Search found 211 matches

by Ethelred
Mon Oct 23, 2017 2:53 pm
Forum: Investing - Theory, News & General
Topic: NASDAQ as a significant portfolio component?
Replies: 23
Views: 733

Re: NASDAQ as a significant portfolio component?

I implemented some rebalancing by steering each new (weekly) deposit into whichever piece of the portfolio would be left the least overweight by doing so. ^NDX got ahead of the new money and managed to become a little overweight in a few runs, but overall things stayed pretty well balanced to targe...
by Ethelred
Thu Oct 19, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 37
Views: 4543

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

I live in Texas, with no state income tax. But if I lived in a state with income tax, I would seriously consider bunching my tax payments too. One year you can "overpay" your state taxes using an estimated payment. This results in a higher deduction. The following year you have income from the stat...
by Ethelred
Thu Oct 19, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)
Replies: 37
Views: 4543

Re: Life in AMT Hell (or, How I Learned to Keep Worrying and Hate the Exemption Phaseout)

Living in Texas is not a ticket to low taxes - we are subject to AMT pretty much every year. Texas has property taxes instead of income tax, and having children also makes AMT much more likely.
by Ethelred
Thu Oct 12, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6275

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

Here is an article describing a study that the Houston 100-Year flood maps missed 75% of the floods occurring over over a 10 year period. And there were 5 major floods over 10 years. https://www.forbes.com/sites/trevornace/2017/09/18/fema-flood-maps-missed-claims-harvey-houston/ I don’t necessarily...
by Ethelred
Thu Oct 12, 2017 12:01 pm
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6275

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

It's a very sad situation overall. Many of these homes have been flooded three years in a row. The solution is to raise them onto piers above the base flood elevation level, but that is expensive and many of the homeowner's don't have the resources to do so. When most of these homes were built, the...
by Ethelred
Thu Oct 12, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6275

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

Read this on Bloomberg today. https://bloom.bg/2wPCcnF For house poor homeowners without flood insurance, many are facing grim choices. Not sure if they would benefit by waiting or cutting their losses now. Selling your primary asset at a 60% discount is a huge setback for any family. The yard sign...
by Ethelred
Thu Oct 12, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3615

Re: Rebalancing - Personal Philosophies

Good someone explain “bands” Rebalancing is about keeping your asset allocation close to how you plan it. Your asset allocation is allowed to vary within a band without rebalancing (exchanging between asset classes). You only rebalance if your asset allocation goes outside that band. If your asset ...
by Ethelred
Wed Oct 11, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: Financial Planners and Negotiations
Replies: 8
Views: 832

Re: Financial Planners and Negotiations

If you really are certain you need a financial advisor, why not use a fee-based advisor?
by Ethelred
Tue Oct 10, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3615

Re: Rebalancing - Personal Philosophies

Copied and pasted from another recent thread, with a little editing: The rebalancing strategy in my IPS is based on this article from Michael Kitces: https://www.kitces.com/blog/best-opport ... hresholds/ It's based on relative percentages, allowed to drift until thresholds are reached, and I check ...
by Ethelred
Mon Oct 09, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10080

Re: Third time in my 32 year career I have been laid off

My employer mentioned he wants to soften the transition by offering me a part-time consultant position and we'll talk soon. Sounds like a Megacorp scheme to avoid increases in their UI premiums while still sucking more of your brain out at a cheaper price. Never trust Megacorp for anything beyond t...
by Ethelred
Fri Sep 22, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Hurricane Harvey has me rethinking my approach to disaster preparations
Replies: 72
Views: 6316

Re: Hurricane Harvey has me rethinking my approach to disaster preparations

Something else to consider in your disaster preparations: what if you are away from your home when you find out the hurricane (or whatever it might be) is coming? We happened to be on a week's vacation to see the eclipse when we found out Harvey was going to impact us. Our neighbors checked on our h...
by Ethelred
Tue Sep 19, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1746

Re: New BOA Premium Rewards Card

Look at the "Earn more cash back as a Preferred Rewards client" portion of the first link. I know how Preferred Rewards works, since I have Platinum Honors status, but my understanding is that it does not apply to the points sign-up bonus. Doctorofcredit.com agrees that it doesn't apply (see the FA...
by Ethelred
Tue Sep 19, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1746

Re: New BOA Premium Rewards Card

I've been waiting to see the details on this card. It is potentially a very good deal, but only with BoA's Preferred Rewards, preferably at the top tier, giving a 75% bonus. That will pay 3.5% on travel and dining, and 2.62% on everything else. But is that enough to compete with the Chase Sapphire R...
by Ethelred
Tue Sep 19, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: New BOA Premium Rewards Card
Replies: 29
Views: 1746

