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Re: Save for 25 years = $1million?

A nephew is 25 years of age, no college, good job with fairly good pay at a Fortune 500 company. He works hard and they like him; he had received several raises and promotions. He is not yet married and has no children. At a recent family gathering, he asked me how much he would have to save each m...
by StormShadow
Mon Apr 14, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Save for 25 years = $1million?
Replies: 22
Views: 4003

Re: 31 yr old w/ $500k @ EdwardJones

Thanks for all the replys. I have quite a bit of reading to do. All the funds were front loaded. I'm pretty sure they were all in the 5.75% range and an expense ratio around .8%??? It's possible I could be mistaken. EJ is not completely transparent with the fees charged. I feel sick that I neglecte...
by StormShadow
Fri Apr 04, 2014 12:08 am
 
Forum: Investing - Help with Personal Investments
Topic: 31 yr old w/ $500k @ EdwardJones
Replies: 26
Views: 3559

Re: "Gold to tank in 2014: Goldman Sachs"

Browser wrote:Maybe this prediction will be right. I've been looking for someone with a crystal ball that works.

I had a broken watch once. It still told the correct time twice a day! :beer
by StormShadow
Fri Mar 14, 2014 11:39 am
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 6834

Re: Which order of stocks to liquidate to pay bills?

So I'm running a little short this coming April on paying all of our bills (mostly due to my annual term life premium becoming due)... so the DW wants me to liquidate some of our taxable holdings to pay this instead of dipping into the emergency fund. Isn't this scenario exactly what the emergency ...
by StormShadow
Wed Mar 12, 2014 12:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Which order of stocks to liquidate to pay bills?
Replies: 7
Views: 702

Which order of stocks to liquidate to pay bills?

So I'm running a little short this coming April on paying all of our bills (mostly due to my annual term life premium becoming due)... so the DW wants me to liquidate some of our taxable holdings to pay this instead of dipping into the emergency fund. Question: Should I just liquidate via first in/f...
by StormShadow
Mon Mar 10, 2014 9:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which order of stocks to liquidate to pay bills?
Replies: 7
Views: 702

Re: Tipping for take out

I have never ordered take-out from a sit-down restaurant before, but if I did, I wouldn't tip. In sit-down restaurants, I always sit-down and eat. If I want takeout, I go to typical take-out places (McDonald's, etc). I'm surprised at this! We get take out from places that also offer sit-down quite ...
by StormShadow
Fri Mar 07, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tipping for take out
Replies: 57
Views: 4579

Re: The Oscars

topper1296 wrote:My vote goes to Bill Murray including Harold Ramis as a nominee.

+1 This :beer

Ghostbusters and Groundhog Day are two of my all-time favorite films.
Bedazzled and Year One always produce a chuckle.
Vacation and Caddyshack are classics, but I can't stand Chevy Chase.
by StormShadow
Mon Mar 03, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: The Oscars
Replies: 25
Views: 1518

Re: Risky investment with a "guaranteed" principal return

I wouldn't touch this with a 10 foot pole.
by StormShadow
Mon Mar 03, 2014 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Risky investment with a "guaranteed" principal return
Replies: 55
Views: 3359

Re: Good Russian ETF

I'd consider shorting russian auto insurance.

Yeek, they have a lot of really bad drivers. :shock:
by StormShadow
Mon Mar 03, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Good Russian ETF
Replies: 15
Views: 1320

Re: Format of webpage

I'm all discombobulated! :(
by StormShadow
Mon Mar 03, 2014 10:46 am
 
Forum: Forum Issues and Administration
Topic: Format of webpage
Replies: 10
Views: 693

Re: When to consider legal action for expensive 403(b) optio

To the university's credit, they do offer VINIX (Vanguard S&P500 index fund institutional shares with an ER of 0.04%). At least with 401K's my understanding is that they often add one good fund like this to make it very hard to be sued for having other bad funds in the 401K. That is sort of lik...
by StormShadow
Sat Mar 01, 2014 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider legal action for expensive 403(b) options?
Replies: 10
Views: 673

