Search found 241 matches

by BabaWawa
Wed Apr 28, 2021 11:18 am
Forum: Personal Investments
Topic: Comments Please on Cardiff Park Advisors
Replies: 13
Views: 1034

Re: Comments Please on Cardiff Park Advisors

+1 to Baba Wawa's post above. Boomer543, I don't see why you need an advisor at all. Put assets into funds like target date funds, or lifestrategy funds or stock/bond balanced funds and you won't have to do anything. Maybe shoot for an asset allocation of about 40% stock, which is enough to cover n...
by BabaWawa
Wed Apr 28, 2021 11:08 am
Forum: Personal Investments
Topic: Wish I could quit Vanguard for poor customer service
Replies: 151
Views: 13057

Re: Wish I could quit Vanguard for poor customer service

Umm... So why can't you quit Vanguard? I initially opened our Backdoor Roth accounts there, added a few other accounts. I didn't find anything particularly wrong with them... But I consolidating everything to Fidelity. You will be very satisfied with Fidelity, especially if there is a local office ...
by BabaWawa
Tue Apr 27, 2021 8:42 pm
Forum: Personal Investments
Topic: Comments Please on Cardiff Park Advisors
Replies: 13
Views: 1034

Re: Comments Please on Cardiff Park Advisors

I was with Cardiff Park years ago. John was a very inexpensive way to get access to DFA funds which I wanted at the time. After learning about Bogleheads, I felt comfortable doing it myself using lower cost index funds, of course with a SCV tilt. Sounds like your investments will go mostly untouched...
by BabaWawa
Sun Apr 25, 2021 7:48 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle - Two Fund Portfolio
Replies: 1587
Views: 165615

Every Portfolio Should Include Internationals!!!

I've held the same allocation to Internationals for over 35 years. It's worked out well through rebalancing when called for. I believe Rick Ferri says the main driver of portfolio performance and risk management starts with your equity/fixed income decision. How you dice it up after that is icing on...
by BabaWawa
Sun Apr 25, 2021 3:11 pm
Forum: Personal Investments
Topic: Personal Finance Advisor - how to find
Replies: 19
Views: 2064

Re: Personal Finance Advisor - how to find

Rick Ferri is good, but I don't think he's taking on new clients right now. Here's some help on finding an advisor https://investingroadmap.wordpress.com/2011/02/22/chapter-10-on-your-own-or-hire-an-advisor/ Garrett Financial Network https://www.garrettplanningnetwork.com/ A review and recommendati...
by BabaWawa
Sun Apr 25, 2021 2:00 pm
Forum: Personal Investments
Topic: Personal Finance Advisor - how to find
Replies: 19
Views: 2064

Re: Personal Finance Advisor - how to find

Rick Ferri is good, but I don't think he's taking on new clients right now. Here's some help on finding an advisor https://investingroadmap.wordpress.com/2011/02/22/chapter-10-on-your-own-or-hire-an-advisor/ Garrett Financial Network https://www.garrettplanningnetwork.com/ A review and recommendati...
by BabaWawa
Sun Apr 25, 2021 1:14 pm
Forum: Personal Investments
Topic: Small cap value... am I too late to invest now?
Replies: 48
Views: 4753

Re: Two-Fund Portfolio or Three-Fund Portfolio?

Tony wrote: "Are you recommending the Jack Bogle Two Fund Portfolio?" Yes. I also recommend The Three-Fund Portfolio. The only difference is that the Three-Fund Portfolio contains a total Market International Fund (20% of equity) for these reasons. Both portfolios are simple, low-cost, an...
by BabaWawa
Sat Apr 24, 2021 2:39 pm
Forum: Investing - Theory, News & General
Topic: "Value Has Bounced Back, But It Might Be Too Soon To Call It A Comeback"
Replies: 56
Views: 5631

Re: "Value Has Bounced Back, But It Might Be Too Soon To Call It A Comeback"

Bogleheads: Morningstar, has written an important article for value investors with this ending: Rather than flipping that coin at regular intervals, tilting between value and growth, most investors would be best served to own a total stock market index fund with a Morningstar Analyst Rating of Gold...
by BabaWawa
Tue Apr 20, 2021 8:10 am
Forum: Personal Consumer Issues
Topic: Air filter @ Furnace/AC or only @ Intake Air Vent?
Replies: 13
Views: 1026

Re: Air filter @ Furnace/AC or only @ Intake Air Vent?

