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Re: AA accross multiple accounts

I'm curious too. What I've read is you do design your multiple accounts for tax efficiency. But if you use muni's in your taxable account then you are efficient. Right?
by imgritz
Fri Apr 18, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA accross multiple accounts
Replies: 23
Views: 685

Re: *poor* Bogleheads

I try to mimic myself after the person(s) that achieved success in the area I want. Bogleheads are that group for me financially. I started out making 22K a year with 0 dollar in the bank. Now I am ... let's just say I doing better than the average bear. :D A lot of my wealth has been old-fashioned ...
by imgritz
Fri Apr 18, 2014 12:13 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 4975

Re: Stocks: How Bad It Can Get

I would like to see if Great-great-great-great Grandpa invested a $1,000 in Vanguard Total Stock Market back in 1792, what would his account value be worth now? Also, his average performance for 222 years. :-)
by imgritz
Tue Apr 15, 2014 6:03 pm
 
Forum: Investing - Theory, News & General
Topic: Stocks: How Bad It Can Get
Replies: 72
Views: 5324

Re: All-inclusive resort vacation for $2K??

Pick the east coast of Mexico such as Cancun or Cozumel. You will get all-inclusive resorts and the Caribbean water.
by imgritz
Tue Apr 15, 2014 3:14 pm
 
Forum: Personal Consumer Issues
Topic: All-inclusive resort vacation for $2K??
Replies: 16
Views: 1665

Re: Can this 4% CD be trusted?

GE Capital will give you .70% for a 6 month term. The link shows Sun Cities Financial Group will give you 4.00% for 6 months. Doesn't pass the smell test to me.
by imgritz
Tue Apr 15, 2014 3:11 pm
 
Forum: Investing - Theory, News & General
Topic: Can this 4% CD be trusted?
Replies: 21
Views: 2392

Re: Children Savings Account [Money Received on Child's Beha

I set up a UTMA and invested in a LifeStrategy fund.
by imgritz
Tue Apr 15, 2014 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Children Savings Account [Money Received on Child's Behalf]
Replies: 11
Views: 633

Re: Woodpeckers...I'm desperate!

I have no experience with woodpeckers. I found a deterrent link for you http://www.wikihow.com/Get-Rid-of-Woodpeckers
by imgritz
Mon Apr 14, 2014 3:30 pm
 
Forum: Personal Consumer Issues
Topic: Woodpeckers...I'm desperate!
Replies: 52
Views: 3383

Re: Vanguard Interm Investment Grade or Interm Bond Index?

Didn't read it was a tax advantaged account. My emergency fund is in a taxable account.
by imgritz
Mon Apr 14, 2014 3:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Almost out of time: Roth, Intrm Investment OR Intrm Bond Idx
Replies: 13
Views: 504

Re: Vanguard Interm Investment Grade or Interm Bond Index?

Mine is in Vanguard Limited-Term Tax-Exempt Fund.
by imgritz
Mon Apr 14, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Almost out of time: Roth, Intrm Investment OR Intrm Bond Idx
Replies: 13
Views: 504

Re: Problem with Vanguard website

I called Vanguard. They are aware of the problem and they are trying to fix it.
by imgritz
Fri Apr 11, 2014 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Problem with Vanguard website
Replies: 25
Views: 2020

Re: Problem with Vanguard website

I am having issues with the website too.
by imgritz
Fri Apr 11, 2014 4:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Problem with Vanguard website
Replies: 25
Views: 2020

Re: Vanguard S&P 500 vs Total Stock

+1 for Total Stock.

When I have similar funds I'm evaluating, I use Morningstar's fund comparison tool. It's under tools, compare.
by imgritz
Thu Apr 10, 2014 3:51 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard S&P 500 vs Total Stock
Replies: 17
Views: 2911

Re: How to invest my "Emergency Fund"

I've never understood keeping your emergency fund in multiple accounts (Savings, CDs, IBonds) even though I've done it. You pay a penalty on withdrawing CDs and iBonds early. Right or wrong, I keep my emergency fund in Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). When the market was...
by imgritz
Thu Apr 10, 2014 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest my "Emergency Fund"
Replies: 20
Views: 1970

Tax efficiency - Does it really matter how I do it?

