Search found 990 matches

by wolf359
Fri Oct 13, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds?
Replies: 33
Views: 2611

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: 51
Views: 3691

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: 51
Views: 3691

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: 818

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: 3212

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: 5572

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: 2445

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: 1437

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: 2294

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: 10678

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: 2871

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: 7597

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: 785

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: 1641

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: 6075

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: 2541

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: 1167

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: 1167

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: 331

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: 41047

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: 4015

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: 6176

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: 41047

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: 41047

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: 7861

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...
by wolf359
Fri Jun 09, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Current 401k with Huge Fees, Anything I can do?
Replies: 20
Views: 1346

Re: Current 401k with Huge Fees, Anything I can do?

damageprone- Contribute the max to both your 401K and your Roth IRA, as you have suggested you can. Of course your plan is terrible and you should do all you can to change it. In the meantime contribute all you can to it. Why? Because contributing lowers your taxable income. Because it's an easy au...
by wolf359
Thu Jun 08, 2017 8:11 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4667

Re: Retirees: What are you doing about withdrawing?

Any big ticket items (such as we had done to our home this week for the tune of $14k) are handled in the same way. Withdrawals are made and FIT paid at the same time. You just gave me an interesting thought. When adding a large amount of money to your portfolio, the standard advice is to invest it ...
by wolf359
Wed Jun 07, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Financially independent and then market crashes?
Replies: 54
Views: 6503

Re: Financially independent and then market crashes?

I'm just curious about this topic when I see people retiring in their 30's and 40's without a pension and they aren't old enough to take social security. So, if someone has reached financial independence and has 25x's plus their annual spending needs but then the market crashes and wipes out 25%+ o...
by wolf359
Wed Jun 07, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Can I tax loss harvest and then buy the same thing again?
Replies: 14
Views: 940

Re: Can I tax loss harvest and then buy the same thing again?

I don't reinvest dividends anyway, I don't like to have a lot of tiny batches everywhere. I don't want to move from VTI to VOO and make a mess either, though, so I guess I won't harvest losses unless it's worth losing that 1%ish time in the market value. It's worth trying once if you have the oppor...
by wolf359
Thu Jun 01, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Changing Car Cabin Air Filter - after how much time
Replies: 45
Views: 2812

Re: Changing Car Cabin Air Filter - after how much time

Change it when it's dirty. If it's not dirty, leave it alone.

Also, sign and date it. If the dealer takes it out to show you it's dirty, make sure they didn't switch it on you.

Changing your own filters is the easiest way to save a hundred dollars or more. Then take the savings and invest it.
by wolf359
Thu Jun 01, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Predicted 4% return over next decade. What do you do now?
Replies: 71
Views: 7592

Re: Predicted 4% return over next decade. What do you do now?

Just wondering... with Jack Bogle predicting a 4% stock market return over the next decade, I was just wondering what bogleheads were doing with their portfolios to increase their returns. Are people investing a little more in more riskier assets like small caps and emerging markets? What else can ...
by wolf359
Wed May 31, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Lojack?
Replies: 13
Views: 1086

Re: Lojack?

Hi all, I've been reading about several carjacking recently where the children were still inside. Has anyone used Lojack (or any other service) and would you recommend it? How is the cost like? Thanks. LoJack and OnStar are locator services that attempt to recover your car after it has been stolen....
by wolf359
Wed May 31, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: How to save for big ticket items?
Replies: 4
Views: 571

Re: How to save for big ticket items?

(This is my approach, not a general Boglehead method). If you had to take out a car loan because you didn't have the money for a car, how much would you have to pay? Set up an automated payment for that amount and send it to a designated account. When it reaches the appropriate amount, you have enou...
by wolf359
Wed May 31, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 24929

Re: What do you guys do on the side?

My recommendation would be to avoid "side hustles" that require grammar skills , like writing or teaching grammar to elementary school students and many in the audience here are ladies and so addressing this to the "guys" here might be misunderstood . Lol... I have edited the original post. I hope ...
by wolf359
Tue May 30, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3742

Re: Umbrella Insurance options

When I decided to get umbrella insurance I went to the two companies I dealt with, one for home and the other for auto. I got quotes from both and picked the one who was a little cheaper. You'll probably want to, maybe have to, use the same company for your auto and/or home insurance. At least you'...
by wolf359
Tue May 30, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 6045

Re: Do I deserve it?

