Search found 384 matches

by CppCoder
Fri Jun 23, 2017 3:21 pm
Forum: Investing - Theory, News & General
Topic: Can you share some of your financial goals?
Replies: 23
Views: 1428

Re: Can you share some of your financial goals?

In my best William Wallace (OK, Mel Gibson) voice: FREEDOM! Most days, I don't dislike my job, but if I didn't need the paycheck for financial security, I would do something else. I like to think I'd be productive, maybe start a company, write open source software, write books, or teach. Who knows, ...
by CppCoder
Tue Jun 20, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy an $800k house?
Replies: 86
Views: 5223

Re: Should I buy an $800k house?

If you are planning to have children, will both you and your spouse continue working full time? If not, is the house still affordable on one salary?
by CppCoder
Sat Jun 17, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Freedom at 55, Early Retirement, SPIA a good idea?
Replies: 23
Views: 1883

Re: Financial Freedom at 55, Early Retirement, SPIA a good idea?

If you spend $96,000 per year and plan to earn $150,000+ from part time work in retirement, why are you worried? You won't be touching the portfolio at all, so at your assumed 5.25% conservative estimate, your $2 million will become more than $2.5 million at age 60. If that's not enough money, just ...
by CppCoder
Fri Jun 16, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: Adding new money to bond funds in rising interest environment
Replies: 28
Views: 1967

Re: Adding new money to bond funds in rising interest environment

If you intend to hold bond funds until their average maturity then interest rates don't matter. For example, imagine you bought a single bond for $905 that matures in 5 years for $1000. Unexpectedly interest rates spike up from 2% to 5%. Now your bond is only worth $783. But because of the higher i...
by CppCoder
Tue Jun 13, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher says Mutual Funds are Risky
Replies: 32
Views: 2257

Re: Fisher says Mutual Funds are Risky

jjface wrote:No one can promise they can keep returns high and losses down.

Bernie Madoff can. :beer
That is probably some kind of fraud.

Doh. :oops:
by CppCoder
Tue Jun 13, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11802

Re: Who takes financial chances and why is this forum so financially conservative?

Clever_Username wrote:
CppCoder wrote:
Do you think mathematical software is not written in C++?


Oh, I know it is. I've even written some. But I so rarely get a chance to make a joke about programming paradigms and you set me up perfectly. Thanks by the way :-)

Well, in that case, you're welcome. :)
by CppCoder
Tue Jun 13, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11802

Re: Who takes financial chances and why is this forum so financially conservative?

In my career about 20 minutes into a conversation I can figure out the math oriented folks as they want logic for EVERYTHING. Only problem is life doesn't work that way. But shouldn't life work that way? Quick, am I mathematically oriented or not? :D If you were, wouldn't your user name be ErlangCo...
by CppCoder
Tue Jun 13, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11802

Re: Who takes financial chances and why is this forum so financially conservative?

staythecourse wrote: In my career about 20 minutes into a conversation I can figure out the math oriented folks as they want logic for EVERYTHING. Only problem is life doesn't work that way.

But shouldn't life work that way? Quick, am I mathematically oriented or not? :D
by CppCoder
Tue Jun 13, 2017 12:09 pm
Forum: Investing - Theory, News & General
Topic: New Fidelity Offerings - Sustainability Index Funds
Replies: 2
Views: 413

New Fidelity Offerings - Sustainability Index Funds

I just noticed that Fidelity introduced two new index fund offerings last month: Fidelity U.S. Sustainability Index Fund and Fidelity International Sustainability Index Fund. They follow the MSCI USA ESG Index and the MSCI ACWI ex USA ESG Index, respectively. I personally don't have any interest in ...
by CppCoder
Sat Jun 10, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: New Fidelity International Index Fund, One Year On
Replies: 9
Views: 1217

Re: New Fidelity International Index Fund, One Year On

Here's my anecdote on these two Fidelity funds. After FTIPX was introduced last year, I exchanged all of my lots of FSGDX with losses for FTIPX and held all of my lots of FSGDX that had gains. As noted above, they correlate well. From that perspective, I view the two as pretty good pairs for tax los...
by CppCoder
Fri Jun 09, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Fcash
Replies: 2
Views: 372

Re: Fcash

I sold a few shares of stock and wondering if I should keep it there or move to a regular savings account. By your subject line, I assume you are referring to the FCASH option for your core position at Fidelity. This position acts like a taxable interest bearing account, but it has rates competitiv...
by CppCoder
Fri May 26, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard REIT ETF ER increased?!?
Replies: 13
Views: 1824

Re: Vanguard REIT ETF ER increased?!?