I've had homes with filter at main unit and others at return vents. Currently main air handler in not very accessible so only at return vents. Added benefit of return vent filters is cleaner return ducts. Just checked them at 7 years and clean as a whistle.
by BabaWawa
Thu Apr 15, 2021 6:40 am
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 85
Views: 8380

Re: Will Inflation pay off my home?

If home prices are peaking, that's a good time to either downsize or hold on to the house you've got. Obviously nobody knows exactly when the peak will occur, but there will be one. If we could sell right now, we would. But there's nowhere less costly that we would rather be. So we're staying put. ...
by BabaWawa
Mon Apr 12, 2021 7:47 am
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 14305

Re: Another 2.8% SWR Article Quoting Wade Pfau

This is just amusing to me at this point. Didn't Bill Bengen just say the new SWR is around 5% a few months ago? Man oh man, this stuff changes on a whim! It's all just noise. Don't worry about it, no one knows what's gonna happen. Actually, Bengen and Pfau are looking at the same data and coming t...
by BabaWawa
Sat Apr 03, 2021 4:05 pm
Forum: Personal Investments
Topic: Lower bond percentage after you won the game?
Replies: 63
Views: 7776

Re: Lower bond percentage after you won the game?

The OP's thinking is right in line with philosophy of Rick Ferri and some others. He has often suggested one asset allocation for the investor based on their risk tolerance and lifespan. Once that investor has saved sufficiently to meet their needs, then the funds accumulated beyond that can be inve...
by BabaWawa
Sat Apr 03, 2021 7:54 am
Forum: Personal Investments
Topic: Please Critique my Portfolio?
Replies: 14
Views: 1395

Re: Please Critique my Portfolio?

Your example is just one reason I like ETFs. You have different mutual funds based on where you hold them. For total bond pick BND and hold it wherever you want with no transaction fees to worry about. Same for total stock, VTI. Much simpler. That's interesting. So I could buy and sell VTI in my Fi...
by BabaWawa
Fri Apr 02, 2021 9:47 am
Forum: Personal Investments
Topic: Please Critique my Portfolio?
Replies: 14
Views: 1395

Re: Please Critique my Portfolio?

Your example is just one reason I like ETFs. You have different mutual funds based on where you hold them. For total bond pick BND and hold it wherever you want with no transaction fees to worry about. Same for total stock, VTI. Much simpler.
by BabaWawa
Sat Mar 27, 2021 6:05 pm
Forum: Personal Investments
Topic: Total Bond Market + TIPS Market Cap
Replies: 10
Views: 602

Re: Total Bond Market + TIPS Market Cap

I am interested in adding TIPS to my bond portfolio. I would like to use them with the Total Bond Market (BND) relative to their respective market caps in the bond arena. Can anyone help me find out how I would determine this break down? Any help would be appreciated. Thank you. I wouldn't get carr...
by BabaWawa
Mon Mar 22, 2021 11:43 am
Forum: Investing - Theory, News & General
Topic: Why can't we have another 20 years of bull market?
Replies: 224
Views: 18342

Re: Why can't we have another 20 years of bull market?

Everybody everywhere is talking about a bubble. But why can't we have another 20 years of bull market? Blue456 You want stock market crashes, crashes are good, Warren Buffet said crashes allowed him to buy more shares. A mix of Bull/Bear Markets are good for investors, embrace crashes. I went throu...
by BabaWawa
Thu Mar 18, 2021 5:25 am
Forum: Investing - Theory, News & General
Topic: rebalance taxable -> large tax bill?
Replies: 29
Views: 2943

Re: rebalance taxable -> large tax bill?

To summarize others: 1) Stop automatic dividend reinvestment. Manually reinvest in undervalued assets in your allocation. 2) No way your tax bill will be anywhere near what you've suggested unless your cost basis is zero. Look at your tax lots, calculate your potential tax hit based on selling the l...
by BabaWawa
Tue Mar 16, 2021 11:14 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Wait lmao, how are you?! Just popping in to say hi to us SCV heads? Every now and then I like to see what you and a few others have contributed. Also, I started this SCV thread after all :wink: Cheers! Good to see you check in. Great thread. Just curious why you deleted most of your early posts?
by BabaWawa
Fri Mar 12, 2021 9:02 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

HippoSir wrote: Fri Mar 12, 2021 8:48 pm Just because I can't resist, 1 year returns:

AVUV: +146.05%
QQQ: +79.17%
VTI: +69.36%

Hope nobody listened to the doomsayers last year!

