Search found 117 matches

by MittensMoney
Tue Jan 15, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6549

Re: A co-worker makes more than me

Whatever you do, don't say "Co-worker makes $xxx,xxx. We have the same job, pay me $xxx,xxx."
by MittensMoney
Mon Jan 07, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: Reasons to own Vanguard ETFs over Admiral shares?
Replies: 66
Views: 4495

Re: Reasons to own Vanguard ETFs over Admiral shares?

To my knowledge, ETF's have a tax-based advantage over Mutual Funds. "The sale of securities within the mutual fund portfolio creates capital gains for the shareholders, even for shareholders who may have an unrealized loss on the overall mutual fund investment." https://www.fidelity.com/learning-ce...
by MittensMoney
Fri Jan 04, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 232870

Re: Share your net worth progression

April 2015 - $3,500 April 2016 - $12,000 April 2017 - $24,600 April 2018 - $40,000 Today - $62,000 Peaked at nearly $80k last October prior to the market downturn :( . But, overall taking a look at this trajectory I feel pretty good! I hadn't zoomed out to this viewpoint on Personal Capital in a whi...
by MittensMoney
Thu Dec 20, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 248
Views: 20976

Re: Whose buying today? where's all the "dry powder" folks at? :)

I doubled my contributions per paycheck towards my 401k back in November. I figure if we're heading into a recession it's a good time to start loading more money into equities, and if we're not, well.. it's always a good time to invest more for retirement!
by MittensMoney
Fri Dec 07, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 8626

Re: Solid my entire portfolio 12/3/18

Earl Lemongrab wrote:
Thu Dec 06, 2018 6:58 pm

That makes no sense. Are you selling everything to DCA into the market? Absent taxes, there's no difference between not investing cash and selling investments to cash.
He's already in all cash. He asked for thoughts on how to get back into the market.
by MittensMoney
Fri Dec 07, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpectedly subjected to my first Edward Jones sales-pitch...
Replies: 15
Views: 1680

Re: Unexpectedly subjected to my first Edward Jones sales-pitch...

Will you be living near a major city? Places like Schwab or Fidelity could be an opportunity worth looking into.
by MittensMoney
Thu Dec 06, 2018 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 8626

Re: Solid my entire portfolio 12/3/18

Personally I'd dollar-cost-average back in, once you've chosen your asset allocation. Something like 20% every 2 weeks until you're fully back in. Pushing 100% in today during this Trump/China/yield inversion scare-fest would bother me. At TD Ameritrade, with a 3-fund portfolio, this would cost me a...
by MittensMoney
Tue Nov 27, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Fisher Investments - Help a family member leave
Replies: 28
Views: 2800

Re: Fisher Investments - Help a family member leave

Any questions he asks are going to be answered to perfection, Fisher's people are very good at what they do. If you're serious about him moving his money, ask if he's willing to share the actual data within his account - I expect showing him how much he is paying, and how his investments have compar...
by MittensMoney
Fri Nov 02, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: What is an "advanced" investor?
Replies: 34
Views: 2609

Re: What is an "advanced" investor?

I would think "advanced" is someone that incorporates options strategies.
by MittensMoney
Fri Oct 26, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4155

Re: Help! For a larger size taxable account do I pay an advisor?

If you've lost money this year then you definitely need to change what you're doing. Handing the reigns over to an advisor may be a smart choice for you. You can try to reset and follow a good strategy by yourself, and believe me if you actually follow a good strategy you won't be having the same is...
by MittensMoney
Thu Oct 18, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Why dismiss sectors?
Replies: 31
Views: 1767

Re: Why dismiss sectors?

In general it seems like sectors are dismissed on this forum for simplicity's sake, and secondarily because the common belief here is that market weighting is efficient and will produce optimal returns. Personally I do buy Vanguard's sector ETF's to 'balance' (in my opinion) my portfolio. S&P 500 in...
by MittensMoney
Fri Sep 21, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: Buying Put Options on the S&P 500
Replies: 22
Views: 2351

Re: Buying Put Options on the S&P 500

Define what 'reasonable' means in terms of the cost of the strategy, and you should have your answer. I can buy a 1/18/19 $260 Put on VOO for $4.60. If I did this for every share I own, it would cost 1.7% (4.6/269) per quarter, every quarter, if the market continued to rise. I'd also need to think a...
by MittensMoney
Mon Sep 17, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life vs Universal Life Insurance
Replies: 30
Views: 1798