Re: When to consider legal action for expensive 403(b) optio

Public employers are not subject to ERISA which has a fiduciary standard. Remedies are limited to those available under state law. Many states prohibit law suits against government entities under the doctrine of sovereign immunity or do not consider 403b plans to be retirement plans under state law...
by StormShadow
Sat Mar 01, 2014 6:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider legal action for expensive 403(b) options?
Replies: 10
Views: 673

Re: When to consider legal action for expensive 403(b) optio

On Dec 18, 2013 LRSCX plummeted by 21.2% and Dec 19, 2013 JDPAX went down by 13.3%. There is no explanation for why this happened in the letter that was sent out to us about the portfolio changes. There is nothing in a Morningstar chart of these ticker symbols to show these plummets, so I would sug...
by StormShadow
Sat Mar 01, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider legal action for expensive 403(b) options?
Replies: 10
Views: 673

When to consider legal action for expensive 403(b) options?

Recently the retirement benefit director for our university hospital notified us that our benefits committee decided to discontinue offering two expensive mutual funds and replace them with two similarly expensive mutual funds. The retirement funds are managed by Prudential. The official reason for ...
by StormShadow
Sat Mar 01, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to consider legal action for expensive 403(b) options?
Replies: 10
Views: 673

Re: harvard med school vs. penn med+full tuition scholarship

Congratulations!

Just a prediction, but I think you will never ever regret this decision. :beer
by StormShadow
Tue Feb 25, 2014 12:54 am
 
Forum: Personal Finance (Not Investing)
Topic: harvard med school vs. penn med+full tuition scholarship
Replies: 115
Views: 9957

How to convince family and friends to use Boglehead Method?

Ask if they like to make money or if they prefer to give it away to people that say they are making them money.
by StormShadow
Sat Feb 22, 2014 3:57 pm
 
Forum: Investing - Theory, News & General
Topic: How to convince family & friends to use Boglehead Method?
Replies: 61
Views: 4209

Re: First Roth IRA

I opened the Vanguard account and put down $5,500 down for the 2013 contribution period. :beer Cheers, welcome to the club. 1. Should I appropriate my funds to the target retirement year or should I select individual funds? Either one sounds good to me. 2. Should I put down at least $10,000 ($5,500...
by StormShadow
Wed Feb 19, 2014 7:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Roth IRA
Replies: 18
Views: 1214

Re: Skip IRA for 1 year to buy engagement ring

DonCamillo wrote:Has anyone else reading this forum noticed that while Bogleheads is a great place to get financial advice, it is a terrible place to get romantic advice?

Boglehead alternative to the engagement ring? A used copy of Atlas Shrugged.
by StormShadow
Wed Feb 19, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7340

Re: Skip IRA for 1 year to buy engagement ring

I really don't think its unreasonable for her to want a traditional diamond engagement ring. I do. Hence the synthetic diamond route. 8-) Watch Blood Diamond, and remind her how synthetic stones are conflict free. Since they are indistinguishable from natural diamonds, your wife will still have the...
by StormShadow
Wed Feb 19, 2014 12:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7340

Re: What to do when a parent's money runs out?

http://www.forbes.com/sites/timworstall/2012/03/22/alcohol-obesity-and-smoking-do-not-cost-health-care-systems-money/ No offense, but that article is pretty stupid. For those that haven't read it (don't bother), it basically argues that people with unhealthy habits cost society less money because t...
by StormShadow
Tue Feb 18, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 135
Views: 15226

Re: Skip IRA for 1 year to buy engagement ring

NaOH wrote:If a clear white stone is required, you could look into moissanite - synthetic, similar hardness/fire as a diamond, and much, much more reasonable.

