Search found 1468 matches

by goodenyou
Fri Aug 31, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: more rotten service from Vanguard [ACH transfer, fund availability]
Replies: 30
Views: 4986

Re: more rotten service from Vanguard [ACH transfer, fund availability]

I am not going to bash Vanguard, but their photo deposit takes FOREVER to clear. I will never do that again. I like Vanguard, but I keep my Schwab account to be able to move money with much more alacrity. I can sweep money between Schwab and my checking account much much faster. Vanguard is way behi...
by goodenyou
Thu Aug 30, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Should I move all my bonds to 401K?
Replies: 9
Views: 1125

Re: Should I move all my bonds to 401K?

Do you have a low cost Stable Value fund in your 401k? Some here have reported SVF yields as high as 2.5-3%. Vanguard Tax Exempt Intermediate Term Bond Fund (VWIUX) is yielding 2.42%. I have the same issue with high fee 401k. I have opted to split the difference. I put a significant amount in SVF (4...
by goodenyou
Wed Aug 29, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4978

Re: Done saving for retirement according to firecalc?

The closer you get to death (older) without touching your retirement nest egg, the greatly likelihood that your money will outlive you. For those that can tolerate their jobs or are paralyzed by the decision to retire, that can be a winning strategy. Some continue to accumulate for legacy purposes ...
by goodenyou
Wed Aug 29, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: Done saving for retirement according to firecalc?
Replies: 51
Views: 4978

Re: Done saving for retirement according to firecalc?

The closer you get to death (older) without touching your retirement nest egg, the greater the likelihood that your money will outlive you. For those that can tolerate their jobs or are paralyzed by the decision to retire, that can be a winning strategy. Some continue to accumulate for legacy purpos...
by goodenyou
Wed Aug 29, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: How do you 7 figure guys organize multiple accounts?
Replies: 164
Views: 12304

Re: How do you 7 figure guys organize multiple accounts?

Vanguard Portfolio Analyzer. Manual input from outside accounts, but overall pretty easy. Gives a quick snapshot of total portfolio asset allocation and approximate net worth. It’s good enough.
by goodenyou
Mon Aug 27, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10112
Views: 1784368

Re: U.S. stocks in freefall

Locked? Are you kidding? This thread is therapy for many Bogleheads.
by goodenyou
Sun Aug 26, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10112
Views: 1784368

Re: U.S. stocks in freefall

AlphaLess wrote:
Sun Aug 26, 2018 12:10 pm
ReformedSpender wrote:
Wed Jul 25, 2018 8:05 pm
Remember all the doom and gloom posts from February?
Ah, those were the good old days!

Aug, 2011
Aug, 2015
Jan, 2016
Feb, 2018
Good new days will be coming soon! Stocks tend to fluctuate.
by goodenyou
Sun Aug 26, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?
Replies: 34
Views: 5843

Re: $3.5M cash pile at age 63 – what would you do right now (and what wouldn't you do)?

Once I understood that the attempt at principal preservation with low risk investments was a risk to long term portfolio failure with de-accumulation, I took the leap of faith in more stock exposure. If you read the papers on SWR, you will understand the need for growth over the long haul. Even thou...
by goodenyou
Sat Aug 25, 2018 10:36 pm
Forum: Personal Consumer Issues
Topic: Health Care: When HMO and Provider Seem to Disagree? Insurance experts?
Replies: 17
Views: 1406

Re: Health Care: When HMO and Provider Seem to Disagree? Insurance experts?

This kind of stuff happens all the time with insurance. They will bait and switch and blame. We have many outstanding claims that were "pre-authorized" prior to surgery only to have them denied after the service was performed. Insurance companies are deceitful. They deny the claim and tell the patie...
by goodenyou
Sat Aug 25, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 14308

Re: 2000-2018 retirement - sequence of returns

Earlier this week I printed and read William Bengen's original landmark paper "Determining Withdrawal Rates Using Historical Data" written in 1994. Your conclusions seem to be an extension of Bengen's conclusion about a 50/50 portfolio and a 4% withdrawal rate. Is that correct? You may need to call ...
by goodenyou
Wed Aug 22, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else seen huge rise in TX insurance costs?
Replies: 27
Views: 1952

Re: Anyone else seen huge rise in TX insurance costs?

