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Re: Thoughts on MS in Hydrogeology?

I would attend the GSA annual meeting in October and talk to as many schools and companies as you can. You'll quickly find out how far a MS in Hydrogeology will get you. If you're interested in the petroleum industry I think AAPG is in December. Like others have said don't confuse any degree in geol...
by BigOilTexan
Fri Aug 16, 2013 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on MS in Hydrogeology?
Replies: 10
Views: 897

Re: Planning on staying in home 7 years, 15 or 30 year mortg

Thanks for all the comments. We can afford the 15 year mortgage no problem and we're expecting a doubling of household income in a few years (spouse resident --> attending) so that sounds like an easy decision for 15 vs 30. As for ARM, we haven't talked to any banks yet regarding mortgages...does it...
by BigOilTexan
Thu Aug 15, 2013 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning on staying in home 7 years, 15 or 30 year mortgage?
Replies: 10
Views: 733

Re: POLL: Your Salary vs Inflation

Started 2010, up 28% or 9.3%/yr.
by BigOilTexan
Thu Aug 15, 2013 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Your Salary vs Inflation
Replies: 24
Views: 2259

Planning on staying in home 7 years, 15 or 30 year mortgage?

Question 1: My spouse and I are contemplating buying our first home, but due to a few complicating factors we're only planning on staying there 6-8 years before we will need to move elsewhere. We've been renting for the last 3 years while we paid off her student loans. We're looking at houses in the...
by BigOilTexan
Thu Aug 15, 2013 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Planning on staying in home 7 years, 15 or 30 year mortgage?
Replies: 10
Views: 733

Re: Late 30s: 2 Years In

For the purposes of maintaining domestic tranquility, I think we are going to keep our savings account at roughly 15-20% of our gross pay for now which is the most we can afford the the moment. As far as maxing out all of our accounts, that would be a dream. It will never happen though. we have 401...
by BigOilTexan
Thu Jul 18, 2013 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Late 30s: 2 Years In
Replies: 42
Views: 4402

Re: 401(k) options - help

I've never owned bonds, no. That is probably a bad idea, hmm? I have always thought of using (120 - my age) as a percentage in equity with the rest in bonds, but as I have more than 20 years before retirement, I never got too hot on the idea. This is a good primer on asset allocation (if its not so...
by BigOilTexan
Thu Jul 18, 2013 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) options - help
Replies: 11
Views: 280

Re: 401(k) options - help

Do you have any other taxable investment accounts? Your 401(k)/IRA investments should be taken as part of your total retirement portfolio, not as a standalone. Is your money 100% in equities? If so, that seems a little risky for your age. A little more information would be nice to get a better pictu...
by BigOilTexan
Thu Jul 18, 2013 11:09 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) options - help
Replies: 11
Views: 280

Re: My dentist asked me for a hot tip

China Natural Resources, Inc.
by BigOilTexan
Tue Jul 16, 2013 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: My dentist asked me for a hot tip
Replies: 37
Views: 2907

Re: Never time the market, i know...

I have no idea how i would make an overlaying chart. i'm so new to this that i have no idea what that even means LOL! Again, I was under the impression that buying into a fund for an IRA each month was using their services That if i start when the market is this high, that my return rate won't be s...
by BigOilTexan
Tue Jul 16, 2013 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Never time the market, i know...
Replies: 48
Views: 5254

Re: Market Timing

No, it doesn't at all. What isn't sensible about it remains the assertion that buying high and selling low which presume the same foreknowledge of what will happen tomorrow that got him in trouble in the first place. In general you are correct but I think the larger point is that your current AA no...
by BigOilTexan
Tue Jul 16, 2013 4:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market Timing
Replies: 33
Views: 1813

Re: Sacrifices: Saving 50% of Take Home Pay?

