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Re: New job, trying to setup my 401(k)

Your best options are likely: Vanguard 500 Vanguard Mid Cap Vanguard Small Cap I personally do something like 70% 500 Index, 30% Small Cap to approximate the Total Stock Market. I'm unfamiliar with your bond options, but if you choose to include bonds in your portfolio, I'd pick the one with the low...
by nimo956
Thu Mar 26, 2015 12:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, trying to setup my 401(k)
Replies: 9
Views: 546

Re: Treasuries vs. Treasury Funds?

There's no expense ratio when you buy regular treasuries. Also, at Vanguard at least, there is no commission to buy and sell.
by nimo956
Wed Mar 25, 2015 2:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Treasuries vs. Treasury Funds?
Replies: 6
Views: 754

Re: Advice for good friend

Have you misinterpreted that this adviser has control over her savings and checking account? That would be highly unusual, and I'd consider it unethical too. The far more likely scenario would be that she chooses to allocate a certain % of her paycheck to a 401k, and he tells her which funds that mo...
by nimo956
Thu Mar 19, 2015 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for good friend
Replies: 38
Views: 3315

Re: Robinhood Investing App

While I don't trade much at all, I think eliminating made up trading fees that don't actually cost the brokerage anything is a good thing. This is just another example of competition lowering costs for the consumer.
by nimo956
Wed Mar 18, 2015 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: Robinhood Investing App
Replies: 13
Views: 1436

Re: Got a promotion, but still need to discuss salary

HomerJ wrote:(Unless you started at $20k 6 years ago).


The entry level starting salary was low 6 years ago (though not that low). This could be my opportunity to significantly increase my earnings. It seems that the consensus though is to just accept what is offered.
by nimo956
Tue Mar 17, 2015 10:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1302

Got a promotion, but still need to discuss salary

My former manager accepted a new position in a different department. His manager submitted a proposal to have me promoted, and take on the responsibilities of my old boss. I was informed today that the promotion was approved by the senior leadership, and that he is now discussing it with HR. I feel ...
by nimo956
Tue Mar 17, 2015 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Got a promotion, but still need to discuss salary
Replies: 9
Views: 1302

Re: Advice for New Investor w/ Tons of Graduate Debt

I have no experience with them, but others have mentioned to look into SoFi to consolidate your loans at a lower rate. Do some searches on this board to see about the company (and others). Also make sure you understand what benefits you may give up by consolidating, like any loan forgiveness options.
by nimo956
Fri Mar 13, 2015 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice for New Investor w/ Tons of Graduate Debt
Replies: 33
Views: 2917

Re: The Permanent Portfolio as an accumulation portfolio

Just for a point of reference, what was the compound annual return and max DD of a 100% stock portfolio with an accumulator investing equal amounts each year starting in 1972?
by nimo956
Fri Mar 13, 2015 11:47 am
 
Forum: Investing - Theory, News & General
Topic: The Permanent Portfolio as an accumulation portfolio
Replies: 16
Views: 2043

Re: Best Classical Music Box Sets?

While this may not make sense economically, I would recommend NOT buying any of the huge box sets. There is often too much material to listen to anyway. I think a more focused approach is more rewarding. Find out which pieces you like (either by listening on YouTube or seeing what people recommend b...
by nimo956
Mon Mar 09, 2015 11:50 am
 
Forum: Personal Consumer Issues
Topic: Best Classical Music Box Sets?
Replies: 29
Views: 1992

Re: Adult Music Lessons

I would absolutely get lessons from a teacher rather than try to learn on your own. A good teacher will not only give you a proper foundation, but will also provide focus and discipline. When it's your own money that you're spending each week, you make sure to practice. It will probably take several...
by nimo956
Fri Mar 06, 2015 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Adult Music Lessons
Replies: 30
Views: 2091

Re: Selling multi-family - Push to Waive Inspection?

