Search found 5619 matches

by David Jay
Thu Jun 18, 2015 1:19 am
Forum: Investing - Help with Personal Investments
Topic: AA if uncertain of job stability in next 10 years
Replies: 12
Views: 1797

Re: AA if uncertain of job stability in next 10 years

Second note - you have a lot of cash floating around in those accounts. I would put at least some of that to work.

VMMXX is not an investment strategy.
by David Jay
Thu Jun 18, 2015 1:15 am
Forum: Investing - Help with Personal Investments
Topic: AA if uncertain of job stability in next 10 years
Replies: 12
Views: 1797

Re: AA if uncertain of job stability in next 10 years

Your 1 year emergency fund is your first line of defense. Good job there. That gives you time to work things through if inconvenient things happen. If it was me, I would have a growth-oriented AA. I don't know what your "number" is for early retirement, but I would want to get there as quickly as po...
by David Jay
Thu Jun 18, 2015 12:31 am
Forum: Investing - Help with Personal Investments
Topic: tIRA's RMDs causing increasing tax concerns
Replies: 61
Views: 9571

Re: tIRA's RMDs causing increasing tax concerns

Lynette:

I live outstate MI. Can I buy your low mileage, 5 year old car in 2020?

I promise I won't show up at midnight!
by David Jay
Wed Jun 17, 2015 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: What are the best Vanguard ETFs for my IRA
Replies: 8
Views: 4844

Re: What are the best Vanguard ETFs for my IRA

What's the HQH? That looks scary.

Is diversification possible or is that employer stock?

No one should ever have 54% of their assets in a single vehicle (with the possible exception of Treasuries if you have already made your retirement number, i.e. you have "won").
by David Jay
Wed Jun 17, 2015 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie intro. Eager to learn!
Replies: 17
Views: 2042

Re: Newbie intro. Eager to learn!

Me, I use a ROTH for my stock-picking account. I never have to even think about the tax consequences!
by David Jay
Wed Jun 17, 2015 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie intro. Eager to learn!
Replies: 17
Views: 2042

Re: Newbie intro. Eager to learn!

I see you like to make interesting investments. With your assets, that's fine, as long as you put strict limits on yourself. Put a certain percentage (90%, 85%, whatever) in the 3-fund portfolio and don't touch it, regardless of what happens, until retirement. Do whatever you want with that 10 or 15...
by David Jay
Wed Jun 17, 2015 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: I'm new to investing and have a few basic questions (Roth or not to Roth, mutual funds or index, etc.)
Replies: 5
Views: 1181

Re: I'm new to investing and have a few basic questions (Roth or not to Roth, mutual funds or index, etc.)

There is no penalty (tax or otherwise) for moving your ROTH to Vanguard. The company you are leaving typically does charge a modest fee to close the account. My charge was 50 bucks. You go to Vanguard, open a ROTH and ask Vanguard to do a transfer. If you request a transfer "in kind", they will move...
by David Jay
Wed Jun 17, 2015 5:02 am
Forum: Personal Consumer Issues
Topic: Paying Over Blue Book Value for Used Car
Replies: 12
Views: 8759

Re: Paying Over Blue Book Value for Used Car

OTOH, cars today are much better than the cars of the 90's

My last 2 vehicles were sold with 178,000 and 164,000 respectively. Both of my current vehicles are will over 100,000 miles
by David Jay
Wed Jun 17, 2015 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Index Funds the Way to Go?
Replies: 16
Views: 3562

Re: Index Funds the Way to Go?

I probably shouldn't answer for "53", but my answer is that the stock market can have very high volatility. What happens if the market drops 60% in the months before you want to purchase that house (car, boat, whatever). A moderate growth fund is typically 60% stock, so your down-payment just droppe...
by David Jay
Wed Jun 17, 2015 1:09 am
Forum: Personal Consumer Issues
Topic: "Phantom" Tipping
Replies: 68
Views: 14100

Re: "Phantom" Tipping

I would look at the amounts and check for digit-swapping before I called it theft. If a $12 tip became a $21 dollar tip it is possible that it is just an entry error.