Re: Whole Life vs Universal Life Insurance

Every financial advisor I've spoken with about this topic (they used to work at Northwestern Mutual, or USAA, etc., but now work at RIA's) say that mixing life insurance & investments doesn't work out for the consumer. Your best course of action is to buy Term Life Insurance, and then invest separat...
by MittensMoney
Fri Sep 07, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 131
Views: 8099

Re: Should I keep my financial advisor

2.5-3% is way too much. Fire him. You can get the same help (or better) for around 1% if you need it. At the very least, transfer to an advisor who's in that ballpark first and then you can go the DIY in the future if it makes sense. Use Mint, Personal Capital, Quicken, or build a spreadsheet to tra...
by MittensMoney
Wed Aug 29, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Just put $100K into TUR. Analysis inside
Replies: 71
Views: 3447

Re: Just put $100K into TUR. Analysis inside

Fun bet! I'm in! Although I'm not going to throw $100k at it like a lunatic :happy . Bought 4x 1/18/19 $20 calls and come 2019 may buy more ITM calls further out.
by MittensMoney
Fri Aug 17, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Best (cheapest) way to book a flight well in advance
Replies: 15
Views: 1734

Re: Best (cheapest) way to book a flight well in advance

Thanks, everyone. Flying from Denver to Liberia, prices seem to be $900-1100 round trip per person and Direct doesn't seem to be an option, mostly 1-stop so I guess I'll just aim for the shortest pit-stop (some are 7+ hours..) Seems pretty expensive but I guess with it being peak season I won't have...
by MittensMoney
Thu Aug 16, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Best (cheapest) way to book a flight well in advance
Replies: 15
Views: 1734

Best (cheapest) way to book a flight well in advance

We're taking a trip to Costa Rica in February 2019. It'll be a large family event with everyone flying down (parents, 4 siblings, 3 little ones), and we've already booked a large beachfront home on HomeAway. Now that accommodations are locked in, I'm looking at options to book the best flight. 'Best...
by MittensMoney
Tue Jul 31, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Are millennials botching their asset allocations?
Replies: 68
Views: 7824

Re: Are millennial botching their asset allocations?

Anecdotal evidence here, but nearly everyone I know who is earning enough to invest is in 100% equities. I'm on the younger side of the millennial generation and the 'YOLO' mentality is strong (take big risks, live for today). This will probably change after the next financial crisis/bear market, as...
by MittensMoney
Fri Jul 27, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Using Recruiters/Headhunters to find a new job?
Replies: 27
Views: 1066

Re: Using Recruiters/Headhunters to find a new job?

I'm a recruiter. Tell them your salary expectations. If your expectation is in line with current/prior comp, tell them that number. If it's higher, do you deserve a higher income in a new industry that's difficult to break into? If the answer is yes, then just tell them your salary expectation. To b...
by MittensMoney
Tue Jul 17, 2018 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 61
Views: 4215

Re: Buy a vacation home while renting

I second the renting route. AirBnB / VRBO / Homeaway / hotels can be had for reasonable rates and you'll have a lot more flexibility around where you go and how you spend your time. Added benefit is you'll avoid excess costs of owning a home which should allow you to aggressively pay down your stude...
by MittensMoney
Tue Jul 17, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 8039

Re: Tell me what's wrong with my strategy

Rather than individual stocks, you could invest in Small-cap and Mid-cap ETF's which should grow the portfolio more quickly over the next decade. However, I'm sure you saw NFLX dropped 7% this morning so how would you feel if you woke up to see about $2,000 evaporate? On certain days the entire FAAN...
by MittensMoney
Thu Jul 12, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 3188

Re: Grandpa's 88 and has term life insurance

At this point it sounds like he should just keep it. Not to sound morbid, but what're the chances he'll live past 97 years old and thus come out negative?
by MittensMoney
Wed Jun 06, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 8038

Re: Should I put some money aside in money market for market correction

Why go through the effort of selecting low cost investments and building a great, time-proven plan, only to then create a large cash drag on your portfolio performance by waiting for a correction?
by MittensMoney
Tue May 22, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio
Replies: 18
Views: 2372

Re: Schwab Intelligent Portfolio

6% cash, at a modest 4% return per year, is effectively 0.24% you're losing in gains - may as well be a 0.24% expense ratio. If the market has a good year and returns 10%, that number scales linearly. Given you want to be hands-off, it's not terrible and may or may not be better than other similar o...
by MittensMoney
Fri Apr 27, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: separately managed account -- worthwhile?
Replies: 20
Views: 2345

Re: separately managed account -- worthwhile?

It only seems worthwhile for folks who don't know how or can't be bothered to effectively tax loss harvest throughout the year, no?
by MittensMoney
Wed Apr 18, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 4340

Re: Broke up with my girlfriend for financial reasons: crazy?

