Search found 1514 matches

by tj
Sat Aug 29, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Charatable trust after death
Replies: 50
Views: 1363

Re: Charatable trust after death

As I pointed out above, you can accomplish every objective you've mentioned with a donor advised fund. Talk with them about it. Gill Thanks Gill I guess I will need to do more homework. I did not understand when you mentioned it before but it might be exactly what I want. The attorney didn't mentio...
by tj
Sat Aug 29, 2015 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rewards (Travel)
Replies: 212
Views: 15389

Re: Credit Card Rewards (Travel)

How much do youy get for referring someone? How do I access the page that lets me refer others?
by tj
Sat Aug 29, 2015 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 67
Views: 6038

Re: Dear In-Laws: Less toys, more 529

^^^Agree with Johno's final point. OP, as someone who grew up thinking that I was gonna die if I didn't get the Barbie Dreamliner airplane, Barbie hairstyling set, Barbie convertible (and I could go on), and yet who has grown up to be a pretty non-materialistic person who loves nature, volunteers a...
by tj
Sat Aug 29, 2015 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: I have a Confession...Dave Ramsey...Help!
Replies: 63
Views: 6704

Re: I have a Confession...Dave Ramsey...Help!

A lot of business owners will lease rather than own because of tax reasons. The lease is probably more expensive than just buying and getting a loan, but allegedly a leveraged car is not a business expense and a leased is.
by tj
Sat Aug 29, 2015 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 67
Views: 6038

Re: Dear In-Laws: Less toys, more 529

tyscott84 wrote: I should have mentioned in the original post that we want to create an environment for our kids that emphasizes time together, outdoor activity, selflessness, self reliance, and gratitude/generosity. The seemingly endless flow of plastic consumer goods is often contrary to those va...
by tj
Sat Aug 29, 2015 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Dear In-Laws: Less toys, more 529
Replies: 67
Views: 6038

Re: Dear In-Laws: Less toys, more 529

I think it is normal to tell them you don't need more toys, but in poor taste to tell them how to allocate the $$, unless they ask.
by tj
Tue Aug 25, 2015 4:16 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

I would just sell everything @ betterment to take the huge tax deduction That's what I'll do at the end of the month with the SIP account splitting it into at least 2 withdrawals. I'm waiting for the ~27th to see if it'll harvest from PXH that it TLHed from FNDE on 07/27/2015. PXH currently is with...
by tj
Mon Aug 24, 2015 10:05 pm
Forum: Investing - Theory, News & General
Topic: Betterment / tax loss harvesting
Replies: 12
Views: 844

Re: Betterment / tax loss harvesting

I think there was a comment already on the 1099-B that Betterment puts out, but if for some reason Betterment does create a wash sale in one's Betterment account, then would Betterment do all the right things to get a truly correct Schedule D and Form 8949 with no effort on the client's part? I'll ...
by tj
Mon Aug 24, 2015 8:01 pm
Forum: Investing - Theory, News & General
Topic: Betterment / tax loss harvesting
Replies: 12
Views: 844

Re: Betterment / tax loss harvesting

Mine has harvested 13% of losses. We shall see what happens in the coming days. I am investing more into the account to rebalance, don't know if that will affect the TLHing.
by tj
Mon Aug 24, 2015 7:50 pm
Forum: Investing - Theory, News & General
Topic: Betterment / tax loss harvesting
Replies: 12
Views: 844

Re: Betterment / tax loss harvesting

Related question...I have a Betterment account. YTD return is about -$4K. Harvested losses of $480, including from today. What's so sophisticated about their system? They've managed to harvest all of 12% of losses. Had they not been tinkering with harvesting tiny losses here and there, I could have...
by tj
Mon Aug 24, 2015 7:14 pm
Forum: Investing - Theory, News & General
Topic: Who's selling now?
Replies: 63
Views: 6773

Re: Who's selling now?

paper200 wrote:The question is who is buying now?



