Search found 3076 matches

by kenner
Wed Dec 07, 2016 7:34 pm
Forum: Personal Investments
Topic: New investor with $150k cash seeking Boglehead wisdom (self-employed)
Replies: 9
Views: 2137

Re: New investor with $150k cash seeking Boglehead wisdom (self-employed)

\ Pretax: ~26k in Vanguard SEP IRA (130,000 * .2 = employer contribution); invest in admirals 18,000 in Vanguard SOLO 401k (max employee contribution); invest in investor class 5,500 in Vanguard tIRA; invest in admirals And then anything I don't need to live off of I can put in a taxable account at...
by kenner
Tue Dec 06, 2016 5:43 pm
Forum: Personal Investments
Topic: American Funds: You can beat the Index
Replies: 23
Views: 4332

Re: American Funds: You can beat the Index

Select Active funds are identified using two widely available screening criteria: 1) fund expenses; and 2) How much fund managers have invested in the funds they manage, which we’ve labeled “manager ownership.” Did AF's study account for the front end loads (often around 5% or so) that managers pro...
by kenner
Mon Dec 05, 2016 8:59 pm
Forum: Investing - Theory, News & General
Topic: [Long-term Care Penn Treaty insurance to liquidate]
Replies: 13
Views: 2536

Re: Penn Treaty insurance, let's see how the guaranty associations perform

This article traces some of the history of Penn Treaty's problems - quite an eye-opener. The author outlines potential liabilities of the various entities involved in this mess - and states that the insurance guaranty associations in more than 40 states across the US may be affected. http://www.phil...
by kenner
Sat Dec 03, 2016 5:51 pm
Forum: Personal Investments
Topic: Is a money market fund better than a tax-exempt bond fund?
Replies: 12
Views: 2126

Re: Is a money market fund better than a tax-exempt bond fund?

I’m invested in both the Vanguard Prime Money Market Fund and the Vanguard Limited-Term Tax-Exempt Bond Fund. As of December 2, the year-to-date return on the money market fund is 0.43%, while the return on the tax-exempt bond fund is -0.55%. So would I have been better off in the money market fund...
by kenner
Sat Dec 03, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: FLA Tour: St. Pete/Tampa/Sarasota/Cape Coral
Replies: 9
Views: 1311

Re: FLA Tour: St. Pete/Tampa/Sarasota/Cape Coral

In a few weeks, we'll be on a two week tour of SW Florida, a combination of scouting trip and vacation. Seeking a possible snowbird home, or year round home, depending on how it all works out. This is the initial trip to get a lay of the land and a feel for prices and locations. Round trip tour fro...
by kenner
Sat Dec 03, 2016 7:33 am
Forum: Personal Consumer Issues
Topic: Need advice on a ski location
Replies: 28
Views: 3998

Re: Need advice on a ski location

Highly recommend Snowmass. Great accommodations and skiing for what you've described. Aspen restaurants and night-life are just a short bus ride away.
by kenner
Thu Dec 01, 2016 2:44 pm
Forum: Personal Investments
Topic: Is there any no-risk investment option?
Replies: 22
Views: 2323

Re: Is there any no-risk investment option?

taomu wrote:I'd be satisfied with 5% annual profit.
Historically, there may have been periods of time when, depending on your individual definition of risk and return, a no-risk 5% "profit" was possible. This is not one of those times.
by kenner
Wed Nov 30, 2016 11:17 pm
Forum: Personal Investments
Topic: Seeking advice on how to invest $1m (with $500k already committed to private equity)
Replies: 5
Views: 1193

Re: Seeking advice on how to invest $1m (with $500k already committed to private equity)

My total capital commitment is capped (in euros), but the timing of each individual capital call is unknown (most likely within 1-2 years of the first capital call). As such, I'll need to be somewhat flexible in my ability to liquidate my investments to fund these capital calls. Since you apparentl...
by kenner
Wed Nov 30, 2016 10:01 pm
Forum: Personal Investments
Topic: Seeking advice on how to invest $1m (with $500k already committed to private equity)
Replies: 5
Views: 1193

Re: Seeking advice on how to invest $1m (with $500k already committed to private equity)