You made the right decision. Her habits are ingrained and likely won't change, and if they do it'll be a battle every step of the way.. Not worth it. There are plenty more fish in the sea! You'll find someone who is more closely aligned with your goals, habits, and overall lifestyle and I think you'...
by MittensMoney
Wed Apr 11, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Are there any simple strategies that can help us squeeze better returns?
Replies: 45
Views: 3559

Re: Are there any simple strategies that can help us squeeze better returns?

Read about 'Covered Call Strategies'. Especially in times of side-ways market movement a covered call strategy can add % to your overall returns. Of course, no risk no reward, if the market goes gang-busters and shoots up you're at risk of not gaining as much of that run-up.
by MittensMoney
Thu Apr 05, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: SPOT [Investing in Spotify]
Replies: 45
Views: 3026

Re: SPOT [Investing in Spotify]

Pass on SPOT. Massively overvalued in my opinion, will continue falling from it's high of $160.
by MittensMoney
Mon Apr 02, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Recruiter from competitor
Replies: 20
Views: 3285

Re: Recruiter from competitor

I recruit away from competitors regularly and it's a very tough sell if we can't offer more than they currently make! Usually we offer less, but still frequently get hires because of things like corporate culture, work-life balance, and the equity component which could (potentially) make up the diff...
by MittensMoney
Fri Mar 23, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy in Miami?
Replies: 20
Views: 2107

Re: Rent or Buy in Miami?

Thanks for the input voodoo72. Coming from Denver where people are extremely friendly I think I'll be in for a bit of culture shock (in other ways as well!). We're pre-conditioned to spending a lot of $$ on rent coming from Denver so I luckily haven't encountered any real sticker-shock looking in Mi...
by MittensMoney
Thu Mar 22, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy in Miami?
Replies: 20
Views: 2107

Re: Rent or Buy in Miami?

Thank you all for the advice! It sounds like for peace of mind & the myriad other reasons mentioned, we should start by renting and then go from there. One point of clarity, she'll be attending Miami Dade Medical College which is nearby downtown Miami, so the commute would be 20-25 minutes from Coco...
by MittensMoney
Wed Mar 21, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy in Miami?
Replies: 20
Views: 2107

Rent or Buy in Miami?

Hi all, My GF and I are moving to Miami in August, she has been accepted into PA school and I will be allowed to work from home in my current position. We think we've found some places we'd like to live, Hallandale to be close to the beach, or Coconut Grove which seems like a nice area. Coconut Grov...
by MittensMoney
Wed Mar 21, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: How to conduct job search, hi tech industry
Replies: 14
Views: 1947

Re: How to conduct job search, hi tech industry

You can probably find work in LA or San Diego. Be aware that any recruiting/HR personnel within your current company will be able to see that you're Open to New Opportunities on LinkedIn, however given the circumstances you outlined I'm guessing a large amount of employees are doing the exact same t...
by MittensMoney
Fri Mar 16, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Colorado Summer Vacation - what to see and where to stay
Replies: 65
Views: 5564

Re: Colorado Summer Vacation - what to see and where to stay

If you end up going to Summit County, you can rent a boat on Lake Dillon which is quite fun. Big lake in the middle of the mountains.
by MittensMoney
Wed Mar 07, 2018 1:08 pm
Forum: Personal Consumer Issues
Topic: Best Colorado Skiing
Replies: 26
Views: 2127

Re: Best Colorado Skiing

If you're going on weekdays, I'd suggest Keystone, Breck, Vail or Beaver Creek. Vail and Beaver Creek, be prepared to spend $20 on parking. But, they're by far the biggest mountains! On a weekend, stick to Vail or Beaver Creek if you can - the others will be packed. Generally speaking, avoid skiing ...
by MittensMoney
Wed Jan 24, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 11184

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

Dropped my iPhone 4S on the ground 2 weeks ago, shattered the screen :( . Using my GF's old 6S now, honestly feels like a downgrade, much slower and no noticeable difference in quality of the screen apart from a slight size increase.
by MittensMoney
Fri Jan 19, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Subaru Forrester
Replies: 34
Views: 3140

Re: Alternatives to Subaru Forrester

Mazda CX-5 seems to be a favorite in this segment. I personally have a 2018 VW Tiguan which I've loved so far, but from research VW's can be hit or miss at higher mileage, fortunately I only drive <6,000 miles per year. It comes with a 6-year/72k bumper to bumper warranty which is an industry best a...
by MittensMoney
Thu Jan 04, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: Diversification: Is there any way to produce the same returns with less risk?
Replies: 52
Views: 6068

Re: Diversification: Is there any way to produce the same returns with less risk?

