Search found 18 matches

by CheapFool
Sat Nov 18, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 17532

Re: Should I drink or sell my Pappy 12 year?

So I got another email to a work email acct from ABC fine wine and this happened:

Image

Considering selling one. Can this be done safely and easily? :sharebeer
by CheapFool
Fri May 26, 2017 5:12 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 17532

Re: Should I drink or sell my Pappy 12 year?

Thanks everyone. I got some great info here, as always, on all things.

I'm keeping it. Going to try a few (or more than a few) Bourbons. And tell my buddy to stop by.
by CheapFool
Fri May 26, 2017 5:07 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 17532

Re: Should I drink or sell my Pappy 12 year?

JW-Retired wrote: Buying at what price compared to retail?
JW
Purchased for $79.95. Quick search on Google: $800-1000.
by CheapFool
Wed May 24, 2017 7:37 pm
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 74
Views: 17532

Should I drink or sell my Pappy 12 year?

Entered a lottery with ABC fine wine and spirits and won the option of buying 1 bottle of Pappy Van Winkle 12 year. I haven't drank much bourbon. I'm a Scotch fan (Lagavulin, Laphroaig, Highland Park).

Should I drink it with my scotch drinking, buddy? or try to sell it (if I can)?
by CheapFool
Wed Apr 26, 2017 6:18 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 9423

Re: $300+ to remove a racoon. Really?

I had this very problem, a raccoon with babies in my attic, about 3 years ago. They set traps over a 3-4 week period around the yard with bait like cat food, peanut butter, etc. They ended up trapping a few opossums, armadillos, and finally raccoons. After the raccoons they sealed the potential entry points with chicken wire. The grand cost: $800.

When it comes to these things, ie things I have little to no desire or knowledge of, I will gladly pay a professional. I save enough money regularly so that when these expenses come up I don't sweat it; I just pay it and move on.
by CheapFool
Sun Oct 30, 2016 8:35 pm
Forum: Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 7089

Email from Financial Advisor Round 3

Win, by decision.

"*Boglehead, you can use that Vanguard ETF (VTI) and just note that it has of course the same issues that all ETF’s have regarding liquidity and tracking. Please call our office if you would like to use this in your 401 (k) account."

Thanks everyone. :D
by CheapFool
Wed Oct 26, 2016 4:03 pm
Forum: Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 7089

Email from Financial Advisor Round 2

[Thread merged into here, see below. --admin LadyGeek] Recap: Just starting my 401K and want to invest in VTI/VTSMX 100% (other acct: Roths, Brokerage, etc meet my AA). My fellow coworker who is a boglehead decided to break down their presentation discussing the value of low-cost passively managed funds in an email. Partly to get them to at least offer a low-cost option and partly to see if we can convince the bosses of dropping the advisor and saving on those confusing, higher, often hidden fees (this is a long shot). Bosses' current allocation: 41% American Funds Washington Mutual -- AWSHX EF 0.58% 22% IVA Worldwide -- IVWAX EF 1.25% 15% Columbia Contrarian -- LCCAX 1.09% 8% Cash 8% American Funds Cap World Growth & Income -- CWGIX 0...
by CheapFool
Fri Oct 07, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Johnnie Walker Blue worth the cost?
Replies: 70
Views: 11300

Re: Johnnie Walker Blue worth the cost?

I agree with Pyramid, most people go Johnnie bc of name recognition and they know blue is most expensive. The tastes are 100% subjective. If you want to get scotch for novices go with JW double black and a green or gold. They can see if they can taste a difference... PLUS more scotch. Maybe in the future they will try single malts (which is where it's at, in my opinion). :beer

I started with Johnnie Walker black to gold to green to blue. Then moved to single malts...my favorites

1. Lagavulin
2a. Laphroaig
2b. Highland Park/Macallan.
by CheapFool
Thu Sep 22, 2016 6:03 pm
Forum: Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 7089

Re: Email from Financial Advisor

Thanks everyone. It's not Edward Jones, but it's probably irrelevant (Oh WellS, you'll need to guess). I can see they can choose any time frame that makes it favor their side. You all are right if he took the last 10 years, S&P beats American. PLUS lower fees, etc.

I'll just select one fund that is the broadest index, lower EF, and lower turnover. Then put it all in. It might just be the American Washington Mutual. I don't know unless you all know of a good one off hand with Columbia, American, IVA, Hartford. In any case, thanks for the info (today's, past and future).
by CheapFool
Thu Sep 22, 2016 4:55 pm
Forum: Personal Investments
Topic: Email from Financial Advisor
Replies: 31
Views: 7089

Email from Financial Advisor

I am just starting a new 401K with my new job. They have poor options offering only the fund families of: Columbia, American, Hartford and IVA. I said I wanted 1 S&P fund with lower ER, like Vanguard 500 (VFINX) advisor responded with the following: "I wanted to follow up with you regarding our discussion of American Funds’ Washington Mutual Investors Fund and its performance versus the Vanguard 500 Index fund. I have attached a hypothetical Illustration done by Thomson/Reuters that compares the two funds over the longest common period. Washington Mutual Investors fund was started back in 1952 and the Vanguard 500 Index was started in 1976. Thus, the illustration uses the Vanguard start date as the start date for the comparison per...
by CheapFool
Sun Jun 05, 2016 3:53 pm
Forum: Personal Investments
Topic: Lived in home 2 of 5 years. Now selling doing owner financing. Taxes?
Replies: 0
Views: 1115

Lived in home 2 of 5 years. Now selling doing owner financing. Taxes?

