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Re: The Worst Investment You Can Make: Buying a Home

I didn't check out the 20-input calculator this article points to, but the article itself omits some important variables such as inflation, tax considerations and a long list of risks associated with renting (e.g. property owners putting their tenants' home up for sale). Not to mention the article o...
by Nozzle
Fri Aug 08, 2014 3:59 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 131
Views: 15172

Re: Convert SIMPLE to Roth? Advisor: Stay with American Fund

Here's a list of some of the discount brokers offering incentives. It was posted over a year ago, but appears to be up to date. Of course, you'll want to confirm the incentive is still being offered before opening the account. http://thefinancebuff.com/huge-bonus-offers-from-brokers-fidelity-schwab...
by Nozzle
Fri May 10, 2013 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 2234

Re: Convert SIMPLE to Roth? Advisor: Stay with American Fund

Wow, thanks for all the great feedback! There was a long email conversation between myself and this adviser. He really is a nice guy and seems knowledgeable. But all his reasons for staying with him and/or American Funds were debunked by your posts. If I were keeping the SIMPLE and never contributin...
by Nozzle
Fri May 10, 2013 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 2234

Convert SIMPLE to Roth? Advisor: Stay with American Funds

First off I want to thank you all for making this forum so practical and educational. When I first began saving for retirement I knew very little about investing. I started visiting this site a few months ago and have since become a believer in index funds, age-appropriate equities/bonds AA, the pow...
by Nozzle
Thu May 09, 2013 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert SIMPLE to Roth? Advisor: Stay with American Funds
Replies: 14
Views: 2234

Re: How Much Did You Spend on Your Engagement Ring??

Back in 2001 I spent $2500 on a custom engagement ring. We actually designed it together which was a great experience. I agree with an earlier poster that said the two should talk about it like adults and make sure you're on the same page. Doing this ensured she got exactly what she wanted and it di...
by Nozzle
Thu May 09, 2013 4:13 pm
 
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 20586

Great "investing" article

Reading this made me smile: http://blogs.wsj.com/moneybeat/2013/05/08/better-than-buffett-this-investor-made-me-rich-for-life/ For me it was a great reminder of what's important in life and not to obsess over money. I think it also plays well into the Boglehead mindset of simplicity and staying the ...
by Nozzle
Thu May 09, 2013 1:23 pm
 
Forum: Investing - Theory, News & General
Topic: Great "investing" article
Replies: 8
Views: 2078

Re: Dave Ramsey and 7%

I never did a budget in my life. So you're single? :) One thing Dave teaches is that most marriages have one nerd and one "free spirit". I am definitely the nerd (saver, budget-conscious) whereas Mrs. Nozzle is... um, not. The only reason we have a budget is because she needs financial bo...
by Nozzle
Fri Apr 19, 2013 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey and 7%
Replies: 46
Views: 8905

Re: Do billionaires use Vanguard?

If I was a billionaire, I would believe I am better at creating wealth than through standard index investing. How else would I have become a billionaire in the first place? Inheritance 8-) In index funds, no, this could not happen. But in individual stocks, sudden moves of $100M or more could be a ...
by Nozzle
Wed Apr 17, 2013 7:28 pm
 
Forum: Investing - Theory, News & General
Topic: Do billionaires use Vanguard?
Replies: 31
Views: 4592

Re: Help me manage a $7 million portfolio.

Another reason to do this: Using an experienced 3rd party removes you from all responsibility. "Never do business with friends or relatives, as you will lose your friends and you can't get rid of your relatives." If things go wrong, you will get blamed. It doesn't matter what caused it, o...
by Nozzle
Wed Apr 17, 2013 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me manage a $7 million portfolio.
Replies: 105
Views: 13107

Re: Putting privately-held company stock into a Roth IRA

On another note, it's a bit dangerous to own too much of the company you work for, for obvious reasons. What dangers should I be looking out for? Your in danger of specific company risk. There are a lot of events that can affect a single company that won't affect the stock market as a whole. For ex...
by Nozzle
Fri Apr 12, 2013 12:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 1557

Re: Putting privately-held company stock into a Roth IRA

Thanks for all your input. Sounds like there are a couple things working against my idea: 1) already owning the shares outside an IRA and 2) being employed at that company. There is too much legwork, cost and inherent risk involved in going this route. I guess paying capital gains on a post-IPO stoc...
by Nozzle
Fri Apr 12, 2013 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 1557

Re: Putting privately-held company stock into a Roth IRA

If you have any ownership or relationship to the business, there will be restrictions on what you can do/buy. Beginning in June I will be an employee of this company (again). Sounds like that might complicate things a bit. I've been reading up on self-directed IRAs and will research it further. Tha...
by Nozzle
Thu Apr 11, 2013 8:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 1557

Re: Putting privately-held company stock into a Roth IRA

Thanks for the reply!
Alan S. wrote:... you can make the contribution in cash and then buy the shares in your Roth.

If I already own the shares how to I buy them again? Are you saying I can use cash inside the Roth to buy an asset outside the Roth even if I own it?
by Nozzle
Thu Apr 11, 2013 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 1557

Putting privately-held company stock into a Roth IRA

Is it possible to transfer stock I own in a privately-held company into a Roth IRA? If so, how would its current market value be determined? My idea is to put shares into the Roth in anticipation of the company's IPO, resulting in significant tax-free gains when the shares are eventually sold. Since...
by Nozzle
Thu Apr 11, 2013 4:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting privately-held company stock into a Roth IRA
Replies: 11
Views: 1557

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