I understand I should place bonds in tax advantaged accounts and stocks go in taxable accounts for tax efficiency. I am in the process of consolidating all my funds at Vanguard. I am rolling over a 401K after a 17 year stint from a previous company (I was laid off). I was employed a month later in a...
by imgritz
Thu Apr 10, 2014 2:07 pm
 
Forum: Investing - Theory, News & General
Topic: Tax efficiency - Does it really matter how I do it?
Replies: 1
Views: 255

Re: Wait for better tenant application or approve the one I

My standard agreement is a one-year lease and goes month-to-month after the end of the year.
by imgritz
Wed Apr 09, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wait for better tenant application or approve the one I have
Replies: 27
Views: 1565

Re: Military Member Needing Investing Advice

How about telling us more about yourself so we can fully understand your goals. Do you have an emergency fund? Do you plan on buying a house anytime soon? Do you plan on having children? Do you have adequate life insurance to protect your spouse? What is the goal for the 20K annually? Retirement? I ...
by imgritz
Tue Apr 08, 2014 5:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Military Member Needing Investing Advice
Replies: 10
Views: 654

Re: The Unthinkable Disaster: What If Your Account Disappear

I'm more afraid of realities (like my ex-wife wanting more money) than the possibility of a multi-trillion well-regarded institution that would lose my account.
by imgritz
Sun Apr 06, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: The Unthinkable Disaster: What If Your Account Disappeared?
Replies: 43
Views: 4404

Re: Check hold for 40 days? Outrageous?

I have deposited checks for larger amounts. I only waited 10 days.
by imgritz
Thu Apr 03, 2014 12:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Check hold for 40 days? Outrageous?
Replies: 11
Views: 1335

Re: Laid off today... TODO list?

Being laid off is like having a tornado hit your home. It's just random. It's not your fault. It will put you in a shock for a little bit. Now that you are "on vacation." Exercise a little more. Work on those house projects. etc. Financially, Apply for unemployment. Make sure you continue ...
by imgritz
Wed Apr 02, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9532

Re: Pay Off Mortgage

I paid off my home. It was the best financial decision I ever made. No matters what happens in life, I have a place to live.

The "mortgage payment" is now paid to my investments each month. :o
by imgritz
Wed Apr 02, 2014 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3783

Re: Putting $ away for children

I've seen too many people come into a lump sum and squander it on one thing or another only to be a broke a couple of years later.

I would start teaching the kids Boglehead mentality. When they come into their money, they will have learned to keep it invested for their future.
by imgritz
Wed Apr 02, 2014 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5377

Re: Which Muni Bond Fund in Taxable account ??

+1 on Vanguard Intermediate-Term Tax-Exempt Fund
by imgritz
Wed Apr 02, 2014 1:05 pm
 
Forum: Investing - Theory, News & General
Topic: Which Muni Bond Fund in Taxable account ??
Replies: 14
Views: 1349

Re: Earthquake insurance in California

My ex-wife's family used to live in Los Angeles during the time of the Northridge earthquake. The devastation there was huge. I saw foundation cracks, cracks in the walls, etc. It was all fixed with their earthquake insurance. My area is not really an earthquake zone but I have it to protect my home...
by imgritz
Mon Mar 31, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance in California
Replies: 27
Views: 1409

Re: Investing for 20-month-old child

the mutual fund did you make that in your name or as a child custodian for your child?

I am the custodian and my child is the beneficiary. She gets the account at 21. I think that is standard for an UGMA account.
by imgritz
Mon Mar 31, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for 20-month-old child
Replies: 9
Views: 583

Re: Investing for 20-month-old child

I opened a savings account for my daughter in my name. I used ING Direct which is now Capital One that requires a one dollar entry fee. She got ten dollars here...twelve dollars there. When she reached 1,000 I opened a UGMA account using the LifeStrategy Moderate Growth (when you could get the mutua...
by imgritz
Mon Mar 31, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing for 20-month-old child
Replies: 9
Views: 583

Re: The Finance Buff uses a Vanguard Planner.