[quote="Wanderlust3"] The conclusion that I've drawn on how to allocate my portfolio to meet my goals are to split my portfolio into (1) 50% equities that I can hold over a long horizon and (2) 50% short-dated investments that can be gradually liquidated over the next few years to fund my ...
by kenner
Wed Nov 30, 2016 5:55 pm
Forum: Personal Investments
Topic: New investor with $150k cash seeking Boglehead wisdom (self-employed)
Replies: 9
Views: 2137

Re: New investor with $150k cash seeking Boglehead wisdom (self-employed)

[quote="bogletete"] Emergency funds: 6 months worth Debt: No debt Tax Filing Status: Single Tax Rate: 32% Federal, 7% State State of Residence: California (hopefully I can convince the GF to move somewhere cheaper) Age: 25 Desired Asset allocation: 75% stocks / 25% bonds Desired Internatio...
by kenner
Thu Nov 24, 2016 1:32 am
Forum: Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 5929

Re: Bond Market Strategy Now

I'd be happy to have real interest rates increase as a result of a robust economy. If rates increase due to inflation however, it is a bummer because I end up by paying taxes on inflated dividends - and the decrease in NAV reduces my buying power. In some parts of the world, you may be able to buy ...
by kenner
Thu Nov 24, 2016 1:09 am
Forum: Personal Investments
Topic: Vanguard Personal Advisory Services
Replies: 6
Views: 2529

Re: Vanguard Personal Advisory Services

I have invested with Vanguard for 30 plus years and feel very comfortable managing my accounts. I am in my early 60's and hopefully will be around for many years, but you never know. My wife and children have zero interest in investing or educating themselves. I find it very difficult to turn over ...
by kenner
Tue Nov 22, 2016 5:55 pm
Forum: Investing - Theory, News & General
Topic: single bonds vs bond funds with increasing interest rates
Replies: 13
Views: 3322

Re: single bonds vs bond funds with increasing interest rates

I completely understand how a single bond if held to maturity will not lose value ... See excellent comments by OGD above. Also, although individual bonds may not lose "face value", they can definitely lose market value during their term, especially if interest rates spike up or the issue...
by kenner
Sun Nov 20, 2016 10:09 pm
Forum: Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 8731

Re: Wealth advisory services

I'd say this is a very bad idea. I'm sure he is perfectly capable of turning down their services. Unfortunately, he would be taking his wife along, and the big problem is that his wife is more than willing to spend money on whatever she decides she wants. If she decides she wants to pay for their s...
by kenner
Sun Nov 20, 2016 8:05 pm
Forum: Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 8731

Re: Wealth advisory services

Definitely take them up on this offer. I beg to differ. They offer this as a way to rope you in. Giving away something for free in order to guilt you into buying something is sales 101. I would ordinarily agree in the case of a typical investor. I am assuming that a 46-year old entrepreneur who has...
by kenner
Sun Nov 20, 2016 6:18 pm
Forum: Personal Investments
Topic: Wealth advisory services
Replies: 68
Views: 8731

Re: Wealth advisory services

If I'm interested, the next steps would be to turn over to them a bunch of information on our investments, taxes, spending, etc. They put together a very detailed presentation. They said "at the worst, you will get a bunch of free insights and ideas." Definitely take them up on this offer...
by kenner
Sun Nov 20, 2016 5:51 pm
Forum: Personal Consumer Issues
Topic: Worth repairing car after accident?
Replies: 16
Views: 3360

Re: Worth repairing car after accident?

Sorry,it was a typo.The car is worth $3500 and not $35000. Not sure it is clear how the accident happened. Are you saying you were in a bank parking lot, accidentally hit the gas pedal and crashed into the bank wall, no other vehicles involved? If so, probably reasonable to not involve the police. ...
by kenner
Sun Nov 20, 2016 4:59 pm
Forum: Personal Consumer Issues
Topic: Worth repairing car after accident?
Replies: 16
Views: 3360

Re: Worth repairing car after accident?

What is the year, make and model of the vehicle?

How did you arrive at fair market value for the vehicle?

Has a repair estimate been finalized? What does it say?
by kenner
Sun Nov 20, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 21664

Re: What does a bond bear market look like?

