Search found 4105 matches

by Levett
Fri Aug 25, 2017 12:40 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3124
Views: 918511

Re: What Movie Have You Recently Watched?

Wind River.

A very well-made, gripping film, about a much neglected area (Native-American reservations) and topic (violence on the reservations).

The cinematography is exceptional, and Jeremy Renner delivers a superbly restrained performance.

This is not family entertainment.

Lev
by Levett
Fri Aug 18, 2017 12:00 pm
Forum: Investing - Theory, News & General
Topic: Irrational Despair?
Replies: 39
Views: 6143

Re: Irrational Despair?

The most serious disorder is obviously bad brea(d)th. ;-)

Lev
by Levett
Sun Aug 13, 2017 10:51 am
Forum: Forum Issues and Administration
Topic: Please consider setting a time limit of 15 minutes to edit a post
Replies: 31
Views: 3269

Re: Please consider setting a time limit of 15 minutes to edit a post

Seems like a proposed "solution" to a non-existent problem.

I appreciate the opportunity to, on further reflection, improve an initial post.

Lev
by Levett
Fri Aug 11, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?
Replies: 35
Views: 4262

Re: Anyone Out There Who Has Failed To Stick To Their Long Term Investing Plan?

It is worth noting, as it has been noted before at this site, that a number (not all) of financial authors have themselves altered their recommendations for investing plans over time. In truth, I don't find this at all surprising as humans have a desire to "improve" most anything as time goes by. Lev
by Levett
Fri Jul 28, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: TSA Pre-check for free
Replies: 75
Views: 6281

Re: TSA Pre-check for free

A few years ago Delta provided my wife and me with TSA Pre. It was just suddenly there on our tickets. We are members of SkyMiles and do have Delta Amex cards. Around 2 years ago, we did pay for Global Entry (before Chase Sapphire Reserve offered it as part of a package :annoyed ), and now we are re...
by Levett
Tue Jul 25, 2017 1:11 pm
Forum: Investing - Theory, News & General
Topic: Changes in your risk profile
Replies: 13
Views: 907

Re: Changes in your risk profile

Longdog asks: "If your "need" to take risk has decreased because of the recent strong market performance, and you act on that need by reducing the amount of "new" money being put into the market, would that be considered market timing? " Uh, why would an adult, capable of looking after him/herself, ...
by Levett
Sun Jul 23, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Can real estate investing (actual properties) be relatively "hands off"?
Replies: 50
Views: 6227

Re: Can real estate investing (actual properties) be relatively "hands off"?

TIAA's eligibility rules are somewhat more expansive than commonly thought. Note IRA eligibility, in particular.

https://www.tiaa.org/public/pdf/advisor ... -guide.pdf

Lev
by Levett
Thu Jul 20, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: new Bogle written interview on marketwatch.com today 7/20/17
Replies: 17
Views: 1945

Re: new Bogle written interview on marketwatch.com today 7/20/17

:thumbsup I am delighted to read that JB has expanded and updated The Little Book of Common Sense Investing.

Lev
by Levett
Wed Jul 19, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 13519

Re: Books not to read.

It has been my experience as a lifelong reader that you just can't love (or like) every book you read--in many cases because we all have our own tastes and limitations. But it doesn't follow from the premise that you can't love (or like) all books that you are obliged to tell folks not to read them....
by Levett
Thu Jul 13, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2929

Re: Burton Malkiel's Not so random walk

According to the following Bloomberg article, Malkiel spent 27 years on the Vanguard Board:

https://tinyurl.com/y94mzdtx

Lev
by Levett
Wed Jul 12, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: Burton Malkiel's Not so random walk
Replies: 17
Views: 2929

Re: Burton Malkiel's Not so random walk

"Just because he wrote a good book doesn't it doesn't mean he is more ethical than average."

That should be embossed in gold (or platinum).

Naivete can ruin more than your day.

