Search found 503 matches

by BanditKing
Thu Jun 22, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 25
Views: 3614

Re: Emergency Fund too large

You could flip the questions another way. How much of your $300k could you stand to lose "on paper", knowing it should eventually come back? If you're only willing to risk 20% of it, then that's different then if you're willing to risk 50% of it. From there, you can find a good AA for it. ...
by BanditKing
Thu Jun 22, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 7
Views: 352

Re: New Employer - New 401(k) Options

Thanks for the input everyone! I will plan on going with the 48%, 12%, 20%, and 20% allocation. Just a quick clarification. Are you looking for international equity to be 20% of your overall portfolio? Or 20% of the equities portion of your portfolio? Usually, people here post in the later format (...
by BanditKing
Wed Jun 21, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Royalties &/or Residuals: Invest?
Replies: 6
Views: 491

Re: Royalties &/or Residuals: Invest?

It's an income stream. Do with it what you would do with income normally. I assume over time the royalties will shrink. Personally, I'd consider it "found money" and use it to pay down any debt, makes sure my emergency fund was solid, and then send all of it to investments; pretend I'm not...
by BanditKing
Wed Jun 21, 2017 1:44 am
Forum: Investing - Help with Personal Investments
Topic: New Employer - New 401(k) Options
Replies: 7
Views: 352

Re: New Employer - New 401(k) Options

First, that's a GREAT 401k lineup! Second, check this out how to approximate total market using the S&P500+Extended market https://www.bogleheads.org/wiki/Approximating_total_stock_market Target retirement funds are great, and pretty much "set-it-and-forget-it" fund. Unless you want to...
by BanditKing
Mon Jun 19, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: 19 y/o Windfall Questions
Replies: 25
Views: 2821

Re: 19 y/o Windfall Questions

aristotelian wrote:Probably the best thing you could do for her is take $20 of the $45K and buy the Bogleheads Guide, then let her decide how to invest it.



^^^ This
by BanditKing
Mon Jun 19, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2412

Re: What Is The Right Amount For An Emergency Fund?

I decided I need 2 years EF to feel comfortable. If I was in a field that was less-niche, I'd probably dial it back to 12 months. Just curios, but since your EF is so large (2 years) where do you keep it and do you do tiers? Yes, it's tiered. Some is at Ally Bank. Some is in Series I Bonds at treas...
by BanditKing
Sun Jun 18, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2412

Re: What Is The Right Amount For An Emergency Fund?

My biggest risk of needing to dip into my EF is losing my job. Personally, I'm in a pretty niche field that would require me to relocate when/if I could get a new job. Ageism in the IT industry isn't exactly making it any easier. I decided I need 2 years EF to feel comfortable. If I was in a field t...
by BanditKing
Sun Jun 18, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan vs Mortgage
Replies: 26
Views: 1625

Re: Auto Loan vs Mortgage

Goal33, putting 20% down for a refinance would require more $$ out of pocket versus paying $29k to remove PMI. Should still look into it. With appreciation and your additions, might be able to hit <80%. Worst case it's just the cost of appraisal, but you can get a sense of value when you talk to th...
by BanditKing
Sun Jun 18, 2017 11:53 am
Forum: Personal Consumer Issues
Topic: Office Chair
Replies: 15
Views: 1120

Re: Office Chair

After years of waffling, I just purchased a loaded Aeron chair off Amazon for a little over $630 about a month ago (price has dropped since then). VERY happy with it. Did get different high-quality wheels for it (about $35). My back and butt feels MUCH better than my previous office-depot-quality ch...
by BanditKing
Sun Jun 18, 2017 3:01 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 17
Views: 1958

Re: Unexpected raise while househunting-- should I change my budget?

Don't buy more house than you need. A good BH rule-of-thumb. Take the 25% raise and consider it "found money" and save it to add to your emergency fund and for household repairs. Don't let the raise add to your lifestyle creep outside of joining a gym and maybe taking a roadtrip for a coup...
by BanditKing
Sun Jun 18, 2017 2:42 am
Forum: Investing - Help with Personal Investments
Topic: How to invest a windfall for the short term
Replies: 8
Views: 706

Re: How to invest a windfall for the short term

I have a windfall "cooking" right now in Vanguards Intermediate Muni fund (VWIUX). My IPS requires me to hold at least 90% of any windfall for at least six months in something relatively low risk before I can tap it. Probably a good option (or the Limited-term or Short-term versions of the...
by BanditKing
Sat Jun 17, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 78
Views: 4332

Re: Your Favorite Portfolio Tilts

I have a few small tilts. In Bonds, I recently added a 10% tilt towards Emerging Market International bonds In Equities, I have a 10% REIT tilt and the remainder tilts towards US (80/20 US/International) My US itself has a 20% tilt towards consumer goods (Vanguard's VDC ETF) My International has a 2...
by BanditKing
Sat Jun 17, 2017 8:17 pm
Forum: Personal Consumer Issues
Topic: Any alternatives to Tempur-Pedic for memory foam???
Replies: 12
Views: 1068

Re: Any alternatives to Tempur-Pedic for memory foam???