Two words: synthetic diamond. Get the best of both worlds. :beer
by StormShadow
Tue Feb 18, 2014 9:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7340

Re: Skip IRA for 1 year to buy engagement ring

I haven't thought much about budget yet. She's been asking to go ring shopping, and I plan on marrying her, but I'm afraid that if I sit down and talk to her about finances she will see that I could easily afford to buy her a ring if I put retirement savings on the back burner for a year and she wi...
by StormShadow
Tue Feb 18, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 152
Views: 7340

Re: First Roth IRA

A Roth seems like the no-brainer choice to me. 1) You can tax shelter more money. 2) Your tax rate right now is pretty low. 3) In the nearer term, you could potentially withdraw your contributions (but not earnings) penalty free if things got desperate, and in the longer term you can avoid RMDs wit...
by StormShadow
Tue Feb 18, 2014 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Roth IRA
Replies: 18
Views: 1214

Re: Investing advice for a 14 yr old

I briefly flipped through this while at a book store, but it looks like it would be appropriate for a 14 year old.

Investing Made Simple: Index Fund Investing and ETF Investing Explained in 100 Pages or Less
by Mike Piper
by StormShadow
Sat Feb 08, 2014 5:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing advice for a 14 yr old
Replies: 5
Views: 328

Re: Investing advice for a 14 yr old

Give him a copy of "The Richest Man in Babylon".

Other books to consider...

The Little Book of Common Sense Investing
Dilbert and the Way of the Weasel
Bogleheads Guide to Investing
by StormShadow
Sat Feb 08, 2014 4:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing advice for a 14 yr old
Replies: 5
Views: 328

Re: 401(k) Financial Security Insight - Young Professional

This is what I'd do. Your 401k, I'd invest only between these five (or possibly only the first three) funds: VANG TOT INTL STK IP, VTPSX, 0.10% (Foreign Stock Investments) VANG TOT BD MKT IS PL, VBMPX, 0.05% (Intermediate – Term Bond Investments) VANG INST INDEX PLUS, VIIX , .02% (Large Cap) VANG MD...
by StormShadow
Tue Jan 28, 2014 12:34 am
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) Financial Security Insight - Young Professional
Replies: 10
Views: 967

Re: New Boglehead: How am I doing with my windfall?

Thinking about my AA though, what is the thinking on a windfall at my age of this size and not staying pretty aggressive? It just kinda feels like I'm young enough that I may as well gain off it aggressively now considering how much time I have for interest to compound and until I get married/have ...
by StormShadow
Tue Jan 28, 2014 12:23 am
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead: How am I doing with my windfall?
Replies: 13
Views: 1982

Re: Please help with 401K fund selection

Yes contribute to the 401k up to the match. Free money. Yes then max out the rIRA: 5,500 for 2014. I would just go Wellington. Its the cheapest. Has some diversification. And is the cheapest. For the minimal money, it doesn't make any difference. Contributions matter so much more right now. +1 Cont...
by StormShadow
Sun Jan 26, 2014 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help with 401K fund selection
Replies: 11
Views: 408

Re: Physician starting out, want to do it right

live like a resident for five years. +1 Also... * Paying down those student loans is a nice guaranteed return. Take advantage of it. * Umbrella insurance is cheap and, imo, a necessity if you are in a high income tax bracket. * Build up your emergency fund to at least 6 months. Use a high interest ...
by StormShadow
Sun Jan 26, 2014 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Physician starting out, want to do it right
Replies: 16
Views: 2025

Re: Good/ enjoy math, but dislike programming: College major

Forgot to give a +1 for information sciences. Extremely practical degree and would make you instantly employable. Start some sort of on-the-job training ASAP (via summer internship or whatever). This applies to any job. For someone with an interest in mathematics, I still think economics makes sense...
by StormShadow
Mon Jan 13, 2014 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3210

Re: Good/ enjoy math, but dislike programming: College major

+1 to accounting, economics and actuarial sciences.

