Search found 3541 matches

by inbox788
Mon Apr 24, 2017 11:03 pm
Forum: Investing - Theory, News & General
Topic: Zweig: The Expensive Ingredient of Cheap ETFs [Price vs. NAV]
Replies: 12
Views: 1993

Re: Zweig: The Expensive Ingredient of Cheap ETFs [Price vs. NAV]

I was just chasing down a small, but annoying unrelated discrepancy and wound up discovering that might be related to the discussion here. While fairly small, I'm a bit surprised that it shows up on such a liquid fund (although it is the international fund; I'll have to look for it in domestic funds...
by inbox788
Mon Apr 24, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Is $20K I-Bonds considered cash or bond?
Replies: 44
Views: 2418

Re: Is $20K I-Bonds considered cash or bond?

You can get technical about definitions or you can be practical about how it's used. I'm using bonds as part of my emergency fund, which most people recommend keeping in cash and equivalents. I don't count those bonds as part of my AA. It might be 5% of my investments, so whether I have an 80/20 AA ...
by inbox788
Mon Apr 24, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Software to track asset allocation (no tickers)
Replies: 40
Views: 2905

Re: Software to track asset allocation (no tickers)

It's too much work for me to track stuff, so I just eyeball it. For funds that don't have tickers, often, they're just repackaged versions of funds that do have tickers. They do this to wrap different fees and other minor differences (i.e. vtsmx vs vtsax vs company-Z 401k version). Often the differe...
by inbox788
Mon Apr 24, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Checking Account - Fidelity CMA vs. Schwab?
Replies: 29
Views: 1152

Re: Joint Checking Account - Fidelity CMA vs. Schwab?

I've used the Fidelity Visa and got hit with 1% foreign transaction fee. Since you get 2% points back, I consider it a 1% net cash back for foreign purchases. I don't charge much to it, so not worth having a specific card just to avoid the foreign fee. Don't know about the exchange rate, but it didn...
by inbox788
Mon Apr 24, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 83
Views: 2226

Re: Will cars be autonomous in three years?

In 3 years, we'll all be flying in cars!
https://www.nytimes.com/2017/04/24/tech ... ology.html

Seriously, just buy the truck.
by inbox788
Mon Apr 24, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Capital One vs Capital One 360
Replies: 4
Views: 846

Re: Capital One vs Capital One 360

They're function as different banks even though they're under one roof. I got tired of having to go through Capital One website only to be redirected to 360 and having to start over. Also, while 360 is slightly better than their bank offerings, the old Ingdirect products have languished under Capita...
by inbox788
Mon Apr 24, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Need advice about permanent life insurance policies
Replies: 11
Views: 1139

Re: Need advice about permanent life insurance policies

I'm not looking for specific credentials. He said he wasn't comfortable doing it because of the types of policies and the amounts. No, he didn't sell to me. Haha. Can you give an example of a type that's too complicated? Is the amount too high or too low for him to evaluate? For low amounts, I don'...
by inbox788
Mon Apr 24, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Best Place to Park Over $1m in Cash
Replies: 28
Views: 2029

Re: Best Place to Park Over $1m in Cash

If you had $5M in cash, you just lost $50,000 in opportunity cost today (SP500 up > 1%). I'd put a large chunk in the market (VTSMX) and bonds (BND) right away. Use tax-exempt in taxable accounts and some short term bonds if you're very worried about interest rates. I'd try to keep it under 5 invest...
by inbox788
Mon Apr 24, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 1782

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

Just a quick anecdote...I, along with a few of my coworkers, will move chunks of money in and out of company stock in our 401Ks (I have been very successful at this but rarely do it any more because the stock price keeps rising and because I'm becoming more bogelheaded). The price of our stock is d...
by inbox788
Mon Apr 24, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice needed please
Replies: 4
Views: 372

Re: Portfolio advice needed please

Musculus wrote:Vanguard Institutional Index (VINIX) (0.04)
VG Total International Admiral (VTIAX) (0.11)

