Search found 719 matches

by Midpack
Mon Apr 16, 2012 4:25 pm
Forum: Investing - Theory, News & General
Topic: When to buy an annuity or take a pension?
Replies: 9
Views: 972

Re: When to buy an annuity or take a pension?

I must be making this simpler than it really is... :confused Quarterly (overkill I suppose), I compare our portfolio total (which includes all real returns and withdrawals) to the cost of an annuity that assures our floor income needs are met, and will buy when/if we get too close to our "annui...
by Midpack
Mon Apr 16, 2012 4:18 pm
Forum: Personal Investments
Topic: [Any] Companies Issue Inflation Adj. SPIA?
Replies: 28
Views: 2050

Re: [Any] Companies Issue Inflation Adj. SPIA?

i havent really forgotten that. Unless you are going to avoid the market your entire life, you always have the risk of selling low/missing a good bull run etc no matter when you convert to a spia. While i mention age 80, it might be 75 or might be 85 depending on a bunch of factors. Since im invest...
by Midpack
Sat Apr 14, 2012 1:12 pm
Forum: Personal Consumer Issues
Topic: Where do we bogleheads Splurge?!
Replies: 138
Views: 13007

Re: Where do we bogleheads Splurge?!

Stonebr wrote:Early retirement.
+1, me too.

And I just bought a new car, even though my 10 year old Honda Element would have most likely given me years more service without serious maintenance issues. For most, car buying is a varying mix of rational, and not...
by Midpack
Tue Apr 03, 2012 3:37 pm
Forum: Investing - Theory, News & General
Topic: Bernstein, rebalancing and "equality of returns"
Replies: 58
Views: 5160

Re: Bernstein, rebalancing and "equality of returns"

chaz wrote:I have liked Bernstein since I read his 4 pillars.
+1. The lessons from that book have continued to serve me well.
by Midpack
Mon Apr 02, 2012 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend to get taxes done?
Replies: 86
Views: 6919

Re: How much do you spend to get taxes done?

Zero here too. Got TurboTax Deluxe including State from Vanguard, and eFiled Fed so no postage. I will have to pay postage for state income tax, so I guess more like 45 cents. :)
by Midpack
Sat Mar 24, 2012 3:16 pm
Forum: Investing - Theory, News & General
Topic: Single Most Valuable Thing
Replies: 50
Views: 4036

Re: Single Most Valuable Thing

Less is more...just another way of saying what many posts have already stated.
by Midpack
Sat Mar 24, 2012 11:29 am
Forum: Investing - Theory, News & General
Topic: Bogle vs. Jobs
Replies: 24
Views: 2870

Re: Bogle vs. Jobs

All depends on how you look at it. Both are great men and both made great contributions to society. If you want to judge it from who had the bigger impact on society than it goes to Steve Jobs. There are a lot more people with iPhones, iPods & iPads running around than people with Vanguard acco...
by Midpack
Sun Mar 11, 2012 4:16 pm
Forum: Personal Consumer Issues
Topic: Tire Warranties
Replies: 55
Views: 8001

Re: Tire Warranties

I rotate our tires every 5K miles and keep them properly inflated, and I've never gotten the warranty miles as advertised in my 57 yo life. I've had Goodyear, Firestone, Pirelli, Bridgestone, Yokohama, Michelin, Dunlop & BF Goodrich that I can remember, if not other brands. The warranties are pr...
by Midpack
Sun Mar 11, 2012 2:32 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1516982

Re: What Book Are You Currently Reading? Part V

Just finished Coming Apart by Charles Murray, thought it was interesting and thought provoking. Basically about how US culture has declined, though less about how or why. Amazon description: In Coming Apart, Charles Murray explores the formation of American classes that are different in kind from an...
by Midpack
Mon Mar 05, 2012 11:35 am
Forum: Investing - Theory, News & General
Topic: Determine Your Risk Set Point - WSJ
Replies: 47
Views: 4185

Re: Determine Your Risk Set Point - WSJ

I think folks who have been investing for 10 or more years have some idea of their tolerance for risk. Just take the last 11-12 years. We had the internet bubble burst in early 2000, and that resulted in a huge drop in the market. Then we had 9-11, with another huge drop. Then we had the housing bu...
by Midpack
Mon Mar 05, 2012 11:22 am
Forum: Investing - Theory, News & General
Topic: My “Aha!” Moment in Investing
Replies: 94
Views: 10798

