Search found 58 matches

by TX_Man
Sat Apr 22, 2017 8:14 am
Forum: Investing - Theory, News & General
Topic: Single most important investing advice?
Replies: 59
Views: 3445

Re: Single most important investing advice?

Savings rate is the core foundation of building wealth. Rate of return, fees, taxes, pre-tax vs Roth contributions, and asset allocation are all important to understand in order to maximize the effectiveness of what has been saved. The savings has to come first.
by TX_Man
Sat Apr 22, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Should some professions tell people how much they make?
Replies: 30
Views: 2987

Re: Should some professions tell people how much they make?

So you are saying that my appearance is causing them to not trust my credentials? Wow, so basically young, short, cute guys are screwed out of every consulting job? I think I would have to be age 40+ to start looking "old," "experienced," and "credentialed." I might as...
by TX_Man
Fri Apr 21, 2017 7:09 pm
Forum: Investing - Theory, News & General
Topic: Schwab Target Index Funds Investor Shares drop (.08%)
Replies: 20
Views: 1328

Re: Schwab Target Index Funds Investor Shares drop (.08%)

Do you know when this goes into effect? The Schwab website still has the 0.13% ER. It looks as though the minimum investment for the institutional shares, which has been .08 all along, dropped its minimum initial investment to $100. That is what I am seeing on schwab.com. There is a thread on reddi...
by TX_Man
Fri Apr 21, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1703

Re: SP500, Russel 2000 and mid caps?

retiredjg wrote:Tx-Man, it might be helpful to know what you are asking the question. What are you trying to accomplish?


I'm just trying to learn more. I have no current goal in reallocation or anything.
by TX_Man
Fri Apr 21, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: Schwab Target Index Funds Investor Shares drop (.08%)
Replies: 20
Views: 1328

Re: Schwab Target Index Funds Investor Shares drop (.08%)

Is schwab owned by it's investors? How do they make up for these low costs? Although Schwab has some great low cost funds there are not nearly as many options as Vanguard. However all the basics are there (SP500 index, Russel 2000 index, International index, etc). My guess would be it is made up wi...
by TX_Man
Fri Apr 21, 2017 11:43 am
Forum: Investing - Theory, News & General
Topic: Schwab Target Index Funds Investor Shares drop (.08%)
Replies: 20
Views: 1328

Re: Schwab Target Index Funds Investor Shares drop (.08%)

I use these funds in my IRA. 0.08% is amazingly low.
by TX_Man
Fri Apr 21, 2017 5:24 am
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1703

Re: SP500, Russel 2000 and mid caps?

The OP asked if the SP500 + R2000 was a substitute for the total market index, and I asked for clarification of why those two indices were being considered. It is not a bad thing to hold them together or just to hold the SP500, but not necessarily optimal either. The R2000 has been the index most s...
by TX_Man
Thu Apr 20, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1703

Re: SP500, Russel 2000 and mid caps?

This forum is awesome. Everyone is able to get access to the information needed for answers so quickly and with hyperlinks! Thanks!
by TX_Man
Thu Apr 20, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: SP500, Russel 2000 and mid caps?
Replies: 24
Views: 1703

SP500, Russel 2000 and mid caps?

If someone wasn't going to use a total market fund, how much of the market would they cover with a SP500 index and Russel 2000 index fund? Would a rather large portion of mid caps be cut out of the mix, or would only a trivially small percentage be left out?
by TX_Man
Wed Apr 19, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Armageddon Insurance - how to spend $100k
Replies: 29
Views: 2371

Re: Financial Armageddon Insurance - how to spend $100k

After Katrina it became clear individuals and families need a plan. Just a few days without modern luxuries and it was causing death. 1. Stored water rotated on a regular basis 2. Enough food for a few days 3. Protection 4. All your critical documentation and necessities in safe but easily accessibl...
by TX_Man
Tue Apr 18, 2017 5:18 am
Forum: Personal Consumer Issues
Topic: How to be a good parent to an introverted kid
Replies: 29
Views: 2368

Re: How to be a good parent to an introverted kid

I was the introverted older brother; you're post could have been about me. My parents tried to force me to be extroverted and it was miserable and I deeply resented it. It is exhausting and very stressful to be forced into social situations if one is introverted. FYI I'm not a parent.
by TX_Man
Mon Apr 17, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Leaving Edward Jones...where to start?
Replies: 4
Views: 588

Re: Leaving Edward Jones...where to start?