I would try to keep to these in the 401k. Add some VTSMX and small/mid caps in the Roth. Also, find some low cost bonds in Roth or use muni's in taxable.
by inbox788
Sun Apr 23, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help a 36 Yr Old With $7m+ Portfolio
Replies: 83
Views: 14582

Re: Please Help a 36 Yr Old With $7m+ Portfolio

mortfree - Thanks. My businesses have now become passive and are on auto pilot (run by managers) and should generate at least $1-1.5m to me this year so I would like to turn my attention to optimizing my assets now that I have serious time to devote to it. I didn't see what industries your business...
by inbox788
Sun Apr 23, 2017 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest now for child's downpayment 20y years hence?
Replies: 5
Views: 697

Re: How to invest now for child's downpayment 20y years hence?

You can expect most young adults begin in low tax bracket, but by 30, it's possible the child is also in a higher tax bracket. Still, I think the way to go if you're going through the trouble is to put it in the childs trust and do tax gain harvesting. Sounds like financial aid isn't going to be muc...
by inbox788
Sun Apr 23, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: 2017 hedge fund contest
Replies: 164
Views: 12447

Re: 2017 hedge fund contest

We might have to revoke your math degree there, trueblueky. 2^6 is 64, and we have 28 entries with a full slate (and 64 in total, the top line is the header). My math says the chances of at least one fund having all winners given a 50% chance for each stock and independent stocks is 1-(1-0.5^6)^28 ...
by inbox788
Sun Apr 23, 2017 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Analysis Paralysis - Extended Market
Replies: 7
Views: 945

Re: Analysis Paralysis - Extended Market

I'll echo what some people have already said. Analysis Paralysis can be a bad thing if you're in a bad place, say all cash or in expensive active funds. In you case, you're in a good place, so doing nothing is actually a good thing. In fact, doing something (i.e. the wrong thing) might actually be b...
by inbox788
Sat Apr 22, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Timing Assets Within Your Portfolio
Replies: 14
Views: 1279

Re: Timing Assets Within Your Portfolio

I believe that some light timing is a fun hobby.... My rationale is if I think about my AA and I can justify anything from 70:30 to 100:0, then I am allowed to slew between those limits without remorse. If I'm at 70:30, and the market booms (when I thought it might bust) I tell myself that I might ...
by inbox788
Sat Apr 22, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6227

Re: Did anything surprise you in your 2016 taxes?

This was the first year I had to file a form 1116. What suprised me was the degree to which you have to put a whole bunch of numbers on the form that had no impact on the credit. Seems like they need to bump up the threshold at which you need to file the form. Dammed if you do, dammed if you don't!...
by inbox788
Sat Apr 22, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel my whole life policy?
Replies: 43
Views: 3924

Re: Should I cancel my whole life policy?

The advisor may have been thinking about borrowing against this policy later or taking distributions tax free once the cash value builds up. And whole life does not expire. So it is not as bad as it seems. You can go back to this advisor and ask him about these questions. It must have had some bene...
by inbox788
Sat Apr 22, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: job change early retirement health insurance question
Replies: 6
Views: 777

Re: job change early retirement health insurance question

Thanks for the helpful responses. I will have to check if having other insurance disqualifies me from continuing the retiree health insurance. I don't think so because it's not a subsidized plan and quite expensive, similar to Cobra. The main attraction is the continuation to fill in the gap years. ...
by inbox788
Sat Apr 22, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Rent versus Buy in NYC
Replies: 14
Views: 1746

Re: Rent versus Buy in NYC

I think you're replying to OP right? Also it would be very challenging to find properties in the NYC area that generate 10K gross on a $1mm acquisition (8.3x rent roll multiple). Both. Just adding some numbers and valuation to the discussion. Yes, not likely NYC again (and that $1M doesn't have to ...
by inbox788
Fri Apr 21, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 11377

Re: Do you have an umbrella policy?

