Search found 994 matches

by minesweep
Mon May 23, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to pull $150K from 401K and use it for "investment" land purchase
Replies: 11
Views: 1222

Re: Is it possible to pull $150K from 401K and use it for "investment" land purchase

I've been wanting to pull around $150 out of my 401K investment account and use it to purchase land I'd like to develop for such things as chestnut, walnut, and pecan production. Is there a way to do this without paying a penalty on the 401K withdrawal? I live in Oklahoma if that matters. Thank you...
by minesweep
Sun May 22, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Still double checking bank checkbook math?
Replies: 46
Views: 2319

Re: Still double checking bank checkbook math?

I keep my checkbook on an Excel spreadsheet and generally double check. The bank does not seem to make mistakes though from time to time I do (forgetting to enter data). Me too. I use cell colors to indicate completed transactions and reconciled balance. Now that transactions (check charges and dep...
by minesweep
Sat May 21, 2016 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Vg Prime MM Fund vs. VG Ultra ST Bond Fund
Replies: 23
Views: 1543

Re: Vg Prime MM Fund vs. VG Ultra ST Bond Fund

If you were of a mindset you could open an online savings account at Ally Bank ( I did). The current yield is 1%. No volatility to worry about and you receive an interest rate that's comparable to WUSFX.
by minesweep
Sat May 21, 2016 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Vg Prime MM Fund vs. VG Ultra ST Bond Fund
Replies: 23
Views: 1543

Re: Vg Prime MM Fund vs. VG Ultra ST Bond Fund

Although short-term bond funds tend to have a higher yield than money market funds, their share price fluctuates. Because the Ultra-Short-Term Bond Fund will subject investors to principal risk, the fund shouldn’t be viewed as a substitute for a money market fund. Additionally, increases in interes...
by minesweep
Sat May 21, 2016 7:40 am
Forum: Investing - Theory, News & General
Topic: Carl Icahn Is Betting Big on a Stock Market Crash
Replies: 32
Views: 7047

Re: Carl Icahn Is Betting Big on a Stock Market Crash

What’s the likelihood the stock market this year will experience a 1987- or 1929-style crash? Evidently quite high, according to billionaire investor Carl Icahn. His net equity position as of the end of March was 150% short—a very aggressive bet that the stock market will plunge. Nor is Icahn alone...
by minesweep
Sun May 15, 2016 11:26 am
Forum: Investing - Help with Personal Investments
Topic: REIT investment
Replies: 27
Views: 2813

Re: REIT investment

As long as you're not performance chasing REIT's then go for it. I have owned them in the past but I don’t have any room for them in my tax advantaged space (71 % of my portfolio is taxable). They have outperformed so if the worm turns will you have the stomach to stay invested for the long haul. As...
by minesweep
Sat Apr 30, 2016 2:25 pm
Forum: Investing - Theory, News & General
Topic: Selling in May and Walking Away?
Replies: 105
Views: 8113

Re: Selling in May and Walking Away?

You may have hell to pay if you sell in May. Come December you may be shouting: “Mayday, Mayday, Mayday”.
by minesweep
Wed Apr 20, 2016 12:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 2901
Views: 621225

Re: U.S. stocks in freefall

Sometimes there are so many warning flags waving that you have to pay attention, other times not so much. Now is a time where technical analysis, and economic logic are screaming, hey, it's June, the ice is melting but you're still standing in the middle of the lake like it's mid winter. I never wa...
by minesweep
Wed Apr 13, 2016 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: 40 year old New Investor with $1,000,000 + in invest
Replies: 27
Views: 4601

Re: 40 year old New Investor with $1,000,000 + in invest

The enemy of a good plan is the perfect plan. You are suffering the paralysis of analysis. Do SOMETHING. Pick an Asset allocation. Pick a timeframe (less than 2 years) and dollar-cost-average into your selected allocation every month. Otherwise you will still be sitting here in 6 months, trying to ...
by minesweep
Wed Apr 06, 2016 5:46 pm
Forum: Investing - Help with Personal Investments
Topic: Investing during recession
Replies: 32
Views: 2528

Re: Investing during recession

Deleted post.
by minesweep
Wed Mar 30, 2016 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Please help a newer investor
Replies: 15
Views: 815

Re: Please help a newer investor

2) Asset Allocation: I've read a decent number of books to come up with my proposed asset allocation. I know I'm a little off my goals currently, and plan to rebalance as new funds come in. I sacrificed international stocks to be able to get into admiral shares in my Roth. Are my fund choices good ...
by minesweep
Tue Mar 29, 2016 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a newer investor
Replies: 15
Views: 815

Re: Please help a newer investor

You can contribute $11,000 if the MAGI is $183,000 or less.

