Search found 1015 matches

by wolf359
Wed Dec 13, 2017 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Office party secret santa, how to give the gift of investing?
Replies: 17
Views: 686

Re: Office party secret santa, how to give the gift of investing?

How about giving them BitCoin? It's all the rage, you can buy it under the dollar limit, doesn't have paper trail requirements, and it's something that someone who wouldn't buy on their own would probably happily accept. It can be delivered on a cheap USB drive, with the key provided with it, for ph...
by wolf359
Tue Dec 12, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8565

Re: Retire in my early 40s? Crazy or actually doable?

You're getting a lot of good advice, but I wanted to add a different angle. I was looking at your original post, and you have a fully paid off house, and $2 million in taxable accounts. That's a lot of assets. What if someone sues you? Do you have adequate insurance and other liability protection? Y...
by wolf359
Tue Dec 12, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Small cap value vs. total market?
Replies: 38
Views: 2800

Re: Small cap value vs. total market?

WhiteMaxima wrote:
Tue Dec 12, 2017 3:31 pm
What to explain SCV outperform total stock market since 1928. If the reason still exists, then it is not hard to predict it will do the same in the future assuming investor will hold it long enough.
You mean, hold it for 89 years? I don't think I'll live that long <grin>.
by wolf359
Mon Dec 11, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Use HSA money now for high medical expenses?
Replies: 5
Views: 558

Re: Use HSA money now for high medical expenses?

The advantage of the HSA money is that if you save your receipts, you can withdraw the money (get reimbursed) at any time. Any money added to your IRAs has to wait until you are 59 1/2. That makes the HSA money effectively a Roth with no withdrawal limitations (up to the amount of the high medical e...
by wolf359
Mon Dec 11, 2017 9:54 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 42
Views: 3221

Re: Any of you trade just a little as a hobby?

I used to trade momentum stocks before I ran into the tech meltdown. I didn't get just get a haircut. That buzz saw almost took my head off. Now when I'm feeling adventurous, I buy MTUM for my momentum trading. Only, it's not quite trading. I have only made three purchases and have held for more tha...
by wolf359
Mon Dec 11, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do when emergency fund runs out? (IPS)
Replies: 8
Views: 1042

Re: What to do when emergency fund runs out? (IPS)

I'm not retired at this point. I would suspend new contributions (not 401-k) and divert them to the emergency fund. I would also stop reinvesting dividends and interest. If my IPS was already calling for a rebalancing, then I'd use some of the proceeds from that to fund the emergency fund. But I gen...
by wolf359
Wed Dec 06, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Bitcoin & It’s Risks
Replies: 57
Views: 4813

Re: Larry Swedroe: Bitcoin & It’s Risks

I found this article really interesting and the fact that you are own your own when it comes to securely storing your Bitcoins with no recourse if they get stolen should give many people pause. Hopefully some of the big players (Amazon for example) will step up and offer storage. I do find the tech...
by wolf359
Sun Dec 03, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: A " Bond Tent" During the "Retirement Red Zone?"
Replies: 52
Views: 4647

Re: A " Bond Tent" During the "Retirement Red Zone?"

Interesting discussion There is an assumption in the Kitces article that funds are withdrawn in early retirement to maintain a certain living standard. If social security and pension funds will support that standard of living in retirement, does the bond tent strategy still make sense? The Kitces a...
by wolf359
Fri Dec 01, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: retirement strategy
Replies: 24
Views: 2653

Re: retirement strategy

Just retiring. Have about 2.2M invested. So the asset mix suggested to me was 50/50 If I calculate I will need $200,000 over the next 5 years for living expenses would it be smarter to raise my risk and asset mix to 65/35 and just take $200K and put into a cash vehicle to use over the next 5 years....
by wolf359
Tue Nov 21, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26029

Re: Why not take Social Security at 62

If you don't need it, don't take it. The longer you delay the bigger the payout. If you don't need it because you have adequate savings, then treat it as insurance in case something goes wrong with your primary retirement plan. Math no longer applies if the money isn't needed. There are several othe...
by wolf359
Fri Nov 17, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2731

Re: Are actively managed funds that claim to beat the market actually "scams"?

What about index funds that promise to match the market but don't due to high expenses, poor execution, or commissions paid to salespeople? In the case of Rydex at least, it claims the purpose of the fund is to match the performance of index before fees and expenses. I doubt they are pulling up Van...
by wolf359
Fri Nov 17, 2017 11:44 am
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2731

Re: Are actively managed funds that claim to beat the market actually "scams"?