I ... have a large stake in THE NJ municipal long term fund (average duration 6 years) in taxable and intermediate term investment grade in IRA. Clearly, long term bond funds will exhibit exaggerated volatility when the market anticipates an increase in interest rates, especially if the issuer of t...
by kenner
Sat Nov 19, 2016 11:03 am
Forum: Investing - Theory, News & General
Topic: What does a bond bear market look like?
Replies: 91
Views: 21664

Re: What does a bond bear market look like?

This thread is tailor-made for input from Nisiprius! I hope he weighs in.
by kenner
Wed Nov 16, 2016 4:35 pm
Forum: Personal Investments
Topic: any input that might help?
Replies: 7
Views: 719

Re: any input that might help?

Sounds like you've covered the bases to your satisfaction.

Best wishes for your continued success!
by kenner
Wed Nov 16, 2016 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 27379

Re: Monthly grocery costs? How do you keep it low?

imsomeguy,

Sounds like you are doing much better than the average US family:

http://money.usnews.com/money/blogs/my- ... ican-waste
by kenner
Wed Nov 16, 2016 3:20 pm
Forum: Personal Investments
Topic: any input that might help?
Replies: 7
Views: 719

Re: any input that might help?

I chose a 3-fund portfolio to make things simple, concentrated on these moneys in isolation to carry out an experiment so to say. Interesting experiment. Are you trying to discover how this simple 3-fund portfolio will perform over the next 10 years compared to your other investments? Or do you hav...
by kenner
Fri Nov 11, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Liability insurance for rental car
Replies: 12
Views: 1397

Re: Liability insurance for rental car

mwm158 wrote:I think an umbrella policy would cover this.
Where is the umbrella policy in this scenario that would compensate OP?

OP appears to be asking about his potential liability.
by kenner
Fri Nov 04, 2016 3:35 pm
Forum: Personal Investments
Topic: retired and want to change investments
Replies: 30
Views: 4781

Re: retired and want to leave fee only advisor

tsiokas2 wrote:I will go back and refer to proper format and reform my questions for clarity.
Great idea. If you can post full details, you will receive top-notch financial advice. It will be well worth the effort to obtain a solid, effective plan that can last a lifetime.
by kenner
Tue Nov 01, 2016 3:51 pm
Forum: Personal Investments
Topic: Vanguard Personal Investor Services, thoughts?
Replies: 4
Views: 789

Re: Vanguard Personal Investor Services, thoughts?

My question about PAS is this ~ How long (once you sign up to PAS) do you have to continue to pay the 30bps for PAS service? I would think that after a year or two, most folks could DIY and drop PAS. VPAS will establish an individualized, solid financial plan that comports with the investment princ...
by kenner
Tue Nov 01, 2016 3:16 pm
Forum: Personal Investments
Topic: Vanguard Personal Investor Services, thoughts?
Replies: 4
Views: 789

Re: Vanguard Personal Investor Services, thoughts?

I have experience with VPAS dating back five years. Strongly recommend that you contact them to discuss optimizing your future wealth. 1.5% AUM is absurd. After a year or so of VPAS advice and guidance, you will be able to manage your future financial life on your own - if you choose to do so. It's ...
by kenner
Tue Oct 18, 2016 5:02 pm
Forum: Personal Investments
Topic: Anyone have experience with Vanguard Flagship?
Replies: 28
Views: 9774

Re: Anyone have experience with Vanguard Flagship?

Hi All. I am a long time reader but first time poster. I am thinking about retiring within the next twelve months and would like to rollover several retirement plans (five in total - 457 plan, 401k plan, 401 plan, etc). However, I need to open two (2) separate IRA's for tax reasons as two of the re...
by kenner
Mon Oct 17, 2016 11:24 am
Forum: US Chapters
Topic: Thank you Bogleheads
Replies: 11
Views: 4658

Re: Thank you Bogleheads

I owe a big thank you to this community. I stumbled upon White Coat Investor's(EmergenDoc back then) Military Finance post. I saw the support and positive feedback from the community and decided I'd keep tabs and lurk the forums... for about six years. :oops: Wish I posted sooner! The wife and I ha...
by kenner
Mon Oct 10, 2016 5:03 pm
Forum: Personal Consumer Issues
Topic: packaged food expired best buy dates
Replies: 57
Views: 5458

