Search found 754 matches

by Van
Wed Jul 22, 2020 4:46 pm
Forum: Personal Consumer Issues
Topic: What surprised you the most once you retired?
Replies: 267
Views: 31351

Re: What surprised you the most once you retired?

I discovered that I was really good at doing nothing.
by Van
Tue Jul 21, 2020 4:54 am
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1508

Re: Vanguard Utilities Index: Too Risky?

It seems unanimous so far. The Vanguard Utilities Index is deemed to be a poor choice for seeking yield in this low interest environment. It is too volatile and has the risk associated with stocks rather than bonds.

Thanks to everyone who took the time to respond.
by Van
Mon Jul 20, 2020 7:30 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1508

Re: Vanguard Utilities Index: Too Risky?

The standard Boglehead answer is to invest for total return, not dividends. The answer you are looking for is preferred stock, not utilities. PFF is yielding 5.1% right now I'm not very knowledgeable about preferred stocks. How different is a fund comprised of utilities compared to a fund of prefer...
by Van
Mon Jul 20, 2020 7:03 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1508

Re: Vanguard Utilities Index: Too Risky?

Mostly yield right now because my usual yield plays (CDs etc.) are near zero.
by Van
Mon Jul 20, 2020 6:40 pm
Forum: Personal Investments
Topic: Vanguard Utilities Index: Too Risky?
Replies: 17
Views: 1508

Vanguard Utilities Index: Too Risky?

Like a lot of folks I'm looking for some decent yield. This fund currently has a SEC yield of 3.54%, but Vanguard gives it the highest risk rating of 5. I think that risk rating is mainly because it is a narrow sector and not more diverse. But, man, it's utilities. What do you think? Do you have any...
by Van
Fri Jul 17, 2020 2:27 pm
Forum: Personal Investments
Topic: Bond Funds
Replies: 4
Views: 674

Re: Bond Funds

As I understand it, your NAV will decrease by 2 X the duration, 5.6%. The SEC yield will go up, but I don't know by exactly how much, nor do I know the time frame. Perhaps, one of the bond gurus will be able to give you a better answer.
by Van
Wed Jul 15, 2020 3:59 pm
Forum: Personal Investments
Topic: 100% cash in this unprecidented time?
Replies: 57
Views: 6905

Re: 100% cash in this unprecidented time?

What is the current yield on Vanguard Money Market Fund held in brokerage account? I am trying to work out monthly income I need since I am retired at this time. Thanks, The SEC yield on the brokerage sweep fund, the Federal Money Market, is 0.11%. I hope your need for monthly income is not too gre...
by Van
Mon Jul 13, 2020 4:26 pm
Forum: Personal Investments
Topic: 100% cash in this unprecidented time?
Replies: 57
Views: 6905

Re: 100% cash in this unprecidented time?

I'll admit it. I'm extremely nervous in this COVID-19 environment. How bad is this going to get? Nobody knows, of course. Will it pass in a few months, and then the stock market will gradually recover? Will it get really ugly, both socially with lawlessness and rioting and economically with more th...
by Van
Tue Jul 07, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market Fund
Replies: 75
Views: 6330

Re: Vanguard Prime Money Market Fund

A couple of months ago I moved a part of my money in Prime MM and Municipal MM into the Ultra Short Term Bond fund. So far, so good, but my time frame is very short, and I'm uncertain how I will view this move as time marches on.
by Van
Sun Jul 05, 2020 6:11 pm
Forum: Personal Consumer Issues
Topic: Buying house without realtors
Replies: 84
Views: 5150

Re: Buying house without realtors

I have bought 2 houses without a real estate company being involved. The paperwork is all done by the Title company (Abstract company) in some places. You don't need a real estate agent to hold your hand.
by Van
Mon Jun 29, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17018

Re: What is the best financial decision you ever made?

Deciding to sacrifice some fun during my youth to get a really good education (PhD in a a medical field). Nine years of undergraduate and graduate school, followed by a couple of years of postdoc studies. But it payed off financially more than I could have imagined.
by Van
Fri Jun 26, 2020 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance?
Replies: 146
Views: 7838

Re: How much umbrella insurance?

