Search found 1856 matches

by inbox788
Sat Feb 13, 2016 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with buying back in after broker transition to Vanguard
Replies: 14
Views: 897

Re: Help with buying back in after broker transition to Vanguard

It is not helpful to hold tiny slices of any fund. Dividing a tiny Roth IRA into 3 funds is just adding a complexity headache with no possibility of benefit. If you want to overweight things like Health Care, Tech, and Energy, do it in a meaningful way (and probably don't do all 3). By meaningful, ...
by inbox788
Sat Feb 13, 2016 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: buy-and-hold, vs more active mgt....question
Replies: 23
Views: 1670

Re: buy-and-hold, vs more active mgt....question

This is a compelling case for transitioning to a Vanguard advisory account. With some 30 or so holdings, my performance lags VWIAX alone by about 4-5%. Does a VG advisor mostly go with indexed funds or can I specify that I prefer actively managed VG funds? I'm considering starting by paring out may...
by inbox788
Sat Feb 13, 2016 2:57 pm
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 72
Views: 9840

Re: Banned from Home Depot Returns

If HD's policy is to treat gift card purchased items like non-receipted ones, as you say, that would explain it. As to why they do it, they will have many experts in loss prevention, and I am hesitant to say there us no benefit. It may not be that there is a specific gift card scenario that they ar...
by inbox788
Sat Feb 13, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%
Replies: 65
Views: 2967

Re: Should I Refinance? - 85% LTV, 30-Year Fixed, 5.5% to 15-year Fixed, 2.99%

I'm paying it like a 15-year. If you factor in the increases at the maximum each time I'll still come out ahead in the end relative to the 15-year, which has the 1% origination fee. How do you figure? I thought it used to be capped at 2% increase for years 6-10, but looks like it can go up as much ...
by inbox788
Sat Feb 13, 2016 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Cherry picking popular stocks: hedge funds vs. index funds
Replies: 10
Views: 659

Re: Cherry picking popular stocks: hedge funds vs. index funds

Before I enter into a trade, what are some things I should know? For one, hedge fund managers as a group aren't all that great about picking stocks. E.g., see http://investorplace.com/2015/02/vanguard-funds-vs-hedge-funds-guess-wins/#.Vr5xrkBnfm4 and http://www.cnbc.com/2015/02/04/buffetts-index-fu...
by inbox788
Sat Feb 13, 2016 10:19 am
Forum: Investing - Help with Personal Investments
Topic: buy-and-hold, vs more active mgt....question
Replies: 23
Views: 1670

Re: buy-and-hold, vs more active mgt....question

Against the Schwab "Moderate Conservative" benchmarks the numbers are not impressive… YTD: -3.65% vs Benchmark -3.88% (not inclusive of today's 10k loss) 1-year: -4.6% vs. Benchmark -3.6% 3-years +1.62% vs. Benchmark+3.67% 5-years: +2.95% vs. Benchmark +4.74% Common for others with alloca...
by inbox788
Fri Feb 12, 2016 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Time to tax loss harvest???
Replies: 11
Views: 925

Re: Time to tax loss harvest???

Here is a thread with a post by grabiner which mentions UTMA and wash sale: https://www.bogleheads.org/forum/viewtopic.php?p=2779464#p2779464 I am not the tax authority here; I just quoted the IRS. I don't see why the kids' are not doing tax-loss harvesting in their UTMAs. This would actually hurt ...
by inbox788
Fri Feb 12, 2016 8:58 pm
Forum: Investing - Theory, News & General
Topic: "Picking Individual Stocks is a Loser's Game"
Replies: 75
Views: 6399

Re: "Picking Individual Stocks is a Loser's Game"

Anyone who buys a significant lump of AAPL today is going to be a happy person 365 days from now. It's a week later and my share of AAPL is down 0.03!?! I'm not happy yet. Only 51 weeks to go before I'm happy according to you. And if anyone believes this, you can be 0.03 happier. Another stock I'm ...
by inbox788
Fri Feb 12, 2016 7:34 pm
Forum: Investing - Theory, News & General
Topic: Is it starting to smell like opportunity?
Replies: 32
Views: 3562

Re: Is it starting to smell like opportunity?

