Search found 128 matches

by MikeMak27
Tue May 26, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 155
Views: 11458

Re: If Jeep has such poor reliability, how come they are everywhere?

The Grand Cherokee and Compass are a "Land Rover Lite" for middle class Americans who blow all their money on stuff to try and project the image that they're a couple rungs higher on the class ladder. "It's a Jeep thing" is just a Dunning-Krugerism that marketers came up with and preys on humans' t...
by MikeMak27
Mon May 25, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: If Jeep has such poor reliability, how come they are everywhere?
Replies: 155
Views: 11458

Re: If Jeep has such poor reliability, how come they are everywhere?

I have a 2015 Grand Cherokee with 42k miles on it. The only maintenance I have had to do on the car is oil changes / filters and tire rotations. The vehicle came stock with a wonderful set of stock Goodyear tires that still have another 30k miles worth of tread on them. I paid with tax 31k for a 4wd...
by MikeMak27
Sun Apr 26, 2020 7:51 pm
Forum: Personal Investments
Topic: Poor Publix employee seeking 401k investment advice
Replies: 169
Views: 11182

Re: Poor Publix employee seeking 401k investment advice

“I don't see myself making more than $20/ hour since I don't think I want to be a manager and I don't feel like I'm smart enough to have a better job so I'm thinking about sticking with Publix for as long as I can“ The fact that your on bogelheads researching how to better invest your money and find...
by MikeMak27
Wed Apr 15, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27197

Re: [Government stimulus payments]

I received mine on Monday! This is incredibly helpful since I am newly out of work and frantically looking for new cloud business development opportunities.
by MikeMak27
Tue Mar 31, 2020 10:35 pm
Forum: Investing - Theory, News & General
Topic: Hedge against SCV underperformance?
Replies: 51
Views: 2010

Re: Hedge against SCV underperformance?

I pair IJS with IEMG (Large Cap Emerging Market)
They’ve both underperformed the S&P 500 over the past 3 year.
by MikeMak27
Mon Dec 23, 2019 3:11 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Long-Term Treasury Bond Index Fund (FNBGX)
Replies: 6
Views: 631

Re: Fidelity Long-Term Treasury Bond Index Fund (FNBGX)

My parents have both TLT and FIdelity’s long term treasury fund. They both work great for the goal that you are trying to accomplish. Buy buy buy with both. You’ll be happy with the results.
by MikeMak27
Mon Oct 21, 2019 1:01 pm
Forum: Personal Investments
Topic: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes
Replies: 27
Views: 3170

Re: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes

My best guess is if the pension enters insolvency or the state files for bankruptcy (both likely options in the next market downturn), a judge will implement measures similar to Detroit’s bankruptcy. You may see a cap on the amount a pension can pay out in one year and the cola guarantee increase be...
by MikeMak27
Sat Aug 31, 2019 3:03 am
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 56
Views: 22486

Re: Best Fidelity Money Market Account to Hold Cash?

dcdowden wrote:
Fri Aug 30, 2019 3:00 pm
I use ICSH iShares Ultra Short Term Bond at Fidelity which currently yields 2.34% with an ER of .08.
Can this be used in a Fidelity Cash management account where the fund is liquidated to pay bills electronically, with draw money from an atm, pay the fidelity credit card, etc?
by MikeMak27
Tue Jun 18, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get out of daycare 6 week notice?
Replies: 32
Views: 3020

Re: Any way to get out of daycare 6 week notice?

Contact your credit card company and say the company charging you is not living up to the services agreed upon. Deny them payment and Cancel your card to get a new one if they do not agree.
by MikeMak27
Sun Mar 24, 2019 12:39 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA-how are you investing the funds?
Replies: 36
Views: 4026

Re: Fidelity HSA-how are you investing the funds?

I moved from Optum bank where i was invested in the Dreyfus Small Cap S&P 600 fund. I am now invested in IJR Small Cap S&P 600 etf and have gone from an expense ratio of around 0.5% to 0.07%. I LOVE FIDELITY!!!
by MikeMak27
Wed Mar 13, 2019 12:27 pm
Forum: Personal Investments
Topic: Thoughts on this all Fidelity index portfolio. Thank you
Replies: 27
Views: 2309

Re: Thoughts on this all Fidelity index portfolio. Thank you

I would use IJR, IJH, and IVV instead of the fidelity funds. They are free to trade at Fidelity like many i shares products and are more tax efficient than the fidelity funds if this is a taxable account. Plus IJR and ijh track s and p indexes which far out perform their Russell counterparts.
by MikeMak27
Wed Feb 13, 2019 12:12 pm
Forum: Personal Investments
Topic: Two Choices for Emerging Market Fund: FPMAX vs VEMAX
Replies: 7
Views: 1771

