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Re: Loan Terms -- Helping a friend going through Divorce?

We drafted the promissory note, they decided to split and then decided to stay together... so no loan as of yet.
by JamesSFO
Sat Mar 28, 2015 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Loan Terms -- Helping a friend going through Divorce?
Replies: 38
Views: 3160

Re: San Jose, CA Area Bogleheads Chapter

Actually there have been like 3 recent threads on buying homes in the SF Bay area and many more, can I humbly request that we NOT turn this thread into a discussion of issues that are already pretty well addressed in other areas of this forum.
by JamesSFO
Sat Mar 28, 2015 12:18 am
 
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 10
Views: 1058

Re: EE/I Bond Rate Predictions for May 1 2015?

I buy 2x/year for each once in the trust and once in my personal account
by JamesSFO
Thu Mar 26, 2015 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE/I Bond Rate Predictions for May 1 2015?
Replies: 6
Views: 695

Re: EE/I Bond Rate Predictions for May 1 2015?

Thanks I will pull the trigger on my purchases now, I guess it was wishful thinking that it would be more...
by JamesSFO
Thu Mar 26, 2015 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: EE/I Bond Rate Predictions for May 1 2015?
Replies: 6
Views: 695

EE/I Bond Rate Predictions for May 1 2015?

Any thoughts on whether to buy EE/I bonds now vs. after May 1? E.g. interest rate tea-leaf predictions
by JamesSFO
Thu Mar 26, 2015 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: EE/I Bond Rate Predictions for May 1 2015?
Replies: 6
Views: 695

Re: Manufactured Spending - Good Idea / Bad Idea?

Is there an element that people like to (a) brag and (b) FT and other forums tend to bring out the most extreme cases? I remember a friend commenting on a Lego VIP points discussion on the Lego VIP forums and strangely everyone had tons of points... Remember to manufacture $XK/month in spending you...
by JamesSFO
Thu Mar 26, 2015 9:17 am
 
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 48
Views: 3973

Re: What would you do with 1.25 million dollars for 1 year?

With incomes over $1M some of the safe harbors do not apply, e.g. in California no safe harbor amount...
by JamesSFO
Thu Mar 26, 2015 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: What would you do with 1.25 million dollars for 1 year?
Replies: 39
Views: 3510

Re: Why 529 plan makes any sense??

Let's go one step further. If a person had maxed up all the tax-advantaged space, the choice is between 529 and taxable A/C? Why 529 makes sense? In my opinion, 529 only makes sense if A) A person has enough money in taxable A/C to survive until retirement B) A person is retired C) A person is conf...
by JamesSFO
Thu Mar 26, 2015 8:17 am
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8290

Re: Manufactured Spending - Good Idea / Bad Idea?

Is there an element that people like to (a) brag and (b) FT and other forums tend to bring out the most extreme cases? I remember a friend commenting on a Lego VIP points discussion on the Lego VIP forums and strangely everyone had tons of points... Remember to manufacture $XK/month in spending you ...
by JamesSFO
Thu Mar 26, 2015 8:16 am
 
Forum: Personal Consumer Issues
Topic: Manufactured Spending - Good Idea / Bad Idea?
Replies: 48
Views: 3973

Re: Why 529 plan makes any sense??

You guessed it. It goes to show everyone's situation is different. Sure but the OP (Klang?) keeps pushing the Roth option as IF everyone can get all the $ out fully, if you can great, but as I think you posted later: Cliff notes: "529 doesn't suit me, so it shouldn't suit you either". 529...
by JamesSFO
Thu Mar 26, 2015 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8290

Re: Why 529 plan makes any sense??

There is a misconception here. While I would need to consider taxes and FAFSA, I know that I can withdraw whatever I like from retirement accounts when my kids are in college. There would certainly be no penalty for such withdrawals. ?Why because you would be over 59.5 years old? Contributions can ...
by JamesSFO
Wed Mar 25, 2015 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8290

Re: Booking a cruise online

Costco Travel is quite good.
by JamesSFO
Wed Mar 25, 2015 12:44 pm
 
Forum: Personal Consumer Issues
Topic: Booking a cruise online
Replies: 8
Views: 886

Re: Why 529 plan makes any sense??

