Search found 38 matches

by SimplepathtoBogle
Sat Aug 26, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: My Master Plan
Replies: 9
Views: 1213

Re: My Master Plan

I will echo what bad breath posted about JL Collins book. It is great and lays out a simple plan. I can't recommend it strongly enough and have to many friends.
by SimplepathtoBogle
Thu Aug 24, 2017 3:14 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard fund shareholders encouraged to vote as proxy campaign gets under way."
Replies: 87
Views: 19347

Re: Vanguard Vote By Proxy

I didn't see anything remotely objectionable other than the proposal the board recommended a vote "against" as mentioned above. I usually pass on voting in these things, but I am glad I looked it over and agreed with their recommendations on the No vote. I have no idea who any of the guys I voted fo...
by SimplepathtoBogle
Thu Aug 24, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones, American Funds, Fiduciary Rule changes
Replies: 31
Views: 3076

Re: Edward Jones, American Funds, Fiduciary Rule changes

Polywog, You are not alone. I just went through the same situation with a financial manager (not EJ), but similar American fund with high fees and loads. I think you are lucky they brought this up, because mine didn't. This is your way out. I transferred my shares in kind, but I think you have recei...
by SimplepathtoBogle
Tue Aug 22, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: 12 Things Not to Do if You Win the Lottery
Replies: 9
Views: 1952

Re: 12 Things Not to Do if You Win the Lottery

abner kravitz wrote: ↑
Tue Aug 22, 2017 2:39 pm
As I am pretty sure I will be winning tomorrow's Powerball, this list is very helpful. Thanks!
Sorry, the teller who sold me my ticket assured me I was the winner. Does this already break one of the rules by bragging about my windfall?
by SimplepathtoBogle
Mon Aug 21, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Paperwork
Replies: 9
Views: 976

Re: Vanguard Paperwork

I had to do some physical paperwork to complete a rollover in the last month with Vanguard, but I don't think that would have been required to open a new account and complete an online transfer, but only for the rollover. I set up a brokerage account and 2 new tIRA's for my wife and I and it was all...
by SimplepathtoBogle
Fri Aug 18, 2017 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: Active or Indexed for Optimal Risk Management
Replies: 16
Views: 1040

Re: Active or Indexed for Optimal Risk Management

I really appreciate this thread and posting the letters and communications. It is good to be able to consider/anticipate the sales pitch being used so it can be evaluated and criticized/checked. It is tough trying to respond from a position of weakness to well formulated sales pitches.
by SimplepathtoBogle
Fri Aug 18, 2017 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know how much your portfolio lost/gain in one day?
Replies: 31
Views: 1644

Re: How do you know how much your portfolio lost/gain in one day?

Morningstar and personal capital. Personal capital does it automatically. Morningstar requires you to do a little more work inputting when/what you bought, price, and number of shares. It updates automatically from there. Personal capital is pretty cool. It runs your fees and lists the dollar amount...
by SimplepathtoBogle
Fri Aug 18, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 16234

Re: Lost $7000 today in ONE DAY!

I have paid more attention than many on here because I have been moving my accounts from a financial advisor and setting up my allocation at vanguard. It is the first time I have ever really watched or cared much about the market. It has been a good exercise because my conclusions have been more str...
by SimplepathtoBogle
Thu Aug 17, 2017 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Grade My Work in Progress
Replies: 8
Views: 987

Re: Grade My Work in Progress

Thanks. My employee status may change over time and that's something I'll look into. I have several office partners who I do various parts of business with and we are all set up separately with different employees. We've discussed joining the group and putting the employees under one entity but most...
by SimplepathtoBogle
Thu Aug 17, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Left Financial Planner - New Baby - Looking for advice
Replies: 11
Views: 943

Re: Left Financial Planner - New Baby - Looking for advice

I am dealing with my universal life policy now. You wised up sooner than I did. Get out now. I am still trying to figure out what to do with mine as I'm 100,000 in and it's worth 76,000. If it makes you feel better, i also bought whole life on my kids as a college plan. I just locked in my 5 year $2...
by SimplepathtoBogle
Thu Aug 17, 2017 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Vanguard Transfer
Replies: 6
Views: 820

Re: Edward Jones to Vanguard Transfer

I just transferred a fairly large amount of an American fund from somewhere (probably) comparable to EJ. Mine was AMPCX but I would think the same might apply to your funds. 1) it took me a month to roll over an IRA. This was an in kind transfer and was much longer than I expected. I was ready to ge...
by SimplepathtoBogle
Wed Aug 16, 2017 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Grade My Work in Progress
Replies: 8
Views: 987

Re: Grade My Work in Progress

I do have employees and I have to match the same percentage of my contribution. I didn't have employees when I set that up originally. I can contrinute $53,000 a year pre-tax to the SEP. thanks for the idea on the 401k. It is probably worth looking into if it allows similar contributions.
by SimplepathtoBogle
Wed Aug 16, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Grade My Work in Progress
Replies: 8
Views: 987