What about index funds that promise to match the market but don't due to high expenses, poor execution, or commissions paid to salespeople? Rydex S&P 500 Index (RYSOX, 1.57%), and Dreyfus S&P 500 Index (PEOPX, 0.5%), I'm looking at you. When the financial industry sees a trend (people are buying mor...
by wolf359
Tue Nov 14, 2017 8:09 pm
Forum: Investing - Theory, News & General
Topic: Uh-oh, small passive won't work
Replies: 4
Views: 1116

Re: Uh-oh, small passive won't work

Actually, I agree with the premise of the article (just not it's conclusion). There actually is a big reduction in the number of stocks being traded (at all levels, not just small caps.) Market capitalization is being very heavily concentrated in a few very large companies. I'm not sure it's good fo...
by wolf359
Mon Nov 13, 2017 8:37 pm
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2731

Re: Are actively managed funds that claim to beat the market actually "scams"?

avalpert's exactly right. If we're just going by the subject of this thread, I think it really should be closed. I'm pretty sure it'd be some type of SEC violation for a fund to claim to be able to beat the market. I'm not aware of a single one that makes that claim, or anything close to it. I know...
by wolf359
Mon Nov 13, 2017 8:26 pm
Forum: Investing - Theory, News & General
Topic: Are actively managed funds that claim to beat the market actually "scams"?
Replies: 29
Views: 2731

Re: Are actively managed funds that claim to beat the market actually "scams"?

Peter Lynch of Fidelity Magellan successfully beat the market and retired on top. The only problem is that it was impossible to predict in advance that he was the fund manager that was going to do it. And most people who saw him do it joined him after he had had his biggest gains (that's what attrac...
by wolf359
Thu Nov 09, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37726

Re: Did you tell anyone you paid off your mortgage?

Secondly, as many have said already, IMHO don't tell anyone (except spouse). I told my spouse, and that was it. I will hold back on the social media. I've told a couple close friends/coworkers and that's it. I'll leave it at that. They're all happy for me. I find it strange how several here have sa...
by wolf359
Tue Nov 07, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Can I install Linux on a 10-year old netbook?
Replies: 16
Views: 669

Re: Can I install Linux on a 10-year old netbook?

Take the opportunity to try out a Chromebook. Go to Neverware and install the CloudReady OS (free). It's really Chromium, and it turns your Netbook into a working Chromebook. https://www.neverware.com/#introtext-3 It instantly makes your netbook functional again. It's also lightweight, so you can ru...
by wolf359
Mon Nov 06, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9860

Re: Disposable income... how?

Stop keeping up with the Joneses! They're broke! Some people define "Can I afford this?" differently. - Can I afford the monthly payments on my credit card? - Can I pay off the credit card within the month? - Can I pay it in cash without putting it on my credit card? - Can I pay for it in cash after...
by wolf359
Mon Nov 06, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in index funds at this moment
Replies: 50
Views: 3760

Re: Investing in index funds at this moment

To clarify, by going "100% index" in 2015, it meant I no longer invested in individual stocks or actively traded mutual funds. I don't mean I went 100% stocks.
by wolf359
Mon Nov 06, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in index funds at this moment
Replies: 50
Views: 3760

Re: Investing in index funds at this moment

Is it a good time to invest in index funds? This word is a clue that you're thinking of this as a market timing decision. The truth is that you won't know if this is a good time to invest or not until after the moment has passed. Right now the stock market is at it's most overvalued by the Cyclical...
by wolf359
Sat Nov 04, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Allocation - Too much in stocks?
Replies: 8
Views: 1097

Re: 401K Allocation - Too much in stocks?

Your key phrase was "Current income more than covers monthly expenses." You therefore have a high ability to take risks, and could set your stock allocation to anything and still be fine. On the other hand, your actual risk tolerance could be low, hence your desire to increase the bond allocation. B...
by wolf359
Sat Nov 04, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Projector Setup in Basement
Replies: 24
Views: 1470

Re: Projector Setup in Basement

We just finished a basement project, and our original vision was a home theater system. The trend in the industry is away from the big projector setups. Most people just don't do home theater rooms any more. Instead, they do media rooms. A media room is just a room with a big tv. You can get a 75-82...
by wolf359
Sat Nov 04, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 4744

Re: This is why I'm glad I started investing at 23

Exactly. You and I are about the same age and I'm glad I stuck with my plan even at a "young" age. Even in 2009 when I saw my portfolio over 10 years go into negative total returns, I wasn't worried. In fact, I invested more. And like you, I've reached the point at work where I don't worry so much ...
by wolf359
Tue Oct 24, 2017 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11647

Re: Can one have too much money in tax-deferred

Yes, it is possible to have too much money in tax-deferred. If you've been diligently maxing out tax-deferred since you first got a job, and you don't retire early, it's possible that you will hit that point. There are plenty of solutions, but it's best to recognize this issue well before you're 70,...
by wolf359
Mon Oct 23, 2017 11:05 am
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 39
Views: 2812

Re: Installing a slide inside a home?

