Search found 6182 matches

by mptfan
Mon Nov 23, 2020 2:03 pm
Forum: Personal Consumer Issues
Topic: Long time retirees: any regrets?
Replies: 172
Views: 18441

Re: Long time retirees: any regrets?

I always hated that question. Anybody else hate it? To me it is like asking how much money you have. I am not retired, but one day when I am retired if someone asks "What do you do?" I will answer "portfolio manager." They don't have to know that the only portfolio that I manage...
by mptfan
Fri Nov 20, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: [You are] forced to buy TSLA - and it may cost you 5% of your 401k
Replies: 85
Views: 8048

Re: Your forced to buy TSLA - and it may cost you 5% of your 401k

Tesla is the largest holding in my extended market stock fund in my 401k which I hold in proportion with thr SP500 holding to be equivalent to the total stock market. This is a non issue. +1 and I hold VTSAX in my Roth IRA and taxable account, so all this Tesla being added to the S&P500 is just...
by mptfan
Fri Nov 20, 2020 8:57 am
Forum: Personal Investments
Topic: Edward Jones Fees
Replies: 37
Views: 9389

Re: Edward Jones Fees

niagara_guy wrote: Wed Nov 18, 2020 5:40 pm If they won't do this then maybe it's time to move on.
They will not do this.
by mptfan
Thu Nov 19, 2020 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1281
Views: 169519

Re: How much money do you want to retire?

Mofire wrote: Thu Nov 19, 2020 2:56 pm
mptfan wrote: Thu Nov 19, 2020 2:46 pm Working for money, or volunteer work?
What drives me are philanthropic goals and setting up future generations.
You did not answer.
by mptfan
Thu Nov 19, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 1281
Views: 169519

Re: How much money do you want to retire?

Mofire wrote: Thu Nov 19, 2020 2:36 pm My view on retirement has changed. I'll always be working in some form.
Working for money, or volunteer work?
by mptfan
Tue Nov 17, 2020 12:53 pm
Forum: Personal Consumer Issues
Topic: Long time retirees: any regrets?
Replies: 172
Views: 18441

Re: Long time retirees: any regrets?

Your activities look much more like my work. As a professor, I read papers, write papers, publish papers, and attend conferences and meeting. Some people continue to work and claim to be retired while redefining the word "retired" to mean what they want it to mean. For example, some peopl...
by mptfan
Tue Nov 17, 2020 10:59 am
Forum: Personal Investments
Topic: deleted* [Friend is getting windfall]
Replies: 7
Views: 1027

Re: Friend is getting windfall

Did your friend ask for your advice?
by mptfan
Mon Nov 16, 2020 3:40 pm
Forum: Personal Consumer Issues
Topic: Fraud attempts on two credit cards in three days
Replies: 30
Views: 2664

Re: Fraud attempts on two credit cards in three days

UpperNwGuy wrote: Mon Nov 16, 2020 3:18 pm You can auto pay nearly any recurring bill. The credit card issuers and the merchants love auto pay because it gives them greater assurance that they will be paid on time.
Yes, but in some cases there is a fee associated with setting up auto pay on a credit card.
by mptfan
Mon Nov 16, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: Any chance of V shape recovery?
Replies: 69
Views: 4934

Re: Any chance of V shape recovery?

Vanguard total stock market ETF (VTI)

December 31, 2019: $163.62
November 16, 2020: $185.15

That is a 13% increase since the beginning of the year, I don't understand your question since the market has already "recovered."
by mptfan
Sun Nov 15, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: You’ve won the game, now what? 45-55 how to allocate assets?
Replies: 98
Views: 9219

Re: You’ve won the game, now what? 45-55 how to allocate assets?

