Search found 256 matches

by NYCwriter
Mon Jul 01, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3393

Re: So the year is officially half over

I got busy mid-2018 and fully rebalanced, because I'd run up so much--riding up to 80/20 on the bull when I entered my 50s, then 70/30.... I'd say I got lucky. My financial plan had been a bit loose and I really spent time on it last year. I feel a lot more confident now, with a reasonable allocatio...
by NYCwriter
Mon Jul 01, 2019 7:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

the 3mo-10 has been inverted for a quarter now, all historical periods this has happened resulted in a recession within 18 mos so history is not on our side but who knows this time *may be different*.. although the bond market is not betting on it!! also all economic indicators are weakening, small...
by NYCwriter
Mon Jul 01, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

I rebalanced early last Fall, as equities had run up again and I also realized I still had some cash reserves that should be in bonds. I'm glad I didn't put it off, only because I would have been stressed by a drop. I was actually able to add a bit in late December. I'm now around 64% equities last ...
by NYCwriter
Sat Jun 22, 2019 3:08 am
Forum: Investing - Theory, News & General
Topic: Net worth and risk tolerance
Replies: 30
Views: 4833

Re: Net worth and risk tolerance

I've never heard either of these interpretations. What I have heard, repeatedly, is that people with excess wealth don't need to take risks.
by NYCwriter
Mon Jun 17, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9399

Re: How safe are pensions in the U.S.?

My old company got spun off and absorbed by another buyer for the second time in 10 years. This was after two sets of layoffs. Those of us left noticed that the officers got a huge golden parachutes while everyone else got a [raw deal -- moderator oldcomputerguy] . The old company offered a pension...
by NYCwriter
Fri Jun 14, 2019 9:37 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice for bonds
Replies: 49
Views: 3552

Re: Slice and dice for bonds

I'm guessing slice and dice is anything that isn't just Total Bond? I think the 3 reasons for doing so are 1) interest rate or inflation risk, 2) tax efficiency, and 3) return I don't look at it that way at all. My bond portfolio is not modeled after Total Bond but after the Bloomberg Barclays US G...
by NYCwriter
Fri Jun 14, 2019 9:18 pm
Forum: Investing - Theory, News & General
Topic: Wellington VS Balanced Index
Replies: 36
Views: 6503

Re: Wellington VS Balanced Index

I used Wellington as a single fund in my 457b for a long time. Then switched to Vanguard Primecap + bond since I waned to fill up the bond space. At the time, these were the cheapest funds (cheaper than the passive funds available) in the plan, until CIT equity/bond funds became available. What's th...
by NYCwriter
Fri Jun 14, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: How safe are pensions in the U.S.?
Replies: 87
Views: 9399

Re: How safe are pensions in the U.S.?

After my late father left war service he worked most of his adult life for an industrial mnfg company with a good pension plan. Then Halliburton under CEO Dick Cheney bought the company and used a legal loophole to squeeze the pension fund dry, and dumped the shell. Dad never got over it. Here in NY...
by NYCwriter
Wed Jun 12, 2019 10:27 pm
Forum: Investing - Theory, News & General
Topic: Do Fidelity Offices/Advisors Add Value?
Replies: 88
Views: 6634

Re: Do Fidelity Offices/Advisors Add Value?

I have accounts at both Vanguard and Fidelity. There are Fidelity branches here, though I've yet to use them. I only use Fidelity for the small basket of individual equities I still own, so if I was looking for an advisor, it'd likely be Vanguard, someone with the NYS retirement fund, or an independ...
by NYCwriter
Wed Jun 12, 2019 10:10 pm
Forum: Investing - Theory, News & General
Topic: Slice and dice for bonds
Replies: 49
Views: 3552

Re: Slice and dice for bonds

I'm guessing slice and dice is anything that isn't just Total Bond? I think the 3 reasons for doing so are 1) interest rate or inflation risk, 2) tax efficiency, and 3) return In my Roth I hold Total Bond. In Taxable I hold floating rate short treasuries, Schwab Total Bond, and NY Municipal. I'm not...
by NYCwriter
Wed May 15, 2019 11:53 pm
Forum: Investing - Theory, News & General
Topic: Did you buy the 600+ dip last week ?
Replies: 129
Views: 8634

Re: Did you buy the 600+ dip last week ?