I live in Florida and I am considering doing an owner financing. So on closing the buyer will bring 60K to close. I will additionally bring 20K to paid off/close out my mortgage. Then a new promissory note to me at 4.5% with balloon due after 5 years. Questions: 1. I have lived in the home as my primary residence for 2 of last 5 years. I should not have to pay capital gains taxes on the profit of sale, correct? (it would be less than 500K--married) 2. If above is true: I am getting paid my money, monthly. Example: Mortgage Payment $1700 ($500 Principle + $1200 Interest) Am I exempt on the principle paid ($500), then pay tax on interest received ($1200) as part of regular income? 3. Should I form an LLC and have everything go into an LLC acc...
by CheapFool
Mon Feb 22, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 24477

Re: Mr Money Mustache Article (New Yorker)

Thanks for sharing the article, dbC! I started reading MMM a little over a year ago, reading every single post over the course of a month. I like his message and find many of his ideas to be useful. Not always practical, but he'll have you look at the way you live and consume through a different lens, and perhaps question your priorities. I credit MMM and WCI / emergdoc as the 2 people / sites that really piqued my interest in personal finance and the lifestyle choices that are so closely intertwined. In many aspects, they have similar ideologies, although they clearly diverge when it comes to some lifestyle choices, such as spending and career length. My philosophy lies somewhere in between, but aligns well with both. Bogleheads (wiki and...
by CheapFool
Tue Feb 09, 2016 6:06 pm
Forum: Personal Investments
Topic: When Should I move rest of portfolio to 3-Fund?
Replies: 1
Views: 484

When Should I move rest of portfolio to 3-Fund?

Boglehead convert Oct 2015. Moved most assets to 3-Fund (~80%).viewtopic.php?t=88005

I have his/her accounts, Roth/Taxable with some individual stocks here and there (~20% of portfolio).

Questions:
1. Should I just say, "screw it." Sell all now and go to 3-Fund?
2. Sell losers and move at end of year; sell winners (very few) now and move?
3. Do Nothing and Wait? Some of the stocks are riskier and could yield greater return....or I could lose it all.
4. Something else I am missing?

Just wondering what the Bogle community thinks.

Thanks in advance.
by CheapFool
Sun Feb 07, 2016 1:02 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 104
Views: 16600

Re: "Picking Individual Stocks is a Loser's Game"

EmergDoc wrote: It was either that or Harry Potter, and we all KNOW that stupid wizard is going to kill Voldemort in the end. It's so obvious.
Thanks, doc. You just ruined it. :wink:

Great article, again. All makes good sense. Even as I still hold some individual stocks (just as a Fool would). Thankfully, an ever decreasing amount as I get to the wonderful 3-Fund (almost there...85% so far).
by CheapFool
Sun Feb 07, 2016 12:15 pm
Forum: Personal Investments
Topic: is it realistic for me to retire in 15 years?
Replies: 22
Views: 3530

Re: is it realistic for me to retire in 15 years?

Realistic? Yes, I think so. If you keep expenses low and under control ala MrMoneyMustache.com. 1. Get your annual expenses X25-30 and that is a reasonable amount to have to "retire." Ex $60K a year x 28 = $1.68 mill. 2. Retire -- whatever that means to you. Cut back at work. Change career to something you are more interested in. Do something else for fun and if you make some money in the process, awesome. Whatever. *Note: your annual expenses may go up when calculate, as you are generally young and life changes (ie. spouse, kids, etc.) *Note2: I agree with other posts about the 55K with company. Probably too much. Just throwing it out there...maybe keep 10% or less in there. The rest of the portfolio looks boglehead (simple) enou...
by CheapFool
Mon Feb 01, 2016 7:02 pm
Forum: Personal Investments
Topic: Tax-Loss Harvesting with Wealthfront
Replies: 4
Views: 1236

Re: Tax-Loss Harvesting with Wealthfront

If the Wealthfront investments are Vanguard ETFs and you have Vanguard index funds in your other accounts, then the answer is probably 80% sure that "No, you would not avoid the possibility of a wash sale." 0.25% seems to be a fine AUM fee for having someone manage one's investment portfolio for one. Why not try it out? Thanks. That is clear. You 'heads are great. I opened a Wealthfront acct before I got on the Bogleheads train (Oct 2015). I have since moved the bulk of my accounts to Vanguard. I would only have kept Wealthfront if I could TLH. No worries. Right now the 0.25% is darn good...but if and when I get to 1-2-3 million, that's $2500/year/1MM. That comes out to 23 bottles of Lagavulin per year/1MM. I would rather stick t...
by CheapFool
Mon Feb 01, 2016 3:43 pm
Forum: Personal Investments
Topic: Tax-Loss Harvesting with Wealthfront
Replies: 4
Views: 1236

Tax-Loss Harvesting with Wealthfront

Newly registered, recent lurker.

I'm lazy. Don't want to DIY Tax loss harvest.
My questions are:
1. If I only hold Mutual Funds in my Taxable Vanguard/401k/etc and Wealthfront TLH with ETFs, will I avoid the possibility of a "wash-sale?"
2. Wondering if the 0.25% (seems reasonable) acct maintenance fee with Wealthfront will be worth the TLH savings?

My apologies if these questions are answered in other posts? I didn't find them... But consider my name :wink: .

Thanks in advance.
by CheapFool
Mon Feb 01, 2016 2:13 pm
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 39
Views: 7019

Re: Prosper.com Update Total Return

What about putting that bad boy in a Roth IRA?