Wanderingwheelz wrote: Sun Nov 15, 2020 10:33 am Fewer than 1 in 10 households owned stocks in 1918. A lot has changed in 100+ years so how about we not get too far adrift?
Maybe so, but the canard that 2020 is "unprecedented" is simply not true.
by mptfan
Sun Nov 15, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8905

Re: Microsoft urges users to stop using phone-based multi-factor authentication

It doesn't make a lot of sense for Vanguard to allow the use of Yubikeys as an option. If Yubikeys passed a cost-benefit analysis, they should be required for 100% of users. If they can't pass a cost-benefit analysis, they should be discontinued for everyone. As was said higher in the thread, there...
by mptfan
Sun Nov 15, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8905

Re: Microsoft urges users to stop using phone-based multi-factor authentication

Who doesn't own a personal phone? No one I know doesn't own a personal phone. If someone is too poor to own a personal phone, they're not going to have money to invest at Vanguard. You're coming up with ridiculous scenarios. It's not a ridiculous scenario. First, there is a difference between ownin...
by mptfan
Sun Nov 15, 2020 9:41 am
Forum: Personal Consumer Issues
Topic: Microsoft urges users to stop using phone-based multi-factor authentication
Replies: 83
Views: 8905

Re: Microsoft urges users to stop using phone-based multi-factor authentication

This whole situation seems ridiculous, why all these financial companies that have trillions AUM and have 10-250 thousand employees can not provide support for hardware and software authenticators? If fintech startups and small credit union can offer robust support for 2FA any national bank or inve...
by mptfan
Sun Nov 15, 2020 7:35 am
Forum: Investing - Theory, News & General
Topic: You’ve won the game, now what? 45-55 how to allocate assets?
Replies: 98
Views: 9219

Re: You’ve won the game, now what? 45-55 how to allocate assets?

This year is a perfect example. We had (and are still having) an unprecedented disaster but what has happened to stocks? Up. 2020 is not unprecedented. The 1918 influenza pandemic was the most severe pandemic in recent history. It was caused by an H1N1 virus with genes of avian origin. Although the...
by mptfan
Sat Nov 07, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: 8 Steps to Make Sure You Don't Go Broke in Retirement - Allan Roth
Replies: 85
Views: 10386

Re: 8 Steps to Make Sure You Don't Go Broke in Retirement - Allan Roth

7eight9 wrote: Tue Nov 03, 2020 6:51 pm That isn't retirement. That is working part-time.
I agree. I think it's cheating to refer to working part time as retirement.
by mptfan
Fri Nov 06, 2020 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Helping someone with abysmal credit and finances
Replies: 44
Views: 2835

Re: Helping someone with abysmal credit and finances

Olemiss540 wrote: Thu Nov 05, 2020 8:05 pm Force them to deal with the behavioral aspects by hitting near or at rock bottom and getting motivated to dig themselves out on their OWN.
One cannot force another adult to do anything.
by mptfan
Thu Nov 05, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Best Practices Vanguard Account

palanzo wrote: Thu Nov 05, 2020 4:36 pm Of course the APP is where you use a key.
You do not have to enroll in APP to use a key, any Google account user can use security keys.
by mptfan
Thu Nov 05, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

palanzo wrote: Thu Nov 05, 2020 4:35 pm The issue is not the protocols. The issue is the firmware. Do you know how to check that the firmware is valid?
No, and I don't know how to check the protocols either.
by mptfan
Thu Nov 05, 2020 4:32 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Best Practices Vanguard Account

palanzo wrote: Thu Nov 05, 2020 4:30 pm I would recommend a backup key and disable Google Authenticator, and Backup Codes. You are only increasing the attack vector by doing this.
You can't disable backup codes unless you enroll in the Advanced Protection Program.
by mptfan
Thu Nov 05, 2020 3:19 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

HawkeyePierce wrote: Thu Nov 05, 2020 3:18 pm I was specifically referring to the scenario of ordering a Yubikey from a third-party like Amazon, not ordering a FIDO-compliant key from another manufacturer.
What is wrong with ordering a Yubikey or a FIDO complaint key from Amazon?
by mptfan
Thu Nov 05, 2020 3:15 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

I would also only order Yubikeys from Yubico directly. If you do order from Amazon, use this tool to ensure it's genuine: https://www.yubico.com/genuine/ I disagree with this. A security key does not have to be "genuine" according to Yubico (which is code for made by Yubico), it only has ...
by mptfan
Thu Nov 05, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

Yubico dot com. "Security Key by Yubico," it's blue and it costs $20. There are also a variety avaible on Amazon from various manufacturers, search for "FIDO U2F security key," there is one made by Thetis for $18.99 and one by Feitian for $17.40 and one by Solo for $20 and one by...
by mptfan
Thu Nov 05, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Best Practices Vanguard Account

hudson wrote: Thu Nov 05, 2020 2:37 pm I don't have a backup Yubikey.
Get one. It costs $20.
by mptfan
Thu Nov 05, 2020 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Helping someone with abysmal credit and finances
Replies: 44
Views: 2835

