Search found 35869 matches

by dbr
Mon Jun 14, 2021 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: CSP new offer: 100,000 bonus points
Replies: 86
Views: 7682

Re: CSP new offer: 100,000 bonus points

I have found that doing CCs for bonus, for travel is far more involved that investing. I am retired. I got the time. I consider it a hobby. I enjoy it. I get to see the world. I can see how this game is not for everyone. That pretty well sums it up says one who has cycled through a few million FF m...
by dbr
Mon Jun 14, 2021 1:46 pm
Forum: Personal Investments
Topic: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?
Replies: 22
Views: 1693

Re: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?

Am I not in handcuffs with any other high-equity mutual fund? All will have substantial capital gains after 10+ years. I want to use mutual funds in my taxable account due to the ease of periodic investing in whole dollar amounts, and given Vanguard's shareholder structure and somewhat unique LifeS...
by dbr
Mon Jun 14, 2021 11:52 am
Forum: Personal Consumer Issues
Topic: Overlay on flooring for glue on concrete
Replies: 6
Views: 408

Re: Overlay on flooring for glue on concrete

Often where you are going to be walking on it a lot a 4'x8' fiber board or plywood sheet would probably be fine. I was going to suggest getting a disposable drop cloth from a paint store, but I think constantly walking on plastic sheeting would not be safe from falls. Another option is vinyl walkway...
by dbr
Mon Jun 14, 2021 11:45 am
Forum: Personal Investments
Topic: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand
Replies: 22
Views: 1495

Re: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand

A different point of view is that return from TLH is highly risky in the sense that the result is highly variable depending on market and individual circumstances. The costs to the account are risk free in the sense of being certain and constant. To pay a risk free penalty for a risky benefit the be...
by dbr
Mon Jun 14, 2021 11:35 am
Forum: Personal Finance (Not Investing)
Topic: CSP new offer: 100,000 bonus points
Replies: 86
Views: 7682

Re: CSP new offer: 100,000 bonus points

makes sense....when is a sensible time to cancel if we don't plan on using the card? This may be helpful: https://www.flyertalk.com/forum/chase-ultimate-rewards/2003045-chase-product-change-card-conversion-downgrade-upgrade-keep-cancel-2020-a.html AMEX for one has seemed to get fairly nasty with pe...
by dbr
Mon Jun 14, 2021 11:28 am
Forum: Personal Investments
Topic: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?
Replies: 22
Views: 1693

Re: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?

You haven't allowed for the possibly very high cost in capital gains taxes should you decide you no longer want to stay in that fund in your taxable account. It probably is not a good idea to put yourself in handcuffs like that unless you are really sure that is what you want for the long run.
by dbr
Mon Jun 14, 2021 9:26 am
Forum: Personal Investments
Topic: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?
Replies: 22
Views: 1693

Re: Am I calculating the tax cost of Vanguard LifeStrategy fund correctly?

Without actually checking your arithmetic that should be right. For sake of comparison the tax cost published by Vanguard is here: https://investor.vanguard.com/mutual-funds/profile/performance/vsmgx It looks like they usually have about a 1% hit on return. They usually assume high tax rates but you...
by dbr
Mon Jun 14, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Hawaii Rental Car: Best Way to Book to Ensure Your Car is Actually There
Replies: 54
Views: 5136

Re: Hawaii Rental Car: Best Way to Book to Ensure Your Car is Actually There

But there were cars on the lot? I suppose that's just the staff being too swamped (or lazy?) to put the cars out for Gold members? Of course, Hawaii is currently totally different... I remember one late night arrival at a small Hertz location, using their shuttle from the airport. Tiny branch... ti...
by dbr
Mon Jun 14, 2021 8:58 am
Forum: Personal Investments
Topic: Fixed income strategy
Replies: 14
Views: 1658

Re: Fixed income strategy

I think this probably comes under the heading of the common Boglehead diversion of dancing on the head of a pin. But, if you want an opinion I would not put as large a fraction of all my wealth as 40% in a single investment where I do not completely understand the possible idiosyncratic risk in that...
by dbr
Mon Jun 14, 2021 8:47 am
Forum: Personal Consumer Issues
Topic: Hawaii Rental Car: Best Way to Book to Ensure Your Car is Actually There
Replies: 54
Views: 5136