I have a Leesa and have had Tuft and Needles as well. Similar to Casper.

All three are very good quality. Research up which one would have the firmness you want.
by BanditKing
Fri Jun 16, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 29
Views: 1943

Re: USAA opinions. Worth it?

I was with USAA for over 30 years, but finally gave up on them two years ago. Even with multiple insurance products (vehicle, homeowners, umbrella), my rate were over twice what I could get at GEICO or American Family. Sure their service is great, but it just wasn't worth it. I think the thing that ...
by BanditKing
Thu Jun 15, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Money - What to do if not paying off?
Replies: 2
Views: 485

Re: Mortgage Money - What to do if not paying off?

Money is fungible. It doesn't really care about where it comes from. You just need to know your tax situation as it relates to dividends. That said, you should not have a higher mortgage (or any debt)than you can comfortably handle. If it's that tight, you need to increase income (however you do it)...
by BanditKing
Thu Jun 15, 2017 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: 23YO newbie looking for some help from the experienced!!
Replies: 8
Views: 649

Re: 23YO newbie looking for some help from the experienced!!

I thank everyone for their input. My car payment of 580 includes my insurance which is 280 dollars a month because of my age. I will work on getting my CC down to zero and work on my students loans. Would you suggest me maxing out on a ROTH IRA and then work on my deferred compensation? Also in reg...
by BanditKing
Thu Jun 15, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: 23YO newbie looking for some help from the experienced!!
Replies: 8
Views: 649

Re: 23YO newbie looking for some help from the experienced!!

The good news is your expenses are pretty low. If living at home is working for you and your parents (ie, you get along and you have adequate privacy), then no reason to change that any time soon. Because of that, you can do things a little different than the general recommended order. Start buy put...
by BanditKing
Thu Jun 15, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4699

Re: Curious to odd estate question

Put it all on black. If you win, do it again. Repeat until red. Eventually you'll lose and have nothing.
by BanditKing
Tue Jun 13, 2017 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-Debit May Not Be Such a Good Idea
Replies: 25
Views: 3066

Re: Auto-Debit May Not Be Such a Good Idea

I do autopay on most everything that I can. I do "push" my mortgage payment on the 1st of the month from my bank, but that is scheduled as a recurring payment. If I can, it goes to my credit card. For those that don't take credit card, in my case, water, electric as well as my actual Fidel...
by BanditKing
Thu Jun 08, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-Efficient Placement - International Bonds
Replies: 3
Views: 320

Tax-Efficient Placement - International Bonds

I know many BHers aren't big on International Bonds, and I personally am still undecided on their overall diversification value. That said, VWOB/VGAVX has caught my attention lately, though I acknowledge a little recency-bias in that interest coupled with a couple articles I've read. Out of curiosit...
by BanditKing
Wed Jun 07, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Have GEICO auto, asked for quote online, $150 less
Replies: 30
Views: 3581

Re: Have GEICO auto, asked for quote online, $150 less

I'm at GEICO. Recently removed my soon-to-be-ex wife and the premium recalculated to $370/6-mo. I have a $500 deductible, full coverage and roadside service. This is for a 2012 Lincoln MKX and a small tow-behind popup/AFrame camper. I also have a $1M Umbrella policy with them for about $120/yr. GEIC...
by BanditKing
Wed Jun 07, 2017 10:01 pm
Forum: Personal Consumer Issues
Topic: Buying a House with an Old but Working Roof
Replies: 19
Views: 1019

Re: Buying a House with an Old but Working Roof

Offer less and explain why. Save some to replace the roof in 5-10 years.
by BanditKing
Tue Jun 06, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2213

Re: Boglehead Board Game!!

oldcomputerguy wrote:
Teague wrote:Your Corolla reaches 300,000 miles. Spend eight bucks to get it washed.


Or spend $2 at the local u-wash-it.


I dunno, for 300k, I think one can splurge a little bit. Sometimes you just have to treat yourself, y'know?
by BanditKing
Tue Jun 06, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Looking at purchasing a commercial property, how do these terms look?
Replies: 8
Views: 594

Re: Looking at purchasing a commercial property, how do these terms look?

Sounds to me like if you are scrambling to understand it at this very last moment, maybe now isn't the time to be buying and you should wait for the next opportunity while you educate yourself. There is a lot of information missing to make a recommendation (occupancy, rents, etc). Personally, if I w...
by BanditKing
Tue Jun 06, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2213

Re: Boglehead Board Game!!