People here take an interesting pride in never purchasing on a dip. I did add to equities on Dec 24. Last month after doing taxes and reviewing my plan I decided to set up VOO/VXF in Roth, where I still have mutual funds, to reduce expense ratios (I hold VTSAX in taxable). Last week I reduced a mutu...
by NYCwriter
Sun May 12, 2019 1:49 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

I'm a little PO'd. I added my regular monthly to VTSAX on Thursday, and Vanguard processed my order ... this morning. Two days! Would it have killed them to process my order during the 400 point drop on Friday? Oh well.
by NYCwriter
Sun May 12, 2019 1:31 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3997
Views: 740576

Re: What's Your Credit Card Rewards Strategy?

Question: I haven't traveled much in the last several years, so haven't had a need for a travel-oriented card. But I'm hoping to travel a bit more over the next few years. What's the best travel/airline card without hefty annual fees? My credit rating is @ 820 so I can afford to be choosy. I'm in NY...
by NYCwriter
Sun May 12, 2019 1:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3997
Views: 740576

Re: What's Your Credit Card Rewards Strategy?

Discussions about Chase Ink etc, are making me a bit envious. I might look into this one, although half my job is as a writer, so partially self-employed (not a proprietor). The only card I've opened in the last few years is 5% Target Redcard, lol. But that's because a new Target opened up one block...
by NYCwriter
Fri May 10, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11678
Views: 2011059

Re: U.S. stocks in free fall

the vix june 2019 contract symbol is VXK19. the K19 means June 2019 expiration. you can't ride out a loss until it gets back to zero. contracts expire and you will either be called or be debited for any shortfall if you have losers. :sharebeer Is there a security with the ticker "VIX"? Vanguard doe...
by NYCwriter
Fri May 10, 2019 1:09 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 23999

Re: Crypto bulls are back. Are you getting in?

I own Bitcoin, I'm generally a lukewarm optimist about its future. But having read many posts there, I'm now becoming an incredible optimist about its future. The amount of misinformation about Bitcoin here is unbelievable. I agree that there's a lot of misinformation about Bitcoin. It also sometim...
by NYCwriter
Fri May 10, 2019 12:48 am
Forum: Investing - Theory, News & General
Topic: Vanguard Wellington and Wellsley over the last 20 years
Replies: 60
Views: 7245

Re: Vanguard Wellington and Wellsley over the last 20 years

Apples and Oranges? You're comparing conservative blend funds to an equity index fund. This doesn't make much sense. Wouldn't the better comparison be to a 60/40 or 50/50 portfolio? I own Vanguard Primecap in my 457b. Wellington is an option. I thought about using this fund, but I've moved to 40/60 ...
by NYCwriter
Fri May 10, 2019 12:29 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11678
Views: 2011059

Re: U.S. stocks in free fall

In late April I shifted my 457b from 60/40 to 40/60, since my goal is to fill up the bond space there. It was preplanned but fortuitous, as I now have some extra room in my taxable and Roth. :D This morning I sold some BND in my Roth and added to VOO and VXF at the day's low. I have a low gtc for to...
by NYCwriter
Sat May 04, 2019 11:02 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4469

Re: Vanguard Free/Zero Funds

I am a millennial. They don’t need to lower the fee, they desperately need to invest in IT to have an awesome website and app. They need a tax lot optimizer like Schwab/Fidelity so I don’t have to go in and select the lots I want to sell in a tax efficient way. These are the things that will endear...
by NYCwriter
Sat May 04, 2019 10:48 am
Forum: Personal Investments
Topic: Riskfree 3.00% Yield?!
Replies: 33
Views: 6424

Re: Riskfree 3.00% Yield?!

