Search found 465 matches

by LFKB
Tue May 22, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9711

Re: how do you tip on wine at a restaurant

Some will call me cheap, but I tip $10 for wine regardless of the price of the bottle, maybe $20 if it's a real swanky place and my employer is paying. They don't put in any more work on a $400 bottle vs. a $40 one. Why is it different for wine than food? Do they put in more work carrying out a $10...
by LFKB
Thu May 17, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60
Replies: 106
Views: 6846

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

We recently got the XC60 for my wife and love it. The safety, tech and look are superior to the others you named IMO
by LFKB
Thu May 17, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3231

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

The expense ratio is .16% so OP will be losing $10 for the hassle of moving it over. Still worth it?? OP will not lose $10 because the SEC yield includes the expense ratio. I move easy things for $30 all the time. You sure about that? The definition on Vanguard says nothing about the SEC yield incl...
by LFKB
Thu May 17, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3231

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

To put this in perspective, the difference of .12% on $25k is $30 per year...and it would be less after the expense ratio This is Bogleheads. Based on the comments I read, there are plenty of people who would go through the hassle to switch for $30. :D The expense ratio is .16% so OP will be losing...
by LFKB
Thu May 17, 2018 12:33 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 10428

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

would like to take the cash and put it into a Short/Mid Term investment that would provide a Low Risk , Principle protected investment that would provide a 4-6% after tax , annual return to supplement my current retirement income. This does not exist, and anyone offering it is trying to rip you off...
by LFKB
Thu May 17, 2018 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%
Replies: 26
Views: 3231

Re: Ally No Penalty CD @1.75% vs VMMXX @ 1.87%

To put this in perspective, the difference of .12% on $25k is $30 per year...and it would be less after the expense ratio
by LFKB
Wed May 16, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9711

Re: how do you tip on wine at a restaurant

I'm glad I don't drink in restaurants. To read that a person pays $50 for food and 1.5 times that for wine is so strange to me. Can people not hold off for an hour or two? But to OP, I agree. The few times I have been forced to order wine for others (I always pay :oops: ), I applied a $10 tip for i...
by LFKB
Wed May 16, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9711

Re: how do you tip on wine at a restaurant

Some will call me cheap, but I tip $10 for wine regardless of the price of the bottle, maybe $20 if it's a real swanky place and my employer is paying. They don't put in any more work on a $400 bottle vs. a $40 one. Why is it different for wine than food? Do they put in more work carrying out a $10...
by LFKB
Wed May 16, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 185
Views: 9711

Re: how do you tip on wine at a restaurant

20% pretty much always on the Total amount before tax. I don’t tip less on alcohol. That is really cheap to do that.

I sometimes tip 15% for bad service and maybe once every 12-24 months I’ll receive truly awful service and leave zero.
by LFKB
Tue May 08, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16869

Re: What Percentage CASH are you?

About 1%, which is about one months living expenses
by LFKB
Sun May 06, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7889

Re: What career for smartest kid in the class?

A lot of the most talented students today are going to where the highest compensation is, which is finance (i baking, private equity, hedge funds) and tech start ups. There are still plenty of smart kids going into medicine and law, but it seems like lower numbers of the top tier students do each ye...
by LFKB
Thu May 03, 2018 11:19 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 17673

Re: Ed. Jones rep didn't like our plan, now we're locked out

That is absurd. Reason number 7,000 not to use a Edward Jones. It does not seem legal or at least I am doubtful it’s within company policy. I’d call customer service and ask to get elevated to the manager. If they can’t help you I’d make an empty threat like you’re going to publish this story somewh...
by LFKB
Thu May 03, 2018 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Commissions - How Negotiable?
Replies: 31
Views: 1966

Re: Real Estate Commissions - How Negotiable?

I walked into a house without an agent for a $4 million house. I told the guy I’d like him to represent both sides of the transaction but for 1% instead of 2.5% and he wouldn’t budge at all. He could have made $40k for a few hours of work but he viewed 1% as beneath him. I ended up using a friend wh...
by LFKB
Thu May 03, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: What Bond Funds Do You Use Other Than Total Bond Market??
Replies: 10
Views: 1188

What Bond Funds Do You Use Other Than Total Bond Market??