It is better to buy (rebalance?) over time during a downturn , and then during the upturn. Timing the bottom is best left to "the bottom feeders" who somehow know exactly when the bottom occurs,....Or so they say long after the actual event. SeeMoe.. :confused Sensing a bottom in December...
by inbox788
Fri Feb 12, 2016 1:00 pm
Forum: Investing - Theory, News & General
Topic: World stocks officially reach bear market territory
Replies: 25
Views: 3327

Re: World stocks officially reach bear market territory

Actionable: Nothing. From a BH perspective, is anything the market does truly actionable? Yes! Of course it's actionable. There's plenty of money to be made in volatile markets. Why should Wall Street be the exclusive beneficiaries of all the volatility. The only thing that comes close to BH action...
by inbox788
Fri Feb 12, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Is it starting to smell like opportunity?
Replies: 32
Views: 3562

Re: Is it starting to smell like opportunity?

I just think that most people DO have dry powder. I don't know many people in real life who are truly "fully invested"...most real people I know (granted, it's a small sample size) who have money have some cash beyond an emergency fund. Edit: I would also wager that most people (even perh...
by inbox788
Fri Feb 12, 2016 12:48 pm
Forum: Personal Consumer Issues
Topic: $50 Amazon tablet
Replies: 33
Views: 2652

Re: $50 Amazon tablet

If you try SlimLP, please let me know how easy it was and how well it works. When I tried rooting mine I kept getting stuck in Fastboot mode and couldn't figure out how to load the Fastboot drivers. I have no experience rooting devices. I wasn't too married to my Fire device, so I thought it would ...
by inbox788
Fri Feb 12, 2016 12:40 pm
Forum: Personal Consumer Issues
Topic: $50 Amazon tablet
Replies: 33
Views: 2652

Re: $50 Amazon tablet

If one wanted to stay with the Google eco system and not have to mess around a hack to make it work on the Fire what would be a Fire tablet cousin? The only thing having me second guess a Fire is the lack of Hangouts. I got an Asus Chromebook for my wife, about $200. We love it. I do not know if th...
by inbox788
Fri Feb 12, 2016 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Extra 10K lying around - should i invest?
Replies: 13
Views: 1564

Re: Extra 10K lying around - should i invest?

I have about 13K in my savings right now. I am about to start working full-time and will make 60K a year in august, so I have a decent salary for a recent college graduate. I have about ~220K from an inheritance that I will not touch until retirement, so I am well-off financially. I have this large...
by inbox788
Fri Feb 12, 2016 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Former law firm partner seeking investment and financial advice.
Replies: 4
Views: 968

Re: Former law firm partner seeking investment and financial advice.

Some questions about the life and disability: Is the whole life insurance some sort of estate planning angle? If you died tomorrow, could the family be OK on your assets and Social Security without the insurance? If you become disabled tomorrow, could the family be OK on your assets and Social Secu...
by inbox788
Thu Feb 11, 2016 11:39 pm
Forum: Investing - Theory, News & General
Topic: World stocks officially reach bear market territory
Replies: 25
Views: 3327

Re: World stocks officially reach bear market territory

Actionable: Nothing. From a BH perspective, is anything the market does truly actionable? FWIW, I added some of the VT (world stock ETF) today, will add more if we have another big down draft from here. Where are you getting the cash? Is it just sitting around? Are you simply re-balancing from bond...
by inbox788
Thu Feb 11, 2016 10:37 pm
Forum: Personal Consumer Issues
Topic: $50 Amazon tablet
Replies: 33
Views: 2652

Re: $50 Amazon tablet

I actually bought a couple of Fire Tablets when they were $35. I gave one away as a gift and kept the other to replace an iPad that broke (I dropped it). It works well enough (I guess) and I don't have any major complaints... but I feel like it works just barely well enough for me to be happy enoug...
by inbox788
Thu Feb 11, 2016 9:42 pm
Forum: Investing - Theory, News & General
Topic: It sure looks like a good time to invest in oil
Replies: 87
Views: 8746

Re: It sure looks like a good time to invest in oil

Bank of America reported their results today. They increased loss provision by 32% to account for falling energy prices. Same with Wells Fargo. I read in an article some mid scale bank in Texas raised loss provision from 7mill to 32mill$ ; as one of their key debtor lowered production volume substa...
by inbox788
Thu Feb 11, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: Managing kid's internet use
Replies: 35
Views: 2632

Re: Managing kid's internet use

Open DNS and blocking at the router level. That way any devices that connect to the wireless network are subject to parental controls. Plus keeping the main computer in common area. What's a router? What's DNS? Seriously, the technical skill for doing these things is probably more than the average ...
by inbox788
Thu Feb 11, 2016 4:27 pm
Forum: Personal Consumer Issues
Topic: How do you use your Chase Freedom rewards?
Replies: 35
Views: 3406

Re: How do you use your Chase Freedom rewards?