A while back, I got some quotes, but they varied widely the information requested as well as the pricing. Some about $100/$1M and some 3 times the cost so I didn't sign up at the time. I even recall an argument with a rep about why I was inquiring about higher coverage amounts. Was very strange to m...
by inbox788
Fri Apr 21, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: How much to pay a housekeeper?
Replies: 23
Views: 2587

Re: How much to pay a housekeeper?

How confusing. Never thought about a housekeeper as anything but a cleaning service, even if they were given supplies and equipment. That's sure a can of worms. I don't think we're talking about a full time person, and if someone did 2-3 homes a day, they'd potentially have more than a dozen employe...
by inbox788
Fri Apr 21, 2017 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Differential aggressiveness for ROTH vs 401K
Replies: 31
Views: 2277

Re: Differential aggressiveness for ROTH vs 401K

I've been putting international into Roth thinking it has the biggest risk and potential to outperform in the long run, but that's been a mistake. I'm considering going 50/50 us/international and just giving up on any outperformance expectations.
by inbox788
Fri Apr 21, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: CPA or TurboTax
Replies: 18
Views: 1362

Re: CPA or TurboTax

I used to use TurboTax, but things got a little complicated so I got an accountant. It's probably not necessary now that I've gotten things under control and I'm actively trying to simplify things, but I like the 2nd pair of eyes. Still, I've caught more problems and errors myself, and there are som...
by inbox788
Fri Apr 21, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rent versus Buy in NYC
Replies: 14
Views: 1746

Re: Rent versus Buy in NYC

I'm assuming the property you purchase can be rented out for $4k? 1) What's the purchase price? around $1.1mm? 2) What's the maintenance fee like? around 2 dollars a foot? so between $1200 to $1500 a month? I just priced out a similar property (not NYC) and got about 5% IRR after first 2 years nega...
by inbox788
Fri Apr 21, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: job change early retirement health insurance question
Replies: 6
Views: 777

job change early retirement health insurance question

I'm looking into a job change and considering the impact to early retirement (55-60) health insurance options. Cobra only seems to take care of short term (18 months). ACA may be helpful if no changes. Aside from the individual market and some suggestions previously discussed, there doesn't seem to ...
by inbox788
Fri Apr 21, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 2694

Re: What To Do With My Car While in NYC

I'd be more worried that the car would not get any exercise in all that time. That's the real problem. Get a friend you trust to drive it around at least once a week (twice is better) and offer him something for his trouble. Millions of snowbirds leave their cars sitting for six months at a time wi...
by inbox788
Fri Apr 21, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: How inefficient is it to hold Total Bond Index in a taxable account?
Replies: 34
Views: 4024

Re: How inefficient is it to hold Total Bond Index in a taxable account?

Which one is better depends on yields, not on the fact that "bonds are likely to languish in a rising interest rate environment." Depending on your tax bracket, and on whether your mortgage is at a low fixed rate, it may be better to pay down the mortgage or to buy a municipal bond. Eithe...
by inbox788
Thu Apr 20, 2017 8:25 pm
Forum: Personal Consumer Issues
Topic: What To Do With My Car While in NYC
Replies: 32
Views: 2694

Re: What To Do With My Car While in NYC

Ideally, you'd rent it out to someone who needed it exactly the period you don't. You'd make some money instead of taking a loss. Or you could rent it out for less than market value, which would be a win/win for both of you. Unfortunately, finding someone like that is like finding a needle in a hays...
by inbox788
Thu Apr 20, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Return Fraud at Big Box and "The Retail Equation"
Replies: 19
Views: 2348

Re: Return Fraud at Big Box and "The Retail Equation"

Did you lose points? Did the store replace them? It's small potatoes, but I can see how that can become meaningful if the practice is widespread. Since the store may benefit from the activity, I can see why they're dragging their feet. You're dealing with a big dysfunctional corporation and the &quo...
by inbox788
Thu Apr 20, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Pension option-Should I include child?
Replies: 33
Views: 2010

Re: Pension option-Should I include child?

