Search found 2357 matches

by am
Sun Nov 12, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What Credit Card is good for me?
Replies: 19
Views: 1273

Re: What Credit Card is good for me?

Start with Citi Double Cash or Fidelity for 2%. Use it in combination with your freedom card. If you want to play a bit of the game, add AMEX Everyday which gives you 3% groceries and Uber credit card which gives you 4% dining. Since you say you do foreign travel, you may want to consider Chase Sap...
by am
Fri Nov 10, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9338

Re: "$1 Million is Closer Than You Think"

They should include a part that shows how much faster your money will grow if your investment company doesn't spend it on advertising... :D Advertising brings in more money to funds, which makes (some of) the costs lower when distributed across all the assets under management, and since Vanguard fu...
by am
Tue Nov 07, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10724

Re: The average American retiree household

I think that if the advice on here about retirement were applied to the general population, than the great majority of people would never retire. The average retiree or pre retiree here is factors more knowledgeable and wealthy than the average. It also seems like many of us are very conservative an...
by am
Tue Nov 07, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1482

Re: Is short term tips etf appropriate for part of emergency fund?

I Bonds beyond 1 year function like Inflation indexed CDs for 30 years with the early withdrawal penalty waived after the first 5 years. Oh and you dont pay state income taxes on the interest. They make an excellent emergency fund and are also reasonably tax efficient in the event that you don't ne...
by am
Tue Nov 07, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1482

Is short term tips etf appropriate for part of emergency fund?

Wondering if a short term tips etf such as the one vanguard offers would be appropriate for part of an emergency fund? If the goal is to maintain as much purchasing power over time with little risk? How about in comparison to I bonds?
by am
Sun Oct 29, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2606

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

At age 40 you seem to be in great shape. I agree that reducing equity risk would be prudent. A 50% equity allocation coupled with $100k contributions per year should enable you to still have excellent growth of your investments with less exposure. You also seem to have your children's education fun...
by am
Sun Oct 29, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2606

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

Isn't a million just an arbitrary number at this point? I mean if you've "won the game" and no longer need to accumulate, then go for the big change in asset allocation. But if you're still on the road, then why make any drastic and sudden changes? How about partially winning the game and winding r...
by am
Sun Oct 29, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: NYTs- "Why Bonds aren't Boring Right Now"- Bogle commentary
Replies: 11
Views: 2086

Re: NYTs- "Why Bonds aren't Boring Right Now"- Bogle commentary

I see what he means. We're taking much greater risk with stocks for only incremental gains over bonds (1% difference stocks over bonds). Interesting way of thinking about it. Sorta similar to the way Buffett and others look at it--when the spread between what riskless assets are paying and what sto...
by am
Sun Oct 29, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2606

Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

Early 40s recently hit 2 comma club taxable + tax deferred at about 78% stocks 22% bonds. No debt, 20k pension with health insurance expected at 62. 3 kids anywhere from 6-10 yrs from college with about 250k saved (20k/yr contribution). Thoughts have crossed my mind to reduce allocation to 50% stock...
by am
Sun Oct 22, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 70
Views: 6443

Re: Why do I need bonds? (I'm 30)

when my portfolio was 100k, a large % loss was not a big deal relative to my income. Now that my portfolio is low 7 figures, a big drop is a huge deal and will be psychologically damaging, at least for me. During the thick of the drop, you just don’t know how low and when (if?) it will recover since...
by am
Tue Oct 17, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7179

Re: Vanguard expects "decent sized correction" soon

Those lifestrategy funds vanguard used to have where allocations were based on market conditions have become fixed allocation funds for a reason. I am sure that many thought the market was too hot during the 80s and 90s. I will stay the course no matter what. If market does drop, it will be an oppor...
by am
Sat Sep 30, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 3912

Re: For buying house: how do you know which schools are "good"?

Good schools generally correlate strongly with high income. Which often means little diversity and expensive housing.
by am
Tue Sep 26, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: 28 Year Old having a Crisis, how am I doing?
Replies: 27
Views: 4720

Re: 28 Year Old having a Crisis, how am I doing?