Table 2-1. Effect of Modified AGI on Roth IRA Contribution
by minesweep
Tue Mar 29, 2016 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a newer investor
Replies: 15
Views: 815

Re: Please help a newer investor

I like your plan. You did your homework. IRA contributions are also limited by the amount of your earned income. The total amount you can contribute to your IRAs cannot be greater than the amount of your earned income for the year of the contribution. For married couples filing jointly, the earned i...
by minesweep
Tue Mar 29, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: When do I sell????
Replies: 36
Views: 3358

Re: When do I sell????

Some advisors recommend to sell once it goes below -8% to prevent further losses,while others recommend to buy more when it goes under(DVA). Needless to say, I am very confused. I am definitely in it in the long haul and really do like the bogle heads investment philosophy. Stop listening to those ...
by minesweep
Mon Mar 28, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: Anyone else feeling a correction brewing?
Replies: 60
Views: 6320

Re: Anyone else feeling a correction brewing?

Sitting up straight with shoulders back helps prevent hunches.
by minesweep
Mon Mar 28, 2016 8:21 am
Forum: Investing - Theory, News & General
Topic: Are we in a bunny market?
Replies: 13
Views: 2034

Re: Are we in a bunny market?

Are We In A Bunny Market Now? [From Barron's Asia "Asia Stock To Watch" column: We are not in a bull market or a bear market. We are in a bunny market hopping back and forth. Emerging markets managed to rebound from their late January lows but its advance already stalled. In Asian markets...
by minesweep
Wed Mar 23, 2016 12:18 pm
Forum: Investing - Theory, News & General
Topic: ‘Rich Dad’ author says the 2016 market collapse is coming
Replies: 47
Views: 7168

Re: ‘Rich Dad’ author says the 2016 market collapse is coming

“It's tough to make predictions, especially about the future.” - Yogi Berra
by minesweep
Sat Mar 19, 2016 8:50 am
Forum: Investing - Theory, News & General
Topic: Best Online Brokers
Replies: 2
Views: 449

Best Online Brokers

Given the market’s roller-coaster ride since last summer, it’s a wonder that investors’ biggest worry isn’t motion sickness. In an exclusive survey of Barron’s readers in preparation for our 21st annual ranking of the Best Online Brokers, the key worry among nearly 600 respondents was the security ...
by minesweep
Mon Mar 14, 2016 12:32 pm
Forum: Personal Consumer Issues
Topic: Windows 10
Replies: 54
Views: 5298

Re: Windows 10

Thanks Mel!

I neglected to mention that I deleted the scheduled upgrade right away.
by minesweep
Mon Mar 14, 2016 12:14 pm
Forum: Personal Consumer Issues
Topic: Windows 10
Replies: 54
Views: 5298

Windows 10

Several days ago I got a pop up From Microsoft stating that my upgrade to Windows 10 will be installed at a particular time in 2 days (funny I never requested it). I’ve been holding off from doing the upgrade because I was happy with Windows 7 for now. I planned on doing the upgrade near the end of ...
by minesweep
Wed Mar 09, 2016 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring out of company stock
Replies: 25
Views: 1778

Re: Transferring out of company stock

It must be a basic material stock (such as oil and gas).
by minesweep
Wed Mar 09, 2016 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Transferring out of company stock
Replies: 25
Views: 1778

Re: Transferring out of company stock

I vote for selling the individual stock all at once and buying the diversified, very low expense fee (0.02% ) stock mutual fund (VIIIX).
by minesweep
Thu Mar 03, 2016 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 22
Views: 1731