Another defector! I left Edward Jones myself (my parents suggested it to me when I was just starting). Transferring assets "in kind" means they get moved from company to company as is. Meaning mutual fund XYZ gets moved from Edward Jones to Vanguard without selling it, meaning no dealing w...
by TX_Man
Mon Apr 17, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab ETF Portfolio
Replies: 8
Views: 549

Re: Schwab ETF Portfolio

SCHC - Int'l Small Cap Market 1.5%
SCHE - Int'l Large Cap Market 10.5%
SCHF - Int'l Emerging Markets 3%


According to Schwabs website SCHE is Int'l emerging market and SCHF is a Int'l large cap. Looks like it may have been flipped around. 10.5% in SCHE and 3% in SCHF would be pretty aggressive!
by TX_Man
Mon Apr 17, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Age when you started to max out your retirement accounts?
Replies: 177
Views: 24090

Re: Age when you started to max out your retirement accounts?

I've only maxed out my Roth once. The goal is to keep going with that over maxing out my workplace retirement due to the fund choices
by TX_Man
Mon Apr 17, 2017 6:06 am
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 119
Views: 5720

Re: Is there any reason a buy-and-hold investor would buy gold?

I don't think that in history of mankind there were people who lost money by holding gold. Some lost life..My grandfather was buying gold (mind you it was illegal in Soviet Union). My father had faith in government bonds. Soviet of course...Well, after Soviet Union collapsed all government bonds wh...
by TX_Man
Sun Apr 16, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4417

Re: Investors backing off their equity AA primarily due to 8-year bull market?

I don't even try to guess what the markets and financial world is going to do. When I learned that some nations have negative coupons on bonds I decided it was beyond my realm of understanding. Same goes with the equity markets
by TX_Man
Sun Apr 16, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 2
Views: 254

Re: Portfolio help

Thanks for the response. The 70/25/5 allocation I would be looking at would include 5% gold. Thanks for the info on REITs I didn't realize that about their dividends.
by TX_Man
Sun Apr 16, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 2
Views: 254

Portfolio help

I've been saving up a significant amount of money to add to my portfolio. I'm 31 and my taxable account (the one in question, retirement is not being altered) is 60/30/5 (gold)/5 (cash) split. The amount of cash I'm adding will basically double the amount of cash available I have to work with. I use...
by TX_Man
Sat Apr 15, 2017 6:23 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 119
Views: 5720

Re: Is there any reason a buy-and-hold investor would buy gold?

My portfolio is 5% precious metals. I like the added diversity.
by TX_Man
Sat Apr 15, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10508

Re: My kids don't care about saving

In my early-mid 20s I didn't care about saving. As I aged into my late 20s I saw how important it was. Now in my early 30s I am a machine when it comes to saving. Save in retirement accounts, taxable accounts, save cash I do it all baby! It is a mindset change. Something has to occur that is intelle...
by TX_Man
Sat Apr 15, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA savings gap
Replies: 4
Views: 330

Re: Roth IRA savings gap

Part of me just wants to open a new savings account and put money there until Jan. 1 2018, but I know I can do better. Maybe this is a time to use CDs?

Edit: Typo
by TX_Man
Sat Apr 15, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA savings gap
Replies: 4
Views: 330

Re: Roth IRA savings gap

I use the Schwab target date index funds. I have a taxable account already. Should I be concerned about capital gains since it is such a short time frame. It may be such a small amount of growth the concern might be minuscule
by TX_Man
Sat Apr 15, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA savings gap
Replies: 4
Views: 330

Roth IRA savings gap

Like many here I try to save up to contribute as much to my Roth IRA at the beginning of the year as possible. What am I suppose to do with the gap between when I max out my Roth IRA and Jan. 1 of the following year? Should I invest in a taxable account then move it to the Roth or just save in a reg...
by TX_Man
Fri Apr 14, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Starting my retirement savings- Where to go? Suggestions Welcome.
Replies: 15
Views: 1083

Re: Starting my retirement savings- Where to go? Suggestions Welcome.

I don't think anyone here is going to give Edward Jones a recommendation. The big three for low cost investments are Vanguard, Fidelity and Charles Schwab. All have inexpensive target date funds if you want to set all the money in a single fund and forget about it. Vanguard appears has a wider varie...
by TX_Man
Fri Apr 14, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: TIAA Robo now live
Replies: 11
Views: 1035

Re: TIAA Robo now live

How does this differ from their overly pricey target date funds? In the same way Vanguard and Schwab's robo-offering differs from their overly pricey target date funds. The VG target date funds are .15%, which I would not describe as expensive. The TIAA funds run about .68%. How does this differ fr...
by TX_Man
Fri Apr 14, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: TIAA Robo now live
Replies: 11
Views: 1035

Re: TIAA Robo now live

AlohaJoe wrote:
columbia wrote:How does this differ from their overly pricey target date funds?