We keep it simple and just apply it to the balance charged for the month. Tim That's exactly why I switched to a 2% card, so going forward, I'll get around twice the cash back. Depends on how much you can take advantage of the bonus categories, which I couldn't much. Overall, it was about a 1.25% c...
by inbox788
Thu Feb 11, 2016 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 56
Views: 6089

Re: Costco AMEX Transition - Costco has no answers

Perhaps the delay is related to Fidelity going to a new 2% VISA to replace it's 2% AMEX card. Both Fido and Costco moving from AMEX to VISA and jockeying for each others market share. Fidelity sees Costco dumping AMEX and does the same but doe sit first, and then tries to get market share by sweete...
by inbox788
Thu Feb 11, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 80
Views: 7032

Re: What is your decline in Net Worth as of today?

I don't know and I don't care. What's the difference between ignorance and indifference? What's special about today? Which was the last special day and when will the next one be? Anyway, not rebalancing per say, but took TLH in Dec and 30 days passed so did another TLH a few days ago...should have ...
by inbox788
Thu Feb 11, 2016 12:54 pm
Forum: Investing - Theory, News & General
Topic: Buying the Dividend
Replies: 12
Views: 1230

Re: Buying the Dividend

It's unlikely that it'll be 3%, probably closer to 2-2.2%. So you figure that your dividend from the $30K contribution should be no more than $165. I don't think that should influence your decision here, especially since it's over a month away. However, it's great that you're thinking about it; alw...
by inbox788
Thu Feb 11, 2016 12:38 pm
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 72
Views: 9840

Re: Banned from Home Depot Returns

As others have said, it's because of how often you returned things without a receipt. All major retailers now track this, and will blacklist you if you do it often enough. 10 times in a year is certainly often enough. I was once told at Target that I could return without a receipt only once or once...
by inbox788
Wed Feb 10, 2016 7:22 pm
Forum: Personal Consumer Issues
Topic: Best Car for Family of 5?
Replies: 68
Views: 3848

Re: Best Car for Family of 5?

I must admit that I wish some actually made a minivan still. But I assume there is a reason (nobody bought them) why every model has gone from 190" 20 years ago to like 202+ today (i.e. close to what a full size van was 20 years ago). no ... there is another Often forgotten, but Mazda still ma...
by inbox788
Tue Feb 09, 2016 11:51 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 69
Views: 3259

Re: Math and Computer Science

I have to say I agree with this. After getting a BS in Computer Science and coding since 4th grade, I would say for the vast majority of coders math is simply a different field. People repeatedly conflate math as being essential to computer science but in my experience, people just meaninglessly re...
by inbox788
Tue Feb 09, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 90
Views: 4911

Re: Public school or private school (with school data)

Adding some more data to the conversation. National Merit Scholarship results - 2015 Private school: 6 finalists, 8 commended (out of 91 students) Public school: 6 finalists, 1 commended (out of 180 students) 2014 (number of students in graduating classes should be about the same as in 2015) Privat...
by inbox788
Mon Feb 08, 2016 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Is This An Acceptable Tax Loss Harvest?
Replies: 27
Views: 1650

Re: Is This An Acceptable Tax Loss Harvest?

@inbox788 The point is "we don't know". You can sell/buy the exact same fund in separate accounts and the IRS probably would never know. You can trade an S&P 500 for a Dow Jones 700. The returns are going to be very close - maybe identical. Are they substantially identical? You can tr...
by inbox788
Mon Feb 08, 2016 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: Is This An Acceptable Tax Loss Harvest?
Replies: 27
Views: 1650

Re: Is This An Acceptable Tax Loss Harvest?

Would you agree that voting is a bigger difference than the Investor vs Admiral mutual fund shares? You could also argue that an ETF and a mutual fund are NOT essentially the same thing. This would probably be a good test case to see now narrow they define essentially. But I won't be the test case ...
by inbox788
Thu Feb 04, 2016 6:43 pm
Forum: Investing - Theory, News & General
Topic: Re Yale Endowment, via Bloomberg
Replies: 10
Views: 1223

Re: Re Yale Endowment, via Bloomberg

50 million in 1990 in total market would be worth about 329 million today. The hedge fund more than paid for itself it is worth 1 billion dollars. The chart is interesting with the huge increase in private equity, real assets, and absolute return. None of those are assets that most people can buy. ...
by inbox788
Thu Feb 04, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is This An Acceptable Tax Loss Harvest?
Replies: 27
Views: 1650

Re: Is This An Acceptable Tax Loss Harvest?

