Search found 108 matches

by MikeMak27
Mon Dec 10, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 101
Views: 17994

Re: 2017 Relative Tax Efficiency

It appears that the spreadsheet is not working properly now becuase there is an improper reference. Whoever has access to edit the sheet, is there something you can fix?
by MikeMak27
Sat Nov 17, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45655

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

Has anyone transferred from Optum Bank HSA to fidelity yet? If so, what was the easiest way to do it?
by MikeMak27
Fri Nov 16, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45655

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I used to have a Wells Fargo hsa because it had one of the lowest fees before it was bought by Optum. The web of complicated legal structures and fund options from the two has me clueless as to how much fees are now and what they would be to transfer to fidelity. Either way I’m transferring since fe...
by MikeMak27
Thu Nov 15, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 650
Views: 45655

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

“I spoke to two different reps (called back and tried again). In-kind transfers are not allowed. You must liquidate holdings and turn to cash to transfer. I'm in Florida where this is not a taxable transaction so it doesn't matter much to me (other than the few days I'll be out of the market). Make ...
by MikeMak27
Thu Nov 08, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 673

Re: I made a wash sale, can I fix it?

You can sell the replacement shares today. +1 Sell the shares purchased today and buy something that is not substantially identical (perhaps a Total International fund?). You still will have a wash sale, but the effects may be mitigated if the share price does not change much between today and when...
by MikeMak27
Thu Nov 08, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 673

Re: I made a wash sale, can I fix it?

You can sell the replacement shares today. +1 Sell the shares purchased today and buy something that is not substantially identical (perhaps a Total International fund?). You still will have a wash sale, but the effects may be mitigated if the share price does not change much between today and when...
by MikeMak27
Thu Nov 08, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 673

I made a wash sale, can I fix it?

In September of 2017, I bought a sizeable amount of IEMG. I subsequently bought small amounts through reinvesting of dividends and small purchases in Dec 2017, Jun 2018, Jul 2018, Aug 2018, Sep 2018, and Oct 3, 2018. Today (Nov 8), I bought quite a bit more. Then, I sold all of the original shares (...
by MikeMak27
Thu Sep 20, 2018 9:18 am
Forum: Investing - Theory, News & General
Topic: New [Vanguard] environmental, social, governance (ESG) ETFs
Replies: 25
Views: 1947

Re: Sept 20--Vanguard Expands ESG Fund Offerings With Low-Cost ESG ETFs

How was it decided what is and isn’t responsible? Which gets me to my second question.

Nuclear power is not responsible????? It’s the most effective, reliable way for us to fight changes in climate that may be caused by humans. Count me out on these offerings.
by MikeMak27
Thu Aug 23, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds
Replies: 59
Views: 7934

Re: Fidelity Zero ER Funds are underperforming their equivalent premium class index funds

This was a terribly misleading posts with incorrect numbers, facts, and comparisons. The mods should delete and lock this thread.
by MikeMak27
Fri Aug 17, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18467

Re: Teachers Who Have Net Worth of $1 million +

It very much depends on where you live and teach. I know quite a few teachers. Most do not seem to be concerned so much about net worth. Their pensions are, or will be, 87.5% of salary after 35 years (plus SS in my state) and they are now well into middle age making in the $80K to $95K range. Newer...
by MikeMak27
Tue Aug 14, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?
Replies: 10
Views: 959

Re: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?

I like ishares SCZ for Small cap international. It has a newly lowered 0.39% expense ratio, good liquidity / bidask spreads, and has beaten the socks off of VSS since inception.
by MikeMak27
Tue Aug 07, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 21
Views: 3752

Re: Best Fidelity Money Market Account to Hold Cash?

I use SPRXX since it has the highest yield available to retail investors.
by MikeMak27
Tue Aug 07, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 22112

Re: "Don't Obsess About Expense Ratios"

Why is no one talking about how all of Fideity’s Other low cost index funds became cheaper as well. Their total is market index went to .015% expense ratio, their total bond index went to .025% and their total international index went to .060%. I would stay with these current funds if i were a 3 fun...
by MikeMak27
Wed Jul 04, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Premium Is 5th Biggest In History
Replies: 18
Views: 2328

Re: Small Cap Premium Is 5th Biggest In History

When it comes to index funds, avoid those that track the various Russell indices like the plague. They get front runned terribly and they don’t have a strong profitability or screen to weed out bad companies.
by MikeMak27
Fri Jun 29, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: What is your one favorite Fidelity Fund??
Replies: 59
Views: 6306

Re: What is your one favorite Fidelity Fund??

