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Re: Have any of you dollar cost averaged in over 5 years

To me, risk means being somewhere other than my desired allocation. DCA increases this risk, and the longer we spread out the DCA, the more risk we're taking on.
by Rrolack
Wed Jan 01, 2014 4:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have any of you dollar cost averaged in over 5 years
Replies: 38
Views: 2352

Re: Desired portfolio size at retirement?

Should we all have as large a desired portfolio as possible? Give me an option of $100MM+ and I'll choose it.
by Rrolack
Wed Jan 01, 2014 3:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Desired portfolio size at retirement?
Replies: 41
Views: 3426

Re: Strategy for investing in a high-tax investment

Noobvestor, the fund is actually offered by my employer. I'm very familiar with the strategy itself and the performance characteristics/history.

Livesoft, I agree that I shouldn't be looking for opportunities to lose money on purpose :)
by Rrolack
Sat Aug 24, 2013 11:20 pm
 
Forum: Investing - Theory, News & General
Topic: Strategy for investing in a high-tax investment
Replies: 4
Views: 475

Strategy for investing in a high-tax investment

Hi folks, I have the opportunity to make an investment in a hedge fund vehicle. The investment itself is a good one, but one issue is that all of the gains (or losses) it generates would be short-term capital gains/losses. I'm in the highest tax bracket and live in NYC, so my total tax rate is aroun...
by Rrolack
Sat Aug 24, 2013 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: Strategy for investing in a high-tax investment
Replies: 4
Views: 475

Re: Pay off low-interest student loan (2.875%)?

retiredjg, My tax-advantaged space is 100% bonds, and I've been maxing out 401(k) contributions since my career started, so I don't think I can do too much better here. My allocation is also more conservative than most for my age, in part because I'm in a volatile industry, where that volatility is ...
by Rrolack
Sun Jan 27, 2013 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off low-interest student loan (2.875%)?
Replies: 23
Views: 1625

Re: Pay off low-interest student loan (2.875%)?

Thanks for the advice guys. With everything said, I'm leaning toward paying off the loan. While it sounds like there is some lost optionality to doing this, the mental distraction of continuing to weigh the pay-off vs. don't-pay-off decision into the future, monitoring bond rates, etc. doesn't seem ...
by Rrolack
Sun Jan 27, 2013 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off low-interest student loan (2.875%)?
Replies: 23
Views: 1625

Re: Pay off low-interest student loan (2.875%)?

If I don't own a home now, is it right that, even if I wanted to "roll" the student loan into my mortgage, there is no need to hold the student loan until I get the mortgage? That is to say: I could pay off the student loan now, and get a larger mortgage later than I would have, had I not ...
by Rrolack
Sat Jan 26, 2013 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off low-interest student loan (2.875%)?
Replies: 23
Views: 1625

Re: Pay off low-interest student loan (2.875%)?

Thanks for the reply G-Money. The loan amount is under 2% of our net-worth, so we won't miss the liquidity. No other debt. We don't own a home, but there is a good chance we will in the next few years. If we bought a home, I assume the interest rate would be well above 2.875%? That said, I realize t...
by Rrolack
Sat Jan 26, 2013 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off low-interest student loan (2.875%)?
Replies: 23
Views: 1625

Pay off low-interest student loan (2.875%)?

My wife has a student loan of 2.875% This is a great rate, and I was originally not inclined to pay off the loan. However, our income is high enough that the interest is non-tax-deductible, and this will likely be the case every year from here out. So in that sense, the rate is not as low at it look...
by Rrolack
Sat Jan 26, 2013 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay off low-interest student loan (2.875%)?
Replies: 23
Views: 1625

Any downside to being a mortgage co-borrower in this case?

My wife and I own a house that my wife's mother lives in. Currently, she is the sole owner (the house was purchased before we married), and I am not on any of the documents. We are considering refinancing the loan, though with my wife's income alone, she may not qualify for a refi. With my income, w...
by Rrolack
Sun Oct 21, 2012 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any downside to being a mortgage co-borrower in this case?
Replies: 2
Views: 389

Re: Should I Rent or Buy? 23, Secure Job, Single

I didn't read your post or the other replies. Just from the title of your post alone, you should rent.
by Rrolack
Wed May 09, 2012 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I Rent or Buy? 23, Secure Job, Single
Replies: 55
Views: 2807

Re: How often have you goofed and placed an incorrect order?

Back in 2000, I was running a successful penny-stock daytrading strategy.