Re: Moving from Edward Jones to Vanguard

I am moving our Traditional IRAs, Roth IRAs and a 529 plan from EJ to Vanguard. I explained to our EJ rep the reasons I wanted to move such as lower fees, low-maintenance, target retirement funds, etc. He did not argue with me about any of that. But he did say that there is some upcoming issue with...
by minesweep
Sun Feb 14, 2016 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: My Dad recently passed away, need help with Mom's finances
Replies: 21
Views: 2200

Re: My Dad recently passed away, need help with Mom's finances

If possible you want your most tax efficient funds in your taxable account and your most tax inefficient funds in your tax deferred account. I did a Morningstar Instant X-Ray of your SEP IRA (that you expressed a desire to switch to Vanguard)) and found that bonds make up only 7% of that account. I...
by minesweep
Sun Feb 14, 2016 9:10 am
Forum: Investing - Theory, News & General
Topic: Should I invest anymore money- Theoretical Question
Replies: 23
Views: 2653

Re: Should I invest anymore money- Theoretical Question

I remember watching that late 1950’s TV series The Millionaire in which a mysterious benefactor gave a total stranger a one million dollar check (today it has been replaced with the real life state lottery) and thinking at the time that a million dollars was a lot of money. Today that million in inf...
by minesweep
Thu Feb 11, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion About Preventing Theft of IRS Tax Data
Replies: 22
Views: 2005

Re: Confusion About Preventing Theft of IRS Tax Data

FelixTheCat wrote:I remember reading an article a few years back that there is a lot of identity theft around tax time. People filing false tax returns to get money from the government.

This is one more reason I don't like waiting to get my money back from the IRS. I'd rather owe them money.
by minesweep
Tue Feb 09, 2016 2:23 pm
Forum: Investing - Theory, News & General
Topic: Staying the course?
Replies: 16
Views: 1186

Re: Staying the course?

I hope the Bee Gees don't mind this parody: Whether you're a brother or whether you're a mother You're stayin' the course, stayin' the course Feel the city breakin' and everybody shakin' And we're stayin' the course, stayin' the course Ah, ha, ha, ha, stayin' the course, stayin' the course Ah, ha, h...
by minesweep
Sat Feb 06, 2016 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: How to behave on a RGD (Really Good Day)?
Replies: 17
Views: 1912

Re: How to behave on a RGD (Really Good Day)?

YttriumNitrate wrote:Really good days and really bad days tend to come in groups. I just ignore them both.

+1
by minesweep
Wed Feb 03, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 7275

Re: What age did you retire

55 years, 10 months (January, 2001). My company made me an offer (early retirement package) that I couldn't refuse.
by minesweep
Thu Jan 28, 2016 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retired & Estimated tax payments ???
Replies: 27
Views: 1353

Re: Retired & Estimated tax payments ???

I used to make estimated quarterly tax payments for federal but in 2015 (the year I turned 70) I stopped doing it and now take my entire federal tax payment out of my RMD in December. I do however still make estimated quarterly payments to the state. I have a pension but I have never had any tax wit...
by minesweep
Wed Jan 27, 2016 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 847

Re: Inheritance and portfolio

Gnirk, Most Bogleheads who are inclined to tilt do so to value and small, not mid cap. The Total Stock Market Index Fund holds 19% mid cap. I did an instant X-Ray at Morningstar using the following symbols: Ally Bank Savings $115,000.00 7.70% - CASH$ PenFed CD ladder $210,000.00 14.06% - CASH$ EE Bo...
by minesweep
Tue Jan 26, 2016 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 847

Re: Inheritance and portfolio

Duplicate post.

I’m not the first one to do a duplicate post, but I could the first one who did it twice in the same posting. Doh!

