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Re: Great Finance History Book

lazyday wrote:Thanks for the response.

Just bought Thinking Fast and Slow $3, thanks nisi.


Working through this one myself lately. It's excellent. :-)
by TimesAWastin
Thu Apr 03, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: Great Finance History Book
Replies: 33
Views: 4167

Re: Morningstar X-ray tool is not accurate?

I ran a quick instant x-ray on those two funds, 50/50.

60% x 50% + 35% x 50% = 47.5% bonds would be expected.

Result: 37% US Stocks, 13% Foreign Stocks, 48% bonds, 2% cash, 1% other.

Looks to me to be about right.
by TimesAWastin
Thu Apr 03, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Morningstar X-ray tool is not accurate?
Replies: 4
Views: 370

Re: And suddenly, I'm done...

Cut-Throat wrote:Congrats on your Retirement! :happy

Well, retirement from stressing about the structure of our savings.. I've still got another 30-35 years of working to go. ;-) But at least now I can focus on that instead.

Cut-Throat wrote:Ours was this year also!

But congratulation on yours nevertheless! :-D
by TimesAWastin
Thu Apr 03, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: And suddenly, I'm done...
Replies: 24
Views: 4972

And suddenly, I'm done...

Not a question or anything, just sharing a fleeting feeling of accomplishment. At the start of the year, and after having gathered feedback from Bogleheads on various financial questions I had, I laid out a plan to restructure our retirement, savings, and other finances. There was a lot to do: pay o...
by TimesAWastin
Thu Apr 03, 2014 12:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: And suddenly, I'm done...
Replies: 24
Views: 4972

Re: Boglehead Cruise Line Preference

I've only been on one cruise and it was a Princess cruise from Seattle to Alaska and back. I'd do it again and again and again, it was wonderful. We got tickets at the last minute for a great discount; it was actually cheaper to go on the 10-day cruise and pay for storage rental, than to pay month-t...
by TimesAWastin
Thu Apr 03, 2014 12:14 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Cruise Line Preference
Replies: 57
Views: 6607

Re: Fibonacci numbers: has Cramer lost his mind?

Nostradamus predicted it:

In the age of the vague reference
The other one takes no meaning
Forget what you knew


:oops:
by TimesAWastin
Thu Apr 03, 2014 11:23 am
 
Forum: Investing - Theory, News & General
Topic: Fibonacci numbers: has Cramer lost his mind?
Replies: 20
Views: 1821

Re: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"

Just finishing up Lewis' The Big Short. Very much looking forward to Flash Boys.. thanks for posting this! :-)
by TimesAWastin
Mon Mar 31, 2014 11:18 am
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 2538

Re: Winners of 2013: Boring Investors

Just happen to stumble across this old thread - as I've been wondering if my Wellesley VWINX was the right way to go for it's cushion of bonds in the bad times.... vs going more into the equity casino with Wellington VWELX. Seems a little tilted with Wellington being a 70/30 mod alloc fund and turn...
by TimesAWastin
Fri Mar 28, 2014 11:34 pm
 
Forum: Investing - Theory, News & General
Topic: Winners of 2013: Boring Investors
Replies: 14
Views: 2607

Re: New Housing Bubble and upcoming cycle peak

Out here in west Los Angeles it is out of hand. There's a neighborhood that's been in development since 2005/2006 called Playa Vista. I rented there for a couple years but last year they wanted to jack up my rent by 8%, so I moved. In 2007 they had to stop development of the area, because 2007, so f...
by TimesAWastin
Fri Mar 28, 2014 11:50 am
 
Forum: Investing - Theory, News & General
Topic: New Housing Bubble and upcoming cycle peak
Replies: 74
Views: 6385

Re: Why did Bond Funds take a beating...

jackpistachio wrote:Who knows what yields lurk in the minds of the Fed? The Market knows! :twisted:

Wonderful. Memories of Sunday nights working the midnight shift at a gas station, the local classic rock radio station would play classic radio plays for a few hours.
by TimesAWastin
Thu Mar 20, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: Why did Bond Funds take a beating...
Replies: 39
Views: 3574

