Search found 655 matches

by NightOwl
Wed May 13, 2015 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth: Schooling my CPA and getting charged for it!
Replies: 134
Views: 10359

Re: Backdoor Roth: Schooling my CPA and getting charged for it!

I too had to teach my tax preparer about the Backdoor Roth the first year it became available. I also had to tell her about the I-bond refund form -- she said she'd never had anyone request that before. She asked where I heard about these strategies, and I said, "Oh, Bogleheads.org -- you shoul...
by NightOwl
Sat Apr 25, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Late-starters, check in with portfolio status
Replies: 4
Views: 776

Re: Poll: Late-starters, check in with portfolio status

I was 35 when I joined Bogleheads 6 years ago, with a significantly negative net worth (~$70,000 in student loans) and very little investing experience. In my case, I decided to to stay in school until my early 30s (Ph.D.), then had a couple of roughly break-even years before my earnings took off in...
by NightOwl
Fri Mar 27, 2015 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can you really know your AA until you've hit a bear market?
Replies: 74
Views: 6004

Re: Can you really know your AA until you've hit a bear mark

Frankly, I don't know if 2008 is a good example of investing in a bear market since it recovered so quick, especially if you were a young investor with a small portfolio. Although, in the midst of the downturn, one did not know if the market was going to come back. One should not assume that the ne...
by NightOwl
Tue Mar 17, 2015 10:39 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - The New Bond King - WSJ
Replies: 27
Views: 4624

Re: Vanguard - The New Bond King - WSJ

From the WSJ article:
Mr. Barrickman said he doesn’t care to compete for the biggest personality in the business. “That’s not my style,” he said.

Love it.

NightOwl
by NightOwl
Mon Mar 02, 2015 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: it it too late buying more stocks and bond ??
Replies: 18
Views: 3685

Re: it it too late buying more stocks and bond ??

I had a lump sum of money equivalent to 10% of my portfolio become available last Thursday, and I invested according to my AA last Thursday. I am confident that 30 years from now I will be glad that I did so.

NightOwl
by NightOwl
Mon Mar 02, 2015 5:27 pm
Forum: Investing - Theory, News & General
Topic: Market Beating Recipe
Replies: 19
Views: 2115

Re: Market Beating Recipe

Faster computers and better algorithms than anyone else. Good luck.

NightOwl
by NightOwl
Wed Jan 07, 2015 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: All my eggs in one basket?
Replies: 11
Views: 1028

Re: All my eggs in one basket?

At the very least, I'd strongly consider adding enough to the Vanguard account to get Flagship status ($1 million), as I've heard that Flagship reps can be particularly helpful. Personally, I'd have everything at Vanguard if I could -- I'll eventually roll my Fidelity 401k to a Vanguard IRA. I do th...
by NightOwl
Mon Jan 05, 2015 10:47 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads 2015 Hedge Fund Contest
Replies: 171
Views: 20013

Re: Bogleheads 2015 Hedge Fund Contest

Rannumgen Capital is back after a one-year hiatus.

Longs:
CTG, Computer Task Group
DMND, Diamond Foods
THRX, Theravance

Shorts:
AKAO, Achaogen
AOSL, Alpha and Omega Semiconductor
TGH, Textainer Group Holdings

NightOwl
by NightOwl
Sun Jan 04, 2015 11:23 am
Forum: Investing - Help with Personal Investments
Topic: The riskiest (Bogleheads) portfolio you can think of
Replies: 15
Views: 1734

Re: The riskiest (Bogleheads) portfolio you can think of

Riskiest in the long run? It might be 100% cash. Not the most aggressive, but those are different things.

NightOwl
by NightOwl
Sat Dec 27, 2014 12:22 am
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Message To You -- 70 Years Ago.
Replies: 58
Views: 5537

Re: My Christmas Message To You -- 70 Years Ago.

Thank you, Taylor, for what you did then and for what you are doing now.

NightOwl
by NightOwl
Sat Dec 27, 2014 12:20 am
Forum: Investing - Help with Personal Investments
Topic: Do I-Bonds Count (as part of your bond allocation)?
Replies: 24
Views: 2448

Re: Do I-Bonds Count (as part of your bond allocation)?