I currently have my bond allocation in Vanguard Total Bond Market. Given I’m young, I’m considering switching to something with a similar duration but slightly lower credit quality to increase the expected yield. I am considering Vanguard Intermediate Term Corporate Bond Market (VICSX) which is simi...
by LFKB
Fri Apr 27, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 1814

Re: Is there any way around short term capital gains taxes?

The best way I know to avoid them is to hold your investments a year or longer - works for me every time :wink:
by LFKB
Fri Apr 13, 2018 1:30 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 3729

Re: Crazy to start 529 without kids??

It’s a good idea given the facts you’ve told us so I’d go ahead with it. However, the gains on $5k are not going to save you much in taxes. Let’s say that $5k becomes $20k over the next 25 years, you have a $15k gain and at 20% capital gains that’s $3k in savings. It’s not nothing but it’s not a ton...
by LFKB
Thu Mar 29, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 9370

Re: What is the endgame for Millennials?

There are many exceptions to this. I am a millennial and have over $2 million saved for retirement. Of my group of friends who are all millennials, I am pretty confident that at least 90% of them has at least $100k saved for retirement.
by LFKB
Thu Mar 22, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Do you Continue to invest even in down market??
Replies: 54
Views: 6493

Re: Do you Continue to invest even in down market??

I just bought stocks today given the S&P500 went down 2.4%, so yes
by LFKB
Mon Mar 19, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Spreadsheets Samples and What To Keep Track Off
Replies: 5
Views: 751

Re: Spreadsheets Samples and What To Keep Track Off

I have a spreadsheet I list each of my accounts and then each of my holdings and amounts in each of those accounts. I also list whether the account is helf in taxable, 401k or IRA For stocks, I have columns that show what % small, mid and large cap and what % US, international and EM each of my inve...
by LFKB
Wed Mar 14, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford house in VHCOL area?
Replies: 17
Views: 2165

Re: Can I afford house in VHCOL area?

LA homeowner here. It seems like you have enough equity in your current home to simply use that equity as your down payment for your new home without liquidating any other assets. You could put more money down if you wanted, but with interest rates where they are it’s probably not advisable, but tha...
by LFKB
Tue Feb 27, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will my lax approach to record keeping fly in an audit?
Replies: 40
Views: 3922

Re: Will my lax approach to record keeping fly in an audit?

Please, only reply if you've ever been audited. To my audit I brought many files of paperwork. IRS agent was really nice, pleasant and friendly. He asked many questions; I offered explanations. It was a full audit: slated for every form of the tax return. We plodded through, line by line. And I pro...
by LFKB
Tue Feb 27, 2018 9:52 pm
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 77
Views: 7318

Re: AAPL, AMZN, or GOOG?

It seems a lot of people in this thread don’t fully understand how diversified Amazon and Google are. AWS and Amazon Media may be worth $200 billion (mostly from AWS) and Waymo (autonomous cars) and YouTube may be $100-$200 billion. Basically, there are segments within these businesses that some peo...
by LFKB
Tue Feb 27, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 77
Views: 7318

Re: AAPL, AMZN, or GOOG?

If I had to take an all or nothing wager on those three for best returns after 20 years, I'd go with Amazon. To me, they are the most diversified and are trying to grow well beyond their current reach. E.g. grocery, shipping, pharmaceutical I love Amazon, but Google is much more diversified in my v...
by LFKB
Tue Feb 27, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 77
Views: 7318

Re: AAPL, AMZN, or GOOG?

I own three individual stocks - Google, Amazon and NVIDIA. I like the 10-15 year prospects with all of them. Google - dominant search position making bets in the right areas - cloud, artificial intelligence, autonomous vehicles, etc Amazon - only about 9% of sales done online today. I think that goe...
by LFKB
Tue Feb 13, 2018 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 30
Views: 3603

Re: What's the most "interesting" job in corporate finance?

I would say private equity and venture capital are the most interesting. You get to meet a lot of management teams and are constantly putting on your investment cap and making decisions on the capabilities of the business and the management team as well as potential ways Tj improve it. You can also ...
by LFKB
Tue Feb 13, 2018 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 98
Views: 12079

Re: REIT or No REIT

My case: REITs are bad investments in a rising interest rate environment since they run on borrowed money. REITs are volatile. If they drop significantly, then that will be the time to buy them, but be prepared to sell them if they go up quickly, too. If there is a 20% correction, then there will b...
by LFKB
Thu Feb 08, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Barcelona-Real Madrid Tickets
Replies: 3
Views: 465