In the same way Vanguard and Schwab's robo-offering differs from their overly pricey target date funds.


0.13% and 0.08% net expense are overly priced?
by TX_Man
Thu Apr 13, 2017 9:08 pm
Forum: Investing - Theory, News & General
Topic: TIAA Robo now live
Replies: 11
Views: 1035

Re: TIAA Robo now live

Just checked out the site, and if you put in that you are retired you don't get a retirement portfolio, just options for saving for emergency fund or a big purchase. If I put in for a purchase in 3 years, it gives me a 60/40 portfolio. Same one I get if I choose not retired. A 60/40 portfolio for 3...
by TX_Man
Wed Apr 12, 2017 6:28 pm
Forum: Investing - Theory, News & General
Topic: Wall Street Rout: Indexes Beat Stockpickers 92% of the Time
Replies: 1
Views: 699

Re: Wall Street Rout: Indexes Beat Stockpickers 92% of the Time

That's even worse than the oft-cited stat that 80% of mutual funds underperform the market.
by TX_Man
Tue Apr 11, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Extreme Frugality vs Living Life - Where do you draw the line?
Replies: 77
Views: 8253

Re: Extreme Frugality vs Living Life - Where do you draw the line?

One thing that extreme frugality taught me was my limits. If the economy ever gets terrible or other worse case scenarios occur, e.g. Health issues, I will not feel like I am sacrificing by cutting back.
by TX_Man
Mon Apr 10, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: Death of retail/malls to affect REITs?
Replies: 69
Views: 6280

Re: Death of retail/malls to affect REITs?

I've lived in Dallas and Houston. It seems like there are these relatively high priced mixed residential/commercial developments popping up all over the place. High priced luxury apartments with nearby commercial developments. I'd guess these developments probably help.
by TX_Man
Mon Apr 10, 2017 5:11 am
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4864

Re: Choosing to put less than 20% down...why is this wrong?

Less than 20% means you're paying PMI. When you're paying PMI, that is money going out the door in lieu of being used to a financial advantage. Think of the many things a monthly PMI payment could be used for if there was no PMI payment (regular contribution to taxable account, retirement account, ...
by TX_Man
Sun Apr 09, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Choosing to put less than 20% down...why is this wrong?
Replies: 51
Views: 4864

Re: Choosing to put less than 20% down...why is this wrong?

Less than 20% means you're paying PMI. When you're paying PMI, that is money going out the door in lieu of being used to a financial advantage. Think of the many things a monthly PMI payment could be used for if there was no PMI payment (regular contribution to taxable account, retirement account, u...
by TX_Man
Sat Apr 08, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: 33 yr old Fed wants to be a boglehead
Replies: 23
Views: 2305

Re: 33 yr old Fed wants to be a boglehead

Curiously, why so much precious metal? $15,000/($42,000+$15,000+$4,000) = ~24.5%. You also got the pension so the percentage is actually lower.
by TX_Man
Tue Apr 04, 2017 4:49 am
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 144
Views: 13071

Re: Social Security for Millennials

Social Security will be considered a "bonus" should it still exist when I am retired. My goal is to ensure my accounts are sufficient for retirement independent of social security. In short, hope for the best and plan for the worst.
by TX_Man
Sun Apr 02, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone decreasing % of bonds this year?
Replies: 91
Views: 6868

Re: Is anyone decreasing % of bonds this year?

Yes I will likely decrease bonds, but that's because my portfolio is more conservative than many here, especially for my age ~30% bonds and ~5% cash. Bonds will likely be reduced by 5% but I am not sure where I want it to go to.
by TX_Man
Sat Apr 01, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 2938

Re: Schwab offering .03% ER

Hum, what if Person A has $1,000,000 over 30 year timeline ? Person A will either skip Latte or Buy Mac Coffee vs StarBucks vs Person B b/c Person A simply has that behavior of choosing .03 vs .04... I agree completely, maxing out both cost-effectiveness and savings rate provides the best results. ...
by TX_Man
Fri Mar 31, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: anyone factor in future inheritance?
Replies: 78
Views: 4713

Re: anyone factor in future inheritance?