I call my currently owned I bonds my "emergency fund." Now that I have moved my e-fund into I bonds over the past few years, future purchases of I bonds ($15k/year including $5k/year tax refund in paper I bonds) will be counted as part of my fixed income allocation. But really it's all one...
by NightOwl
Sat Dec 27, 2014 12:11 am
Forum: Personal Finance (Not Investing)
Topic: What price are you planning to pay for your next car?
Replies: 91
Views: 7643

Re: What price are you planning to pay for your next car?

I think that there's an excellent chance that I will live and die without ever having owned a car. If you gave me one now, I'd give it back. Maybe I'll get one in retirement. Who knows? I suppose my answer is therefore $0, but I didn't vote.

NightOwl
by NightOwl
Wed Dec 24, 2014 12:33 pm
Forum: Investing - Theory, News & General
Topic: Have you ever hoped for a correction?
Replies: 52
Views: 3880

Re: Have you ever hoped for a correction?

This is kind of a random thought I have. I think I'd be happier if the market corrected. Hi EarlyStart, It's not at all a random thought, nor is it idiosyncratic to you. William Bernstein (poster wbern on this forum) has said : For the young investor in the saving phase, stocks aren’t that terribly...
by NightOwl
Wed Dec 24, 2014 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: delete [Edward Jones rep trying to pull me away from lazy 3]
Replies: 37
Views: 4272

Re: Edward Jones rep trying to pull me away from lazy 3 fund

Anyway, I kindly tell him thank you but today most of my funds are in this lazy 3 fund portfolio (VTI,VXUS,BND) all through Vanguard, with extremely low expense ratios, just covering the total US, and total intl', and total us bond markets. I just add to those to keep it about a 60/20/20 split and ...
by NightOwl
Tue Dec 23, 2014 11:37 pm
Forum: Investing - Theory, News & General
Topic: Who tilts to Small Caps but not REITs?
Replies: 44
Views: 3510

Re: Who tilts to Small Caps but not REITs?

Not to mention that many SCV funds have a significant allocation to REITS. For example, IJS and VBR both have about 11% in REITs. I tilt to small value which, as noted above, includes a heavier REIT allocation than a TSM investor has. I simply don't have room in tax-advantaged for a REIT fund once ...
by NightOwl
Wed Dec 10, 2014 3:00 am
Forum: Investing - Theory, News & General
Topic: Harvey paper says re-balancing adds risk
Replies: 73
Views: 5466

Re: Harvey paper says re-balancing adds risk

I've read a lot of threads about rebalancing -- doesn't it always come down to whether we're in a mean reversion world or a momentum world? Do we ever know which one we're in? Do we pay Mr. Harvey to assume we're in a momentum world and act accordingly?

NightOwl
by NightOwl
Wed Dec 10, 2014 2:38 am
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 116
Views: 9999

Re: What is your opinion about "tilting?"

I have a moderate tilt to small value domestically (my Roth is 100% VG small value), and a somewhat heavier tilt to small within my international equities allocation. I consider my domestic small value tilt a form of REIT tilt as well, though I don't hold a separate REIT fund. I'm not at all evangel...
by NightOwl
Tue Dec 09, 2014 10:52 pm
Forum: Investing - Theory, News & General
Topic: Poll: Dividend income to match annual salary?
Replies: 39
Views: 4029

Re: Poll: Dividend income to match annual salary?

OP, the way you are asking the question, it seems as though you think that achieving this goal would be common for members of this forum, whereas it seems to me that it would be an incredibly rare accomplishment (at least for people who got there by saving salary, not via inheritance or other major ...
by NightOwl
Tue Dec 09, 2014 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Where do I start?
Replies: 17
Views: 2020

Re: Where do I start?

Invest the money into a Savings Account (FDIC Insured to $500K) paying as much interest as you can find (It will be less than 1%). Then spend your leisure time reading and studying things before you invest in riskier assets. There is no Rush to do anything. It is better to not lose money now than m...
by NightOwl
Wed Dec 03, 2014 7:31 pm
Forum: Personal Consumer Issues
Topic: GMAT prep
Replies: 28
Views: 2160

Re: GMAT prep

Hi n00b_to_investing, I think it makes sense to prepare for an exam using materials written by the people who write that exam. I recommend going here and purchasing what the official GMAT site calls the Premium GMAT Study Collection. It is on sale for $250 (perhaps someone wants to purchase this for...
by NightOwl
Tue Dec 02, 2014 4:26 pm
Forum: Investing - Theory, News & General
Topic: POLL: Should investors have a separate emergency fund?
Replies: 58
Views: 3913

Re: POLL: Should investors have a separate emergency fund?