Only you can really answer whether or not it will be a sacrafice to save that much. I will also say that while strict budgets can be a good idea for getting an idea of where you spend your money (which might suprise you), they can be VERY detrimental for a new relationship. My wife incurred ~$175k i...
by BigOilTexan
Tue Jul 16, 2013 4:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sacrifices: Saving 50% of Take Home Pay?
Replies: 44
Views: 6070

Disgusting mailer from Fidelity

Background: My wife has a 403(b) account at Fidelity through her employer. We are deferring 48% of her salary to her 403(b) account to max her yearly pre-tax contribution. This is invested in the total market Spartan fund as part of our asset allocation across all investment accounts. Today in the m...
by BigOilTexan
Tue Jul 09, 2013 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Disgusting mailer from Fidelity
Replies: 44
Views: 5307

Re: 3 fund portfolio vs more complicated allocation

Id say the opposite, i have no idea if its stupid but it is market timing. You believe you have knowledge that allows you to make a smart investment that others dont have. You will purchase when you think its a good deal and sell when you think its right. I have no idea if that is true. Im not sure...
by BigOilTexan
Wed Jul 03, 2013 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs more complicated allocation
Replies: 34
Views: 3979

Re: Newbie - Requesting Portfolio Review.

Start simple like you're planning on doing. Once you have everything set up and you are happy with it, then decide how much you want to slice and dice. Also consider the additional time managing a more complicated portfolio takes and make sure that's something you'll find engaging long-term. Most im...
by BigOilTexan
Wed Jul 03, 2013 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie - Requesting Portfolio Review.
Replies: 7
Views: 802

Re: 3 fund portfolio vs more complicated allocation

One of the problems i grapple with when it comes to "more complicated" is that to me it appears to have some element of market timing. It seems that overweight x,y, or z bc i believe something is more likely to happen then not that favors one of those letters. Im just not sure there is a ...
by BigOilTexan
Wed Jul 03, 2013 10:50 am
 
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs more complicated allocation
Replies: 34
Views: 3979

Re: What was your worst investment?

I got pretty lucky with my initial stock picks, but I was starting to invest during 2009. I bought Anadarko, Apple and Valero which are all up 50-100%. I read a Newsweek article about China and decided to buy China Natural Resources without doing any research. Low volumes, high volitility. I sold it...
by BigOilTexan
Wed Jul 03, 2013 10:37 am
 
Forum: Investing - Help with Personal Investments
Topic: What was your worst investment?
Replies: 100
Views: 7817

Re: Making sense of 401(k) after-tax Roth conversion options

1) Your posted plan provisions do not clearly state that your after tax contributions are eligible for distribution, or how often you can roll them out. You will have to check with the plan regarding these distributions. However, if allowed you can roll them directly to a Roth IRA, and any earnings...
by BigOilTexan
Tue Jul 02, 2013 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Making sense of 401(k) after-tax Roth conversion options
Replies: 4
Views: 386

Re: After maxing 401k/IRA/HSA... what's next?

The reason I do this is so that my 401(k) withdrawals will be taxed at 0% when I convert them to a Roth IRA. So they were 0% taxed going into the 401(k) and 0% taxed when they come out of the 401(k). I'm not sure I understand what you're saying. Lets say 25% tax bracket now, 10% at retirement. It s...
by BigOilTexan
Tue Jul 02, 2013 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: After maxing 401k/IRA/HSA... what's next?
Replies: 7
Views: 1113

Re: Backdoor Roth to be safe?

But if you kept reading, you would see: Calculation Not Required for Full Recharacterization A calculation of earnings or loss is required only if a partial recharacterization is being done. In other words, if the full IRA balance is being recharacterized, then no calculation is required. For instan...
by BigOilTexan
Tue Jul 02, 2013 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth to be safe?
Replies: 10
Views: 772

Re: Backdoor Roth to be safe?

There is no harm. The downside of not doing the backdoor is having to undo your Roth contributions if your AGI is too high. I think that would be a much larger hassle than just doing the backdoor from the beginning. See this article on how to recharacterize an IRA contribution (if you made a Roth c...
by BigOilTexan
Tue Jul 02, 2013 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth to be safe?
Replies: 10
Views: 772

Re: Allocating correctly between 401k and Roth IRA?