“In regards to my finances I have around 45K in between an IRA and 401k and about 10K in Checking’s / Savings. I really feel as if I should be doing better than this at this point in my life.” I think you are doing fine. Your networth assuming no debt is between 10-25% for your age group! https://as...
by am
Sat Sep 23, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 942

Re: Vanguard college calculator and some questions

I have been using this Vanguard calculator to get an idea where I am in terms of Saving for my kids college : https://vanguard.wealthmsi.com/csp.php# Is tuition increase really 5% per year like calculator defaults to? Looks like I’ll be paying 350k for tuition and board for my 13year old daughter f...
by am
Sat Sep 23, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Article from Pfau on non us countries mostly not supporting 4%
Replies: 6
Views: 1201

Re: Article from Pfau on non us countries mostly not supporting 4%

I would also add that there are no guarantees except one in this life. At some point, you just have to go on faith that things will work out since there are too many unknowns to protect oneself against. We can discuss withdrawal rates but we’ll never be sure.
by am
Sat Sep 23, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11218

Re: The Magic of Savings Rate

Folks, It is very simple but hard. 1) Average American at all income level saves nothing. 2) So, if you want to save money, do not live like average American at your income level. Live like the average American at one income level below you. Then, you could save money. 3) The key question is where ...
by am
Sat Sep 23, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 3538

Re: Bitcoin Return and Investing Ideas

A positive real return for bitcoin due to the supply being limited to 21 million sounds kind of iffy to me. For one thing, the limit is only imposed at about year 2140 A.D. So for the next 120 years, the supply of bitcoin will increase. From https://coinmarketcap.com/ Circulating Supply is now 16,5...
by am
Sat Sep 23, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Article from Pfau on non us countries mostly not supporting 4%
Replies: 6
Views: 1201

Article from Pfau on non us countries mostly not supporting 4%

https://retirementresearcher.com/4-rule-work-around-world/?utm_source=hs_email&utm_medium=email&utm_content=56635857&_hsenc=p2ANqtz-_rgi4P_XiAN2kfeQKpCkUgXozBCwlJrqewJJussdPfa7xKVCGTtbfElbKEDvtcqtEkUKpG1n6XRRCIwM46L3eQF_8kXw&_hsmi=56634270 Some countries were close to 0%. Only point to add is that w...
by am
Sat Sep 23, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees underestimate how much they need?
Replies: 1
Views: 699

Any retirees underestimate how much they need?

Seems to me like a lot of people on this forum have early retirements in their 50s and even 40s. Yet a lot of advice on these forums advocates low withdrawal rates of 3% or lower and saving large amounts to account for the unexpected. Given how low retirement savings are in this country on average ,...
by am
Sat Sep 23, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 942

Re: Vanguard college calculator and some questions

...Wondering what others have done to pay? Save more, cash flow the difference assuming income stays the same, take loans, heloc, encourage public state school? We saved early and often while my daughters were young such that we had enough saved before either started college to fund the full cost f...
by am
Sat Sep 23, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 942

Vanguard college calculator and some questions

I have been using this Vanguard calculator to get an idea where I am in terms of Saving for my kids college : https://vanguard.wealthmsi.com/csp.php# Is tuition increase really 5% per year like calculator defaults to? Looks like I’ll be paying 350k for tuition and board for my 13year old daughter fo...
by am
Fri Sep 22, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 10911

Re: No More Saving???

I would keep saving no matter what before retirement, since there are so many unknowns with how much you will need and what you’ll have down the line. I would add that it is important to strike a balance between saving and spending, since there is a real chance you may never get to use your savings....
by am
Thu Sep 21, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2174

Re: Bonds - Ugh

Bonds will look great when we have the next big pullback in stocks! Most of us are long term investors.
by am
Thu Sep 21, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2833

Re: Bitcoin AA - Just out of Curiousity

Angelus359 wrote:
Wed Sep 20, 2017 8:13 am
I have about 1400$ of a mixture of cryptocurrency

My IRA has about 24k in it

That works out to be 5.5% of my portfolio


Just gonna let it sit and see what happens. Buy and hold.

How’d you get it into your IRA? Only way I know is with gbtc(bitcoin investment trust).
by am
Wed Sep 20, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7279

Re: Physiological effects of Early Retirement in peak earning years.

