Search found 245 matches

by David Scubadiver
Tue Aug 15, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin
Replies: 121
Views: 7296

Re: Bitcoin

I have the following to say, and I do not speak from experience or knowledge. A Ponzi scheme is a fine way to make money if you get in and out early enough. Timing is everything. You may wind up with more money than you started with, by participating in one. You may wind up with less money than you ...
by David Scubadiver
Sat Jul 29, 2017 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3112

Re: Savings rate: gross or net?

I'm hoping to retire in 3-5 years and have never calculated a savings rate nor thought about setting such a goal. I went on two dive vacations a year until I had kids and hope to go back to that as they get older. We shall see!
by David Scubadiver
Fri Jul 28, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3112

Re: Savings rate: gross or net?

I too belong to the camp of figure out what you need, by when you will need it and save accordingly... This isn't really possible to do 20+ years in advance. It's not like saving for a house down payment two years from now. That's why typical good advice for under age 40 is just to save X% of gross...
by David Scubadiver
Fri Jul 28, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3112

Re: Savings rate: gross or net?

2bdbest wrote:Does saving rate includes company match and 529 contributions?


Company match is not savings. It is income. The result of which is that you have to save an additional 20% of the match.
529 Contributions are savings. It doesn't matter where you save the money.
by David Scubadiver
Fri Jul 28, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3112

Re: Savings rate: gross or net?

Also, you will neither be fine, thrive nor be wealthy if you save 10%/15%/30% of nothing. So work on maximizing the income if you are hell bent on saving a fixed percentage of your income. Probably makes sense to attack the problem on both ends -- work to minimize expenses and maximize income and yo...
by David Scubadiver
Fri Jul 28, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 3112

Re: Savings rate: gross or net?

I too belong to the camp of figure out what you need, by when you will need it and save accordingly. What difference does it make how much you earn and what percentage of that you devote to saving if it does not get you what you need when you need to be there? It is like the rule of thumb is written...
by David Scubadiver
Mon Jul 24, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital - Phone Discussion
Replies: 39
Views: 4735

Re: Personal Capital - Phone Discussion

You are correct, they do not claim to outperform, so my bad for assuming they do. But If pc won't outperform, what is the point of giving them .89%? The stuff they claim to do is ok, but hardly worth .89%. Maybe if they charged vanguards .3%, but you can't pay 2 financials advisors with that low a ...
by David Scubadiver
Mon Jul 24, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Capital - Phone Discussion
Replies: 39
Views: 4735

Re: Personal Capital - Phone Discussion

The bulk of their pitch seems to be that they are equally weighted and tactically weighted, rather than weighted by market capitalization. Their portfolios invest in 75-100 investments rather than buying the entire market (which they claim may cause people to buy into bubbles, or at least buy more o...
by David Scubadiver
Mon Mar 27, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 8127

Re: Massive Student Loan Debt - Girlfriend

If you are depending on your wife's earnings to support your family, that is a definite red flag. If you are worrie about her expenses, ask yourself, how often is she going to take on student loan debt after the marriage? Probably not red flag. Finally, dump her now. She is not the woman for you. Yo...
by David Scubadiver
Mon Mar 27, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 13086

Re: Do you have enough? How I realized yeah I do.

As for Firecalc, etc.....I would be cautious of making assumptions using a century or so of past data to convince yourself that the stock market could not possibly suffer a sustained loss of greater than 50%, or even 75% or more, that will outlast your retirement, simply because it has not happened...
by David Scubadiver
Sun Mar 26, 2017 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5891

Re: Are Bogleheads in the minority on the use of investment advisors?

1% wrap fee costs much less than $250 for most investors starting out and let's them get their hand held when they need it most. So the people who would be the financial planner's bread and butter don't go that route because paying $250 to invest a thousand dollars is prohibitively expensive. So whe...
by David Scubadiver
Sun Mar 26, 2017 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5891

Re: Are Bogleheads in the minority on the use of investment advisors?

The crux of the issue is whether personal finance is in need of either advice or experts. The general importance of this forum is that people can do perfectly well without enlisting either advice or experts. In place of both comes some effort to learn fundamentals that anyone can understand and a w...
by David Scubadiver
Sat Mar 25, 2017 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 5891

Re: Are Bogleheads in the minority on the use of investment advisors?

