Search found 9328 matches

by David Jay
Fri Jul 24, 2015 3:27 pm
Forum: Personal Investments
Topic: Setting up new portfolio
Replies: 17
Views: 1573

Re: Setting up new portfolio

Actually, the (relatively) poor performance of the international markets over the past few years is a reason to include your international allocation. US stocks are "pricey" and European stocks are "cheap".
by David Jay
Fri Jul 24, 2015 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 81
Views: 14111

Re: Bogle backfire?

Everyone is always so quick to compare any type of money outlay into an asset other than index/bond funds as gambling/lotto. I dunno to me companies are different. A big difference in a company that has years of profits vs. years of debt binging. I think most bogleheads would do well to outlay a po...
by David Jay
Fri Jul 24, 2015 12:34 pm
Forum: Non-US Investing
Topic: Blue chip or index Funds? Well, would ya Punk?
Replies: 20
Views: 3250

Re: Blue chip or index Funds? Well, would ya Punk?

I don't see where you have posted your age (other than not being able to access some funds until 55+). I want to address the bond allocation issue: If you are more than 15 years from retirement, there are really only two questions for bond allocation: 1. Can I sleep well at night? 2. Will I stay the...
by David Jay
Fri Jul 17, 2015 7:53 pm
Forum: Personal Investments
Topic: Comparing Risk/Performance of Multiple Investment Accounts
Replies: 11
Views: 1015

Re: Comparing Risk/Performance of Multiple Investment Accounts

Geez, Livesoft, I'm working part time now, and this looks like a full time job + overtime....I read your proposal over three times, please, no doctorate work...The idea is to retire, after all... Ahhh, grasshopper. The light is beginning to dawn. There are several very bright guys here (not me!), b...
by David Jay
Fri Jul 17, 2015 6:29 pm
Forum: Personal Investments
Topic: Advising father in law on investing
Replies: 7
Views: 1231

Re: Advising father in law on investing

One fund: Vanguard Lifestrategy conservative or moderate
by David Jay
Fri Jul 17, 2015 10:27 am
Forum: Investing - Theory, News & General
Topic: Emergency boglehead evangelist kit?
Replies: 19
Views: 2666

Re: Emergency boglehead evangelist kit?

I was being a bit cute with the first post, but this specific page covers just about everything:

https://www.bogleheads.org/wiki/Boglehe ... philosophy
by David Jay
Fri Jul 17, 2015 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth While Working to Save on Taxes
Replies: 15
Views: 2041

Re: Convert IRA to Roth While Working to Save on Taxes

I'm with Cheese in a bit lower bracket - I looked at my RMDs and saw that I would bump out of the 15% bracket. So starting this year I'm filling my 15% bracket with an appropriately sized tIRA to ROTH conversion. If I do this through age 69 all my SS+RMD after age 70 should be less than 15%.
by David Jay
Thu Jul 16, 2015 3:43 pm
Forum: Personal Investments
Topic: Comparing Risk/Performance of Multiple Investment Accounts
Replies: 11
Views: 1015

Re: Comparing Risk/Performance of Multiple Investment Accounts

In particular, I find standard deviation to be a terrible gauge of risk. An investment that consistently goes down 2% a year has less volatility than an investment that goes up 10% one year and down 5% the next. But the "risk" that you will lose money with the first investment is guaranteed.
by David Jay
Thu Jul 16, 2015 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score Question - Credit Cards
Replies: 37
Views: 5242

Re: Credit Score Question - Credit Cards

Another reason to have more than one credit card is that there is always the risk that something might cause the card to be rejected. I think having another card from a different issuer would (or might) lower the risk that both cards have a problem. I just had this occur on a recent trip. Unauthori...
by David Jay
Thu Jul 16, 2015 10:18 am
Forum: Personal Investments
Topic: All Eggs in One Basket?
Replies: 20
Views: 3194

Re: All Eggs in One Basket?

