Search found 6059 matches

by TomatoTomahto
Tue Jul 25, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance at age 24
Replies: 12
Views: 874

Re: Investing Inheritance at age 24

Welcome! You are not going to lose it, instead you are going to set upon a voyage to improve your immediate and future financial picture. Take $5,000 and set it aside in an FDIC insured savings account to solidify your emergency fund. Next, if you have not yet contributed to your 2017 roth ira, dep...
by TomatoTomahto
Mon Jul 24, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Cutting the cable - Internet speed requirements
Replies: 12
Views: 649

Re: Cutting the cable - Internet speed requirements

Somebody upstream mentioned UHD, and 25 Mbps per tv. If you don't have UHD set now, you will soon enough.

I use www.fast.com, which will reflect Netflix service to your receiver.
by TomatoTomahto
Mon Jul 24, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: $1m Windfall, Invest in a Taxable Account?
Replies: 8
Views: 1375

Re: $1m Windfall, Invest in a Taxable Account?

[snip...]Yes, this is a Trust for my benefit, with a Trustee responsible for prudently investing on my behalf. [snip...] P.s. I have no experience investing. Only want passive investing using a simple, diversified, tax efficient portfolio. I am single, not married. Investment income will be subject...
by TomatoTomahto
Mon Jul 24, 2017 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Rich kid want to transfer stock to parents, good or bad idea ?
Replies: 17
Views: 2062

Re: Rich kid want to transfer stock to parents, good or bad idea ?

You have raised him well, and he must be delighted to be in a position to help you in return. Good for all of you.

Just be sure that your other child doesn't feel less "good" or pressured.
by TomatoTomahto
Mon Jul 24, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: $1m Windfall, Invest in a Taxable Account?
Replies: 8
Views: 1375

Re: $1m Windfall, Invest in a Taxable Account?

[snip...]Yes, this is a Trust for my benefit, with a Trustee responsible for prudently investing on my behalf. [snip...] P.s. I have no experience investing. Only want passive investing using a simple, diversified, tax efficient portfolio. I am single, not married. Investment income will be subject...
by TomatoTomahto
Mon Jul 24, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 101
Views: 4806

Re: Is Amazon Prime worth it?

So far this year, not a Amazon heavy year, my 5% has given me $190 in balance offsets. For a year, that's around $350 (and, I think a more typical year would be $500).
by TomatoTomahto
Mon Jul 24, 2017 5:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 138
Views: 13238

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

... and it is very likely that there is an upgrade button on a Vanguard Mutual Funds "account". I haven't seen it, and I logged in today specifically to find it. I did not see one, neithe on my iPad Vanguard app nor on my Web login. I'm not saying it's not there, but I can't find it. Can ...
by TomatoTomahto
Mon Jul 24, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 138
Views: 13238

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

... and it is very likely that there is an upgrade button on a Vanguard Mutual Funds "account". I haven't seen it, and I logged in today specifically to find it. I did not see one, neithe on my iPad Vanguard app nor on my Web login. I'm not saying it's not there, but I can't find it. Can ...
by TomatoTomahto
Mon Jul 24, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 138
Views: 13238

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

I think what they're doing is far from the Wells Fargo fiasco and I sympathize with what they're trying to do and why many folks are resistant (myself included). From an investor point of view, many are content with just the mutual funds and don't need the complexity of the brokerage. Meanwhile, Va...
by TomatoTomahto
Mon Jul 24, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 100
Views: 5137

Re: What advice to give 21 year old?

From seeing the success of our son, and the failure of our careers; Networking and building good relationships, early on, is more important than The job and Any financial strategies. I see that just with DW and me. I was technically skilled, friendly and collegial, not socially awkward, but somethi...
by TomatoTomahto
Sun Jul 23, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 101
Views: 4806

Re: Is Amazon Prime worth it?

Bosch was the best! If you haven't watch "The Americans" on Prime, do so. TV doesn't get any better than that. Love my free Kindle books each month, too. LynnC I think I only included Amazon Original programming, but I love "The Americans," "Fargo," Better Call Saul,&q...
by TomatoTomahto
Sun Jul 23, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: What advice to give 21 year old?
Replies: 100
Views: 5137

Re: What advice to give 21 year old?

itstoomuch wrote:Is it possible that he is just trying to "butter you up" :annoyed :oops:
I think ours does.

