payment from a simple fixed SPIA and investing it into a 3-fund-portfolio? Of course, this would take some discipline, so it's easier said than done, but that's a behavior-related issue. By the way, Fidelit...
by rgs92
Tue Jul 28, 2020 1:05 pm
Forum: Personal Consumer Issues
Topic: How do HD OTA Antennas work?
Replies: 60
Views: 5832

Re: How do HD OTA Antennas work?

Thank you. I thought you would need (an expensive) lightning rod or lightening arresting system.
by rgs92
Tue Jul 28, 2020 12:18 pm
Forum: Personal Investments
Topic: Mid-Life / Mid-Career Crossroads - Help Us Make Sense of it All
Replies: 44
Views: 5339

Re: Mid-Life / Mid-Career Crossroads - Federal Couple - Help Us Make Sense of it All

I usually recommend that the main consideration in a career is job security above all else unless you have a particular passion or special talent for some sort of vocation. This is analogous to the Boglehead principle of investing in the entire stock market since it's apparently the only reliable st...
by rgs92
Tue Jul 28, 2020 12:14 pm
Forum: Personal Consumer Issues
Topic: Pay Property and Income Tax Online or via Snail Mail
Replies: 17
Views: 1260

Re: Pay Property and Income Tax Online or via Snail Mail

I avoid using snail mail (or anything that involves paper) for anything if I can, just on principle.
by rgs92
Tue Jul 28, 2020 12:12 pm
Forum: Forum Issues and Administration
Topic: Proposal to represent a dynamic word cloud in Boglehead's main page
Replies: 82
Views: 5417

Re: Proposal to represent a dynamic word cloud in Boglehead's main page

From recent posts, I think gold would be a prominent occurrence.
by rgs92
Tue Jul 28, 2020 12:00 pm
Forum: Personal Consumer Issues
Topic: How do HD OTA Antennas work?
Replies: 60
Views: 5832

Re: How do HD OTA Antennas work?

I would worry about lightning hitting a roof antenna.
by rgs92
Mon Jul 27, 2020 6:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5871
Views: 1391776

Re: What Movie Have You Recently Watched?

Tower Records; Dying Laughing; Gilbert Gottfried; The Bill Murray Experience; Cassette; Misery Loves Comedy; Back In Time [about the making of Back to the Future and also its fanbase]. (All on Peacock; these are documentaries[non-fiction]; I think some are on Amazon Prime Video too and maybe elsewhe...
by rgs92
Sun Jul 26, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: SP500 is top heavy - Alternatives to cap weighted - equal weighted or Mid cap fund?
Replies: 56
Views: 5582

Re: SP500 is top heavy - Alternatives to cap weighted - equal weighted or Mid cap fund?

Cap-weighting is a good thing. It forces you to buy stocks that, although they have soared and may have high P/Es, have lots of room to grow. Buying the S&P500 forced you to buy a decent amount of Apple 5 or 10 years ago (and lots of other high performing stocks). Normally, one might have said that ...
by rgs92
Thu Jul 23, 2020 11:33 pm
Forum: Personal Consumer Issues
Topic: Microsoft OneDrive questions
Replies: 13
Views: 1270

Re: Microsoft OneDrive questions

If something is really important, I would store it in both onedrive and googledrive.
by rgs92
Thu Jul 23, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1935

Re: Take the entire IRA SPIA (annuity) as income?

I never heard the term relict, but it seems useful now that I looked it up:
a surviving species of an otherwise extinct group of organisms

I never know what new thing I will learn on Bogleheads. Thanks for that.
by rgs92
Thu Jul 23, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1935

Re: Take the entire IRA SPIA (annuity) as income?

Yep, I think that will work if you are both over 59.5.
by rgs92
Thu Jul 23, 2020 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1935

Re: Take the entire IRA SPIA (annuity) as income?

You will have reported income on your 1099R for every monthly income distribution. It's complicated. You may be able to if you are both over 59.5. I would ask Fidelity. Call their annuity dept. It has to do with the fact that the IRA funding it is individual. And the rules about having it qualify fo...
by rgs92
Thu Jul 23, 2020 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1935

Re: Take the entire IRA SPIA (annuity) as income?

As far as I know, the SPIA payments are always distributed as income and are reported in a 1099R as distributions. They do not exist within a container account like an IRA. I have never heard of this and the ones I have from major insurance companies never even presented this as a possiblity. I'm ju...
by rgs92
Thu Jul 23, 2020 4:57 pm
Forum: Personal Consumer Issues
Topic: Just Ordered Peloton Bike
Replies: 165
Views: 17041

Re: Just Ordered Peloton Bike

The main issue is bikes vs. ellipticals as I see it. There were Pelotons at my gym and I tried them, but I much preferred the solid feel and smooth, long stride of the Precor ellipticals I had been using for many years (various high end models). I recommend Precor ellipticals to anyone looking for a...
by rgs92
Wed Jul 22, 2020 11:50 pm
Forum: Personal Consumer Issues
Topic: top suvs for tall driver & good mpg
Replies: 36
Views: 2440

Re: top suvs for tall driver & good mpg

I have long legs and most cars or even SUVs don't give me enough drivers-seat legroom (I end up sitting on foam wedges to lift my knees up). But at the car show a few years back, I found a Chevy Yukon Denali to have tons of room for my legs and felt really comfortable. Curiously, the Cadillac Escala...
by rgs92
Wed Jul 22, 2020 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Best options for loans when buying new house until current one sells?
Replies: 5
Views: 418

Re: Best options for loans when buying new house until current one sells?

I had a HELOC on my house, listed it, and left it in place until I sold it. I never heard about any restriction on having an active HELOC on a house that's for sale. You just need to close the HELOC account a bit before you actually close on the sale. It only came up when they lawyer got involved in...
by rgs92
Tue Jul 21, 2020 9:27 am
Forum: Personal Consumer Issues
Topic: Walking OK with sun exposure?
Replies: 87
Views: 6056

Re: Walking OK with sun exposure?

Thanks again TSR. I have indeed looking for a good breathable hat and never knew there were so many choices and that hat technology had advanced so far.
by rgs92
Tue Jul 21, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Optimal Social Security Benefits Claiming Strategy - Her Husband Just Passed Away
Replies: 11
Views: 1390

Re: Optimal Social Security Benefits Claiming Strategy - Her Husband Just Passed Away

I just had to say that I am amazed by ObliviousInvestor's high level of expertise and the clarity of the advice and exposition. That info he gave may be useful to me also, so thanks a million.
by rgs92
Mon Jul 20, 2020 11:36 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1499

Re: Vanguard Utilities Index: Too Risky?

The Utility sector is not a good bond proxy. The S&P Utility Index ETF (XLU) dropped about 35% in the financial crisis, while BND (Vanguard Total Bond Market ETF) only dropped a few percent, and over the last 15 years dropped less than half what XLU dropped from any particular peak. And also, when s...