Re: Two Choices for Emerging Market Fund: FPMAX vs VEMAX

Fidelity merged all of its classes of index funds into one, the lowest cost institutional shares. Fpmax is now fpadx and it’s the exact same thing with a lower expense ratio. A true win win for all!
by MikeMak27
Tue Feb 05, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Deposit Cash into Fidelity Cash Management Account via ATM
Replies: 13
Views: 5914

Re: Deposit Cash into Fidelity Cash Management Account via ATM

To deposit checks, download the fidelity app, sign the back with your name and “for deposit to fidelity only”and take a picture of both sides. They usually upload immediately with no problems.
by MikeMak27
Mon Feb 04, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 117
Views: 24774

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

I own a 2015 Jeep Grand Cherokee Laredo 4WD and it has been a dream to own and maintain. Believe it or not, when I use cruise control on the highway, I average about 27 mpg. 2 thumbs up over here.
by MikeMak27
Thu Jan 31, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Small-Cap Value Funds: Then And Now
Replies: 74
Views: 10431

Re: Small-Cap Value Funds: Then And Now

Or compare IEFA (developed large cap from Europe, Asia and Australia) which has done 4.14% CAGR since it’s creation versus SCZ (small cap developed from Europe, Asia, and Australia) which has done 6.74% CAGR.
by MikeMak27
Thu Jan 31, 2019 10:22 pm
Forum: Investing - Theory, News & General
Topic: Small-Cap Value Funds: Then And Now
Replies: 74
Views: 10431

Re: Small-Cap Value Funds: Then And Now

From August of 2000 (when IJS, small cap value S&P 600) was created thru December of 2018, IJS has a CAGR of 8.55%. IVV (S&P 500) has had a CAGR of 5.7% in that time. So IJS would be worth 43,767 if 10,000 was invested back then and IVV would be worth 27,108. As a result I own NO S&P 500 and have be...
by MikeMak27
Wed Jan 16, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1029
Views: 105585

Re: Why are your NOT buying rental properties?

Put $80 k (20% down payment) on $400 k house. Lets assume a modest 4% appreciation per year and your tenants pay for all expenses (mortgage, property tax, fixes, property manager, etc). After 18 years, the house would double to $800 k. Where on Earth is 4% annual appreciation modest? I’m in Chicago,...
by MikeMak27
Fri Dec 28, 2018 12:19 pm
Forum: Investing - Theory, News & General
Topic: Why not go all small cap value for equities?
Replies: 72
Views: 5065

Re: Why not go all small cap value for equities?

My equity allocation is 55% small cap value / small cap (IJR, IJS, FSEMX, VBR (best option used for each account), and 45% Emerging market IEMG, VWO, FPADX. They seem to balance each other with regards to dollar strength. It has been frustrating in 2018 with the Nasdaq QQQ outperforming, but once yo...
by MikeMak27
Sat Dec 15, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1585
Views: 218060

Re: Fidelity as a one stop shop

I am thinking of moving my Roth (currently at Vanguard), Charles Schwab checking and Ally saving all to Fidelity to simplify my life. My 3 questions are: 1- How to do such setup in Fido to maintain the same privileges as Charles and Ally? In other words how to have an alternative to checking with a...
by MikeMak27
Wed Dec 12, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: 2-year CDs at Vanguard and Fidelity Today
Replies: 484
Views: 91162

Re: 2-year CDs at Vanguard and Fidelity Today

CD rates have backed off their highs from a month or two ago. I purchased a 34 month brokered CD at fidelity for 3.29% after the $1 purchase fee. There seems to be almost no duration reward for going more than 3 years.
by MikeMak27
Mon Dec 10, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 158
Views: 45500

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: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118358

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: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118358

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: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118358

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: Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 884

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: Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 884

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: Personal Investments
Topic: I made a wash sale, can I fix it?
Replies: 5
Views: 884

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: 2926

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: 62
Views: 10329

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: 191
Views: 31270

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: Personal Investments
Topic: I would like to add a SCV tilt in International. What's the best ETF with low E.R.?
Replies: 22
Views: 2471

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: 56
Views: 22486

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: 24348

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: 2552

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: 93
Views: 15388

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: Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 13666

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: Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 13666

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: 484
Views: 91162

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: 484
Views: 91162

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: 484
Views: 91162

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: 63
Views: 7440

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: 3846

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: 3846

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: 3846

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: 15075

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: 7968

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: Personal Investments
Topic: Best International Small Cap Option
Replies: 56
Views: 9547

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: Personal Investments
Topic: Core Position-Fidelity
Replies: 5
Views: 2989

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: 4035

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: 1136

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...