Re: Hawaii Rental Car: Best Way to Book to Ensure Your Car is Actually There

Join the loyalty program for the rental agency. I had luck with Hertz on Kauai in late May. Hertz Gold (which is free) and President's Club (higher tier) members had cars ready while everyone else was waiting 2-3 hours as Hertz turned around cars. I had a similar (pleasant) experience at LAX. Situa...
by dbr
Mon Jun 14, 2021 8:42 am
Forum: Personal Investments
Topic: diversification and taxes
Replies: 6
Views: 457

Re: diversification and taxes

In general once one accumulates significant taxable investments it does not work so well to stick to target retirement or other balanced funds. Most likely you want to hold stocks in taxable and add some bond holdings in tax deferred (not Roth). You can also use TR funds that hold more in bonds. Tho...
by dbr
Mon Jun 14, 2021 8:35 am
Forum: Personal Investments
Topic: Windfall management advice on DCA to a 90% stock portfolio
Replies: 19
Views: 1445

Re: Windfall management advice on DCA to a 90% stock portfolio

Placing the money by a DCA scheme is not a replacement for figuring out the right asset allocation. If you can't stand the possible consequences of being 90/10, then that is the wrong asset allocation. It is that simple. There are two possible ways out: 1. Realize that 90/10 is not for you, figure o...
by dbr
Mon Jun 14, 2021 8:24 am
Forum: Investing - Theory, News & General
Topic: My favorite authors are turning their backs on Bonds
Replies: 159
Views: 15788

Re: My favorite authors are turning their backs on Bonds

When I think about the purpose of my investment portfolio, it is purely to transfer consumption from the current period to the future. Sometimes it is possible to do that cheaply, because you can make a deal with others who have a greater need for current consumption relative to the future than you...
by dbr
Mon Jun 14, 2021 8:20 am
Forum: Investing - Theory, News & General
Topic: My favorite authors are turning their backs on Bonds
Replies: 159
Views: 15788

Re: My favorite authors are turning their backs on Bonds

When I think about the purpose of my investment portfolio, it is purely to transfer consumption from the current period to the future. This is wonderful. I've never thought of my brokerage account as a time machine used to send money into the future before, but I think you're right, that's what it ...
by dbr
Mon Jun 14, 2021 8:16 am
Forum: Personal Finance (Not Investing)
Topic: CSP new offer: 100,000 bonus points
Replies: 86
Views: 7682

Re: CSP new offer: 100,000 bonus points

Most often I would use Chase or AMEX points by combining them with points already in the program of one airline or another -- at time of finding a flight.
by dbr
Mon Jun 14, 2021 8:11 am
Forum: Investing - Theory, News & General
Topic: Portfolio Income - Portfolio Visualizer
Replies: 2
Views: 326

Re: Portfolio Income - Portfolio Visualizer

This illustrates that it is generally simpler to understand what is happening if one pays no attention to dividends and simply specifies withdrawals as an independent variable. There is no special reason spending has to be the dividends, much less a certain fraction of the dividends. In any case wit...
by dbr
Mon Jun 14, 2021 8:04 am
Forum: Investing - Theory, News & General
Topic: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?
Replies: 79
Views: 6688

Re: Assuming inflation increases and rates climb (or are expected to) will bond funds appreciate in value?

This reminded me of a question I had about Vanguard's Ultra-Short Bond fund (VUSFX) and its new ETF version (VUSB), both with a duration of about 1.0 years. If interest rates rise 1%, the value of the fund declines by 1%, but the interest rate will rise by 1% over the year. If interest rates rise 2...
by dbr
Sun Jun 13, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: CSP new offer: 100,000 bonus points
Replies: 86
Views: 7682

Re: CSP new offer: 100,000 bonus points

Is there a trick to booking business on Iberia? I checked the site and picked some off peak dates and all that shows up is Economy and Premium Economy. No mater what dates I pick it show Business class tickets are not available. In my experience the trick to finding miles redemptions in business on...
by dbr
Sun Jun 13, 2021 12:52 pm
Forum: Personal Investments
Topic: Inertia - Huge Money Market Fund Balance - the need to generate income - yet conserve funds for future
Replies: 12
Views: 1804

Re: Inertia - Huge Money Market Fund Balance - the need to generate income - yet conserve funds for future

I would add in a case like this the concept of "generate income" does not apply. What does apply is that there is an accumulation of wealth, including a house, that can be spent. The only issue is that there be enough that there is little chance of running out too soon. That is why the est...
by dbr
Sun Jun 13, 2021 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: CSP new offer: 100,000 bonus points
Replies: 86
Views: 7682