From the good folks at Merrill Lynch who were eating f my sister's lunch, in response to my asking them to compare their 30 fund portfolio to a three fund portfolio(after providing the analysis showing they underperformed). They "Many of the services that we provide for our high net worth famil...
by David Scubadiver
Sat Mar 25, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 13086

Re: Do you have enough? How I realized yeah I do.

Feeling like you don't need to care is a bit subjective. Did you run the numbers thru the firecalc? :)
by David Scubadiver
Sat Mar 25, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Advisor suggested this - Good idea?
Replies: 41
Views: 3040

Re: Advisor suggested this - Good idea?

Money needed in 2-3 years doesn't belong in the stock market.
by David Scubadiver
Sat Mar 25, 2017 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Regular Tax Loss Harvesting
Replies: 2
Views: 360

Regular Tax Loss Harvesting

I have been investing for 20+ years, but only recently have I had a large percentage of my investments in ETFs. Is there any reason not to engage in tax loss harvesting on a 31 day basis if you are switching between VTI/SCHB, BND/SCHZ, and VXUS/SCHF? The advantage seems obvious: 1) maximizing the lo...
by David Scubadiver
Fri Mar 24, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

It seems like if she wants to be safe with her Roth she does so at the potential risk of paying more taxes if stocks outperform. If she wants to be aggressive in the Roth, she does so at the potential risk of having less tax free money to withdraw. Over a 10 year horizon it seems with the risk of b...
by David Scubadiver
Fri Mar 24, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

They just added: Many of the services that we provide for our high net worth families are not quantifiable in performance. If you don’t anticipate using us for any financial guidance, research, advice, tax, administration, etc. then perhaps it may be more advantageous to go through Merrill Edge. We ...
by David Scubadiver
Fri Mar 24, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

For kicks and giggles, I asked the Merrill folks who charge 1.3% of assets under management how their 40 ETF portfolio performed against 30% SCHZ 14% SCHF 56% SCHB And they gave me a great report and summary analysis showing the 3 funds did better. But they really feel that the 1.3% they charge deli...
by David Scubadiver
Fri Mar 24, 2017 6:23 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

It seems like if she wants to be safe with her Roth she does so at the potential risk of paying more taxes if stocks outperform. If she wants to be aggressive in the Roth, she does so at the potential risk of having less tax free money to withdraw. Over a 10 year horizon it seems with the risk of be...
by David Scubadiver
Fri Mar 24, 2017 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

She will likely will owe some taxes during IRA withdrawals. For a lot of us a traditional IRA balance of $100k is really only worth $75k or less in spending power. While the spending power of a Roth IRA of $100k is $100k. It pays to learn about Roth conversions when you have the time and inclinatio...
by David Scubadiver
Fri Mar 24, 2017 1:20 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Re: Roth v. Traditional allocation

"equal space"? There is infinite space in a Roth IRA/tIRA, it's just illegal to overcontribute is all. Is the tIRA tax-deductible? If so, then that may (depending on future income, plans to backdoor roth, retirement withdrawals, etc) be the better option. If the tIRA is not tax-deductible...
by David Scubadiver
Thu Mar 23, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1482

Roth v. Traditional allocation

My sister has a Roth and Traditional IRA with equal space. What do people suggest in terms of where to put the fixed income and why? Would you split it between the accounts to minimize volatility or put it all in traditional to Maximze equity exposure in the Roth? I assume neither will have as much ...
by David Scubadiver
Sun Mar 19, 2017 4:03 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 3936

Re: Asset Allocation in Retirement - Me 100% Stocks.

As long as your pension is secure it sounds like there is no need to worry about volatility. I see what you are doing as managing your portfolio for your heirs, and to maximize what they get. Not, as "they will get what they will get". It your health allows it, consider expanding your hori...
by David Scubadiver
Sat Mar 18, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 19676

Re: How Much in Your Emergency Fund And Is It Used?

Whatever cash I have, when the market crashes, gets thrown into the market. So, I suppose my dry powder is used in market emergencies. And if I have some other need for the money, it gets used for that. But we are all in different situations. Kids, no kids, secure job or not, consistent income or no...
by David Scubadiver
Sat Mar 18, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: How do you cope with regret over selling too soon?
Replies: 57
Views: 3808

Re: How do you cope with regret over selling too soon?