If my kid was getting subsidized living expenses by living with me, and he bought a new car, I would conclude that it is time for him to move out. Clearly, he doesn't need the support anymore. Parents want their kids to be independent, successful adults. Prioritize independence and making responsibl...
by wolf359
Thu May 25, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund too large
Replies: 31
Views: 5700

Re: Emergency Fund to large

Reduce your emergency fund to $50,000. Ally 2-year CD is fine, as is TIPS to keep ahead of inflation. For the remaining $300,000, invest it 60/40. If you want to keep it in a separate account from your main investment accounts, do so. Open another account with a different low-cost broker. There's a ...
by wolf359
Thu May 25, 2017 10:01 am
Forum: Investing - Theory, News & General
Topic: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground
Replies: 52
Views: 8304

Re: Bloomberg hit piece - Vanguard's Irritating Perch on the Moral High Ground

m It turns out that everybody who works at declared, legitimate non-profit organizations, don't work there for free, either. According to this article from 2014, 18 non-profit CEOs were paid over $2 million. The presence of paid employees is not what makes a non-profit, a non-profit. Jared Dillian i...
by wolf359
Thu May 25, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Quickest Path to Financial Independence
Replies: 27
Views: 4777

Re: Quickest Path to Financial Independence

The path to Financial Independence involves four items. The quickest path is to take all four simultaneously. 1) Reduce Expenses. 2) Increase Income. 3) Change your definition of Financial Independence. 4) Invest wisely. 1) REDUCE EXPENSES. Every dollar you spend is after-tax. Every dollar in income...
by wolf359
Wed May 24, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 8970

Re: The dot com "do over" bull market?

[quote="TheTimeLord] Ramping up production of the Model 3 sedan, which has a waiting list of about 400,000 people who each put down a $1,000 reservation fee , poses a considerable engineering challenge for the company. Equity analysts generally have mixed views on whether the new car will launc...
by wolf359
Wed May 24, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: When should my MIL take SS?
Replies: 5
Views: 619

Re: When should my MIL take SS?

She has no retirement savings. She is currently just barely getting by, which implies that she won't be building a big nest egg in the next 5 years. She should pull her current Social Security statement and get an estimate of what her benefit will be today, at Full Retirement Age, and at 70. Since s...
by wolf359
Wed May 24, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: The dot com "do over" bull market?
Replies: 82
Views: 8970

Re: The dot com "do over" bull market?

What am I missing? Where is the bubble? If valuations are high, where are the corresponding bad business models that usually accompany unsustainable bubbles? Tesla is currently producing 84,000 cars a year. Ford is currently producing 7 million. Tesla has annual revenues of $7 billion. Ford has ann...
by wolf359
Wed May 24, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 16726

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

This is also the main reason that I am planning to buy an annuity sometime between 70 and 80 if I'm still here (I'm a few decades away still) with at least some of the portfolio. I'm in this boat. There's a product called QLAC annuities which are pretty new, and there hasn't been much discussion on...
by wolf359
Tue May 23, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Starting a 529 with no children on the horizon?
Replies: 15
Views: 1299

Re: Starting a 529 with no children on the horizon?

Don't do it if there's no advantage to doing it. All you'd be doing is saddling yourself with restrictions.
by wolf359
Tue May 23, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: SEP IRA vs. investment account
Replies: 8
Views: 710

Re: SEP IRA vs. investment account

Also, being that this money is "gift" money, it is not counted as taxable income as I understand it (correct me if I'm wrong). Would that make a difference when deciding between SEP IRA vs. Individual 401K? I know that money put into SEP accounts is tax deductible, but if it isn't earned ...
by wolf359
Mon May 22, 2017 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Do you keep extra money available for investing
Replies: 37
Views: 3822

Re: Do you keep extra money available for investing

Well, I have a spending fund that we use to save up for vacations or a replacement car. If the market tanked significantly, we'd consider putting off our spending goals and invest. This requires my DW to agree. If our jobs also got shaky, the money would stay as cash if we thought it might be needed...
by wolf359
Mon May 22, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Who's into Bitcoin, Altcoins, ICO etc?
Replies: 49
Views: 4385

Re: Who's into Bitcoin, Altcoins, ICO etc?

I just took this screenshot; here's the market right now, hitting an all time high as I post. I get the concerns, and it's correct that Bogleheads are the ones voicing them. But saying "tulips" and walking away is doing an intellectual disservice to something that could have a profound im...
by wolf359
Fri May 19, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: I'm having a freak-out moment (portfolio question)
Replies: 24
Views: 2855

Re: I'm having a freak-out moment (portfolio question)

The people who feel compelled to save a million dollars or more also have no pension. Your pension alone is worth what it would cost to buy an immediate annuity at the appropriate income level. (You'll have to price that one yourself, since you don't provide sufficient information. Try a site like m...
by wolf359
Fri May 19, 2017 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 4814

Re: Delay SS, but claim if market plunges

This strategy allows me to use SS as an insurance against the bad sequence of returns issue. This was my exact Plan B plan when I retired as well. I still don't see anything wrong with it. I think of the entire concept of delaying Social Security in order to get the larger benefit as the insurance ...
by wolf359
Fri May 19, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Convince me to get back into stocks!
Replies: 83
Views: 6966

Re: Convince me to get back into stocks!

If you want to get in and are still nervous, try one of the following strategies: 1) Dollar cost average in. The math doesn't work, but it's more comforting psychologically if the market plummets right after you invest. Just divide your stash into 3 equal parts, and invest each part once a month. In...