Re: CSP new offer: 100,000 bonus points

There is no way I would buy air tickets through an Expedia portal. Then you have you-Chase-Expedia-airline. What could possibly go wrong?
by dbr
Sun Jun 13, 2021 11:34 am
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 143
Views: 6501

Re: Tire flat fixing for beginners

I do know that the shop I use asks to bring the car back to be retorqued after 100 miles or so when having tires rotated. I have watched them do it and know they really do it by hand with a torque wrench and don't just crank everything down with an impact wrench. The shop is around the corner and I ...
by dbr
Sun Jun 13, 2021 11:27 am
Forum: Investing - Theory, News & General
Topic: Hold Munis Simply for Diversification?
Replies: 11
Views: 1103

Re: Hold Munis Simply for Diversification?

A comment about diversification is that one might be talking about any of at least these three ideas: 1. Diversifiable risk. This means that individual issues of stocks or bonds may have idiosyncratic risk that is not associated with higher expected return and can be diversified away by holding many...
by dbr
Sun Jun 13, 2021 11:10 am
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 143
Views: 6501

Re: Tire flat fixing for beginners

pshonore wrote: Sun Jun 13, 2021 10:40 am I've always liked this style of lug wrench
https://www.amazon.com/CARTMAN-Heavy-Un ... B01AUGNT24
at least you can get leverage unlike the single nut angled wrenches that come with most cars.
Amen. Years ago I started a habit if carrying such a wrench in every car always.
by dbr
Sun Jun 13, 2021 10:53 am
Forum: Investing - Theory, News & General
Topic: Hold Munis Simply for Diversification?
Replies: 11
Views: 1103

Re: Hold Munis Simply for Diversification?

In my 50/50 stock bond asset allocation I could hold all TIPS for bonds but instead hold half in intermediate TIPS and half in intermediate Treasurys because it just seems like a bad idea to hold half of all one's wealth in one narrow corner of the bond market. If someone can help me out there I'm l...
by dbr
Sun Jun 13, 2021 10:44 am
Forum: Personal Investments
Topic: Vanguard fee based Tax Management with Harvesting
Replies: 1
Views: 235

Re: Vanguard fee based Tax Management with Harvesting

This service is available from Vanguard: https://investor.vanguard.com/advice/fi ... r-services

You can call them and ask them how effectively they implement tax loss harvesting as a tax management tactic.
by dbr
Sun Jun 13, 2021 10:27 am
Forum: Personal Investments
Topic: Inertia - Huge Money Market Fund Balance - the need to generate income - yet conserve funds for future
Replies: 12
Views: 1804

Re: Inertia - Huge Money Market Fund Balance - the need to generate income - yet conserve funds for future

I see nothing here except non-problems. As far as income she already has about $100k/year in annuitized income and for a 10% withdrawal rate in the last ten years when she needs it there is another $100k/year, plus she has LTC insurance. I assume from the way this is written that her current spendin...
by dbr
Sun Jun 13, 2021 9:36 am
Forum: Investing - Theory, News & General
Topic: Hold Munis Simply for Diversification?
Replies: 11
Views: 1103

Re: Hold Munis Simply for Diversification?

If you don't have a highly diversified muni fund you add both the risk of concentrating in certain munis and also, as pointed out above, more default risk if you were in Treasurys* before. A problem with munis is that tax advantage tends to be state specific but people may not want to concentrate in...
by dbr
Sun Jun 13, 2021 9:31 am
Forum: Personal Investments
Topic: Money mkt or short term bonds for cash reserves
Replies: 4
Views: 810

Re: Money mkt or short term bonds for cash reserves

You are agonizing over non issues both with respect to picking this or that fund and also with respect to keeping a cash reserve.

There is inevitably going to be cash around just to manage cash flow, so use common sense about that, and the rest takes care of itself pretty much either way.
by dbr
Sun Jun 13, 2021 9:24 am
Forum: Personal Investments
Topic: How to Protect Savings from stock market crash
Replies: 23
Views: 2565

Re: How to Protect Savings from stock market crash

As one can gather from the replies there are two options: 1. You can't protect stocks from market crashes so don't invest in stocks. But this can be tailored in degree. That is why people discuss having the right asset allocation between stocks and bonds. This would be the approach of the rational e...
by dbr
Sun Jun 13, 2021 9:17 am
Forum: Personal Consumer Issues
Topic: Subaru Outback Battery Problems - Dealer Response?
Replies: 36
Views: 3923

Re: Subaru Outback Battery Problems - Dealer Response?