I once doubled down on a stock rather than closing out the position; by the time I'd realized my mistake (~15 minutes later), a $1000 gain had turned into a $7000 loss.
by Rrolack
Thu Mar 29, 2012 12:12 am
 
Forum: Investing - Theory, News & General
Topic: How often have you goofed and placed an incorrect order?
Replies: 46
Views: 2595

Re: Why would anyone buy hedge funds?

If the pension fund manager continually picks loser hedge funds, can't he be sued for breach of his fiduciary duty? (Well, that's a dumb question, of course he can be sued). But, how often does it happen and when it does, how often is the pension fund manager found liable?? My guess would be: pensi...
by Rrolack
Sat Dec 17, 2011 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy hedge funds?
Replies: 37
Views: 2404

I think we need a few more options:

>50K
>25K
>10K


Seriously though; in before lock.
by Rrolack
Sat Feb 26, 2011 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: In the spirit of "Shared Sacrifice"
Replies: 16
Views: 1106

For many of us, 401(k) withdrawal taxes will be in the tens of thousands. Unless you routinely ignore other items of this size in calculating net worth, I don't see how you ignore this one. There is a big difference between money in the bank and money in a 401(k). As for calculating the after-tax va...
by Rrolack
Mon Feb 21, 2011 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you factor in future taxes when calculating net worth?
Replies: 24
Views: 2906

Bonds in tax-deferred? I can't convince myself.

Hi Folks, On the forums and on the Bogleheads wiki, I'm constantly hearing that it's most tax efficient to allocate bonds to tax-deferred vehicles, saving equities for taxable investing. For some reason, I'm having a hard time convincing myself this is true. I can see that it's clearly true in a sin...
by Rrolack
Wed Jan 12, 2011 12:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds in tax-deferred? I can't convince myself.
Replies: 3
Views: 945

I highly recommend buying used; you get much more for your dollar. This is the main trading post: http://www.audiogon.com/
by Rrolack
Tue Jun 15, 2010 12:58 am
 
Forum: Personal Consumer Issues
Topic: Best Floorstanding Speakers for $1200?
Replies: 36
Views: 5168

I have a stereo that cost $8k; all of the equipment was purchased used. I listen to it every day, and it sounds great.
by Rrolack
Fri May 14, 2010 9:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What Expensive Things Do/Did You Own?
Replies: 111
Views: 12849

The salesman didn't sell you the product because it's not available in the store. It's no problem of yours; if the salesman doesn't like the situation, he can take it up with Costco.
by Rrolack
Sat May 01, 2010 1:35 am
 
Forum: Personal Consumer Issues
Topic: Are we robbing from a commissioned salesperson?
Replies: 15
Views: 2869

If they're offering you less than what you made before, why would they think you'd accept? Are they aware of your current compensation?
by Rrolack
Fri Apr 02, 2010 2:00 am
 
Forum: Personal Finance (Not Investing)
Topic: salary negotiation - tips?
Replies: 12
Views: 1911

Do you have a plan for the case where your parents default on their loan and you've lost your job? Why do your parents feel the need to buy, rather than to continue renting? If you're working on a tight timetable, as you said you are, it's much easier to find a rental in two weeks than it is to exec...
by Rrolack
Mon Nov 09, 2009 2:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice on whether I should co-sign for a parent...
Replies: 55
Views: 6071

I once put in a six-figure buy order for a VG fund that was similar to the one I wanted, but wasn't exactly the right one. I wanted the Intermediate Term Bond Index, but I accidentally bought Intermediate Term Investment Grade. The order was placed on a Saturday. Later that day, I realized the mista...
by Rrolack
Sat Nov 07, 2009 1:48 am
 
Forum: Investing - Theory, News & General
Topic: VG will not cancel the order
Replies: 97
Views: 10687

To be honest, I never understood the point of dollar cost averaging. If I want my money to be at a target allocation, and I'm currently at some other allocation, I want to get to the target allocation now. If I instead move to the target over a period of time, that only means that my money is sub-op...
by Rrolack
Mon Nov 02, 2009 9:20 am
 
Forum: Investing - Theory, News & General
Topic: Dollar Cost Averaging! Where did we go wrong?
Replies: 32
Views: 7080

I'm about your age (27), and my 401k and IRA accounts are also 100% equities. One thing I'll mention is that, as far as foreign stocks go, it might be worth making sure you have both developed and emerging markets exposure.