From an accturially standpoint it's amazing! Can't believe they offer that good of a deal. Just teach your child it might disappear if state funding models change. I might not tell the child until you are older/sick IMO, it's not that amazing, and I'm not sure it's that great a deal. A 60 year old ...
by inbox788
Thu Apr 20, 2017 2:26 am
Forum: Personal Finance (Not Investing)
Topic: I will pay off mortgage at 40. What next?
Replies: 22
Views: 2506

Re: I will pay off mortgage at 40. What next?

That's great not to have a mortgage at such a young age. You're doing well for yourself. What is not clear is whether you're in a low cost of living area or high cost of living area and whether the home is $150k vs $750k. How old were you when you bought the home? I'm assuming you were around 25-30,...
by inbox788
Wed Apr 19, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: $6000 in Roth IRA; how to invest
Replies: 7
Views: 809

Re: $6000 in Roth IRA; how to invest

I'd start with putting it all in VTSMX today. It doesn't really matter what you do, just do it. Anything with 80-100% equities that is low cost and diversified is adequate. Invest it all now or soon, and keep dollar cost averaging more each month. When you have 25-50k, worry about doing the 3 fund p...
by inbox788
Wed Apr 19, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Timing Assets Within Your Portfolio
Replies: 14
Views: 1279

Re: Timing Assets Within Your Portfolio

Doing it with a small amount of your portfolio isn't going to yield any significant difference. Not worth doing small IMO.
Go big or go home!
I wouldn't do it, but hey, it's your retirement.
by inbox788
Wed Apr 19, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Selling Mutual Fund shares - watch ETF prices at 3:45pm?
Replies: 19
Views: 1782

Re: Selling Mutual Fund shares - watch ETF prices at 3:45pm?

As others say, watching quotes to decide to sell or not sell makes no sense. Why are you selling anyway? Just learning. Wondering if mutual fund investors hold-off orders until near the end of the day. You don't have to wait until 3:45. Most days trade under 1% change and some days are very flat, n...
by inbox788
Wed Apr 19, 2017 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Adult child lack of availability at tax time.
Replies: 24
Views: 1846

Re: Adult child lack of availability at tax time.

If the adult child is irresponsible and acting like a child, leave em alone and the IRS will give him or a her a good kick in the pants. Hopefully they will learn their lesson. If the adult child is having other issues, there's a wide gap to guardianship. It's a very difficult situation to see someo...
by inbox788
Wed Apr 19, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance to 15 Yr Mortgage
Replies: 7
Views: 904

Re: Refinance to 15 Yr Mortgage

Cost too high. ROI too long. Look for a zero cost refi or minimal cost.
by inbox788
Wed Apr 19, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Skip ESPP? - 5% discount on fix date with holding period of 6 months
Replies: 37
Views: 2313

Re: Skip ESPP? - 5% discount on fix date with holding period of 6 months

Using the $107,000 salary/$4,000 ESPP per quarter example listed previously, another way to ask this question is: "Am I comfortable holding $8k worth of company stock for the duration of my employment, in exchange for $170/quarter of free money?" My company's stock tracks the S&P 500 ...
by inbox788
Wed Apr 19, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 1954

Re: Should I bother with a 401k at present?

1) Yes, up to the match! I agree with those saying don't pass up free money. 2) As far as priority, emergency fund can wait IMO. Having so much debt is an emergency that has to be remedied, especially if the rate is high like credit cards. Pay down high rates, and refinance to lower manageable rates...
by inbox788
Wed Apr 19, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: To refinance or not?
Replies: 11
Views: 822

Re: To refinance or not?

It all depends. In 7 years, will you have moved or be moving? Or are you staying the whole 30 years? Will you still owe $400k or will you have paid down additional principal? Do you want a 23 year remaining loan at 4% or market rates in 2024? At a cost of $20k in extra interest? If interest rates in...
by inbox788
Wed Apr 19, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: To put 5k into my car loan or just keep it...
Replies: 41
Views: 2275

Re: To put 5k into my car loan or just keep it...

That said, if your goal is to keep the car, then get rid of that car debt. It serves you no good whatsoever and having money in a side account earning almost nothing that could be used to pay off that 3% debt is even more silly. If you had those funds invested in VTSAX with a long-term growth poten...
by inbox788
Wed Apr 19, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Tesla Model 3 or Chevy Bolt?
Replies: 196
Views: 15313

Re: Tesla Model 3 or Chevy Bolt?