Do you know if he is planning to gut the whole house and rebuild from scratch? If so, it's possible he might not care about an inspection. Maybe look at some of his other properties to see if that's what he does.
by nimo956
Sun Mar 01, 2015 10:41 am
 
Forum: Personal Consumer Issues
Topic: Selling multi-family - Push to Waive Inspection?
Replies: 23
Views: 1225

Re: How to compute my retirement amount, and am I saving eno

Do you use budgeting software like Mint to track your current expenses? This is about as complicated as I make it: I spend $25k per year now. I want to have a slightly nicer retirement with a few trips, hobbies, etc, so let's say I want to target $40k per year. Using the rough 4% rule, I'd need $40k...
by nimo956
Tue Feb 24, 2015 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3249

Re: How to compute my retirement amount, and am I saving eno

I think you'd feel better if you start maxing out your 401k and IRA ($18k + $5.5k = $23.5k per year). I don't know what your budget or COL is like, but I think that this should be an attainable goal on your salary. Start by committing to save that amount and then re-work your budget to see what you ...
by nimo956
Tue Feb 24, 2015 11:26 am
 
Forum: Investing - Help with Personal Investments
Topic: How to compute my retirement amount, and am I saving enough?
Replies: 66
Views: 3249

Re: Who's going to Disney this summer?

A coworker of mine told me the funniest story. He took his two sons, who were quite young, to Disneyworld one year, spending a small fortune. When he asked his son what his favorite part of the trip was, he said, "The slide." He was talking about the slide in their backyard playground!!! I...
by nimo956
Mon Feb 23, 2015 11:16 am
 
Forum: Personal Consumer Issues
Topic: Who's going to Disney this summer?
Replies: 84
Views: 5085

Re: Pick-Pockets

I never had my wallet stolen, but I did fall victim to a taxi scam while in Rome. I had just taken a train from Florence and while the hotel seemed close by on the map, I thought I'd take a taxi so I didn't have to lug my suitcase around. My first clue should have been the fact that two taxi drivers...
by nimo956
Fri Feb 20, 2015 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Pick-Pockets
Replies: 63
Views: 5299

Re: Two Hedge Fund Managers Walk into a Bar...

Someone ought to fact-check that, though. Hmmm... it appears that the Gulfstream V may have been superseded by the Gulfstream 550, that (movie director) Peter Jackson bought a new one for $68 million, and that good used ones are available for $18 million... A true Boglehead buys his Gulfstream 3-5 ...
by nimo956
Fri Feb 20, 2015 9:54 am
 
Forum: Investing - Theory, News & General
Topic: Two Hedge Fund Managers Walk into a Bar...
Replies: 10
Views: 1784

Re: Which 401k option should I switch to? Should I stay put?

The target retirement fund is probably fine, but I just prefer to be in control over my allocation. For that reason, I would personally use the following funds in whatever proportion matched my desired asset allocation: S&P 500 Index Fund (Annual Gross Expense Ratio 0.02%) US Extended Equity Mar...
by nimo956
Wed Feb 18, 2015 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Which 401k option should I switch to? Should I stay put?
Replies: 17
Views: 876

Re: Boston Must See Sites and Bites

1. The MFA and Isabella Stewart Garner Museum are both very good (and right next to each other) 2. See the Boston Symphony if you can. You didn't mention your age, but if you are both under 40, then you can get $20 tickets for any seat but the most expensive (on certain dates). The code to use is 20...
by nimo956
Fri Feb 06, 2015 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Boston Must See Sites and Bites
Replies: 51
Views: 2451

Re: Looking for a DSLR that will allow me to get fairly seri

First, I would choose which lenses you want. I'd recommend sticking with prime lenses (no zoom) because you will realize how great it is to have a large aperture (and they are lighter). This allows you to more easily take pictures in low light without the need for a tripod. When in doubt, pick the l...
by nimo956
Wed Feb 04, 2015 11:48 pm
 
Forum: Personal Consumer Issues
Topic: Looking for a DSLR that will allow me to get fairly serious.
Replies: 118
Views: 6437

Re: Tripod for digital SLR

I use a Ries tripod for my camera. It's cheaper b/c it's made of wood, but it's also heavier than carbon fiber, which makes it a pain to carry around. On the plus side it's incredibly sturdy.

http://www.riestripod.com
by nimo956
Mon Feb 02, 2015 10:19 am
 
Forum: Personal Consumer Issues
Topic: Tripod for digital SLR
Replies: 13
Views: 700

Re: What was your costliest investment mistake?