I found this calculator useful: https://funds.eatonvance.com/tax-equivalent-yield-calculator.php Are there others? I hold a chunk of NY Muni in taxable. The NY is clearly attractive right now. Risk is medium, so higher than aggregate bond, but out of the lower tax brackets it's advantageous. Is ther...
by NYCwriter
Sat May 04, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone down-shifted in their career?
Replies: 59
Views: 7345

Re: Has anyone down-shifted in their career?

I downshifted into a different career from professional writer to lecturer. We're currently trying to get a deserved increase in salary because it really, really doesn't pay well at all, but I do have long investments and extra time to focus on creative projects. I enjoy what I do, and it's less str...
by NYCwriter
Sat May 04, 2019 9:54 am
Forum: Investing - Theory, News & General
Topic: [How ETFs use "Heartbeat trades" to avoid taxes, Vanguard's patent]
Replies: 116
Views: 6774

Re: How ETFs use "Heartbeats" to wash-out gains

Wait...Can a really smart Boglehead explain WTH a 'heartbeat' transaction is, so a second grader could understand it? This just seems like a financial 'sleight of hand' where value somehow just disappears. Poof! The value is gone. Wouldn't the IRS get irritated? If it is such a good thing, why does...
by NYCwriter
Sat May 04, 2019 9:48 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4469

Re: Vanguard Free/Zero Funds

I don't think Vanguard will ever offer zero expense funds. They run their funds at cost. I also don't think Fidelity is running a bait-and-switch scheme. They are free to run a loss-leader forever. + 1. What's the general consensus if Vanguard will ever start offering 0% ER funds like Fidelity is n...
by NYCwriter
Sat May 04, 2019 9:44 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4469

Re: Vanguard Free/Zero Funds

The original industry disruptor (Vanguard) is now being disrupted, especially as it relates to attracting the younger generation. They will need to do what it takes to adapt and offer value to consumers, whether it means matching the competition's race to the bottom (easy way out) or new creative s...
by NYCwriter
Sat May 04, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: Berkshire buying stake in Amazon - my opinion
Replies: 55
Views: 6408

Re: Berkshire buying stake in Amazon - my opinion

They're trying to juice returns on a fund of a $100B company that is unlikely to outperform the way they did in the past. I think it's really that simple. Buying Apple made sense, since its valuation was decent at the time and it has stability and economic clout to increase moat. So does Amazon, but...
by NYCwriter
Mon Apr 29, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

I just bought VTI with the market at historic highs. What me worry? :greedy I bought a latte at Starbucks this morning with prices at an all-time high. And I tipped the Barista. Starbucks is the anti Boglehead; spending $2,500 a year on coffee is excessive. I brew my own and buy VTI with the saving...
by NYCwriter
Mon Apr 29, 2019 1:43 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 3282

Re: Opening an Account: Vanguard vs. Fidelity

Both Vanguard and Fidelity have excellent low-cost total-market index mutual funds. No need to endure the hassles of ETFs. Agreed! We use Vanguard. Mutual funds only, no ETFs. I couldn't be bothered with them to save 1 or 2 basis points. Mutual funds are so much simpler and less stressful. +1. Vang...
by NYCwriter
Mon Apr 29, 2019 1:35 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 3282

Re: Opening an Account: Vanguard vs. Fidelity

I hold accounts at both. I've had my taxable and Roth at VG for years, and some years ago transferred long individual equities from TD to Fidelity to take advantage of 2 years' commission-free and a hefty bonus. But into retirement I expect to have fewer/reduced individual equities and everything wi...
by NYCwriter
Fri Apr 19, 2019 11:52 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 7042

Re: Fire my financial advisor now or later? (recent windfall help needed)

Everyone added .02, here's mine, as someone who also got a small windfall. I have a sizable taxable and Roth at Vanguard, outside of my employment retirement accounts. A chunk of that came from a small inheritance windfall from several years ago. It's a lot larger now. Total Stock is very tax effici...
by NYCwriter
Fri Apr 19, 2019 10:41 pm
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9737