My father died when he was 58. I retired as early as I could. This ^ post brings it all into proper context. You can always make more money. You can't make more time. DH died earlier this year at 55. We had even made plans for early retirement, which should have been early this year. Unfortunately ...
by am
Wed Sep 20, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Income from Uncorrelated Commodities
Replies: 26
Views: 1114

Re: Income from Uncorrelated Commodities

I found a fund called SIVR which holds physical silver in a vault to avoid the contract exposure issue. I also found an ETF called DBC which has 14 commodities but uses contracts. Hmm. Dbc invests in collaterlized commodity futures,has high expenses, issues with front running contango, k1 form if r...
by am
Wed Sep 20, 2017 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard total us dividend for Sept?
Replies: 10
Views: 1356

Re: Vanguard total us dividend for Sept?

The fund does not show a distribution for Sept. which seems unusual. Is this an error? https://personal.vanguard.com/us/funds/distributions?FundId=0970&FundIntExt=INT No, the distribution for Total US Stock Market is for today, so you will see it after close of business at 6PM tonight. Why is it no...
by am
Wed Sep 20, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard total us dividend for Sept?
Replies: 10
Views: 1356

Vanguard total us dividend for Sept?

The fund does not show a distribution for Sept. which seems unusual. Is this an error?

https://personal.vanguard.com/us/funds/ ... IntExt=INT
by am
Sun Sep 17, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20024

Re: Let's talk about your FI # and family income [Financial Independence]

If you made mid 6 figures (150 or 500, however you look at it) sure you can (and I do save a lot) but do you really want to quit at 30 and live in a rural are for the rest of your life? Medical risk flashes for me. I've saved agressively - roughly half my income since I started working but it takes...
by am
Sun Sep 17, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20024

Re: Let's talk about your FI # and family income

This threads crack me up. You guys with deep six figure incomes and you are trying to figure out retirement and such. This forum is infuriating sometimes. If I made mid six figures I'd be retired in three years and on a hillside somewhere over looking nature enjoying the hell out of life. As a smal...
by am
Sun Sep 17, 2017 10:16 am
Forum: Investing - Theory, News & General
Topic: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy
Replies: 51
Views: 4328

Re: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy

I always wonder if taking frugality too far sets you up for major regrets as you get older. If you have the cash to buy something you value or want without going into debt, than its probably best to go for it. I am early 40s with income and assets in top percentiles but live below my means. Perhaps ...
by am
Sun Sep 17, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16146

Re: Bitcoin in 3-fund indexed portfolio?

Thanks for the link. It was an interesting read, but I'll guess that you are relying on technical analysis. Technical analysis is useless for predicting the future. I call them as I see them, much like picking the winner of a football game. Actually the "experts" are pumping a floor of $3000 so tha...
by am
Sun Sep 17, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 183
Views: 20024

Re: Let's talk about your FI # and family income

Household income about 400k, early 40s. Financial independence is 2.5 mil, paid off house and paid for kids college. So far paid off house and 50% to where college and retirement accounts are where I want them to be. Pension at 62 of 20k/yr from poorly funded state (big ?) and SS down the line. My b...
by am
Sat Sep 16, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7279

Re: Physiological effects of Early Retirement in peak earning years.

it is hard to imagine just tuning off the lights on my career one day as a physician. After spending most of life studying to become one and working, it is terrifying to just let it go. With my career being so time consuming, I haven't developed as many friends and hobbies as I would like. I feel li...
by am
Thu Sep 14, 2017 1:15 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin is dropping right now after a big Chinese exchange announces closure
Replies: 84
Views: 6824

Re: Bitcoin is dropping right now after a big Chinese exchange announces closure

What's to prevent other governments from banning exchanges and therefore practically making them worthless? I have a small gamble in these coins but am fully prepared to go to 0 on these. It's also much harder to not sell while they're hemorraging since there is no intrinsic value and nothing stoppi...
by am
Mon Sep 11, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: Bitcoin in 3-fund indexed portfolio?
Replies: 191
Views: 16146

Re: Bitcoin in 3-fund indexed portfolio?

https://www.leaprate.com/cryptocurrency ... exchanges/

Wonder how China closing local exchanges will be on the currency? Is this the nail in the coffin as other countries follow or simply a bump in the road?
by am
Sun Sep 03, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