Taylor has been absent here lately...working on his new book, The Four Fund Portfolio. :sharebeer
by BabaWawa
Fri Mar 12, 2021 2:46 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Since I sold VIOV back in 2020, it went up 100% lol. I switched to QQQ and I'm underperforming VTI again. Maybe I shouldn't tilt at all and just hold the market. I think I warned you this would happen :twisted:. I know I know! Theory is one thing, but behavioral finance something completely differe...
by BabaWawa
Thu Mar 11, 2021 10:19 pm
Forum: Personal Investments
Topic: Planner-Proposed Portfolio - Your Thoughts?
Replies: 34
Views: 2505

Re: Planner-Proposed Portfolio - Your Thoughts?

Ridiculous proposal... Your "plan" should view your combined monies, not by accounts, and you certainly don't need the complexity of buying/selling ETFs real-time. Yes I agree the plan is overly complex, but it has nothing to do with whether it uses ETFs or mutual funds. Why do some folks...
by BabaWawa
Thu Mar 11, 2021 11:31 am
Forum: Investing - Theory, News & General
Topic: How do I explain to someone that higher valuations are not as high as they seem due to bond yield?
Replies: 60
Views: 4584

Re: How do I explain to someone that higher valuations are not as high as they seem due to bond yield?

How do I explain to someone that higher valuations of stocks compared to historic measures are not as high as they seem due to bond yield being lower? But at the same time, making it very clear that there is no predictive value in US Treasury yields for future stock prices. Also, how do I explain t...
by BabaWawa
Wed Mar 10, 2021 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: Free tax preparation (VITA) available entire remotely at GetYourRefund.org hub.
Replies: 13
Views: 943

Re: PSA: Free tax preparation (VITA) available entire remotely at GetYourRefund.org hub.

I'm curious if the VITA program is less important now with TurboTax and the virtual interview system. Filing personal income taxes is way easier today than it was when one had to fill out all of the forms by hand. If you meet the income and filing status (not married filing separately) the service ...
by BabaWawa
Wed Mar 10, 2021 8:18 am
Forum: Personal Investments
Topic: Merrill resigning as custodian?
Replies: 10
Views: 1295

Re: Merrill resigning as custodian?

I recently received a letter informing me that Merrill has "made the decision to resign as custodian and will be closing your retirement account effective <3 months from mailing date>". Has anyone else received a similar notification? Or is this likely a personally specific action? My hus...
by BabaWawa
Wed Mar 10, 2021 8:11 am
Forum: Investing - Theory, News & General
Topic: 1980s 14%+ Govt. Bonds?
Replies: 67
Views: 4016

Re: 1980s 14%+ Govt. Bonds?

Yes we were able to take advantage of high interest rates in the form of very high mortgage interest rates. Good times! lol Cheers Lol my generation is spoiled with these interest rates, we thank you for enduring those rates for our sake Yes, we're all enjoying the 1.5% bond yields. :? Spoiled inde...
by BabaWawa
Tue Mar 09, 2021 8:37 am
Forum: Investing - Theory, News & General
Topic: Timing the bond market
Replies: 35
Views: 2667

Re: Timing the bond market

I won't be jumping out of bonds. It's the anchor of my portfolio. True to Bogleheads philosophy, I'll stay the course. My time frame is far longer than the duration of my bond funds so should be fine. Plus, I'm not smart enough to time the system, heck even bond king Bill Gross has his missteps when...
by BabaWawa
Tue Mar 09, 2021 7:47 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

In Paul Merriman’s “two funds for life” strategy, he essentially indicates one should hold a higher amount of small-cap value as a portion of total equities earlier in life, and reduce it overtime towards retirement. Most folks here seem to think that the balance of total market to small-cap value ...
by BabaWawa
Tue Mar 09, 2021 7:27 am
Forum: Investing - Theory, News & General
Topic: Proper Asset Allocation for High Net Worth
Replies: 74
Views: 6760