Not being able to present AMEX with the signed receipt is more concerning to me.
by David Jay
Tue Jun 16, 2015 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: 30+ year "set it and rebalance it" portfolio thoughts
Replies: 18
Views: 2759

Re: 30+ year "set it and rebalance it" portfolio thoughts

If you look under the hood of the Target 2055 or Target 2060 funds, you will see that they are only 10% bonds . At your age and with your goal (maximize return), you should have a higher allocation of stocks. Of course, you have to be able to "stay the course" when the 40% market corrections hit - t...
by David Jay
Tue Jun 16, 2015 3:27 am
Forum: Personal Finance (Not Investing)
Topic: Longtime Insurance Customers Get Ripped [overcharged]
Replies: 106
Views: 25703

Re: Longtime Insurance Customers Get Ripped

I'm just impressed with the 840!

(I'm only at 820, even with a perfect payment history, never late on the mortgage, zero balance the credit card every month, etc.)
by David Jay
Tue Jun 16, 2015 2:45 am
Forum: Investing - Help with Personal Investments
Topic: SPIA or Vanguard fund for income at 80?
Replies: 35
Views: 5167

Re: SPIA or Vanguard fund for income at 80?

Something for Auntie to think about - I was reading a thread here on the forum (best place to learn!) and someone asked the question: "Why wait to give to your heirs?" It caused me to think. I have started to fund my 29 YO daughter's ROTH. Why should she have to wait for financial security until her...
by David Jay
Tue Jun 16, 2015 2:31 am
Forum: Personal Consumer Issues
Topic: Comfortable shoes for work
Replies: 43
Views: 6540

Re: Comfortable shoes for work

For business attire - Rockport
by David Jay
Tue Jun 16, 2015 2:04 am
Forum: Personal Consumer Issues
Topic: Retirement areas, not Florida
Replies: 67
Views: 11460

Re: Retirement areas, not Florida

If you are a northerner, Asheville (4000 foot elevation) or nearby.

The Commodore was no fool...
by David Jay
Tue Jun 16, 2015 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Nice Milestone Reached Last Week
Replies: 41
Views: 8402

Re: Nice Milestone Reached Last Week

Jane, you are soooo not average!

congrats
by David Jay
Tue Jun 16, 2015 1:22 am
Forum: Personal Consumer Issues
Topic: Recommend a port, please [Wine]
Replies: 28
Views: 3657

Re: Recommend a port, please [Wine]

Any port...

(wait for it...)

in a Storm.


(sorry)
by David Jay
Mon Jun 15, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 96
Views: 16282

Re: Travel insurance - worth it?

NO.

If you are worried about a cruise connection, fly earlier. If you miss the connection you miss the cruise. Money doesn't replace the cruise.
by David Jay
Mon Jun 15, 2015 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 96
Views: 16282

Re: Travel insurance - worth it?

The insurance company is profitable. Dwell on that for a minute. My standard for all forms of insurance: Can I write a check for replacement? If "yes" then I self-insure. So typically, I have house insurance and auto insurance until a vehicle is worth less than, say $5000. Then the car goes on PLPD ...
by David Jay
Mon Jun 15, 2015 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Max travel time for work
Replies: 14
Views: 2658

Re: Max travel time for work

Family situation is the key. More so than age. I was traveling regularly (a couple of nights out of town every other week) into my early 50s. Now I make fewer, longer trips - Shanghai, China anyone? If you are young and single, go for it. Well worth the money. You just make the adjustments and get u...
by David Jay
Mon Jun 15, 2015 2:30 am
Forum: Investing - Help with Personal Investments
Topic: Investing Through Retirement Years.
Replies: 23
Views: 5036

Re: Investing Through Retirement Years.