(1) Tax-free growth/redemption

(2) Tax-deductible (depending on state) contributions

(3) Behavioral economics benefits of separating money from bigger pool

(4) Signaling effects to intended recipient

There are more. Turning it around what do you see as negative about a 529 plan?
by JamesSFO
Wed Mar 25, 2015 12:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 194
Views: 8290

Re: Do all cost-basis calcs yield the same total capital gai

No, not all methods will result in same capital gains, especially if transactions incurring capital gains occur over time or less than all shares. For example, if you average cost sale of 10 of 100 shares then you might have a capital gain BUT if you did specific identification you might have a capi...
by JamesSFO
Tue Mar 24, 2015 10:24 pm
 
Forum: Investing - Theory, News & General
Topic: Do all cost-basis calcs yield the same total capital gains
Replies: 5
Views: 443

Re: San Jose, CA Area Bogleheads Chapter

Yep thanks for setting this up.
by JamesSFO
Mon Mar 23, 2015 9:46 am
 
Forum: Local Chapters and Bogleheads Community
Topic: San Jose, CA Area Bogleheads Chapter
Replies: 10
Views: 1058

Re: FA needs investment advice

FWIW, your question is somewhat buried you might want to edit your post to better highlight the question. I came back to this post a second time and still wasn't 100% sure what you were really trying to ask and thus why you may be getting some responses that seem off topic. It seems to me your quest...
by JamesSFO
Sun Mar 22, 2015 11:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: FA needs investment advice
Replies: 25
Views: 2313

Re: IRS Exchange rate reporting

IRS also provides (EDIT) yearly average that can be used if you have many payments over the year: http://www.irs.gov/Individuals/Internat ... ange-Rates
by JamesSFO
Fri Mar 20, 2015 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: IRS Exchange rate reporting
Replies: 4
Views: 311

Re: Schwab Intelligent Portfolios [now live]

No. First there is not currently any FAQ link on the SIP sub-site. https://intelligent.schwab.com/public/intelligent/about-intelligent-portfolios Look for this section: How does Schwab earn revenue on the 'cash feature'? Schwab Bank earns revenue based on the interest we receive by investing the ca...
by JamesSFO
Wed Mar 18, 2015 10:51 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Schwab Intelligent Portfolios [now live]

I see. Of course the actual facts of the matter indicate their FAQs, which was the first information put up on their site other than the coming soon placeholder, detailed quite clearly in the fees section - in a obvious and easy to find find subsection - what the OERs were. To state that up front a...
by JamesSFO
Wed Mar 18, 2015 7:24 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Schwab Intelligent Portfolios [now live]

I see. Of course the actual facts of the matter indicate their FAQs, which was the first information put up on their site other than the coming soon placeholder, detailed quite clearly in the fees section - in a obvious and easy to find find subsection - what the OERs were. To state that up front a...
by JamesSFO
Tue Mar 17, 2015 1:21 pm
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Schwab Intelligent Portfolios [now live]

Thanks greybus and harikaried. The 0.28% effective ER for cash/fundamental ETFs is totally reasonable especially since some people in this thread seem to be so eager to just hand over 0.25% to Wealthfront or Betterment instead. My primary gripe is they are hiding the ball on the fees. Not that the ...
by JamesSFO
Tue Mar 17, 2015 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Schwab Intelligent Portfolios [now live]

Thanks greybus and harikaried. The 0.28% effective ER for cash/fundamental ETFs is totally reasonable especially since some people in this thread seem to be so eager to just hand over 0.25% to Wealthfront or Betterment instead. My primary gripe is they are hiding the ball on the fees. Not that the ...
by JamesSFO
Tue Mar 17, 2015 7:15 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Starting a New Business with a Partner - Setup Questions

PS - an LLC is fine, remember the ownership of the LLC and how revenues are distributed need not be the same.
by JamesSFO
Mon Mar 16, 2015 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Starting a New Business with a Partner - Setup Questions
Replies: 11
Views: 717

Re: Starting a New Business with a Partner - Setup Questions

I highly recommend Dave Ramsey's advise on partnerships at: http://www.daveramsey.com/article/the-dirt-on-partnerships/lifeandmoney_business/ Dave says that "the only ship that never sails is a partnership." I wish I had had that advice in 1984. Dave's advice (use a Joint Venture between ...
by JamesSFO
Mon Mar 16, 2015 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Starting a New Business with a Partner - Setup Questions
Replies: 11
Views: 717

Re: 401k Record Keeping Fee

Try brightscope - http://www.brightscope.com/

Might give you a sense of how your program stacks up
by JamesSFO
Sun Mar 15, 2015 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k Record Keeping Fee
Replies: 54
Views: 3147

Re: NYTimes on benefits of passive investing

livesoft wrote:This is why one needs a financial advisor to select actively-managed mutual funds for them every year or so. The funds picked last year are not going to be the best funds for the next year.