We actually had one of those backyard-sized slides (made of plastic) in our house until our youngest child was about 8. The novelty of having a slide in the house never got old, until the kids got too big to use it. Eventually we folded it up and put it into storage. An indoor slide is a fun concept...
by wolf359
Fri Oct 13, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3160

Re: Why would anyone buy long term bonds?

Long-term bonds are generally held by institutions like banks, central banks, sovereign wealth funds, pension funds, insurance companies, and hedge funds. Insurance companies and pension funds have liabilities which essentially include fixed amounts payable on predetermined dates. They buy the bonds...
by wolf359
Tue Oct 10, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: What specific changes have you made post-Equifax?
Replies: 52
Views: 4343

Re: What specific changes have you made post-Equifax?

For those who haven't made any changes, I'm curious as to why not? Do you already have protections in place? Do you think this whole getting your identity stolen thing is overhyped? Have you just not gotten around to it yet, but you plan to? There's lots of difference even among the people who haven...
by wolf359
Mon Oct 09, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: What specific changes have you made post-Equifax?
Replies: 52
Views: 4343

Re: What specific changes have you made post-Equifax?

In the several long threads about Equifax I got lost as to the specific changes folks have made, and/or think are worth making. I'll list what I've done but hope I can do more. What I had already done: - 2 factor authentication at Fidelity - voice verification at Vanguard - all passwords long and r...
by wolf359
Wed Sep 27, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can't place fraud alert at Equifax
Replies: 15
Views: 906

Re: Can't place fraud alert at Equifax

Fraud alert is different than a freeze. A fraud alert requires that any lenders or creditors take reasonable steps to verify your identity before issuing new credit in your name. You do not have to be a victim of fraud to initiate an initial fraud alert; you can do so as a pre-emptive measure, regar...
by wolf359
Tue Aug 01, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Say Bye Bye To Wells Fargo Advisors?
Replies: 30
Views: 3428

Re: Say Bye Bye To Wells Fargo Advisors?

I think this is being understated a bit. You're okay with your bank: - Conducting identity theft and opening credit cards and bank accounts in your name without your authorization? - Collecting additional fees and charges relating to these unauthorized accounts? - Hiding notification and statements ...
by wolf359
Wed Jul 19, 2017 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop being "concerned"
Replies: 27
Views: 5781

Re: When to stop being "concerned"

I was reading some articles about the Bernie Madoff scandal. One of the devastating impacts was that investors had become accustomed to his performance as being utterly reliable over decades. They considered the account to be the equivalent of cash, since they could access it at any time. In fact, t...
by wolf359
Wed Jul 19, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Artist Son - 10 years old
Replies: 17
Views: 2547

Re: Artist Son - 10 years old

Interesting link from NOLO about when a child has to file income tax returns, and at what rate they're taxed. If you don't want to follow the link, the quick answers are: - When the income exceeds the standard deduction for that year ($6,300 for 2016). - Earned income is taxed at the child's rate, w...
by wolf359
Thu Jul 13, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Advice for Asian Indian friend on parking 100k
Replies: 14
Views: 1522

Re: Advice for Asian Indian friend on parking 100k

Is the NRE account paying 6% denominated in Indian rupees? Or denominated in US dollars? What's the going interest rate in India?

My guess is that you're facing currency exchange risk. Would you rather have the money in rupees or dollars?
by wolf359
Thu Jul 13, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: 13 year old with $2000 to invest
Replies: 20
Views: 2359

Re: 13 year old with $2000 to invest

If the odd jobs meet the IRS definition for taxable compensation, I would recommend opening a Roth IRA for the portion of the money not needed in the immediate future. As mhalley listed above, Schwab is a good place for low minimum funds, or she could use Fidelity or Vanguard and go with ETFs inste...
by wolf359
Thu Jul 13, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11899

Re: Do you count vehicle equity in net worth?

As the subject says and just curious what the majority is. If you do, where do you draw the line? Count jewelry and other objects? Seems excessive and unnecessary. I've always thought of net worth as most reference it as no more than cash, investments, and home equity. Why are you tracking net wort...
by wolf359
Thu Jun 29, 2017 8:07 am
Forum: Investing - Theory, News & General
Topic: Why is it ok to avoid Chinese A Shares?
Replies: 41
Views: 3115

Re: Why is it ok to avoid Chinese A Shares?

The fact is that they're being added to indices gradually, and they happen to be the indices tracked that the funds that I use. So I wouldn't say that I'm avoiding them, but that they're going in whether I want them or not. I don't want them. The bulk of the Chinese stock market (by market capitaliz...
by wolf359
Tue Jun 27, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 57
Views: 7763

Re: (Almost) every day I make a financial mistake more costly than the day before

The very first thing you should do is stop the bleeding. If you have a 30% savings rate, do not add to your cash position. Invest according to your asset allocation. If necessary, use the cash to make the account minimums, and invest accordingly. This means you will be investing in the market, and n...
by wolf359
Tue Jun 27, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 401k admin fees
Replies: 13
Views: 858

Re: Vanguard 401k admin fees

401k is a completely different product than the retail accounts. There are compliance and reporting issues and other administrative overhead for retirement accounts. It's better to have these increased costs go to the people who incur those costs, rather than spreading them among all customers. The ...
by wolf359
Tue Jun 27, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: What investment account should I put more money in?
Replies: 12
Views: 1723

Re: What investment account should I put more money in?

Say, you should check out the blog "The Millionaire Educator," at http://www.millionaireeducator.com/ He's a blogger who is also a public school teacher in Georgia, and he describes his path using that state's resources. He also dealt with school systems which didn't have social security, as well as...
by wolf359
Tue Jun 20, 2017 10:52 am
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon
Replies: 76
Views: 6451

Re: Alternatives to Amazon

Amazon can also deliver to lockers if you don't want them going to your house. I use that for high dollar cost items or things that might walk off. They also never seem to get the wrong address when they're using a locker. I consider lockers to be the Amazon equivalent of in-store deliver such as of...
by wolf359
Fri Jun 16, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2700

Re: Is it worth moving for a better public high school?

It's worth moving if there's something wrong with your high school. However, if you already have a decent to excellent high school, I wouldn't change just for the sake of an improved ranking. Your child's academic future depends much more on your child, his/her study habits, grades, friends, attitud...
by wolf359
Thu Jun 15, 2017 2:02 pm
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 1262

Re: Finishing Basement - financing?

Another question about flooring, I have read so many people against putting carpet, but I feel anything other than carpet will not feel warm and cozy. I also don't have plumbing rough ins but am thinking of getting those toilets that don't require drilling a hole. Anyone here has any experience wit...
by wolf359
Thu Jun 15, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: Finishing Basement - financing?
Replies: 10
Views: 1262

Re: Finishing Basement - financing?

tin369 wrote: I also don't have plumbing rough ins but am thinking of getting those toilets that don't require drilling a hole. Anyone here has any experience with that?
What's that, a bucket you can empty? A composting toilet? An outhouse? :(
by wolf359
Thu Jun 15, 2017 9:35 am
Forum: Investing - Help with Personal Investments
Topic: self-directed Roth IRA for minority share in real estate
Replies: 3
Views: 376

Re: self-directed Roth IRA for minority share in real estate

Hi, I am going to invest as a minority (15%) owner in a real estate LLC that was recently set up to buy an office for $700K (my investment would be $100K). The real estate LLC has four partners, two of whom are the owners of a business that is going to be the tenant for the office. I trust the thre...
by wolf359
Tue Jun 13, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 42721

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by wolf359
Tue Jun 13, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Roth 401k > Traditional 401k
Replies: 58
Views: 4310

Re: Roth 401k > Traditional 401k

If you have a Roth 401k option at work, is that capped at $5.5k or 18K as traditional? The Roth 401k should have the same limits as the normal 401k, or $18,000 in total. Individual plans may vary, but I haven't heard of one varying that aspect. That's something I found misleading. They're using a $...
by wolf359
Tue Jun 13, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Favorite Feature of Vanguard Website?
Replies: 67
Views: 6677

Re: Favorite Feature of Vanguard Website?

My favorite feature is the fact that they introduced two factor authentication. It always made me nervous to have so much of my net worth there when they only protected it with a password. Make sure you enable that feature. Now I wish they would allow the option to use a more secure second factor, l...
by wolf359
Tue Jun 13, 2017 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 42721

Re: Regret early retirement/downsizing

I may be a little out of the norm here, but as a thirty year old who was always told (by parents growing up and then by wife after marriage) that I cannot play so much video games, I cannot possibly imagine being bored after retirement....I will finally have all the time in the world to play all th...
by wolf359
Fri Jun 09, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 42721

Re: Regret early retirement/downsizing

This is my beef with the word "retired" as used by, say, Mr. Money Mustache. I prefer "financially independent". kathyauburn could of course have done writing, music, publishing, and countless other things as paid endeavors at 24 as many artists do. If she was financially independent at that age sh...
by wolf359
Fri Jun 09, 2017 3:33 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 103
Views: 8585

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Tech crash cured me of this feeling. I did not miss out on Cisco, WorldCom, Qualcomm, or CMGI. I caught them and rode them up and into a buzzsaw. At least I made money on Cisco. It only took 15 years for it to recover. Some of my holdings from that time period did well, but now I recognize that it w...