Search found 2706 matches

by SGM
Fri Sep 02, 2011 4:03 am
Forum: Personal Finance (Not Investing)
Topic: Best career advice anyone ever gave you
Replies: 63
Views: 8632

Latecomer wrote:Remember: you meet the same people on the way up as you do on the way down.

It's the same way every day in the sewer Ralph. (Ed Norton)
by SGM
Wed Aug 24, 2011 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: 25-40 year period with miserable returns for any VF????
Replies: 9
Views: 1922

I shared some coffee with my bud who invested a thou in a vanguard fund some time after my initial post. I did mention the fee of $20 per year or 20% over the last ten years for too low a level of investment in vanguard. I think they will close the fund, rather than add to it. When the husband said,...
by SGM
Sat Aug 20, 2011 6:05 am
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5135

BS about "not advising anyone." You don't know anything about me. I am more qualified than the majority of advisors out there, by a long shot. My reluctance to advise, in this particular situation, is that the individual has lost so much and has so little time and income to make up for it. I am sens...
by SGM
Fri Aug 19, 2011 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5135

I am being very cautious in advising this gentleman. There is no union. The choice for him is to work extra hours without pay or not eat lunch, as he sees it. Most everyone else takes lunch and gets their work done. However, this individual takes his responsibilities more seriously than others in hi...
by SGM
Fri Aug 19, 2011 5:27 am
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5135

Gentleman in question is very hard working. He works through lunch at a very stressfull institution. He is one of the most responsible and intelligent employees, in his chosen vocation, at the institution. I don't know a lot of personal information about him, but will be talking to him today. I don'...
by SGM
Fri Aug 19, 2011 4:56 am
Forum: Personal Consumer Issues
Topic: Payment for a college course never taken?
Replies: 5
Views: 811

Payment for a college course never taken?

My adult son took a college course this summer. He has never done this before at this college and was quite busy working full time. He originally signed up for one course in session I and another in session II. We never received written notification from the school that he was accepted. Surprisingly...
by SGM
Wed Aug 17, 2011 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5135

He had about 220k and now has 100k. He tried to hold on and reached his break point at the very low in the market. An spia is an option. I doubt he would put the whole 100k in an spia. He really does not have much saved to put it into an annuity and still have some money for an emergency. I don't kn...
by SGM
Wed Aug 17, 2011 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help for a friend retiring at 65 after a huge 50+ loss in 08
Replies: 29
Views: 5135

Help for a friend retiring at 65 after a huge 50+ loss in 08

A 65 yo is retiring after 30 years with a small pension, social security and $100,000 tax deferred acct. He lost $120,000 in a panic in 2008. He wants to be very conservative. Should he go with a Vanguard total stock market fund, total bond fund and tips? Should he have 10-20% in stock mkt and 50-50...
by SGM
Fri Aug 12, 2011 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best financial advice from your parent(s)
Replies: 39
Views: 3557

Do you want to be digging ditches the rest of your life? (Stay in school). Do you think money grows on trees? (Live frugally). A penny saved is a penny earned (after Poor Richard's Almanac). Save for a rainy day. All are platitudes, but they had an impact. I have great respect for their hard work, s...
by SGM
Mon Aug 08, 2011 5:04 am
Forum: Personal Consumer Issues
Topic: Does anyone here NOT like traveling?
Replies: 153
Views: 16718

As Rick told Ilsa, "We'll always have Paris." I don't think believing in American exceptionalism prevents one from appreciating other cultures. The shopkeepers in Brittany, loved us when they found out we were Americans. My dad helped liberate their country and they treated us way differently when t...
by SGM
Fri Aug 05, 2011 2:14 am
Forum: Personal Consumer Issues
Topic: Doctors/Medical Professionals and expanding your business?
Replies: 37
Views: 4583

I am seeing a resurgence in corporate medicine. One has been trying to take over a geriatric clinic with the lure of paying for computerizing medical records. The present community run group is naive. An extra level of management and need for profit will decrease quality of care. Fifteen or twenty y...
by SGM
Thu Aug 04, 2011 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: 25-40 year period with miserable returns for any VF????
Replies: 9
Views: 1922

Definitely not dementia. This is an intelligent woman, who resents her father in law's apparent condescending attitude. He is gone now, but the resentment lingers. The $20 fee yearly over 20 plus years makes a considerable difference. Not reinvesting dividends is another. Maybe I will get more info ...
by SGM
Wed Aug 03, 2011 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: 25-40 year period with miserable returns for any VF????
Replies: 9
Views: 1922

25-40 year period with miserable returns for any VF????