I use FSEMX extended market for my 401k contributions since I do not have the brokeragelink option. It’s .1% expense ratio compared to fstmx total market expense ratio of .09%. So for an extra basis point, I get a 15 year annual return of 11.24% vs FSTMX return of 9.66%. Other fidelity funds I use i...
by MikeMak27
Mon Jun 25, 2018 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 11006

Re: Stocks vs. rental property

Believe it or not, you can get pretty good cap rates in multiple middle class chicago neighborhoods. Prices are pretty darn cheap for middle class tenants in neighborhoods of Chicago such as Garfield Ridge, Clearing, and Archer Heights. Makes sense because Chicago's population has pretty much been ...
by MikeMak27
Mon Jun 25, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 11006

Re: Stocks vs. rental property

Believe it or not, you can get pretty good cap rates in multiple middle class chicago neighborhoods. Prices are pretty darn cheap for middle class tenants in neighborhoods of Chicago such as Garfield Ridge, Clearing, and Archer Heights. They are right next to Midway airport. The violence you hear on...
by MikeMak27
Wed Jun 20, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 480
Views: 73236

Re: 2-year CDs at Vanguard and Fidelity Today

Thank you for the detailed explanation on calculating net yield and how to see it before purchasing with Fidelity. You’re as helpful on this site as anyone!
by MikeMak27
Wed Jun 20, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 480
Views: 73236

Re: 2-year CDs at Vanguard and Fidelity Today

I purchased a 1 lot cd maturing 6-15-2021 from some small bank like St. Cloud or something at 3.111 yesterday for my parents ira. Was this a decent yield compared to the market? Most two years were about 2.86% at the time so I figured the extra 0.25% yield was worth it. I believe it compounds month...
by MikeMak27
Wed Jun 20, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 480
Views: 73236

Re: 2-year CDs at Vanguard and Fidelity Today

I purchased a 1 lot cd maturing 6-15-2021 from some small bank like St. Cloud or something at 3.111 yesterday for my parents ira. Was this a decent yield compared to the market? Most two years were about 2.86% at the time so I figured the extra 0.25% yield was worth it. I believe it compounds monthly.
by MikeMak27
Tue Jun 12, 2018 8:02 am
Forum: Investing - Theory, News & General
Topic: Do Small Caps Outperform?
Replies: 61
Views: 4860

Re: Do Small Caps Outperform?

Do not compare the S&P 500 vs the Russell 2000. The Russell 2000 is a terribly constructed index. Compare the S&P 500 (IVV, Large Caps) versus the S&P 600 (IJR, Small Caps). As of the close on June 11th, IVV has an annual return of 9.24% versus IJR 12.19% over the last 15 years. In fact, there is no...
by MikeMak27
Sun Jun 03, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: iShares fee cuts
Replies: 14
Views: 3482

Re: iShares fee cuts

After clicking on a number of Ishares etf’s, it appears most if not all individual developed country etfs (EIRL Ireland, EWQ France), expense ratios have been cut from 0.49% to 0.47% and emerging market individual country etfs (Mexico EWW, Chile ECH) have been cut from 0.62% to 0.58%. Good little Bl...
by MikeMak27
Sun Jun 03, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: iShares fee cuts
Replies: 14
Views: 3482

Re: iShares fee cuts

EZU, Ishares MSCI Eurozone Etf expense ratio cut from 0.49% to 0.47% as of March 31st, 2018
by MikeMak27
Sun Jun 03, 2018 8:59 pm
Forum: Investing - Theory, News & General
Topic: iShares fee cuts
Replies: 14
Views: 3482

Re: iShares fee cuts

It appears SCZ (small cap developed international) went from 0.40% to 0.39% as of March 31st, 2018.
by MikeMak27
Tue May 15, 2018 4:25 pm
Forum: Investing - Theory, News & General
Topic: Yield Curves-Treasury, CD, AA/AAA muni
Replies: 95
Views: 11225

Re: Yield Curves-Treasury, CD, AA/AAA muni

Kevin, this is absolutely stunning, in-depth analysis. Thank you for your hard work! I help run my parents retirement accounts, and I will follow this page as I approach buying more CD’s in the coming month as they have a CD yield payment due to hit their account. I use Fidelity for their account, a...
by MikeMak27
Tue Mar 06, 2018 12:12 am
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7306

Re: Fidelity Article

It’s paid advertising by another investment services firm that casts doubt to try and get accounts away from fidelity. Yahoo’s journalism quality and standards are next to nil. Just scroll thru their website’s homepage to look at all the click bait and hidden adervisting articles. It’s a shameful at...
by MikeMak27
Fri Feb 02, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best International Small Cap Option
Replies: 53
Views: 6750