Every turn, you can choose to move ahead 2 spaces (slow and steady) for free and get +5% of your money, or draw a movement card which could have you move ahead 3 or 4 or 5 spaces, or send you back the same and give you anywhere from -20% to +20% of your money. The movement cards are rigged against y...
by BanditKing
Mon Jun 05, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4521

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

serbeer wrote:Per OP, "There is no state income tax."


Missed that. Thanks for the correction. :)
by BanditKing
Mon Jun 05, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: laptop advice
Replies: 20
Views: 1162

Re: laptop advice

SSD is very nice in part because it uses a lot less power, in addition to being blazingly fast and more rugged than a hard drive. I purchased an Asus ZenBook Flip UX360CA with a 512gb SSD (Windows 10) about 10 months ago and I'm exceedingly happy with it. It's lightweight, rugged (metal case), good ...
by BanditKing
Mon Jun 05, 2017 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor via Solo 401k
Replies: 14
Views: 859

Re: Backdoor via Solo 401k

As far as setting up a Solo401k. Fidelity's is free, and I believe Vanguards is free if you have $50k or more in funds in your name. There's setup paperwork, and an annual filing if reach a certain amount in the account (from memory, but I think it's $250k), but both are fairly straight forward and ...
by BanditKing
Mon Jun 05, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard ETF vs Admiral class
Replies: 18
Views: 1706

Re: Vanguard ETF vs Admiral class

I like low fees on principle, even if it reflects only a few dollars of savings in the end. As such, if I can't reach admiral thresholds, I will often pick up the ETF version until I do have enough. For example, in my taxable, I have about $6500 in VWO (Vanguard FTSE Emerging Markets ETF). When I ge...
by BanditKing
Mon Jun 05, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4521

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

Also don't forget to take State taxes into account too. If you don't convert it, and then relocate to a state without income tax, or that doesn't tax retirement funds, (assuming you are in one that does now), you could save some more.
by BanditKing
Mon Jun 05, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Do municipal bond funds make sense for me?
Replies: 8
Views: 831

Re: Do municipal bond funds make sense for me?

Sorry, I totally forgot to mention that part! My retirement accounts are maxed out so this bond fund is going in taxable. I strongly recommend you re-post your question using the desired format so everyone can get a complete picture of what you are asking. See: https://www.bogleheads.org/forum/view...
by BanditKing
Sun Jun 04, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: IPS Guidelines for Small to Large Windfalls?
Replies: 12
Views: 881

Re: ISP Guidelines for Small to Large Windfalls?

I'm often amazed at the detail people put into their IPS. Mine is a basic guideline of asset allocation, contribution amount and to which account, and general goals (pay down debt, save for X, etc). I do not include every single little detail that could happen in my life because I am able to figure...
by BanditKing
Sun Jun 04, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: IPS Guidelines for Small to Large Windfalls?
Replies: 12
Views: 881

Re: IPS Guidelines for Small to Large Windfalls?

Here's what my IP statement says with regards to windfalls: IV: Investment Philosophies [...] 4) At least 90% of any windfall exceeding $10,000, including inheritances, will be held as low to medium risk fixed-income assets or cash for at least six months. The remaining 10% may be used for any purpo...
by BanditKing
Fri Jun 02, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Responding to a weird job interview question..
Replies: 31
Views: 2952

Re: Responding to a weird job interview question..

For me it would depend on the nature of the vulgarity. I have zero tolerance for sexism, racism, homophobia, political hate or any other hateful garbage. Four letter words are fine and friendly ribbing can make for good workers, but the line can be pretty fine. I'd probably ask for clarification of ...
by BanditKing
Fri Jun 02, 2017 1:46 am
Forum: Investing - Theory, News & General
Topic: Place to put Cash - short term
Replies: 30
Views: 3865

Re: Place to put Cash - short term

Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) may be an option, if you want minimal risk to NAV. Even though it's taxed, it's after-tax yield is similar to Vanguard Short-Term Tax-Exempt Fund Admiral Shares (VWSUX). If you don't want to muck about with bond funds or Muni ETFs, then Ally...
by BanditKing
Thu Jun 01, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.
Replies: 20
Views: 1576

Re: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.

Congratulations. I think that Fidelity Card is a lot better than Sky Miles. If you can't scrape up 2500 bucks for an index fund, where I put my credit card money then I would recommend trying to move a little money around, find something where you could get to the 2500 bucks. That Fidelity Total St...
by BanditKing
Thu Jun 01, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.
Replies: 20
Views: 1576

Re: Help me decide how my Fidelity 2% Cashback rewards should be invested plz.

I just invest mine in a mess of different no-fee ETFs, depending on what catches my interest that day. Basically a play-money account. I've invested in PFF, RING, FDRR and MUB, for example. Kinda fun to watch the numbers bob up and down (depending on your definition of fun I guess). http://etfdb.com...
by BanditKing
Thu Jun 01, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: New here, selling my businesses, need advice.
Replies: 9
Views: 1057

Re: New here, selling my businesses, need advice.