I ordered a flux capacitor on amazon and installed it in my CRV. The rest is history. And the future. It worked for me.
by David Scubadiver
Sat Mar 18, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: VG ETFs vs SCHWAB ETFs
Replies: 29
Views: 3165

Re: VG ETFs vs SCHWAB ETFs

I don't seem to see a lot of people referencing this fact, but SCHZ is 4% cash and BND is only 1% cash. For index funds, this isn't relevant. All funds need to have cash available, as they will receive dividends which they have not yet reinvested, and need to have cash available to pay out dividend...
by David Scubadiver
Thu Mar 16, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: VG ETFs vs SCHWAB ETFs
Replies: 29
Views: 3165

Re: VG ETFs vs SCHWAB ETFs

I don't seem to see a lot of people referencing this fact, but SCHZ is 4% cash and BND is only 1% cash.
by David Scubadiver
Thu Mar 16, 2017 5:18 am
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4738

Re: BND Jumps 0.5% on Fed Announcement

If it helps any, my blackrock strategic income fund rose only .1%. It holds shorter term junk.
by David Scubadiver
Wed Mar 15, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4738

Re: BND Jumps 0.5% on Fed Announcement

Does anybody else use SCHZ instead of BND, and does it bother you that the cash position of SCHZ is 4.9% versus 1.79% for BND?


I do, and it doesn't bother me as much as the fact that my bond fond in the 401(k) has greater than 10% cash. Though, it is performing fine in comparison.
by David Scubadiver
Wed Mar 15, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 333
Views: 36978

Re: Quicken's future direction - a cause for concern

It does not surprise me that intuit is looking for ways to maximize its customers' financial pain to maximize intuit's financial gain. You probably missed seeing it upthread, but Intuit sold Quicken to a private equity group a while back. But true enough that Intuit's customer-unfriendly history (T...
by David Scubadiver
Wed Mar 15, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4738

Re: BND Jumps 0.5% on Fed Announcement

But wait, everyone said the rate increase was already priced in. The rate increase was priced in. What was not priced in, because it did not happen yet, was what Yellen would say when the rate increase was announced. Markets don't simply react to the fed funds rate. There was much speculation about...
by David Scubadiver
Wed Mar 15, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 333
Views: 36978

Re: Quicken's future direction - a cause for concern

I dumped Quicken a decade ago and have been using moneydance ever since.
I was tired of being forced to upgrade.
It does not surprise me that intuit is looking for ways to maximize its customers' financial pain to maximize intuit's financial gain.
by David Scubadiver
Wed Mar 15, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 9682

Re: Do you avoid international investing like Jack Bogle?

I do not avoid international investing.
I do not avoid investing in emerging markets.
by David Scubadiver
Wed Mar 15, 2017 8:52 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 6101

Re: What to do with $100???

I had $100 to invest in my son's newly opened up IRA, so I purchased 1 share of SCHB (the broad stock market fund) and 1 share of SCHC (small cap international fund). That left $12 in cash, so I searched for a commission free ETF that was trading below $12 and acquired 1 share of United States 12 Mo...
by David Scubadiver
Tue Mar 14, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8310

Re: What Do You Keep In Your Bank Safe Deposit Box?

That is not how one makes a strong password. However, if there is a phrase you can remember such as George Washington Was the First President, you can make you password the first letter of each word for: GWWTFP followed or preceded by a symbol and the PIN or phone number that you have memorized, an...
by David Scubadiver
Tue Mar 14, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Time Saving Tactics: Kids Edition
Replies: 57
Views: 4101

Re: Time Saving Tactics: Kids Edition

From the time your child is born until the time you child leaves for college, is only about 900 weeks. Enjoy every one of them if possible. You will have plenty of time to save when they leave the nest.
by David Scubadiver
Tue Mar 14, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or rent?
Replies: 25
Views: 2588

Re: To buy or rent?

Funny post.
by David Scubadiver
Tue Mar 14, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 38
Views: 5682

Re: How do you keep spouse informed of family finances?

I have a file labeled "If I get hit by a truck" in my desk I do similar, but different. A notebook, printed out, with sections for everything -- accounts, passwords, insurance, and a guide to my computer, since everything is stored there. Updated and reprinted every 6 months. If I croak t...
by David Scubadiver
Tue Mar 14, 2017 4:10 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 113
Views: 9978

Re: Preparing financially for our funerals - prepay or not?