Re: Thinking about selling stocks near all time highs

I am thinking about selling some stock ETFs after one of the strongest gains in the stock market since christmas 2018. I know that this slope that we're on cannot continue and has never historically continued at this rate, so a correction is inevitable. We're on pace for nearly a 60% return for the...
by NYCwriter
Fri Apr 19, 2019 10:14 pm
Forum: Personal Investments
Topic: Thinking about selling stocks near all time highs
Replies: 98
Views: 9737

Re: Thinking about selling stocks near all time highs

Recently rebalanced in my 457b and Roth. I hadn't done so in more than a year, and as an academic I'm not earning during summer so I typically check the 457b in the spring. I've never traded out of VTSAX in taxable, just added small amounts. Last Dec, I added to it & set up a small 10k in VIG (I kno...
by NYCwriter
Fri Apr 19, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Risk Meter
Replies: 2
Views: 1006

Re: Vanguard Risk Meter

The herd moved back in, apparently. Taxable bond and ETF inflows. MM outflow corresponds with tax payments.

MM satisfies yield and reduces bond risk, but the interest rate risk abated at least for this year.
by NYCwriter
Fri Apr 19, 2019 4:23 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 80
Views: 5523

Re: In which companies do you own a single share, or token amount, of stock?

Did a lot of reducing over the years, so we're down to AMZN, NFLX, APPL, V (200-400% return, 10-50 shares left) BRK.B (25 shares left) CRM (25 shares) T (100 shares left, just spits out 6% and does nothing else, but that 6% covers my wireless costs :) ECL (forget how many) Sold off Disney, which I k...
by NYCwriter
Wed Apr 17, 2019 2:34 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 108689

Re: How much money do you want to retire?

I'm at 500K at 52. Not great, but with my retirement contributions I'm currently in a 12% tax bracket, except for periods where I earn extra with writing (I earned more at a job I hated when younger, but thankfully invested.) I rent middle-income housing in Manhattan. It's very expensive here, but I...
by NYCwriter
Wed Apr 17, 2019 1:52 am
Forum: Investing - Theory, News & General
Topic: Treasuries ETF for taxable account?
Replies: 6
Views: 943

Re: Treasuries ETF for taxable account?

I live in NYC, and own a NY Muni bond fund and now treasury fund in taxable instead of a mixed intermediate fund. I learned the hard way that you do have to pay attention to how the reporting works for taxes.

NY is brutal, even for us lower tax brackets.
by NYCwriter
Wed Apr 17, 2019 1:25 am
Forum: Personal Investments
Topic: Short Term Bond Index vs. Prime Money Market
Replies: 30
Views: 3596

Re: Short Term Bond Index vs. Prime Money Market

Are you holding short-term funds with the desire for no principal loss in a given timeframe? The one benefit of the MM is not losing principal, but possibly sacrificing some yield. So, the difference is really in fund purpose and/or expected duration of holding. Bond funds increase risk/reward. For ...
by NYCwriter
Sun Apr 14, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 15485

Re: How often do you check your net worth?

I use personal capital. I've learned it's not very productive to fixate. I'm maxing income deductions into retirement (autopilot), max out Roth, and DCA into taxable. I see net worth whenever I use PC to check on my allocation, which I do 4-6x a year. (Yes, more than necessary.) My retirement funds ...
by NYCwriter
Sun Apr 14, 2019 9:01 pm
Forum: Investing - Theory, News & General
Topic: Does international small cap matter?
Replies: 14
Views: 2051

Re: Does international small cap matter?