Re: No Foreign Transaction Fee, No Annual Fee

Schwab refunds international ATM fees on debit cards.. that's an option as well.
by TimesAWastin
Tue Mar 18, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: No Foreign Transaction Fee, No Annual Fee
Replies: 24
Views: 1432

Re: Foreign tax credit, and Roth IRA

Also no tax credit for fund-of-funds, for example holding a target retirement fund which holds total international stock index... no credit there, even in taxable. This changed recently. Funds of funds are now eligible for the foreign tax credit. http://www.bogleheads.org/wiki/Fund_of_funds 2013 fo...
by TimesAWastin
Tue Mar 18, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Foreign tax credit, and Roth IRA
Replies: 7
Views: 372

Re: Wellington Fund Exchange

I felt the need to add this. Maybe because it's late and I'm sleep deprived. As an example, looking at Wellington's distributions you can see that it was not very tax efficient. Let's say you had 1,000 shares of Wellington on 3/26/2013 (value: $35,920). For argument's sake, you bought the fund right...
by TimesAWastin
Tue Mar 18, 2014 3:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund Exchange
Replies: 9
Views: 1151

Re: Wellington Fund Exchange

Wouldn't wellington in taxable get charged tax yearly, as it's a mutual fund and not an ETF? There are taxes paid on distributions for stocks, mutual funds, and ETFs. You might find a stock, mutual fund, or ETF which does not pay any dividends.. that's very rare for funds and ETFs though. Every tim...
by TimesAWastin
Tue Mar 18, 2014 3:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Wellington Fund Exchange
Replies: 9
Views: 1151

Re: Foreign tax credit, and Roth IRA

Nope. To get the tax credit it must be in a taxable account. Also no tax credit for fund-of-funds, for example holding a target retirement fund which holds total international stock index... no credit there, even in taxable.
by TimesAWastin
Tue Mar 18, 2014 2:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Foreign tax credit, and Roth IRA
Replies: 7
Views: 372

Re: Looking for help on 401K

56% - SPTN 500 INDEX ADV (0.05%) 24% - SPTN INTL INDEX ADV (0.12%) 20% - DREY BD MKT IDX BSC (0.15%) (This is 80% stocks and 20% bonds.) Seconded. Also to add the US/International split is 70/30 of equities. Great place to start. Set up your auto-contribution to those, take advantage of an annual r...
by TimesAWastin
Tue Mar 18, 2014 2:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for help on 401K
Replies: 14
Views: 482

Re: Meeting with a financial adviser

Thank you all for your feedback. OP - in order to digest the information in this thread - you will know enough or at least be well on your way to knowing enough - to just manage the portfolio yourself. Yep that pretty much sums it up. :-) So, I had said meeting with the adviser. Very nice guy, seems...
by TimesAWastin
Mon Mar 17, 2014 2:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with a financial adviser
Replies: 45
Views: 4502

Re: Splitting hairs on fund location

Good tips, thank you both. Yeah, over-analyzing things can be fun, as my mountains of spreadsheets for what boils down to a 3-fund portfolio can attest to. ;-) I think the right approach for me is as The Dan suggests. VTSAX in one, VTIAX in the other, for now, and use the 401k to maintain overall ba...
by TimesAWastin
Thu Mar 13, 2014 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Splitting hairs on fund location
Replies: 5
Views: 575

Cost Basis Questions

When a fund has a deferred sales charge, how does that affect the cost basis? I'm looking at a fund which had a sales load. Most of that was up-front but later on down the line when a certain requirement wasn't meant there was an additional sales charge applied. Consider these transactions of a fict...
by TimesAWastin
Wed Mar 12, 2014 8:43 pm
 
Forum: Investing - Theory, News & General
Topic: Cost Basis Questions
Replies: 0
Views: 221

Splitting hairs on fund location

I'm suffering analysis paralysis. The bulk of my savings will be in my 401k. My stock AA is 50/50 US/Non-US. My decision right now is trying to place funds in the appropriate places. My account balances at the moment are not large but large enough that, if I focus on a single fund in each Roth accou...
by TimesAWastin
Wed Mar 12, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Splitting hairs on fund location
Replies: 5
Views: 575

Re: Money issues - people take me for granted

You may be surprised how people react when you set boundaries. Some will flame out and fade away, others will gain respect for you. You'll learn who is worth keeping around.
by TimesAWastin
Tue Mar 11, 2014 1:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Money issues - people take me for granted
Replies: 74
Views: 4934

Re: What do you do if your fun allocation disappears?