Can you elaborate more on this question/answer? Question: Where should fixed income go? Muni fund in taxable or taxable bond fund in IRAs? Answer: Keep munis in taxable until you retire. Switch to taxable bond fund in IRAs after. I thought for tax efficiency that you should always put your bond fund...
by imgritz
Mon Mar 31, 2014 1:27 pm
 
Forum: Investing - Theory, News & General
Topic: The Finance Buff uses a Vanguard Planner.
Replies: 27
Views: 3607

Re: (Lack of) Emergency Fund - Are We Crazy?

I say it's what makes you feel fine with your finances. Personally, I have 2 1/2 years of emergency funds.
by imgritz
Fri Mar 28, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Lack of) Emergency Fund - Are We Crazy?
Replies: 44
Views: 3445

Re: What is the best way to invest in California municipal b

I own CA Intermediate-Term Tax-Exempt from Vanguard.

Me too.
by imgritz
Fri Mar 21, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the best way to invest in California municipal bonds
Replies: 7
Views: 543

Re: Is it ethical to put this on your resume?

I have seen HR let people go because they "enhanced" their resumes. Someone with one class way from a Bachelors. A non-existent Masters. A degree is easily verifiable. I would leave your degree as is. If you want to emphasize mathematics, on the bottom of the resume you do something like.....
by imgritz
Thu Mar 20, 2014 7:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it ethical to put this on your resume?
Replies: 27
Views: 2857

Re: POLL: Do you have a financial advisor?

I had a Dean Witter broker. I was told my portfolio went up 15-20% per year. One day, I calculated my initial deposits and saw the same total on the current statement. I realized it took me five years to get back that 4.75% front-end load. I had a financial adviser. He sold me term life, whole life ...
by imgritz
Thu Mar 20, 2014 7:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do you have a financial advisor?
Replies: 37
Views: 1982

Re: You can lead a horse to water...

I always try to provide advice. Everyone I encountered has their own philosophy like "Why aren't you living life and spending all your money like we do?"

I say be their friend, listen to their stories and invite them over for dinner once in a while.
by imgritz
Thu Mar 20, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: You can lead a horse to water... [Giving financial advice]
Replies: 43
Views: 3953

Re: HOA lawyer sends threatening letter, need advice

OP, I would pay. The amount is cheap and a lesson learned. Stories like this are why I would never buy a property in an HOA. I am not going to spend upwards of $100k on some land and a building just for someone to tell me where to put my trash can. I have a property in a non-HOA. The neighbors fille...
by imgritz
Thu Mar 20, 2014 1:25 pm
 
Forum: Personal Consumer Issues
Topic: HOA lawyer sends threatening letter, need advice
Replies: 46
Views: 4227

Re: Girl Scout Cookies

Thin Mints are a lie. I've eaten boxes of them and never lost weight. :D
by imgritz
Tue Mar 18, 2014 5:42 pm
 
Forum: Personal Consumer Issues
Topic: Girl Scout Cookies
Replies: 22
Views: 2066

Re: Purchasing car + home + umbrella from different companie

I have all of my policies at State Farm. For that, I get a multi policy discount.

I shop around once in a while to see if I get lower rates. So far, State Farm continues to be my provider.
by imgritz
Mon Mar 17, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Purchasing car + home + umbrella from different companies.
Replies: 8
Views: 682

Re: Do you love your job? What do you do?

I love my secondary job: Beer researcher and consumption.
by imgritz
Mon Mar 17, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 10087

Re: TurboTax defunct?

I just logged into my account.
by imgritz
Mon Mar 17, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax defunct?
Replies: 15
Views: 1870

Re: Is brokerage money protected?

Brokerage accounts are protected by the SIPC. Whereas a mutual fund only account is not. If you buy insurance to protect against damage to your boat, and you don't own a boat, you don't have coverage. Likewise, SIPC insurance only covers brokerage account fraud. If you don't have a brokerage accoun...
by imgritz
Mon Mar 17, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is brokerage money protected?
Replies: 18
Views: 1324

Re: How do I convince my 78 year old mom to go passive?

Mom has a million dollar portfolio with the help of her UBS representative. Good for her. Do you have a million dollar portfolio? If so, show Mom how you invest. If not, ask for Mom's advice.
by imgritz
Mon Mar 17, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do I convince my 78 year old mom to go passive?
Replies: 28
Views: 2577

Re: Is brokerage money protected?

