Search found 305 matches

by Ethelred
Wed Jan 17, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: A question that keeps coming to my head
Replies: 13
Views: 1019

Re: A question that keeps coming to my head

Portfolio 2 - Swag forever Equities 15% US - used total US, not SP500, not sure if this is what you meant 20% Other advanced economies - assumed Europe only, so excludes Pacific developed 12% Emerging 7% Private - what is this? I substituted small cap blend Bonds 10% US 9% International - no foreig...
by Ethelred
Mon Jan 15, 2018 10:41 pm
Forum: Investing - Theory, News & General
Topic: International stocks underperformed for the last 20 years.
Replies: 148
Views: 15454

Re: International stocks underperformed for the last 20 years.

I haven't checked the numbers but it would seem to me that an all-encompassing international index would slightly underperform an index from any one country from the 'global north' most of the time. If one person doesn't get the flu, she will be healthier, on average, than the group. If she does ge...
by Ethelred
Mon Jan 15, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio design (U.K)...Please?
Replies: 8
Views: 400

Re: Help with portfolio design (U.K)...Please?

badbreath wrote:
Mon Jan 15, 2018 5:15 pm
There was a interesting article on JL Collins blog about UK investing

http://jlcollinsnh.com/2018/01/12/an-in ... pe-artist/
Looks like that's a guest post. And the portfolio recommended is odd, especially the recommendation for "25% cash / gilts".
by Ethelred
Mon Jan 15, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1054

Re: Investment Grade (barely)

It's probably noting that VWITX (Vanguard Intermediate-Term Tax-Exempt Fund - Investor Class) is (one of?) the largest muni funds. As of the latest annual report in October, it contains this as the top ten: New York 16.2% California 12.3 Texas 9.4 Illinois 6.4 Florida 4.9 Pennsylvania 4.7 Maryland 3...
by Ethelred
Mon Jan 15, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2431

Re: Do people in the forum hold foreign bonds?

No. But that's in large part because our bond holdings are in retirement accounts, and neither of our 401ks have any foreign bond choices.
by Ethelred
Sat Jan 13, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for UK equivalent of a 12-month CD
Replies: 2
Views: 157

Re: Looking for UK equivalent of a 12-month CD

Such things do exist, but they are not as popular as Fed in the USA. I just checked the Barclays website, and they have something called a savings bond, which is only available to their Premier customers. I'm sure some of the other banks may have something similar, or maybe with National Savings at ...
by Ethelred
Sat Jan 13, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Consulting side gig while at mega corp
Replies: 25
Views: 2112

Re: Consulting side gig while at mega corp

You may struggle with this. It's pretty standard to have an employee agreement where you are expected to obtain permission from the employer either to do any other work, or any other work in the same industry. Depending on the employer, I would imagine that most will give permission if all of the fo...
by Ethelred
Fri Jan 12, 2018 9:48 am
Forum: Investing - Help with Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 6534

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I'm not surprised by some of the replies here. In general, Bogleheads is a fairly financially conservative forum, and many have no experience of what you're trying. In terms of your asset allocation and fund choices, I don't see a big problem with any of your proposals. Personally, if I was retiring...
by Ethelred
Thu Jan 11, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Individual investors, possible structural advantages
Replies: 10
Views: 672

Re: Individual investors, possible structural advantages

Not to dive too deep, but to expand a little on #2 (munis) and #9 (individual stocks). Munis: There's already a tailwind for an individual, in certain states, because they avoid even the cheap (but non-zero) ER of a Vanguard national muni fund, and they can buy issues for their specific state (savi...
by Ethelred
Thu Jan 11, 2018 4:54 pm
Forum: Investing - Theory, News & General
Topic: Individual investors, possible structural advantages
Replies: 10
Views: 672

Re: Individual investors, possible structural advantages

TLDR - I propose a list of areas (below) where individual investors may be able to outperform a 3-fund portfolio due to certain structural issues. For those who are interested in, possibly, doing a little bit better than a standard, simple portfolio (at the likely cost of extra time and effort), I ...
by Ethelred
Thu Jan 11, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 87
Views: 10622

Re: IRS announces new withholding tables for 2018

For comparison, the 2017 tables are in Publication 15, here:
https://www.irs.gov/pub/irs-pdf/p15.pdf
by Ethelred
Thu Jan 11, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Zimbabwe stock market acting strangely again
Replies: 15
Views: 1877

Re: Zimbabwe stock market acting strangely again

My first reaction: "What? Why? How did you even notice that?" My second reaction: "That is strange. I wonder why?" So, according to this Zimbabwe news site (not sure if local), there was a bubble from locals looking for investments that could out-pace inflation, and then it burst once Mugabe was rem...
by Ethelred
Wed Jan 10, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 213
Views: 22153