Yep. Amica was almost $3000 per year more expensive for Homeowners. I switched to Progressive this year. Should have switched a while ago. Car insurance about the same, so I kept it for now. Amica has the Umbrella policy and often the car/umbrella have to be combined with same carrier. I am getting ...
by goodenyou
Wed Aug 22, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawl timing
Replies: 10
Views: 1137

Re: 529 withdrawl timing

I make sure the withdrawal and payment match up in the same CALENDAR year. I have the Spring tuition bill sent directly to the university in January. I once forgot to reimburse myself the cost of the published room and board expenses (qualified) from the previous Fall semester (child is in a more ex...
by goodenyou
Tue Aug 21, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12624

Re: Excessive Emergency Room Charges - Options?

Why do you think you should not pay legitimate bills for services that, apparently, you agreed to in seeking medical help? To go to the ER, it would seem that you must have been very concerned about the immediacy of an "emergency" vs seeing physician(s) the next day or seeking care from an urgent c...
by goodenyou
Tue Aug 21, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 529 - need help
Replies: 4
Views: 455

Re: Vanguard 529 - need help

I did a static 60/40 until high school. By their Junior year, I put a year of expenses in FDIC savings. Once they reached graduation, I took no chances and put it all in FDIC. I have asked this same question on a different thread awhile ago. Many responded that they kept a significant exposure to eq...
by goodenyou
Fri Aug 17, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 1152

Re: Stable Value Funds vs Bond Fund

I use stable value in my tax privileged space. The cost of my PIMCO funds (and most others) is confiscatory. The lack of potential additional yield in the environment of rising rates coupled with the high e.r. of the bond fund choices in my 401k led me to choose stable value as a viable option
by goodenyou
Tue Aug 14, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 3870

Re: $1M in cash - invest or pay down mortgage

I would put BOTH houses up for sale and simplify. I would live in the $3M paid off home if that didn't sell in a timely fashion. Then, I would lower the percentage of my total net worth in property by buying a much less expensive home. I would take the proceeds of the real estate sales and $1M cash ...
by goodenyou
Tue Aug 14, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation for building a house in 10 years
Replies: 12
Views: 1264

Re: Aggressive asset allocation for building a house in 10 years

I would not be happy with having to wait an additional 10+ years to recover from a major market decline. If it is that important to meet a deadline, I think it is reckless to take on that much investment risk. I would work the numbers backwards and find a way to grow $320k into $500k over 10 years ...
by goodenyou
Tue Aug 14, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation for building a house in 10 years
Replies: 12
Views: 1264

Re: Aggressive asset allocation for building a house in 10 years

I would not be happy with having to wait an additional 10+ years to recover from a major market decline. If it is that important to meet a deadline, I think it is reckless to take on that much investment risk. I would work the numbers backwards and find a way to grow $320k into $500k over 10 years ...
by goodenyou
Wed Aug 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 14871

Re: "Age in Bonds" fails almost everyone

Maybe the rule of thumb for second marriages should apply. "Half your age plus seven years". :D
by goodenyou
Tue Aug 07, 2018 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16354

Re: Will you pay for your kids' college/graduate education?

I doubt anyone would have been too impressed with my story of hardship but maybe. Hard to shake those “low born tags” but eventually I think I did. Can't speak of others, but as someone who won the gene lottery being born of a physician family in the U.S. I can say I have ALWAYS admired those who d...
by goodenyou
Tue Aug 07, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 14871

Re: "Age in Bonds" fails almost everyone

The irony of this thread is that Bogle has been critical of target date funds because they have too much in bonds : Critics of target funds have received some powerful support from John Bogle, founder of Vanguard Group, who expressed his reservations during a talk at the Morningstar conference in C...
by goodenyou
Tue Aug 07, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 14871

Re: "Age in Bonds" fails almost everyone

I'm just trying to win a "Loser's Game". Getting my portfolio perfect by picking the perfect stock/bond portfolio is a futile endeavor for me. I figure a 60/40 asset allocation is good enough when reaching "critical mass" and >50 years old. I would be 90/10 from 20-30yrs old. 80/20 30-40 yrs old. 70...
by goodenyou
Mon Aug 06, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Market Timing Bonds vs. Money Market with Rising Interest Rates
Replies: 27
Views: 3294