When I first started investing 5 years ago, I constantly second-guessed my AA and switched strategies roughly every year (despite having found this board). You really need the experience and confidence to believe in what you've chosen, and understand why you've chosen it. That makes it easier to res...
by nimo956
Wed Jan 14, 2015 12:23 pm
 
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 135
Views: 12393

Re: Getting Traditional Film Developed

I'm not sure where you're located, but you should look for specialty stores that cater to artists making prints for gallery exhibitions. That's how I found a place to get my 4x5 film developed. I live in a major city, and there are actually several nearby from which to choose. If you're still stuck,...
by nimo956
Tue Dec 30, 2014 9:36 pm
 
Forum: Personal Consumer Issues
Topic: Getting Traditional Film Developed
Replies: 23
Views: 2353

Re: An intriguing gold/silver play: Central Fund of Canada

On April 15th 2013, gold fell like 10% in a single day. From that day forward, CEF and GTU have been selling at a discount instead of a premium. I'm not sure why, over 1.5 years later, they are still selling at a discount. If you thought then that you could make a quick buck by waiting for the funds...
by nimo956
Fri Dec 05, 2014 11:19 am
 
Forum: Investing - Theory, News & General
Topic: An intriguing gold/silver play: Central Fund of Canada
Replies: 13
Views: 990

Re: Buying a Computer. Need recommendations.

Have you considered getting a tablet? My iPad replaces 90% of the work I do on my computer. All my music and photos are stored in the cloud.
by nimo956
Fri Nov 28, 2014 11:03 am
 
Forum: Personal Consumer Issues
Topic: Buying a Computer. Need recommendations.
Replies: 52
Views: 5289

Re: Buying a lasting vehicle

Not trying to be a pain but why are foreign cars so popular on this forum? :) Just about every suggestion is a foreign car and American cars are very rarely suggested. Have you had bad experiences with American cars and/or found the foreign cars to be more reliable? Or do you base your decisions on...
by nimo956
Wed Nov 19, 2014 2:19 pm
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 5477

27 yr old reaches $1m net worth

This is actually a really practical, well-written article about how a 27 yr old achieved a $1m net worth through careful planning. There's no magic here: http://finance.yahoo.com/news/27-year-old-millionaire-anton-ivanov-financessful-184823184.html The moral of the story is: 1. High school job 2. Jo...
by nimo956
Tue Nov 04, 2014 5:07 pm
 
Forum: Investing - Theory, News & General
Topic: 27 yr old reaches $1m net worth [Update: With lies.]
Replies: 56
Views: 13211

Re: Taxable Account vs. After-tax 401k

nimo, we've had one poster report that s/he is allowed to contribute to his after-tax account in cash rather than through paycheck withholdings. The money would go in on a Friday and then s/he would roll it out to Roth the following Monday. No gains, no taxes for the conversion. Pretty sweet deal a...
by nimo956
Mon Oct 13, 2014 3:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 705

Re: Taxable Account vs. After-tax 401k

retiredjg wrote:Is there a reason you are limited to $10k a year?


I added a second edit with my salary and tax bracket info. I can only contribute a max of 50% of salary to the 401k, which means I can only add about $9k after-tax per year.
by nimo956
Mon Oct 13, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 705

Taxable Account vs. After-tax 401k

I'm about to receive a small inheritance of $30k. My initial plan was to just invest this money in a taxable account straight away. However, my company also offers the ability to contribute after-tax to a 401k and then roll that money over to a Roth IRA throughout the year. If I increase my 401k con...
by nimo956
Mon Oct 13, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxable Account vs. After-tax 401k
Replies: 11
Views: 705

Re: Help! Are we making a huge mistake?