Good advice above. Take your time. You've received a windfall https://www.bogleheads.org/wiki/Managing_a_windfall The most important thing to realize is that you don't need to be giving your newfound money to any financial manager, no matter how friendly they are towards you. They'd love to get thei...
by BanditKing
Thu Jun 01, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Impending income increase - need help with taxable account and other decisions
Replies: 5
Views: 549

Re: Impending income increase - need help with taxable account and other decisions

Also - her loans amount to about 35k and deferment is not an option because they are consolidated with SoFi at 3.8% fixed on a five year repayment schedule. This makes me inclined to pay them off and take the 3.8% guaranteed "return". In this case, yes, I'd recommend paying it off. It's a...
by BanditKing
Thu Jun 01, 2017 3:29 am
Forum: Investing - Help with Personal Investments
Topic: Impending income increase - need help with taxable account and other decisions
Replies: 5
Views: 549

Re: Impending income increase - need help with taxable account and other decisions

Also, if she's returning to school, she may be able to put her student loans into deferment until she's done. Otherwise, I'd probably take the monies you have now and pay it off just to have it gone and increase cashflow while her income is reduced.
by BanditKing
Thu Jun 01, 2017 3:25 am
Forum: Investing - Help with Personal Investments
Topic: Impending income increase - need help with taxable account and other decisions
Replies: 5
Views: 549

Re: Impending income increase - need help with taxable account and other decisions

Depending on your state's rules, a 529 may be advantageous for your wife's schooling the next two years. At least in Wisconsin, we are able to contribute to the 529, and withdraw it out a short time later (days) and still take the deduction on our state income tax. Even in an ultra-conservative fund...
by BanditKing
Wed May 31, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Ultra-Short-Term Bond Fund now available
Replies: 71
Views: 15136

Re: Vanguard Ultra-Short-Term Bond Fund now available

I'm embarrassed to say I did not know this fund existed. I'm rethinking keeping the cash portions of my EF here instead of at Ally (most of the rest of it is in VWIUX). A few bucks is a few bucks, after all :)
by BanditKing
Wed May 31, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Condo Assoc seeking thoughts
Replies: 24
Views: 2230

Re: Condo Assoc seeking thoughts

I'm the president (I got volunteered) of our very small condo association (only 11 townhomes) and we had to do an assessment last year for some repairs to our roof due to a faulty construction, the EIFS Siding, and to get our driveway patched. Up until that, the HOA fees were very low ($125 when I m...
by BanditKing
Wed May 31, 2017 10:51 am
Forum: Personal Consumer Issues
Topic: Any books really change your outlook on life?
Replies: 280
Views: 44896

Re: Any books really change your outlook on life?

Just finished reading (audiobook) "A Man Called Ove" by Fredrik Backman for a local book club. Really a touching story that gives some perspectives on life and love, especially for a grumpy sourpuss like me. If you're an audiobook person, like I am, the narration on that version is top not...
by BanditKing
Tue May 30, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Best Vanguard fund for emergency fund?
Replies: 21
Views: 2818

Re: Best Vanguard fund for emergency fund?

How much are you willing to lose in a downturn? That question is the one that needs to be answered to determined the level of risk you are willing to take with your emergency fund. Most people aren't willing to risk much, while others have enough in their EF portfolio that even a 50% market drop won...
by BanditKing
Sun May 28, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Where to save for house downpayment?
Replies: 12
Views: 1347

Re: Where to save for house downpayment?

How much of your down payment savings are you willing to risk? That really is the first question. If you had it all in stocks and it takes a dump, you could lose half of it, but you also have the most potential for upside. If you put it into a high-yield savings (ally 1.05%) then you have effectivel...
by BanditKing
Sun May 28, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Idea for Fun Money Account, Good, Bad or Ugly?
Replies: 32
Views: 1858

Re: Idea for Fun Money Account, Good, Bad or Ugly?

It's a gambling account, which for many is fun. Not much different than saddling up to the blackjack table in Vegas. Sometimes you win, sometimes you lose, and if you know what you are doing maybe you win a little more than others. In the end, the house always wins (ie, trading commissions).
by BanditKing
Sat May 27, 2017 8:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: Online group meetings via web conference? [Virtual online chapter]
Replies: 41
Views: 3756

Re: Online group meetings via web conference? [Virtual online chapter]

I'm still interested. Not able to organize, however, at this time.
by BanditKing
Fri May 26, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a condo but owner didn't pay property taxes
Replies: 10
Views: 2556

Re: Renting a condo but owner didn't pay property taxes

Is it an option for you to buy the condo? Might be able to get it at a song.

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