Neutral on finance, as I feel you can learn this on your own (read: CFA, CFP).
by StormShadow
Sun Jan 12, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3210

Re: 'Play' Money

I use my play money to buy gold.

Its shiny. :mrgreen:
by StormShadow
Sat Jan 11, 2014 3:41 pm
 
Forum: Investing - Theory, News & General
Topic: 'Play' Money
Replies: 95
Views: 6217

Re: The Funniest Movie Ever

+1 to the following already mentioned... :mrgreen: Princess Bride - Inconceivable! Galaxy Quest Groundhog Day Trading Places Office Space Other films that made me chuckle... :wink: Sneakers Go Ghostbusters Beetlejuice Clue Ferris Bueller's Day Off Raising Arizona Romancing the Stone Dave Dirty Rotte...
by StormShadow
Fri Jan 03, 2014 11:23 pm
 
Forum: Personal Consumer Issues
Topic: The Funniest Movie Ever
Replies: 201
Views: 10637

Re: Becoming a CFP . . .

My thoughts... get a CFA instead.

A much tougher and more respectable degree. Plus no work requirement to sit for the exam.

No guts, no glory. :wink:
by StormShadow
Fri Jan 03, 2014 3:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 1978

Re: Bogleheads 2014 Hedge fund contest

Awwww... I missed registration for the Hedge fund contest again! :oops:

Any possibility that registration can be extended another 24 hours or so? :(
by StormShadow
Fri Jan 03, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Bogleheads 2014 Hedge fund contest
Replies: 132
Views: 8757

Re: Which Med school?

As a young physician in fellowship, I would suggest the cheapest option. You learn the exact same information from the exact same text books at every school in the nation. Everyone takes the same board exams(USMLE). I would so much prefer not to have loans. +1 Also a fellow and also suggest going w...
by StormShadow
Thu Dec 26, 2013 2:27 pm
 
Forum: Personal Consumer Issues
Topic: Which Med school?
Replies: 137
Views: 10672

Re: Target Credit/Debit Card Hacks - what to do?

Just found out my sister had over $1,000 charged at a shop in Italy. :oops: She doesn't own a RedCard, but did shop several times at Target during the indicated dates using a Bank of America credit card. That's pretty poor fraud detection on BofA's part unless your sister makes a habit of overseas ...
by StormShadow
Mon Dec 23, 2013 1:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Target Credit/Debit Card Hacks - what to do?
Replies: 94
Views: 5927

Re: Movie night in recommendations

* Mulholland Drive :thumbsup And multiple viewings is a must. I truly enjoyed subsequent viewings more than the first. Something about being able to relax and not try so hard to follow it, although reading one of the many plot explanations on the internet is both helpful and interesting. Yeah, I re...
by StormShadow
Mon Dec 23, 2013 1:09 am
 
Forum: Personal Consumer Issues
Topic: Movie night in recommendations
Replies: 269
Views: 19793

Re: Target Credit/Debit Card Hacks - what to do?

I too have my debit card (Red card) linked to my WellsFargo acct. RED card debit card requires a PIN. PINs weren't stolen. Nothing to worry about. I wouldn't be so sure of that. http://www.fox19.com/story/24269704/woman-says-her-moneys-gone-after-target-breach http://www.cnn.com/video/data/2.0/vide...
by StormShadow
Mon Dec 23, 2013 12:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Target Credit/Debit Card Hacks - what to do?
Replies: 94
Views: 5927

Re: Should I move to California from Midwest?

Nothing wrong with Kansas schools... Look up Blue Valley school district in Overland Park, KS (where I live)... Very good schools here... +1. Johnson County, KS has an excellent public education system. KU had a solid undergraduate and medical school, and both would be less expensive to attend. Als...
by StormShadow
Sun Dec 22, 2013 4:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 7638

Re: Target Credit/Debit Card Hacks - what to do?