(Sorry to resurrect this old thread, but I thought it better than start a new one). I've run into this battery issue with my 2019 Subaru Outback as well. I've had it 2 years, and the OEM battery died unexpectedly on me (I am very careful not to leave headlights/internal lights on). I charged it to ...
by dbr
Sun Jun 13, 2021 8:52 am
Forum: Personal Investments
Topic: Where do I put my cash?
Replies: 16
Views: 2437

Re: Where do I put my cash?

Reading in a couple of good books such as Rick Ferri's book about asset allocation and Swedroe's investing book and retirement book might make the nature and use of investment assets more clear.
by dbr
Sat Jun 12, 2021 4:24 pm
Forum: Investing - Theory, News & General
Topic: Treasuries as your bond allocation?
Replies: 72
Views: 4766

Re: Treasuries as your bond allocation?

I can't wrap my head around buying an asset that won't keep up with inflation for the rest of my portfolio. Why? I don't like to intentionally lose money. I don't think there's anything that's guaranteed to beat inflation risk-free. I-bonds are the only thing, but they cap the amount per year. Righ...
by dbr
Sat Jun 12, 2021 4:01 pm
Forum: Investing - Theory, News & General
Topic: Investing in Vanguard funds via Fidelity
Replies: 47
Views: 10584

Re: Investing in Vanguard funds via Fidelity

Fidelity told me there's (still) a $75 fee for purchasing a VG Admiral Fund, and $0 fee for selling. Does anyone know if dividend reinvestment of a VG Admiral Fund at Fidelity incurs a fee? I looked at the "fees" tab of VTSAX, for example, and it just says "$75 transaction fee" ...
by dbr
Sat Jun 12, 2021 3:09 pm
Forum: Personal Investments
Topic: Starting a brokerage account for my 12 y/o son
Replies: 23
Views: 1546

Re: Starting a brokerage account for my 12 y/o son

There is no purpose to getting "exposure" to those factors, nor is "income" a factor in the return on those investments. Whether or not this is the most effective way to save for college tuition compared to a 529 or such is a different issue. Effect on qualification for financial...
by dbr
Sat Jun 12, 2021 11:51 am
Forum: Personal Investments
Topic: Planning mom's retirement portfolio - sanity check
Replies: 34
Views: 3585

Re: Planning mom's retirement portfolio - sanity check

Strictly speaking she does not live off RMDs but rather RMDs are a transfer from tax deferred to taxable accounts with a tax bill. Whether or not spending from the taxable account is none, some of, all of, or more than the RMD makes no difference. What does make a difference is withdrawing more than...
by dbr
Sat Jun 12, 2021 11:36 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 107
Views: 6454

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

For sure the conversation is confused by first of all the partial truism that "all annuities are bad" followed by the consideration of which one's are not bad followed by the consideration of which of the one's that are not bad are actually a good idea and when. Also pensions and Social Se...
by dbr
Sat Jun 12, 2021 11:11 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Riskier than Stocks?
Replies: 20
Views: 2600

Re: Are Bonds Riskier than Stocks?

Discussions of risk should be stated as "risk of X" where you have to say what X is. Otherwise investment definition of risk is standard deviation of annual returns. Over any period long enough to get an estimate of that I don't think there are any bonds as risky as stocks. Note that in fi...
by dbr
Sat Jun 12, 2021 11:01 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 107
Views: 6454

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Isn't it also conventional financial wisdom not to annuitize everything. I may be imagining it but I had the idea companies were not even supposed to sell an annuity leaving an investor with less than half his original liquid assets. I don't know where I got that. You may have remembered that from ...
by dbr
Sat Jun 12, 2021 10:57 am
Forum: Personal Investments
Topic: Does a Dividend Portfolio make sense anymore?
Replies: 6
Views: 1005

Re: Does a Dividend Portfolio make sense anymore?