Re: Hitting The Sell Button

If you are interested, you can read my IPS in my "How Do You Like My New 'Doo" thread. Pretty much, I took the Morningstar worksheet and answered the questions. It is a statement of investment philosophy. I talk about a relaxed rebalancing philosophy, rebalancing bands of up to 10%, and looking for...
by Ethelred
Wed Jan 10, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 861

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

It's not that I disagree but I'm curious as to what components of Accounting you see as a mismatch? That's my initial reaction, I guess, though I'm not an accountant, and open to contradiction by someone who is. Some aspects are obviously similar - working with numbers, for example, but accountancy...
by Ethelred
Wed Jan 10, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Input/Thoughts Needed: Education/Career Path - Crucial Life Point
Replies: 14
Views: 861

Re: Input/Thoughts Needed: Education/Career Path - Crucial Life Point

I don't have a lot of advice, but I figured I'd say a few things: 1. Bogleheads as a whole are a pretty financially conservative bunch. It will probably be fine, but you may need to be careful that you don't allow this thread to get derailed into a discussion of your poker playing. 2. You may be qui...
by Ethelred
Wed Jan 10, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Why are 401k ROTH rare?
Replies: 11
Views: 1202

Re: Why are 401k ROTH rare?

Two things: 1. As mentioned earlier, Roth 401ks are newer than traditional 401ks. 2. For the great majority of people, contributing to a Roth 401k instead of a traditional 401k is a bad idea. In general terms, it is only the better choice if your current (marginal) income tax rate is less than your ...
by Ethelred
Wed Jan 10, 2018 1:28 pm
Forum: Investing - Theory, News & General
Topic: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?
Replies: 48
Views: 6263

Re: If I have a million with Edward Jones, in 10 years, how much money has my FA made off me?

I did find this https://www.edwardjones.com/images/ETY-1714E-A-MA.pdf Look what happens to the people who have less than 6 grand with them. I dont even know what that means. Is that 2.50% squared 3 times or what? Thats nuts!! You might want to read that a bit more carefully. 1. That's their commiss...
by Ethelred
Wed Jan 10, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth strategy - your thoughts
Replies: 12
Views: 1193

Re: Backdoor Roth strategy - your thoughts

Can you rollover the tIRAs into your 401ks?
by Ethelred
Wed Jan 10, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 1797

Re: Withdrawal sequencing

I know it cost me more to get the money into the Roth and the brokerage account but that is sunk cost, right? At this point it appears to me that due to taxes the Traditional account will always be less productive going forward and should be liquidated first but all the advice I see says liquidate ...
by Ethelred
Tue Jan 09, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: Is the glidepath (target) strategy just an illusion?
Replies: 33
Views: 2608

Re: Is the glidepath (target) strategy just an illusion?

I think no discussion on Glidepaths is complete without a reading of the 2 articles on glidepaths in the ERN series on SWR. Here is the 1st one: https://earlyretirementnow.com/2017/09/13/the-ultimate-guide-to-safe-withdrawal-rates-part-19-equity-glidepaths/ I am convinced that gliding equities to a...
by Ethelred
Tue Jan 09, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing effect of first speeding ticket
Replies: 28
Views: 2028

Re: Minimizing effect of first speeding ticket

1. Tell your parents.
2. What state are you in? Almost none of the advice here will be correct for all states.
by Ethelred
Tue Jan 09, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable: State-Specific Muni Fund?
Replies: 9
Views: 829

Re: Bonds in Taxable: State-Specific Muni Fund?

Personally, I would only use the state-specific fund. I doubt longer duration would be enough for me to do anything different, but if it was, I'd counteract it by shortening the average duration of the bond funds in my tax-advantaged accounts. That said, I live in a state with only sales tax and pro...
by Ethelred
Mon Jan 08, 2018 10:31 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 213
Views: 22153

Re: Hitting The Sell Button

My Investment Policy Statement is a strategic and not a tactical document. Markets and the economy change over time so it seems rather presumptuous to have tactical moves figured out 3, 5, and 10 years ahead of time. For example, each bear market has different causes and each bear market has a diff...
by Ethelred
Mon Jan 08, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 213
Views: 22153

Re: Hitting The Sell Button

I think that a lot of people here including myself practice mild forms of market timing. What I and others are doing is most likely a re-evaluation of our risk profile and asset allocation in response to advancing age and zooming markets. As asset classes achieve higher and higher valuations, futur...
by Ethelred
Sun Jan 07, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 213
Views: 22153

Re: Hitting The Sell Button

Ethelred, I think most of us are not talking about market timing. We are talking about substantial few times in a lifetime changes to the asset allocation. Valuations do matter. High past returns result in high valuations, lower future expected returns, whole dispersion of potential future returns ...
by Ethelred
Sun Jan 07, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 213
Views: 22153