The amount of the umbrella does not limit how much you can lose. It does establish a buffer between a judgement and your personal assets. It also covers the cost of defending a claim. At $5 million, any insurance company is going to be all in on defending a claim against you. Regardless of the size...
by Van
Thu Jun 25, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 245
Views: 15408

Re: What is the single best piece of exercise equipment you bought for your home?

A stationary bike. It's in the basement and gets used regularly. Very good general exercise and cardio.
by Van
Wed Jun 24, 2020 5:49 pm
Forum: Personal Consumer Issues
Topic: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?
Replies: 65
Views: 2545

Re: iPhone 7 plus to iPhone 11 Pro: Poor battery life. Time to upgrade?

Get a new battery at your local Apple store. I did that recently for my SE. Painless and not too expensive.
by Van
Mon Jun 22, 2020 12:34 pm
Forum: US Chapters
Topic: Happy Birthday Mel Lindauer - 6/22/2020
Replies: 58
Views: 4271

Re: Happy Birthday Mel Lindauer - 9/22/2020

Actually, the summer solstice this year was on 6/20.

It can be on any day from 6/20 to 6/22 depending on the year.
by Van
Thu Jun 18, 2020 4:12 pm
Forum: Investing - Theory, News & General
Topic: Cash in lieu of bonds
Replies: 55
Views: 5334

Re: Cash in lieu of bonds

I need to study the graphs, as some are not a familiar style to me. But the general thesis of cash pretty much keeping up with inflation is something I WANT TO BELIEVE. I'm retired and risk aversive at this point. Fortunately, my most people's analysis, I have "won the game". Therefore, I don't need...
by Van
Thu Jun 18, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: Cash in lieu of bonds
Replies: 55
Views: 5334

Re: Cash in lieu of bonds

Very interesting link. Thank you for posting.
by Van
Fri Jun 12, 2020 4:48 pm
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 34997

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]

If it makes the investor feel better, less anxious and not so worried about making a big mistake, is that such a bad thing? So maybe the math indicates lump summing is a better way to go most of the time. Is the difference in return over the long run really that big of a deal? If DCA makes you feel ...
by Van
Fri Jun 12, 2020 2:23 pm
Forum: Personal Investments
Topic: Large Amount in Vanguard Prime MM
Replies: 27
Views: 4448

Re: Large Amount in Vanguard Prime MM

I've recently put some money in Vanguard's Ultra-Short Term Bond fund. Duration = 0.9 years. Sec yield about 1.6%.

This might fit your needs for some additional income with some increased risk.
by Van
Fri Jun 05, 2020 5:27 pm
Forum: Personal Consumer Issues
Topic: Anyone booking flights for 2021 travel?
Replies: 68
Views: 5565

Re: Anyone booking flights for 2021 travel?

Are you serious? No effective anti-viral drug, no vaccine and half the population acting like the pandemic is over and you want to climb on an airplane?
by Van
Wed Jun 03, 2020 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for a 23 year old
Replies: 35
Views: 1826

Re: Life Insurance for a 23 year old

Don't waste your money. At your age and circumstance, you don't need life insurance. Life insurance, in general, is a short-term bridge so people can get their life restructured to deal with the new circumstance. No one can afford enough life insurance to see them through their remaining life, unles...
by Van
Sat May 30, 2020 1:29 pm
Forum: Investing - Theory, News & General
Topic: “WHEN YOU'VE WON the game, stop playing with the money you really need.”
Replies: 233
Views: 19652

Re: “WHEN YOU'VE WON the game, stop playing with the money you really need.”