Your total asset allocation should cover all your accounts, retirement and taxable. There is no need to recreate your desired allocation in each account. You have list two retirement account which are both tax-advantaged. Do you have any retirement savings in taxable accounts? This wiki on the princ...
by BigOilTexan
Tue Jul 02, 2013 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Allocating correctly between 401k and Roth IRA?
Replies: 5
Views: 366

Re: Portfolio review and advice - update 2

Thanks for the info! Looks like I shouldn't worry about transferring international to taxable and creating capital gains in the process as they're close to a wash tax-effiency wise.

I guess everything else is in order for now.
by BigOilTexan
Tue Jul 02, 2013 11:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and advice - update 2
Replies: 5
Views: 968

Making sense of 401(k) after-tax Roth conversion options

I'm not quite sure I understand this part of my 401(k) plan. I'm currently contributing $17,5k/year pre-tax. I can contribute an additional amount after-tax, which now just goes into my taxable savings account and $5k backdoor Roth IRA. 1) Can I contribute up to my employee maximum to 401(k) and the...
by BigOilTexan
Tue Jul 02, 2013 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Making sense of 401(k) after-tax Roth conversion options
Replies: 4
Views: 386

Re: Emerging Markets - Equal Country Weight

Why over complicate things like that? I agree things become complicated, but by doing this, smaller EM countries have an equal impact than the larger EM countries. If you look at the EEM index, a huge percentage is taken by China, Russia, Taiwan and Korea. The other countries don't really matter. I...
by BigOilTexan
Fri Jun 28, 2013 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets - Equal Country Weight
Replies: 44
Views: 1100

Re: Emerging Markets - Equal Country Weight

Do you have a specific reason for that allocation? Do you prefer to be overweight on Peru and underweight on China relative to the index? For example, VEMAX holds... China 20.0% Brazil 14.4% Taiwan 12.6% India 8.9% South Africa 8.3% Russia 6.3% Mexico 5.6% Malaysia 4.8% Indonesia 3.3% Thailand 3.1% ...
by BigOilTexan
Fri Jun 28, 2013 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets - Equal Country Weight
Replies: 44
Views: 1100

Re: General Question re: stocks

James 2, Thank you for your answer. So do I just put the 50,000 in a brokerage account and that's it? Where can I get more information or do I just call Vanguard and discuss with them? I just wanted to make sure I know what to tell them when I call. Sorry for showing my ignorance in investing. If y...
by BigOilTexan
Thu Jun 27, 2013 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: General Question re: stocks
Replies: 45
Views: 2891

Re: Portfolio review and advice - update 2

Thanks for the link...here's what I got out of it. The list below is the funds I would like to invest in to achieve my target asset allocation with the 1/3/5 year difference for tax adjusted returns after distributions (with the account I currently hold it in, if any). If I understand the principle,...
by BigOilTexan
Thu Jun 27, 2013 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and advice - update 2
Replies: 5
Views: 968

Re: Portfolio Review (& Handling School Debt)

If your wife is truly interested in serving a low-income area than the debt forgiveness program might be a good option, but be sure you read up on the current status. My wife and I went to a financial seminar sales talk by a financial planning company catering to new doctors and although I don't rem...
by BigOilTexan
Wed Jun 26, 2013 8:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (& Handling School Debt)
Replies: 5
Views: 688

Re: Wellstrade 'other fees'

I use WellsTrade and have never seen one of these fees. Are you trading large volumes of shares or securities on a foreign market?
by BigOilTexan
Wed Jun 26, 2013 7:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Wellstrade 'other fees'
Replies: 5
Views: 446

Portfolio review and advice - update 2

Here's my first portfolio Q&A thread from April last year. I'm happy to report that with the help of some patient forum members I... ⋅ closed my Scottrade and Schwab accounts and moved the holdings into a WellsFargo PMA brokerage account ⋅ reduced my total number of holdings...
by BigOilTexan
Tue Jun 25, 2013 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and advice - update 2
Replies: 5
Views: 968

Re: Exchanging Vanguard investor cl for admiral cl with loss

At Vanguard at least, this is a non-taxable event. Did you SELL the investor shares and then buy admiral shares with the proceeds? That would be taxable. Vanguard will convert them for you, though, and it won't be taxable. You can do it right on the website. There's a special icon you click. I used...
by BigOilTexan
Tue Jun 25, 2013 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Exchanging Vanguard investor cl for admiral cl with losses
Replies: 7
Views: 320