Re: New BOA Premium Rewards Card

75% bonus from your offer once you plop $100k in Merrill Edge and achieve "platinum honors" status. https://www.bankofamerica.com/credit-cards/products/cash-back-credit-card/#headlineCcalcModule https://info.bankofamerica.com/preferred-rewards/#benefits I don't see anything that suggests that the p...
by Ethelred
Thu Sep 14, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3765

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

So, I have two answers this: 1. I've actually rebalanced very little. I made some minor asset allocation changes during the year, and rebalanced the unchanged assets slightly as part of those changes, but I don't count asset allocation changes as rebalancing. The rebalancing part was probably less t...
by Ethelred
Tue Aug 08, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Regarding BrokerageLink (Fidelity) and ORP plan Texas
Replies: 4
Views: 290

Re: Advice Regarding BrokerageLink (Fidelity) and ORP plan Texas

I have brokeragelink in my 401k, though my company are in the process of withdrawing it, and contributions are now frozen. It's been a year or so since I set it up, but I believe you can set up automatic investments, though it's a bit complicated. I believe you don't have to pay any additional fees,...
by Ethelred
Sat Aug 05, 2017 12:04 am
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 105
Views: 7649

Re: Backtesting some robo-advisers asset allocations

Avo wrote:More MCV and SCV, and a big does of Health Care.
Sorry, you misunderstand. I was asking Siamond about the portfolios he tested earlier.
by Ethelred
Fri Aug 04, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 105
Views: 7649

Re: Backtesting some robo-advisers asset allocations

Overall, the Betterment choices seem quite reasonable, and displayed a very decent track record in the period of time we studied (1985-2016). The portfolio definition is also fairly straightforward and reasonably easy to understand (certainly easier than SIP). The thing that puzzles me the most is ...
by Ethelred
Fri Aug 04, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 14835

Re: What we know about robo advisors

I get that. Think of mainstream robos as replacing a pretty good but not great financial advisor who tend to put all their clients in pretty similar asset allocations. Like Vanguard's FA. Ultimately you can't just treat this as a static asset allocation because you can't rebalance between taxable a...
by Ethelred
Fri Aug 04, 2017 10:59 am
Forum: Investing - Theory, News & General
Topic: Short vs. Intermediate bond backtest
Replies: 40
Views: 2718

Re: Short vs. Intermediate bond backtest

^^^^^^^^^^ This kind of discussion can provide a healthy 'take it with a grain of salt' context around the backtesting numbers, so please don't hesitate to add more colors. Longinvest, the short write-up from Dr. Bernstein that you pointed to is a fascinating read, thanks for sharing. It is an inte...
by Ethelred
Fri Aug 04, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 14835

Re: What we know about robo advisors

So, I went onto the Schwab SIP to investigate. More for interest than anything else. A few things I found interesting: - One significant disadvantage I see is that you only open one type of account, meaning that they cannot help with asset location (taxable vs. traditional IRA/401k vs Roth). I'm no...
by Ethelred
Fri Aug 04, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: What we know about robo advisors
Replies: 135
Views: 14835

Re: What we know about robo advisors

So, I went onto the Schwab SIP to investigate. More for interest than anything else. A few things I found interesting: - One significant disadvantage I see is that you only open one type of account, meaning that they cannot help with asset location (taxable vs. traditional IRA/401k vs Roth). Without...
by Ethelred
Wed Aug 02, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 105
Views: 7649

Re: Backtesting some robo-advisers asset allocations

That sounds reasonable, though I'm not sure how that REITs are that popular for tilting these days. The SCV funds are used to capture the small and value factors, and some Bogleheads will also tilt to momentum and other factors, though these are more expensive to access. However, real estate is not...
by Ethelred
Wed Aug 02, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 105
Views: 7649

Re: Backtesting some robo-advisers asset allocations

Let's consider your statement as a universal truth. Let's see what mathematical reasoning tells us about it. Hypothesis: An asset allocation containing large growth is always a bad asset allocation. Consequence: Investors, being rational, avoid this asset subclass in their asset allocation. In doin...
by Ethelred
Wed Aug 02, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Backtesting some robo-advisers asset allocations
Replies: 105
Views: 7649

Re: Backtesting some robo-advisers asset allocations

This is interesting, and great analysis, thanks Siamond. I don't quite agree. To build Tilt1, I just took some % out of TSM and sprinkled it to overload SCV and REITs (and same for Int'l). This is truly how Bogleheads tilters do it, as far as I understand. Tilt2 is more aggressive for sure, and less...
by Ethelred
Mon Jul 31, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3237

Re: Say Bye Bye To Wells Fargo Advisors?