I am. This 8% drop the past few days has put my 70/30 allocation quite a bit out of whack.
by tj
Mon Aug 24, 2015 6:35 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

Betterment apparently did not trade today for me. if I was doing the trading instead of the algorithm, I'd have Tax Loss Harvested despite the potential wash sales. The robot apparently wants to avoid the wash sales. I would jut sell everything @ betterment to take the huge tax deduction, but I don'...
by tj
Mon Aug 24, 2015 9:34 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

Today is a day when a robo would make me nervous. In real Time I've seen VOE go from 15% down to 24% down to 10% down over a short period of time. If the TLH pair is not doing the same random short term value changes, it is very possible that robo sells my VOE at a very low price and buys the TLH p...
by tj
Mon Aug 24, 2015 8:50 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

Today is a day when a robo would make me nervous. In real Time I've seen VOE go from 15% down to 24% down to 10% down over a short period of time. If the TLH pair is not doing the same random short term value changes, it is very possible that robo sells my VOE at a very low price and buys the TLH pa...
by tj
Sun Aug 23, 2015 5:34 pm
Forum: Personal Consumer Issues
Topic: Online clothing shopping?
Replies: 16
Views: 1412

Re: Online clothing shopping?

I just looked at the brand of pants that had worn out and I found the same thing on Amazon and ordered a couple pairs. I have no idea if it was cheaper than the original store I bought the original pair from.
by tj
Fri Aug 21, 2015 2:46 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

and I think this might be where Schwab is superior to Betterment. The margin to TLH is much smaller, so I had some funds TLH'd on Wednesday missing the much larger drops of yesterday and today. ??? The replacement shares should have participated in the much larger drops of yesterday and today, so c...
by tj
Fri Aug 21, 2015 12:54 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 425
Views: 60687

Re: Schwab Intelligent Portfolios [now live]

and I think this might be where Schwab is superior to Betterment. The margin to TLH is much smaller, so I had some funds TLH'd on Wednesday missing the much larger drops of yesterday and today.
by tj
Wed Aug 19, 2015 10:34 am
Forum: Personal Consumer Issues
Topic: Travel Packages - Anyone Tried G-Adventures? Or Have Ideas for Sailing Trip?
Replies: 3
Views: 392

Re: Travel Packages - Anyone Tried G-Adventures? Or Have Ideas for Sailing Trip?

I haven't traveled with G Adventures, but I know several who have. It's a large reputable company. Go for it. If you've never gone sailing before, I might suggest a shorter trip first. The "mattresses" are not so comfortable.
by tj
Mon Aug 17, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to clone Wellesley
Replies: 16
Views: 1931

Re: How to clone Wellesley

RockawayRay wrote:What combination of Vanguard Index funds would most closely mimic the configuration of the Wellesley fund?


Intermediate Term Corporate Bond and High Yield Dividend Index. But if I wanted Wellesley, I'd use Wellesley, as Wellesley has more flexibility to shift into other types of stocks or bonds.
by tj
Mon Aug 17, 2015 7:06 pm
Forum: Investing - Theory, News & General
Topic: From Betterment to Vanguard
Replies: 18
Views: 2795

Re: From Betterment to Vanguard

TheGipper wrote:Betterment should really only be considered for a taxable account. The value is only in the tax lost harvesting software.



Yeha, no reason to use Bettterment or any of the robo's in an IRA.
by tj
Mon Aug 17, 2015 6:19 pm
Forum: Investing - Theory, News & General
Topic: Build Your Own Robo-Advisor
Replies: 21
Views: 2427

Re: Build Your Own Robo-Advisor

I would tend to agree. IMO, these AUM costs are justified only when the investor has access to a human being (preferably a CFA/CFP) that can help stay the course (i.e. Vanguard PAS). That may be worth the .30%... I disagree with this. I pay Betterment 15bps specifically to contribute my ongoing cap...
by tj
Sat Aug 15, 2015 10:42 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri Launching A Robo Advisory
Replies: 31
Views: 6824

Re: Rick Ferri Launching A Robo Advisory

A robo service which is able to manage IRA, ROTH, taxable, etc. and treat them as one pool and in the most advantageous tax manner would fill a niche. This is what betterment does. It breaks them up into separate goals with different timelines but is tax aware and efficient. You can also add all th...
by tj
Thu Aug 13, 2015 8:05 pm
Forum: Investing - Theory, News & General
Topic: Does the Three Fund Portfolio need a roboadviser?
Replies: 80
Views: 6518

Re: Does the Three Fund Portfolio need a roboadviser?

I use betterment myself, but what keeps me from recommending them is I don't know their plans to be acquired, if they will change the fee structure etc. I don't want a friend or family member to be stuck with it if it drastically changes, but I'm willing to risk my own $$$ for the value I see from t...
by tj
Thu Aug 13, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5601

Re: 5 Finance Myths Millennials Should Avoid

I'd say real estate is pretty random. My parents pressured me to buy in 2010 and I'm selling this week for 55% increase in capital (before selling expenses). I may have been better off investing that $$$, but it's also possible that I did better considering the use of leverage. I agree with you that...
by tj
Thu Aug 13, 2015 11:45 am
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5601

Re: 5 Finance Myths Millennials Should Avoid

I agree that a person like a Boglehead, who keeps a very close watch on their finances can make this work in their favor. However, I would say this is far less than half the population, and using credit to get rewards points is bad advice for the general public. I disagree. Most people are going to...
by tj
Wed Aug 12, 2015 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5601

Re: 5 Finance Myths Millennials Should Avoid

Using credit cards all boils down to your own personal degree of self-control. If you have issues with it, use the cash-in-a-cup method, or something similar to give yourself a greater sense of the amount and placement of money to be distributed. I would imagine for most of us, we're not going to b...
by tj
Wed Aug 12, 2015 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Sell analysis
Replies: 13
Views: 1044

Re: Rent vs Sell analysis

To increase your profits, you should be able to find a realtor that will list it for 2.5% / 2.5% rather than 3%/ 3%

You could even use flatfeegroup.com and try listing it yourself and just offering 3% to the buyers agent.
by tj
Wed Aug 12, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: 5 Finance Myths Millennials Should Avoid
Replies: 32
Views: 5601

Re: 5 Finance Myths Millennials Should Avoid

She is a communications major (no offense to communications majors but isn't that kinda like the "I partied through college" degree???). Not a communications major, but I cant' say it's any more of a fluff degree than many of the other arts degrees. At least if you're a commnuications maj...
by tj
Wed Aug 12, 2015 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Choosing to go with a Robo-Advisor and If so, which one?
Replies: 58
Views: 4473

Re: Choosing to go with a Robo-Advisor and If so, which one?

But very interesting trades - thanks for showing them. At first glance, once cannot tell if the account is just being churned as that is what it looks like.


My Emerging Markets TLHed again today.
by tj
Tue Aug 11, 2015 11:49 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri Launching A Robo Advisory
Replies: 31
Views: 6824

Re: Rick Ferri Launching A Robo Advisory

We were told beta test in July, most recently we were told end of the year. Nobody knows, other than it apparently includes ETFs and mutual funds.
by tj
Mon Aug 10, 2015 9:53 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri Launching A Robo Advisory
Replies: 31
Views: 6824

Re: Rick Ferri Launching A Robo Advisory

I will be critic here with question on my mind. Is it worth to pay 0.25-0.50% to roboadvisors to rearrange chairs on a floating ship? Remember everyone on that ship will reach the same destination .. Index funds are successful and sufficient for masses because nowadays they charge ER around 0.10%. ...
by tj
Sun Aug 09, 2015 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to get laid off[? company laying people off with good severance package]
Replies: 28
Views: 3736

Re: How to get laid off to get a package?

Whyu would they offer a package to someone who wants to leave anyway?
by tj
Thu Aug 06, 2015 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Chase asking for liquid net worth, total net worth...
Replies: 46
Views: 6205

Re: Chase asking for liquid net worth, total net worth...

Thank you for all the good information. I was not totally truthful because I thought the financial advisor was fishing for information, and I didn't want to be marketed to by Chase. Mom held all her investments at Vanguard, except for this very small TIRA. Interesting that the paperwork I signed to...
by tj
Mon Aug 03, 2015 11:48 pm
Forum: Investing - Theory, News & General
Topic: Our Mistakes Benefit Future Generations
Replies: 27
Views: 5303

Re: Our Mistakes Benefit Future Generations

Rick, just curious how many additional workers will be behind the 'robo' label, or if this is something you can manage with your current staff. I imagine this type of undertaking requires significant IT expertise as well as marketing savvy, but will you have any actual advisors dedicated to it? We'...
by tj
Thu Jul 30, 2015 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Strategies to reduce living costs for a single-person household?
Replies: 18
Views: 2243

Re: Strategies to reduce living costs for a single-person household?

There has always been a premium for living alone, even in smaller space. This is why I find compatible-ish roommates. :)
by tj
Tue Jul 28, 2015 7:23 pm
Forum: Personal Consumer Issues
Topic: Fed UP With Fed Ex
Replies: 23
Views: 1925

Re: Fed UP With Fed Ex

In my company's experience, UPS and Fedex have exactly the same rates for small package shipments. Perhaps if you do significantly more volume than us, it's negotiable?
by tj
Tue Jul 28, 2015 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

You don't need to do 24 transactions for the 5.09%. It's 12 transactions on the debit card and $1000 on the credit card, it could be a single $1000 transaction (you could charge estimated taxes some months and decrease your paycheck witholldings). I usually end up just doing the 4.09% for the 12 tr...
by tj
Mon Jul 27, 2015 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

I used to do these more frequently when interest rates were higher. I only recently started again with Consumers Credit Union and their 5.09% on $20k. TJ, I noticed that Consumers Credit Union has the best deal going, but how cumbersome is it for you? To get the 5% interest you have to do a total o...
by tj
Mon Jul 27, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

jackiechiles wrote:I use Santander that pays $20 a month for direct depositing $1500 a month and doing 2 bill pays.