Bitcoin is nothing I either care about or wish to know about, other than extremely incidental. When I was in a college lab in 1995 using the than so called internet, I also thought it was something I do not wish to know or care about, LOL, I get your point. OTOH, back in the mid and latter 1990's I...
by am
Sun Sep 03, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

midareff wrote:
Sun Sep 03, 2017 1:34 pm
Bitcoin is nothing I either care about or wish to know about, other than extremely incidental.
When I was in a college lab in 1995 using the than so called internet, I also thought it was something I do not wish to know or care about,
by am
Sun Sep 03, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: The Stock Market Is Always Risky
Replies: 42
Views: 3477

Re: The Stock Market Is Always Risky

After buying some cryptocurrencies for fun and watching the value zig zag, makes the stock market a calm breeze :)
by am
Sun Sep 03, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

selftalk wrote:
Fri Sep 01, 2017 5:44 pm
In my opinion Bitcoin is just something else to gamble on.
A store of value that no one has to know about, is portable, secure, and can be used to buy stuff anywhere there is a computer.
by am
Sun Sep 03, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Humble dollar article on munis
Replies: 6
Views: 719

Humble dollar article on munis

http://www.humbledollar.com/2017/08/who-needs-munis/ Article makes the case that munis are rarely needed. Keep stocks in taxable to gain tax advantages and put higher yielding taxable bonds into tax deferred. If need cash, than sell stocks from taxable and buy stocks in tax deferred. I have quite a ...
by am
Sun Sep 03, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: Leasing versus buying car with business deduction and all cash
Replies: 2
Views: 353

Leasing versus buying car with business deduction and all cash

It is likely we will need a new car in the near future (current 3 series BMW has 100k miles). What would make more sense from a financial perspective. Leasing a vehicle under my wife's business and deducting it as an expense or simply buying our vehicle for cash outside the business? We have had our...
by am
Thu Aug 31, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Put These Charts On Your Wall
Replies: 11
Views: 3292

Re: For anyone worried about the current markets

I think most who hang out here have learned to tune out the noise and ignore "experts".
by am
Sun Aug 27, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

Yes, agree, there likely is a bubble, but it does not mean cryptocurrencies and the technology behind them are ever going away. And the bubble may last for years allowing those not too greedy to capitalize. A point of concern for me is how bitcoin had a fork and split into bitcoin and bitcoin cash r...
by am
Sat Aug 26, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

Is one of the biggest risks government intervention? Some foreign governments have already outlawed cryptocurrencies. But does this mean that people in those countries can't/won't use it? I wonder if widespread use as an alternative currency in the us or the world will be enough to make it mainstrea...
by am
Sat Aug 26, 2017 11:34 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

Are they working on a solution to this? Also, what happens when we reach the next fork, as far as potential of bitcoin itself? The crazy thing is that many developers in the Bitcoin Core group believe that high fees are a feature, not a bug. The folks that wanted larger block size and lower fees al...
by am
Sat Aug 26, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

A lot of the bitcoin discussion goes on at reddit in r/Bitcoin forum. In this thread someone is trying to send $400 and the fee is $60. Then an interesting discussion follows. https://www.reddit.com/r/Bitcoin/comments/6vx61u/btc_fees_wtf/ This is how Bitcoin works under the hood. Every transaction ...
by am
Fri Aug 25, 2017 8:33 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

Just bought $600 worth of bitcoin. Plan on buying $1k a month. Risk vs reward. I need to make it big. Good luck! I bet some money also :) There are limitations for greater expansion of bitcoin right now, plus the governments are sure to put their paws on it given potential loss of control. The odds...
by am
Fri Aug 25, 2017 2:54 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 29539

Re: What is Bitcoin?

From my understanding, bitcoin has most widespread acdeptance as a currency. Etherium seems to be more than a currency with applications in a wide range of industries such as contracts, finacial and insurance transactions. Although etherium is in its infancy. Bitcoin has a limited number of coins 21...
by am
Fri Aug 25, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Taxes and safe swr
Replies: 41
Views: 2218

Taxes and safe swr

After reading the thread about swr being 4.5% for 30 yr and closer to 4% for >30yr retirements, I would like to know how to handle the tax burden of withdrawals into this figure? Seems like it would be difficult to know in advance since it depends on which accounts you withdraw from, marital status,...