Re: Best International Small Cap Option

SCZ an ishares international small cap has performed well in the past for me. I will be purchasing more of it in the future.
by MikeMak27
Wed Jan 31, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Core Position-Fidelity
Replies: 5
Views: 2264

Re: Core Position-Fidelity

Can this FFRHX be used in the cash management account? I use that account and currently buy FTEXX (one of the tax free municipal money market funds). It seems if I switched over to this one, I’d get a higher yield (albeit with more risk) and it would still sweep the amount of money I withdrew at the...
by MikeMak27
Mon Jan 29, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Size Premium Persists
Replies: 27
Views: 3663

Re: Larry Swedroe: Size Premium Persists

IJS is plenty small enough for me, and it has the beneficial screen for profitability. I would avoid any Russell index like the plague.
by MikeMak27
Sat Jan 27, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: High volatility/returns (SC,EM) for young investors ?
Replies: 11
Views: 1016

Re: High volatility/returns (SC,EM) for young investors ?

I highly recommend going all in on us small cap value and emerging markets for your equity portion of your portfolio if you have decades before retirement. I am 45% us small cap value, 40% emerging market, 10% us long term treasuries, and 5% reits. These two asset classes have the lowest correlation...
by MikeMak27
Thu Jan 18, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 111
Views: 16427

Re: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years

I just sold some emerging markets today to buy REITS. Emerging markets have had an outrageously good start to the year with REITS having a terrible 5 weeks since mid December.
by MikeMak27
Tue Jan 16, 2018 12:02 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17544

Re: Paul Merriman and Small Cap Value

[/quote] I notice that IJS and VBR are the most popular SCV funds, but what about SLYV (SPDR S&P 600 Small Cap Value)? It has a lower ER than IJS but follows the same index. Is it a liquidity thing or something else I’m missing? I’m not quite sure why SLYV is not more popular than IJS. [/quote] IJS ...
by MikeMak27
Sun Jan 14, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 178
Views: 23591

Re: What's your asset allocation and why?

Age 31 Retirement age 59.5 45% US Small cap value (IJS, VBR) 40% Emerging Markets (IEMG, VWO, FPMAX) 5% US REIT VNQ 10% US Long Term Treasuries TLT 4% / 20% rebalancing bands I plan to keep this asset allocation very similar all the way thru the accumulation period and during retirement becuase I fo...
by MikeMak27
Fri Jan 12, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: REIT or No REIT
Replies: 98
Views: 15786

Re: REIT or No REIT

What a coincidence it is near a 52 week low and most want to get rid of them. Here's a different opinion when they were booming: https://www.bogleheads.org/forum/viewtopic.php?t=52866 Stay the course, folks. If they were good back then they are still good now. I am rebalancing in since that's what ...
by MikeMak27
Tue Jan 02, 2018 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Changing to Roth 401k
Replies: 7
Views: 912

Re: Changing to Roth 401k

Is there any reason why you are not maxing the HSA? It is the only triple tax advantaged account (not taxed at contribution, accumulation, or withdrawal if used for valid medical expenses). I’d get the $6900 HSA max for 2018, and then max out your Roth 401k.
by MikeMak27
Sun Dec 31, 2017 4:00 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 28043

Re: Muni Money Market funds starting to look good!

Is there a good municipal money market fund at Fidelity that anyone can recommend? I currently am using SPRXX and it’s 7 Day yield is 1.20%. I would like to get a better after tax rate if possible (22% federal bracket for 2018 and 4.95% state bracket). I am an Illinois resident if that matters.
by MikeMak27
Thu Dec 28, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Financial Plan [24 year old]
Replies: 19
Views: 1583

Re: 2018 Financial Plan [24 year old]

Hello, With the holidays coming to a close and starting to think about the New year, I wanted to review my Financial Plan for 2018. I found this site 2 years ago and am incredibly thankful that I did. Below is my current situation: Emergency funds: Yes, 6 months at $2,500/month = $15,000 (could pro...
by MikeMak27
Wed Dec 20, 2017 2:51 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17544

Re: Multiple factors vs. Total Stock Market

How about diversifying across multiple factors (market, size, value, momentum, profitability) and increasing the bond allocation? Compared to TSM equity holdings, the tilted equity holdings can significantly outperform , and when they do underperform, the underperformance tends to be quite modest. ...
by MikeMak27
Tue Dec 19, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17544