I think you should obviously leave Wells Fargo, given the information you've provided. However, you haven't said why you chose to use them two years ago. If the reason you made that choice still exists, then you should probably stay. I'm guessing you're now older and wiser, but you haven't explained.
by Ethelred
Mon Jul 31, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Preparing for change = personal financial planning implications
Replies: 10
Views: 1044

Re: Preparing for change = personal financial planning implications

Grt2bOutdoors wrote:How is this actionable?
If you believe the article, there's a lot of actionable investment information there. It claims some of the predicted changes are already in motion.
by Ethelred
Mon Jul 31, 2017 2:24 pm
Forum: Investing - Theory, News & General
Topic: Preparing for change = personal financial planning implications
Replies: 10
Views: 1044

Re: Preparing for change = personal financial planning implications

I just read all of that linked article. It's written by someone who really does believe the hype. There are some good facts there, but whenever he draws his own conclusions, he quickly goes wrong. There are plenty of non sequiturs, but the most obvious is this: "Electric cars will become mainstream...
by Ethelred
Mon Jul 31, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Preparing for change = personal financial planning implications
Replies: 10
Views: 1044

Re: Preparing for change = personal financial planning implications

I just read all of that linked article. It's written by someone who really does believe the hype. There are some good facts there, but whenever he draws his own conclusions, he quickly goes wrong. There are plenty of non sequiturs, but the most obvious is this: "Electric cars will become mainstream ...
by Ethelred
Mon Jun 26, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Travel to Ireland and, hopefully, to Cambridge, England
Replies: 15
Views: 1153

Re: Travel to Ireland and, hopefully, to Cambridge, England

Cambridge doesn't have its own international airport, and it's not a particularly big city. Getting from Dublin to Cambridge is not going to be particularly convenient, especially considering you're only planning to go for a few days. I had a look at what's available from Dublin, and the nearest air...
by Ethelred
Thu Jun 15, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 6180

Re: Curious to odd estate question

chinto wrote:Thank you for any assistance you care to afford.
Why do you find it surprising that most here are unwilling to offer help to someone who has chosen to never help others and is going out of their way to ensure they never do so even after death?
by Ethelred
Mon Jun 12, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do Bogleheads own Stocks?
Replies: 77
Views: 8221

Re: Poll: Stock Ownership

I agree that the question about employer stock needed an "only" choice. The only individual stock my wife and I own is in our employers. And we usually sell that as soon as it vests. I recognize the point you'd like to make. Full disclosure: The only stock I've ever owned was my employer's contribu...
by Ethelred
Mon Jun 12, 2017 12:13 pm
Forum: Investing - Theory, News & General
Topic: Poll: Do Bogleheads own Stocks?
Replies: 77
Views: 8221

Re: Poll: Stock Ownership

I agree that the question about employer stock needed an "only" choice. The only individual stock my wife and I own is in our employers. And we usually sell that as soon as it vests.
by Ethelred
Sat Jun 10, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 3270

Re: "Paying" a minor for otherwise uncompensated work

Spirit Rider wrote:^ Huh???
Indeed. It doesn't even fit the original facts, since getting a W2 requires him to be a paid by the employer as an actual employee, and the OP said in the first post that even if it was possible, it would take too long to arrange.
by Ethelred
Wed Jun 07, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: "Paying" a minor for otherwise uncompensated work
Replies: 37
Views: 3270

Re: "Paying" a minor for otherwise uncompensated work

I don't see any way your father as an individual can pay you on a W-2 for work performed for a third party, especially a government agency. Except for household help, W-2 employment requires a legitimate business/employer to pay Fair Market Wages (FMV) wages for work performed for that business/emp...
by Ethelred
Wed Jun 07, 2017 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 2451

Re: Resident Alien Expatriating / 401k & VG taxable account

The eight year (or six year and two days) thing only applies to green card 'expatriates'. It is what defines 'long term' when the exit tax talks about "long term permanent residents" (LTPRs). If you take out citizenship and then renounce you are 'in scope' for the exit tax, even if you have only he...
by Ethelred
Mon Jun 05, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 378
Views: 70650

Re: Bank of America/Merrill Edge - Preferred Rewards

So just got off the phone with a Preferred Rewards rep. I asked about when I'd be eligible to enroll in the program. I opened a checking account and a Merrill Edge account with enough to be eligible for Platinum Honors on 4/29. Based on reading others' datapoints in this thread, I thought that I mi...
by Ethelred
Wed May 31, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Personal capital flight to non-US$, NOT Political!
Replies: 15
Views: 1750

Re: Personal capital flight to non-US$, NOT Political!

