Search found 63 matches

by Tyr0ne
Sat Aug 18, 2012 1:57 pm
Forum: Investing - Theory, News & General
Topic: How do target date retirement funds "end?"
Replies: 3
Views: 1429

How do target date retirement funds "end?"

This question applies to other mutual funds/ETFs as much as target date retirement funds. It's my understanding that many target date retirement funds are designed to "work" well after the target date, and typically maintain whatever conservative allocation that existed at the target date. But how do the logistics work when a fund eventually ends or is closed? Are all the underlying securities sold and the fund investor is forced to take a large payout? Is the investor given the option to roll the holdings into another fund? Excuse my ignorance if this is a simple question.

Best regards
by Tyr0ne
Sat Aug 04, 2012 1:35 am
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 127
Views: 26862

Re: Side jobs or hobbies that make you money

HongKonger wrote:
tycoryj wrote:I have been strongly considering getting into buying and reselling tickets to events, mainly concerts. The margins are ridiculously big and you can buy as many or as few as you want. Doesn't require a whole lot of time except for staying on top of tickets that are likely to sell out in a matter of hours. I have yet to discover why more people don't do this.
Because scalping is generally illegal perhaps.
In california scalping is only illegal if you resell the tickets at the physical location of the event.
by Tyr0ne
Fri Aug 03, 2012 8:30 pm
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 127
Views: 26862

Re: Side jobs or hobbies that make you money

I have been strongly considering getting into buying and reselling tickets to events, mainly concerts. The margins are ridiculously big and you can buy as many or as few as you want. Doesn't require a whole lot of time except for staying on top of tickets that are likely to sell out in a matter of hours. I have yet to discover why more people don't do this.
by Tyr0ne
Wed Aug 01, 2012 4:22 pm
Forum: Personal Investments
Topic: Selling beaten down stocks for index funds
Replies: 6
Views: 2082

Selling beaten down stocks for index funds

During my more naive years (every year prior to about 10 months ago, as I have since read several books on the bogleheads reading list and frequent this forum often), I thought it would be cool to invest in a bunch of video game stocks, as I had read everywhere that the video game industry was growing exponentially, and with the introduction of the family unit into gaming, video games were sure to be on their way even higher indefinitely. So, I put most of what I could afford (fortunately only ~$8k) in stocks like Electronic Arts, Take Two, and Activision :oops: . These stocks have since plummeted, especially EA. I am probably down about 35-40% from my intial portfolio (taxable account). Every day I watch as these stocks go lower and lower,...
by Tyr0ne
Tue Jul 17, 2012 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritence and CA community property
Replies: 4
Views: 817

Inheritence and CA community property

I am aware that community property is a very state-specific subject (I live in CA), but I was hoping to clear some confusion about the relationship between inheritence and community property. It's my understanding that property earned/bought/owned prior to marriage stays "separate" as long as it isn't co-minlged with joint assets, "non-personal" spending, etc. once you are married. My question then, is that if I use my inheritence (~$200k) to generate additional income each year (treating it like principal), and the income flows to a joint account, would the "principal" still be protected (i.e., considered separate property). I may be thinking about this all wrong. Side question: It is also my understanding tha...
by Tyr0ne
Sat Jul 14, 2012 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: How do these "lease to own" programs work?
Replies: 6
Views: 1256

How do these "lease to own" programs work?

These rental posts are practically taking over craigslist. The prices are always ridiculously low, and there is obviously a catch. What is it? (note: I want no part of this, I am just curious how these scammers make money)
Example: http://sfbay.craigslist.org/eby/apa/3139562457.html
by Tyr0ne
Wed Jun 27, 2012 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: How do debt relief/cancellation programs work?
Replies: 3
Views: 948

How do debt relief/cancellation programs work?

I am not actually in any debt, but I have been hearing about these programs on radio commercials every since the economy tanked in 2008, and am really curious as to how they work. Surely the people who operate these programs are making lots of money and aren't just in it to help out your average joe. They merely ask for a "low monthly payment," and allegedly you come out paying just a fraction of what you originally owed. I call bologna. Is there some trick where you can declare bankruptcy without ever legally declaring it? Whats the deal with these programs?
by Tyr0ne
Sat Jun 23, 2012 10:22 pm
Forum: Personal Investments
Topic: Investing a windfall - confused about Vanguard "rules"
Replies: 3
Views: 1098

Investing a windfall - confused about Vanguard "rules"