Individual circumstances matter a lot here.To give just one example, I'd say that an investor whose investments are all in tax-advantaged accounts needs a separate emergency fund, while an investor with a large taxable account probably does not. I do maintain a separate emergency fund, though I've s...
by NightOwl
Sun Nov 30, 2014 10:22 am
Forum: Investing - Help with Personal Investments
Topic: IRA 100% bonds inevitable??
Replies: 46
Views: 4240

Re: IRA 100% bonds inevitable??

Hi Everlearning,

Do you not have a 401(k), 403(b), or similar workplace retirement account? I hold my bonds in my 401(k), and use my Roth for small value (highest expected return, though of course that could easily go awry).

NightOwl
by NightOwl
Fri Nov 28, 2014 12:26 pm
Forum: Investing - Theory, News & General
Topic: Why do we like dividends?
Replies: 114
Views: 10843

Re: Why do we like dividends?

I don't like dividends in my taxable account, and I try to minimize them as much as possible while remaining invested in equities. Instead of that money staying within my mutual funds and ETFs and coming out taxed as long-term capital gains, it comes out as income taxed (in my case) at a rate much h...
by NightOwl
Sun Nov 23, 2014 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: My 2015 goal is to get to $100k NW. Is it attainable?
Replies: 5
Views: 1305

Re: My 2015 goal is to get to $100k NW. Is it attainable?

niceguy7376 wrote:You plan on contributing 17.5K for 401k

$18,000 for 2015: IRS 2015 Limits

NightOwl
by NightOwl
Sun Nov 23, 2014 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: My 2015 goal is to get to $100k NW. Is it attainable?
Replies: 5
Views: 1305

Re: My 2015 goal is to get to $100k NW. Is it attainable?

Hi Jetf, I like your savings plan -- why not think in terms of "savings goals" rather than "net worth goals"? As you note, you have control over your savings, not over market returns -- whether you end 2015 below or above $100k net worth is too heavily dependent on the latter. As...
by NightOwl
Thu Oct 30, 2014 1:35 pm
Forum: Personal Consumer Issues
Topic: A Little Common Core Math problem
Replies: 97
Views: 3425

Re: A Little Common Core Math problem

I'm all for pragmatism -- if it's a multiple-choice test, why not try the answer choices? It's a very effective approach. That said, if I were going to do algebra, I'd say that the cat is x and the dog is 8x. 8x + x = 63, so 9x = 63, so x = 7. Dog is 8x, so (8)(7) = 56. The longer conversation is th...
by NightOwl
Wed Oct 29, 2014 4:08 am
Forum: Investing - Help with Personal Investments
Topic: Is a 0.9% wrap fee too high to consider?
Replies: 8
Views: 775

Re: Is a 0.9% wrap fee too high to consider?

Hi Eschaef, Please check the Wiki entry 401k: Expensive and Mediocre Choices . [Edited to add link.] I believe this topic is (David) grabiner's work.Here's what I think is the most pertinent text: A reasonable rule of thumb is to consider investing in a taxable account if the product of the extra co...
by NightOwl
Sat Oct 25, 2014 1:56 pm
Forum: Investing - Theory, News & General
Topic: 100% of [surveyed] economists were dead wrong about yields
Replies: 33
Views: 4448

Re: 100% of [surveyed] economists were dead wrong about yiel

And if someone surveys these same economists again today, they will all be chastened by their prior failure and admit that they don't know what will happen to yields gladly provide yet another prediction so that we can have more hand-wringing threads here beginning "Given the consensus amon...
by NightOwl
Fri Oct 24, 2014 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Is Wells Fargo misleading my friend?
Replies: 21
Views: 2837

Re: Is Wells Fargo misleading my friend?

I think the "20% in a single stock" is the really disturbing part. Since this is "inherited money" I'm assuming it is a reasonably substantial sum... and come to think of it, these days, isn't it perfectly reasonable to buy odd lots? In a portfolio of, let's say, $100,000 or mor...
by NightOwl
Thu Oct 23, 2014 11:13 am
Forum: Investing - Theory, News & General
Topic: What Are We Doing To Our Young Investors?
Replies: 29
Views: 4380

Re: What Are We Doing To Our Young Investors?