Brokerage accounts are protected by the SIPC. Whereas a mutual fund only account is not.
by imgritz
Fri Mar 14, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is brokerage money protected?
Replies: 18
Views: 1324

Are custodian banks insured?

I apologize if this is a question asked before but I cannot find the answer in my searches. I know mutual funds are governed by the Investment Act of 1940. I know Vanguard uses multiple custodians to ensure our assets are what they are supposed to be. I know Vanguard has a fidelity bond to protect u...
by imgritz
Thu Mar 13, 2014 6:40 pm
 
Forum: Investing - Theory, News & General
Topic: Are custodian banks insured?
Replies: 3
Views: 403

Re: Does This Person Need Umbrella Ins Coverage?

What is less clear is why $1 mil in coverage will protect $1 mil in assets. Why can't someone with $1 mil in assets and $1 mil umbrella be sued for $2 mil? This is a chat I had with my insurance company years ago. You can be sued for more than your assets and umbrella. I was told that insurance com...
by imgritz
Thu Mar 13, 2014 3:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4406

Re: Does This Person Need Umbrella Ins Coverage?

It's about $200 annually for a 1MM umbrella. Is $200 worth the protection? I would say it's a no-brainer. For me, it gives me peace-of-mind knowing I have the policy backed by a fleet of attorneys to protect me in case some unfortunate event occurs.
by imgritz
Thu Mar 13, 2014 2:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4406

Re: What was your dumbest financial decision?

marrying the wrong person, and then getting divorced.


+1 on divorce.

It's all good. My ex-wife and the attorneys are all wealthier due to my choice. :oops:
by imgritz
Wed Mar 05, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 106
Views: 8342

Re: What to say to Non-Savers

I see a lot of my friends do stupid financial moves. I simply smile. I figure if they don't care about their finances then why should I?

Personally, I don't want to share the cat's food during retirement.
by imgritz
Mon Mar 03, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5178

Re: Tools for developing PHP / MySQL-based data driven web s

The website I support at work is JavaScript, PHP and MySQL.
by imgritz
Fri Feb 21, 2014 6:57 pm
 
Forum: Personal Consumer Issues
Topic: Tools for developing PHP / MySQL-based data driven web site?
Replies: 72
Views: 4487

Re: Leaving a small amount of student debt for child to pay

The one scenario I liked was let the child get student loans for an education. Then you can help the kid pay off the student loans in full or partial after they graduate. 1) What if your kid picks an low-paying career? Are you o.k. with a graduate that can't get a job or earns low-pay because of the...
by imgritz
Fri Feb 21, 2014 6:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving a small amount of student debt for child to pay off?
Replies: 45
Views: 2648

Re: How to Winvest 420k

"with a 2014 mkt crash widely expected, is it wise to wait till the day after to buy into the mkt." What day is the crash? :D What I have found is nobody can predict the future. If you are nervous about a market downturn/upturn then dollar cost average your money into the market such as 35...
by imgritz
Fri Feb 21, 2014 6:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to Winvest 420k
Replies: 8
Views: 774

Re: Would you invest an emergency fund?

I have 2 years of an EF in Vanguard Limited-Term Tax-Exempt Fund and cash in a savings account.
by imgritz
Fri Feb 21, 2014 2:14 pm
 
Forum: Investing - Theory, News & General
Topic: Would you invest an emergency fund?
Replies: 30
Views: 2147

Percentage of assets at Vanguard also active vs index

I'm curious about Boglehead statistics today. I can't find what I am searching. Are there statistics indicating what percentage of your investment assets are at Vanguard? Do most Bogleheads have 80-90-100 percent of their money at Vanguard? Also, what percentage of your assets are in index funds vs ...
by imgritz
Wed Feb 19, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Percentage of assets at Vanguard also active vs index
Replies: 23
Views: 1172

Re: Help with portfolio - leaving financial advisor

I'll make it simple.

1) No debt = you're way ahead of the game. Congratulations!
2) Establish the emergency fund. Look on the wiki for examples.
3) Look up the three-fund portfolio on the wiki.
4) Invest early and often.
5) Ignore the noise of the market, friends advice, etc. and enjoy life.
by imgritz
Wed Feb 12, 2014 10:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio - leaving financial advisor
Replies: 12
Views: 1256
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