Re: My “Aha!” Moment in Investing

I had a similar experience. I started as a Peter Lynch fan (and luckily did well, mostly thanks to years I was buying & selling individual stocks) but I was already headed toward the Bogle approach. Then I read The Four Pillars of Investing 9 years ago and any doubts that may have remained in my...
by Midpack
Mon Mar 05, 2012 9:31 am
Forum: Personal Consumer Issues
Topic: Countertops - value and durability
Replies: 45
Views: 7610

Re: Countertops - value and durability

I find the granite and quartz look very different. We were initially looking at quartz, but the lack of heat resistance and the pattern repeats were a turn-off. I do think it matters who you are talking to, we get different answers regarding the durability of quartz. But the cheapest quartz pattern...
by Midpack
Mon Mar 05, 2012 8:30 am
Forum: Personal Consumer Issues
Topic: Countertops - value and durability
Replies: 45
Views: 7610

Re: Countertops - value and durability

We went for quartz so I can't help. I also love the look of soapstone, we put slate in one of our bathrooms, a somewhat similar look. Don't like granite, looks much like quartz but less durable. But soapstone would be too maintenance intense for a kitchen in our view. OP needs to choose a priority b...
by Midpack
Sun Mar 04, 2012 2:50 pm
Forum: Personal Consumer Issues
Topic: At what $/gal would you offer to pay for gas?
Replies: 11
Views: 1102

Re: At what $/gal would you offer to pay for gas?

Assuming we're not talking about someone driving who will be reimbursed for business expense, I always offer for any trip outside a small radius in the town we live in. What it costs has never entered into the decision, why should it? Now if you're in a carpool where everyone splits the driving equa...
by Midpack
Sun Mar 04, 2012 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone not depending on social security when they retire?
Replies: 93
Views: 6675

Re: Is anyone not depending on social security when they ret

The full amount of Soc Sec may be a small part of retirement income for a given individual, but is there anyone who won't use the full amount whatever that is? Are some people going to give back or give away some or all of it? I am retired but I am not taking Social Security and I don't intend to. ...
by Midpack
Sun Mar 04, 2012 11:25 am
Forum: Personal Investments
Topic: Is this market timing?
Replies: 5
Views: 727

Re: Is this market timing?

Tail wagging the dog? You want to consider the tax implications but the primary objective is to raise $10K in cash. Which fund do you want to own after the transaction(s)? You could sell A, sell B or sell $5K of each (and have partially offsetting gains & losses to minimize taxes). Short term vs...
by Midpack
Sun Mar 04, 2012 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone not depending on social security when they retire?
Replies: 93
Views: 6675

Re: Is anyone not depending on social security when they ret

The full amount of Soc Sec may be a small part of retirement income for a given individual, but is there anyone who won't use the full amount whatever that is? Are some people going to give back or give away some or all of it? I assumed the OP meant how much of total retirement income will come from...
by Midpack
Sat Mar 03, 2012 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: How much is Joe's emergency fund?
Replies: 25
Views: 2937

Re: How much is Joe's emergency fund?

Hey Joe : My answer is also about $5,000. Credit is not an emergency fund. In an emergency, you presumably don't have any income, so credit is just digging a hole you may not be able to fill. A lot of people thought so around 2006, and painfully learned otherwise since 2008...unfortunately some of ...
by Midpack
Sat Mar 03, 2012 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much is Joe's emergency fund?
Replies: 25
Views: 2937

Re: How much is Joe's emergency fund?

Hey Joe : My answer is also about $5,000. Credit is not an emergency fund. In an emergency, you presumably don't have any income, so credit is just digging a hole you may not be able to fill. A lot of people thought so around 2006, and painfully learned otherwise since 2008...unfortunately some of ...
by Midpack
Sat Mar 03, 2012 10:51 am
Forum: Personal Finance (Not Investing)
Topic: How much is Joe's emergency fund?
Replies: 25
Views: 2937

Re: How much is Joe's emergency fund?

Joe has $10,000 in a taxable account in mutual funds and bonds. The bond-based portion might count if it's investment-grade, intermediate-term or shorter, and if it can be drawn on separately from the stock portion. An emergency is an emergency. I might (and do, for myself) count the stock portion ...
by Midpack
Sat Mar 03, 2012 10:42 am
Forum: Personal Investments
Topic: Is a correction coming?
Replies: 43
Views: 3815

Re: Is a correction coming?

