Search found 28 matches

by flatman123
Fri Sep 08, 2017 5:53 pm
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Your decision to go with Swelfie's advice is fine. The idea that SCHB is cheaper is nuts although that is what Schwab wants you to think. The difference in cost is so small that there is no meaningful difference. Also the cost per share of any investment is a meaningless number. Do not make any dec...
by flatman123
Fri Sep 08, 2017 5:40 pm
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

i can buy a lot more shares of SCHB than i would VTI SCHB is about $60 per share whereas VTI is about $126 per share, so with (say) $3000 you can indeed buy more shares of SCHB. That doesn't make any difference except that with SCHB you're more likely to have less money left over from the fractiona...
by flatman123
Fri Sep 08, 2017 6:18 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Hello all, sorry for the late reply.( work has been extremely insane) "retiredjg" - i'm sorry i didn't have the time to put that information together, so my deepest apologies if i've wasted your time. However, in regards to where i currently stand, I have decided to go with "Swelfie's " advise ( I a...
by flatman123
Fri Jul 21, 2017 5:27 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

When you have some time to devote to this issue, I think you should give another stab at it, getting all the information together and getting it all in one post, following the format we use to help people with their portfolios. The way things are going, it is very difficult to help you because each...
by flatman123
Tue Jul 18, 2017 1:23 pm
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Agree to fill 2 Roth IRAs first, then consider whether to pay off your loan or hold your nose and put some in 401k. Hopefully they will improve it and you will have some money to benefit from that as well as your tax benefits the year you contribute. I only have about a two months left for my loan,...
by flatman123
Tue Jul 18, 2017 4:45 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

I think we are still waiting to hear about other funds in your plan, aren't we? Ah ,yes. here you go: ~Here is what is currently available for me to choose from NAME TICKER E-Ratio *****Aggressive Growth**** DFA International Value DFIVX 1.78% Intl Equity Index Fund 2 JIEQX 1.47% Small Cap Index Fu...
by flatman123
Mon Jul 17, 2017 5:50 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

hello, folks, sorry about the late reply.. i've been out of town on some pretty big projects. I found out about how my employer contributes to my 401K and you were right My guess is that it is 3% no matter whether you contribute While out of town, i've been looking at some 500-index funds to choose ...
by flatman123
Wed Jun 21, 2017 5:14 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

all i'm still in the process of getting the info from my company.

i've been extremely busy at work with other projects..which makes it so easy to forget other things throughout the day.
sorry about that.
by flatman123
Mon Jun 19, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

One other question. You mention a 3% match. Is that 3% of your salary or 3% of what you contribute? For example, 3% of your salary would be something like $1,950 a year. 3% of your contribution would be $540 at most, less since you don't contribute the maximum. About how much do you need to contrib...
by flatman123
Mon Jun 19, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

In my opinion, you should do your investing as follows: 1. Invest in 401K only to the level required to get any employer match. [edit] I just read your post (above). 2. Invest in (2) Roth accounts (one for you, one for spouse) up to the maximum of $11,000. I recommend this because of your low tax r...
by flatman123
Mon Jun 19, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

hmm...which type of Roth account would i want to open up?
by flatman123
Mon Jun 19, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

One other question. You mention a 3% match. Is that 3% of your salary or 3% of what you contribute? For example, 3% of your salary would be something like $1,950 a year. 3% of your contribution would be $540 at most, less since you don't contribute the maximum. About how much do you need to contrib...
by flatman123
Mon Jun 19, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

retiredjg wrote:
flatman123 wrote:
Do you expect your family income to got up a great deal in the next few years?
yes
About how high and about how fast?
i'm expecting to reach about 80-85k within the next 5-6 years.
by flatman123
Mon Jun 19, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Take your $3000 and open a Roth IRA, as you planned. Determine your asset allocation based on your tolerance for risk. I would recommend 80% stocks, 20% bonds if you have no idea, but this is a very personal decision. You can adjust this ratio as you learn more. to summarize your advise..... so bas...
by flatman123
Mon Jun 19, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

BL wrote:If married, you should also do a Roth IRA for your spouse, whether she earns income or not, if you can come up with the money after contributing any match to 401k..

