Search found 65 matches

by rhodnius
Mon Feb 26, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Actual market weighting is roughly 80% S&P 500, 20% rest of the market. If you convert your 401k VITPX and Roth VTSAX to mid/small caps, that gives you pretty close to 50/50 weighting between S&P 500 and the rest of the market. That's a massive tilt, and I don't think it makes sense. Here's what I ...
by rhodnius
Thu Feb 22, 2018 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Switching to VMMXX doesn't make sense since you can't predict when TLH will be useful and the restrictions apply 30 days in both directions. You're likely to lose more by being out of the market than you would ever save by TLH. None of those funds makes a good equity alternative to VITPX. I guess i...
by rhodnius
Wed Feb 21, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Post the full list of available funds in the 401k, maybe one of us can find something that will work. Hi gostars! Thank you for your reply. Here are the funds available (I excluded the target date funds) Core: VITPX VMMXX VSIAX VTSNX VBMPX Actively managed: ANAZX PIMIX TPLGX VDIGX VEIRX VEXRX VAIPX...
by rhodnius
Mon Feb 19, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Since you have S&P 500 funds in so many places, I would leave that completely out of the TLH equation, and exchange the VITPX in the 401k for whatever S&P 500 fund is available. This leaves you free to TLH VTSAX in taxable with VLCAX. If you need a third partner, consider an ETF instead. ITOT and S...
by rhodnius
Mon Feb 19, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Can anybody give me their opinion on this one because it seems like I have not gotten a clear answer yet. I'll be switching the 2 Roth IRAs to small and mid caps for sure since it currently has VTSAX. But let's say I'm going to err on the safe side and consider my 401k/403b/457b and HSAs as a potent...
by rhodnius
Mon Feb 19, 2018 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

I hope they make the laws clear regarding 401k/403b/457b/HSAs and wash sale like how congress just blessed Roth IRAs for everyone including high-income folks doing Backdoor Roth IRAs. https://www.forbes.com/sites/ashleaebeling/2018/01/22/congress-blesses-roth-iras-for-everyone-even-the-well-paid/#68...
by rhodnius
Sun Feb 18, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

... and they did not mention that VITPX could affect TLH VTSAX. How would we even know that? You didn't tell us what VITPX was (see my first post in this thread). Sorry, about that. VITPX is Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares. Per Nate79,is it true that "...
by rhodnius
Sun Feb 18, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

You have taxable and Roth IRA to worry about. Shouldn't be too hard to avoid wash sale in these accounts. My TLH partners in my taxable will be VLCAX and VFIAX. Some clarifications: livesoft mentioned VINIX & VIIIX will not wash with VTSAX nor VLCAX. Let us say I TLH VTSAX & exchange it to VLCAX an...
by rhodnius
Sun Feb 18, 2018 3:57 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

The mere presence of a fund does not affect TLH. Only purchases within 30 days on either side of the harvest do. Purchases include new contributions, exchanges from other funds, and reinvested dividends. VITPX is the Institutional Plus fund that also tracks CRSP US Total Market Index. As I understa...
by rhodnius
Sun Feb 18, 2018 2:58 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

You have taxable and Roth IRA to worry about. Shouldn't be too hard to avoid wash sale in these accounts. My TLH partners in my taxable will be VLCAX and VFIAX. Some clarifications: livesoft mentioned VINIX & VIIIX will not wash with VTSAX nor VLCAX. Let us say I TLH VTSAX & exchange it to VLCAX an...
by rhodnius
Sun Feb 18, 2018 2:39 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

I don't think you need to do that. Just don't buy any VTSAX and VTIAX in your tax advantaged accounts until 31 days have passed since you TLH. And hopefully you haven't bought any of those two in the last 30 days. The next dividend for those two funds is the end of March, so you shouldn't need to w...
by rhodnius
Sat Feb 17, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

rkhusky has the right idea. You only have 2 funds in taxable and there is only overlap with your Roth IRAs. So all those other accounts will not have a chance to interfere with tax-loss harvesting anyways. Since you explicitly control your Roth IRAs, you can easily avoid any wash sales in taxable. ...
by rhodnius
Sat Feb 17, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Re: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

I'm sorry but dollar amounts mean almost nothing to me. Can you convert everything to percentages and list the percent first on a line? Also those ticker symbols are not understood. Somebody else may want expense ratios added, too. Your VTSAX: 428,118 ... should be NN% VTSAX Vanguard Total Stock Ma...
by rhodnius
Sat Feb 17, 2018 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH
Replies: 32
Views: 1861

Switching Total Domestic/Large Cap to Small/Mid Cap in Tax-Advantaged Accounts for TLH

Hi, We need a 2nd opinion. We're planning to TLH total domestic & large cap . We currently use the 3 fund portfolio with some accounts approximating the total domestic stock. The funds are scattered in different accounts with the amounts below. Our current & desired AA is 80/20 stock to bond (56% Do...
by rhodnius
Sat Jan 20, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Hello fellow Bogleheads, We need advice on opening a taxable account with Vanguard. This question is mostly for asset protection. We live in Michigan. Should we open it as joint with tenants by the entirety or a trust account? If with joint with tenants by the entirety (both spouses), how do we des...
by rhodnius
Sat Jan 20, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Our lawyer told us to fund the trust by designating the trust as the beneficiary in our retirement accounts is the trust the primary or the secondary beneficiary of your retirement accounts? thank you If you have a spouse and kids or grandkids, you probably want to consider having them be the benef...
by rhodnius
Sat Jan 20, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Thanks for your reply. So for your joint taxable account with tenants by the entirety, how do you make sure that the money in the account goes to your intended beneficiaries when you both pass away? Does Vanguard allow you to assign a beneficiary? If you place the account in a trust, the trustee (o...
by rhodnius
Sat Jan 20, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Lieutenant.Columbo wrote:
Sat Jan 20, 2018 9:34 am
rhodnius wrote:
Sat Jan 20, 2018 9:08 am
Our lawyer told us to fund the trust by designating the trust as the beneficiary in our retirement accounts
is the trust the primary or the secondary beneficiary of your retirement accounts? thank you
Hi. The trust is the secondary beneficiary and the spouse is the primary beneficiary.
by rhodnius
Sat Jan 20, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Hello fellow Bogleheads, We need advice on opening a taxable account with Vanguard. This question is mostly for asset protection. We live in Michigan. Should we open it as joint with tenants by the entirety or a trust account? If with joint with tenants by the entirety (both spouses), how do we des...
by rhodnius
Sat Jan 20, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Re: Opening a taxable account in Vanguard Joint vs a Trust account

Hello fellow Bogleheads, We need advice on opening a taxable account with Vanguard. This question is mostly for asset protection. We live in Michigan. Should we open it as joint with tenants by the entirety or a trust account? If with joint with tenants by the entirety (both spouses), how do we des...
by rhodnius
Sat Jan 20, 2018 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Opening a taxable account in Vanguard Joint vs a Trust account
Replies: 23
Views: 1562

Opening a taxable account in Vanguard Joint vs a Trust account

Hello fellow Bogleheads, We need advice on opening a taxable account with Vanguard. This question is mostly for asset protection. We live in Michigan. Should we open it as joint with tenants by the entirety or a trust account? If with joint with tenants by the entirety (both spouses), how do we desi...
by rhodnius
Fri Dec 01, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

Re: How to invest our extra income?

chevca wrote:
Thu Nov 30, 2017 10:54 am
Any plans to buy a house/save for a down payment?

If not, do as they said above.
Not at the moment. Thank you for your input!
by rhodnius
Thu Nov 30, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

Re: How to invest our extra income?

Do you have any debt you could apply the extra cash to, including mortgage? Have you considered I-Bonds? If you have less than 30 years until retirement you could defer taxes until then by waiting to cash them. They should about keep up with inflation. Some use for emergency fund (after holding 1 y...
by rhodnius
Thu Nov 30, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

Re: How to invest our extra income?

Hello fellow Bogleheads! We have an investing dilemma. Here's our situation: We have a $45k emergency fund in our bank account and we fully maximize our retirement accounts every year (403b, 457b, Roth 401k, backdoor Roth IRAs and HSA). In the beginning of the year we front load our backdoor Roth I...
by rhodnius
Thu Nov 30, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

Re: How to invest our extra income?

guitarguy wrote:
Thu Nov 30, 2017 8:58 am
Invest in TSM in a taxable account and adjust your AA for more bonds in the tax deferred accounts to realign things.

Or, if you have debt, paying that down would be an option too.

:beer
Thank you for your input! =)
by rhodnius
Thu Nov 30, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

Re: How to invest our extra income?

Tamarind wrote:
Thu Nov 30, 2017 8:42 am
I would suggest you invest it in taxable (100% stocks) and adjust your AA in your retirement accounts to offset with more bonds. No need for munis yet.
Thank you for your input! =)
by rhodnius
Thu Nov 30, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: How to invest our extra income?
Replies: 12
Views: 1019

How to invest our extra income?