Haha, yeah maybe just a little bit, but I don't think very much. :D
by TomatoTomahto
Sun Jul 23, 2017 12:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard upgraded my accounts - angry [Brokerage Services]
Replies: 138
Views: 13238

Re: Vanguard upgraded my accounts - angry [Brokerage Services]

...instead of waiting until Vanguard does it automatically. They can't do it automatically. You can't just open brokerage accounts for people w/o their consent. But IIRC they don't give you an option of not converting. I did it manually ASAP but my parents waited until Vanguard was effectively forc...
by TomatoTomahto
Sun Jul 23, 2017 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Should I change my cost basis on my vanguard funds?
Replies: 6
Views: 402

Re: Should I change my cost basis on my vanguard funds?

I feel like the person coming in and asking if I can help, after all the dinner dishes were cleared and washed, leftovers put in the fridge, etc. OP, I agree with both answers. I'm very lazy (hence my post-dinner timing), but using Spec-ID is so much more preferable to the lazy FIFO or average cost ...
by TomatoTomahto
Sun Jul 23, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 101
Views: 4806

Re: Is Amazon Prime worth it?

I've found that when it works, it's a fair trade for price vs convenience but increasingly it doesn't work. I've constantly gotten wrong items, knockoff items, items significantly not as described (example: order 3 foot HDMI cables and get 18 inch), and late shipping. One big problem they have is t...
by TomatoTomahto
Sun Jul 23, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 101
Views: 4806

Re: Is Amazon Prime worth it?

The Amazon Prime credit card is very useful, and makes Amazon cost effective. I can't speak to the Amazon Video movies, since we prefer watching series. Some Amazon video that we have enjoyed include: Sneaky Pete Good Girls Revolt (much better than the title would suggest, unfortunately not renewed)...
by TomatoTomahto
Sun Jul 23, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Re: Medical malpractice attorney - how to find?

bottlecap wrote:I sent a you a PM.

Yes, thanks, I replied :D
by TomatoTomahto
Sun Jul 23, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Re: Medical malpractice attorney - how to find?

Here's a decent primer http://medical-malpractice.lawyers.com/medical-malpractice-selecting-a-good-lawyer.html There is a bell curve distribution of competency across all jobs. Trust me, I'm a Doctor (lol). Thank you! I will try to get recommendations tomorrow, but this is a link that I can send to...
by TomatoTomahto
Sun Jul 23, 2017 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Re: Medical malpractice attorney - how to find?

Does your friend need money for something? Because suing someone doesn't bring back whatever was lost. It just provides money. I understand that this is a fraught topic. You were helpful to an extent, but the above quote is both condescending and callous. A young man has had his future dramatically...
by TomatoTomahto
Sun Jul 23, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Re: Medical malpractice attorney - how to find?

The consensus seems to be ask a trusted attorney. Apparently, no national or local organizations work as well. I don't have a large network of them, but there are a few at my gym and I will ask tomorrow. Thank you to the posters who answered my question directly and helpfully. I very much appreciate...
by TomatoTomahto
Sat Jul 22, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Re: Medical malpractice attorney - how to find?

I usually don't start a thread unless I'm going to be able to read and respond. I was surprised today to be unable to do anything more than give a quick glance at the responses. I apologize, because the time you spent drafting a reply deserves a thoughtful reading, and I will circle back tomorrow. I...
by TomatoTomahto
Sat Jul 22, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Medical malpractice attorney - how to find?
Replies: 29
Views: 1963

Medical malpractice attorney - how to find?

I know that there are many practicing physicians on BH, and I know that malpractice attorneys are probably not your favorite people. There are also many attorneys on BH, but I don't recall anyone specializing in medical malpractice. A relative asked me for help finding a malpractice attorney. He spe...
by TomatoTomahto
Fri Jul 21, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 53
Views: 2205

Re: Commuters (that drive), what do you listen to?

I like Bloomberg Surveillance in the morning. It's usually macro, and almost never has fund managers talking their book.
by TomatoTomahto
Fri Jul 21, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 3461

Re: Keurig vs coffeemaker - and the Keurig won

I bask in my laziness! 8-) But I still use a drip coffee maker (Moccamaster). I'm unabashedly lazy, but you and I both love the Moccamaster. I previously used a coffee maker with a timer (Remington iCoffee), and while it's nice to come downstairs to an already made pot, I decided that coffee ground...
by TomatoTomahto
Fri Jul 21, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 2835

Re: Windfall: Buy or wait?