Outside of retirement funds, I hold much less than 100% equities.
by Rrolack
Wed Oct 07, 2009 11:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a 24 year old
Replies: 12
Views: 2011

As a relatively recent MIT grad, I figured I'd say a few things. When I first got to MIT, my inclination was that I would study a hard science. That changed during freshman year, when I decided I wanted to pursue an economics or finance-related career. While I was at MIT, I worked with a prof on a p...
by Rrolack
Wed Sep 30, 2009 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Engineering Degree - MIT vs UW Madison
Replies: 280
Views: 33894

Unless you are managing huge numbers of passwords, I think these password tools aren't that useful. It's sort of a manufactured need for most people. Passwords are like keys, and you hang your keys on a hook next to the front door. I try to use the same passwords for as many things as possible, and...
by Rrolack
Mon Sep 28, 2009 7:43 am
 
Forum: Personal Consumer Issues
Topic: Do you use a password vault?
Replies: 75
Views: 9726

The Dow Jones Industrial Average is a poorly constructed index. The price-weighting of stocks makes no sense; when a stock splits 2:1, the fund needs to cut its holding in that stock by half.
by Rrolack
Sat Sep 05, 2009 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Poorly Constructed Indices - Examples?
Replies: 10
Views: 1706

I'm against it. Typically, restaurants already provide this information. Just ask for it. This is just another feel good law that will make it more expensive to do business in California. For restaurants that already have this information, there aren't any costs involved, except those for printing ...
by Rrolack
Thu Aug 20, 2009 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Will you eat out again?
Replies: 57
Views: 6194

If you don't think you need the calorie counts to determine what's healthy on a menu, consider this: the salads at California Pizza Kitchen have more calories than the pizzas. You can see this on the menus in their NYC restaurants.
by Rrolack
Thu Aug 20, 2009 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Will you eat out again?
Replies: 57
Views: 6194

I believe that in many states, if a piece of property is jointly owned, and one of the parties wants to sell, the courts will force the property to be sold.

See the attached link:

http://www.palmbeachpost.com/business/c ... 28_vc.html
by Rrolack
Mon Aug 17, 2009 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found Money
Replies: 13
Views: 2615

It seems like people want it both ways: if your account rises above $1m due to market conditions, commissions should be cut from $13 to $9, but if your account drops below $1m for the same reasons, commissions shouldn't be raised from $9 to $13. If this were the case, people who had $1m worth of tec...
by Rrolack
Sun Aug 09, 2009 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Schwab quietly changed commissions on me
Replies: 11
Views: 1787

How much did an MRI cost in 1934?
by Rrolack
Fri Jul 31, 2009 8:50 pm
 
Forum: Personal Consumer Issues
Topic: Medical inflation
Replies: 31
Views: 3788

Do what people always do when capital gains rates go up: don't sell until they go back down.
by Rrolack
Tue Jul 14, 2009 10:31 pm
 
Forum: Investing - Theory, News & General
Topic: If Capital Gains goes from 15% to 24%?
Replies: 21
Views: 2812

Emerging

I think you have to look at the United States in the early 1800s as an emerging market, one that you'd never have put all your money into anyway. It's pretty obvious that if you buy stocks in a country that ends up being the world's biggest economy 200 years later, you make out pretty well.
by Rrolack
Tue Jul 14, 2009 12:48 am
 
Forum: Investing - Theory, News & General
Topic: Does Market Data Go Back 200 Years?
Replies: 7
Views: 1311

In general I support non-unionized workers, and this weighs into my decision about what cars to test drive.
by Rrolack
Sat Jul 11, 2009 1:45 am
 
Forum: Personal Consumer Issues
Topic: Buying an American-Made/American Based automobile...
Replies: 64
Views: 7778

They do that so they can show you more ads.
by Rrolack
Wed Jun 24, 2009 10:23 pm
 
Forum: Personal Consumer Issues
Topic: America's 15 Most Recession-Resistant Cities
Replies: 6
Views: 1617

Here's a related question: if you stay in a hotel for one night, do you tip the housekeeping staff? Many people in this thread say they tip for personal service, but if you stay for only a night, the housekeeping staff does nothing while you're there; they clean the room before you get there, and af...
by Rrolack
Sat Jun 13, 2009 1:31 pm
 
Forum: Personal Consumer Issues
Topic: Tipping the housekeeping staff at hotels?
Replies: 79
Views: 12511

As far as the charitable aspect is concerned, rather than paying for a life insurance policy to create a charitable windfall, they would be better off just taking whatever money the policy costs and donating that to charity directly.
by Rrolack
Sat Jun 06, 2009 2:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for Parents
Replies: 1
Views: 608

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