Yep, those Spanish-owned American banks are great. Iget abotu $250/year off Santander and BBVA Compass. The BBVA Compass program is dying though. :(
by tj
Mon Jul 27, 2015 12:08 am
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

which perhaps average $50 each, Well, that's your problem right there. My average transaction is probably $4-$5. I mostly do it for breakfast on the way to work and lunch out while working. I could be using my 5% cashback credit card, but spending $4 x 24 (12 debit transactions, and 12 transactions...
by tj
Sun Jul 26, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

which perhaps average $50 each, Well, that's your problem right there. My average transaction is probably $4-$5. I mostly do it for breakfast on the way to work and lunch out while working. I could be using my 5% cashback credit card, but spending $4 x 24 (12 debit transactions, and 12 transactions...
by tj
Sat Jul 25, 2015 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Rewards Checking-An Easy Way to Earn Extra Money
Replies: 22
Views: 2805

Re: Rewards Checking-An Easy Way to Earn Extra Money

I used to do these more frequently when interest rates were higher. I only recently started again with Consumers Credit Union and their 5.09% on $20k.
by tj
Sat Jul 25, 2015 5:37 pm
Forum: Personal Consumer Issues
Topic: Jet.com
Replies: 11
Views: 1834

Re: Jet.com

I've picked up Quest Bars, Pop Chips, toilet paper and Extra gum - all better than Amazon price. Shipping is not as fast though.
by tj
Thu Jul 23, 2015 11:20 pm
Forum: Personal Consumer Issues
Topic: How to pay taxes on blog income?
Replies: 53
Views: 3835

Re: How to pay taxes on blog income?

I'm self employed and some of my clients send a 1099, and some don't. I report it all. The IRS doesn't care about proving you have income (who would over report after all) -- the problems would arise if you under report what you were 1099'd for. Just track and report it all, fill out schedule c, an...
by tj
Tue Jul 21, 2015 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11178

Re: How do people afford children with a SAHM?

$85,000 would put you ahead of~75% of all other wage earners in the USA. If you cannot afford now, then when? Ahead of 80%? 90%? More? Point is, people of significantly less means successfully pro-create. You can too provided that is a priority and you are willing to sacrifice. Also, don't forget t...
by tj
Mon Jul 20, 2015 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance: Graded vs. Level?
Replies: 3
Views: 292

Re: Disability Insurance: Graded vs. Level?

When you break the numbers out like that, graded does make a lot of sense if you are certain you will quit working that soon, but what if you can't retire that soon? That's a risk you need to decide if you'd like to take. We can't decide for you.
by tj
Mon Jul 20, 2015 1:01 pm
Forum: Personal Consumer Issues
Topic: The " Corolla" investment....
Replies: 51
Views: 5808

Re: The " Corolla" investment....

SWEET! I managed to get our 2001 up to 234,000 before a patch of early morning black ice and a pine tree ended my run. :( I also only did oil changes and brake pads and both were done as cheaply as possible. It was a tough little car. It was in 3 accidents prior to its deathblow. I think all the ex...
by tj
Sat Jul 18, 2015 10:36 am
Forum: Personal Finance (Not Investing)
Topic: 60K Car Maintenance Service = $600. Is this Reasonable?
Replies: 51
Views: 4557

Re: 60K Car Maintenance Service = $600. Is this Reasonable?

Flush brake fluid - every 2 years
Flush radiator coolant - every 3-4 years or 60k miles
Differential fluid drain and fill - every 60k miles
ATF drain and fill - every 30 k miles


I have a 2011 Civic with around 57k miles and I don't know that any of these have ever been done.
by tj
Thu Jul 16, 2015 4:41 pm
Forum: Investing - Theory, News & General
Topic: International bonds - VTIBX - bubble, short, stay
Replies: 28
Views: 2553

Re: International bonds - VTIBX - bubble, short, stay

I was invested in DODLX for a little while, but not anymore. I moved that capital to rewards checking accounts. Higher rate, no volatility.

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