Having said all this, I really wonder if these investors are removing money because of downturns or just because they needed some money and didn't have any other funds--nothing for short term goals, nothing for emergencies. Or because they assumed it was part of severing ties with their previous em...
by NightOwl
Mon Oct 20, 2014 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: How do so many HCEs contribute the max to 401k
Replies: 30
Views: 3041

Re: How do so many HCEs contribute the max to 401k

Hey all- I might have brought this up in the past, but I repeatedly read, mostly on portfolio check threads, how people with high income contribute 17.5k to their 401k. It seems so common but from everything I've read it seems like a rarity for this to be possible. Is there something I'm missing? M...
by NightOwl
Thu Oct 16, 2014 9:59 am
Forum: Investing - Theory, News & General
Topic: Poll: which portion of the chart shows higher volatility?
Replies: 26
Views: 1589

Re: Poll: which portion of the chart shows higher volatility

That person is either having a heart attack or telling a lie -- not sure which.

NightOwl
by NightOwl
Wed Sep 24, 2014 1:38 pm
Forum: Investing - Theory, News & General
Topic: Can Active Fund Strategy Beat Vanilla Index Fund?
Replies: 26
Views: 2069

Re: Can Active Fund Strategy Beat Vanilla Index Fund?

Can it? Yep.

Has it? Yep.

Will it? Dunno.
by NightOwl
Tue Jul 29, 2014 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying property - frank responses requested
Replies: 30
Views: 3690

Re: Buying property - frank responses requested

Legacy you have to make your own peace with that. My view is leaving your spouse in a reasonable position at your death is very important, legacy to kids less so (assuming they don't have large student loans). Hi Curious1, One of my parents is currently thinking through a similar scenario, and in t...
by NightOwl
Sat Jul 12, 2014 9:12 am
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 33
Views: 3527

Re: SAT preparation

My daughter will be a junior this year. She is very good student (IB student, takes numerous AP, straight A, does research in Univ of Miami Breast Cancer Institute, was spelling bee champ in Broward and list goes on) She thinks that she needs SAT coaching. I wanted to find out from those who have s...
by NightOwl
Sun Jun 01, 2014 10:22 pm
Forum: Personal Consumer Issues
Topic: Heading to Sonoma next week, recommendations please
Replies: 15
Views: 691

Re: Heading to Sonoma next week, recommendations please

Flying to SFO Wednesday, renting a car and heading up to Sonoma after a stop at Muir woods. Our rental is just outside of Windsor. I know there are a wealth of places to eat and multiple wine tasting rooms in Healdsburg. Does anyone have any specific recommendations for this area? Looks like J vine...
by NightOwl
Tue May 27, 2014 11:32 pm
Forum: Personal Consumer Issues
Topic: in-laws/student loans
Replies: 57
Views: 2711

Re: in-laws/student loans

Hi VGSailor, It seems to me as though you were put from the start of this mess in a no-win situation; at this point I think we're strictly in damage-control mode. I'm guessing that you have what your in-laws consider to be "lots of money"? They certainly seem to be treating you as a piggy ...
by NightOwl
Tue May 27, 2014 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Wait to DCA During Recession
Replies: 17
Views: 2116

Re: Wait to DCA During Recession

Focus on a robust college experience also, for enhanced longterm financial security... This^. At age 17, you should focus on maximizing your income so that you can save as much as possible. That way, whether returns over your lifetime are robust or muted, you will still have more than enough money ...
by NightOwl
Sun May 11, 2014 12:16 am
Forum: Investing - Theory, News & General
Topic: Poll: Do you own Total Bond Market?
Replies: 50
Views: 4692

Re: Poll: Do you own Total Bond Market?

I hold 100% of my bond allocation in my 401(k) in Advantage Class shares of Fidelity's Spartan U.S. Bond Index Fund (FSITX), which I consider a near-equivalent to Admiral shares of Vanguard's Total Bond Fund Index Fund (VBTLX).

NightOwl
by NightOwl
Tue Apr 08, 2014 3:16 pm
Forum: Investing - Theory, News & General
Topic: Market falling emotions
Replies: 31
Views: 2411

Re: Market falling emotions

Got my monthly paycheck yesterday. Investable money went into the market today. I looked at my spreadsheet last night to determine what I needed to buy. Other that its effect on what I need to buy once per month, market movement rates a big "don't know, don't care" from me.