LMAO!

:sharebeer
by JamesSFO
Sun Mar 15, 2015 2:24 pm
 
Forum: Investing - Theory, News & General
Topic: NYTimes on benefits of passive investing
Replies: 16
Views: 2876

Re: American Funds beats the market 97% of the time?

The American Funds also have some hinky numbers if you follow the NYTimes story today (http://www.nytimes.com/2015/03/15/your-money/how-many-mutual-funds-routinely-rout-the-market-zero.html) on active fund perfomance which showed that only 2 small-cap funds were consistently beating the market each ...
by JamesSFO
Sun Mar 15, 2015 8:01 am
 
Forum: Investing - Theory, News & General
Topic: American Funds beats the market 97% of the time?
Replies: 50
Views: 5234

NYTimes on benefits of passive investing

Good punchline at end: But what you never have, he said, is any indication that past performance predicts future returns. “It’s possible that any one of these funds will beat the market over the long term,” he said. “Some of them will do that. But the problem is that we don’t know which of them will...
by JamesSFO
Sun Mar 15, 2015 7:58 am
 
Forum: Investing - Theory, News & General
Topic: NYTimes on benefits of passive investing
Replies: 16
Views: 2876

Re: Best structure for setting aside 10 years of travel expe

Clarification requested do you have $200K sitting in cash now? (implicit but not 100% clear)

And how willing are you to put that principal at risk, e.g. if you only had $17K in 2023 what would you do?
by JamesSFO
Sat Mar 14, 2015 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Best structure for setting aside 10 years of travel expenses
Replies: 13
Views: 1324

Re: Schwab Intelligent Portfolios

I am not posting to suggest the cash allocation is good, bad or indifferent. I am posting to say the "analysis" [note the quotes] that the Wealthfront CEO based his/her claims on and that is now being repeated in this forum as if it were fact, is in fact not analysis of the sort that the ...
by JamesSFO
Wed Mar 11, 2015 9:21 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Schwab Intelligent Portfolios

Just read this article - which could perhaps be dismissed as "sour grapes" - from a WealthFront member: https://medium.com/@adamnash/broken-values-bottom-lines-3d550a27629 Its the CEO of WealthFront. The cash criticism is reasonable, but everything else is the sound of thrashing against t...
by JamesSFO
Wed Mar 11, 2015 7:30 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Looking for a 401k plan with mega backdoor ROTH

I work for a mega-corp that uses Fidelity for our 401k plan administration and we are allowed to do 401k and IRA rollovers, after tax contributions, and in-service withdrawals, so I'm betting it depends on how the employer has setup the 401k. Same here, except I work for a government agency. Sure, ...
by JamesSFO
Wed Mar 11, 2015 7:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for a 401k plan with mega backdoor ROTH
Replies: 8
Views: 756

Re: Schwab Intelligent Portfolios is live

Can someone check my math on the above? Since wealthfront and betterment don't keep any deposits sequestered in cash, doesn't Schwab's scheme result in higher costs by comparison (when considering the opportunity cost by those who would have invested the cash)? Your math is wrong. If Schwab puts th...
by JamesSFO
Tue Mar 10, 2015 10:46 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: Looking for a 401k plan with mega backdoor ROTH

I work at a company with 15 people, growing a few people a year. Our 401k is full of overpriced funds and we want to change to a less expensive provider. We’re certainly going to look into Vanguard assuming they will accept a company the size of ours. But since we’re in the market for a new plan an...
by JamesSFO
Tue Mar 10, 2015 12:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for a 401k plan with mega backdoor ROTH
Replies: 8
Views: 756

Credit Reporting Agency Settlement/Changes

NY AG gets some results - http://www.latimes.com/business/la-fi-credit-reporting-changes-20150310-story.html (1) Will have to wait 6 months to report medical debt as delinquent (2) Will have to specifically have people investigate disputes about errors #1 is interesting because according to the arti...
by JamesSFO
Tue Mar 10, 2015 12:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Reporting Agency Settlement/Changes
Replies: 2
Views: 305

Re: Benefits of Flagship

sanfran2015 wrote:Thanks all. Yes, it looks like the main added benefit is 25 free stock/ETF trades.