Well, even with the second definition you wouldn't be able to sell class A shares of a stock to buy class C shares of a stock and harvest a loss (vs considering it a wash sale & adjusting basis). Or selling investor shares of a mutual fund and buying admiral shares. They aren't IDENTICAL, but t...
by inbox788
Thu Feb 04, 2016 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: My Megacorp offered a pension lump sum option today...
Replies: 86
Views: 8000

Re: My Megacorp offered a pension buyout today...

My pension would be $3,077 based on an April 1st 2016 retirement date (non-COLA). The pension lump sum option offered is $472K Based on a lifetime annuity value of $630K (immediateannuity.com) this looks to be a 25% haircut. I'd keep the pension too. Maybe the 25% haircut is the difference between ...
by inbox788
Thu Feb 04, 2016 4:18 pm
Forum: Investing - Theory, News & General
Topic: SEC proposed regulations can affect index funds
Replies: 21
Views: 1180

Re: "Mutual Funds Are Risky"

> "Regulators (SEC) are demanding that funds report which of their assets can be sold quickly without materially affecting their price." I can't see the objection to requiring this sort of disclosure. It would be totally useless filled with boilerplate. And reporting would have no way of ...
by inbox788
Thu Feb 04, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 90
Views: 4911

Re: Public school or private school (with school data)

My son is a Junior and has attended private school since his freshman year. Honestly, I don't think it has benefit him much at all. We thought the smaller school and a more focused environment would improve his grades but it did not. My wife and I debated last year about pulling him out and putting...
by inbox788
Thu Feb 04, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 10103

Re: How to get a 200k+/year job?

Most of the school district superintendents in the Chicago Land area make 200K+. How do you get such a job? Bribe your way in? :wink: http://www.huffingtonpost.com/entry/barbara-byrd-bennett-jail_us_561e76e0e4b028dd7ea5f73a http://chicago.suntimes.com/chicago-politics/7/71/162511/former-north-chica...
by inbox788
Thu Feb 04, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 10103

Re: How to get a 200k+/year job?

The other option is highly specialized engineering/technical which is kind of the reverse. Instead of selling your engineering soul and moving to the dark side you can become so uber-specialized and highly sought after that you can command high compensation. Specialization is a two edge sword. You ...
by inbox788
Thu Feb 04, 2016 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 10103

Re: How to get a 200k+/year job?

One career that has not been mentioned yet. High dollar Capital equipment sales in the fields of IT and Medical Device. Successful careers in either industry will pay the salary you are looking for in addition to all the extra perks. (Company car, expense account, cellphone, Internet, etc). For you...
by inbox788
Thu Feb 04, 2016 4:50 am
Forum: Investing - Help with Personal Investments
Topic: Is This An Acceptable Tax Loss Harvest?
Replies: 27
Views: 1650

Re: Is This An Acceptable Tax Loss Harvest?

There are no regulations, rulings or examples in IRS publications that address what "substantially identical" means with respect to mutual funds--none, nada, zip. I wouldn't give a second thought to doing the TLH transaction raised in the OP (except I'd probably select funds or a combinat...
by inbox788
Thu Feb 04, 2016 4:05 am
Forum: Personal Finance (Not Investing)
Topic: How to get a 200k+/year job?
Replies: 107
Views: 10103

Re: How to get a 200k+/year job?

Some jobs don't require much education. Longshoremen make big bucks if you can get the job: http://www.latimes.com/business/la-fi-dockworker-pay-20150301-story.html Pilots used to make a lot, but airline troubles has dampened it a little. Also, air traffic controllers do pretty well. I met a plumber...
by inbox788
Thu Feb 04, 2016 3:53 am
Forum: Investing - Theory, News & General
Topic: Prosper.com Update Total Return
Replies: 35
Views: 2707

Re: Prosper.com Update Total Return

I opened an account with Prosper.com in september of 2014. I invested $500 and my current balance is $541. To be fair, I was slow to invest the full $500, now I have it set on auto invest so returns likely would have been higher. I have only had one charge off so far. Just thought I would share som...
by inbox788
Thu Feb 04, 2016 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Insurance increase after Citation and Traffic School
Replies: 8
Views: 809

