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I read it years ago, great book!
I see kids all over the internet getting started in investing, and having all kinds of questions.
I usually just post a list of about 5-6 books they should read, and this is one of them. But I don't think young peo…
Who cares about the 4% "rule" when most bond funds are paying that and more, maybe much more? Just take the bond interest instead of eroding the asset base by selling anything.
brilliant, really.
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Isn't it obvious? I don't get the …
Who cares about the 4% "rule" when most bond funds are paying that and more, maybe much more? Just take the bond interest instead of eroding the asset base by selling anything.
My son just opened TRP acct. Everything went smoothly until attempting to link his credit union acct with TRP. Sorry, we are unable.... Feces.
He STILL refuses to get a credit card. Prefers cash and debit card. Dunno if that factors in.
An entire …
Without realizing it at the time Lou of WSW is probably the reason I got interested in Mr Market. It was must watch TV every Friday for me.
Me too. Always a lot of common sense on his show.
Been with Schwab since 1997, no real complaints. I rarely call them for anything though, a handful of times per year, and generally over some technical thing.
Low Tech, I think that the other members are saying that the interest rate that you are getting today on your MM funds might not (and probably won't if you look at the past) last forever. In that case, what would your alternative plans be?
I alread…
Not confused at all. Was just curious about your specific ideas. Turns out you have none; that’s cool.
I've laid out my ideas in a couple of the above posts. Did you not read them?
Har, this is like the other thread
>> I will move that money somewhere else
Where would that be?
Maybe back to SCHD where it came from, or to a bond fund or split it up among my existing bond funds that I have. Other than that I cannot p…
Guys, my question is only WHERE low_tech is going to move his money when mm drops below 4.5% !
Nothing to do w 4% swd, which has always been low imo.
My retirement portfolio is kicking off over 6%, most of which gets reinvested into my taxable acc…
Where ?
Was that question for me?
I don't know why anyone is concerned about the 4% "rule" nowadays when MMs and many bond funds pay MORE than 4%. You can get 4-5%+ and you don't have to sell anything.
Conditions will surely change -- but we don…
@Low_Tech. Cool idea. What are the odds of that working for a thirty year retirement?
I wouldn't expect ANY one thing to hold for a 30-year income. But for the time being, I have 20% of my retirement in a MM fund. If/when it drops to 4.5% or less…
I've been taking RMDs since 2007. Tax withholding has always been a question I think about each year. Since starting RMDs, I have used the Electronic Tax Payment System,(EFTPO), to make automatic quarterly payments. After filing our tax return for …
@Crash. I'm in my 3rd year of RMDs, and the complexities of it all was something I worried about going into it the first time. I don't know how other major brokers are, but Schwab makes setting up RMDs VERY EASY. They will tell you how much and when…
Understood @Low_Tech. To each their own, but again, I have no problem playing Schwab's game. My mind set is those who keep a higher dollar amount in the sweep are playing THEIR game. And if "the game" eeks out an extra $500 or so for me, the game be…
I keep roughly 1% of assets in cash from two accounts at Schwab. Even if they paid me 5% it wouldn't change my life any.
Won't change my life either but 1% in say, a million dollar account(s), would be about $500 bucks more in my pocket each year. …
I keep roughly 1% of assets in cash from two accounts at Schwab. Even if they paid me 5% it wouldn't change my life any. When it gets much more than 1% I will add to positions or put it in the MM fund.
But, TBH, this is something I've never fretted…
I never even had a credit card until I was 43. How on earth did I manage my life without a credit card??? And, as young people today don't realize, mortgage rates are now normalized.
@Balubalu Yes, the whole "non-profit" thing is a joke. How many thousands of employees does VG have? Do they all work for free? VG has to offer competing salaries and bennies or they wouldn't have any employees.
And then all the hard assets they ha…
FWIW: In 27 years, Schwab has never pushed anything on me, nor even hinting at it with one exception: They did when they came out with their "Robo Advisor" 8-10 years ago.
I told them I was not at all interested, and they've never brought it up aga…
Transfering money from Schwab to someone's bank can be quicker than the usual 2-3 days. You can write a check and deposit it in your bank account via your phone, I have done it many times and the money was available the next morning. Schwab supplie…
I have a 74 year-old neighbor who has stargardt disease and is losing his vision. He barely can log into his Vanguard account (will not be able to in a year or so) and can't facilitate the handful of trades his does per year online. And now Vanguard…
When I get too old, I may change this, but at 75+, I can handle it/them.
Yogi, you're over 75? Wow, I thought I was usually the oldest guy around -- I'll "only" be 74 in August. However I know several guys older than me on car forums.
@msf wrote: "Consequently, restrictions on Admiral shares now apply only to actively managed funds' Admiral shares. One can usually transfer them to other brokerages but not buy additional shares."
That's what happened to me at some point when I tr…
I had VWIAX at VG, but moved it to my existing Schwab account around 2015. I sold it last fall and have no VG holdings. From all the negative comments I hear online, I'll probably never have any again.
Not quite sure what you guys are looking for, but Schwabbie has PDFs on the "Ratings and Reports" section on the right side of your research page. Click "Schwab Equity Ratings Report."
"RELIABILITY, CONSCIENTIOUSNESS, ACCURACY, DEPENDABILITY" You've obviously not tried to talk to anyone on the Customer Rage and Aggravation phone line in the past 30 years.
"Customer Rage and Aggravation" phone line? Is that for real? Never knew …
Hard for me to imagine, unless you got the one out of 10,000 people there who happens to be bad at what you were trying to accomplish. But I haven't moved any accounts into or out of Schwab in around 8-9 years, which went well at the time.
I probab…
When you're hearing is so bad that you can't use the phone chat is just wonderful.
Wow, never thought of that. I'm old, but hearing is still pretty good.
For convenience and simplicity, all our stuff is at a single brokerage: Schwab. Actually, my wife's IRA is still in-process of being transferred to Schwab. I like the 24/7 chat box option. I can ask a question and get answers ANYTIME I might think o…
From the Wall Street Journal's analysis of the economic assumptions released with the Biden budget:
Economic forecasts released Monday as part of the White House’s 2025 budget proposal assume that three-month Treasury bill rates will average 5.1% th…
Crash, FWIW: After 27 years at Schwab, I have never had any kind of problem like this where it wasn't resolved quickly. Maybe try to go over this guy's head . . . ?
I'm not a geek and never have been (but I do know a few things) but how can you not know (or not check) the size of something you're going to transfer?
Schwab re-arranged their whole fund/ETF research section in late '22, making it much worse IMO. But of course the nerds need to keep their jobs.
Depending on where you are and what you are doing, sometimes there's a "Return to classic view" link on…