Maybe his current company goes bankrupt in 5 years and he loses much of his pension since it won't fully be covered by PBGC? I'd rather have the $3m now since it sounds like the OP will still get a sizeable pension from his current company. I don't know what other assets the OP has, but I'd strive f...
by nimo956
Thu Sep 18, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge mistake?
Replies: 40
Views: 5677

Re: Help! Are we making a huge mistake?

Do you want to leave an inheritance to your children or a charity? If so, I'd be more inclined to take the $3m now.
by nimo956
Thu Sep 18, 2014 9:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Help! Are we making a huge mistake?
Replies: 40
Views: 5677

Re: Angry when stock market is down

Trader Joe wrote:Absolutely not. The stock market is at or near an all time high right now and is expected to drop significantly. Markets go up and markets go down. All part of investing.


Out of curiosity, when has the market ever not been expected to drop significantly?
by nimo956
Fri Sep 12, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 4576

Re: Suggestions /Advice for a fresh college graduate

First, forget about taking the LSAT and going to law school (see: http://insidethelawschoolscam.blogspot.com/). You shouldn't go to graduate school and take on $150k+ of debt just because you don't know what you want to do as a career. Did he have an internship his junior year? That's usually a path...
by nimo956
Fri Sep 12, 2014 8:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions /Advice for a fresh college graduate
Replies: 29
Views: 1681

Re: I need "Ultra High Net Worth" investing advice please

I haven't read all the replies in this thread, but since you asked specifically for investing advice, I'd second Warren Buffet's latest recommendation. He mentioned 10% cash and 90% S&P500 for the money he intends to leave to his wife. What I think this boils down to is to have enough in liquid...
by nimo956
Sun Aug 24, 2014 6:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 21910

Re: I need "Ultra High Net Worth" investing advice please

I haven't read all the replies in this thread, but since you asked specifically for investing advice, I'd second Warren Buffet's latest recommendation. He mentioned 10% cash and 90% S&P500 for the money he intends to leave to his wife. What I think this boils down to is to have enough in liquid ...
by nimo956
Sun Aug 24, 2014 5:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: I need "Ultra High Net Worth" investing advice please
Replies: 227
Views: 21910

Re: Moderately young investor seeking moderate factor tilts

You should hold iShares 20+ Year Treasury Bond ETF (TLT) instead of VLGSX. 1. VLGSX has 7% of its holdings in agency bonds and 93% in treasuries, whereas TLT has 100% treasuries. 2. VLGSX has 20% of its holdings in bonds maturing in 10-20 years, whereas TLT has 90% in 25+ yrs, and 10% in 20-25 yrs. ...
by nimo956
Wed Aug 06, 2014 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moderately young investor seeking moderate factor tilts
Replies: 20
Views: 1815

Re: Taking out mortgage with zero down. Smart or no?

In my opinion, young people in their twenties shouldn't buy houses. Houses are for people who are ready to settle down in a career and start a family. I guess I made a mistake, then, buying a house as a single woman at that age. I didn't realize there was some regulation that said single people cou...
by nimo956
Tue Jul 29, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 64
Views: 3523

Re: Taking out mortgage with zero down. Smart or no?

I don't see why you want to tie yourself down with a house when you could very well need to be mobile in the coming years. How long have you been working in your current job? Do you plan on staying there for the next 7 years or will you want to switch companies or careers? What if the next job you ...
by nimo956
Tue Jul 29, 2014 9:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 64
Views: 3523

Re: Taking out mortgage with zero down. Smart or no?