Re: Proper Asset Allocation for High Net Worth

With substantially more money than you'll ever need in your lifetime, some recommend investing the amount you will need in a comfortable allocation such as 60/40 or 40/60. Then take the amount you will not need in your lifetime and invest that in an allocation that is appropriate for the age and tim...
by BabaWawa
Tue Mar 09, 2021 2:02 am
Forum: Personal Investments
Topic: Three Fund Portfolio [Portfolio help]
Replies: 8
Views: 952

Re: Three Fund Portfolio [Portfolio help]

Hi everyone However, does the three fund portfolio make sense if you intend to contribute to the portfolio on a monthly basis, thereby, incurring a cost each month for purchasing mutual funds. For example, if I purchased VTSAX, VTIAX, and VBTLX each month, I would incur a fee of $135 each month. WH...
by BabaWawa
Mon Mar 08, 2021 8:03 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

It's the only point of view that matters to you. Doesn't mean it's right for everyone. Except that rebalancing is 100% certain to be effective at managing risk and virtually no chance of increasing returns. Rebalancing when you have embedded capital gains is not recommended. The (realized/non-defer...
by BabaWawa
Mon Mar 08, 2021 6:35 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

It's the only point of view that matters to you. Doesn't mean it's right for everyone. Except that rebalancing is 100% certain to be effective at managing risk and virtually no chance of increasing returns. Thank you, that's a concept that not everyone seems to understand around here. :sharebeer
by BabaWawa
Mon Mar 08, 2021 6:25 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Over the past year I've become less and less enchanted by a presumed rebalancing bonus as I've read through the affirmative and negative debates. I think I'll continue to contribute more in lacking positions as I'm still accumulating but don't see myself rebalancing with in my equity allocations. W...
by BabaWawa
Mon Mar 08, 2021 6:18 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a loosing horse, to Stay The Course?

.... People are buying SCV with the expectation it will outperform over the next 2 or 3 decades. Is it timing? I do not pretend to know for sure. In my mind, the time frame and buy and permanently hold mentality suggests NO. --- (a few other posts) ... Bottom line is I've had the same asset allocat...
by BabaWawa
Mon Mar 08, 2021 4:47 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a loosing horse, to Stay The Course?

Tilting is by definition trying to time the market, so switch to Total market and get off the horse. Deciding on and holding steady to an allocation that differs from the total market weight is not even remotely market timing. I have held the same modest tilt to SCV for almost 15 years. I have reba...
by BabaWawa
Mon Mar 08, 2021 4:16 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Largest (postitive) spread between my SLYV (S&P 600 small value) and MGK (mega-cap growth) holdings I can remember....SLYV up 3.3% and MGK down 1.4%. I hold somewhat of the 'barbell' approach, but skew towards small value much more than mega-cap growth. Hold mega-cap growth in taxable also due ...
by BabaWawa
Mon Mar 08, 2021 4:08 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Over the past year I've become less and less enchanted by a presumed rebalancing bonus as I've read through the affirmative and negative debates. I think I'll continue to contribute more in lacking positions as I'm still accumulating but don't see myself rebalancing with in my equity allocations. W...
by BabaWawa
Mon Mar 08, 2021 2:01 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Steve Reading wrote: Mon Mar 08, 2021 12:51 pm
Elysium wrote: Mon Mar 08, 2021 8:26 am
SCV heads, enjoy the ride while you can, don't forget to trim on the way up :beer
I feel very comfortable letting my SCV investments keep going up for the foreseeable future. YMMV.
Wish you luck with that crystal ball
by BabaWawa
Mon Mar 08, 2021 1:58 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Over the past year I've become less and less enchanted by a presumed rebalancing bonus as I've read through the affirmative and negative debates. I think I'll continue to contribute more in lacking positions as I'm still accumulating but don't see myself rebalancing with in my equity allocations. W...
by BabaWawa
Mon Mar 08, 2021 7:59 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4517
Views: 351720

Re: Small Cap Value heads Rejoice !!!

Folks with SCV in taxable, are you selling for realized gains if order to rebalance? This implies a rebalance band has been hit. My normal 10% SCV allocation was down to below 9% last March so I rebalanced by buying in Roth, while rest of SCV is in taxable. Recently allocation was up to 12% so I wa...
by BabaWawa
Sun Mar 07, 2021 2:08 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a losing horse?

idmcrick: If I were confident I was on the right horse, I would continue riding the "horse" -- but I would keep my eye out for a better one: From 28 Funds to 3: Simplifying to a 3 Fund Portfolio . If I found a better horse like total market index funds I would switch. Best wishes. Taylor ...
by BabaWawa
Sun Mar 07, 2021 12:24 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a loosing horse, to Stay The Course?