Don't underestimate a SPECIFIC person being assigned to you which is a Flagship benefit.
by JamesSFO
Tue Mar 10, 2015 12:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Benefits of Flagship
Replies: 24
Views: 2322

Re: Benefits of Flagship

OK, I looked at the links. I come away with: There are no useful additional benefits to Flagship. Oddly with the removal of the free CFP annual plan (used to charge @ Voyager Select) basically two items remain - 25 fully free trades - Specific advisor assigned to you, this IMHO is the win, particul...
by JamesSFO
Tue Mar 10, 2015 12:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Benefits of Flagship
Replies: 24
Views: 2322

Re: Vanguard et al disintermediated?

I just don't believe that most investors have enough money that investing in individual stocks using "robo" techniques will be viable. If you look at the median 401K balance/etc, the balances are pretty low. But sure, for high-end investors it is conceivable that mutual funds/etfs would b...
by JamesSFO
Mon Mar 09, 2015 12:21 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard et al disintermediated?
Replies: 39
Views: 2699

Re: Vanguard et al disintermediated?

I just don't believe that most investors have enough money that investing in individual stocks using "robo" techniques will be viable. If you look at the median 401K balance/etc, the balances are pretty low. But sure, for high-end investors it is conceivable that mutual funds/etfs would be...
by JamesSFO
Mon Mar 09, 2015 12:13 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard et al disintermediated?
Replies: 39
Views: 2699

Re: Vanguard et al disintermediated?

I read that article this morning and I don't think the punchline is a Vanguard goes away, in fact the 0.30% personal advisor service is basically Vanguard's push into the market.
by JamesSFO
Mon Mar 09, 2015 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard et al disintermediated?
Replies: 39
Views: 2699

Re: Schwab Intelligent Portfolios is live

I got 75/25 ish portfolio (towards the risky side) but a huge chunk of that 20% bonds was in cash (~6-7%) and the number of holdings seemed really high. A touch disappointed they are using so many funds to create these positions and such a high cash position. For a ~20 year time horizon a considerab...
by JamesSFO
Mon Mar 09, 2015 7:13 am
 
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 274
Views: 20161

Re: 2 Million Dollar Settlement, what to do with it?

Just a suggestion, do absolutely nothing for 3-9 months, put the money somewhere safe ($2M might require ~9 banks to stay under $250K FDIC limit but it is still not outrageous.) but your friend should just go about his life for a few months. Alternatively an ultra-short bond fund could work instead ...
by JamesSFO
Sun Mar 08, 2015 11:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2 Million Dollar Settlement, what to do with it?
Replies: 31
Views: 3975

Re: VBS upgrade roll out has started

You can initiate the upgrade here: https://investor.vanguard.com/info/account-upgrade and got this Thanks for the link. When I log in to my account I get: "None of your accounts can currently be upgraded." so it is indeed a rolling implementation. I like the idea of the unified brokerage ...
by JamesSFO
Sun Mar 08, 2015 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: "Vanguard converting mutual fund accounts to brokerage?
Replies: 302
Views: 31917

Re: Wait till June Fed meeting before adding to VBTLX?

Nobody knows for certain, we could look like Japan and have years of low rates... waiting to June in that scenario won't help.
by JamesSFO
Sat Mar 07, 2015 4:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait till June Fed meeting before adding to VBTLX?
Replies: 17
Views: 1144

Re: Vanguard Financial Plan is Dead!

They revised the benefits for Flagship (https://investor.vanguard.com/what-we-o ... t-services)

No more annual CFP plan, it's just "consult with a CFP".
by JamesSFO
Fri Mar 06, 2015 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Financial Plan is Dead!
Replies: 26
Views: 5725

Re: Which 529 plan are you using?

CA resident, no tax deduction (yet!, though there are proposals), use the CA plan with TIAA-CREF, the index offerings are as low/lower than even NY state and there are no fees. I would say you cannot go wrong with NY, UT, or CA plans.
by JamesSFO
Fri Mar 06, 2015 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 49
Views: 2871

Re: VEU 3.52% vs. 5 year Treasury 1.58%

For many, the reason to keep buying bonds is primarily modern portfolio theory (MPT) and what it says about how to build portfolios. Taking more stock will be riskier you may not be being fully compensated for the increased risk.
by JamesSFO
Tue Mar 03, 2015 8:30 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1833

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

Sad. Thanks for sharing the news, the book was tremendously influential.
by JamesSFO
Mon Mar 02, 2015 9:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11347
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