I own this fund. Vanguard had sent around a message a few months ago saying fees dropped from 0.12% to 0.10%; I thought 10 bps was low for a REIT fund. I have experienced both increases and decreases in fees, so this does not really surprise me. FSRVX, Fidelity Real Estate Index Fund - Premium clas...
by CppCoder
Thu May 25, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 46
Views: 6281

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

You're right and I should have known that since their HQ is two blocks from where I work. I lumped it in with the rest because their mission is more like the other companies than Vanguard. I don't know. Last time I was in Fidelity's local office, I scored a free coke zero and some cookies. Vanguard...
by CppCoder
Thu May 25, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 2803

Re: Advice on kid's precalc learning

Interesting replies in this thread. First, I'm amazed at how much tutors make. I used to tutor when I was in high school, and I got $10/hr. I always felt bad taking the money because I love math, science, and teaching so much that I would have done it for free. As for the who uses calculus remarks, ...
by CppCoder
Thu May 25, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 46
Views: 6281

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

Vanguard sounds like a mutual savings bank in structure. Not-for-profits certainly make profits - they have to if they intend to stay viable over the long term. See another thread about churches and what can happen when revenues in the form of contributions/donations and investment support dry up. ...
by CppCoder
Thu May 25, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1589

Re: Cash flow observation

How do you define "artificially" high? If the $200k property generates $5k/yr after PITI and maintenance, then the $40k invested is providing a 12.5% dividend instead of a 2.5% dividend if it was purchased with cash. I agree with your points about risk. I agree with you. If someone carefu...
by CppCoder
Thu May 25, 2017 10:17 am
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1589

Re: Cash flow observation

Now days, someone who wants a nice cash flow without living an extremely frugal existence, probably needs to think about buying a few rental props. Aside from rental properties working because you are investing your labor (vs. passive investing), a lot of people think rentals work better than they ...
by CppCoder
Sat May 20, 2017 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Why ETF settlement happens on T+3?
Replies: 22
Views: 1985

Re: Why ETF settlement happens on T+3?

Makes me wonder if I should have signed up for a margin account. What if I hold a bond and stock ETF, see stocks drop, and want to rebalance that day by selling the bond ETF to buy more stock ETF? An ACH transfer from external accounts would take days as well... I have a cash account at Fidelity. I...
by CppCoder
Fri May 19, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?
Replies: 26
Views: 1506

Re: Anyone know what "book" an advisor or insurance salesperson would offer to buy for a prospective client?

Mel Lindauer wrote:
David Jay wrote:I'll bet it isn't "If You Can". :happy


And I'll guarantee you that it isn't The Bogleheads' Guide to Investing. :D


How would you know? Are you the author or something? :D :D :D
by CppCoder
Fri May 19, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in real estate.....here's my portfolio
Replies: 5
Views: 819

Re: Should I invest in real estate.....here's my portfolio

The condo I co-own in FL is worth about 90k now (zillow estimate), we bought it for 133k in 2006. We see no profit each year and I really don't even think of it as a real estate investment since I only own 25% of the place and it's not worth much to begin with. We have a renter paying us $800 month...
by CppCoder
Fri May 19, 2017 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: Why ETF settlement happens on T+3?
Replies: 22
Views: 1985

Re: Why ETF settlement happens on T+3?

All stock exchanges are ran by a man with a donkey. When you issue your sell order, the man gets the money, then he loads it onto the donkey. Then he takes the money up the way to your broker's office. New York traffic being what it is, it can take a few days. I mean, have you tried merging onto a ...
by CppCoder
Wed May 17, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Performing Backdoor Roth IRA at Fidelity - Question
Replies: 6
Views: 316

Re: Performing Backdoor Roth IRA at Fidelity - Question

Yes, and any decent tax software will handle the 8606 as well if you use turbotax/taxact. I should caveat, this is all assuming you had no prior basis in your traditional IRA except your 2017 contribution. If you did there are pro-rata rules that come into play (you always want 0 basis in your trad...
by CppCoder
Tue May 16, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help, pay off house or invest?
Replies: 34
Views: 2586

Re: Help, pay off house or invest?

I know you said that you might not be able to refinance due to your wife's credit score, but have you tried? If you rolled your balance into a new 15 year loan, you could probably lower your interest rate by about 2%, which adds up over 15 years (if you keep the mortgage through full term). That cou...
by CppCoder
Mon May 15, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 1451

Re: Quality decline in off-brand alkaline batteries?

Normally I love Costco and their in-house branded products (Kirkland). However, I've had serious problems with their batteries and have ceased purchasing them entirely. Maybe I got a bad few batches because everyone else in this thread seems to have had good luck with them. My problem is not with th...
by CppCoder
Sun May 14, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Help convince me it's okay (or not): new vehicle
Replies: 30
Views: 2606

Re: Help convince me it's okay (or not): new vehicle

I'm not a drive the car into the ground kind of person, so I vote to get the new car and be done with it. You've already picked out what you want as a replacement, so you should just be down to negotiating a good deal for yourself.
by CppCoder
Fri May 12, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Who among us purchased flood insurance in a low risk flood zone and filed a claim?
Replies: 4
Views: 789

Re: Who among us purchased flood insurance in a low risk flood zone and filed a claim?