Not trying to time the market but I also don't want to be silly. I am sitting on a goodly amount of cash and it seems, from looking at all of the news, that there are a lot of others doing the same thing. A number of the funds I would like to take a postion in are all trading at 52 week highs. All ...
by Midpack
Fri Mar 02, 2012 9:43 am
Forum: Personal Investments
Topic: Bond Market Bubble?
Replies: 10
Views: 1155

Re: Bond Market Bubble?

Beyond that, the Fed does not control bond interest rates. They can influence it, certainly, but that is different from controlling it. What are bond interest rates? No one said they control bond prices, but Fed funds rates certainly influence bond prices http://apps.finra.org/investor_information/...
by Midpack
Thu Mar 01, 2012 4:42 pm
Forum: Personal Investments
Topic: Bond Market Bubble?
Replies: 10
Views: 1155

Re: Bond Market Bubble?

once interest rates start climbing in late 2013/early 2014 Just to highlight - this section of your post is pure speculation. You may have gotten the idea from an 'expert' somewhere, but if so, that expert is also speculating. All of the 'experts' were also sure that rates were going to skyrocket i...
by Midpack
Wed Feb 29, 2012 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Beach Condo. Good or bad?
Replies: 50
Views: 13675

Re: Beach Condo. Good or bad?

We'd love to have a beach condo too and we love the east coast (wifey grew up in RI, BIL is a lifelong Pat season ticket holder). But we'd be spooked by hurricane damage, that's why we're looking at a place in the Triangle area. Within driving distances, but far less hurricane wind exposure. YMMV
by Midpack
Tue Feb 28, 2012 1:14 pm
Forum: Personal Consumer Issues
Topic: Early retirement to Florida
Replies: 177
Views: 23955

Re: Early retirement to Florida

Interesting thread. We lived in Lakeland FL for three years and visited Orlando & Tampa/Clearwater a lot. We didn't care for FL at all, but we know that's not the prevailing POV. Don't know much about Gainesville, but we visited Winter Park many times, and it's the nicest area around Orlando we...
by Midpack
Tue Feb 28, 2012 11:19 am
Forum: Personal Consumer Issues
Topic: Early retirement to Florida
Replies: 177
Views: 23955

Re: Early retirement to Florida

Interesting thread. We lived in Lakeland FL for three years and visited Orlando & Tampa/Clearwater a lot. We didn't care for FL at all, but we know that's not the prevailing POV. Don't know much about Gainesville, but we visited Winter Park many times, and it's the nicest area around Orlando we ...
by Midpack
Mon Feb 27, 2012 8:08 pm
Forum: Investing - Theory, News & General
Topic: What is T. Rowe Price getting at?
Replies: 9
Views: 1726

Re: What is T. Rowe Price getting at?

I assume you read the accompanying article already, so what's the question? http://individual.troweprice.com/public/Retail/Planning-&-Research/T.-Rowe-Price-Insights/Market-Analysis/The-Stock-Market-in-Presidential-Election-Years . Influence (or lack thereof) of presidential elections on returns...
by Midpack
Mon Feb 27, 2012 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Money magazine for Bogleheads?
Replies: 35
Views: 4317

Re: Money magazine for Bogleheads?

I read it in waiting rooms from time to time, but probably not even annually. And I'm not sure how "no" and "not compatible with my Boglehead philosophy" go together...
by Midpack
Sun Feb 26, 2012 3:29 pm
Forum: Personal Investments
Topic: What is your rebalance trigger?
Replies: 40
Views: 3117

Re: What is your rebalance trigger?

As Aptenodytes mentioned, I tend to go with 5/25, that is, anything that's supposed to be below 20% of the total allocation causes a rebalancing if it's +/-25% out of whack (e.g. it should be 10% and is above 12.5% or below 7.5%), and anything above 20% when it's 5% away from the target (e.g. it sh...
by Midpack
Sat Feb 25, 2012 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is budgeting necessary if you live a simple and frugal life?
Replies: 100
Views: 7149

Re: Is budgeting necessary if you live a simple and frugal l

We've always naturally spent a lot less than our incomes, so we didn't budget for the first 20-25 years of our marriage. We also just transferred excesses from our bank account to Vanguard whenever the bank balance got high. However, once we got closer to retirement age, we wanted to make sure we ac...
by Midpack
Thu Feb 23, 2012 5:29 pm
Forum: Investing - Theory, News & General
Topic: Sean Hannity is not in the market
Replies: 50
Views: 5076

Re: Sean Hannity is not in the market

I was thinking to myself, who should I trust Sean Hannity or Warren Buffett and Jack Bogle. I really don't mean to be offensive (and you pretty much say the same thing), but this is probably the most ridiculous question ever asked on this forum! :lol: I don't think it's a ridiculous question. If th...
by Midpack
Wed Feb 22, 2012 11:03 am
Forum: US Chapters
Topic: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!
Replies: 56
Views: 8213

Re: JACK BOGLE'S MESSAGE TO BH: Two Birthdays!