As time goes on the dividend holding become a smaller fraction of the account as you add to index holdings and reinvest dividends in index holdings. If you grin and bear it the problem becomes less and less. You can unload the dividend payers by using them for donations. You can selectively liquidat...
by dbr
Sat Jun 12, 2021 10:38 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 107
Views: 6454

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Isn't it also conventional financial wisdom not to annuitize everything. I may be imagining it but I had the idea companies were not even supposed to sell an annuity leaving an investor with less than half his original liquid assets. I don't know where I got that. In any case, as pointed out above,...
by dbr
Sat Jun 12, 2021 9:51 am
Forum: Investing - Theory, News & General
Topic: Treasuries as your bond allocation?
Replies: 72
Views: 4766

Re: Treasuries as your bond allocation?

Some notable names in investing (e.g, Larry Swedroe, Warren Buffett) recommend using mid to long-term treasuries as the primary component of your bond allocation. They expressly advise against using corporate bonds. Their logic, as I understand it, is that the risks associated with corporate bonds ...
by dbr
Sat Jun 12, 2021 9:44 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 107
Views: 6454

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Isn't it also conventional financial wisdom not to annuitize everything. I may be imagining it but I had the idea companies were not even supposed to sell an annuity leaving an investor with less than half his original liquid assets. I don't know where I got that. In any case, as pointed out above, ...
by dbr
Sat Jun 12, 2021 9:38 am
Forum: Investing - Theory, News & General
Topic: Treasuries as your bond allocation?
Replies: 72
Views: 4766

Re: Treasuries as your bond allocation?

Looking at a comparison, a corporate bond fund appears to resemble the treasury fund more than it does the stock fund: Correct. The risk in bonds whether corporate or Treasuries is small compared to stocks, but corporates are certainly more risky than Treasuries.* If one considers "match"...
by dbr
Sat Jun 12, 2021 9:17 am
Forum: Investing - Theory, News & General
Topic: Treasuries as your bond allocation?
Replies: 72
Views: 4766

Re: Treasuries as your bond allocation?

Yes, plenty of Bogleheads do have some or all bonds in Treasuries. That is not the same thing as a consensus recommendation that Treasuries are the preferred bond holding. Mr. Bogle actually criticized the holding of Vanguards total bond index fund as having too much in Treasuries and not enough in ...
by dbr
Sat Jun 12, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Voluntary retirement offer
Replies: 20
Views: 3111

Re: Voluntary retirement offer

At Megacorp there were many instances of voluntary retirement packages. These were never targeted at individuals but rather offered division by division for business reasons and had to be non-discriminatory by age, gender, etc. I would be very worried if this is a personal offer, but I bet it is not...
by dbr
Sat Jun 12, 2021 8:28 am
Forum: Investing - Theory, News & General
Topic: Very interesting spreadsheet: "Historical Returns on Stocks, Bonds and Bills 1928-2020"
Replies: 3
Views: 922

Re: Very interesting spreadsheet: "Historical Returns on Stocks, Bonds and Bills 1928-2020"

I have a few questions if you flip to the sheet called "S&P 500 & Raw Data" included are "T.Bond rate" and "Return on bond". What is the difference between the two numbers? At auction a Treasury can sell for more or less than the face value so the rate on actua...
by dbr
Sat Jun 12, 2021 8:23 am
Forum: Investing - Theory, News & General
Topic: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios
Replies: 107
Views: 6454

Re: TIAA White Paper on Fixed Annuities and SPIAs in Retirement Portfolios

Delaying Social Security and having a company pension that did not offer a lump sum option has resulted in major annuitization for us. I'll take it that way gladly. Obviously it makes the model for retirement withdrawals fairly complex, but that is what models are for. It also affects the planning s...
by dbr
Sat Jun 12, 2021 8:15 am
Forum: Personal Investments
Topic: Taxable account with advisor, able to gradually sell and reinvest?
Replies: 14
Views: 1311

Re: Taxable account with advisor, able to gradually sell and reinvest?

The safest way to test how much income can be incurred without paying capital gains tax is to sit down with the tax forms and start putting in numbers to see what comes out. The problem is that there are a lot of moving parts all specific to each individual situation and if it matters it is better n...
by dbr
Sat Jun 12, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: No SS card no access to new ETrade account
Replies: 48
Views: 3280

Re: No SS card no access to new ETrade account

On the other hand, I have a ton of financial accounts and to the best of my knowledge never had to provide a copy of my Social Security card when opening the accounts. Since the OP’s son couldn’t open a MySSA account online, maybe there is a connection and there isn’t enough information available i...