Lev
by Levett
Wed Jul 12, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Is booking travel via Chase Travel Portal cheaper?
Replies: 15
Views: 1875

Re: Is booking travel via Chase Travel Portal cheaper?

Since the question is about "cheaper," my experience has been "yes" sometimes and "no" sometimes. Use other aggregating sites and then compare with UR. In terms of "issues" with reservations made on UR, I have had none (this includes cars, hotels, airline tickets). I rank Chase very high for custome...
by Levett
Mon Jul 10, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Self insuring LTC
Replies: 15
Views: 1548

Re: Self insuring LTC

There is no such thing as "self insuring" (where's the pooling?). You are self funding.

Lev
by Levett
Sun Jul 09, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4698

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

Excellent link to "Annuitization Puzzles," House Blend.

Thanks.

Lev
by Levett
Sat Jul 08, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4698

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

Medicare provides a limited long term care benefit--e.g., "Medicare Part A covers up to 100 days of "skilled nursing" care per spell of illness. However, the conditions for obtaining Medicare coverage of a nursing home stay are quite stringent." I believe onthecusp has confused Medicare and Medicaid...
by Levett
Sat Jul 08, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4698

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

The "puzzle" seems primarily psychological, or if you prefer "behavioral."

Repeated studies have shown that partial annuitants (that's the topic) are among the most satisfied retirees.

Whatever works!

Lev
by Levett
Sat Jul 08, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: VTMFX - Vanguard Tax Managed Balanced
Replies: 10
Views: 1937

Re: VTMFX - Vanguard Tax Managed Balanced

Yes. I own it in taxable and have done so for quite a while.

And my "confirmation bias" is so powerful that I keep a monthly automatic investment going into the account for my beneficiaries. :wink:

Lev
by Levett
Sat Jul 08, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone use ANNUITIES for SOME of their retirement funds?
Replies: 61
Views: 4698

Re: Does anyone use ANNUITIES for SOME of their retirement funds?

SPIA? Yes.
SS? Yes.
RMD? Yes
Unannuitized accounts? Yes.
Pension? No.
Regrets? None.

Lev
by Levett
Fri Jul 07, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Any widower with young kids thinking about retirement?
Replies: 17
Views: 2107

Re: Any widower with young kids thinking about retirement?

Broku, In 1981 I became a widower at age 39 with three young children. Please don't leave your job, but if your employer will provide you with a several months leave (as mine did) that would be helpful. It would also be helpful if you have your parents/grandparents nearby. Under the circumstances, y...
by Levett
Wed Jul 05, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: update on early retirement plans
Replies: 9
Views: 1024

Re: update on early retirement plans

fingineer,

Congratulations and enjoy the rest of your life with your wife and child and extended family. What could be better!

Lev
by Levett
Fri Jun 30, 2017 7:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 159
Views: 22852

Re: Vanguard upgraded my accounts - angry

" Not really a fan of what Vanguard is doing here."

Nor am I.

Just say, "No."

Sure, VG will ultimately prevail, but it's in their best interest, not mine.

Lev
by Levett
Tue Jun 27, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tipping floor subcontractors?
Replies: 12
Views: 986

Re: Tipping floor subcontractors?

It's not a "should" case, no matter what the subcontractors are being paid.

If you feel like tipping because you liked their work, then do what you feel like doing.

Lev
by Levett
Mon Jun 26, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Travel to Ireland and, hopefully, to Cambridge, England
Replies: 15
Views: 1227

Re: Travel to Ireland and, hopefully, to Cambridge, England

It's a fast train from King's, Bob, and you will enjoy Cambridge. It's a magnificent university town, and if there are any concerts (instrumental or vocal) while you are there, go!

And do have coffee or tea and a pastry at Fitzbillies unless you are on a restricted diet. :D

Lev
by Levett
Thu Jun 22, 2017 6:19 pm
Forum: Investing - Theory, News & General
Topic: [NY Times: Index fund evangelist is straying From His Gospel]
Replies: 32
Views: 4079

Re: Burton Malkiel the passive gospel?