Re: Helping someone with abysmal credit and finances

Outer Marker wrote: Thu Nov 05, 2020 12:27 pm My friend did not ask me to sort out her finances...
Then stay out of it, it's none of your business.
by mptfan
Thu Nov 05, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Helping someone with abysmal credit and finances
Replies: 44
Views: 2835

Re: Helping someone with abysmal credit and finances

Did your friend ask for your help?
by mptfan
Thu Nov 05, 2020 6:26 am
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

One thing I will have to investigate myself is the strict difference between a YubiKey and the Yubi Security Key (the "blue" less expensive version). I have both in the model "4" version and I just got both in the new model "5" version with the NFC...and it's really co...
by mptfan
Wed Nov 04, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

So, you are walking back these absolutes? What we mean is if you use a security key as your second factor, you cannot be successfully phished in a way that results in your account being taken over. That was not meant to be an absolute in the way you are interpreting it, it was meant in the context ...
by mptfan
Wed Nov 04, 2020 3:21 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

But, even so, someone close to you, such as a coworker, relative, computer tech, etc can phish you too. Thinking you are invincible because you use a key is dangerous. It seems you just like to argue, or you just don't get what we are saying... I did not say and I do not think that I am invincible ...
by mptfan
Wed Nov 04, 2020 10:14 am
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

Security keys eliminate phishing attacks aimed at account takeovers, which is what we've been talking about all along. Sites that properly implement security key support—which, to be clear, means WebAuthn/U2F—cannot be phished. A Google account locked down with Yubikeys cannot be phished. We have a...
by mptfan
Tue Nov 03, 2020 7:13 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

So, the risk is not zero with a key. The same with password only. If you are not careful with your password, someone can access your account. Not the fault of the password, that’s your failure. We were talking about phishing. You keep moving the goalposts. Yes, if someone knew your username and pas...
by mptfan
Tue Nov 03, 2020 5:03 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

rkhusky wrote: Tue Nov 03, 2020 5:01 pm And if someone gets your key and finds out your password?
Lol, is that a serious question? Yes, if someone has all of your credentials and your second factor then they can access your account. That's not a failure of the security key, that's your failure to keep your credentials secure.
by mptfan
Tue Nov 03, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

Not at all. You implied using keys reduces the risk to zero. The same employees who refuse to stop clicking unknown email links and browsing risky sites are the same ones that flout other security rules. If security keys are properly implemented then the risk of being phished goes to zero. To be pr...
by mptfan
Tue Nov 03, 2020 2:12 pm
Forum: Investing - Theory, News & General
Topic: Is it good idea to use Ultrashort Bond Funds for Cash ?
Replies: 35
Views: 4594

Re: Is it good idea to use Ultrashort Bond Funds for Cash ?

Primary objective is to not lose principal... Then no, you should not use bond funds for cash because the NAV will fluctuate and you will likely "lose principal" at some point, even if temporarily. With loss of principal being your primary objective, nothing else matters. You can't have y...
by mptfan
Mon Nov 02, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

HawkeyePierce wrote: Mon Nov 02, 2020 3:17 pm It's a very good defense but it is not perfect, there's still room for human error. You can force a password manager to fill credentials anyways. A physical security key simply won't generate the same cryptographic key when presented with a phishing site.
Fair point.
by mptfan
Mon Nov 02, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

HawkeyePierce wrote: Mon Nov 02, 2020 3:07 pm The only full-proof defense against phishing is a Yubikey.
I am all in favor of using security keys but this is not true...using a password manager to autofill your credentials is also a defense against phishing.
by mptfan
Mon Nov 02, 2020 3:08 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

oldfort wrote: Mon Nov 02, 2020 3:00 pm Vanguard manages $6 trillion in assets and you're worried about what happens if Vanguard goes bankrupt? Good grief, some people are worried about the financial equivalent of the zombie apocalypse.
So you're saying you are not prepared for the zombie apocalypse?
by mptfan
Mon Nov 02, 2020 1:12 pm
Forum: Personal Consumer Issues
Topic: What it's like to get locked out of Google indefinitely
Replies: 12
Views: 1217