Re: Barcelona-Real Madrid Tickets

I went to a Barcelona Real Madrid game in Barcelona last August. I bought them online through the Barcelona ticket office the day they went on sale and they were around 200 euros each for very good seats. If you waited too long, you are likely dealing with aftermarket tickets at much higher prices. ...
by LFKB
Tue Feb 06, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Where Are The 100% Equity Bulls? BND up .44%
Replies: 47
Views: 4870

Re: Where Are The 100% Equity Bulls? BND up .44%

What an odd post. The stock market is all the way down to where it was one month ago. Unless you put your life savings in the market within the last few weeks, this is not even a re-balancing opportunity for those holding bonds. I am 95% equities and put about $50k of my bonus that I received last w...
by LFKB
Sat Feb 03, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4398

Re: Amazon Stock - Can this giant be stopped?

Picking 12/31/2000 by eyeball and intuition as the start of a period of time during which Amazon grew fairly steadily... Source https://imgur.com/rrX0xCk.png Since then, over a period of 17 years, Amazon has grown about 75X while the stock market as a whole has grown only 3X. That means that Amazon...
by LFKB
Mon Dec 25, 2017 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Blockchain Technology Companies and Funds/ETFs/Futures
Replies: 20
Views: 2029

Re: Blockchain Technology Companies and Funds/ETFs/Futures

Blockchain will revolutionize many industries [...] Curious about what industries you think will be revolutionized by blockchain... Blockchain is a technology that lets you create an incontrovertible (practically speaking) public record of transactions/contracts. This is especially useful in situat...
by LFKB
Mon Dec 25, 2017 12:22 am
Forum: Investing - Help with Personal Investments
Topic: how to "know" what asset allocation is right? (crypto windfall)
Replies: 39
Views: 5297

Re: how to "know" what asset allocation is right? (crypto windfall)

Early cryptocurrency adopter/speculator here (Bitcoin, altcoins, etc). I sold 95% of my holdings over the past month (after taxes I will have around $7 million left over). I am in my early 30s, single, stable employment in a field I enjoy so I plan to continue a frugal lifestyle as if nothing chang...
by LFKB
Sun Dec 24, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Blockchain Technology Companies and Funds/ETFs/Futures
Replies: 20
Views: 2029

Re: Blockchain Technology Companies and Funds/ETFs/Futures

You could always invest in the Crypto Co (ticker CRCW). It has an 11 billion market cap and about $500k of quarterly revenue. You’ll have to wait until January 3rd though because the SEC halted it for trading.

Personally, I’m trying to find a way to short it.
by LFKB
Sun Dec 24, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Blockchain Technology Companies and Funds/ETFs/Futures
Replies: 20
Views: 2029

Re: Blockchain Technology Companies and Funds/ETFs/Futures

Blockchain will revolutionize many industries, but I haven’t figured out the best way to invest in it. It’s like saying you want to invest in the internet, but the issue is numerous internet companies still went bust. If there’s a good diversified way to do it, I’d invest. But I’m certainly not jump...
by LFKB
Sat Dec 23, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: How much have you donated to John C Bogle Center for Financial Literacy?
Replies: 17
Views: 1916

Re: How much have you donated to John C Bogle Center for Financial Literacy?

LeeMKE wrote:
Sat Dec 23, 2017 8:52 pm
By signing up at Smile.Amazon.com, and putting that address in my bookmarks, I've directed donations to John C Bogle Center for Financial Literacy.

So far, I've donated $14.40.

What are others at? Not signed up? Do it and join us for 2018!
Changing the world $14 a time
by LFKB
Mon Nov 06, 2017 7:56 pm
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 549
Views: 61087

Re: Fellow TDA bogleheads

I have heard nothing of this and actually just bought some more VTI yesterday in my TDA account (a very small amount). If they drop VTI (the only thing I buy there) as free, I'll wait for all my investments to become long term, sell all but one share and put all the money in Schwab. TDA never calls...
by LFKB
Sat Nov 04, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Newb Question: Buffet principles and why he chose Apple
Replies: 4
Views: 706

Re: Newb Question: Buffet principles and why he chose Apple

Buffett views Apple as a consumer products company, not a technology company. Also, the P/E has been and continues to be extremely low for a company with its growth, margins, cash flow, market share, customer loyalty and so on.
by LFKB
Fri Nov 03, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 549
Views: 61087

Re: Fellow TDA bogleheads

I have heard nothing of this and actually just bought some more VTI yesterday in my TDA account (a very small amount). If they drop VTI (the only thing I buy there) as free, I'll wait for all my investments to become long term, sell all but one share and put all the money in Schwab. TDA never calls...
by LFKB
Fri Oct 27, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: For Those Without a State Income Tax Break, Which 529 Do You Use and Why?
Replies: 10
Views: 986

Re: For Those Without a State Income Tax Break, Which 529 Do You Use and Why?

