Search found 3076 matches

by kenner
Sun Jul 10, 2016 3:17 am
Forum: Investing - Theory, News & General
Topic: Why do we assume that a well diversified portfolio will inevitably increase over the long term?
Replies: 52
Views: 6343

Re: Why do we assume that a well diversified portfolio will inevitably increase over the long term?

What are the macro assumptions for this? I have a novice understanding of economics and hope you can explain accordingly. Ownership of stocks in a well-diversified investment portfolio represents partial ownership of the underlying companies and a claim, however tenuous, on the future earnings of t...
by kenner
Sun Jul 10, 2016 1:23 am
Forum: Personal Investments
Topic: Portfolio Review - [Using Edward Jones, how to simplify?]
Replies: 20
Views: 3185

Re: Portfolio Review - [Using Edward Jones, how to simplify?]

We have an appointment scheduled with a vanguard investment specialist this week and hope to ask the right questions to help clarify this mess. This is a great first step, especially if you will be talking with one of the Certified Financial Planners who is part of the Vanguard Personal Advisor Ser...
by kenner
Sat Jul 09, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Due diligence before becoming a shareholder in a medical practice
Replies: 30
Views: 4076

Re: Due diligence before becoming a shareholder in a medical practice

Excellent input from forum members.

Since you have consulted with a local healthcare attorney, hopefully you will receive further insight from the legal standpoint, perhaps including some "local knowledge".

Best wishes.
by kenner
Sat Jul 09, 2016 3:40 pm
Forum: Personal Investments
Topic: New member and investor on Vanguard [3-5 year window]
Replies: 18
Views: 1791

Re: New member and investor on Vanguard [3-5 year window]

drkathryn, Thank you for the new information. Hopefully, we can provide some helpful thoughts regarding your situation. As you know, having the maximum amount of relevant facts is critical to making intelligent decisions about investing and planning for the future. It seems you enjoy managing your o...
by kenner
Fri Jul 08, 2016 8:09 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 18394

Re: Fidelity: Then and Now

Bogleheads: I remember when Edward C. Johnson III, chairman of Fidelity, said this about Mr. Bogle's new 500 Index fund: I can't believe that the great mass of investors are going to be satisfied with just receiving average returns . Best wishes. Taylor Fortunately for today's investors, Mr. Johnso...
by kenner
Fri Jul 08, 2016 4:36 pm
Forum: Personal Investments
Topic: Help Me Understand My Edward Jones Broker
Replies: 30
Views: 4427

Re: Help Me Understand My Edward Jones Broker

He sent me a "hypothetical report," which compares how $200k invested 40 years ago (1976) would have fared American Funds' AMCAP Class A fund and in Vanguard's 500 Index Admiral (including fees). Am I understanding the "hypothetical report" properly? No. He has shown you the &qu...
by kenner
Fri Jul 08, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 18394

Re: Fidelity Undercutting Vanguard Expenses

kenner, do you happen to know at what level of investments you need to get a upselling pressure call? I assume low six figures is not enough. I only know what I've read from comments on this and other websites. I've never been a Fidelity customer, but have spent considerable time on their website o...
by kenner
Fri Jul 08, 2016 11:43 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience
Replies: 34
Views: 8447

Re: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience

My view is that elderly people and those who don't want to learn much about investinf should stick to 1 fund and not worry about meetings and managers picking a range of funds they don't understand. Vanguard wellesley or a suitable target retirement/lifestrategy fund comes to mind. Coupled with CDs...
by kenner
Fri Jul 08, 2016 11:15 am
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 18394

Re: Fidelity Undercutting Vanguard Expenses

While some posters say that Fidelity has not bothered them with trying to upsell them to more expensive mutual funds, other posters say they have experienced attempted upselling. Most of the "reports" I have seen have been like these, second-hand. Very few if any actual cases of Fidelity ...
by kenner
Fri Jul 08, 2016 9:54 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience
Replies: 34
Views: 8447