Re: What it's like to get locked out of Google indefinitely

Then it seems her recovery alternate email was an account at an ISP she no longer had access to. This is a good reminder that everyone who has a Google account should review their account information and make sure all of their contact and recovery information is up to date, especially the recovery ...
by mptfan
Mon Nov 02, 2020 11:37 am
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

Convenience. I am not advocating not using 2FA but answering your question. Yes, I understand that, but what I am really saying is I don't understand why people would use the minor inconvenience of 2FA as a justification for not using it when their money and life savings are at stake . Is it really...
by mptfan
Mon Nov 02, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

michaeljc70 wrote: Mon Nov 02, 2020 11:07 am Convenience. I am not advocating not using 2FA but answering your question.
Yes, I understand that, but what I am really saying is I don't understand why people would use the minor inconvenience of 2FA as a justification for not using it when their money and life savings are at stake.
by mptfan
Sat Oct 31, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Username and password are not required to get access to Vanguard account
Replies: 90
Views: 7648

Re: Username and password are not required to get access to Vanguard account

Many many years ago, my Dad's Schwab account was compromised. E-mail was changed, home address was changed, and a bank account was added. My Dad received e-mails of each change, snail mails, and they locked all $ transfers for 14 days. A call to Schwab got everything returned to original. This is w...
by mptfan
Sat Oct 31, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

Many excessively controlling former spouses had no idea that a divorce was in their future; many excessively controlling people are lied to by their own spouses and by their children (it is simply too hard to argue with excessively controlling people who will only dig in their heels rather than wor...
by mptfan
Sat Oct 31, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

1. Are you working 2. Do you plan on working after married 3. Do you budget. If not do you spend more or less than what you earn. 4. Do you save for retirement. Do you know what a 401k is 5. Do you buy or lease a car 6. How many bags, shoes, clothes, jewerly do you buy a year 7. Where do you genera...
by mptfan
Fri Oct 30, 2020 2:31 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

rkhusky wrote: Fri Oct 30, 2020 1:04 pm I'm not arguing against 2FA, just the paranoia surrounding it, like the idea that not having 2FA is "dangerous".
Who said not having 2FA is dangerous? It's easy to win an argument against a proposition that was not stated.
by mptfan
Fri Oct 30, 2020 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

Megabad: I agree that veto power would be undesirable and there would be significant red flags waving if present. As a retired psychologist, it frequently appeared among problems with couples as something one justified for various, invalid reasons. For example, if one party makes more money, that p...
by mptfan
Fri Oct 30, 2020 12:33 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

2FA is over-rated if you set reasonably complex passwords and practice good computer hygiene. But if you routinely visit sketchy web sites and are sloppy with account maintenance, then it would be useful to set up 2FA. I seriously do not understand why people argue against using 2FA to protect thei...
by mptfan
Thu Oct 29, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

I'm glad you gave your opinion on this as well. I gave some details in my response above, but it sounds like I will need to find a way to touch on these things while maintaining some family privacy. Just to be clear, I would be totally fine sharing these family details with a spouse, but I hesitate...
by mptfan
Thu Oct 29, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Importance of 2 Factor Authentication
Replies: 201
Views: 13770

Re: Importance of 2 Factor Authentication

The gold standard of two step verification is to use a FIDO U2F physical security key, the most common brand is Yubikey. Some account providers support it and some do not, but I highly recommend it. Google supports it, you should use it if you have Gmail.
by mptfan
Thu Oct 29, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

I would say there are a few things that I am not willing to engage in the conversation on prior to engagement/marriage/union if I am honest. But none of these things are general philosophies around finances, just specifics. It makes me wonder how this would come off though. For me it would come off...
by mptfan
Wed Oct 28, 2020 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Questions for A Future Spouse
Replies: 90
Views: 5737

Re: Financial Questions for A Future Spouse

lthenderson wrote: Wed Oct 28, 2020 4:37 pm I'm going to recommend to my children that their prospective spouses should have similar material tastes and spending habits too.
Children love it when their parents tell them who they are allowed to date.
:shock: