Search found 199 matches

by BlackStrat
Fri May 19, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Return visitor in need of a little assistance
Replies: 13
Views: 946

Re: Return visitor in need of a little assistance

Remember that you can do it any way you'd like; you don't necessarily have to take an immediate 10% plunge to get to 30%.

Do it in smaller increments over the course of the year
(then you can second guess it and determine how much you saved/gained/lost with that approach :happy )
by BlackStrat
Fri May 19, 2017 6:40 am
Forum: Investing - Theory, News & General
Topic: Is the Total Stock Market Index fund tax efficient?
Replies: 20
Views: 2975

Re: Is the Total Stock Market Index fund tax efficient?

It's the expense ratio... https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0585 Used to be 0.07%, now it's down to 0.04% so $400 a year (I made a typo up there saying a month, it's a year) in fees to own $1 million in that fund. $1 million in a typical active fund will cost...
by BlackStrat
Thu May 18, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Is the Total Stock Market Index fund tax efficient?
Replies: 20
Views: 2975

Re: Is the Total Stock Market Index fund tax efficient?

If you have a million dollars in TSM, you're only paying $3000 a year in taxes on it. (And pulling down $20,000 in dividends). That's pretty tax-efficient. You'll also be paying $700 a month in fees to invest in it ... Meanwhile, the average active fund is costing you $10,000 in taxes, and $10,000 ...
by BlackStrat
Wed May 10, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 41
Views: 6932

Re: Retire Early?? Need a sense check

I am still concerned about asset allocation. 70/30 is pretty high risk. You say that is across accounts, but the distribution is important since your taxable account has a shorter time horizon. What is your allocation in the taxable account for the funds intended to cover the bridge years? What if ...
by BlackStrat
Sat May 06, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Tips From Older Bogleheads?
Replies: 52
Views: 4286

Re: Tips From Older Bogleheads?

2015 wrote:I should have developed and thoroughly thought through every aspect of an investment policy statement at long before I actually did so.


Exactly!

Have a logical plan based on what you learn from the Bogle philosophy and be ready for either a bull or bear market
by BlackStrat
Fri Apr 14, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Estimated Payments - Fed & State
Replies: 10
Views: 741

Re: TurboTax Estimated Payments - Fed & State

Very helpful info - never really understood the estimated tax process (amazing what a little reading does for ya). I'm assuming that maybe TT doesn't take into account deductions such as charitable giving (?). I was going to open a Donor Advised Fund near the end of this year (after making sure I'm ...
by BlackStrat
Fri Apr 14, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax Estimated Payments - Fed & State
Replies: 10
Views: 741

TurboTax Estimated Payments - Fed & State

I guess I'm in a good position where all of a sudden I have to pay estimated taxes for both Fed and State (MD). However, I just finished my taxes for 2016 with the following results: - I'm getting a Federal Refund of $1k for 2016 but made no estimated Federal tax payments last year - I'm paying Mary...
by BlackStrat
Wed Apr 12, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz
Replies: 13
Views: 1781

Re: NBC News: First Pot-Focused Fund Lets Americans Legally Invest In Hot Biz

I would think that once it's mainstream, Monsanto and some of the other agricultural conglomerates would step in and do it efficiently and profitably.
by BlackStrat
Wed Apr 12, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Ben Carlson Drawdown Chart
Replies: 18
Views: 3909

Re: Ben Carlson Drawdown Chart

both charts really helpful and valuable; especially when we start feeling cocky with an increasing equity percentage in our asset allocations.
by BlackStrat
Tue Apr 11, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 37
Views: 2514

Re: Breaking up with my Financial Advisor

when I moved inherited funds from my mother's Edward Jones account, I asked the EJ rep how HE could've charged her a nearly 5% load fee! That seemed to end the conversation pretty quickly.
by BlackStrat
Sat Apr 08, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 7190

Re: How does one determine their "number" and what exactly does it mean?

Like Taylor says, the SWR is just a guide we reference with the intention of being flexible if the market takes (or gives) more than expected. My current plan, if forced into an early retirement at 57, will be to take 3.3% until 65, and if the market has been generous increase to 4% (based on Trinit...
by BlackStrat
Thu Apr 06, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Got my second comma -- what is this anticlimactic feeling?
Replies: 55
Views: 6700

Re: Got my second comma -- what is this anticlimactic feeling?

Congratulations OP! We hit the same milestone of 2 commas with free and clear house a little later than you at age 49. That was 2 years ago, and we immediately poured the mortgage payment into extra savings and our NW has snowballed since then. Look at it this way: That one million will produce $40...
by BlackStrat
Fri Mar 24, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 39
Views: 4176

Re: AA after reaching your "freedom number"?

Although I guess we need to 'plan' for it, can we really expect a market drop of 50% to remain at the level indefinitely? Depending on our timeframe (even for someone at retirement age), I would like to think that some of this dramatic loss would be recovered by market gains relatively quickly after...
by BlackStrat
Fri Mar 10, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6887

Re: 28yo, New Millionaire, Advice on Wealth Management

Watch a couple of related movies/shows: 'The Wolf of Wall Street' (warning: very vulgar) 'Billions' (a Showtime series now in its' second season and available in OnDemand) These are the kind of people who will want to 'manage' your earnings (and it's good for you to look on ANY advisor in this light...
by BlackStrat
Tue Feb 28, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Time to invest
Replies: 18
Views: 2067

Re: Time to invest

You're not alone - plenty of people did the same thing. It's times like these where we finally realize that none of us can accurately 'time' the market. All you need to do is review many other posts referencing the so-called experts who are published calling for a huge drop in the market. With a lit...
by BlackStrat
Thu Feb 02, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax Software - Opinions?
Replies: 23
Views: 2693

Re: Tax Software - Opinions?

Does anyone have any experience with or know how this vendor can sell TurboTax Deluxe 2016 at such a discount?

http://www.greentaxexpert.com/index.php?route=product/product&product_id=75&search=tax
by BlackStrat
Thu Feb 02, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: How do you guys ignore this stuff?
Replies: 80
Views: 8681

Re: How do you guys ignore this stuff?

Step away....I repeat....STEP AWAY...from Marketwatch!!
by BlackStrat
Sun Jan 29, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Criteria for admittance to the 2-comma club
Replies: 79
Views: 6637

Re: Criteria for admittance to the 2-comma club

if one were to take unnecessary risks with his portfolio and lose a large percentage, would that make him a comma-kaze?
by BlackStrat
Sat Jan 28, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: Best way to fund your Donor Advised Fund
Replies: 31
Views: 2051

Re: Best way to fund your Donor Advised Fund

Appreciated securities always the better option! not to mention that you can invest the cash you would've donated to your charity into an index fund instead, which will diversify your holdings by getting rid of holdings previously isolated in one or two individual stocks; thus rebalancing your port...
by BlackStrat
Wed Jan 25, 2017 4:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 8914

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday Taylor - you're a calm ship in troubled waters!
by BlackStrat
Mon Jan 16, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29941

Re: Whats your number to walk away?

inbox788 wrote:Using 4% SWR, $500k adds $20k/month income


I think you meant $20k/year income.

I see your point, but mine was basically that I'm at the lower 'comfort' level of what I believe I could retire with, and a 'little more $$$' added on would be 'just right'.
by BlackStrat
Fri Jan 13, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4141

Re: Inquiring about family finances?

another option is to perhaps give him a book with the message that you're trying to find your way financially and you'd appreciate his take on your approach.
by BlackStrat
Fri Jan 13, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 48
Views: 8146

Re: Let's say you are dying this year

I'm really sorry for your family predicament.

You may want to hire an estate attorney that you and your father can meet with a review the existing accounts/portfolio in order to simplify things and possibly avoid any estate taxes in the future.

Good luck to you.
by BlackStrat
Fri Jan 13, 2017 3:10 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg - 5 Ominous Signs for the Securities Industry
Replies: 12
Views: 1643

Re: Bloomberg - 5 Ominous Signs for the Securities Industry

adamthesmythe wrote: I have no sympathy. These professions contribute little or nothing to the economy.


actually we may see a drop in yacht sales!
by BlackStrat
Thu Jan 12, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4141

Re: Inquiring about familiy finances?

since he has time now, why not just give him a copy of the 'Bogleheads Guide to Investing'?
by BlackStrat
Mon Jan 09, 2017 4:35 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 29941

Re: Whats your number to walk away?