Hello fellow Bogleheads! We have an investing dilemma. Here's our situation: We have a $45k emergency fund in our bank account and we fully maximize our retirement accounts every year (403b, 457b, Roth 401k, backdoor Roth IRAs and HSA). In the beginning of the year we front load our backdoor Roth IR...
by rhodnius
Thu Oct 26, 2017 2:07 am
Forum: Investing - Theory, News & General
Topic: AIEQ AI Powered Equity ETF
Replies: 9
Views: 972

AIEQ AI Powered Equity ETF

Hello fellow Bogleheads! What do you think about the new AI Powered Equity ETF? The company behind the new ETF (AIEQ) claims their technology can "process over 1 million pieces of information a day—including earnings releases, economic data, consumer trends, industry developments, and headline news—...
by rhodnius
Sat May 20, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1411

Re: What do you think about this asset allocation?

Our number is around $5M and our portfolio is now $1,138,137. Based on Personal Capital's retirement planner, if we maintain this asset allocation it would grow to $7,737,298 in an average market and $5,016,612 in a poor market and can actually achieve this by age 52. I don't know what Personal Cap...
by rhodnius
Sat May 20, 2017 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1411

Re: What do you think about this asset allocation?

Because you are talking about early retirement, I would be more conservative. What do you consider to be your "number" that you are seeking to hit by 55? Start from there and work backwards. What is the most conservative path you can take that can get you to that number? It looks like you need $1M ...
by rhodnius
Sat May 20, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1411

Re: What do you think about this asset allocation?

So generally speaking, I would note there is a good argument for being at minimum high-volatility investments not at the end of your life, but rather around the time you retire. This is the "U-Shaped" theory, and it is based on the observation that volatility is most dangerous to the long-term succ...
by rhodnius
Fri May 19, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: What do you think about this asset allocation?
Replies: 12
Views: 1411

What do you think about this asset allocation?

Hello Bogleheads! What do you think of this asset allocation for us given our financial details below. Is this too aggressive given our retirement age? Not sure if some info are relevant but including them just in case others might ask for analysis. Thanks! http://cdn.financialsamurai.com/wp-content...
by rhodnius
Mon Apr 24, 2017 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Automatic Increase Benefit Rider
Replies: 3
Views: 652

Re: Automatic Increase Benefit Rider

As long as your income is increasing, I'd take the increases in coverage and premium. Look forward to the day that you give up disability coverage because your portfolio is strong enough to cover you instead! Hi LeeMKE! Thanks for the reply. I appreciate it.I will opt-in the automatic increase bene...
by rhodnius
Thu Apr 20, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Automatic Increase Benefit Rider
Replies: 3
Views: 652

Automatic Increase Benefit Rider

Hello fellow Bogleheads! I have an individual disability insurance with MetLife and through my work (group long term disability which pays 60% of monthly earnings.Not to exceed $15,000/month). I received a mail from MetLife about my Automatic Increase Benefit Rider which will increase my monthly ben...
by rhodnius
Tue Mar 28, 2017 3:12 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

OP - did you check line 32 on your 1040 for 2014 (or 2013 if contributions was for 2013) to verify that you did not receive a deduction on the contribution? 33% tax bracket is indicative of no deduction when you are a participant in an employer plan, but perhaps you were are not a participant. If y...
by rhodnius
Tue Mar 28, 2017 2:44 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

There was no 8606. What it says on my 1040 line 15b Taxable amount is 5,500. A roth conversion should have been reported using Form 8606, but I think we have seen this before - your tax preparer skipped the form and just made sure the income was entered on 15b. Is it normal to have a 5498 stating I...
by rhodnius
Sun Mar 26, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

I think it was my mistake since he was not really a CPA after googling his name. I did mention to him about contributing to a non-deductible IRA and converting it but during that time, he was not understanding it and had not heard about Backdoor Roths either. This is quite common. Now I want to und...
by rhodnius
Sun Mar 26, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Depending on what you told the CPA, this might actually be your mistake. We've seen multiple cases in the past where the tax-preparer did not ask and the client did not say "I made a non-deductible contribution to tIRA for this tax year." If you did not supply that information, the CPA would not en...
by rhodnius
Sun Mar 26, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

Re: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

You lost 33% of the $5500, which is $1815. And since this was the CPA's mistake, you shouldn't be charged an extra fee for fixing it if you need the CPA to file the amended return. (You can also do it yourself.) Thank you for your reply Grabiner! Is there a resource on how to do it step by step? Wh...
by rhodnius
Sun Mar 26, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion
Replies: 27
Views: 2762

CPA failed to file an 8606 on a 2014 backdoor Roth IRA conversion

Hello Bogleheads,

In 2014 I did a backdoor Roth conversion ($5500). My accountant failed to file an 8606 and as a result I was taxed twice. My tax bracket is at 33%. How much money did I lose? Is it worth it to submit an 8606 and file an amended 1040 to get back the money I lost?