Re: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience

It seems to be a common report that Vanguard gives everyone the same cookie-cutter asset allocation only individualized by stock/bond ratio. They now believe in carrying international bonds and adding corporate bonds besides total bond. Those additions seem unnecessary but also probably meet the cr...
by kenner
Fri Jul 08, 2016 9:04 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience
Replies: 34
Views: 8447

Re: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience

Her portfolio is far too complicated for me to manage and I would be terrified to make a mistake that would cost her her hard earned money, so that's why I still want to use an advisory service. I believe this a very strong reason to enlist the help of the Certified Financial Planners (the highest ...
by kenner
Thu Jul 07, 2016 2:10 pm
Forum: Investing - Theory, News & General
Topic: Monetary policy is (barely) carrying the world
Replies: 29
Views: 2685

Re: Monetary policy is (barely) carrying the world

Just a heads-up, policy discussions may be frowned upon by the Board. Here's the rule: "Non-actionable (Trolling) Topics If readers can't do anything with the content of a topic other than argue about it, it does not belong here. Examples include: US or world economic, political, tax, health ca...
by kenner
Thu Jul 07, 2016 1:24 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience
Replies: 34
Views: 8447

Re: Vanguard Personal Advisor Services Experiences: Tell Me About Your Experience

Hi All: I have read that if you have assets under $1 million you might end up talking to different advisors on the phone. Has this been your experience? This has not been my experience, although with a portfolio in excess of $1 million. I recommend that you call VPAS and ask them about your concern...
by kenner
Thu Jul 07, 2016 7:09 am
Forum: Personal Investments
Topic: Bond Market Bubble
Replies: 47
Views: 7236

Re: Bond Market Bubble

Your assessment of the current economic climate and possible future developments seems reasonable, but that does not change the fact that no one really knows how the future of the bond markets will unfold. If your investment plan calls for a reasonable allocation to a high quality, diversified bond ...
by kenner
Mon Jul 04, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: Fidelity lowers expense ratio of some index funds
Replies: 123
Views: 18394

Re: Fidelity Undercutting Vanguard Expenses

May be a loss-leader/"bait and switch" tactic by Fidelity.

It has been reported that Fidelity advertises their lower-priced index funds and then steers unwary investors to higher-priced alternative investment funds.
by kenner
Sat Jul 02, 2016 1:21 pm
Forum: Personal Investments
Topic: Bond fund help
Replies: 19
Views: 1766

Re: Bond fund help

Absent additional information, it seems that the addition of BND to your portfolio of VTI (TSM) and DBLTX (Total Return) is not wholly irrational.
by kenner
Sat Jul 02, 2016 9:09 am
Forum: Personal Investments
Topic: New member and investor on Vanguard [3-5 year window]
Replies: 18
Views: 1791

Re: New member and investor on Vanguard [3-5 year window]

If you like the popular 3 fund plan i read about here, they may manage that, once they can no longer rely on me? Personally, I find having few funds and stocks boring and this is my major pastime now. I have always enjoyed working with numbers and research, no mater the topic. The 3-fund investment...
by kenner
Fri Jul 01, 2016 11:33 pm
Forum: Personal Investments
Topic: New member and investor on Vanguard [3-5 year window]
Replies: 18
Views: 1791

Re: New member and investor on Vanguard [3-5 year window]

My individual bonds are in Edward Jones. Soon, I hope to move them if possible :( because I have no need for an advisor, or extra commission fees. EJ makes a fortune in commission fees on trades and shared high load mutual funds, some like American funds, are fairly good. My question here regards m...
by kenner
Fri Jul 01, 2016 3:38 pm
Forum: Personal Investments
Topic: My Variable Annuity [what do I have?]
Replies: 39
Views: 5370

Re: My Variable Annuity [what do I have?]