We may be able to drive truck for a while; we've always thought of that. It provides income. There is a fair amount of seasonal work if you only want to earn income so you can put money into a tIRA or ROTH. I'm thinking of driving new motorhomes, travel trailers, pleasure boats, etc. A friend of mi...
by David Jay
Mon Jun 15, 2015 2:11 am
Forum: Personal Consumer Issues
Topic: Excel / Visual Basic Coding help
Replies: 4
Views: 975

Re: Excel / Visual Basic Coding help

Nice!

Now if I can just remember that the next time I want to post some code...

David
by David Jay
Mon Jun 15, 2015 12:07 am
Forum: Personal Consumer Issues
Topic: Excel / Visual Basic Coding help
Replies: 4
Views: 975

Re: Excel / Visual Basic Coding help

It's been 20 years since I did a lot of work in VB (v.3!), but I think you may need to do a "setfocus" to return to the text box. When you run it standalone, the focus can only be on the one text box, but in a window with multiple text boxes, it may be necessary to tell it to return to that specific...
by David Jay
Sun Jun 14, 2015 5:37 am
Forum: Personal Consumer Issues
Topic: iPhone 6 or 6 plus for light business travel?
Replies: 27
Views: 3768

Re: iPhone 6 or 6 plus for light business travel?

I'm a frequent flyer (should reach 2MM miles before retirement in 5-7 years) and an iPad guy. I like the iPad for travel - it's my reading material (Kindle reader app), email device (the touch-typing sized keyboard is much better than a phone) and a couple of time-killing games like Sudoku and Chess...
by David Jay
Fri Jun 12, 2015 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Individual stocks that have outperformed the market
Replies: 41
Views: 6004

Re: Individual stocks that have outperformed the market

John: I was responding to the posters who were repeatedly stating that you can't beat the market: ogd: "There's no reason to think you can select stocks better than the market" z3: "...the best we can do is buy all of the stocks and (unlike lotto) get the average return of the market" Don't get me w...
by David Jay
Fri Jun 12, 2015 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor AA and 401k or not
Replies: 4
Views: 724

Re: New Investor AA and 401k or not

Just exploring these issues at 22 puts you decades ahead of most people - Congrats! With the value of your accounts, the domestic/international bond split is not necessary. In addition, any fund allocation under 5% doesn't make much sense because it doesn't have a significant effect on the performan...
by David Jay
Fri Jun 12, 2015 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Individual stocks that have outperformed the market
Replies: 41
Views: 6004

Re: Individual stocks that have outperformed the market

Sorry to all the diehard BH posters, but yes, an individual investor can outperform the markets. It may well be easier for an individual than for the managers of large funds because small purchases do not move the market. Not easy. Requires careful company selection and willingness to hold through u...
by David Jay
Fri Jun 12, 2015 2:17 am
Forum: Investing - Theory, News & General
Topic: REITs - why the volatility?
Replies: 44
Views: 7563

Re: REITs - why the volatility?

These are not Vanguard Funds I am talking about. Vanguard has a Global Real Estate ex-US fund (VGRLX) as well as a US REIT (VGSLX) fund. Thanks for VGRLX . I am in VTQ(ETF of VGSLX) and I am considering adding international exposure. I guess the lack of REIT in the title is why my search didn't ret...
by David Jay
Fri Jun 12, 2015 12:02 am
Forum: Investing - Theory, News & General
Topic: REITs - why the volatility?
Replies: 44
Views: 7563

Re: REITs - why the volatility?

Can someone give me the tickers for the International REIT and the 50/50 REIT.

I went on the Vanguard site and searched for "international REIT" Got nuttin...
by David Jay
Thu Jun 11, 2015 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for my 19 yr old son
Replies: 23
Views: 3358

Re: Investing for my 19 yr old son

If this is intended largely for the purpose of education and experience in investing I would suggest at least a three fund portfolio where one can appreciate the relative behavior of stocks and bonds. It might be a little far fetched but not even crazy to include a small value fund, a REIT fund, an...
by David Jay
Thu Jun 11, 2015 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for my 19 yr old son
Replies: 23
Views: 3358

Re: Investing for my 19 yr old son

Target Retirement until he has $20,000 or so.