It's a good question. I think that there are so many questions about implementation is a hint that it's not an appropriate item to consider in one's allocation. What I decided for myself is that I wouldn't think of such a thing in terms of a percentage allocation of my overall portfolio. The percent...
by TimesAWastin
Mon Mar 10, 2014 7:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you do if your fun allocation disappears?
Replies: 20
Views: 1355

Re: Vanguard Minimum Investment Question

I just thought your expense ratio was a percent taken out of your balance irregardless of how much you had. Can you explain? I just started investing a month ago and am still learning simple concepts. Thanks. That's not exactly how it works. A load fee is something which is taken out of your balanc...
by TimesAWastin
Mon Mar 10, 2014 4:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Minimum Investment Question
Replies: 23
Views: 1684

Re: Joint or Separate Accounts? - Married Couples

I'm getting married in a few months and we recently designed our system. For cash flow we did this: We each have an individual checking and savings account, and we also have a joint checking and joint savings account. Virtually everything is done through the joint accounts. We agreed on a dollar amo...
by TimesAWastin
Fri Mar 07, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Accounts? - Married Couples
Replies: 82
Views: 3370

Re: Dynamic Asset Allocations or do 'Valuations Matter'

Adding to the market porn:

http://video.cnbc.com/gallery/?video=30 ... &par=yahoo

"You know it's time to sell when shoeshine boys give you stock tips."
by TimesAWastin
Fri Mar 07, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: Dynamic Asset Allocations or do 'Valuations Matter'
Replies: 30
Views: 2092

Re: Dynamic International/Domestic Allocation

I just estimated a RAFI style fundamental weighting that takes the average of weighting by book, weighting by cashflow, weighting by sales, and weighting by dividend. The results suggest that a higher US allocation is reasonable. I suspect that averaging the four weightings may also mitigate proble...
by TimesAWastin
Thu Mar 06, 2014 1:44 am
 
Forum: Investing - Theory, News & General
Topic: Dynamic International/Domestic Allocation
Replies: 12
Views: 578

Re: “Buying on the peaks” can work too!

Adjusted for inflation... Bob invested closer to $300,000 in 2014 dollars, over 40 years. He also had the good luck to have experienced crashes that subsequently rebounded. Also, that $1.1mil today looked more like $200,000 in 1972, when he began. Still, tripling one's buying power is a pretty good ...
by TimesAWastin
Thu Mar 06, 2014 1:28 am
 
Forum: Investing - Theory, News & General
Topic: “Buying on the peaks” can work too!
Replies: 10
Views: 1995

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

I prefer stock indexes and I'm not big on timing the market... which is why I avoid gold with the single exception... my fiances' ring which is where it should be. When my fiance and I were recently discussing finances, we got to the point of talking about how we will invest. I told her that the be...
by TimesAWastin
Mon Mar 03, 2014 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: "Gold to tank in 2014: Goldman Sachs"
Replies: 94
Views: 6836

3 student loans; decisions

I'm developing a financial plan for my (soon-to-be) spouse and I and part of that is weighing the costs and benefits of paying off her student loans now versus over time. They're handled by 2 different institutions. Loan 1 @ Loaner A Principle: $2,400 Interest: 6.8% / $14/mo Minimum Payment: None un...
by TimesAWastin
Fri Feb 28, 2014 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: 3 student loans; decisions
Replies: 2
Views: 240

Re: Meeting with a financial adviser

He is a fee-only adviser which is a plus and the fees come in the form of a percentage of assets under management. That is not a fee-only advisor. A fee-only advisor charges a one-time fee like $1000 to give you a financial plan, and then maybe you come back in 3 years for a "check-up" an...
by TimesAWastin
Wed Feb 26, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with a financial adviser
Replies: 45
Views: 4502