I had an interesting conversation with a friend. She is a great and early saver and that is the most important thing for retirement. She said her father in law implied that she and his son knew little about investing. She obviously was still upset about his attitude. She put $1000 into a Vanguard fu...
by SGM
Wed Aug 03, 2011 8:31 pm
Forum: Personal Consumer Issues
Topic: Mystic, CT
Replies: 22
Views: 2702

I have been to Mystic Seaport several times since I was a little boy. Last year my son and I built a boat at their Wooden Boat Show. Main Street has a draw bridge and nice shops. The Pequod museum is well done. There may be shows at the casino. We spent a pleasant afternoon in Stonington. My daughte...
by SGM
Wed Aug 03, 2011 8:08 pm
Forum: Personal Consumer Issues
Topic: yahoo mail no certification Danger?
Replies: 15
Views: 1976

I took Mel's advise. The upgrade seems to run faster so far, and I get no cert messages. I didn't remove any cookies, but will if I need to. Thanks.
by SGM
Wed Aug 03, 2011 7:08 am
Forum: Personal Consumer Issues
Topic: yahoo mail no certification Danger?
Replies: 15
Views: 1976

yahoo mail no certification Danger?

I haven't used yahoo mail for several days because the certificate has expired. I tried it on a work computer too, same problem. It seems to be a problem with yahoo and not a virus on my computer. Any experience with this? How unsafe is it to use yahoo email without the certification. You would thin...
by SGM
Wed Aug 03, 2011 4:39 am
Forum: Personal Finance (Not Investing)
Topic: How did you find a job compatible with happiness?
Replies: 105
Views: 12751

I've had multiple careers, degrees and jobs with varying degrees of happiness during my tenure at each job, career. One could write a book on this topic. Just a few of the many things that helped: Giving credit to others for your success, especially underlings who have helped you at all. Give them c...
by SGM
Mon Aug 01, 2011 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Who has retired early? What age and what amount did you have
Replies: 108
Views: 25448

I could retire, but I prefer to change hats.
by SGM
Sun Jul 31, 2011 7:23 pm
Forum: Forum Issues and Administration
Topic: increased snarkiness?
Replies: 53
Views: 8810

I don't know where I read this, but it puts some snarkiness in perspective...."Like a drunk he uses a lampost more for support than illumination. "
by SGM
Sat Jul 30, 2011 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: 529 plans a logical perspective in regards to gifting
Replies: 19
Views: 2603

I did not post on this topic. Is it possible two people have the same user name?
by SGM
Fri Jul 29, 2011 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use your own tax person?
Replies: 35
Views: 4416

I did the pay a cpa way too much experience in California, after a job move and complicated taxes. Later I used that as an outline and did it myself. When I opened up a solo corporation, and actually had no income yet from the corporation, I had a cpa do my personal and S-corp forms. Way too expensi...
by SGM
Tue Jul 26, 2011 9:46 pm
Forum: Investing - Theory, News & General
Topic: What if you don't rebalance?
Replies: 130
Views: 13704

I completely reject equal weighting of specific large and small cap stocks, equal weighting specific stocks has too much risk for me, and too ridiculous for words given the difference in capitalization. I might equal weight Chevron and Exxon, but probably not. "If it makes sense to hold equal dollar...
by SGM
Tue Jul 26, 2011 5:07 pm
Forum: Investing - Theory, News & General
Topic: What if you don't rebalance?
Replies: 130
Views: 13704

I don't think these arguements that use "beanie babies" as an example are not germaine. They amount to ad hominem arguements and ridicule. You might as well add "you idiot" at the end of a statement about a worthless fad doll as an investment. I think most Bogleheads are rebalancing between well div...
by SGM
Sun Jul 24, 2011 2:14 pm
Forum: Forum Issues and Administration
Topic: increased snarkiness?
Replies: 53
Views: 8810

I agree that there is some snarkiness on the forums. It reminds me of the hacker that broke into my email account in the early 80s at University of Houston to tell me I was stupid in the foulest manner. I had no idea people even wanted to do such things. I could see it, if they got some financial re...
by SGM
Sun Jul 24, 2011 1:56 pm
Forum: Investing - Theory, News & General
Topic: Does indexing have intrinsic worth?
Replies: 39
Views: 3523

Wells Fargo, the first indexers

Wells Fargo in 1971 totally screwed up indexing. They decided to hold an equal dollar amount of all 1500 stocks on the NYSE. It required constant rebalancing and was very tax inefficient. You could look it up. Thus I stated generally, not intrinsically. Yeah, there are some expensive index funds. I ...
by SGM
Sun Jul 24, 2011 5:37 am
Forum: Investing - Theory, News & General
Topic: Does indexing have intrinsic worth?
Replies: 39
Views: 3523