Mike
by minesweep
Tue Jan 26, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 847

Re: Inheritance and portfolio

Duplicate post.
by minesweep
Tue Jan 26, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance and portfolio
Replies: 7
Views: 847

Re: Inheritance and portfolio

The first thing I would do is a Morningstar Instant X-Ray so that you can find out the composition of your current portfolio's asset allocation (enter cash in instant X-Ray as CASH$). Then I would make adjustments to simplify your portfolio to achieve your desired asset allocation. Exchanging the He...
by minesweep
Sat Jan 23, 2016 10:29 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 100
Views: 7584

Re: What was your % pay raise?

ddunca1944 wrote:
CABob wrote:Social Security benefit was 0.0%. :annoyed



+1
As was my non-cola pension. :(

Ditto!
by minesweep
Tue Jan 19, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: Tomorrows Market Open?
Replies: 37
Views: 5094

Re: Tomorrows Market Open?

scsiguru wrote:Well there's always tomorrow folks. :)

The sun will come out tomorrow
So you gotta hang on
'til tomorrow, come what may!
Tomorrow, tomorrow, I love ya, tomorrow
You're always a day away!

Tomorrow
by minesweep
Sun Jan 03, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: How many streams of income do you have?
Replies: 60
Views: 6252

Re: How many streams of income do you have?

Toons wrote:Pensions
SS
Capital Gains,Dividends,Interest from investments :happy

+1
by minesweep
Sat Jan 02, 2016 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: A dead year, never get it back
Replies: 84
Views: 7800

Re: A dead year, never get it back

2015 has ended. A dead year for most investors and for index investors. It would been better, and maybe prudent, to have scooped all your money out on a day of the higher jumps in the market volatility and sat on it. anytime your index fund is above that figure (2.713%) during the year, you may as ...
by minesweep
Sat Jan 02, 2016 11:57 am
Forum: Personal Finance (Not Investing)
Topic: A dead year, never get it back
Replies: 84
Views: 7800

Re: A dead year, never get it back

If a one year time frame is what one needed money for then one should have been in cash type investments anyway (not stocks).

Mike
by minesweep
Sat Jan 02, 2016 10:18 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST
Replies: 656
Views: 20389

Re: REGISTRATION FOR THE 2016 BOGLEHEAD CONTEST

Staying the course with 2270.97. Maybe those the numbers in my head last year were correct (it was just the year wrong). :)

Mike
by minesweep
Tue Dec 29, 2015 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Premier 2015 (PC Download) 39% Off
Replies: 39
Views: 5407

Re: Turbo Tax Premier 2015 (PC Download) 39% Off

I can't believe people are rushing back into Intuit's arms after the stunt they pulled last year with Deluxe. There are plenty of better options. Fool me once, shame on me...I won't get fooled again Intuit! +1 +2 I just switched to TaxAct Plus Download for 2015. Five federal e-files and one state w...
by minesweep
Thu Dec 17, 2015 7:29 pm
Forum: Investing - Theory, News & General
Topic: Market timing success?
Replies: 17
Views: 1370

Re: Market timing success?

Jack Bogle: "After nearly 50 years in this business, I do not know of anybody who has done market timing successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently."
by minesweep
Sun Dec 06, 2015 12:50 pm
Forum: Investing - Theory, News & General
Topic: Investing and Coworkers
Replies: 57
Views: 6504

Re: Investing and Coworkers

How often do you run into people at your job that do not invest or knows nothing about investing? I work as a nurse and I see so many coworkers not contributing to their employee-sponsored plans, Roth IRA, etc. I worked with a guy several years ago who refused to invest in our company's 401(k) plan...
by minesweep
Fri Nov 20, 2015 10:12 am
Forum: Investing - Theory, News & General
Topic: Wouldn't it be a great idea to buy Norfolk Southern now??!!
Replies: 16
Views: 2190

Re: Wouldn't it be a great idea to buy Norfolk Southern now??!!

Don’t get railroaded.

On the other hand it might be just the ticket and be ready for the fast track. If so, then it’s All Aboard.
by minesweep
Sat Nov 14, 2015 11:12 am
Forum: Investing - Theory, News & General
Topic: My friend is hoarding cash. What do you say?
Replies: 78
Views: 9563

Re: My friend is hoarding cash. What do you say?

This thread reminds me of the book written in '80's entitled, "How to Prosper During the Coming Bad Years?" A multi prong approach hoarding food,clothing, guns, ammo, cash, gold etc if I remember correctly. Can't remember the authors name. I had to laugh at the one customer review comment...

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