you do realize at any given moment there are probably 1000's of skilled computer hackers around the world working to break into Vanguard? i'm more worried about this than Vanguard "going under", in a traditional sense. I still have a few years of "accumulation" left to go, but I have started to thi...
by David Jay
Thu Jul 16, 2015 9:32 am
Forum: Personal Investments
Topic: Comparing Risk/Performance of Multiple Investment Accounts
Replies: 11
Views: 1015

Re: Comparing Risk/Performance of Multiple Investment Accounts

I'm not sure you will be able to find a single measure that encompasses the total risk of a portfolio. Sharpe ratio is a simple measure and fails to account for a number of risk factors. The challenge of risk definition and weighting of risk factors is probably the reason why it is not discussed muc...
by David Jay
Wed Jul 15, 2015 10:58 am
Forum: Investing - Theory, News & General
Topic: Why Rational People are Risk Averse
Replies: 33
Views: 5379

Re: Why Rational People are Risk Averse

I don't know any rational people, but if I ever meet any I'll ask them what they think of the idea :) This. Risk aversion is essentially driven by fear, an emotion. So the premise is rational people act irrationally, meaning they are not strictly rational. Risk in context is the possibility of suff...
by David Jay
Tue Jul 14, 2015 10:27 am
Forum: Personal Consumer Issues
Topic: Need 'secure' flash drive(s)
Replies: 15
Views: 1908

Re: Need 'secure' flash drive(s)

The lack of replies may be because your requirements are not clear. What do you mean by "protected". Are you concerned that the media will be unreadable if it is stolen or misplaced? Is this a transport issue (i.e. sending it by courier)? Encryption is available for any media, including your interna...
by David Jay
Fri Jul 10, 2015 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Lake Michigan Credit Union
Replies: 60
Views: 21610

Re: Lake Michigan Credit Union

Do we need to start a WM Bogleheads chapter?
by David Jay
Fri Jul 10, 2015 3:53 am
Forum: Investing - Theory, News & General
Topic: John Bogle vs. the Bogleheads
Replies: 49
Views: 5744

Re: John Bogle vs. the Bogleheads

This isn't a forum of little robots. You read the posts of different participants and the teachings of Jack Bogle, make your judgments, then your decisions. I slice and dice. I follow Jack as regards index funds, as regards low costs, but not so much with simplicity part. Instead of an hour a year ...
by David Jay
Mon Jul 06, 2015 10:38 pm
Forum: Personal Investments
Topic: Asset Allocation Question
Replies: 10
Views: 1561

Re: Asset Allocation Question

There are really only 2 questions for asset allocation: 1. Do I sleep well at night? 2. Will I "stay the course" in a market downturn? I was 100% stocks into my mid-50s. But I sleep well and I rode out the dot com bubble, 9/11 and 2008/2009 with no portfolio changes. If you are comfortable where you...
by David Jay
Mon Jul 06, 2015 7:16 pm
Forum: Investing - Theory, News & General
Topic: "Is a global portfolio riskier?"
Replies: 5
Views: 1309

Re: "Is a global portfolio riskier?"

One of the difficulties in the whole discussion is: what is risk? Is the risk that your value will go down temporarily (volatility)? Is the risk that you will lose your investment? Is the risk that you will not be able to retire at the time or in the manner you want? Is the risk that your asset valu...
by David Jay
Mon Jul 06, 2015 2:43 am
Forum: Investing - Theory, News & General
Topic: Chinese Move to Stabilize Stock Market
Replies: 41
Views: 7826

Re: Chinese Move to Stabilize Stock Market

Up about 2.2% at 3:45AM (Eastern), 3:45 here in China.

Your trivia for the day - all of China is on one time zone. Sun comes up really late in the Northwest provinces during the winter months.
by David Jay
Sun Jul 05, 2015 11:39 pm
Forum: Investing - Theory, News & General
Topic: How many Bogleheads tilt Value?
Replies: 49
Views: 8262

Re: How many Bogleheads tilt Value?