The index fund is intrinsically better because it generally has: 1. Lower management expenses 2. Lower turnover and trading costs if managed well 3. Lower taxes secondary to lower turnover 4. A well run index fund does not give average results it gives market results, i.e market results minus expens...
by SGM
Sat Jul 23, 2011 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Good REITS
Replies: 13
Views: 4561

I like Washington Reit . It is one of the reits the Vanguard reit owns. Mostly I own the Vanguard reit and bought a few shares of Washinton reit in a 401k. I don't think the govt is going out of business and the yield is a little higher on the Washington reit. It is not diversified and a 100% Bogleh...
by SGM
Sat Jul 23, 2011 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I go back to school for a second bachelor?
Replies: 8
Views: 1932

Do you read Chemical and Engineering News? There may be articles concerning other opportunities in chemistry. I went back for an MS in industrial chem at UCF around age 30. I never had more than basic , physical and organic chem as an undergrad and worked as a special ed teacher before grad school. ...
by SGM
Fri Jul 22, 2011 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: AMT exempt municipal bond funds?
Replies: 12
Views: 1694

I continue to have difficulty finding specifics re: AMT except for this quote from web site: Vanguard funds have flexibility to invest in private-activity bonds Most Vanguard tax-exempt bond funds seek to limit their investments in private-activity bonds. Although the funds' income distributions are...
by SGM
Fri Jul 22, 2011 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: AMT exempt municipal bond funds?
Replies: 12
Views: 1694

Reply to Bob's not....... Thanks. I was not aware there was a high yield and a long term tax exempt fund at Vanguard. I have really only been investing in the LT and intermediate tax exempt funds for the present. You learn something new everyday.
by SGM
Fri Jul 22, 2011 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: AMT exempt municipal bond funds?
Replies: 12
Views: 1694

I did mean long term tax exempt. Thanks.
by SGM
Fri Jul 22, 2011 5:29 am
Forum: Investing - Help with Personal Investments
Topic: AMT exempt municipal bond funds?
Replies: 12
Views: 1694

AMT exempt municipal bond funds?

Is information regarding whether individual bond funds are subject to the AMT easy to find? I have gleaned from posts here that all Vanguard muni funds except long term muni are exempt, but I am having trouble finding this information at brokerage sites. This is new to me as I have only recently pur...
by SGM
Thu Jul 21, 2011 3:31 am
Forum: Investing - Help with Personal Investments
Topic: iShares Barclays TIPS Bond Fund (TIP) vs. Vanguard
Replies: 10
Views: 2498

Most of my retirement accts are not in Vanguard. So I will go with Ishares TIP. Thanks for excellent comments.
by SGM
Wed Jul 20, 2011 4:36 am
Forum: Personal Consumer Issues
Topic: Where are Bogleheads from?
Replies: 51
Views: 6776

Born and bred in a briar patch
by SGM
Tue Jul 19, 2011 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: iShares Barclays TIPS Bond Fund (TIP) vs. Vanguard
Replies: 10
Views: 2498

iShares Barclays TIPS Bond Fund (TIP) vs. Vanguard

iShares Barclays TIPS Bond Fund (TIP). This ETF has a 4% yield any comments on its utility in a tax deferred account? Anyone invested in this versus a Vanguard TIPS fund?
by SGM
Mon Jul 18, 2011 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: bond calculator Treasury Direct question
Replies: 2
Views: 693

bond calculator Treasury Direct question

I am relatively new to I bonds. I bought in 4/2010 and 12/2009. The TD calculator shows an interest rate of 1.04% for 4/2010 and 4.91% for 12/2009. The 1.04% is obviously not correct. Maybe it is the rate without inflation or after a presumed 3 month penalty. I am not sure what the 4/2010 bonds are ...
by SGM
Mon Jul 18, 2011 4:36 am
Forum: Personal Consumer Issues
Topic: Weighing in on the cost vs. worth of returning to school
Replies: 21
Views: 2563

I think I would assess where my interests and talents were and research job opportunities. I have had multiple careers, and ideas for career changes were always in the back of my mind early on. Actually, I went through the first 3 years of college with absolutely no idea of what I wanted to do. I ha...
by SGM
Fri Jul 15, 2011 6:15 pm
Forum: Personal Consumer Issues
Topic: anyone ever work as a replacement during a union strike?
Replies: 49
Views: 4443