Re: Market Timing Bonds vs. Money Market with Rising Interest Rates

Does the interest rate spreads between a near risk-free investment option of CDs or money market and bonds ever enter into the decision? What is the sweet spot between yield spread and duration risk? Is their any? Do you just buy intermediate term bonds and ignore all else?
by goodenyou
Mon Aug 06, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Market Timing Bonds vs. Money Market with Rising Interest Rates
Replies: 27
Views: 3294

Re: Market Timing Bonds vs. Money Market with Rising Interest Rates

I get it. We look for stability in bond funds and the erosion in NAV in a rising interest rate environment troubles us. The fallacy is that we can predict the direction of bonds because we correlate rising interest rates with a decline in NAV. This is especially true for longer duration bonds. There...
by goodenyou
Mon Aug 06, 2018 3:10 am
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

In my experience, most "dangerous" neighborhoods aren't really dangerous at all for outsiders. I would caution against making a decision based on how safe you "feel" because those feelings are almost universally wrong. Look at the crime stats, which should be easy to find. Is someone who works in a...
by goodenyou
Sun Aug 05, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 16354

Re: Will you pay for your kids' college/graduate education?

Contrary to the OP's statement, the cost was not and is not skyrocketing. +1, true even if you are paying full freight at private schools. My Northwestern bachelor’s degree cost $37k/yr in tuition 10 years ago. Today it costs $54k/yr. That’s a CAGR of only 4%, barely over inflation. S&P 500 grew at...
by goodenyou
Sun Aug 05, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7585

Re: "Skin in the game"

Having "skin in the game" for sake of trying to teach your child a lesson of responsibility will depend on the nature of the child. For those with the means of covering the costs without sacrificing their own personal financial goals and without having your child take out loans or work to pay for tu...
by goodenyou
Sun Aug 05, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 7585

Re: "Skin in the game"

There is no right answer. Kids are different. Even within the the same family. Some realize the skin they have "in the game" is really all theirs. That is, they benefit from their success and suffer from their own failure. A student that is motivated for success, doen't need "skin in the game". The ...
by goodenyou
Fri Aug 03, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

I would have never thought that gun discussion would be allowed in BH forum. May be it does not fall under politics? I mean "carry a gun" advice to school teacher teaching grade school children can only be topped by "Drive a tank with turret mounted gun" to make the commute safe :-) You got it in b...
by goodenyou
Fri Aug 03, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12256

Re: 3 Levels of Wealth

Ben Carlson's article, "The 3 Levels of Wealth", http://awealthofcommonsense.com/2018/08/the-3-levels-of-wealth/, made me think about having enough to retire even though it was more about growing income inequality. Carlson describes the 3 levels of wealth posited by Stewart Butterworth, the founder...
by goodenyou
Fri Aug 03, 2018 9:40 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12256

Re: 3 Levels of Wealth

Read Robert Frank Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich It’s an interesting read. It categorizes people into Lower, Middle and Upper Richistan. The behavior of people in each stratum is very different. If I remember correctly, people in Upper Richistan (...
by goodenyou
Thu Aug 02, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

He also states that "not Southside but similar" in another post. Having been from Chicago, and knowing the neighborhoods, and having been a Trauma surgery resident at the (old) Cook County Hospital Knife and Gun Club, and my wife having worked at U of Chicago Hospitals. and my FIL still living ther...
by goodenyou
Thu Aug 02, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

Children and parents are the same no matter where the school is located In an ideal world, this would be true. This is categorically false. It is the reason that there are problems with the schools. Parents are absent, drug-addicted or in prison in alarming rates. Having great teachers make the sac...
by goodenyou
Thu Aug 02, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

Check your gut feeling with some numbers before deciding. I live in the neighborhood with the "highest crime rate" in my city, which leads some folks from other neighborhoods to jump to conclusions. What that means in practice is an increased chance of losing an unlocked bicycle, and occasionally w...
by goodenyou
Thu Aug 02, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

I guess it is no surprise that this would devolve into a gun debate. It is very obvious that it would. It certainly didn't need to. I doubt that would seriously be considered an acceptable solution by B3GINN3R's wife, anyway. "I was worried about taking a job in a dangerous neighborhood but I'm goo...
by goodenyou
Thu Aug 02, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

I guess it is no surprise that this would devolve into a gun debate. It is very obvious that it would. The decision to take a job where you feel threatened is either motivated by financial desperation or a desire to do something noble over a concern for your (perception as per OP) safety. The financ...
by goodenyou
Thu Aug 02, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