I think striving for simplicity until necessary is always best. I do hold US small cap, so I'm guilty as charged. But because my 457b uses a low-cost VG Primecap mutual fund (low cost index funds aren't available) and my Roth has a dividend fund, I'm skewed toward US large cap even with Total as a c...
by NYCwriter
Sun Apr 14, 2019 8:45 pm
Forum: Personal Investments
Topic: Where to hold 2-3 years of living expenses
Replies: 28
Views: 5733

Re: Where to hold 2-3 years of living expenses

I use, in order: Capital One MM for a smaller always-available liquid fund. Vanguard Prime for most emergency savings Also use short term Treasury fund in taxable. but count this as part of bond allocation. I'm considering moving some from Prime and short-term treasury into CDs, but in my tax bracke...
by NYCwriter
Sun Apr 14, 2019 2:05 pm
Forum: Personal Investments
Topic: Need Investing Advice / Portfolio Help
Replies: 18
Views: 1105

Re: Need Investing Advice / Portfolio Help

I agree that there's no reason to keep paying interest on debt when you have excess. Instead of considering yourself 15K poorer afterwards, recognize that you're more than 15K poorer on your current path (the debt won't go away) and calculate the amount you save on interest. That's a check you've wr...
by NYCwriter
Sun Apr 14, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

This market goes as the Fed goes. When rate hikes resume, the sell off begins. When Powell once again uses language like, “we aren’t even close to neutral,” the sell off deepens. The trade deal is def just noise at this point. I wasn't expecting the fed pirouette (was anyone?) and I know the fed is...
by NYCwriter
Sun Apr 14, 2019 12:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

As someone who doesn't earn a lot, but has invested for a long time, it's a good feeling. I too was working class all my life. By using Boglehead principals of living I'm doing fine. I'm amazed at how much money I now get for doing nothing; what a country. :greedy Anyone else getting concerned? The...
by NYCwriter
Sat Apr 13, 2019 12:52 am
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 3507

Re: Investing gift from grandma

That's one awesome Grandma. You know what I think? It doesn't make a difference. Okay, Disney, Google, Amazon might go bankrupt, end up like GE, etc. but really, most likely it is probably gonna be better 20 years from now. SP500 or Total is the most foolproof option. The companies might change, but...
by NYCwriter
Sat Apr 13, 2019 12:35 am
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8704

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

But didn't Bogle himself call attention both to the risk of large passive inflows (a separate issue not discussed in NYT), and more specifically, to the tendency for ETFs to contribute to frequent trading? The advantage of ETFs HAS been in lower minimums and ERs. For some, that IS significant. It's ...
by NYCwriter
Sat Apr 13, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 3604

Re: What happens to money in a 457 after leaving?

Hello If you work someplace for a year or less and you have a 457b is there any advantage to this at all? If you leave employment where can you put the money if you cannot roll it over other than distribute back to yourself? For expected short-term employment for people younger than 50, I don't thi...
by NYCwriter
Fri Apr 12, 2019 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 3604

Re: What happens to money in a 457 after leaving?

As others have noted, some (governmental) 457(b) plans allow withdrawals before age 59-1/2 without penalty, some with a penalty, plus tax. But others are limited to hardship withdrawals with stringent requirements, although many allow for a transfer upon separation. For long-term or late (pre-retire...
by NYCwriter
Fri Apr 12, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1409
Views: 137901

Re: U.S. stocks continue to soar!

Domestic equities doing the heavy lifting, unfortunately the 20% I have in International Equities have just been a total bust in the last year and a half and it does not seem to be getting any breaks... every time it goes up 1% it drops 1.5% soon enough LOL! I had around 19% and reduced VEA slightl...
by NYCwriter
Fri Apr 12, 2019 9:58 pm
Forum: Investing - Theory, News & General
Topic: Socially Responsible [Investing]
Replies: 58
Views: 3936

Re: Socially Responsible [Investing]

Actively managed funds are subject to the whims of active management. Parnassus and American regularly beat the SP500, GS's own sustainable fund didn't. As for using ESG ratings, which are more recent, there's already evidence and research showing outperformance and/or potential for outperformance. ...
by NYCwriter
Fri Apr 12, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 910
Views: 101475

Re: Fidelity as a one stop shop

I've never used CMA. I do use Fidelity for my individual equities and a couple of ETFs. I also have their 2% rewards Visa card, which is good as an all-around card. I use Amex bluecash for groceries/dept stores, but the 2% general is great for everything else. The way I set up my flow is that I have...