Thank you Mr. Bogle. Every dime we have is with Vanguard, we've done very well, and we sleep well too. Too many investors only get one or the other.

And this forum has indeed been a wonderful resource for all.

Many more Happy Birthdays to you too!
by Midpack
Sat Feb 18, 2012 10:36 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you start feeling old?
Replies: 110
Views: 11659

Re: At what age did you start feeling old?

graveday wrote:
BenBritt wrote:Victoria F, try to lighten up a bit. Not everthing is serious.
Actually, she has fully intact sense of humor, judging from many of her posts.
Sure wish there was a sarcasm font...
by Midpack
Thu Feb 16, 2012 11:04 am
Forum: Investing - Theory, News & General
Topic: If you use a commodities fund, which one do you use?
Replies: 15
Views: 1959

Re: If you use a commodities fund, which one do you use?

I settled on VGENX also, though I realize it's not a broad commodity fund at all...
by Midpack
Thu Feb 16, 2012 11:02 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you start feeling old?
Replies: 110
Views: 11659

Re: At what age did you start feeling old?

Actually just recently, about 57 years old. I was feeling a little old in my late 40's, then I started exercising regularly and almost felt like I was (physically) in my 30's again, but it's started to catch up with me again. And having the need for reading glasses hit me at 44 was an unwelcome inco...
by Midpack
Wed Feb 15, 2012 5:11 pm
Forum: Investing - Theory, News & General
Topic: SV and Reit Tilters Only Please
Replies: 60
Views: 4618

Re: SV and Reit Tilters Only Please

Total of 32% of total asset allocation (I'm 52% equity, so you could say considerable tilt). 6% LCV, 4% REIT, 6% SC & 6% SCV. I also hold 6% Emer Mkts and 4% Energy Sector. I consider all of them tilts (anything other than total US, total Intl and total bond) though you're evidently only asking ...
by Midpack
Mon Feb 13, 2012 10:31 am
Forum: Investing - Theory, News & General
Topic: Has Buffett changed anyones mind
Replies: 65
Views: 5364

Re: Has Buffett changed anyones mind

Buffett is not directing his comments at the average Boglehead holding a market portfolio, he is directing it at hot money holding 100% gold or bonds, because they overheard it at the water cooler. Berkshire has "liquidity requirements" and therefore holds short-term securities.... guess ...
by Midpack
Sun Feb 12, 2012 11:34 am
Forum: Investing - Theory, News & General
Topic: WSJ The New Bond Market
Replies: 30
Views: 3167

Re: Outsmarting the Bond Market ?

Bogleheads: Many years ago, as a director of the Dade Couny Housing authority, I went to New York City to sign papers for a new bond issuance. I was invited into the bond trading room of Shearson-Lehman. It was a very large room with at least 100 bond experts sitting in front of their computers loo...
by Midpack
Sun Feb 12, 2012 8:21 am
Forum: Investing - Theory, News & General
Topic: What does "Stay The Course" mean to you??
Replies: 32
Views: 3534

Re: What does "Stay The Course" mean to you??

I vary my AA based on valuation, but only within a narrow range, between 40:60 and 60:40. And even then slowly. I am retired and I'm currently 52:39:9, likely to increase equity near term, probably without any transaction needed.
by Midpack
Sat Feb 11, 2012 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Ways to Burn Up Prepaid Phone Credit?
Replies: 17
Views: 2152

Re: Creative Ways to Burn Up Prepaid Phone Credit?

Is there a particular reason for not making phone calls on this phone? I have a home phone that charges for long distance calls. If I have too many minutes on my pre-paid phone, I call my father from the pre-paid rather than from the home phone. It may be costing more on an official per minute basi...
by Midpack
Sat Feb 11, 2012 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Ways to Burn Up Prepaid Phone Credit?
Replies: 17
Views: 2152

Re: Creative Ways to Burn Up Prepaid Phone Credit?