Re: packaged food expired best buy dates

Here's one take: https://food52.com/blog/12593-the-real-shelf-life-of-pantry-items-when-to-pay-attention-to-expiration-dates Toss food if it has insects in it Really? Actually, I didn't write the article. But this guy makes a ton of money on television (Travel Channel) eating insects: http://www.tr...
by kenner
Thu Sep 22, 2016 5:12 pm
Forum: Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 6668

Re: Email from Financial Advisor

Does this sound correct? They are not accounting for the extra fees involved with American, correct? Typically, American Funds investors pay front-end sales charges (loads) and relatively medium to high annual expense ratios. The investment fund itself does not pay these expenses. It is unclear whe...
by kenner
Thu Sep 15, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: "To raise the car insurance deductible or not to raise it, that is the question" William Shakespeare!
Replies: 14
Views: 1785

Re: Should I increase auto deductible?

Since you have already seen through personal experience how the system works and how such situations affect you emotionally, why not just ask yourself - is it worth saving $14.17 per month to take the additional risk in case something happens again to my car? Seems you may be better off to choose th...
by kenner
Thu Sep 15, 2016 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Personal liability claim via homeowners? What's the process like?
Replies: 7
Views: 1345

Re: Personal liability claim via homeowners? What's the process like?

It's that time of year for me to go through all my insurance policies and determine if the coverage is adequate. I have enough personal liability to cover all my assets (and then some, just in case), but I am curious how personal liability claims are handled for homeowners. One of my friends absolu...
by kenner
Tue Sep 13, 2016 7:42 pm
Forum: Personal Investments
Topic: Help with work 403B
Replies: 8
Views: 1167

Re: Help with work 403B

Yes. It's one or the other and he wants Blackrock and he's lobbying hard but his examples are sales pitches...Not real analysis and I don't have the tools or time to draft comparable analyses. Not clear what the expense ratios would be for Blackrock or Vanguard in your plan, but the ERs for funds a...
by kenner
Tue Sep 13, 2016 10:31 am
Forum: Personal Investments
Topic: Help with work 403B
Replies: 8
Views: 1167

Re: Help with work 403B

Thanks guys. I'm very aware of why the advisor is pushing Blackrock...He will get a higher commission. Unfortunately, he is using scare and sales tactics to persuade the other members of the committee to go with Blackrock. I'm looking for some good arguments against going with Blackrock. Everything...
by kenner
Tue Sep 13, 2016 8:19 am
Forum: Personal Investments
Topic: Help with work 403B
Replies: 8
Views: 1167

Re: Help with work 403B

Hi, ... we decided on Vanguard TDF except the advisor (the same one that was ripping us off before) is pushing HARD for Blackrock Lifetime Index TDF. It's not a terrible option but not as good as Vanguard. Who will be making the final decision on how you invest your own money, you or the advisor?
by kenner
Sun Sep 11, 2016 11:19 am
Forum: Personal Investments
Topic: Leaving Advisor
Replies: 24
Views: 3740

Re: Leaving Advisor

Thanks everyone for your thoughts. We met with Fidelity and will go back soon to move ahead with this. Going with FLIFX as planned. They did suggest a managed version of this fund with a higher ER and higher returns but we politely declined. cpd13 cpd13, thank you for this update. It seems there ar...
by kenner
Sun Sep 11, 2016 8:49 am
Forum: Personal Investments
Topic: Leaving Advisor
Replies: 24
Views: 3740

Re: Leaving Advisor

Thanks everyone for your thoughts. We met with Fidelity and will go back soon to move ahead with this. Going with FLIFX as planned. They did suggest a managed version of this fund with a higher ER and higher returns but we politely declined. cpd13 cpd13, thank you for this update. It seems there ar...
by kenner
Fri Sep 09, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle on Bloomberg 9-9-16
Replies: 15
Views: 2601

Re: Jack Bogle on Bloomberg 9-9-16

he says that with a PE of 40-50 that investors should be nowhere near the stock market. i think i have heard of him say something similar back in the 2000s before the bust. is that not a form of market timing? Wouldn't that depend on whether you are buying or selling? I listened to the 18+minute in...
by kenner
Fri Sep 09, 2016 3:06 pm
Forum: Investing - Theory, News & General
Topic: Wall St. Nuclear Meltdown
Replies: 62
Views: 11722

Re: Wall St. Nuclear Meltdown

Tamalak wrote:I was in an actual nuclear meltdown. THIS IS SO MUCH WORSE.
Do you mean Chernobyl?