I don't see why you want to tie yourself down with a house when you could very well need to be mobile in the coming years. How long have you been working in your current job? Do you plan on staying there for the next 7 years or will you want to switch companies or careers? What if the next job you w...
by nimo956
Mon Jul 28, 2014 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taking out mortgage with zero down. Smart or no?
Replies: 64
Views: 3523

Re: Principles for Changing Asset Allocation & Splicing

It is very important that you are comfortable with your asset allocation, and that you understand the reasoning behind why you made certain decisions. There will always be another portfolio that does better than yours, so you need to be able to resist both fear and greed. Imagine a scenario where yo...
by nimo956
Mon Jul 28, 2014 5:38 pm
 
Forum: Investing - Theory, News & General
Topic: Principles for Changing Asset Allocation & Splicing
Replies: 29
Views: 2890

Figuring out how much risk you need to take

It's hard for a young person to plan for a retirement that's 40 years away. There are so many unknowns that it's hard to be sure if you are on the right track. If you don't know whether or not you are on the right track, then it's easy to allow behavioral impulses to second guess your investment dec...
by nimo956
Mon Jun 23, 2014 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Figuring out how much risk you need to take
Replies: 4
Views: 574

Re: The usefulness of experts

At the moment I'm not hearing a lot of (contra-actionable) consensus so I'm just holding course but I'll be paying close attention to the year-end predictions next December and I will, once again, allocate a portion of my portfolio to contrarian "bets". It's always in the back of my mind ...
by nimo956
Wed Jun 11, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: The usefulness of experts
Replies: 23
Views: 1796

Re: Accept Job Offer from Company that Filed for Bankruptcy?

OP, not trying to be snarky, but per your signature line, it looks like you invest with the Permanent Portfolio. The whole idea of the PP is to minimize fluctuations and to provide a couch potatoe/all weather strategy based on avoiding bad scenarios... Compare that mindset to this job opportunity a...
by nimo956
Wed Apr 02, 2014 8:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Accept Job Offer from Company that Filed for Bankruptcy?
Replies: 29
Views: 2789

Re: Switching to Treasury Fund

Are there any fees for buying and selling Treasuries directly? It's pretty easy to manage once you learn how to do it.
by nimo956
Sun Mar 30, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switching to Treasury Fund
Replies: 9
Views: 1293

Re: young sports stars.. or programmers

I'd bet Google new hires probably get around $120k. The entry level salary keeps rising for top talent. I have a friend at Jane Street Capital that mentioned that even the summer interns get an annualized salary of $125k.
by nimo956
Wed Mar 26, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: young sports stars.. or programmers
Replies: 26
Views: 2786

Re: 25yo, Married, House, Baby, and looking for help!

You can use the money you put in NAESX and VEIPX to fund a Roth IRA for 2013, but you will have to call Vanguard to double-check on the mechanics of how to do it. I'm not 100% certain, but you might have to sell the funds in your taxable (taking either a small loss or gain) in order to open the Roth...
by nimo956
Tue Mar 25, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2040

Re: 25yo, Married, House, Baby, and looking for help!

The Roth 401k vs Traditional is a tricky decision with a lot of moving parts, so let me try to lay out the pros/cons that you might not be aware of. The traditional 401k allows you to avoid paying taxes now at your marginal rate (let's say 25%), but you will have to pay them in the future. The benef...
by nimo956
Tue Mar 25, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2040

Re: 25yo, Married, House, Baby, and looking for help!

Are you sure you're in the 25% tax bracket? What is your state income tax? Did you know that you could be in the 15% bracket even if your gross income is below $140k? In 2013, the 25% bracket for married filing jointly begins at $72.5k. However, if you add the standard deduction of $12,200, $7800 in...
by nimo956
Mon Mar 24, 2014 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 25yo, Married, House, Baby, and looking for help!
Replies: 17
Views: 2040

Is it ethical to put this on your resume?

I've worked in a corporate finance role for the past few years since I graduated, and am currently thinking of switching industries. While I do have a solid background in mathematics (including many upper level courses), my actual degree is in the humanities. Many of the openings I see ask for degre...
by nimo956
Thu Mar 20, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is it ethical to put this on your resume?
Replies: 27
Views: 3186
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