Interesting you mentioned to open a Roth for my Wife...i heard someone else say the same thing...whats the benefit of that?
by flatman123
Mon Jun 19, 2017 8:43 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

runner540 wrote:If your tax bracket is 15% and you are single, your taxable income is less than $38k. Is that correct? I just want to clarify if 15% was the marginal rate or effective rate.
i'm married and i'm in the $65-70K range.
by flatman123
Mon Jun 19, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Flatman, for right now we are not interested in your contributions or the employer's contributions. We are interested in what you actually hold now in the 401k. understood Is that what this is? This only adds up to 90%. It needs to add up to 100%. Can you clarify that please? 42% Vanguard Small Cap...
by flatman123
Mon Jun 19, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Your employer match of 3% doesn't quite make sense if the employer has contributed 80% and you only 20%. Does your employer just contribute a flat 3% of your salary, or does the employer match your contributions? hmm.. good question.. i'll need to verify how exactly they match. i'll get back to you...
by flatman123
Mon Jun 19, 2017 5:25 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

In addition to my post above, here is a general snap-shot of my allocation

42% Vanguard Small Cap Grow Index
38% Small Cap Index Fund
10% 500 Index Fund
by flatman123
Mon Jun 19, 2017 5:18 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

guys, my apologies..i made some errors in my previous post for the 401k info: contribution currections are below: Emergency funds: 9-months Debt: school loan with about $5k left ( I actually plan on utilizing the the loan company's deferment feature and pay this off in one lump some to avoid the mon...
by flatman123
Mon Jun 19, 2017 5:03 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Ok all here is my info Emergency funds: 9-months Debt: school loan with about $5k left ( I actually plan on utilizing the the loan company's deferment feature and pay this off in one lump some to avoid the monthly interest rate) Tax Filing Status: Married filing Jointly, no dependents Tax Rate: 15% ...
by flatman123
Sun Jun 18, 2017 9:55 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Do you have any investments now? Did you have anything invested in the last crash (seems unlikely considering your age, but not impossible). aside from the 401K i don't have any other investments and i didn't have anything invested during the last crash ( kinda wish i did :annoyed ..i feel like 34 ...
by flatman123
Sun Jun 18, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

BL, Share with us your available 401k funds, with name, ticker, and ER (Expense Ratio). Filling your 401k and/or a Roth IRA is probably your best way to get started with investing. Look for lower-ER funds such as S&P 500 fund if they are all above ER= 0.50% or higher. That is often the cheapest. Any...
by flatman123
Sun Jun 18, 2017 9:15 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Retiredjg, ]Even if your 401k is not great, you should probably use it and a Roth IRA (if eligible) before considering investing retirement money in a taxable account (an account that does not have a tax advantage like a 401k, IRA, Roth IRA, etc). hmm.. so i should max it out just to cover my bases ...
by flatman123
Sun Jun 18, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Paul,

I just finished reading the article on Myopic Loss aversion ( also read another article to clear a few things up in the one that you provided).....the topic of MLA makes perfect sense...thanks for sharing.
by flatman123
Sun Jun 18, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

FYI...I originally had 1,000 to start investing...but I saw that TD Ameritrade doesn't have a minimal deposit to open an account...in-addition..they have had a deal where if you start of with a deposit of 3,000 that you get 60-days of free trading... now I don't plan on trading often ( I just wanted...
by flatman123
Sun Jun 18, 2017 7:07 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

Re: new to investing...[a little] help please?

Will the $3000 be inside a Roth or will it be a taxable account? -- yes it will be in a Brokerage account with TD Ameritrade thanks for the links, I will read up on that today. 2. This seems unusual to me, what are your specific concerns about your 401K? the fees associated with my 401k and the unkn...
by flatman123
Fri Jun 16, 2017 6:47 am
Forum: Investing - Theory, News & General
Topic: new to investing...[a little] help please?
Replies: 53
Views: 3504

new to investing...[a little] help please?

Hello, all.. i'm in of need of some help..i can't afford a financial adviser, so i've been doing ALOT!! of reading about..watching videos on investing ( stocks, ETF's, index funds etc..)--been studying for about 2 months 5 days aweek....and now i'm reaching out for assistance....i'm 34 years old and...