Re: Computing return on investment

The Excel XIRR formula IS the annualized rate of return, not the YTD return. In my spreadsheets I calculate 3 numbers. ⋅ Annualized rate of return for the life of the position - done as I previously posted using XIRR with all transactions and dates. ⋅ Current year APY - same list...
by BigOilTexan
Tue Jun 25, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Computing return on investment
Replies: 9
Views: 500

Re: Computing return on investment

The XIRR function in Excel is very easy to use...all you need are dates and amounts. Net influx is negative and net ourflow is positive. Add today's date and current value at bottom. .............. Column A ..... Column B Row 1 ..... 1/1/2013..... $-10000 Row 2 ..... 2/1/2013..... $-100 Row 3 ..... ...
by BigOilTexan
Tue Jun 25, 2013 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Computing return on investment
Replies: 9
Views: 500

Re: Exchanging Vanguard investor cl for admiral cl with loss

My understanding is that Vanguard can switch you into admiral class without requiring you to sell current fund shares. When I've done the inv cl -> adm cl exchange before in my Vanguard account it's showed up at tax time as sell/buy and I've had to pay capital gains. Regardless this is in my WellsT...
by BigOilTexan
Tue Jun 25, 2013 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Exchanging Vanguard investor cl for admiral cl with losses
Replies: 7
Views: 320

Exchanging Vanguard investor cl for admiral cl with losses

I've been investing in VGTSX as my international index fund and I now have over $10,000 so I'd like to switch to the admiral class version. After the last few weeks selling it now would give me a 4% loss overall. As I understand the wash sale rules, exchanging VGTSX for VTIAX would not qualify for a...
by BigOilTexan
Tue Jun 25, 2013 11:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Exchanging Vanguard investor cl for admiral cl with losses
Replies: 7
Views: 320

Re: Excess IRA contribution withdrawn after tax filing date

Correct. It is OK that you took the excess contribution from the Schwab IRA since you had more than one account. If you only had one IRA, then their earnings calculation would be based on the latest contributions made that were excess. Therefore, this correction will not change the amount of your 2...
by BigOilTexan
Wed Apr 25, 2012 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Excess IRA contribution withdrawn after tax filing date
Replies: 4
Views: 774

Re: Excess IRA contribution withdrawn after tax filing date

2) You know from your paper statement of on line account that the distribution was $26 more than the amount of excess contribution you corrected. Therefore, you will add the $26 of income to your tax return. But which return? You did not say which year you made the contribution IN, you just said it...
by BigOilTexan
Sun Apr 22, 2012 7:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess IRA contribution withdrawn after tax filing date
Replies: 4
Views: 774

Re: Med school at 29 year old, is this a viable plan?

I have a cousin who bought a pharmacy in small town north Alabama and rakes in over $300,000 a year. Have you considered something like that, like other people have suggested? $300k net? Is that just for Rx or does the pharmacy sell lots of other things? Net. Mainly for Rx. He didn't hire another e...
by BigOilTexan
Fri Apr 20, 2012 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Med school at 29 year old, is this a viable plan?
Replies: 89
Views: 5560

Re: Med school at 29 year old, is this a viable plan?

I have a cousin who bought a pharmacy in small town north Alabama and rakes in over $300,000 a year. Have you considered something like that, like other people have suggested? $300k net? Is that just for Rx or does the pharmacy sell lots of other things? Net. Mainly for Rx. He didn't hire another e...
by BigOilTexan
Fri Apr 20, 2012 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Med school at 29 year old, is this a viable plan?
Replies: 89
Views: 5560

Re: Med school at 29 year old, is this a viable plan?