Some of my union experience

I was a unionized cab drive while in college in NYC. The union went on strike and new cab drivers were hired at something like 42% of fares instead of 49% like the experienced hacks. So much for solidarity. This was in the 70s so I don't remember the exact percentage, but above is close. Later in a ...
by SGM
Fri Jul 15, 2011 3:29 pm
Forum: Personal Consumer Issues
Topic: anyone ever work as a replacement during a union strike?
Replies: 49
Views: 4443

Right out of grad school I was hired and had to work as a chemical plant operator. I was pretty naive. The supervisors came up from the ranks and some were very nasty to me even though they crossed the picket line too. One purposefully sent me out to shut off a line and exposed me to chlorine withou...
by SGM
Thu Jul 14, 2011 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 20288

re: college ranking and donations

The $25 was the threshold for each alumnus. I believe they used a percentage of alumni in their calculations, but the donation had to be $25 and up. Sorry, I cannot give you a specific reference for that. I distinctly remember, several years ago, reading it either in US News and World Report or poss...
by SGM
Thu Jul 14, 2011 4:55 am
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 20288

I received grant money when I was a graduate student, and later gave money to the university dept. responsible. I requested they give the money to a graduate student in need, and they were unable to follow my instructions. I stopped giving for a while, but am very grateful for the unique education I...
by SGM
Mon Jul 11, 2011 4:17 am
Forum: Investing - Help with Personal Investments
Topic: Getting bad advice from advisor - HELP!
Replies: 23
Views: 2444

You won't pay taxes on the whole 13k only on a percentage determined by a 2011 8606 form. You will need an 8606 form for each year you put a non-deductible contribution into your traditional IRA. There is not a penalty for a conversion. I talked to an IRA agent last spring and was told to send in 86...
by SGM
Thu Jul 07, 2011 9:01 pm
Forum: Personal Consumer Issues
Topic: Should I keep a 3rd car??
Replies: 44
Views: 4372

I like to have a car in front of the house at all times. I also like to have a back up. I drive cars until they cannot be driven any longer. Over the last fifteen years, I mostly have bought new..... for the prior 15 years only used. We have four drivers.
by SGM
Wed Jul 06, 2011 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRA contribution if you have a 401K
Replies: 17
Views: 1984

IRA contribution if you have a 401K

Is there any limit to putting money in a tradtional IRA if you have a 401K and have a six figure income? I thought you could contribute to a traditional IRA but would not qualify for a deduction. How does having a 401k figure into it?
by SGM
Wed Jul 06, 2011 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: HR Block software and Roth conversion?
Replies: 8
Views: 2319

TT and HR software

I had trouble with the conversion in both programs. I had a free copy of turbotax, but I like the HR Block software better. I initially overrode just about everything. Eventually I was able to do it all through the interview and carefully answer all the questions. I am hoping I will have an easier t...
by SGM
Tue Jul 05, 2011 5:47 pm
Forum: Investing - Theory, News & General
Topic: Question regarding Four Pillars
Replies: 10
Views: 1955

Past performance

Bernstein is clear in stating that picking the winning advisor over a 20 year period is 1 in 10 after considering 2% expenses. I think that Bogleheads do not look at past performance as being predictive. Bernstein's chapter on asset allocation is the most valuable, to me. He advises owning domestic,...
by SGM
Sun Jul 03, 2011 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Thoughs on my retirement income plans please
Replies: 13
Views: 1737

At age 70 1/2 you will have to take a considerable amount out of the tax deferred accounts yearly, assuming they are 401ks and IRAs. I would take a look at the tax tables and figure out what I could convert into a Roth each year between age 61 and 70 at rates of 28,33,or 35 vs. possible higher rates...
by SGM
Sat Jul 02, 2011 5:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Individual 401 K Roth contributions
Replies: 3
Views: 783

individual401kcalculator.com for a solo proprietor:
16,500 max 401k
There is a 5,500 catch up for over 50 I believe.
There is a profit sharing component that the site calculates also.
by SGM
Sat Jun 25, 2011 5:31 am
Forum: Personal Consumer Issues
Topic: Extended family-friendly trip abroad: Where to go?
Replies: 33
Views: 3119

One of my profs used the Calvert Home Schooling program for an extended boat cruise and was very happy with it. I would chose a European country and prefer France. My children have had several trips there, and have stayed with French families at times. They did attend classes with French children in...
by SGM
Sat Jun 25, 2011 4:55 am
Forum: Investing - Theory, News & General
Topic: Investment Quotes from great investors
Replies: 25
Views: 3211

I have internalized these statements by a not so great investor, and generally recognized poor speculator who said: "As quick as it came in......it went right out." "You meet the same people on the way up.................that you meet on the way down." Ralph Kramden, bus driver. The point was driven...