I my portfilio started out with Bill Schultheis "Coffeehouse" portfolio, which has both a Large Cap and a Small Cap value tilt. I have made a couple of personal adjustments, but it retains the value tilt.

https://www.bogleheads.org/wiki/Lazy_portfolios
by David Jay
Sun Jul 05, 2015 8:47 pm
Forum: Personal Investments
Topic: Investing lump sum
Replies: 25
Views: 3199

Re: Investing lump sum

Crimsontide wrote:You might ignore Grease, but not Greece, that's a whole different issue...
I always found it hard to ignore O.N.J. :happy
by David Jay
Sun Jul 05, 2015 8:14 pm
Forum: Personal Investments
Topic: Re: Advice on Whole Life Insurance as part of retirement portfolio
Replies: 44
Views: 13248

Re: Advice on Whole Life Insurance as part of retirement portfolio

Chris: These are your finances and you are free to do what you want to do. You have been warned (did you see the comments that over 80% of whole life policies lapse? Why do you think that is?), but you must make your own decisions. If you want to discuss further, I recommend starting your own thread...
by David Jay
Sun Jul 05, 2015 7:28 am
Forum: Personal Investments
Topic: Investing lump sum
Replies: 25
Views: 3199

Re: Investing lump sum

I would get at least 1/3 into the market immediately. I think Greece is priced into the market.

If you want to do it in thirds, do the next amount in 3 months or so.
by David Jay
Sun Jul 05, 2015 5:04 am
Forum: Personal Investments
Topic: Employer Now Offering Stock
Replies: 7
Views: 1421

Re: Employer Now Offering Stock

I would be very wary of investing in the stock of a private company unless the investment was subject to federal regulations (such as an ESOP). Unlike publicly listed companies, in privately held companies the majority stockholder(s) can virtually do whatever they want. And to whom do you sell your ...
by David Jay
Sun Jul 05, 2015 4:00 am
Forum: Personal Finance (Not Investing)
Topic: Borrowing money from my 401k
Replies: 26
Views: 9201

Re: Borrowing money from my 401k

You should only borrow from a 401k in an emergency, and if you are able to put 1000 towards debt you are doing well. I would consider selling the car and getting a beater before taking out a 401k loan. Mike Many 401K plans have a loan feature. You can borrow from the administering financial institu...
by David Jay
Sat Jul 04, 2015 6:37 am
Forum: Personal Investments
Topic: Leaving Financial Advisor & Starting My Own Investment Planning
Replies: 6
Views: 3193

Re: Leaving Financial Advisor & Starting My Own Investment Planning

Some people around here are probably tired of my endless repetition, but here are the two issues that need to be answered with regard to asset allocation: 1. Can you sleep at night? If you are prone to worry then you need to decrease your stock allocation. Peace of mind is a very valuable commodity....
by David Jay
Sat Jul 04, 2015 6:19 am
Forum: Personal Investments
Topic: Leaving Financial Advisor & Starting My Own Investment Planning
Replies: 6
Views: 3193

Re: Leaving Financial Advisor & Starting My Own Investment Planning

1. Yes. I hold both ETFs and Mutual Funds in the same IRA. 2. REITs and bonds move in different directions at various times in the business cycle and in response to interest rate changes. They are both useful but they are not interchangable. 3. I would avoid dividend-paying stocks in a taxable accou...
by David Jay
Sat Jul 04, 2015 2:02 am
Forum: Personal Investments
Topic: Million Dollar Question
Replies: 17
Views: 3732

Re: Million Dollar Question

It looks like you are suffering from the "paralysis of analysis". A year and a half in cash reserves?

You really need to put your money to work. If you don't want to take any risk, then start a CD ladder or something.
by David Jay
Sat Jul 04, 2015 1:54 am
Forum: Personal Finance (Not Investing)
Topic: 2 million dollar mistake meeting with MIL's financial guy
Replies: 47
Views: 16560

Re: 2 million dollar mistake meeting with MIL's financial guy

Rallycobra says the MIL has physicals and blood drawn. I do also once a year, but I don't see what this has to do with investing and money management. I believe that the MIL had third parties come by to draw blood, not that she was having regular physicals. This is typically done before a new insur...
by David Jay
Fri Jul 03, 2015 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: financial adviser told me not to invest too much in 401k
Replies: 92
Views: 21919