I believe my wife's grandmother did. During a torrential rainstorm, the sewer in the street backed up (clogged with leaves and debris) resulting in her house filling with several inches of water. Once your carpet and drywall is wet, you have an expensive repair forthcoming. If you're not in a design...
by CppCoder
Fri May 12, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: Goofy idea - moving 401k to money market each weekend
Replies: 15
Views: 1638

Re: Goofy idea - moving 401k to money market each weekend

If, in theory, you could exit an index fund friday and get back in for tuesday, I would expect the guaranteed two days of interest to have a (small) chance of beating whatever the index does over the long term. (I don't have the data to back that statement up, so please don't hold me to anything in...
by CppCoder
Thu May 11, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4648

Re: Can you suggest a mortgage lender who does not resell

My first mortgage was with Wachovia. Wachovia did not sell my loan, but after several years, they were bought by Wells Fargo. Wells Fargo sold the mortgage but continued to service the loan. I sold the house (not because Wells sold the loan :D ). My second mortgage was with Chase. They almost immedi...
by CppCoder
Thu May 11, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4648

Re: Can you suggest a mortgage lender who does not resell

With regards to the situation where the subsequent company required escrow, just make sure that the contract you sign specifies that you WILL NOT escrow. It is not uncommon to pay an additional 0.25% in closing costs if you don't escrow taxes and insurance. At today's interest rates, there isn't an...
by CppCoder
Thu May 11, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: New with a Question. [Where to save cash to pay taxes?]
Replies: 9
Views: 766

Re: New with a Question.

A year? Shouldn't you be paying estimated taxes quarterly?
by CppCoder
Tue May 09, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Young professional planning for early semi-retirement
Replies: 34
Views: 4115

Re: Young professional planning for early semi-retirement

The key thing to understand for a young investor starting out is that you don't get rich (in the short term) from investing. Specifically, in your case, investing wisely will not lead to early retirement (investing luckily could, but so could the lottery...it's not a plan). Your investment horizon i...
by CppCoder
Tue May 09, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: Anyone use Python to analyze their finances?
Replies: 40
Views: 5912

Re: Anyone use Python to analyze their finances?

Interesting. I have been going through Codecademy and 'Learn Python the Hard Way' just to get familiar with the language over the past few weeks. I don't really have any strong background in writing code, mainly VBA to facilitate spreadsheets. Are there any books that you would recommend on Python ...
by CppCoder
Sun May 07, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Book recommendation?
Replies: 8
Views: 1031

Re: Book recommendation?

livesoft wrote:Jane Bryant Quinn's How to Make Your Money Last

+1. I liked the book, and I'm decades away from retirement.
by CppCoder
Sun May 07, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Disability Insurance When Already Financially Free
Replies: 3
Views: 619

Re: Disability Insurance When Already Financially Free

Traditional disability insurance is written against a salary. You are insuring against the inability to earn that salary. I'm not sure if you are even eligible for disability insurance without a job. How would you demonstrate your disability? If you are already not working, would you have to prove y...
by CppCoder
Sun May 07, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: United Mileage Plus CC - worth it?
Replies: 25
Views: 1782

Re: United Mileage Plus CC - worth it?

We have this card. In addition to the priority boarding and free first bag (for card holder + a companion), you also get two free club passes per year, and the card has no foreign transaction fees. This is the card we use when traveling internationally.
by CppCoder
Sun May 07, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Swing Set 2700.00??
Replies: 35
Views: 3298

Re: Swing Set 2700.00??

We bought a Gorilla set from Costco, on sale, for $1000. It's the smallest one they sell. It took me and another person two solid days to build it, with power tools, and we're both very handy. I would have paid someone else to do it except I like building things, and I was not convinced it would hav...
by CppCoder
Sun May 07, 2017 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Solid justification for including all stocks & NO bonds?
Replies: 143
Views: 6409

Re: Solid justification for including all stocks & NO bonds?

Just another point to consider, in your case, it sounds like you are looking for your investment to produce a (reliable?) cash flow. Cash flow from bonds is a little more reliable than cash flow from stocks in so much as the bond coupon is fixed in a contract and stock dividends are determined perio...
by CppCoder
Sat May 06, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Unfunded, non-qualified deferred plan - What is this thing?
Replies: 18
Views: 1324

Re: Unfunded, non-qualified deferred plan - What is this thing?