I hadn't read Bernstein's views on this, but that is exactly what I do. I keep what I need, plus a buffer, in ultrasafe investments that should (theoretically) keep up with inflation, and treat the rest as gambling money that I leave in low-cost index funds. It keeps me from worrying when the marke...
by Van
Fri May 29, 2020 4:45 pm
Forum: Personal Investments
Topic: How to invest lots of maturing CDs in this investment climate
Replies: 55
Views: 20786

Re: How to invest lots of maturing CDs in this investment climate

Vanguard Ultra-Short Term Bond SEC = 1.63%?
by Van
Tue May 26, 2020 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Career advice for science PhD student
Replies: 78
Views: 6389

Re: Career advice for science PhD student

Pharmaceutical industry. I worked with many, many synthetic chemistry PhDs at the preeminent pharmaceutical company in the US. Synthesizing new compounds with potential as new drugs is the backbone of the industry. A couple of the chemists I knew went to law school after a few years in the industry ...
by Van
Sat May 23, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you change passwords on your investment accounts?
Replies: 42
Views: 2914

Re: How often do you change passwords on your investment accounts?

No significant money outside of Vanguard. So, with 2 factor authentication, I have not seen the need to change passwords. Am I wrong?
by Van
Mon May 18, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5685

Re: Discarding old tax returns

TierArtz wrote: Wed May 13, 2020 11:30 pm I'm an outlier; my collection goes back to 1987. Every once in a while, leafing through them reminds me I was poor and happy :-)
Same for me except being poor made me unhappy.
by Van
Sat May 16, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5895

Re: Thinking of buying a boat during pandemic – am I CRAZY?

It will be the second happiest day of your life.
by Van
Tue May 12, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: Reacting to low interest rates
Replies: 80
Views: 6440

Re: Reacting to low interest rates

The days of expecting a positive real after-tax return on safe fixed income are in the past. They may come back, but if so, there will be a significant bond sell off to get there. So a reasonable "reaction" is to lower your return expectations for safe fixed income. Specifically, you should expect ...
by Van
Sun May 10, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7302

Re: Has Your Spending Changed Since The Shutdown?

My wife and I like very much going out to dinner a couple of times a week. So, not spending that money. Also, my country club has been closed for almost 2 months. That means not spending on cart fees, tipping the bag boys, eating lunch at the club, having a libation after the round etc. But I guess ...
by Van
Sat May 09, 2020 12:18 pm
Forum: Investing - Theory, News & General
Topic: Best fixed income options
Replies: 30
Views: 2975

Re: Best fixed income options

Any chance the trust could be "busted" if all folks that will inherit the principal agreed to change it so she could draw down on the principal?
by Van
Fri May 08, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: MYGA VS CD's
Replies: 8
Views: 1029

Re: MYGA VS CD's

MYGA = ?
by Van
Wed May 06, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: Who is your all time favorite investor and why?
Replies: 52
Views: 2927

Re: Who is your all time favorite investor and why?

birdog wrote: Mon May 04, 2020 8:34 am I believe that Jack Bogle has done far more for investors all over the world than anyone else in history. Yet far more people have heard of Buffett than Bogle. I see Bogle as a largely unsung hero of sorts.
+1

A real American hero.
by Van
Thu Apr 30, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Why are stocks down "only" 10% YTD?
Replies: 31
Views: 3428

Re: Why are stocks down "only" 10% YTD?

FWIW* I like hagridshut's thesis of TINA.

*exactly nothing
by Van
Tue Apr 28, 2020 11:29 am
Forum: Personal Finance (Not Investing)
Topic: What’s the lowest you can comfortably live on?
Replies: 26
Views: 1586

Re: What’s the lowest you can comfortably live on?

I'm sure it is a lot less than one thinks, but I hope to never have to find out!
by Van
Tue Apr 28, 2020 6:52 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

Thanks to everyone. I have listened and made a decision on AA. 10% Cash (mostly Treasury MM) 20% CDs (brokered through Vanguard) 20% Inflation-Protected Securities (VAIPX) 20% Intermediate-Term Bond Index (VBILX) 10% Core Bond (VCOBX) 20% Total Stock Market Index (VTSAX) The above is considerably di...
by Van
Sun Apr 26, 2020 5:42 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

At your age, would consider more CD/money market accounts with some long term treasury Thanks for the suggestion. I'm open to adding some long-term treasury, but it would be helpful if you could explain the rationale. A couple of people have indicated that they thought long-term bonds were inapprop...
by Van
Sat Apr 25, 2020 11:48 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