Re: Paul Merriman and Small Cap Value

^^ One cannot simply buy-and-hold this asset class. Why do you keep saying this? I look forward to hearing livesoft's response. triceratop's view of livesoft's reasoning for saying that: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=234293&p=3662082#p3662079 Thanks for the link which has as...
by MikeMak27
Mon Dec 18, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17544

Re: Paul Merriman and Small Cap Value

IJS is probably the best way to get exposure to small value. While it’s expense ratio is higher than others, they do enough share lending to make up for it. It also has the most liquidity. STAY AWAY from the Russell indices as they underperform significantly. About 95% of my domestic equity allocati...
by MikeMak27
Tue Dec 05, 2017 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: REIT Index -- Vanguard vs Fidelity?
Replies: 9
Views: 1844

Re: REIT Index -- Vanguard vs Fidelity?

Just buy VNQ, the vanguard REIT etf that has a low expense ratio.
by MikeMak27
Tue Nov 14, 2017 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Brokered CDs - often better return secondary market
Replies: 62
Views: 8746

Re: Brokered CDs - often better return secondary market

I have bought secondary market CD’s through my fidelity account. I get much better rates there than new issue offerings. In fact, I would never buy a new offering again considering I was able to get a 5 year CD for 2.501% instead of the best new offering at the time of 2.30%. You’d have to be drunk ...
by MikeMak27
Thu Oct 19, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my finances pls! - 23 years old
Replies: 8
Views: 1216

Re: Help me evaluate my finances pls! - 23 years old

For your 401k, I'd suggest 60% in the vanguard extended market fund and 40% in the vanguard international fund. And the best investment you could probably make for yourself going forward is Uber & Lyft. That would have probably saved you 20k in total.
by MikeMak27
Tue Sep 19, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: Selling a rental property & dealing with capital gains
Replies: 0
Views: 356

Selling a rental property & dealing with capital gains

I'm trying to help a family member with the financial aspects of selling an investment property. They are in retirement and between 65-70 years old. At some point, the maintenance upkeep and book keeping is going to wear them down as they age in retirement. If they were to sell now, they would have ...
by MikeMak27
Fri Aug 25, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: I need some fidelity bond action! FIBAX or FSITX ?
Replies: 9
Views: 2592

Re: I need some fidelity bond action! FIBAX or FSITX ?

I have a portfolio that is 80% equities completely comprised of US small cap value and emerging markets. I have found FIBAX and IEF (free ishares etf trades with fidelity) to be better in volatile stock days since there is a flight to quality (US treasuries) when stocks sell off. I have the the outl...
by MikeMak27
Thu Aug 24, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 17455

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

It drives me crazy that Bill is in the thread answering questions and people are still talking past each other defending their positions and talking over his perfectly reasonable responses. You should stay away from Reddit then :oops: This is exactly how Larry Swedroe was chased away from this site...
by MikeMak27
Mon Jul 24, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Solo-401k referred to as Keogh?
Replies: 2
Views: 954

Re: Fidelity Solo-401k referred to as Keogh?

My solo 401k was also called a "Keough". You're good to go! :sharebeer
by MikeMak27
Tue Jul 11, 2017 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: FSITX vs FIBIX for bonds? [Spartan Inter. Term Treasury vs. US Bond]
Replies: 15
Views: 1892

Re: FSITX vs FIBIX for bonds? [Spartan Inter. Term Treasury vs. US Bond]

I recommend FIBIX or FIBAX if you have 10k or more to invest in this portion of your overall allocation. Treasuries are a better counterweight for stocks if there is a steep sell off. Additionally, it allows for better and more rebalancing opportunities. Check the performance of these funds during t...
by MikeMak27
Tue Jun 27, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: FIBAX or IEF for Taxable Account [Fidelity or iShares US Treasury Bond]
Replies: 6
Views: 1026

Re: FIBAX or IEF for Taxable Account [Fidelity or iShares US Treasury Bond]

I guess I'll just go with IEF then, even with its slightly higher expense ratio, and potential tax inefficiencies. It has the most risk since it has the longer duration, but that could also make it the best tax loss harvesting partner with the equity portion. I just wanted to make sure it was a dece...
by MikeMak27
Mon Jun 26, 2017 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: FIBAX or IEF for Taxable Account [Fidelity or iShares US Treasury Bond]
Replies: 6
Views: 1026

Re: FIBAX or IEF for Taxable Account [Fidelity or iShares US Treasury Bond]

They both have their disadvantages. FIBAX can and does have capital gain distributions which you sometimes don't want in the year that it has them. IEF engages in a fair amount of bond lending to generate extra income. The problem with this is that it substitutes Treasury interest with payments in ...