My megacorp has an interesting plan that is similar, but distinctly different than the above plans. When your salary hits the IRS maximum salary for megacorp to contribute to your qualified 401k ($270k this year), they simply take the match you were getting before you hit the threshold and stick it...
by CppCoder
Thu May 04, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k
Replies: 33
Views: 2369

Re: Pension vs 401k

What are the rules on the pension if you leave before retirement? I have a pension and a 401k. My pension pays out differently based on separation vs. retirement. The 401k is mine as soon as the money hits it. The pension is a promise. I think this is a hard decision to weigh in on without understan...
by CppCoder
Wed May 03, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Unfunded, non-qualified deferred plan - What is this thing?
Replies: 18
Views: 1324

Re: Unfunded, non-qualified deferred plan - What is this thing?

My megacorp has an interesting plan that is similar, but distinctly different than the above plans. When your salary hits the IRS maximum salary for megacorp to contribute to your qualified 401k ($270k this year), they simply take the match you were getting before you hit the threshold and stick it ...
by CppCoder
Wed May 03, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Post tax 401k Roth Conversion
Replies: 9
Views: 563

Re: Post tax 401k Roth Conversion

This thread is now in the Personal Finance (Not Investing) forum (Roth conversion). sashacannon, Welcome! jhb42 - If you don't trust your CPA, get someone else. See the disclaimer at the bottom of every forum page: No guarantees are made as to the accuracy of the information on this site or the app...
by CppCoder
Wed May 03, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Post tax 401k Roth Conversion
Replies: 9
Views: 563

Re: Post tax 401k Roth Conversion

Can it be here that stipulates that you cannot do a rollover of just after-tax amounts? https://www.irs.gov/retirement-plans/rollovers-of-after-tax-contributions-in-retirement-plans Welcome to the forum. :happy Yes, that is it. I cannot explain why that does not mean what it appears to mean. Alan S...
by CppCoder
Wed May 03, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Need some help in picking between Fidelity's international index funds
Replies: 22
Views: 1237

Re: Need some help in picking between Fidelity's international index funds

I picked IXUS for my Fidelity international fund. A higher percentage of qualified dividends than VXUS and a similar expense ratio. I'm happy with it. Thanks for the response; looking at dividends will definitely have to be the next step for me, as I'm just starting out with investing! Is there a m...
by CppCoder
Wed May 03, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead Guide to Buying Individual Stocks
Replies: 85
Views: 6892

Re: A Boglehead Guide to Buying Individual Stocks

I learned a lot from Why Stocks Go Up and Down by Gregory and Pike.
by CppCoder
Wed Apr 26, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15 Yr Mortgage
Replies: 12
Views: 1577

Re: Refinance to 15 Yr Mortgage

We also decided to open up a HELOC while we were doing the refinancing with the same bank. However, we'll be paying closing costs out of pocket. The HELOC offers a 6 month intro rate at 2.80% (after that 4.0%) which we'll use to pay off part of DW student loan (3.75%). You're going to borrow at 4.0...
by CppCoder
Wed Apr 26, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: How should I factor my pension into my AA in retirement
Replies: 8
Views: 1019

Re: How should I factor my pension into my AA in retirement

I have a (promise of) a pension. I ignore it for rebalancing purposes. My retirement is too far away to do anything else. Since you are close to retirement, I would view the pension for what it is, a fixed income stream. What fraction of your expenses does the pension cover? I wouldn't try to use th...
by CppCoder
Wed Apr 19, 2017 6:57 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 2232

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

You didn't specify which fund, but if it is a Vanguard fund with a dual etf share class, you could always convert to the etf and then just sell that directly intraday. On the other hand, if you've been in the fund a while, will the 1% or less (assuming you're not selling on a RBD) fluctuation really...
by CppCoder
Sun Apr 16, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 3901

Re: Home Insurance Premium - How to decrease.

Do you own your home outright or have a mortgage? Good luck getting the bank to agree with your plan for your burned down house. In fact, every mortgage I've had stipulates that if I choose not to carry adequate homeowner's insurance, the bank will buy it on my behalf and then charge me for it. My u...
by CppCoder
Sun Apr 16, 2017 1:05 pm
Forum: Personal Consumer Issues
Topic: Budget multitool knife
Replies: 24
Views: 2245

Re: Budget multitool knife

I'm personally partial to Victorinox Swiss Army knives. They also have multitools. As a bonus, for the car, you can get the rescue tool, which will give you a window breaker, belt cutter, and a special saw for cutting safety glass as well as an assortment of more "standard" swiss army knif...
by CppCoder
Sun Apr 16, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone want to buy bond funds?
Replies: 92
Views: 9570

Re: Why would anyone want to buy bond funds?

I'll give the same answer I always give to the question of why own bond funds vs. individual bonds (the question was not whether or not to own bonds). I want to place bonds predominantly in my 401k, and I only have the option of buying them through an index fund. Where choices are available, I also ...

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