Tilting is by definition trying to time the market, so switch to Total market and get off the horse. Deciding on and holding steady to an allocation that differs from the total market weight is not even remotely market timing. I have held the same modest tilt to SCV for almost 15 years. I have reba...
by BabaWawa
Sun Mar 07, 2021 12:18 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a loosing horse, to Stay The Course?

Tilting is by definition trying to time the market, so switch to Total market and get off the horse. Deciding on and holding steady to an allocation that differs from the total market weight is not even remotely market timing. I have held the same modest tilt to SCV for almost 15 years. I have reba...
by BabaWawa
Sun Mar 07, 2021 4:47 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a losing horse?

idmcrick: If I were confident I was on the right horse, I would continue riding the "horse" -- but I would keep my eye out for a better one: From 28 Funds to 3: Simplifying to a 3 Fund Portfolio . If I found a better horse like total market index funds I would switch. Best wishes. Taylor ...
by BabaWawa
Sun Mar 07, 2021 4:36 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11507

Re: How long would you back a loosing horse, to Stay The Course?

Tilting is by definition trying to time the market, so switch to Total market and get off the horse. Deciding on and holding steady to an allocation that differs from the total market weight is not even remotely market timing. I have held the same modest tilt to SCV for almost 15 years. I have reba...
by BabaWawa
Wed Mar 03, 2021 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab customer service completely swamped?
Replies: 29
Views: 2797

Re: Schwab customer service completely swamped?

It's not just Schwab. I have relationships with Schwab, E-Trade, and Fidelity. Trying to get someone on the phone is next to impossible these days. Typical wait times of 30-45 minutes and chat option not much better. (And I supposedly have an "elite team"). They use the excuses of Covid an...
by BabaWawa
Sat Feb 27, 2021 3:50 pm
Forum: Personal Investments
Topic: Is this a good time to invest in VTI for long term?
Replies: 34
Views: 3643

Re: Is this a good time to invest in VTI for long term?

5 years is not the long term, and if you are planning on using even some of the money for a home, then don't put it in a stock fund. Paul Have to agree with Paul, money needed within 5 years probably shouldn't be in the market. If you asked last March at much lower valuation levels then maybe, but ...
by BabaWawa
Sat Feb 27, 2021 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Continue or Cut Index Universal Life Insurance
Replies: 4
Views: 316

Re: Continue or Cut Index Universal Life Insurance

I agree with you and others to cut your losses now. Evaluate your life insurance needs as a couple in event one of you passes. As you said, your current situation may not require life insurance with your significant savings rate, low mortgage expense and dual incomes. If one of you can still comfort...
by BabaWawa
Wed Feb 24, 2021 3:40 pm
Forum: Personal Investments
Topic: Accounting for capital gains taxes when calculating rate of return
Replies: 8
Views: 428

Re: Accounting for capital gains taxes when calculating rate of return

A) Don't sell. No tax on unrealized CG B) Many of us don't care about calculating our rate of return. Pick a broad index asset allocation that suits your needs and take what the market gives you. When you start analyzing returns and comparing them to others is when you start making changes in search...
by BabaWawa
Wed Feb 24, 2021 3:30 pm
Forum: Personal Investments
Topic: How to minimize taxes while drawing RMD
Replies: 15
Views: 2042

Re: How to minimize taxes while drawing RMD

With most of your assets in tax deferred you really limit your tax efficient withdrawal strategies in retirement. And only your significant other will have some time after retirement to do Roth conversion before age 72. As others suggest I would begin Roth 401k contributions, up to the employer matc...
by BabaWawa
Sun Feb 21, 2021 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Revealing net worth
Replies: 251
Views: 16771

Re: Revealing net worth

Cruise wrote: Sat Feb 20, 2021 10:28 pm Those who know our net worth, or could calculate it if required:

1. CPA
2. Estate attorney
3. Banker
4. Wife

I can't imagine sharing the information with anyone else.
Hopefully not in that order!