If investors should only be concerned with the performance of their portfolio and not its components, then owning equal amounts of both short- and long-term bonds does not make sense to me when intermediate-term bonds are available and should perform almost entirely the same as the combination of t...
by Van
Sat Apr 25, 2020 11:37 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

No long term bonds for a 78 YO. You are taking uncompensated interest rate risk at that age. Depends on remaining assets in the portfolio, both stocks and fixed income. LTT’s have their place and should not be discarded based on yield alone. I'm confused. You are saying no long term bonds for a 78 ...
by Van
Sat Apr 25, 2020 11:35 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

Again, thanks to all of you who replied. Below is my new AA. What say you? Total Stock Market Index (VTSAX) 20% CDs 20% Inflation-Protected Sec. Index (VAIPX) 20% Core Bond (VCOBX) 20% Intermed.-Term Bond Index (VBILX) 20% I will cut back on plans to DCA, and I'll try to achieve the above AA by yea...
by Van
Sat Apr 25, 2020 9:44 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

Again, thanks to all of you who replied. Below is my new AA. What say you? Total Stock Market Index (VTSAX) 20% CDs 20% Inflation-Protected Sec. Index (VAIPX) 20% Core Bond (VCOBX) 20% Intermed.-Term Bond Index (VBILX) 20% I will cut back on plans to DCA, and I'll try to achieve the above AA by yea...
by Van
Sat Apr 25, 2020 8:52 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

Again, thanks to all of you who replied. Below is my new AA. What say you? Total Stock Market Index (VTSAX) 20% CDs 20% Inflation-Protected Sec. Index (VAIPX) 20% Core Bond (VCOBX) 20% Intermed.-Term Bond Index (VBILX) 20% I will cut back on plans to DCA, and I'll try to achieve the above AA by year...
by Van
Sat Apr 25, 2020 8:03 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

The concept of dollar cost averaging, in my opinion, is strictly behavioral. When constructing a portfolio, it is not logical to say, "I desire X% of this and Y% of that, but I don't want to have that AA for months or years." You don't know how your X/Y AA portfolio will perform over the next month...
by Van
Sat Apr 25, 2020 6:03 am
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

After reviewing the comments, it is back to the drawing board! You have given me a lot to think about. I will give all of your suggestions serious consideration, and I thank each of you for your time.

Van
by Van
Fri Apr 24, 2020 9:30 pm
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

I'm mostly stock (15%), CDs (50%) and cash (35%) right now, having moved the muni money into CDs (short-term) and cash. I was thinking about moving to 33% stock, 18% CDs and nearly all the rest in corporate and treasury bonds. Just want to be clear on one thing: corporate bonds are not risk free as...
by Van
Fri Apr 24, 2020 8:52 pm
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

I'm mostly stock (15%), CDs (50%) and cash (35%) right now, having moved the muni money into CDs (short-term) and cash. I was thinking about moving to 33% stock, 18% CDs and nearly all the rest in corporate and treasury bonds.
by Van
Fri Apr 24, 2020 8:38 pm
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

MotoTrojan wrote: Fri Apr 24, 2020 8:32 pm 3.5 years to DCA into BONDS?!?
I guess you think that is a little long. :D
by Van
Fri Apr 24, 2020 8:25 pm
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

It’s difficult to say without knowing more. I, myself, would not sell munis to buy treasuries. Treasuries are priced at a premium. Also, I don’t think corporates are safer than munis. They will move along with equities. Is this change to increase yield, avoid muni risk it what? And how long is your...
by Van
Fri Apr 24, 2020 6:25 pm
Forum: Personal Investments
Topic: Is doing a barbell bond strategy now an OK move?
Replies: 47
Views: 2469

Re: Is doing a barbell bond strategy now an OK move?

Thanks for the suggestions.

Are there people out there that like or dislike the barbell strategy? So far, it would appear that we have not heard from any enthusiasts. A few people have suggested Total Bond instead of doing the barbell.