If you can't lose it, don't invest it. If you are concerned about the magnitude of loss, DCA or invest 50/50 in stocks and bonds. If you hold off because stocks are at highs, you are obviously timing the market. The efficacy of that has been well discussed here and elsewhere. But no one can say wit...
by TomatoTomahto
Fri Jul 21, 2017 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college for a family member
Replies: 10
Views: 489

Re: Saving for college for a family member

First, good for you being a good uncle and sibling! :D I would not stress over the FAFSA implications of a 529 that you have with your niece as the beneficiary. The amounts we're talking about are likely to be low, and, no slight intended, it's really the thought that counts here. Let the money grow...
by TomatoTomahto
Fri Jul 21, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Is there any reason not to? [4% Checking]
Replies: 32
Views: 3177

Re: Is there any reason not to? [4% Checking]

I would find the requirements to waive the $10 monthly fee a PITA, as would having a direct deposit there. But, if that's not a problem for you, go for it!
by TomatoTomahto
Fri Jul 21, 2017 5:12 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 1951

Re: Designed an aggressive 20 year portfolio. Thoughts?

My second big question is, how much do you manage your portfolio? Very little. Do you adjust seasonally or by other factors? I'm not sure that I understand what you mean by adjust seasonally. How do you know how to counteract certain forces? Now I'm really not sure what you mean. "Counteract c...
by TomatoTomahto
Thu Jul 20, 2017 5:57 pm
Forum: Personal Consumer Issues
Topic: Pre-pay four year tuition?
Replies: 14
Views: 1481

Re: Pre-pay four year tuition?

Btw, congrats to your student. :D
by TomatoTomahto
Thu Jul 20, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Pre-pay four year tuition?
Replies: 14
Views: 1481

Re: Pre-pay four year tuition?

Does it work if your child takes a semester/year abroad or off? HYPMS are known for getting kids out the door in 4 academic years (none of the 5-6 year degree for them :D ), so it sounds like a good idea.
by TomatoTomahto
Thu Jul 20, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please explain Capital Gains tax after retirement
Replies: 49
Views: 4040

Re: Please explain Capital Gains tax after retirement

You should fill out a tax form. It is never too late to understand how taxes actually work. I gave up on filling out my own taxes many years ago due to complexity, time needed and the ability of having it done for free. Irrespective of the snarky comments, I gather the answer is; "LTCGs are co...
by TomatoTomahto
Thu Jul 20, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: SAT scores - whats the point??
Replies: 37
Views: 1739

Re: SAT scores - whats the point??

Ponyboy, just curious. Are you in part of the college application process?

What's your theory as to why colleges just don't auction off seats?
by TomatoTomahto
Thu Jul 20, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 3461

Re: Keurig vs coffeemaker - and the Keurig won

As lazy as I am, I think push button engine starting in cars is comical; when I can't turn a key in the ignition, that's a signal to my loved ones to pull the plug. It's not always about convenience. Start buttons are part of sports car heritage. My S2000 had a start button but you still had to ins...
by TomatoTomahto
Thu Jul 20, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 2835

Re: Windfall: Buy or wait?

would you invest a windfall differently now than say if you got one in 2013? Short answer: No. Longer Answer: if I were an anxious type, given to regrets, I would DCA over the space of a year or so. You're the person soon to be getting $4M, right? I'd feel worse being out of the market for an appre...
by TomatoTomahto
Thu Jul 20, 2017 6:29 am
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 3461

Re: Keurig vs coffeemaker - and the Keurig won

FWIW, at least for the K-cups I bought, I DEFINITELY preferred the stronger, fuller regular drip-coffee flavor. Although I know that this is highly dependent on the K-cup you choose, and that the drip methodology is pretty similar with both Kcups and drip coffee so they should taste pretty similar....
by TomatoTomahto
Thu Jul 20, 2017 6:12 am
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 114
Views: 5112

Re: Would you let your teenager spend all his savings on a gaming computer?

As a parent I would give your son the benefit of reaping the rewards of HIS hard work for the following reasons: 1. His maturity in setting goals, working hard, saving for the computer 2. Motivation, concentration and determination to do above 3. Building the computer will provide life skills and k...
by TomatoTomahto
Wed Jul 19, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1135

Re: Backdoor Roth?

AND I just contributed the max for both her and myself into the vanguard traditional IRA's I just opened last week. That's ok. An IRA becomes "traditional" or "non-deductible" only after you file your 2017 taxes and take the deduction, or file Form 8606. You can convert to a Rot...
by TomatoTomahto
Wed Jul 19, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: anybody dabble in venture capital?
Replies: 24
Views: 1795

Re: anybody dabble in venture capital?

To be an accredited investor, a person must demonstrate an annual income of $200,000, or $300,000 for joint income, for the last two years with expectation of earning the same or higher income


Not that difficult, and quite possibly not sophisticated enough not to benefit from some protection.
by TomatoTomahto
Wed Jul 19, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Backdoor Roth?
Replies: 15
Views: 1135

Re: Backdoor Roth?

jebmke wrote:Do you have an existing Traditional IRA funded with pre-tax contributions in prior years?