Then what dbr (above) said, that is great advice for post-college "continuing education".

After one good bear/bull cycle (age 30?), he'll know what most people never know and us late bloomers are learning in our 40s and 50s.
by David Jay
Thu Jun 11, 2015 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Fund vs ETF
Replies: 16
Views: 3180

Re: Fund vs ETF

stlutz wrote:
What he said. If your account is with Vanguard, I would lean Mutual Fund. If your account is somewhere else, I would lean ETF.
by David Jay
Thu Jun 11, 2015 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Am I stuck with my money being managed by Fidelity?
Replies: 61
Views: 11168

Re: Am I stuck with my money being managed by Fidelity?

Oh, and any "manager" who has you in over 30 funds, each of which is less than 1% of your portfolio, should be charged with criminal negligence. It doesn't matter how well or how badly a fund performs, if it is a half of one percent of your portfolio, the effect on your portfolio is essentially nil....
by David Jay
Thu Jun 11, 2015 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Am I stuck with my money being managed by Fidelity?
Replies: 61
Views: 11168

Re: Am I stuck with my money being managed by Fidelity?

I think you are on top of this, but let me restate: 1. Your IRA has no tax consequences of any type. You can go to any (new) brokerage service and ask them to transfer the IRA account "in kind". The new broker will do all the work for you. All of the funds that can be transferred will be transferred...
by David Jay
Wed Jun 10, 2015 7:43 am
Forum: Personal Consumer Issues
Topic: Should we trade in the old truck or sell it privately?
Replies: 46
Views: 4870

Re: Should we trade in the old truck or sell it privately?

Sell it yourselves. Higher value, and he needs something to do in retirement anyway...
by David Jay
Wed Jun 10, 2015 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey
Replies: 54
Views: 14239

Re: Dave Ramsey

One of the features of using cash is that culturally we spend our cash more carefully than we spend with a credit card. ...but the bottom line is that a budget is the core issue. As Dave says, "put a name on every dollar" before the month begins. The budget self-enforces discipline. And there is no ...
by David Jay
Wed Jun 10, 2015 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Investing ESOP diversification
Replies: 4
Views: 843

Re: Investing ESOP diversification

Oh, and the 20% withheld is NOT what you will owe. You will owe federal and state taxes on it as "income" and a federal 10% penalty on top of that!

Depending on your tax bracket and which state you live in, you may end up with something on the order of 45,000.

Or you can have 68,000 in a tIRA.
by David Jay
Tue Jun 09, 2015 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Investing ESOP diversification
Replies: 4
Views: 843

Re: Investing ESOP diversification

Why would you throw away 20% of your money? I work for a company that is a 100% ESOP, and I received a diversification at age 55, I will receive another at age 60. Your plan is probably similar, so I gather you aren't a spring chicken. Ever consider why they call it a "diversification"? The purpose ...
by David Jay
Mon Jun 08, 2015 1:58 am
Forum: Investing - Help with Personal Investments
Topic: 30 years old / Missed the bull run
Replies: 55
Views: 12594

Re: 30 years old / Missed the bull run

sunny_socal wrote:... and know that the feast-famine cycle is necessary.
I like that so much, I'm going to steal it! If there were no down markets, there would be no risk premium for equities.
by David Jay
Mon Jun 08, 2015 1:32 am
Forum: Investing - Help with Personal Investments
Topic: 32, Married, New here, Looking for suggestions
Replies: 21
Views: 3153

Re: 32, Married, New here, Looking for suggestions

At your age, any asset allocation between 60:40 and 90:10 is "reasonable", but you have to answer (2) questions: 1. Can you "stay the course" through a market correction of, say, 40%? 2. Can you sleep well at night? More equities means higher long-term return, but a percent or two of return is not w...
by David Jay
Mon Jun 08, 2015 12:56 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 7
Views: 1299