Re: Grade My Work in Progress

One other question: On the suggestion to just go with VTSAX, do you think I should do that going forward or try to re-do what is in the VIGAX and VSGAX and put it into VTSAX now?
by SimplepathtoBogle
Wed Aug 16, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Grade My Work in Progress
Replies: 8
Views: 987

Re: Grade My Work in Progress

Thanks for the response. To answer a few of your questions. Yes, my conclusion was the insurance policy was a bad idea. It will take some time to get out of it and I am in the process of seeking term life coverage to replace the policy, which is what I believe I will do. I think the $350,000 number ...
by SimplepathtoBogle
Wed Aug 16, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Grade My Work in Progress
Replies: 8
Views: 987

Grade My Work in Progress

I am newer to this forum, but will offer a BIG thanks in advance to all of the posters on here who have helped me develop my financial strategy and knowledge, which is still very much a work in progress. I started this process around the 1st of July when I decided to listen to several audible books ...
by SimplepathtoBogle
Sat Aug 12, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10384

Re: 85/15 too aggressive at age 35?

I don't think it's too aggressive. I'm 37 and am about 90/10 goal for now. I originally considered 100/0 but ultimately decided to put 10 % or so in bonds. Honestly, the only reason I am parking 10% in bonds is to smooth the ride a little and keep more powder dry to plug in at a discount,whenever th...
by SimplepathtoBogle
Thu Aug 10, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Selling a mutual fund and purchasing new mutual funds
Replies: 9
Views: 870

Re: Selling a mutual fund and purchasing new mutual funds

As an update, the transfer finally went through. And....there was a 1% rear end load :oops: I think I lost another 1% on the value or so while I was waiting for the transfer to go through as the fund had a pretty good run up until about 2 weeks ago and then lost some ground. Overall, $3000 later, I ...
by SimplepathtoBogle
Mon Aug 07, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing (psychologically) with variable income
Replies: 15
Views: 1151

Re: Dealing (psychologically) with variable income

I am in the same situation and I am very interested in this thread. I have a variable income and it does get stressful when I have a slow month. The good news is, when you have a big month, it all feels great. I used to keep a ton of cash on hand, but I never spent it because I had the mentality tha...
by SimplepathtoBogle
Mon Aug 07, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: New physician with debt and cash
Replies: 15
Views: 1644

Re: New physician with debt and cash

I think someone beat me to the refinance idea. The rule of thumb I've seen is under 4% interest is not an emergency or ok for a longer term debt, 4-6% is something worth paying off early, but not emergency level, over 6% is hair on fire emergency and you shouldn't save or buy anything until it's pai...
by SimplepathtoBogle
Mon Aug 07, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: New physician with debt and cash
Replies: 15
Views: 1644

Re: New physician with debt and cash

Can you consolidate and/or refinance your student loans? That is a huge interest rate and a large amount of debt at those rates. I would try to refinance to a lower rate and pay it off like my hair was on fire. Don't do anything else until you have that paid off, IMO.
by SimplepathtoBogle
Sun Aug 06, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: How do I find a competent Estate Attorney?
Replies: 8
Views: 991

Re: How do I find a competent Estate Attorney?

The State bar in your state could probably point you to a place to find a list of board certified attorneys in your area, including trust and estate lawyers. This is not necessarily a local need, where you might need someone with specific local knowledge, so you could shop in a larger area if there ...
by SimplepathtoBogle
Sat Aug 05, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Dad as Investment Advisor for Kids
Replies: 51
Views: 3845

Re: Dad as Investment Advisor for Kids

Sounds like a cool opportunity to spend a little time with them and show them what you're doing and why. I wouldn't be as worried as some about the fund losing money or being blamed for it. If they hand you the keys, I don't think they can complain much if you wreck the car....assuming you don't jus...
by SimplepathtoBogle
Sat Aug 05, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best mortgage shopping for refinance
Replies: 6
Views: 568

Best mortgage shopping for refinance

I purchased a new home about a year ago. It is a 10 year fixed rate. The payment was amortised over 30 years, but I will have to renew in about 9 years. I have paid extra every month and am on pace to pay this off in about 12-15 years. I am looking for a place to shop periodically for mortgage rates...
by SimplepathtoBogle
Fri Aug 04, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Selling a mutual fund and purchasing new mutual funds
Replies: 9
Views: 870

Re: Selling a mutual fund and purchasing new mutual funds

If it were a Class A fund, it shouldn't have any cost to sell at Vanguard. I am not as sure about the C funds (1% delayed load for 1 year), but it may be true of any American fund. Anyway, you want to get rid of it, as it has a 1% 12b-1 kickback ($1000/year to your advisor/brokerage on $100k) out o...
by SimplepathtoBogle
Fri Aug 04, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my portfolio, ~$513k, I can make changes now. Complete beginner!
Replies: 23
Views: 3984

Re: Please review my portfolio, ~$513k, I can make changes now. Complete beginner!

