Search found 269 matches

by NYCwriter
Sun Mar 08, 2020 10:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18792
Views: 2627715

Re: U.S. stocks in free fall

If this turns into a bear market, which is increasingly looking like a very real possibility, it will be the first time in a very long time that events largely external to the U.S. push U.S. stocks into a bear market. It's been many decades since that has happened. It’s not external anymore. That’s...
by NYCwriter
Sun Mar 08, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Futures halted tonight (3/8)
Replies: 233
Views: 16556

Re: S&P500 Futures halted tonight (3/8)

It's hard to get really excited about a stock market correction in a time of global suffering and death from a coronavirus whose future we don't know. That's why we have our asset allocation and a plan in place. It's 10:30 pm on the east coast. I'm heading to bed to get a good night's sleep and hop...
by NYCwriter
Tue Nov 19, 2019 12:52 am
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 174
Views: 13220

Re: Investing $140k in cash at 1k per week

Hello :happy I have $140k in high yield saving accounts (FDIC insured) that pays me %2 - %2.20 in annual interest. My plan is to is transfer $1000 from my saving account to my brokerage account and buy $1000 worth of VTI every week . At this rate, it would take a bit more than 2.5 years to invest a...
by NYCwriter
Tue Nov 19, 2019 12:34 am
Forum: Personal Investments
Topic: Thoughts on VIG
Replies: 18
Views: 2822

Re: Thoughts on VIG

I know this is an older thread but thought I'd chime in. I purchased VIG the middle of last year alongside my Total Stock in taxable and added to both at year's end when I rebalanced (during the huge drop) and left it alone. I purchased it as a "quality/volatility" ETF rather than for dividends (whi...
by NYCwriter
Mon Nov 18, 2019 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13865

Re: Apple Pay. Does anyone use it?

I tried it at a local liquor store because I got gas and left wallet in car, and the CC got hacked so didn't use it again. Same thing happened this weekend but now at shoprite so I used apple pay there. Hoping it wont get my CC hacked again, on the bright side this quarter on chase freedom, apple p...
by NYCwriter
Mon Nov 18, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 13865

Re: Apple Pay. Does anyone use it?

I've been an Apple fangirl (and shareholder) for decades, but have yet to use Apple Pay. I do expect to start using it soon for holiday shopping, because it offers another layer of protection. I also plan to get an Apple Card at some point, especially before I make another hefty Apple purchase. But ...
by NYCwriter
Mon Nov 18, 2019 11:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5624
Views: 481300

Re: U.S. stocks continue to soar!

US stocks as a group do seem pricey compared with international stocks. And just pricey period. Here’s a decomposition that includes a shocking stat I learned about on CNBC today, the price/sales ratio of the S&P 500 is now higher than during the tech bubble: https://www.yardeni.com/pub/valcapsales...
by NYCwriter
Wed Nov 06, 2019 12:46 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2955
Views: 526449

Re: What are you up YTD? [Year To Date]

I am somewhat surprised how many Bogleheads calculate or track performance. eh, BHs tend to like money and numbers, which makes counting our money one of our favorite past times :D Numbers tell one when to rebalance. This is why they teach math as on of the three "R"s. Cool, your answer is even mor...
by NYCwriter
Wed Nov 06, 2019 12:04 am
Forum: Investing - Theory, News & General
Topic: Robinhood, Heading for a Trainwreck?
Replies: 42
Views: 6245

Re: Robinhood, Heading for a Trainwreck?

This was a flaw in their subscription tier, and they've addressed it. I'm sure the people who aren't bragging on Reddit are the ones who lost money, and yes--they owe that money. I do think it's irresponsible on RH"s part to allow it for as long as they did, since their users tend to be young, and m...
by NYCwriter
Tue Nov 05, 2019 11:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5624
Views: 481300

Re: U.S. stocks continue to soar!

Isn't it kind of incredible that everyone's happy (or should be) heading into year end?

The Bond bearers are happy
The Bulls are happy
The Gold bugs are happy
The Alt investments are happy
The Always Defensives are happy

This could all end very badly :sharebeer
by NYCwriter
Tue Nov 05, 2019 11:41 pm
Forum: Personal Investments
Topic: [Why is VMMXX (Prime Money Market) ER so high?]
Replies: 27
Views: 3878

Re: [Why is VMMXX (Prime Money Market) ER so high?]

I just read the prospectus’ for the investor shares AND the admiral shares of Vanguard’s prime mmf. The prime fund (both classes) are designated as retail funds and are only open to people, not institutions. So the admiral shares are all owned by people not institutions. VMFXX has a relatively high...
by NYCwriter
Thu Oct 03, 2019 12:15 am
Forum: Investing - Theory, News & General
Topic: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund
Replies: 68
Views: 8113

Re: Press Release 10/1/19--Vanguard Adds To Its Active Lineup With Launch Of International Core Stock Fund

I came here tonight looking for feedback on this fund, since I saw it being promoted. Not really surprised at the comments. :D I still own VEA/VWO, exchanged from Total Int'l in late 2015, and actually reduced both last year and early this year to about 16% from 20% since my allocation is getting mo...
by NYCwriter
Thu Oct 03, 2019 12:01 am
Forum: Investing - Theory, News & General
Topic: What do you think about $0 commission free trade
Replies: 32
Views: 2959

Re: What do you think about $0 commission free trade

I think it's great. It's irrelevant for my Vanguard portfolio, where the only transaction fee I had to pay was when I set up my Roth Primecap fund some years ago. I have a couple of non-VG ETFs that I moved when they dropped transaction fees. I'd love to see Fidelity move on this, especially since i...
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: 3661

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: 5624
Views: 481300

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: 5624
Views: 481300

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: 5073

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: 10297

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: 3782

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: 7257

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: 10297

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: 7237

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: 3782

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: 9341

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: 5624
Views: 481300

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: 4647
Views: 897045

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: 4647
Views: 897045

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: 18792
Views: 2627715

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: 27091

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: 77
Views: 11299

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: 18792
Views: 2627715

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: 4800

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: 6593

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: 8089

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: "Vanguard Patented a Way to Avoid Taxes on Mutual Funds"
Replies: 140
Views: 10636

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: 4800

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: 4800

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: 6842

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: 5624
Views: 481300

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: 52
Views: 5134

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: 52
Views: 5134

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: 7390

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: 10293

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: 10293

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: 1067

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: 6349

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: 968
Views: 132229

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: 1094

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: 4030

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 ...