Re: financial adviser told me not to invest too much in 401k

In fact, I cannot envision a reason to leave a (fully vested) 401K with a previous employer. What interest or incentive do they have in my financial situation. I would immediately roll it over to a tIRA, regardless. Better options. If you leave the US government, you may want to keep your TSP intac...
by David Jay
Fri Jul 03, 2015 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: financial adviser told me not to invest too much in 401k
Replies: 92
Views: 21919

Re: financial adviser told me not to invest too much in 401k

From nolo... http://www.nolo.com/legal-encyclopedia/question-if-i-retire-after-55-28075.html Very interesting. Thanks for the link. I particularly find it interesting because I don't recall anyone EVER saying they couldn't tap the 401k until 62 or 65. Perhaps most people roll their 401k plan out to...
by David Jay
Fri Jul 03, 2015 7:06 am
Forum: Investing - Theory, News & General
Topic: Rollover 401K to TIRA
Replies: 6
Views: 1312

Re: Rollover 401K to TIRA

I will be 59 1/2 shortly and my plan allows an "in-service" distribution, so it is rolling over to my tIRA as soon as I am eligible.
by David Jay
Fri Jul 03, 2015 7:04 am
Forum: Investing - Theory, News & General
Topic: Rollover 401K to TIRA
Replies: 6
Views: 1312

Re: Rollover 401K to TIRA

Honestly, I have never understood leaving a 401k with a former employer. They have no stake in you or your finances.
by David Jay
Fri Jul 03, 2015 3:19 am
Forum: Personal Investments
Topic: Housing Market in Southern California
Replies: 32
Views: 6595

Re: Housing Market in Southern California

I suppose this isn't the best time to volunteer the cost of my 2500 sq.ft. home on an acre-and-a-half suburban lot?

:wink:
by David Jay
Fri Jul 03, 2015 2:37 am
Forum: Personal Investments
Topic: Want to buy stock - Not sure where to start
Replies: 16
Views: 2728

Re: Want to buy stock - Not sure where to start

Plutoh wrote: I understand the graphs.
Does this mean you understand "technical market analysis"?

If so, can you please explain it to me?
by David Jay
Thu Jul 02, 2015 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Lake Michigan Credit Union
Replies: 60
Views: 21610

Re: Lake Michigan Credit Union

Yea, LMCU started out in GR, has gotten a lot bigger over the past 25 years.
by David Jay
Thu Jul 02, 2015 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: financial adviser told me not to invest too much in 401k
Replies: 92
Views: 21919

Re: financial adviser told me not to invest too much in 401k

MN Finance wrote:Good God. How about a little balance to the replies. I'm all for bashing a bad advisor, but nobody here knows if they're bad or not.
Mass Mutual. 'nuff said
by David Jay
Thu Jul 02, 2015 11:23 pm
Forum: Personal Investments
Topic: Vested vs. Non-Vested Portions of Old 401k
Replies: 2
Views: 700

Re: Vested vs. Non-Vested Portions of Old 401k

My guess is that they only show the non-vested because if you return to the company within a certain time (7 years??) you can re-enter the company vesting process. If you have no intent to return to the firm, there is no reason to keep the 401K. Roll the vested portion (the only part you actually ow...
by David Jay
Thu Jul 02, 2015 11:19 pm
Forum: Investing - Theory, News & General
Topic: Simba's backtesting spreadsheet [a Bogleheads community project]
Replies: 1196
Views: 722366

Re: Backtesting Google Spreadsheet

Sure. I can always use another spreadsheet :wink:
by David Jay
Thu Jul 02, 2015 11:03 pm
Forum: Personal Investments
Topic: Want to buy stock - Not sure where to start
Replies: 16
Views: 2728

Re: Want to buy stock - Not sure where to start

The Motley Fool can give you account minimums and brokerage commissions for many of the low cost brokers. There you go - Capital One and Merrill Edge both offer accounts with no minimum and 6.95 trades. Sounds like your kind of places, Pluto... (if you want to trade on Margin, :shock: it looks like...
by David Jay
Thu Jul 02, 2015 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Lake Michigan Credit Union
Replies: 60
Views: 21610

Re: Lake Michigan Credit Union

The Advance? Ionia Sentinel? Portland Review and Observer?