Past performance is no guarantee of future performance. Just because everybody (as far as they make public) has died before, does not mean it will happen to you and your husband. What if you pay and never die? Or what if you die and your body is never found? Or what if you die and become a zombie? I...
by David Scubadiver
Tue Mar 14, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads handle allowance?
Replies: 38
Views: 3292

Re: How do Bogleheads handle allowance?

My boy is six. I opened up the Roth IRA to deposit $100 from his lemonade stand that he ran this summer during our long weekend tag sale. He worked so hard selling cookies and lemonade. Maybe this summer he will earn even more. Meanwhile, we collect lots of bottles for the deposits and then we go to...
by David Scubadiver
Tue Mar 14, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Surprise financial disaster, severe debt $300K caused by brother-in-law - Please help!
Replies: 221
Views: 46207

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

Have you looked to his employer or his fiduciary insurance? If he wasn't in his own practice you may be able to get some recovery. And make sure he is fired.
by David Scubadiver
Tue Mar 14, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Keep In Your Bank Safe Deposit Box?
Replies: 66
Views: 8310

Re: What Do You Keep In Your Bank Safe Deposit Box?

If you are writing the password down, you are already doing it wrong. You have to keep them separated daily, not just in the box. I see your point, and largely agree with it, but I don't trust myself never to forget a master password consisting of 20 random letters, numbers, and symbols. And if I f...
by David Scubadiver
Tue Mar 14, 2017 4:03 am
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 6235

Re: I-bonds

Understood. Just wanted to confirm the limits were in play. 5 years is a lifetime when planning for college as it would mean making the determination while the kids are in middle school so I wouldn't know much about college at that point. Would be great if buying IBonds were a qulifUse expense out o...
by David Scubadiver
Tue Mar 14, 2017 3:59 am
Forum: Personal Finance (Not Investing)
Topic: How do you keep spouse informed of family finances?
Replies: 38
Views: 5682

Re: How do you keep spouse informed of family finances?

Sign a healthcare proxy before you go under. No point worrying about dying if you forget about what to do if you are on life support. does healthcare proxy (living will) need to be drafted by a lawyer or notarized ? My suggestion is to go to your hospital website and see if they have a form for you...
by David Scubadiver
Mon Mar 13, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 41
Views: 6235

Re: I-bonds

I think it's worth noting that "qualified educational expenses" for I-bond purposes are very limited (tuition and fees) versus 529 qualified educational expenses, which include tuition, room and board, and more. Here's another rarely-mentioned thing to keep in mind. If you buy I Bonds, pl...
by David Scubadiver
Mon Mar 13, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why Wouldn't You Want International Stocks?
Replies: 96
Views: 8375

Re: Why Wouldn't You Want International Stocks?

The main reason not to want an International fund is the frustration of seeing such a fund losing value when your hometown fund is going gangbusters.

The main reason to own one is exactly the opposite. The joy of seeing my investments increase in value when VTI drops.
by David Scubadiver
Mon Mar 13, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why Wouldn't You Want International Stocks?
Replies: 96
Views: 8375

Re: Why Wouldn't You Want International Stocks?

3. US legal system, while flawed, is still the best in the world. Two questions spring to mind: - what criteria are you using to declare the US legal system to be "the best in the world"? That's a big claim. - wouldn't the relative quality of the US legal system be priced into stocks by t...
by David Scubadiver
Mon Mar 13, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to tackle fiancee's student loan debt
Replies: 33
Views: 3106

Re: How to tackle fiancee's student loan debt

...If you lose your big firm job in year 4, you may wind up taking a substantial pay cut. If you decide to quit, you may take a substantial pay cut. These events may be easier to handle if you have liquid reserves, which may be harder to accumulate if you are paying your fiance's tuition. This is i...
by David Scubadiver
Mon Mar 13, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Walkie-Talkie for 8-9 year old kids
Replies: 13
Views: 1009

Re: Walkie-Talkie for 8-9 year old kids

Look at the set on the far right (when you scroll down to the comparisons): https://www.amazon.com/gp/product/B007O441IC/ref=oh_aui_search_detailpage?ie=UTF8&psc=1 Basically the privacy codes are just a multiplier of the available channels. So if you have 20 channels, it is easier for someone to...