POGRX has a higher fee than the index funds, but you can't be too disappointed in the 30%+ you've seen over the last year. I have no suggestions on your portfolio other than congrats on your savings. I'm trying to get my investments organized and you seem to have a good handle on things. I noticed t...
by SimplepathtoBogle
Fri Aug 04, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Selling a mutual fund and purchasing new mutual funds
Replies: 9
Views: 870

Selling a mutual fund and purchasing new mutual funds

I'm in the process of rolling my SEP IRA over to Vanguard and will be investing in mutual funds at Vanguard. The rollover will be in kind and is being processed. I am not sure if this process usually takes as long as it has, but it's going on a few weeks now. When the transfer gets to Vanguard, I in...
by SimplepathtoBogle
Mon Jul 31, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: 1035 Annuity Exchange
Replies: 9
Views: 520

Re: 1035 Annuity Exchange

Thanks for the comments. I think you confirmed what I thought and what I initially planned on doing with my daughter's policy....just taking my lumps and moving on. It sounds like it probably makes sense to consider the 1035 exchange option for the larger policy. I need to secure term life first and...
by SimplepathtoBogle
Mon Jul 31, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: 1035 Annuity Exchange
Replies: 9
Views: 520

Re: 1035 Annuity Exchange

Sorry, any subsequent annuity will enjoy the same benefits (except life insurance but possibly a death benefit) as the cashvalue LI. This includes ordinary tax at marginal rates (could be zero rate) and 10% penalty for pre-59.5yo use. Alternative #C, use the cash balance to buy "paid-up insurance" ...
by SimplepathtoBogle
Mon Jul 31, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: 1035 Annuity Exchange
Replies: 9
Views: 520

Re: 1035 Annuity Exchange

It is my thought process based on my research on this issue. My other policy has ~96,000 paid in and a ~72,000 cash value with a 1,500,000 death benefit. I am a solo practice attorney and my wife works at home with my kids. I am the only income and I need life insurance. I am pretty convinced that I...
by SimplepathtoBogle
Mon Jul 31, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: 1035 Annuity Exchange
Replies: 9
Views: 520

1035 Annuity Exchange

I have read on these forums and white coat investor about a 1035 annuity exchange that might allow me to get out of a variable life policy where the cash value is less than the amount I've paid for the product. A brief summary of where I am and I'd appreciate any advice on how to get out of it. I bo...
by SimplepathtoBogle
Thu Jul 27, 2017 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 6
Views: 1043

Re: Retirement Advice

Check out the mad fientist website. It has some pretty cool tools for calculating what you can live on without exhausting your portfolio in retirement. I think most use the general rule of 4% withdrawal rate based on a study done that showed a 4% withdrawal rate survived 30 years. The mad fientist e...
by SimplepathtoBogle
Thu Jul 27, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 133
Views: 9427

Re: What advice to give 21 year old?

I think you have given him great advice. I would also have him read Jim Collins book The Simple Path to Wealth. This book started as a letter to Jim's own 21 year old daughter and how he wanted to teach her about investing. I would also have him read one of Warren Buffett's annual letters (sorry I ...
by SimplepathtoBogle
Wed Jul 26, 2017 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: The argument for international funds?
Replies: 12
Views: 874

Re: The argument for international funds?

Thank you for the responses and the links, I read some already and will read all of them. I am certainly in this to learn as much as I can. I was starting to feel like I had everything dialed in and then I would read more that made me feel like I don't know nuthin. I think both may be true to some e...
by SimplepathtoBogle
Wed Jul 26, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: The argument for international funds?
Replies: 12
Views: 874

The argument for international funds?

Just getting started handling investments on my own. I've read many articles on this and other research and have heard the range of opinions all over the board. From a 50/50 international AA to an opinion that international markets are adequately covered in a total market index fund, such as VTSAX (...
by SimplepathtoBogle
Tue Jul 25, 2017 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Question - Universal Life policy treatment
Replies: 4
Views: 380

Re: Newbie Question - Universal Life policy treatment

Thanks for the reply. I think your comment on the emergency fund helps me clarify my concern on that issue. I generally keep enough of a cash cushion to pay for an expense like a furnace (more likely an air conditioner where I live). My income fluctuates from month to month so I have gotten in the h...
by SimplepathtoBogle
Tue Jul 25, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Question - Universal Life policy treatment
Replies: 4
Views: 380

Re: Newbie Question - Universal Life policy treatment

I forgot to include one new account in the asset group, I also have a taxable brokerage account in vanguard $10,000 VTSAX
by SimplepathtoBogle
Tue Jul 25, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Question - Universal Life policy treatment
Replies: 4
Views: 380

Newbie Question - Universal Life policy treatment

I am a newbie here and to managing investments myself, but am thrilled to have found this forum through JL Collins website. I read JL Collins, A Simple Path to Wealth and loved the ideas and if Bogle is one of his heroes (as he says), that says a lot. I stumbled onto this while I was trying to under...