My (no longer) financial advisor helped me put around $100K into a variable annuity with a 6% "Predictor Plus" rider, in 2007. Despite reading a number of articles here and other places, I have no idea what I actually have. Variable annuities are notoriously complicated and difficult to u...
by kenner
Thu Jun 30, 2016 2:40 am
Forum: Investing - Theory, News & General
Topic: I think Buffett got this wrong
Replies: 87
Views: 6822

Re: I think Buffett got this wrong

Warren Buffett wrote: " Prospective purchasers should much prefer sinking prices ." [quote="rbaldini"] I think this is wrong. Buffett seems to think that a dropping market means that we are getting a better deal. [Quote] Seems that an investor who is contemplating buying stocks, ...
by kenner
Thu Jun 30, 2016 2:16 am
Forum: Investing - Theory, News & General
Topic: What is the Bogleheads position on Long-term successful daytraders?
Replies: 104
Views: 12429

Re: What is the Bogleheads position on Long-term successful daytraders?

A reasonable position may be this: It is possible that some day traders can achieve long term success, but it may be foolish to accept naked claims of success absent verified audited tax returns over a long term (say, perhaps 20 years).
by kenner
Wed Jun 29, 2016 2:38 pm
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 8351

Re: Not legal advice

This situation seems to be reminiscent of an episode of "Seinfeld".
by kenner
Wed Jun 29, 2016 1:09 pm
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 8351

Re: Not legal advice

To make it clear, I am not looking for legal advice, only an opinion. I know there are folks on this forum that know much more than I do about legal issues and are willing to share opinions. You are right, we can offer thoughts, but not definitive advice. I live in a over 55 community that has very...
by kenner
Wed Jun 29, 2016 12:24 pm
Forum: Investing - Theory, News & General
Topic: What's the deal with Japan?
Replies: 62
Views: 9901

Re: What's the deal with Japan?

For what it's worth, here's one rather simplistic article written about 18 months ago from CNN Money analysis: " ... exactly 25 years ago -- on December 29, 1989, the Nikkei Index peaked at 38,915.87. It hasn't come close to that level ever since -- in fact, it currently trades at less than hal...
by kenner
Wed Jun 29, 2016 10:49 am
Forum: Personal Consumer Issues
Topic: Favorite ski resort
Replies: 61
Views: 6377

Re: Favorite ski resort

Vail/Beaver Creek, though expensive, probably has the best combination of skiing variety, convenience, entertainment/nightlife, and dining.
by kenner
Mon Jun 27, 2016 1:24 pm
Forum: Personal Investments
Topic: Variable Annuity Question, early withdrawal?
Replies: 11
Views: 1242

Re: Variable Annuity Question, early withdrawal?

I am going to hold it and slowly withdrawal when I'm in a lower tax bracket (past 59 1/2), or annuitize in the future (past 59 1/2) if rates are favorable. Expenses on the fund aren't horrible 0.45% (Vanguard Moderate Allocation 60/40). Depending on state law, the annuity may also provide you with ...
by kenner
Wed Jun 22, 2016 1:56 pm
Forum: Personal Investments
Topic: Riversource Variable Annuity - can I get out?
Replies: 9
Views: 2975

Re: Riversource Variable Annuity - can I get out?

I realize I was looking at the wrong number for the initial investment I made. The total purchase payments were $33K, but the cost basis was $15K -- and it's now worth $38K. So the gain was around $23K (is that at least a decent rate of return over 9 years? I doubt it, but hope springs eternal). Th...
by kenner
Wed Jun 22, 2016 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: lawsuit question
Replies: 3
Views: 1108

Re: lawsuit question

This will be state dependent. JT True. The likely determining factor will be the statute of limitations in the state whose law applies in your case. Your attorney has a fiduciary duty (the highest legal standard) to advise you regarding such questions. If your case involves a federal cause of actio...
by kenner
Sat Jun 18, 2016 10:33 am
Forum: Personal Investments
Topic: Need investment help for daughter
Replies: 13
Views: 1244

Re: Need investment help for daughter

KESP....I would make this stupendously simple, and go for the lowest cost. Fidelity Total Market Index Premium: 80% Black Rock US Total Bond Index Instl: 20% Cost matters. A lot. Yup. Agree. Put the international in a Roth IRA. Sure. Not many 24-year olds have the financial wherewithal and discipli...
by kenner
Sat Jun 18, 2016 10:10 am
Forum: Personal Investments
Topic: Need investment help for daughter
Replies: 13
Views: 1244

Re: Need investment help for daughter

xenial- I just thought 30% in international stocks given the lack of consensus on this forum as to whether they are a good idea was a little high. With the excellent option that the Fidelity Total Stock market offers, I thought that would be a more solid way to go. watty- between her 403b and her 4...
by kenner
Sat Jun 18, 2016 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella policy differences between insurers ?
Replies: 13
Views: 2267

Re: Umbrella policy differences between insurers ?