Re: Portfolio Review

Your asset allocation (how much in bonds) in the accumulation phase of our life should be driven by two questions: 1. Can I "stay the course" through a market downturn of, say, 40% 2. Do I sleep well at night If you can do (1) and (2), there is no reason why you can't be virtually entirely in equiti...
by David Jay
Sat Jun 06, 2015 4:23 am
Forum: Investing - Help with Personal Investments
Topic: 21 y/o new to investing; Advice Needed
Replies: 9
Views: 1072

Re: 21 y/o new to investing; Advice Needed

Jeff: At your age, you should be mostly in equities (stocks). I really don't like 40% bonds (recommendation above) at your age. If you are worried about "staying the course", put it all in the Vanguard Target 2065 fund. They will take care of asset allocation (stock/bond, US/foreign) for you and you...
by David Jay
Sat Jun 06, 2015 4:06 am
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible Investing
Replies: 43
Views: 4852

Re: Socially Responsible Investing

What is really "socially responsible"? Can anyone actually do that while functioning "on-the-grid"? Pick any example: Let's just pick Tobacco (not making a moral judgement here, just using it as an illustration). Can you invest in equities at any level and avoid companies who "defile" themselves wit...
by David Jay
Sat Jun 06, 2015 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Frugal Millionaires Article...Sounds Like Bogleheads
Replies: 80
Views: 15500

Re: Frugal Millionaires Article...Sounds Like Bogleheads

joe8d wrote:
and how a working stiff just needs to work, save diligently, and invest wisely to become affluent.
It can happen that way.
That's my story.
by David Jay
Thu May 21, 2015 2:21 pm
Forum: Investing - Theory, News & General
Topic: Buy and Hold works: Stay the Course!
Replies: 1
Views: 686

Re: Buy and Hold works: Stay the Course!

A quote from C. S. Lewis seems appropriate:

“Courage is not simply one of the virtues but the form of every virtue at the testing point, which means at the point of highest reality. ”

stay the course.
by David Jay
Thu May 21, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Age 56, Need Asset Allocation Advice
Replies: 16
Views: 1762

Re: Age 56, Need Asset Allocation Advice

Lost: I am about your age (a couple of years ahead of you). I take a somewhat contrarian view here at BH - during your accumulation phase (working years), I think there are only two determining factors for asset allocation: 1. Can you sleep well at night? 2. Would a 40% market drop cause you to chan...
by David Jay
Wed May 20, 2015 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Just got off phone with my Chase Advisor
Replies: 17
Views: 4329

Re: Just got off phone with my Chase Advisor

I put my daughter (29) in the Target 2050. The Target funds automatically change the allocation to something that is appropriate for your age. Target 2050 holds 90:10 now, it will move the allocation over the years. You can see the fund description here: https://personal.vanguard.com/us/FundsSnapsho...
by David Jay
Wed May 20, 2015 1:36 pm
Forum: Investing - Theory, News & General
Topic: The Benefits of Active Management for Investors
Replies: 17
Views: 2074

Re: The Benefits of Active Management for Investors

I did read the whole thing. There is some gamesmanship by the authors. Let me highlight one: They say that passive funds perform below average compared to active funds over certain historic timeframes - 5 year, 10 year, 15 year, 20 year, etc. They typically show the passive funds in the 40th percent...
by David Jay
Tue May 19, 2015 3:08 pm
Forum: Investing - Theory, News & General
Topic: What's so great about simplicity?
Replies: 118
Views: 14047

Re: What's so great about simplicity?

Nisiprius: Thanks for your measured reply. I am brand new to BH (and even pretty new to the lazy portfolio - in terms of my investing lifetime). I have already come to appreciate the wisdom here. But I have to say that more than a few denizens of BH seem to believe that the lazy portfolio is the onl...