:happy
by David Jay
Thu Jul 02, 2015 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lake Michigan Credit Union
Replies: 60
Views: 21610

Re: Lake Michigan Credit Union

Been with them since they were "Grand Rapids Teachers Credit Union" (my sister was a school teacher, back then you needed to qualify for credit union membership).

Two Mortgages, a couple of loans. All my checking and cash savings for over 20 years.
by David Jay
Thu Jul 02, 2015 10:39 pm
Forum: Personal Investments
Topic: Want to buy stock - Not sure where to start
Replies: 16
Views: 2728

Re: Want to buy stock - Not sure where to start

I don't want a broker who requires a minimum deposit. I'm not sure what you mean. You will need enough money in the account to pay for the purchase. Are you planning to make purchases for less than the minimums at the large discount brokerage firms? You need to be careful with transaction costs. If...
by David Jay
Thu Jul 02, 2015 10:30 pm
Forum: Personal Investments
Topic: Want to buy stock - Not sure where to start
Replies: 16
Views: 2728

Re: Want to buy stock - Not sure where to start

Most discount brokerages will charge between $7 and $10 per trade. For instance, my TDAmeritrade account is $9.95 per trade.
by David Jay
Thu Jul 02, 2015 9:53 pm
Forum: Personal Investments
Topic: Which Funds to Take RMD From
Replies: 34
Views: 6491

Re: Which Funds to Take RMD From

I'd take if from Domestic Stock this year (and I would take it out right away, you don't know what the market will do in the future). Your bond % may be a bit low for your stage of life, I would continue to take from stock for a few years to decrease the relative % of stocks in your portfolio. Or yo...
by David Jay
Thu Jul 02, 2015 8:45 pm
Forum: Personal Consumer Issues
Topic: Banff Canada Vacation Tips
Replies: 18
Views: 4683

Re: Banff Canada Vacation Tips

Over the course of the week we could watch the color line (aspens, mostly) move down the hillside across from Baker Creek. Started at about 10,000 ft, was down to about 7,000 ft by the end of the week. Fall comes quickly in the mountains.
by David Jay
Thu Jul 02, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Banff Canada Vacation Tips
Replies: 18
Views: 4683

Re: Banff Canada Vacation Tips

Mid -September is great. We were there for our 20th anniversary. Stayed at Baker Creek Cabins - they have cabins and a motel, we were in a motel room. Nice and cozy. Rustic feel but with all the conveniences. Banff - you can climb the hill opposing the grand hotel. Lake Louise - hike to the tea hous...
by David Jay
Thu Jul 02, 2015 7:58 pm
Forum: Investing - Theory, News & General
Topic: How did you start?
Replies: 35
Views: 5735

Re: How did you start?

Step 1 - do the reading everyone else is suggesting. Step 2 - if your company has a match in the 401K, always contribute to the match level. Step 3 - move $5500 every year from that savings to a ROTH retirement account. Step 4 - add as much as you can to your 401K above the match and the ROTH. Rinse...
by David Jay
Thu Jul 02, 2015 2:52 am
Forum: Personal Finance (Not Investing)
Topic: Sychrony Bank - warning
Replies: 29
Views: 24431

Re: Sychrony Bank - warning

nisiprius wrote:I see that 2009 some carping malcontent was ranting irritably in this forum about Vanguard's website not working with Safari... and objecting to suggestions that he just use Firefox and live happily ever after!
Kids! Can't take 'em anywhere...
by David Jay
Thu Jul 02, 2015 2:37 am
Forum: Personal Investments
Topic: Is a large emergency fund needed after 59 1/2
Replies: 25
Views: 7071

Re: Is a large emergency fund needed after 59 1/2

I'm thinking about a "bucket" approach with a year's expenses in cash, even inside the retirement accounts.

I should be 100% ROTH and tIRA until 70 1/2, when I have to start RMDs and I will acquire some taxable assets.