Re: Insurance increase after Citation and Traffic School

Situation gets more interesting. First insurance company shows 2 year old violation for failure to obey sign. "Do no block intersection" where there was heavy traffic, and I had began to exit the intersection, but didn't leave enough room, so back wheel was still in pedestrian crosswalk. (...
by inbox788
Thu Feb 04, 2016 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Insurance increase after Citation and Traffic School
Replies: 8
Views: 809

Insurance increase after Citation and Traffic School

I got a minor moving violation 2 years ago (CA) and did traffic school to get it off my record. Now I'm being told by insurance company that there is a surcharge and/or I'm not getting a good driver discount. 1) If I take traffic school, is the citation dismissed? 2) Does it remain on my record? Doe...
by inbox788
Wed Feb 03, 2016 4:54 pm
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 5014

Re: "Money in the stock market isn't real money"

To me, money in the stock market isn't "real money." Money in my checking or savings account is real money. But money in stocks (or bonds) has been exchanged for another asset. The value of that asset may go up and down, and I'm free to sell it when I please, but it's not money right now....
by inbox788
Wed Feb 03, 2016 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: I'm not sure if a new credit card will hurt or help me?
Replies: 18
Views: 822

Re: I'm not sure if a new credit card will hurt or help me?

I’m in my late 20s with fairly good credit (710) but up until about year ago it was closer to 800. I have two credit cards and I used to pay off the balance on one, and use the other for big purchases, with a low balance never exceeding 40% or so of the maximum on that card. However, I recently fel...
by inbox788
Wed Feb 03, 2016 1:57 pm
Forum: Personal Consumer Issues
Topic: Recent Vanguard Trouble
Replies: 50
Views: 6777

Re: Recent Vanguard Trouble

I would say one of the best, technologically run, is TD Ameritrade, though they are around 3 iterations from the original company I signed up with, which was quite a dinosaur in its day. Funny you should say that. I have an account at TD Ameritrade that I inherited from being a ThinkOrSwim customer...
by inbox788
Wed Feb 03, 2016 12:28 pm
Forum: Personal Consumer Issues
Topic: Alternative to Briggs & Riley Luggage
Replies: 33
Views: 2199

Re: Alternative to Briggs & Riley Luggage

I've flown over 3 million miles on United and many miles on other airlines. Last year I flew almost 200,000 miles. I like TravelPro. They are built well and easy to repair (although the old ones were built better). They have different quality lines so pay attention to this. ... I'm not a fan of the...
by inbox788
Wed Feb 03, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Is This An Acceptable Tax Loss Harvest?
Replies: 27
Views: 1650

Re: Is This An Acceptable Tax Loss Harvest?

Just add the usual caution that the IRS has not actually defined what "substantially identical" means in relation to mutual funds. And IMO, they won't. The number of permutations and combinations is astronomical. Trying to define it will take huge effort and time and the confusion caused ...
by inbox788
Wed Feb 03, 2016 1:52 am
Forum: Personal Finance (Not Investing)
Topic: My life changed - Should I Refinance Now?
Replies: 14
Views: 2446

Re: My life changed - Should I Refinance Now?

When it comes to the remodel, you've got to figure out what your marginal interest rate is on additional loans like HELOC vs using the monies in the mortgage. Can you say more about this? I guess I'm not connecting the dots between my marginal interest rate (~35% = federal, state, and FICA combined...
by inbox788
Tue Feb 02, 2016 9:20 pm
Forum: Personal Consumer Issues
Topic: Recent Vanguard Trouble
Replies: 50
Views: 6777

Re: Recent Vanguard Trouble

With electronic systems, there is no reason why companies shouldn't be 100% accurate. It is not humans entering data. It is machines that are processing things electronic. For transactions that require human intervention, they should have an accurate system of checks and balances to make sure that ...
by inbox788
Tue Feb 02, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Low income... Contribute more 401k or save towards first home?
Replies: 18
Views: 1458

Re: Low income... Contribute more 401k or save towards first home?

I don't want to miss out on saving on my 401k account during these precious early years Don't know if anyone has spelled it out clearly, but you're not missing out on much. The 401k is a tax deferred account, which means you pay taxes on it later. If you tax rate goes up, you actually pay MORE when...

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