Re: Hitting The Sell Button

For a forum that "doesn't believe in market timing", there's an unreasonable amount of market timing going on in this thread.
by Ethelred
Fri Dec 29, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Crater Lake trip from Bay area in June
Replies: 21
Views: 1378

Re: Crater Lake trip from Bay area in June

I was at Crater lake the 4th week of 2016. Road was not open to cars all the way around the lake, tho I think cyclists could do most if not all the circumference. The major roads in from the south and out thru the north west were open, and the connection between. You mean the 4th week of June 2016?...
by Ethelred
Fri Dec 29, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Tax Act discount
Replies: 9
Views: 1114

Re: Tax Act discount

Sadly, it's still not a good deal, especially their new "Freelancer" version. I've used Taxact for the last three years, but even after this discount, Taxact costs double the H&R Block Premium download using their discount. Guess which I'll be using this year? https://www.hrblock.com/tax-software/ M...
by Ethelred
Thu Dec 21, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: Fidelity/NetBenefits vs. Vanguard vs. Schwab--Best Online 401k Account Management Website
Replies: 10
Views: 984

Re: Fidelity/NetBenefits vs. Vanguard vs. Schwab--Best Online 401k Account Management Website

I have experience with all of these companies: - Fidelity NetBenefits - my 401k. I've always been satisfied with the user experience there, but it has been modernized for the better in the last year or so. It's taken a long time for the modernization process to propagate through all of the different...
by Ethelred
Thu Dec 21, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Tax Planning - 11 days to donate "stuff" from garage/basement
Replies: 27
Views: 2023

Re: Tax Planning - 11 days to donate "stuff" from garage/basement

Yes, you need to include form 8283, but if over $500 per load you need to add columns e/f/g to the form for that load: Date acquired, how acquired and your cost. Who the heck has that for stuff they are cleaning out of the garage/closet? I sure don't so I keep each load to $500 or less. Also the fo...
by Ethelred
Thu Dec 21, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 49
Views: 6900

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

This great deal is still valid, just purchased H&R Block 2017 Deluxe Federal + State for $14.95. Thanks! Yes. I'm going to be using H&R Block download this year, instead of TaxAct. Because we need Schedule C, Taxact (Freelancer) is currently three times the price of H&R Block (Premium). Even when T...
by Ethelred
Wed Dec 20, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 91
Views: 7605

Re: Multiple factors vs. Total Stock Market

Dave: I posted this on 3-15-2017: The oldest multi-factor fund I could find is PNC Multi-Factor Small-Cap Value C (PSVCX). It's 15-year average return was 5.72%. Total Stock Market (VTSAX) 15-year average return was 7.63%. Best wishes. Taylor Except no Boglehead would recommend comparison to that f...
by Ethelred
Wed Dec 20, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do We Have to Wait Until Trump Signs the Bill Before We Can Discuss It?
Replies: 44
Views: 2715

Re: Do We Have to Wait Until Trump Signs the Bill Before We Can Discuss It?

According to the forum rules, we can't discuss the tax bill until it's signed off by the president. The reasoning behind this is, usually, sound. Firstly, legislation isn't usually actionable until it's enacted. And secondly, discussion of planned legislation can descend into partisan name-calling. ...
by Ethelred
Mon Dec 18, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp wants to change my bonus!
Replies: 25
Views: 4603

Re: Megacorp wants to change my bonus!

Does it move the needle if the unvested RSUs are awarded at the beginning of the year? I think it brings breakeven forward a year. Stock choice first, all cash second End of Year 1: 10% cash + 2.7% vested + 5.3 unvested / 15% cash Maybe? It will depend on exactly how the vesting schedule works. I'd...
by Ethelred
Mon Dec 18, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp wants to change my bonus!
Replies: 25
Views: 4603

Re: Megacorp wants to change my bonus!

The obvious question is, when is the break-even? For simplicity, I'm going to assume the stock value increases in line with whatever asset you invest the cash in, and growth rate equals discount rate (so 15% in year 1 equals 15% in year 2 etc.). Clearly in real life, cash is preferable to stock on a...
by Ethelred
Mon Dec 18, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 22
Views: 1621

Re: Investing in "Frontier" Markets

The Boglehead philosophy is to invest in global market weight. Meaning Total International Fund has enough frontier markets already. You can tilt a little if you are a gambler, but I certainly wouldn't invest completely in frontier markets. Do you have reason to believe these developing countries c...
by Ethelred
Thu Dec 14, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 4923

Re: I’ve made huge errors and hope it’s not too late

You are actually in a good position.

Investing for retirement consists of two things:
1. Saving for retirement.
2. Investing those savings to generate growth through compound interest.