I too have my debit card (Red card) linked to my WellsFargo acct. RED card debit card requires a PIN. PINs weren't stolen. Nothing to worry about. I wouldn't be so sure of that. http://www.fox19.com/story/24269704/woman-says-her-moneys-gone-after-target-breach http://www.cnn.com/video/data/2.0/vide...
by StormShadow
Sun Dec 22, 2013 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Target Credit/Debit Card Hacks - what to do?
Replies: 94
Views: 5927

Re: Buy on dips or dollar cost average?

Johm221122 wrote:I would put it in my AA all at once according to my investment plan
John

+1

Figure out your AA. Set it and forget it.
by StormShadow
Sun Dec 22, 2013 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: Buy on dips or dollar cost average?
Replies: 49
Views: 3660

Re: Got my first gold bullion coin!

Formulate a strategy and execute it. If your goal is to have a couple shiny items, get a couple shiny items and be done with it. If your goal is to invest in precious metals, understand what the investment will (and won't!) do, how it will fit into your overall finances, maybe bounce it against the...
by StormShadow
Thu Dec 19, 2013 1:06 am
 
Forum: Personal Consumer Issues
Topic: Got my first gold bullion coin!
Replies: 37
Views: 3093

Re: Got my first gold bullion coin!

And +1 to keeping quiet about the coins - you don't want some neighbor kid or relative with a methamphetamine addiction breaking into your house in search of Scrooge McDuck's hoard. In many cases, the thieves don't "search" for the coins. They bring guns & ski masks, and torture/kill ...
by StormShadow
Thu Dec 19, 2013 12:24 am
 
Forum: Personal Consumer Issues
Topic: Got my first gold bullion coin!
Replies: 37
Views: 3093

Re: Got my first gold bullion coin!

If it's sealed in the original plastic sleeve (hard or soft?), I would probably just keep it in there - don't toss it around, though. You may also consider an acrylic coin holder like these: Air-Tites . Avoid the flexible soft PVC coin holders - over time, the chemicals in the PVC will leave this w...
by StormShadow
Thu Dec 19, 2013 12:20 am
 
Forum: Personal Consumer Issues
Topic: Got my first gold bullion coin!
Replies: 37
Views: 3093

Re: Got my first gold bullion coin!

Excellent! They are pretty to look at, and nice and hefty :D Remember that the gold Maple Leafs are .9999 gold (24 karat), so they are soft and scratch easily. Keep it protected! Right now, its just held in a plastic sleeve. Are there any particular cases you recommend? If it rattles around in a pl...
by StormShadow
Wed Dec 18, 2013 11:14 pm
 
Forum: Personal Consumer Issues
Topic: Got my first gold bullion coin!
Replies: 37
Views: 3093

Got my first gold bullion coin!

The DW got me a beautiful 1 oz Canadian maple leaf as a birthday present the other day (thanks honey! :mrgreen: ). But since the price of gold is continuing to slip, I'm feeling the urge to get another one! :shock: This time an American gold eagle! Do I have gold fever? Should I compromise and inste...
by StormShadow
Wed Dec 18, 2013 10:52 pm
 
Forum: Personal Consumer Issues
Topic: Got my first gold bullion coin!
Replies: 37
Views: 3093

Re: Best new car-under $30K

jsl11 wrote:Honda Accord EX or Toyota Camry XLE. These are two of the best cars on the road today.
Jeff

+1

Drive a Camry XLE and love it. :beer
by StormShadow
Wed Dec 11, 2013 5:40 pm
 
Forum: Personal Consumer Issues
Topic: Best new car-under $30K
Replies: 44
Views: 4015

Re: What does "Front-end load portfolio" mean

What does your prospectus say? All of your "front load" information should be in there.

Are you using a financial planner? If so, you need to clarify with them what they mean by "front end load portfolio".
by StormShadow
Wed Dec 11, 2013 5:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: What does "Front-end load portfolio" mean
Replies: 14
Views: 1005
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