Check your gut feeling with some numbers before deciding. I live in the neighborhood with the "highest crime rate" in my city, which leads some folks from other neighborhoods to jump to conclusions. What that means in practice is an increased chance of losing an unlocked bicycle, and occasionally w...
by goodenyou
Thu Aug 02, 2018 11:37 am
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2768

Re: Annuity vs investment

There are investment strategies that recommend annuitizing the essential spending portion of your portfolio so that essential needs are always (closely) met. It allows for more aggressive investment for the remaining discretionary spending portfolio. Like everything, there is a counter-argument agai...
by goodenyou
Thu Aug 02, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: NT
Replies: 20
Views: 1374

Re: Advisor trying to convince me to buy annuities

Ignore it. Don’t engage. Don’t even make eye contact.
by goodenyou
Thu Aug 02, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Annuity vs investment
Replies: 40
Views: 2768

Re: Annunity vs investment

The aversion to annuities (for legacy reasons) reminds me of a quote from Milton Friedman many years ago (paraphrased): “For reasons I don’t truly understand, we value the ability of our children to consume much more than we value our own”. I get it. We love our kids, but it may cloud good financial...
by goodenyou
Thu Aug 02, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: [403b fiduciary lawsuits: MIT Yale NYU Duke Hopkins Penn Vanderbilt Emory Columbia]
Replies: 88
Views: 9011

Re: NYU retirement lawsuit

Some of the biggest problems with 401(k) plans in large businesses (even some small)is that the decisions on which companies run these plans is often based on exploitative relationships. For example, we have a lousy Plan because the son of a senior partner is “ in the business “. I can’t get the oth...
by goodenyou
Wed Aug 01, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

Being shot is not the most likely thing to happen to your wife. Other crimes are much more likely.
by goodenyou
Wed Aug 01, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7280

Re: DW job in dangerous area

dodecahedron wrote:
Wed Aug 01, 2018 3:00 pm
Cruise wrote:
Wed Aug 01, 2018 2:43 pm
OP: Statistically, the greatest danger to tour wife is taking the job that requires her to drive the longest mileage.
Good point!
I would find zero comfort in that statement for me let alone my wife. But, that is just my opinion.
by goodenyou
Tue Jul 31, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: I desire above average results
Replies: 14
Views: 1979

Re: I desire above average results

“The fool doth think he is wise, but the wise man knows himself to be a fool.”


-William Shakespeare
by goodenyou
Tue Jul 31, 2018 3:40 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3402

Re: Buying a home [as a safe investment]

If I could claim a capital loss on my home, that would be great. Not sure why it’s prohibited. Seems very unfair. You have to exceed a substantial cap to have to pay capital gains, so probably this is to make up for that. I would be happy to PAY a gain without having to exceed a "substantial cap", ...
by goodenyou
Tue Jul 31, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3402

Re: Buying a home [as a safe investment]

I never considered the house to be an investment. I bought one because I wanted a house. Right now I'd be lucky to beat inflation when it's sold. However, as this is a low-cost area, I could throw the keys to a charity and it would make little difference in my financial situation. If I could claim ...
by goodenyou
Mon Jul 30, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 135
Views: 19005

Re: Net worth of $3.7M at age 47 - can we retire?

Do not underestimate the tremendous cash burn of older teenagers/young adults. Your expenses will very likely go up significantly. I was (am) amazed at the rate that we spend on the kids’ needs with college, cars, insurance, clothes etc. My recommendation is to find gainful employment that is accept...
by goodenyou
Sun Jul 29, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to park a large amount of cash for a year
Replies: 13
Views: 1771

Re: Best place to park a large amount of cash for a year

What is your goal? Safety? If you are worried about safety, instruments with FDIC guarantees would be your best bet. If it is > $250k, you can use CEDARs to get all the protection you need. 6 month or 9 months would work. I think a money market account at Vanguard paying 2%+ is pretty safe. It woul...
by goodenyou
Sun Jul 29, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3402

Re: Buying a home [as a safe investment]

Where I am, housing is not a good investment. Actually, I think I will lose money on my house. You have to be very aware of the location of the property and demographic in your area. I built a house (18 years ago) that few can afford in my area. Not crazy above average, but well-above average to a p...