My walk away number always seems to be about $500k more than what I currently have.

I keep thinking 'If only....'
by BlackStrat
Fri Jan 06, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Is driving for uber worth it for side money?
Replies: 67
Views: 11327

Re: Is driving for uber worth it for side money?

I didn't realize it worked like that (dollar amount per ride) - I thought you'd take a percentage of the total per ride.
by BlackStrat
Thu Jan 05, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: "Ponzi Schemes and Ego"
Replies: 10
Views: 1725

Re: "Ponzi Schemes and Ego"

"Embrace Your Ignorance"

-this would be a great band name!
by BlackStrat
Wed Dec 28, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 219
Views: 42788

Re: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!

Where did the money go? Did he buy himself Lamborghini that could be sold off to settle the debt? Did he take trips to Las Vegas and simply throw it all away? Are there accounts in his name somewhere that this money now sits in? This is was what I was wondering as well. How could he spend this kind...
by BlackStrat
Wed Dec 28, 2016 8:54 am
Forum: Investing - Theory, News & General
Topic: Picking Individual Stocks Is Dangerous
Replies: 58
Views: 5837

Re: Picking Individual Stocks Is Dangerous

I'm going to send this link to my investment club - I actually got them to purchase some S&P 500 index shares when we were flush with cash.
by BlackStrat
Tue Dec 27, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k kinda sucks
Replies: 8
Views: 696

Re: My 401k kinda sucks

You should also consider bringing up the poor choices with your HR department. You could discuss it with your coworkers as well to get them involved in petitioning for a possibly a better program.
by BlackStrat
Fri Dec 23, 2016 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Are my parents in good hands with this adviser?
Replies: 88
Views: 7404

Re: Are my parents in good hands with this adviser?

I can't remember the exact quote, but while I was reading the advisors' letter I couldn't help but think to 'keep your investing strategy simple enough that a 12-year old can understand it'
by BlackStrat
Fri Dec 23, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Can Bogleheads Have Fun Too?
Replies: 29
Views: 3099

Re: Can Bogleheads Have Fun Too?

No fun for you!

You'll suffer and you'll like it!

Every Day is a day of Penance!

:beer
by BlackStrat
Sun Dec 18, 2016 6:59 am
Forum: Investing - Theory, News & General
Topic: Investing in the current market?
Replies: 26
Views: 3167

Re: Investing in the current market?

One thing that I haven't heard mentioned which could have a dramatic effect on the near-term market is a drop in Corporate taxes and allowing offshore money to be brought back at lower rates and invested here. I heard yesterday a 35% to 15% corporate rate adjustment could result in a 20% increase in...
by BlackStrat
Fri Dec 16, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Charitable tax writeoffs in retirement w/Donor Advised Fund
Replies: 3
Views: 359

Re: Charitable tax writeoffs in retirement w/Donor Advised Fund

yes, I itemize deductions every year (and do my own taxes) and this is how I hoped it would work.

thanks for the input.
by BlackStrat
Fri Dec 16, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Charitable tax writeoffs in retirement w/Donor Advised Fund
Replies: 3
Views: 359

Charitable tax writeoffs in retirement w/Donor Advised Fund

I had posted this in another (quickly dying) thread but didn't get a response and wanted to create a thread with a more appropriate title. This is information I need to make a decision and possibly move on it prior to year-end. - if I retire early (57-58) and don't plan on taking either SS or RMD's ...
by BlackStrat
Fri Dec 16, 2016 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 1969

Re: Long-Term Gains and taxes (early retirement strategy)

I was going to start a new thread but I appreciate the responses so far and have another few questions (related): - if I retire early and don't plan on taking SS or RMD's until around 70, could I still write off charitable contributions against any dividend/interest/capital gain income for a given y...
by BlackStrat
Thu Dec 15, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 41
Views: 4698

Re: 4runner vs. Highlander?

'98 4Runner here with 200k miles (how 'Bogle-ish'!!)

Love it!!
by BlackStrat
Thu Dec 15, 2016 9:09 am
Forum: Investing - Theory, News & General
Topic: winning game, sell stocks despite high bond prices?
Replies: 47
Views: 4358

Re: winning game, sell stocks despite high bond prices?