Re: Meeting with a financial adviser

Thanks everyone, great feedback. Running the numbers really hit me.. 0.5% on 40k over 20 years adds up to fees of something like $600 annualized. Yeah that ain't worth it.
by TimesAWastin
Tue Feb 25, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with a financial adviser
Replies: 45
Views: 4502

Meeting with a financial adviser

So I have a meeting coming up with a financial adviser. He is a fee-only adviser which is a plus and the fees come in the form of a percentage of assets under management. Our assets are pretty small beans right now. We'd be putting about $40k in with him (he's actually importing this as part of brin...
by TimesAWastin
Mon Feb 24, 2014 8:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with a financial adviser
Replies: 45
Views: 4502

Re: Warren Buffett's portfolio for his wife: Vanguard index

For me, the thing that distinguishes the Buffett approach is his emphasis on thinking like a business person, investing in real businesses, and the earnings potential and productivity of those businesses. In the case of the indexer, we invest in business in aggregate. "...ignore the chatter, k...
by TimesAWastin
Mon Feb 24, 2014 7:38 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett's portfolio for his wife: Vanguard index fund
Replies: 70
Views: 10244

Re: How to determine the asset allocation of a fund?

Separate reply for RING since it is a different animal being that a) it's an ETF rather than a mutual fund, and b) it's attempting to track a market sector. It pays to read the prospectus, found here: http://prospectus-express.newriver.com/summary.asp?clientid=isharesll&fundid=464286335&doct...
by TimesAWastin
Fri Feb 14, 2014 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: How to determine the asset allocation of a fund?
Replies: 8
Views: 516

Re: How to determine the asset allocation of a fund?

When looking at the list for categorization, note the times when the category ends in "stocks" versus "funds". Funds will be a collection of stocks and will in most cases cover style spectrum from value to growth, from large to small. An individual stock on the other hand (say, i...
by TimesAWastin
Fri Feb 14, 2014 8:20 pm
 
Forum: Investing - Theory, News & General
Topic: How to determine the asset allocation of a fund?
Replies: 8
Views: 516

Re: [MarketWatch: Scary 1929 market chart gains traction]

http://i.imgur.com/v7FOyMR.jpg Spent 15 seconds in Photoshop to fix the scales (not exact by any means but closer than the original), though I am also questioning the comparison of the timelines. The dates cover 21 months but the black line just says "1928-29". Is the horizontal scale wha...
by TimesAWastin
Fri Feb 14, 2014 1:03 pm
 
Forum: Investing - Theory, News & General
Topic: [MarketWatch: Scary 1929 market chart gains traction]
Replies: 43
Views: 4439

Re: Just got a free consultation by Personal Capital. Though

Buying individual stocks vs. index funds - They told me they'd buy shares of about 60 different companies across sectors/sizes to create a mock index for me (specific companies chosen by their investment committee). They indicated that the diversification gained by buying all the companies in an in...
by TimesAWastin
Mon Feb 03, 2014 7:26 pm
 
Forum: Investing - Theory, News & General
Topic: Just got a free consultation by Personal Capital. Thoughts?
Replies: 49
Views: 4836

Re: Tell me I did the right thing

Wow, what a response .Thanks everyone. Yeah, that's definitely the way. Make the decision then never look back. I just need to stop looking up the company's stock price and thinking about 'what if'.
by TimesAWastin
Mon Feb 03, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: Tell me I did the right thing
Replies: 23
Views: 2883

Tell me I did the right thing

:oops: About a year ago I discovered I had stock options in the company I work for which had been fully vested. I had no idea before then that they even existed, which was clearly for my benefit. 7 years they sat there. I'd occasionally get emails from the various companies that held the options, bu...
by TimesAWastin
Mon Feb 03, 2014 1:48 pm
 
Forum: Investing - Theory, News & General
Topic: Tell me I did the right thing
Replies: 23
Views: 2883

Re: Do you have a Savings Account?

Yes and it holds all the money I am putting away for a rainy day: vacations, shiny things, annual bills, emergency fund. I used to have separate accounts for different things but these days YNAB takes care of tracking how much of it is for what, and what its balance should be, so it all sits in one.
by TimesAWastin
Mon Jan 27, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you have a Savings Account?
Replies: 64
Views: 5000

Re: High Earners - What's Your Profession?