NightOwl
by NightOwl
Thu Mar 20, 2014 2:07 am
Forum: Personal Consumer Issues
Topic: Less is Beautiful
Replies: 29
Views: 4574

Re: Less is Beautiful

It's funny for me to read these threads, because I have the opposite problem (if one wishes to term it that). I've always been abnormally uninterested in owning things - I'm living now in a mostly empty apartment that I love for its uncluttered lightness. But I've been trying to learn to buy more th...
by NightOwl
Sun Mar 09, 2014 12:16 am
Forum: Investing - Theory, News & General
Topic: The Stock Market's Relentless Bid, Explained
Replies: 22
Views: 3141

Re: The Stock Market's Relentless Bid, Explained

it's called a theoretical question, or a thought experiment, if you will.(Snip) i haven't seen it asked anywhere on this forum. Hi ERMD, I'd recommend searching for "what if everyone indexed?", specifying site:bogleheads.org. It is a good question, in that it signals an interest in the th...
by NightOwl
Fri Mar 07, 2014 4:14 pm
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 875

Re: Does a Car Lease Make Sense in this Situation?

I am normally not a fan of leasing but for her situation it might just be a reasonable option, or the best option----if she can get a short enough term to not be stuck in a lease after the move. I think it would be worth exploring buying a used car in the 10K-15K range and selling it when she is re...
by NightOwl
Fri Mar 07, 2014 4:12 pm
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 875

Re: Does a Car Lease Make Sense in this Situation?

The other issue is that generally you can't lease a car "for a year or two"....a unless you are willing to pay a huge amount. Most leases are 36 months. Maybe buy a Honda Civic or Toyota Corolla. If she decides to do the NYC thing, the depreciation will be low compared to most other cars....
by NightOwl
Fri Mar 07, 2014 4:08 pm
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 875

Re: Does a Car Lease Make Sense in this Situation?

A big question is how your state handles sales tax on cars. The problem is that if she buys a car and has to pay 7% sales tax then buying and selling it a year later would be expensive. Leasing has a lot of pitfalls that can cause problems like if the car is in a major accident, even if it repaired...
by NightOwl
Thu Mar 06, 2014 11:57 pm
Forum: Investing - Help with Personal Investments
Topic: Your stock/bond mix for those ~20 yrs from retirement
Replies: 42
Views: 3117

Re: Your stock/bond mix for those ~20 yrs from retirement

40 years old, 20+ years from retirement. I'm 80-20. I've decided to pursue a strict age-20 bond allocation from here on out, so will increase bonds 1% per year to a retirement portfolio of 60/40. But we'll see if I actually retire in 20 years. Money-wise I will probably be in good shape, but I like ...
by NightOwl
Thu Mar 06, 2014 9:46 pm
Forum: Investing - Theory, News & General
Topic: VG webcast: "Spending Strategies for your Retirement Years"
Replies: 6
Views: 909

VG webcast: "Spending Strategies for your Retirement Years"

As part of my effort to educate myself about retirement portfolios and spending strategies, I watched a one hour Vanguard live webcast today entitled “Spending Strategies for your Retirement Years” – I don’t yet see a link to the video on the Vanguard site, but I will circle back and add the link on...
by NightOwl
Thu Mar 06, 2014 3:08 pm
Forum: Personal Consumer Issues
Topic: Does a Car Lease Make Sense in this Situation?
Replies: 8
Views: 875

Does a Car Lease Make Sense in this Situation?

I know very little about cars. I am 40 years old and have never owned one, as I have always lived in cities with excellent public transportation. I am trying to advise my mother about a car situation, so I thought I’d ask my wise Boglehead friends for help. My mother (69 years old) is driving a 12-y...
by NightOwl
Thu Mar 06, 2014 12:24 pm
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 5787

Re: How Many Funds Do You Have in Taxable?

Four funds in taxable.

Brokerage: VEU + VSS for international, VV (trapped in a tax-loss harvest move, donating these appreciated shares to charity over time)
Taxable mutual fund: VTSAX.

No bonds in taxable -- they are all in my 401k.

I voted four, but with PMM it would be five.

NightOwl

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