I would definitely read the fine print. For example, we have umbrella insurance. However, it was up for renewal last month, and the renewal letter said that the policy was changing and no longer covered dog bites. While the chance our dog would bite someone is infiniteismal, we want that coverage o...
by kenner
Sat Jun 18, 2016 4:45 am
Forum: Personal Investments
Topic: Law firm capital contribution as part of asset allocation?
Replies: 11
Views: 1782

Re: Law firm capital contribution as part of asset allocation?

I'm not concerned about the stability of my firm, which is a large international law firm that is very financially conservative. Nonetheless, based on the replies, it appears that I should not factor the capital contribution into my asset allocation. Thanks to everyone for the thoughtful and helpfu...
by kenner
Fri Jun 17, 2016 1:36 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12401

Re: Bogle says "You don't need bonds ?"

Kevin M wrote:
So in response to those people challenging that he said no investor needs bonds, of course he didn't say that.

Kevin
Thanks, Kevin.

That's exactly the message that serious investors need to hear.
by kenner
Thu Jun 16, 2016 10:33 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12401

Re: Bogle says "You don't need bonds ?"

Bloomberg , not regarded as a source of hyperbole, published this article that bolsters the case for owning bonds: http://www.bloomberg.com/news/articles/2011-10-31/bonds-beating-u-s-stocks-over-30-years-for-first-time-since-19th-century 30 years of underperformance by stocks vs. bonds is an entire...
by kenner
Thu Jun 16, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12401

Re: Bogle says "You don't need bonds ?"

jwillis77373 wrote:
Interpretation is up to the "listener".
Fair enough.
by kenner
Thu Jun 16, 2016 12:43 pm
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12401

Re: Bogle says "You don't need bonds ?"

"You don't need Bonds" was an exact quote. So are interpreting that as John Bogle advocating that "no investor - regardless of age, financial needs, goals and risk tolerance - should ever hold bonds and/or bond funds in a long term investment portfolio designed to fund and protect hi...
by kenner
Thu Jun 16, 2016 10:11 am
Forum: Investing - Theory, News & General
Topic: Bogle says "You don't need bonds ?"
Replies: 68
Views: 12401

Re: Bogle says "You don't need bonds ?"

I listened to all of Mr. Bogle's comments during the webinar. I did not hear him say "you don't need bonds". I did not hear him say "no one needs bonds". What I heard him say was that "age in bonds is a reasonable guide for most investors". In point of fact, Mr. Bogle a...
by kenner
Wed Jun 15, 2016 11:20 pm
Forum: Personal Investments
Topic: Riversource Variable Annuity - can I get out?
Replies: 9
Views: 2975

Re: Riversource Variable Annuity - can I get out?

Grabiner wrote: The penalty he is thinking of is a tax penalty, not a surrender fee; the amount was corrected above. If this variable annuity does have a surrender fee, the fee should be gone or almost gone by now because the account is nine years old. Looks like the surrender charges no longer app...
by kenner
Tue Jun 14, 2016 4:02 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 142
Views: 23338

Re: Any Porsche 911 owners here?

I've owned - and enjoyed - a few Porsches. A Porsche 911 Carrera Cabriolet that I bought and drove every day for two years eventually sold for more than I paid for it. Maintenance costs were minimal. To some people, that would be considered a reasonable "investment". Not sure many Toyotas ...
by kenner
Mon Jun 13, 2016 8:24 am
Forum: Investing - Theory, News & General
Topic: NYT: Hedge Funds Make Effort to Retain Investors
Replies: 8
Views: 1851

Re: NYT: Hedge Funds Make Effort to Retain Investors

Some of us have "play money" from time to time.