"technical artist" And, technically speaking, my on-the-books salary isn't over 100k (it's close), with bonuses and overtime, my annual compensation is over. Went to college for computer-generated art, self-taught software programmer. My job involves solving technical problems relating to ...
by TimesAWastin
Tue Jan 14, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 334
Views: 22781

Trouble trusting US healthcare

First, this isn't about politics, although health care has very much been a political issue lately. More it's one of perception. I grew up in Canada and although I hear things have changed since I left, health care was never a concern. If I hurt for any reason, I just went to the appropriate office/...
by TimesAWastin
Thu Jan 09, 2014 4:10 pm
 
Forum: Personal Consumer Issues
Topic: Trouble trusting US healthcare
Replies: 70
Views: 3265

Re: [Poll] What was your 2013 return?

XIRR returns for the period that it was open / annualized. Significant other's taxable 23% My taxable account existed for about 2 months and grew 2.6% before I closed it. My Roth grew 11.23% / 12.57% annualized. My 401(k) grew 19.6% / 21.32% annualized (or 84.09% / 93.28% if I count my employers mat...
by TimesAWastin
Wed Jan 08, 2014 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 8535

Re: IRA recharacterization from before a conversion (try 2)

I definitely missed the part where the nontaxable portion of a conversion can be withdrawn penalty free. In that case, disregard this thread completely. I'm good to go. :-) Thank you! Or, at least, I will be in 5 years.. :-) Which is very good info because I have been treating the account as a deep ...
by TimesAWastin
Wed Jan 08, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA recharacterization from before a conversion (try 2)
Replies: 5
Views: 106

Re: IRA recharacterization from before a conversion (try 2)

I just found this language in Publication 590: Effect of previous tax-free transfers. If an amount has been moved from one IRA to another in a tax-free transfer, such as a rollover, you generally cannot recharacterize the amount that was transferred. $5,500 of the $5,628.60 was done as a tax-free tr...
by TimesAWastin
Wed Jan 08, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA recharacterization from before a conversion (try 2)
Replies: 5
Views: 106

Re: IRA recharacterization from before a conversion (try 2)

Are you saying you first did a non-deductible TIRA contribution that you later converted to Roth, so all the money is in the Roth. But you wanted the non-deductible contribution to be as if it was always in the Roth to have the gains be tax free? Did the conversion happen at the new institution or ...
by TimesAWastin
Wed Jan 08, 2014 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA recharacterization from before a conversion (try 2)
Replies: 5
Views: 106

IRA recharacterization from before a conversion (try 2)

I posted about this issue a day or two ago but deleted it as I made it way too confusing. I've boiled the issue down I think to a more simple question: How can I recharacterize a nondeductible TIRA contribution to a Roth IRA contribution after a traditional -> Roth conversion has been done? Also the...
by TimesAWastin
Wed Jan 08, 2014 6:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA recharacterization from before a conversion (try 2)
Replies: 5
Views: 106

Re: Excess ROTH recharacterization

Makes sense... Thanks for the calculator. I was aware of the formula, but that will give me an exact figure now... So my $5,000 contribution is a $5,750 recharacterization. Can that entire amount go into the IRA even though the standard IRA contribution limit would have been $5,500? Also, the only ...
by TimesAWastin
Wed Jan 08, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess ROTH recharacterization
Replies: 8
Views: 446

Re: Excess ROTH recharacterization

There's a calculation that involves adjusted opening and closing. Probably if all you deposited was the $5,000 then to recharacterize that $5,000 it would mean transferring the entire balance. So if you started with $0 in all your Roth accounts, added $5,000, and on the day you recharacterize that $...
by TimesAWastin
Wed Jan 08, 2014 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Excess ROTH recharacterization
Replies: 8
Views: 446

Getting married; evening out the paychecks? (W4/DE4)

So I'm presently engaged and will be getting married in late July. Right now my withholding is based on single income and as such I'm being taxed heavily. My fiance is not presently employed.. but we don't expect that to last much longer, but it might be a month or two before she gets through the in...
by TimesAWastin
Tue Jan 07, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting married; evening out the paychecks? (W4/DE4)
Replies: 3
Views: 677
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