Well, this would make perfect sense if EVs were not a moving target. The electric range per cost of electric cars has been improving exponentially since they were introduced, by about 10-15% per year in my estimation. Last year's LEAF costs a little less than the median new car in the US (much less...
by inbox788
Wed Apr 19, 2017 10:22 am
Forum: Personal Consumer Issues
Topic: How to make best use of lunch with the company president/CEO?
Replies: 55
Views: 4956

Re: How to make best use of lunch with the company president/CEO?

This would make a great opportunity to lobby for a better 401(k) . On a serious note, consider what you can say to help your career, not improve some process. This! And improving the 401k isn't a bad idea either, seriously. I would guess that the boss has a number of these throughout the year and q...
by inbox788
Wed Apr 19, 2017 2:55 am
Forum: Personal Consumer Issues
Topic: Should I purchase Apple Care for my new Apple Watch?
Replies: 25
Views: 1669

Re: Should I purchase Apple Care for my new Apple Watch?

Use a credit card to double the warranty. The watch will be obsolete soon. Save the extended warranty fee for the next watch.
by inbox788
Tue Apr 18, 2017 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable Account (High Tax Bracket)?
Replies: 23
Views: 2178

Re: Bonds in Taxable Account (High Tax Bracket)?

Is there a study that shows the difference? The nominal tax-exempt returns are quite a bit lower, and after tax adjustment don't seem to be that different. Anyway, I'm starting to accept that the tax-exempt approach is the way to go, even if the evidence isn't there. My answer that this person shou...
by inbox788
Tue Apr 18, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds in Taxable Account (High Tax Bracket)?
Replies: 23
Views: 2178

Re: Bonds in Taxable Account (High Tax Bracket)?

In the higher tax brackets, if you must or choose to hold bonds in taxable, those bonds should be tax-exempt. This is because you make more money. If you are at Vanguard, I'd probably hold half in the CA intermediate term tax-exempt fund and half in the national intermediate term tax-exempt fund. O...
by inbox788
Tue Apr 18, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6227

Re: Did anything surprise you in your 2016 taxes?

My speculative investments made nearly zero the first 6 months, but had big gains in the 4th quarter. I made estimated payments in Q4, but only enough to get to 90% of taxes due. But apparently my accountant thinks I owe some penalties because the estimated payments weren't even throughout the year...
by inbox788
Tue Apr 18, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did anything surprise you in your 2016 taxes?
Replies: 82
Views: 6227

Re: Did anything surprise you in your 2016 taxes?

My speculative investments made nearly zero the first 6 months, but had big gains in the 4th quarter. I made estimated payments in Q4, but only enough to get to 90% of taxes due. But apparently my accountant thinks I owe some penalties because the estimated payments weren't even throughout the year....
by inbox788
Tue Apr 18, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Investors backing off their equity AA primarily due to 8-year bull market?
Replies: 56
Views: 4474

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

I haven't been following market news. Is there a growing trend of investors backing off their equity AA, stopping auto-investment in equity or even selling equity shares, primarily because of the 8-year bull market? Not because they are needing the money anytime soon. I've backed off, but that was ...
by inbox788
Tue Apr 18, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: $10 withdrawal by the IRS?
Replies: 17
Views: 1712

Re: $10 withdrawal by the IRS?

Looks suspicious. It's tax time, and the fraudsters are out there, so coincidence may be possible, so keep your eye out for additional such withdrawals. It might be the test withdrawal before they begin to drain your account. On the other hand, it could be the IRS. How much was your estimated paymen...
by inbox788
Tue Apr 18, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2478

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

The advantage to 75% survival benefits is slightly more play money for me and my wife to enjoy together. Could amount to an extra fun 2 week vacation every year to enjoy our remaining time together. I am also planning on waiting to 70 before I take SS, and this extra money could help reduce any wit...

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