I liken giving money to a hedge fund manager to gambling in Las Vegas - with roughly the same odds of success.
by kenner
Wed Jun 08, 2016 4:24 am
Forum: Personal Investments
Topic: Mothers Annuity?
Replies: 5
Views: 1160

Re: Mothers Annuity?

Very good suggestions provided above. The key to making good decisions in cases like this is to clearly define the exact goals for the investment (electing a stream of income, or another goal), to fully understand all aspects of the investment and all it's options, and, especially, all current and f...
by kenner
Mon Jun 06, 2016 1:53 pm
Forum: Personal Investments
Topic: Portfolio advice planning on taking away FA @ Ameriprise
Replies: 71
Views: 6977

Re: Portfolio advice planning on taking away FA @ Ameriprise

This thread shows the value of the Boglehead's forum, the original poster got a lot of excellent advice for only the cost of some time. I am thankful there are knowledgeable people willing to wade through all the detail and give very detailed advice step by step. Reading through threads like this a...
by kenner
Mon Jun 06, 2016 1:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advisor Services suggests plan....
Replies: 41
Views: 7055

Re: Vanguard Advisor Services suggests plan....

I'd recommend that you call the VG advisor, explain that you wish to keep your current asset allocation and ask if they will work with you on that basis and encourage you to "stay the course" during turbulent times in the stock and bond markets. They may be willing to accede to your wishe...
by kenner
Mon Jun 06, 2016 1:33 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Advisor Services suggests plan....
Replies: 41
Views: 7055

Re: Vanguard Advisor Services suggests plan....

I'd recommend that you call the VG advisor, explain that you wish to keep your current asset allocation and ask if they will work with you on that basis and encourage you to "stay the course" during turbulent times in the stock and bond markets. They may be willing to accede to your wishes.
by kenner
Mon Jun 06, 2016 8:54 am
Forum: US Chapters
Topic: Deleted
Replies: 47
Views: 7083

Re: D Day 72 years ago...

... a movie like Saving Private Ryan still managed to glamorize war, in a way, make it exciting. To each his own, but I had a very different reaction to the depiction and import of war as portrayed in "Saving Private Ryan". Like most American kids growing up in the 1950's and '60s, I was ...
by kenner
Sun Jun 05, 2016 4:01 am
Forum: Investing - Theory, News & General
Topic: When a fiduciary is not acting in your best interest...
Replies: 39
Views: 3984

Re: When a fiduciary is not acting in your best interest...

Among the harmful effects of the 5.75% front end loads imposed by AF is that this cost often decreases investment returns to investors for a decade or longer. The reported performance of the fund is not the same as the investment return to individual investors. In terms of the investment lives of mo...
by kenner
Sat Jun 04, 2016 4:51 pm
Forum: Investing - Theory, News & General
Topic: When a fiduciary is not acting in your best interest...
Replies: 39
Views: 3984

Re: When a fiduciary is not acting in your best interest...

There isn't any legal recourse. Nothing has been violated. Putting people in a non-Boglehead portfolio is not against the law. Charging fees, using high expense funds, using loaded funds, using redundantly diversified portfolios, using every asset class under the sun, and all sorts of other things ...
by kenner
Sat Jun 04, 2016 8:44 am
Forum: Investing - Theory, News & General
Topic: When a fiduciary is not acting in your best interest...
Replies: 39
Views: 3984

Re: When a fiduciary is not acting in your best interest...

This would probably anger virtually any knowledgeable investor.

But it is not clear whether you have an actionable question for the contributors to this forum.

There may be legal recourse for your friend. Are you seeking thoughts in that regard?
by kenner
Wed Jun 01, 2016 10:15 am
Forum: Personal Consumer Issues
Topic: Possible issues with contractor - driveway
Replies: 13
Views: 2122

Re: Possible issues with contractor - driveway

Here are some suggestions: Ask the original contractor to inspect the driveway in order to learn his perspective about the situation and to learn what he is willing to do to correct any problem. I doubt that photos alone will clearly depict the problem. If contractor is unhelpful, get a second opini...