I have used the Utah plans for my two grandchildren now for several years. I chose them because they have been recommended by Morningstar after their careful analysis of all the available plans throughout the US. The Utah website is easy to use. There are now many good plans. We use NV, UT, and NY....
by LFKB
Thu Oct 26, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: For Those Without a State Income Tax Break, Which 529 Do You Use and Why?
Replies: 10
Views: 986

For Those Without a State Income Tax Break, Which 529 Do You Use and Why?

My wife is pregnant and I am trying to decide on a 529 plan for our daughter. For those in a state without a state income tax break, which 529 did you pick and why? The Vanguard Nevada 529 seems like an obvious choice for ease and given the low fees, but I have not done much research yet so wanted t...
by LFKB
Thu Oct 26, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: What Should I be Aware of When Opening/Funding a New 529?
Replies: 11
Views: 1330

Re: What Should I be Aware of When Opening/Funding a New 529?

In 2018, the annual gift tax exclusion is increasing to $15k. That means if you super fund it, you can put in $75k per adult or $150k in one lumpsum. That may or may not be overkill depending on childs aspirations and ability so you may or may not want to put in quite so much. If you look at cost o...
by LFKB
Mon Oct 23, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: What Should I be Aware of When Opening/Funding a New 529?
Replies: 11
Views: 1330

Re: What Should I be Aware of When Opening/Funding a New 529?

CA actually has reasonable funds with low expense ratios. While CA doesn't have any state tax advantage for using their 529 they are one of the lowest cost 529s around. This wasn't always the case. You can contribute a max of $28,000 a year as a couple to a given child without this affecting your e...
by LFKB
Mon Oct 23, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: What Should I be Aware of When Opening/Funding a New 529?
Replies: 11
Views: 1330

What Should I be Aware of When Opening/Funding a New 529?

My wife and I will be welcoming our first child in April and I have been thinking about opening a 529 for her. We live in California and are in the top federal and state tax bracket. While I've read up on 529s some, I wanted to ask the board what I should be aware of when opening one and if there ar...
by LFKB
Thu Sep 28, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 8183

Re: What are your monthly expenses?

Monthly expenses would look something like this Mortgage/property taxes - $10k Restaurants/bars - $3k Travel - $3k Clothes/furniture/electronics - $1k Insurance - $700 TV/internet/utilities - $700 Miscellaneous - $1600 Savings - $40k Taxes - $50k :( Sweet lord. We are saving about 2/3 of our after ...
by LFKB
Thu Sep 28, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 8183

Re: What are your monthly expenses?

Monthly expenses would look something like this Mortgage/property taxes - $10k Restaurants/bars - $3k Travel - $3k Clothes/furniture/electronics - $1k Insurance - $700 TV/internet/utilities - $700 Miscellaneous - $1600 Savings - $40k Taxes - $50k :( These are incredible monthly expenses, over $100k...
by LFKB
Sat Jul 29, 2017 2:43 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 8183

Re: What are your monthly expenses?

Monthly expenses would look something like this

Mortgage/property taxes - $10k
Restaurants/bars - $3k
Travel - $3k
Clothes/furniture/electronics - $1k
Insurance - $700
TV/internet/utilities - $700
Miscellaneous - $1600
Savings - $40k
Taxes - $50k :(
by LFKB
Wed Jul 19, 2017 3:24 pm
Forum: Investing - Help with Personal Investments
Topic: What Major Companies are Not Included in Standard Vanguard Index Funds?
Replies: 14
Views: 2112

Re: What Major Companies are Not Included in Standard Vanguard Index Funds?

I believe both Alibaba and Samsung fall into this category and are not included in TSM, Total International or Emerging Markets, correct? No, not correct. Mostly echoing points others have made above: https://s10.postimg.org/kmbc6jkrd/Captura_de_pantalla_2017-07-18_a_las_8.52.15_PM.png Both have $2...