I assume this is an after-tax account (which would explain the capital gains)? Are you going to invest in bonds in an after-tax basis? Isn't this not very tax efficient?

I'm only asking to see if there's a way you can beef up on the bonds in a tax-advantaged account instead.
by BlackStrat
Wed Dec 14, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 4762

Re: What happens to those who don't invest?

I've been wondering this same thing for years now. A good friend (in his 50's) told me he had $80k saved up for retirement and I just couldn't fathom how long he expects that to last.

[OT comment removed by moderator prudent]
by BlackStrat
Wed Dec 14, 2016 9:37 am
Forum: Investing - Theory, News & General
Topic: A new milestone
Replies: 20
Views: 2739

Re: A new milestone

Looks like the wind has turned and is now at your back.

Congratulations on your success and delayed gratification.
by BlackStrat
Wed Dec 14, 2016 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Colleague's financial advisor
Replies: 14
Views: 1574

Re: Colleague's financial advisor

I held the contrafund in my 401k for years and it did well. However, as someone on this board claimed, the fund has grown very large and such results may not be as easy to manage as in years past.
by BlackStrat
Mon Dec 12, 2016 1:02 pm
Forum: Investing - Theory, News & General
Topic: A question for newbie Bogleheads
Replies: 22
Views: 2003

Re: A question for newbie Bogleheads

- keep it simple
- index funds (low cost)
- diversification
- asset allocation and rebalancing
- tax ramifications (for instance, keep bond holdings in tax-sheltered areas)
- not everyone out there can afford the seemingly prosperous lifestyle they live which is evident to others
by BlackStrat
Sun Dec 11, 2016 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 1969

Re: Long-Term Gains and taxes (early retirement strategy)

You can use that appreciated stock for gifting & deduct the current value while the cap gains tax goes away if gifted to charity. That's actually my current strategy; monthly I buy more VTSAX shares with what I would've contributed to a couple of charities and then once a year I donate shares i...
by BlackStrat
Sat Dec 10, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 1969

Re: Long-Term Gains and taxes (early retirement strategy)

If the growth is mostly from dividend reinvestment, then your capital gains may a good deal less than you might be guessing they are. Do you know what your cost basis is for your various lots? JW yeah - I finally went through and calculated (to the best of my knowledge) my cost basis for all the sh...
by BlackStrat
Sat Dec 10, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 1969

Re: Long-Term Gains and taxes (early retirement strategy)

I do have a rainy-day (cash) fund which could be used in tandem with the strategy above to avoid taxes (keeping me at a low bracket) and get me through living expenses for a few early retirement years before I begin my actual withdrawal strategy. yes - I'll end the dividend reinvestment (although I'...
by BlackStrat
Sat Dec 10, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 1969

Long-Term Gains and taxes (early retirement strategy)

I'm attempting to develop an early-retirement strategy and get my hands around what my tax situation would look like in the first couple of years. I have about 18% of my investable portfolio in after-tax individual stocks (approx. 15% in a single one from a long-term company stock purchase program, ...
by BlackStrat
Wed Dec 07, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: (When) should I move from individual stocks to VTSAX?
Replies: 14
Views: 1520

Re: (When) should I move from individual stocks to VTSAX?

If you regularly donate to charity - direct that money instead to VTSAX and donate the same portion of shares to your charity to get the full-value write-off without the tax ramifications; this could be a multi-year strategy until you've rebalanced to index funds.
by BlackStrat
Tue Dec 06, 2016 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds: You can beat the Index
Replies: 23
Views: 3540

Re: American Funds: You can beat the Index

Average performance against the market (via an index) is not a bad thing. It's consistent and most likely you're beating 85% of investors who use active management in a given year.

Investing is one area where being 'average' is probably "better-than-average" over the long haul.
by BlackStrat
Tue Dec 06, 2016 1:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft is almost at 50,000 posts...
Replies: 62
Views: 5902

Re: livesoft is almost at 50,000 posts...

my first exposure to Livesoft was one of his snarky, annoying and destined-to-be-DOB'd-by-the-moderator posts.

I liked him immediately! :D

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