My family is so bad with money I am factoring in a negative inheritance. There will be people asking me for money in the next 10 or so years
by TX_Man
Fri Mar 31, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 2938

Re: Schwab reduces index mutual fund ER and trade commission

As of tonight, Schwab is offering Institutional to Individual Investors...what a great news, just bought this in my taxable...cheaper the Vanguard Admiral shares with 10x better customer service with local presense... SWYHX Schwab Target 2045 Index Fund Institutional Shares 0.08 Whoa! It seems like...
by TX_Man
Fri Mar 31, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10216

Re: Saving 50% of salary; what does it really mean?

When I talk about saving percentages I talk about percent of gross income. I consider taking a percentage of take-home pay or after-tax pay cheating :P. I figure if I do this I will get myself to save more.
by TX_Man
Fri Mar 31, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 2938

Re: Schwab offering .03% ER

Person A: 0.03% SP500 index fund with a $10,000 investment
Person B: 0.04% SP500 index fund with a $10,000 investment

Person A saves $1.

Person B skips a single latte in April and deposits the $4 in his fund and is now ahead of Person A.
by TX_Man
Fri Mar 31, 2017 5:30 am
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 2938

Re: Schwab reduces index mutual fund ER and trade commission

As of tonight, Schwab is offering Institutional to Individual Investors...what a great news, just bought this in my taxable...cheaper the Vanguard Admiral shares with 10x better customer service with local presense... SWYHX Schwab Target 2045 Index Fund Institutional Shares 0.08 Whoa! It seems like...
by TX_Man
Tue Mar 28, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: an in depth look at gold
Replies: 91
Views: 6032

Re: an in depth look at gold

How would gold work in portfolios denominated in US dollars (probably most of us on the forum) if the dollar were to become the number two world reserve currency (think of when the US dollar dethroned the British Pound) Has anyone seen portfolios of investments denominated in British pounds which in...
by TX_Man
Tue Mar 28, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1436
Views: 207186

Re: What's Your Credit Card Rewards Strategy?

Avoid as much credit card debt as possible. Budget so I use as little debt as possible. Additional funds go into the taxable account. Reward dollars are used to pay something amazingly trivial, e.g. Internet bill.
by TX_Man
Sun Mar 26, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Girlfriend
Replies: 86
Views: 7115

Re: Massive Student Loan Debt - Girlfriend

It is a valid problem. Marriage is wished to be a lifelong commitment and finances is a major cause of divorce. How many years is she into the loan forgiveness program? Does she have loose/frivilous spending habits (credit card debt, excessive car debt, etc) or does she plan her monthly in a decent ...
by TX_Man
Wed Mar 22, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: Schwab vs Vanguard vs Fidelity - ER fees
Replies: 18
Views: 1760

Re: Schwab vs Vanguard vs Fidelity - ER fees

We are in the era of ultra-low fees. Is the next move Fidelity dropping their fees to 0.005% below Schwab? Then Vanguard besting them both? With ERs this low savings rate is going to matter more than a 0.005% or 0.01% difference in the fund fees. Squeezing an additional $5 a month out of my budget t...
by TX_Man
Mon Mar 13, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-4 Fund Portfolio
Replies: 8
Views: 1367

Re: Schwab 3-4 Fund Portfolio

Hello All, As others have recently mentioned, Schwab has lowered the ERs on their index funds and I am now considering them, instead of Schwab's ETFs. I am sure this has been answered previously, but is the following the traditional Schwab 3-fund portfolio for index funds: - Schwab Total Stock Mark...
by TX_Man
Sat Feb 25, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: Does anyone own gold?
Replies: 114
Views: 8978

Re: Does anyone own gold?

Yes, a small amount of both physical and ETF. Yes gold is volatile, so are stocks. Gold doesn't pay dividends? Neither does Berkshire Hathaway stock (and Buffet doesn't like gold). Diversity is a central axiom of modern day investing. So why not add a small amount of gold to make my portfolio even m...
by TX_Man
Sun Feb 19, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: Valuation does not matter (may be)
Replies: 55
Views: 4025

Re: Valuation does not matter (may be)

Has any investment research group taken into account the dramatic increase of base currency from 2008? Would that render previous valuation calculations moot?
by TX_Man
Sun Feb 12, 2017 8:28 pm
Forum: Investing - Theory, News & General
Topic: Schwab lowers fees. Lowest out there?
Replies: 8
Views: 1033

Re: Schwab lowers fees. Lowest out there?

At this point it almost seems that fees are almost moot and it is more financially wise to simply plow more money into the fund. A $2 savings could easily be overcome by skipping Starbucks once in the year and investing that $4 into the fund.

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