... that you can't roll into an existing employer's 401k?

Read https://www.bogleheads.org/wiki/Backdoor_Roth_IRA for a start
by TomatoTomahto
Wed Jul 19, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading Boglehead's Guide to Investing
Replies: 18
Views: 1035

Re: Just finished reading Boglehead's Guide to Investing

That was the point but some are 70/30 and thinking they should be higher because of this bull market. In the very least then this type of behavior is discouraged on the forum. There are a lot of threads on appropriate asset allocations and the consensus seems to be that you should pick an asset all...
by TomatoTomahto
Wed Jul 19, 2017 3:38 pm
Forum: Investing - Help with Personal Investments
Topic: How do I contribute to a traditional IRA, literally?
Replies: 15
Views: 948

Re: How do I contribute to a traditional IRA, literally?

Does it come out of my bank account and then I get the tax reimbursed later? If the latter is true, then it seems like I am not getting all the advantages of pre-tax contributions since there is a lower amount of money in the account prior to getting a tax reimbursement. First, welcome to the forum...
by TomatoTomahto
Wed Jul 19, 2017 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading Boglehead's Guide to Investing
Replies: 18
Views: 1035

Re: Just finished reading Boglehead's Guide to Investing

...Having $10,000 in the market vs $1 million in the market makes a big difference. Being in a bear market and losing $4000 is a not as painful as losing $400,000. Perhaps, but IME, not. When I had $10k to my name, losing $4k would have been more painful than losing $400k when I still would have $6...
by TomatoTomahto
Wed Jul 19, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Buying the "three" Vanguard funds through Fidelity???
Replies: 10
Views: 822

Re: Buying the "three" Vanguard funds through Fidelity???

All the answers make sense. My Fidelity account was mainly opened to just dabble in the stock market, but since joining here I have been looking at other options. It would not be a a big deal to open a Vanguard account and I don't mind going through someone other than Fidelity. I liked Fidelity's 4...
by TomatoTomahto
Wed Jul 19, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Slow, steady AA glide path as long as stocks hit new highs?
Replies: 21
Views: 1906

Re: Slow, steady AA glide path as long as stocks hit new highs?

I had a target, and when chunks of money came in, I'd invest in whatever needed a tweaking. I think I only rebalanced with "old" money a couple of times.
by TomatoTomahto
Wed Jul 19, 2017 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Options for College Savings
Replies: 17
Views: 731

Re: Options for College Savings

The Pacific Life fund idea is terrible. Typical adviser-sold product to make lots of money for the financial adviser at the client's expense. The MA 529 plan looks great, especially with the tax break. It's run by Fidelity with lots of age-based allocation, static allocation and individual index fu...
by TomatoTomahto
Wed Jul 19, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 1951

Re: Designed an aggressive 20 year portfolio. Thoughts?

VPMAX is closed. See, that's exactly what I meant. We invest the maximum allowed into PRIMECAP every year, but I didn't recognize it by its symbol. ETA: what do you do when you have more than $100k to invest annually? Since the allocation above is putting 25% in primecap then you are posing a situa...
by TomatoTomahto
Wed Jul 19, 2017 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 1951

Re: Designed an aggressive 20 year portfolio. Thoughts?

Jags4186 wrote:VPMAX is closed.

See, that's exactly what I meant. We invest the maximum allowed into PRIMECAP every year, but I didn't recognize it by its symbol.

ETA: what do you do when you have more than $100k to invest annually?
by TomatoTomahto
Wed Jul 19, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Designed an aggressive 20 year portfolio. Thoughts?
Replies: 24
Views: 1951

Hello. Welcome to the forum! :D

You'll get more responses if you identify the funds by their names (although TSM for Total Stock Market is okay, for example). Even some posters with decades of Vanguard involvement don't remember the symbols.
by TomatoTomahto
Wed Jul 19, 2017 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Accumulated RSUs - how to sell now?
Replies: 4
Views: 448

Re: Accumulated RSUs - how to sell now?

Welcome to the forum! :D First of all a big thank you for this forum. I have learnt a great deal by reading here over the past year, even though this is my first post. My situation: I work for a US tech giant and in the past 5 years, I have sellable vested RSUs accumulated as of start of this year w...
by TomatoTomahto
Tue Jul 18, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5565

Re: Investment advice for $4 million - can I do all stocks?

letsgobobby wrote:they have $2M liquid and are about to realize $4M cash from the sale of a business. they also have a rich uncle and may inherit something in the future. does not seem convoluted to me.

Did you forget to use [sarcasm] [/sarcasm] around your statement? :D

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