"Evangelist." "conversion."

Holy cow.

The Second Coming, is it?

Lev
by Levett
Tue Jun 20, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly Grandma with investing 270k - VTINX?
Replies: 26
Views: 1820

Re: Helping elderly Grandma with investing 270k - VTINX?

I have seen Alzheimers at work on the elderly in otherwise good health (especially women who tend to outlive men). Christine has given you excellent advice: " Ah, Alzheimers. My sympathies. Definitely lots of cash (more than 15k -- her care expense will only go up) and maybe $150k CDs. Plan for Medi...
by Levett
Mon Jun 19, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Avoid taking Dividends?
Replies: 21
Views: 2744

Re: Avoid taking Dividends?

Thanks, 2015, for the Munger comments--really, really good stuff. :happy

Lev
by Levett
Fri Jun 16, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 14
Views: 1362

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

"Let's say you liked the idea of this balanced fund, but wanted a 65/35 or 70/30 split."

But that's not what you originally said. :wink:

Lev
by Levett
Fri Jun 16, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?
Replies: 14
Views: 1362

Re: How to approximate Vanguard Balanced Index Fund Admiral Shares (VBIAX) with two other Vanguard funds?

Gary,

If you are attracted to VBIAX, why would you want to approximate it?

Why not buy it?

(Perhaps I have missed something.)

Lev
by Levett
Wed Jun 14, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree needs help
Replies: 5
Views: 934

Re: Retiree needs help

You might be a candidate for Vanguard Personal Advisory Services, mainly to protect your younger spouse.

Lev
by Levett
Wed Jun 14, 2017 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bought $31K Stocks Today: Am I Mad?
Replies: 32
Views: 4165

Re: Bought $31K Stocks Today: Am I Mad?

If your perspective is longer than a day or a month or even a year, you are sane.

Lev
by Levett
Wed Jun 14, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 8473

Re: Is Inflation Dying of Old Age?

Today's bond market response to a Fed hike (so far).

U.S. 10 Year 21/32 2.138
U.S. 30 Year 1 24/32 2.780

What inflation? ;-)

Lev
by Levett
Mon Jun 12, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1935

Re: Vanguard believes in active managment

FYI, There is a link to a VG research paper (dated October 2015) attached to the link of the graphic that was posted. I'm not sure what the phrase "beat the market" encompasses, but the active funds, like the index funds, have their performance measured against relevant (in Vanguard's eyes) benchmar...
by Levett
Mon Jun 12, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard believes in active managment
Replies: 19
Views: 1935

Re: Vanguard believes in active managment

One third of global AUM is in so-called "active." Vanguard does many things well (including keeping costs down in "active").
BH, as we know, is a discussion group.
VG is a company.
Big difference IMHO.

Lev
by Levett
Sat Jun 10, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: Is Inflation Dying of Old Age?
Replies: 82
Views: 8473

Re: Is Inflation Dying of Old Age?

I appreciate the post, Todd. It's a subject I have thought about, but not at your level of sophistication.

Thanks.

Lev
by Levett
Sat Jun 03, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 3455

Re: Boglehead approved actively managed funds!

Dunno about Bogleheads, but here's Vanguard's list of "select funds."

https://investor.vanguard.com/mutual-fu ... nd-returns

Lev
by Levett
Fri Jun 02, 2017 6:29 pm
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 56
Views: 9478

Re: Murphy's Law Of Retirement

"It's only when markets enter a swift or sustained downturn that one comes to realization what goes up, can come down."

Man. Ain't that the truth!

Lev
by Levett
Thu Jun 01, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3622

Re: Future Retirement Plan

KL, I was referring to the general rise of healthcare c os ts over my nearly 17 years of retirement. I have been into regular exercise (as well as competitive sports in younger years) since grade 4. This is surely helpful, but as I say to my internist: " Maybe I'll be the most fit corpse at the med ...
by Levett
Wed May 31, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3622

Re: Future Retirement Plan

KF,

Sure hope that's a good number!