I will be receiving somewhere around ~$150k in a few months, and am in the process of creating a plan I can stick to, and I am still a little confused about the "rules" to Vanguard mutual funds, in particular Admiral shares. I am only 24, no debt, no family obligations, 6 months emergency fund already full, a 2004 Acura in great shape with only ~70k miles, and making ~$70k as a CPA tax associate. 2011 and 2012 Roth IRA contributions are maxed out, and my withholdings are on pace to max the 401k this year as well. I don't plan on an all in lump sum when I receive it, but I was hoping I could at least "open" a few of the tax managed admiral shares funds for my taxable account, maybe around $12-15k in each. I feel like ther...
by Tyr0ne
Wed Jun 20, 2012 11:33 pm
Forum: Investing - Theory, News & General
Topic: How would taxing wall street transactions affect the market?
Replies: 6
Views: 1027

How would taxing wall street transactions affect the market?

Mark Ruffalo and Tom Morello launch "Robin Hood Tax" plan to outlaw Wall Street excess http://www.rawstory.com/rs/2012/06/19/mark-ruffalo-and-tom-morello-launch-robin-hood-tax-plan-to-outlaw-wall-street-excess/ Mark Ruffalo (yes, the Hulk!) and Tom Morello (Rage Against the Machine) have started a campaign that is essentially a small tax (about .5%) on certain Wall Street transactions We’re talking high-frequency trades carried out by computer algorithms, billion-dollar bets on currency fluctuations, credit default swaps and other derivatives. ALL politics aside, how do you guys think this would affect markets (if at all)? Now that I think about it, short term cap gain tax treatment vs. long term cap gain tax treatment already pro...
by Tyr0ne
Sun May 20, 2012 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA exam
Replies: 39
Views: 6860

Re: CPA exam

What would you suggest doing to study? There are courses offered by Becker as well as buying books and studying on your own. Is one way better than the other? Are there online study guides for CPA exam as well? The general consensus at the CPA firm I work for is that materials are kind of secondary to individual effort. I used Roger CPA Review, which is half the price of Becker, and his materials were more than enough to pass all on the first go. I think Roger CPA may be local though, but the point is, I think you are fine with a cheaper alternative as long as you put in the hours. Also, I would highly recommend CPAreviewforfree.com. It is 100% free and I used it as a supplement to my Roger CPA. All it is is hundreds of multiple choice que...
by Tyr0ne
Tue May 15, 2012 7:59 pm
Forum: Personal Consumer Issues
Topic: Hair clippers? Any self-barbers out there?
Replies: 42
Views: 8550

Re: Hair clippers? Any self-barbers out there?

Also a big supporter of Wahl. Cutting your own hair when you keep is so short and only 1 length all the way around seems like a no-brainer. I wasted money for years going to a barber every 3 weeks. I bought the 27-piece Wahl 79524-1001 on Amazon a couple years ago and its been amazing.
by Tyr0ne
Thu May 10, 2012 5:28 pm
Forum: Personal Investments
Topic: Large inheritance: invest all at once or gradually?
Replies: 9
Views: 2531

Re: Large inheritance: invest all at once or gradually?

This might be helpful. http://www.bogleheads.org/forum/viewtopic.php?f=10&t=86433&newpost=1239761 I feel stupid for not having found this in the search engine. This topic has a whole world of discussion on the forum, I have plenty to read (including the books from the reading list). I am glad I won't be receiving the money for at least a few months, hopefully I can remove as much psychology from the equation as possible. The general idea I'm getting is that DCA is really only valuable for maintaining your sanity as a young investor. Thanks for the advice guys, I LOVE the amount of logic/common sense and healthy debate on Bogleheads. I work with a bunch of 20somethings CPA's who all think they've figured it all out and it gets old r...
by Tyr0ne
Thu May 10, 2012 1:55 pm
Forum: Personal Investments
Topic: Large inheritance: invest all at once or gradually?
Replies: 9
Views: 2531

Large inheritance: invest all at once or gradually?

New to the forum, just finished Bogleheads and am about to attack the reading list I just found on this forum, lots of respect for the knowledge and advice you guys have to offer. I am 24, just starting my career as a CPA, and am in line to inherit around $150k in a 3-6 months (grandma recently passed). Its been fun managing my portoflio of about $10k, but having this kind of money seems like a whole new ball game (at least psychologically). I am fairly new to Vanguard as well, so I don't have a firm grasp on automatic investing or exchanges between Vanguard funds. From the little knowledge I have, my intuition tells me to NOT invest all of the $150k at once into a portfolio appropriate for my age (say, 80/20 equities/bonds in Vanguard mutu...