Point 1 has a bigger impact than point 2 for almost everyone, and you seem to already be doing that.
by Ethelred
Thu Dec 14, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 5225

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

No the $177k loss guy (I think it was $117k) is another person who posted a different thread. Ppl are getting us confused. He bet on health-related stocks on margin longer-term. But the rest of what you wrote is true. Small intraday price movements are frighteningly unpredictable. Ah, OK. I apologi...
by Ethelred
Thu Dec 14, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 5225

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

I've been reading this thread, incredulously, as it keeps growing. I don't have any objection in principle to using of margin, even if I don't myself, but there seems to be no logic behind how it's being used. Short-term trading is like gambling. It's a zero-sum game, in which you are trying to win ...
by Ethelred
Wed Dec 13, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 99
Views: 7549

Re: TaxAct and alternatives

Got an email today that the Taxact 2017 preview is available. So I downloaded it and today is going to be preliminary tax day for me. Notably, TA preview gets later and later every year. Thanks for letting us know. A month ago, they said it wouldn't be available until January, so I guess that's a s...
by Ethelred
Tue Dec 12, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 103
Views: 10164

Re: Past Performance ?

Bill Schultheis, adviser and author of The Coffeehouse Investor : "Using past performance numbers as a method for choosing mutual funds is such a lousy idea that mutual fund companies are required by law to tell you it is a lousy idea." Taylor, Do you see the irony of using a quote from a financial...
by Ethelred
Tue Dec 12, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3648

Re: Best solution for digitizing documents?

Just curious - What types of documents are you finding yourself having to digitize? I access everything I need to in a digitized format. Everything I need already comes in digitized format: PDFs from all my banks, brokerages, Health-care provider, etc. All my bills are sent to my bank digitized. In...
by Ethelred
Tue Dec 12, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3648

Re: Best solution for digitizing documents?

avenger wrote:
Tue Dec 12, 2017 2:11 pm
ScannerPro creates searchable documents.
Sure, as do some of its competitors, and the review I checked suggested that the OCR is pretty good. But phone scanning is not efficient enough unless you have a pretty small number of documents to scan.
by Ethelred
Tue Dec 12, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3648

Re: Best solution for digitizing documents?

How do you gentlemen organize the scanned data? Is it a pain to handle filename/details? Any other pro tips to make scanning large number of files and photos less painful? So, this is what I've found. Scanning by phone is obviously impractical if you have a lot of documents to scan. If you have few...
by Ethelred
Tue Dec 12, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2376
Views: 439596

Re: What's Your Credit Card Rewards Strategy?

UpperNwGuy, drk, curmudgeon, shariq1989: Thank you for your excellent ideas. Plan A: Keep the Sapphire card for now (one year anniversary isn't until July 2018) and "mock-cancel" in June to see if I can get a statement credit incentive to keep the card for another year. Plan B: Transfer the miles t...
by Ethelred
Fri Dec 08, 2017 10:24 am
Forum: Investing - Theory, News & General
Topic: Call the Top!
Replies: 29
Views: 2727

Re: Call the Top!

2665.19 (the current maximum)

Note: I don't actually believe that, but I think it's the most interesting answer.
by Ethelred
Wed Dec 06, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3648

Re: Best solution for digitizing documents?

It doesn't review as well as the Fujitsu, but part of that seems to be the quality of Epson's own OCR software. I think you'll be happy with the Epson -- their scanning software is very good, and to me more flexible than Canon's. (HP's we won't mention!) However, if you scan your paper documents to...
by Ethelred
Wed Dec 06, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Best solution for digitizing documents?
Replies: 43
Views: 3648

Re: Best solution for digitizing documents?

We looked at the ScanSnap and we decided to go with Doxie Q for the price. I've since used a ScanSnap at work and it's an impressive scanner but we don't scan THAT much now that the initial motherload is digitized. The Doxie does a good job and the bonus is it's portable since it is battery powered...
by Ethelred
Tue Dec 05, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 45
Views: 4185

Re: Paying taxes with credit card?

You probably have heard of this. 0. Use cashback credit card to buy tax software that gives a bonus on your refund. In past bonus has been 10%, but I see now 5%. 1. Run tax software to see your expected tax liability. 2. On last paycheck of year, make sure you exceed withholding for tax liability t...
by Ethelred
Tue Dec 05, 2017 6:54 pm
Forum: Personal Consumer Issues
Topic: Chain of command
Replies: 39
Views: 5050

Re: Chain of command

You are correct. Do they really think I won't find out? CFO has given himself plenty. I know those too. They happened before 2016 though, the new trustee only just join us mid 2017. Should I tell him? If I don't, then I would be found consenting in hiding it after the fact IF the new trustee ever f...