I retired at 58, nearly 17 years ago, but man oh man have healthcare costs climbed.

All the best.

Lev
by Levett
Wed May 31, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Future Retirement Plan
Replies: 46
Views: 3622

Re: Future Retirement Plan

The observation has been made: " you might have to add healthcare expenses to your 'number' (if you haven't already) to get a true picture of your yearly expenses." Absolutely! If you intend to retire at age 57, you had better factor in (rising) healthcare costs between age 57 and 65 (Medicare eligi...
by Levett
Sat May 27, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 2550

Re: Third-party travel insurance, anyone?

The OP asked a very specific question: " Has anyone paid for or benefited from third-part travel insurance? " Some of us provided direct answers. Others saw fit to provide unsolicited lectures. Lev P.S. Trip cancellation insurance is part of the package called travel insurance. For us U. S. citizen ...
by Levett
Sat May 27, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 2550

Re: Third-party travel insurance, anyone?

With respect to Chase Sapphire Reserve, note that its trip cancellation insurance does not cover pre-existing conditions.

Other providers, such as AIG, will cover pre-existing conditions if the insurance is purchased within a defined narrow time frame.

Lev
by Levett
Sat May 27, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Third-party travel insurance, anyone?
Replies: 34
Views: 2550

Re: Third-party travel insurance, anyone?

Yes. And just recently with AIG.

We had a scheduled overseas trip next month, but my wife suddenly required surgery, and the doc declared any travel as "medically inadvisable."

AIG has been extremely responsive and prompt, and the claim has been settled for the entire cost.

Lev
by Levett
Fri May 26, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Financial Advice for a Widow
Replies: 21
Views: 2810

Re: Seeking Financial Advice for a Widow

" I wouldn't be so fast to pay off the mortgage. She may need the liquidity to make her move." I agree. There's not much liquidity there. And I sure wouldn't put her money into an SPIA (completely locked up), or a Managed Payout Fund, or with Betterment. In fact I think her FA has given her prudent ...
by Levett
Wed May 24, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Lufthansa Premium Economy
Replies: 40
Views: 5757

Re: Lufthansa Premium Economy

This gentleman describes our experience with Lufthansa premium economy on the A-380.

http://flightsandfrustration.com/luftha ... my-review/

We would certainly do it again.

Lev
by Levett
Tue May 23, 2017 11:02 am
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 92
Views: 12875

Re: Zacks says sell Wellesley!?

Kinda surprising--click bait or not--that Wellesley's benchmarks have been overlooked. Benchmarks seem a basis for rational discussion. ;-) So, without further ado, here's Vanguard: * *Weighted 65% bonds and 35% stocks. For bonds: Lehman U.S. Long Credit AA or Better Bond Index through March 31, 200...
by Levett
Tue May 23, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Zacks says sell Wellesley!?
Replies: 92
Views: 12875

Re: Zacks says sell Wellesley!?

I was unaware that Wellesley, to use a Dan Weiner term, was ever viewed as a "hot hand" fund.

Rumors of Wellesley's demise have been greatly exaggerated.

With $51.7 billion in assets, it appears its investors have stayed the course.

Lev
by Levett
Mon May 22, 2017 9:50 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 2526

Re: Need advice from FF miles experts

If you can find relatively inexpensive fares for shorter haul flights, I agree that hoarding for overseas flights that you intend to take makes a lot of sense.

Lev
by Levett
Sun May 21, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3124
Views: 918511

Re: What Movie Have You Recently Watched?

HBO movie--"The Wizard of Lies" (Bernie Madoff). Instructive. Fine work by De Niro.

Lev
by Levett
Fri May 19, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Why save so much for when you're old?
Replies: 163
Views: 21110

Re: Why save so much for when you're old?

PJW nailed it!

"I am grateful to my younger self for making a set of financial decisions that have rendered my life easier, although not more luxurious, today. It's almost like receiving an inheritance, but nobody had to die in order for it to happen."

God bless. :D

Lev