Thanks
by rhodnius
Wed Feb 15, 2017 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 2349

Re: Permanent Life Insurance

Hello, Let me begin by saying: Happy Valentine's Day! Lots of very helpful information and I truly appreciate them. I did change their names for identity protection purposes. Both live in Michigan. I don't know the coverage amount and the limits to the protection. I'm also not sure how the insurance...
by rhodnius
Mon Feb 13, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance
Replies: 16
Views: 2349

Permanent Life Insurance

Hello fellow Bogleheads, My friend and his wife have been sold 2 permanent life insurances by an insurance agent. They pay around $700+ and $900+ each per month. He wants a Boglehead analysis of the email that was sent to him to convince him to drop them and just get a term life insurance instead. T...
by rhodnius
Thu Jan 19, 2017 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 1002

Re: Value averaging

I keep flirting with value averaging. I can see how the math works out. However, the biggest advantage of DCA is behavioral. I can automate it and tune out of the market when things go south. With VA, I'm constantly making a decision how much to invest. The more I have to make a decision, the more ...
by rhodnius
Thu Jan 19, 2017 12:21 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 1002

Re: Value averaging

Bernstein wrote the intro to the edition I have https://www.bogleheads.org/forum/viewtopic.php?t=52825 Multiple other threads and articles on it Thanks for the reply and link! I've been reading some of them. I guess it's not very popular among the bogleheads since it's more complicated than just do...
by rhodnius
Wed Jan 18, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Value averaging
Replies: 7
Views: 1002

Value averaging

Hello fellow Bogleheads, Does anyone here practice value averaging? My spouse read a book on value averaging by Michael Edleson and we are thinking on applying it to our investment strategy. Any of the Bogleheads using this approach? What are your thoughts? Is it better than dollar cost averaging? I...
by rhodnius
Tue Jan 17, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5824

Re: My co-worker boasting about his investments. What do you think about his selections?

Hello, I have a colleague who is boasting about his investment picks. He even shared to me what investments he has. Can anyone comment on his selections? I will copy and paste what he sent to me below: -------------------------------------------------------------your shirt Never talk about specific...
by rhodnius
Tue Jan 17, 2017 7:00 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5824

Re: My co-worker boasting about his investments. What do you think about his selections?

smartinwate wrote:
rhodnius wrote: Quite accurate. Whenever he talks about his "picks", he's proud on how big the dividends are.
Next time he does, ask him whether they're qualified, whether he's paying tax on them, and whether they are affecting his tax bracket.
Will do =)
by rhodnius
Tue Jan 17, 2017 3:50 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5824

Re: My co-worker boasting about his investments. What do you think about his selections?

A little bit of knowledge is a dangerous thing. Even if your goal was to make wildly speculative bets on individual sectors, there are better ways to go about it than monkeying around with ultra-short ETF's (e.g., multi-leg options). This guy sounds like he spends his time chasing "hunches" and div...
by rhodnius
Tue Jan 17, 2017 3:47 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5824

Re: My co-worker boasting about his investments. What do you think about his selections?

IIRC, Andrew Tobias, in his book The Only Investment Guide You'll Ever Need , has an appendix where he offers some witty cocktail-party lines that you can use when talking about your investments with folks such as the OP's friend. (Unfortunately I can't find my copy of the book). Good investing is ...
by rhodnius
Tue Jan 17, 2017 3:46 am
Forum: Investing - Help with Personal Investments
Topic: My co-worker boasting about his investments. What do you think about his selections?
Replies: 57
Views: 5824

Re: My co-worker boasting about his investments. What do you think about his selections?

Very exciting portfolio. You can make a month's worth of blog posts and CNBC series based off of this single post. Exciting is usually bad for investing. Someone once said to me, "the long term return of a portfolio is inversely proportional to the entertainment value it provides along the way". If...