I also pay $15-16/month for my Net10 cell service and usually can't use up the 200-250 min/month. But I have an older "smart phone" that does have a (very slow) limited browser. I have started using the browser (it can be handy) to use up minutes - more likely to do so when I'm closer to r...
by Midpack
Sat Feb 11, 2012 3:44 pm
Forum: Investing - Theory, News & General
Topic: Poll: Reacting to possible rising yield environment
Replies: 23
Views: 1460

Re: Poll: Reacting to possible rising yield environment

I chose reducing duration, though only subtly IMO. Until last Fall, bond portion of my AA (@40%) was all VBTLX/Total Bond Market. Last Fall, I split my bond allocation (still @40% total) equally between VBTLX & VFSUX/Short Term Investment Grade - though the unfortunate choice of MF symbol letter...
by Midpack
Fri Feb 10, 2012 5:21 pm
Forum: Investing - Theory, News & General
Topic: Can you quantify getting "killed" on bonds?
Replies: 56
Views: 5441

Re: Can you quantify getting "killed" on bonds?

patrick wrote:For example, if inflation averages 7% while your bonds return 3% nominal per year, you will lose more than half of your money (in real terms) within 20 years.
Though unprecedented (for 20 yrs) and not anything I'd base a plan on...
by Midpack
Fri Feb 10, 2012 3:30 pm
Forum: Investing - Theory, News & General
Topic: Can you quantify getting "killed" on bonds?
Replies: 56
Views: 5441

Re: Can you quantify getting "killed" on bonds?

I wrote a blog about this question. You can read it here: Fears of Soaring Rates are Overblown (Part 1 of 2) Fears of Soaring Rates are Overblown (Part 2 of 2) Rick Ferri I read them, helpful articles as usual. Just getting more views, feeling better already thanks everyone. I am prepared for a 50%...
by Midpack
Fri Feb 10, 2012 12:38 pm
Forum: Investing - Theory, News & General
Topic: Can you quantify getting "killed" on bonds?
Replies: 56
Views: 5441

Can you quantify getting "killed" on bonds?

I am sticking with my AA though I have shortened bond duration some, but all the doomsday articles on the outlook for bonds is wearing on me. We all know interest rates have to rise eventually, even if not until 2014, and bonds will take a capital whack in the process - though they will generate som...
by Midpack
Fri Feb 10, 2012 12:27 pm
Forum: Personal Investments
Topic: how do employers pick funds for 401k
Replies: 23
Views: 4308

Re: how do employers pick funds for 401k

The two companies I was with (one a public Fortune 500, the other medium sized private llc) both offered almost nothing but high expense ratio active funds. In most asset classes, you got one fund to "choose" from. They were awful, and selected by a committee of people, many from HR who kn...
by Midpack
Fri Feb 10, 2012 12:21 pm
Forum: Investing - Theory, News & General
Topic: Retire on 2 million - design the withdrawal AA + process
Replies: 109
Views: 14141

Re: Retire on 2 million - design the withdrawal AA + process

Most of the answers you're getting discuss AA, because that's the easy part of the question, though you got a few "process" comments. The "process" or distribution plan is much more difficult IMO than accumulation leading up to retirement. I could make a recommendation, but it's ...
by Midpack
Wed Feb 08, 2012 4:56 pm
Forum: Investing - Theory, News & General
Topic: Why is it so darn hard to be a "Couch Potato" investor?
Replies: 45
Views: 5147

Re: Why is it so darn hard to be a "Couch Potato" investor?

Because despite all his/her reading, Mr. Athletic investor still doesn't believe the fundamentals of couch potato investing. He/she still believes it's not good enough to outperform 75% +/- of investors using a passive approach, ego won't let them. And there are a lot of of seemingly bright people, ...
by Midpack
Wed Feb 01, 2012 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Please explain differences between Wills/Trust
Replies: 18
Views: 2775

Re: Please explain differences between Wills/Trust

Suze Orman says everyone should have:

1. Advanced Directive (aka Living Will) & Durable Power of Attorney
2. Revocable Trust
3. (Last) Will
4. Financial Power of Attorney

FWIW...
by Midpack
Wed Feb 01, 2012 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Keep my car or buy new car?
Replies: 73
Views: 4465

Re: Keep my car or buy new car?

Your scenario works because you're trading down, an Elantra is no WRX. Where keeping a car for more years is almost always cheaper in the long run, that assumes an equivalent car. So the money is pretty neutral for what you're proposing.