4 years great cost and effort, then 3 -4 years of making near/less than minimum wage(80 hour minimum might change this) This is a popular misconception. Many residents work under 80 hours a week. For example, as a radiology resident I do not approach 80 hours. I make $64,000 a year. This is not nea...
by BigOilTexan
Fri Apr 20, 2012 3:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Med school at 29 year old, is this a viable plan?
Replies: 89
Views: 5560

Re: First time portfolio rebalancing advice - update 1

Tax-advantaged is moving in the right direction! It makes sense to use International EAFE (0.025% ER) in His 401K. However, consider supplementing with Foreign Small VSS and Emerging Markets VEIEX/VEMAX. https://personal.vanguard.com/us/funds/snapshot?FundId=5533&FundIntExt=INT Ya this current ...
by BigOilTexan
Fri Apr 20, 2012 2:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: Penn State Honors College Vs. Cornell

I went to a top grad school for my field. What criteria is used to determine the ranking of the grad school? I'll bet you a pizza it's kinda arbitrary. Of course it's arbitrary 8-) I got a masters in a very specialized sub-field so there were only a handful of schools that even offered a program. I...
by BigOilTexan
Fri Apr 20, 2012 11:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 113
Views: 7689

Re: First time portfolio rebalancing advice - update 1

Tax-advantaged is moving in the right direction! It makes sense to use International EAFE (0.025% ER) in His 401K. However, consider supplementing with Foreign Small VSS and Emerging Markets VEIEX/VEMAX. https://personal.vanguard.com/us/funds/snapshot?FundId=5533&FundIntExt=INT Ya this current ...
by BigOilTexan
Fri Apr 20, 2012 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: First time portfolio rebalancing advice - update 1

Ok I updated my current status in blue in the first post and included capital gains for holding in taxable account. I've gotten rid of 8 positions and achieved my desired asset allocation stated in the first post. I am currently in the process of moving my Scottrade, Schwab brokerage accounts and no...
by BigOilTexan
Fri Apr 20, 2012 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: Penn State Honors College Vs. Cornell

I think the most important question is will he be going to grad school. Most engineers don't, which makes undergrad name recognition that much more important. My sister went to Harvard for undergrad. I went to the University of Miami for undergrad. My sister went to a top 25% grad school for her fie...
by BigOilTexan
Fri Apr 20, 2012 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Penn State Honors College Vs. Cornell ... Thank you! Post #1
Replies: 113
Views: 7689

Excess IRA contribution withdrawn after tax filing date

I contributed $5,600 to non-deductible IRA for the 2011 year, and had the $600 excess contribution withdrawn the day *after* the filing deadline. According to Schwab I won't get the 1099-R until 2013 (for 2012 tax year) since the distribution was made in the 2012 tax year. 1) I'm married filing join...
by BigOilTexan
Fri Apr 20, 2012 10:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Excess IRA contribution withdrawn after tax filing date
Replies: 4
Views: 774

Re: First time portfolio rebalncing advice

So I see you are considering 80% stock instead of 90% stock. I was using 0.8 to refer to the non-REIT equity portion of my allocation. What I was getting at...it appears you may be unaware of Vanguard's Total International Index which contains both developing markets and emerging markets (about 23%...
by BigOilTexan
Thu Apr 12, 2012 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: First time portfolio rebalncing advice

please list the unrealized gains or losses for each fund and stock in your taxable account. Will add tonight. Also, do you have any carryover losses from previous tax years? No. Your individual stocks are currently 26% of your portfolio, but your goal is 10%. Do you plan to fix that by selling? Do ...
by BigOilTexan
Thu Apr 12, 2012 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: First time portfolio rebalncing advice

In your shoes, I would move to the WellsFargo PMA package. You get all the benefits of Vanguard and Fidelity and it's all free. Full disclosure: We have accounts at WF, Fidelity, Vanguard, et al., but not Schwab nor Scottrade. If I was forced to only use one broker, it would be WF. I already have m...
by BigOilTexan
Thu Apr 12, 2012 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981

Re: First time portfolio rebalncing advice

An additional question... For simplicities sake I can probably consolidate some of my accounts. Vanguard is my main account provider. I have ~12% of my total portfolio at Scottrade and Schwab each. Wife's 403(b) is at Fidelity. I like the fund offerings at Vanguard, but have heard mixed reviews of t...
by BigOilTexan
Thu Apr 12, 2012 2:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time portfolio rebalancing advice - update 1
Replies: 21
Views: 981
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