Why is a 2% one-day drop worse?
by kenner
Fri Sep 09, 2016 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Waterfront Lot in Florida - Worthless or Priceless?
Replies: 31
Views: 3649

Re: Waterfron Lot in Florida - Worthless or Priceless?

Why not obtain an appraisal from a knowledgeable local Florida real estate expert in order to determine the highest and best use for this property? I imagine there may be a history of sales for similar assets.

Is this property ocean-front or canal-front? What are the dimensions of the property?
by kenner
Fri Sep 09, 2016 5:49 am
Forum: Personal Investments
Topic: Is my financial adviser expensive? Can I improve my portfolio?
Replies: 37
Views: 5690

Re: Is my financial adviser expensive? Can I improve my portfolio?

Wherever you want the money to go.....call them. Ask them what to do and how to do it. Sometimes, moving in-kind is better and sometimes selling where it is turns out cheaper. I do like the suggestions of a single target date fund. That makes it easier and it will re-balance without your interventi...
by kenner
Thu Sep 08, 2016 7:44 am
Forum: Personal Investments
Topic: Leaving Advisor
Replies: 24
Views: 3740

Re: Leaving Advisor

Fidelity is a very good choice. I suggest you meet with a local Fidelity representative and have him or her guide you through the transition process in the easiest tax-efficient manner. Definitely sounds like you know what you're looking for - the one fund choice may be ideal if tax-efficient given ...
by kenner
Wed Sep 07, 2016 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Lien
Replies: 13
Views: 1668

Re: Tax Lien

Years later, an IRS tax audit finds both of them owe additional income tax. He satisfied his part that is owed. She has not and cannot (unemployed currently). There is a lien placed on the former marital home even though a the aforementioned Quitclaim deed was in place. Was this tax liability incur...
by kenner
Wed Sep 07, 2016 12:48 pm
Forum: Personal Investments
Topic: PDT. What is this fund?
Replies: 15
Views: 1798

Re: PDT. What is this fund?

The important question may be: How well does this fund fit in OP's overall asset allocation and long-term investment plan. Many individual funds can perform well over limited periods of time. Past performance may not persist. 2008 performance -21.87 vs s&p -37.17 2009 54.7 vs s&p 26.46 3 do...
by kenner
Wed Sep 07, 2016 7:31 am
Forum: Personal Investments
Topic: PDT. What is this fund?
Replies: 15
Views: 1798

Re: PDT. What is this fund?

Seems PDT is a relatively high cost, high risk, leveraged closed end fund that has performed well in an environment of generally decreasing interest rates when many investors are grasping for yield. There appears to be few competitors in this sector of the closed end arena. This fund may not perform...
by kenner
Thu Sep 01, 2016 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy/Professional Liability
Replies: 7
Views: 1220

Re: Umbrella Policy/Professional Liability

I occasionally do some consulting work on the side. In the rare situation where I might be held liable for an error, etc. - would any personal damages be covered by my personal umbrella policy? thanks Are you seeking an umbrella policy to add coverage for potential liability over and above an exist...
by kenner
Thu Aug 25, 2016 6:13 pm
Forum: Personal Investments
Topic: Simplifying Portfolio Into New Allocation
Replies: 6
Views: 825

Re: Simplifying Portfolio Into New Allocation

SteadyOn1971 wrote:
My main concern is still: does having all munis fulfill the "balance" that bonds are supposed to fulfill in a balanced portfolio? My understanding from the Vanguard advisor is that they do.
I agree with your VG advisor on this.

Best wishes.
by kenner
Thu Aug 25, 2016 2:07 am
Forum: Personal Investments
Topic: Need help Bogle'ing my portfolio
Replies: 16
Views: 2147

Re: Need help Bogle'ing my portfolio

Both funds are very good, but VWITX is a bit less risky (volatile) - especially in rising interest rate environments - and is probably the fund of choice for many Bogleheads as a complement to a well-balanced portfolio. :moneybag