It would be helpful if you gave a link to Brett Arends' column so we can see what he actually says. I can't find the specific column you're referring to. Whether or not you're intending to be political, some of his recent "ROI" columns seem to me to be overtly political. That surprises me - I found...
by Ethelred
Mon May 01, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: buying dining table is hard
Replies: 55
Views: 3890

Re: buying dining table is hard

There are furniture stores in Houston that cover pretty much any furniture style you might want, except perhaps if you want high-end ultra-modern. Try these websites, then visit the places you like: - Ethan Allen - Crate and Barrel - West Elm - Pottery Barn - Star Furniture - Bassett Furniture - Res...
by Ethelred
Fri Apr 28, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 378
Views: 70650

Re: Bank of America/Merrill Edge - Preferred Rewards

This is great, thanks to all three of you for the useful replies. I had similar dates to you. My preferred rewards was activated about a week or two ago. I am fairly sure that the CSR is incorrect about the requirement for the checking account being open for 90 days. Read the contract, I don't belie...
by Ethelred
Fri Apr 28, 2017 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 378
Views: 70650

Re: Bank of America/Merrill Edge - Preferred Rewards

Since my sign-up bonus posted a few days ago, I figured I'd update my experience with BoA/ME. This is with the lower amount, since I missed the $1000 offer by a matter of hours. Some dates: 31 Dec ME account application. I am a US permanent resident, so application info says I need to send copy of m...
by Ethelred
Fri Apr 28, 2017 11:29 am
Forum: Investing - Theory, News & General
Topic: Is everyone getting notices on Vanguard webcasts?
Replies: 3
Views: 453

Re: Is everyone getting notices on Vanguard webcasts?

Yes, I keep getting them. It seems the only way to unsubscribe from them is to email Vanguard manually, rather than click a link to unsubscribe, which is pretty poor service in 2017.
by Ethelred
Thu Apr 27, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Capital One (on-line) vs Vanguard MM?
Replies: 3
Views: 522

Re: Capital One (on-line) vs Vanguard MM?

Nothing against Vanguard, but if you want to compare apples with apples, the Capital One 360 Money Market account currently pays 1.0% interest on amounts over $10,000. m There are other online savings accounts around currently paying 1.05%, and a few paying up to 1.25% (though these are more likely ...
by Ethelred
Fri Apr 21, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 3340

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

Adding $5500 to your Roth is unlikely to trigger your rebalancing bands in most cases. It's just not that important. Agreed. But in most cases the real question is what type of assets to invest these $5500 into in this Roth account. Good rebalancing spreasheet shows you what assets are below the ch...
by Ethelred
Fri Apr 21, 2017 11:55 am
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 3340

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

I can see why you might think along these lines, but personally I think it's a waste of time. And that's speaking as someone who manually tracks all our investments on a complicated Google Sheets spreadsheet once a month. I have comments on a few different aspects of this. Firstly, rebalancing is no...
by Ethelred
Sun Apr 16, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: 401K at Fidelity - International SCV and EM Funds/ETF
Replies: 7
Views: 659

Re: 401K at Fidelity - International SCV and EM Funds/ETF

We use FPMAX for emerging markets in my Fidelity 401k, since it's available to trade free of fees. With ER at 0.14%, with a minimum of $10,000, it's the lowest ER EM fund at Fidelity, unless you have $5M plus to afford an institutional fund. Fidelity don't have their own SCV funds, which seems stran...
by Ethelred
Mon Apr 10, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 378
Views: 70650

Re: Bank of America/Merrill Edge - Preferred Rewards

ETFs that invest in international funds? If so, which ones specifically do you mean? VG International ETFs below that have higher expense ratios at ME vs VG. vxus & vwo are only small variances; can look those up yourself. vxus vss <--- the largest difference .17 vs .13 vwo Interesting though v...
by Ethelred
Fri Apr 07, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: HDHP's - Does your employer offer them?
Replies: 47
Views: 2155

Re: HDHP's - Does your employer offer them?

There's some psychology here and most people unfortunately aren't Bogleheads (we can't change that). An HDHP with an HSA sounds great to a middle to high income Boglehead who is already saving 30% or more of income but to the rest of the population people hear "high deductible" and "...
by Ethelred
Thu Apr 06, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Account ready for investing.
Replies: 6
Views: 616

Re: Account ready for investing.

The US has the most complex tax system in the world. I strongly recommend that if you don't live in the US or have US citizenship, you don't invest in mutual funds or ETFs based in the US.
by Ethelred
Thu Apr 06, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best way of transferring wealth to kids?
Replies: 27
Views: 2857

Re: Best way of transferring wealth to kids?

From a 529 standpoint, you can deposit $14000 per child a year or $28000 a year if you are married. If you want to, you can front load that for 5 years so that is up to $140,000. That's not an actual limit. It's just that contributions above that level start to eat into the lifetime gift tax exclus...