Yes, just look at the returns of Traditional S&P 500 fund (market-cap weighted) and an Equal Weigh S&P 500 fund.
by MittensMoney
Fri Dec 29, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Indexing stay away? - does article make valid points?
Replies: 18
Views: 3274

Re: S&P500 Indexing stay away? - does article make valid points?

I find the comment about ETF's being 'new & uncharted' to be laughable. There are only a few differences between an ETF & Mutual Fund, and MF's have been around for ages.
by MittensMoney
Wed Dec 27, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: The car dealership model needs to die
Replies: 85
Views: 5651

Re: The car dealership model needs to die

Stand firm and you'll get the advertised price. You will need to go into the dealership, and there is a risk of wasting 1-2 hours with nothing to show for it. But, after the needless back and forth with the salesman & his 'finance manager', you'll get the option to take their 'best price' or walk, y...
by MittensMoney
Thu Dec 21, 2017 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds
Replies: 97
Views: 15219

Re: Feels dumb to hold bonds - Currently 70% Stocks 30% Bonds

Personal choice obviously, but I don't hold any bonds. I'm a little younger, 27 years old, but knowing my money is going to be sitting in my 401k and Roth IRA for the next 4 decades means holding bonds will significantly hamper my growth. The caveat, of course, is that I'm fully confident I will buy...
by MittensMoney
Tue Dec 12, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 49
Views: 3971

Re: Play money individual stocks, which ones?

I hold a few individual stocks in my IRA. WIN - Bought 4/417, -63% SWCH - Bought 10/26/17, -25% T - Bought 6/20/17, -2% (after Div's I'm in the green) CELG - Bought 10/30/17, 9% OXY - Bought 04/25/17, 12% VZ - Bought 04/25/17, 13% TGT - Bought 04/04/17, 14% MARK - Bought 10/20/17, 158% Like most sto...
by MittensMoney
Wed Dec 06, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 10135

Re: Want to sell my Bitcoin, but when?

I don't think short-term or long-term gains apply to Bitcoin, it's viewed as property and not an investment. I think you pay income tax regardless of how long you've held, no?
by MittensMoney
Wed Nov 29, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Older Software Engineer Advice ~ Languages?
Replies: 41
Views: 4116

Re: Older Software Engineer Advice ~ Languages?

I work at a startup and our team considers our stack to be 'modern'. We develop an App for all mobile devices alongside the website. For front-end we're using: Javascript, React, Angular2, Backbone.js, and D3. Back-end we use: Java, MySQL, Spring, Hibernate, REST web services, and AWS This seems to ...
by MittensMoney
Mon Nov 13, 2017 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: What is the best app to use for trading stocks?
Replies: 7
Views: 1185

Re: What is the best app to use for trading stocks?

If you only want to trade Amazon and Google then I'd suggest Robinhood. It's free to trade. The App doesn't offer much else besides buying/selling shares but you can't beat the price.
by MittensMoney
Thu Nov 02, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Job search techniques and etiquette
Replies: 5
Views: 662

Re: Job search techniques and etiquette

I work in recruiting and my recommendation would be two-fold: 1) Set up 'passive' avenues where recruiters & companies are reaching out to you. This means posting your resume on Indeed, Monster.com, and within LinkedIn you can flag your profile as 'Open to Opportunities'. In Chicago with your backgr...
by MittensMoney
Tue Oct 31, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Using PersonalCapital, Mint, etc.... - and fraud concerns
Replies: 46
Views: 8523

Re: Using PersonalCapital, Mint, etc.... - and fraud concerns

You're at far greater risk of fraud logging in via your browser every time you want to check. Account theft happens via key loggers, so logging in to an App is better than typing in your credentials on your banks website.
by MittensMoney
Fri Oct 13, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: “Going Long Volatility”
Replies: 16
Views: 1468

Re: “Going Long Volatility”

I have play money on a RobinHood account. I wouldn't suggest going 'Long Volatility' unless you're versed in using options. What I do regularly is buy XIV every time VIX spikes, once the hysteria dies down and volatility returns to 'normal' you earn money - XIV is an inverse VXX product.
by MittensMoney
Fri Sep 29, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 8339

Re: I am in the investment advice industry and I'm not sure if I provide any value

Edwards Jones still manages close to a Trillion dollars. "I am a proponent of using a strategic allocation, and low cost well-diversified index funds." - That's all I need to hear to know that you are adding value to your clients lives. Not everyone needs your services, but there are millions of peo...