Search found 95 matches

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: 6702

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: 1605

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: 1588

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: 3583

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: 3168

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: 2704

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: 2690

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: 1780

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: 1780

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: 1780

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: 1729

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: 53
Views: 3733

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: 1907

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: 9686

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: 2386

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: 5753

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: 3039

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: 5231

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: 13553

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: 3530

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: 9535

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: 3774

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: 965

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: 607

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: 36
Views: 5587

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: 1304

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: 7761

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...
by MittensMoney
Tue Sep 05, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 6584

Re: personal capital

Personal Capital's advisory service isn't really intended for Bogleheads. It makes sense for any investor who currently works with a 'traditional' advisor (think Ed Jones, Schwab, Fidelity, Northwestern Mutual, Raymond James). Essentially, people that need help for whatever reason from an FA, should...
by MittensMoney
Thu Aug 03, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Nearing retirement and VPAS
Replies: 4
Views: 586

Re: Nearing retirement and VPAS

So you're aware, tax loss harvesting is completely different than mitigating taxes during the withdrawal phase. I think it'd be smart in your situation to have an advisor who will recommend the best sequence of withdrawal in order to minimize taxes, and I'd guess the CFP at Vanguard will be able to ...
by MittensMoney
Wed Jul 19, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: How Much Would You Spend on a Blender?
Replies: 47
Views: 4175

Re: How Much Would You Spend on a Blender?

We also bought a VitaMix, an amazing product and haven't looked back since. Great warranty, best quality, completely versatile device. You'll find yourself using it for more than you thought just because of its capabilities.
by MittensMoney
Tue Jul 18, 2017 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Net Worth?
Replies: 22
Views: 3455

Re: Personal Capital - Net Worth?

How do you guys feel about providing Personal Capital with their bank account logins, brokerage logins, etc. I tried to put in some stuff manually, and found it difficult. And for now, I'm not comfortable giving them my account info. They don't store any passwords or usernames, when you link an acc...
by MittensMoney
Fri Jul 14, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: PersonalCapital.com help
Replies: 21
Views: 2113

Re: PersonalCapital.com help

Zillow / zestimate can be a little figidity. I'd actually recommend uploading your Home Value as a Manual Asset and updating a few times a year rather than directly linking.
by MittensMoney
Thu Jun 29, 2017 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help! How do I choose a FA (I have to...)?
Replies: 16
Views: 1859

Re: Help! How do I choose a FA (I have to...)?

Search for RIA or Registered Investment Advisor in your town and surely there will be a fiduciary you can work with. Plus, many of them are sole proprietorship's which means you'll truly be supporting a small, local business rather than a mega corporation like the ones you listed.
by MittensMoney
Thu Jun 22, 2017 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is VG Total Stock Market Index too concentrated?
Replies: 52
Views: 5557

Re: Is VG Total Stock Market Index too concentrated?

Out of curiosity I looked at the RSP (S&P Equal Weighted Index) since inception vs. S&P Market Cap, only goes back the last 10 years so it's not phenomenal information but Equal Weight won fairly handily in that time frame. This is before fees so I doubt the results are as convincing when you factor...
by MittensMoney
Thu Jun 22, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Is VG Total Stock Market Index too concentrated?
Replies: 52
Views: 5557

Re: Is VG Total Stock Market Index too concentrated?

You're still pretty well diversified so I wouldn't worry too much. But, you're right. By buying TSM or S&P 500 you're directly investing more in large cap stocks, and also in tech & financials. It seems arbitrary to say that large cap stocks will perform better, and that tech & financial stocks will...
by MittensMoney
Wed Jun 21, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 6100

Re: Financial advisor question

GCCSX FRDTX HSSCX FNICX ECASX MCDVX The funds he has you in are pretty awful, and what's worse is that these are supposedly the 'better' funds he switched you INTO? Unbelievable. If there are costs associated with liquidating the funds, the Rep at whichever firm you decide to move to will tell you ...
by MittensMoney
Tue Jun 20, 2017 4:30 pm
Forum: Investing - Theory, News & General
Topic: Vanguard rides robo-advice wave to $65B in assets
Replies: 1
Views: 761

Re: Vanguard rides robo-advice wave to $65B in assets

Pretty exciting, although the part where it says only 500 financial advisors for $65 billion in assets seems like a stretch.
by MittensMoney
Tue Jun 20, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 6100

Re: Financial advisor question

Is it wrong to expect a detailed expense report to show where the fees are in the account? No, plenty of advisors (primarily RIA's) will do this for you, and many will do it without you having to ask them to. Do advisors typically keep track of fees that go to the funds and fees that go to him? Yes...
by MittensMoney
Tue Jun 20, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Commissioned Salesperson Opportunity
Replies: 8
Views: 1438

Re: Commissioned Salesperson Opportunity

A few thoughts. Do they pay the commission monthly, quarterly, or some other frequency? This combined with the length of the sales cycle will give you an idea of how steady your income will be. After the sale, does anything else impact you receiving full commission? Some roles and companies include ...
by MittensMoney
Tue Jun 13, 2017 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Variable Life Insurance as an Investment Vehicle
Replies: 39
Views: 3954

Re: Variable Life Insurance as an Investment Vehicle

I'm sure you've figured it out by now, but this guy is trying to sell you a garbage product for a large payout. I work with numerous ex-employees of AXA, NY Life, Northwestern Mutual, etc., and they are all well aware that there are a million better ways for someone in your specific situation to put...
by MittensMoney
Mon Jun 12, 2017 4:57 pm
Forum: Investing - Theory, News & General
Topic: How does the fiduciary rule affect Vanguard?
Replies: 4
Views: 1434

Re: How does the fiduciary rule affect Vanguard?

Their product mix is unlikely to cause any breach of fiduciary duty so I think they're safe in that department. However as a broker the implementation of the rule (additional paperwork, training, and compliance) won't be friendly to their margins which are already razor thin.
by MittensMoney
Thu Jun 08, 2017 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with a personal finance cynic
Replies: 109
Views: 8787

Re: How to deal with a personal finance cynic

A journey of a thousand miles begins with a single step. Ask him if he wants to retire at some point, even if that means working until 80. If the answer is yes, he needs to begin investing and it doesn't need to be a huge amount as long as it's something.
by MittensMoney
Tue Jun 06, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: What really happens in a bear market?
Replies: 37
Views: 5553

Re: What really happens in a bear market?

There are two parts to this. Number one, don't sell your assets, they will recover eventually. Number two, continue to put money into the market as you normally would, those assets will be bought at lower prices and thus gain more as the market recovers. If you do both of those things then the bear ...
by MittensMoney
Tue May 23, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: 21 yr old sons Roth IRA
Replies: 23
Views: 2010

Re: 21 yr old sons Roth IRA

I'd put 100% of the contributions into the Vanguard S&P 500 ETF (VOO)
by MittensMoney
Fri May 19, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones vs Vanguard self managed
Replies: 29
Views: 3738

Re: Edward Jones vs Vanguard self managed

First of all, rebalancing has no chance of adding 1.44% to your returns each year. Second, you're paying far more than 1.44% when you factor in Expense Ratios, front or back-end loads, and trade costs (incurred every time he rebalances). Ed Jones is far too costly, even if you want a fully managed a...
by MittensMoney
Mon May 15, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Who owns your data - revisiting the API
Replies: 2
Views: 751

Re: Who owns your data - revisiting the API

Personal Capital also uses Yodlee to aggregate. Yodlee accesses data via API's.

Most of the aggregation websites have a pledge somewhere within their website saying "We will never share or sell your data with anyone." But, that doesn't mean they won't take it a look at it internally.
by MittensMoney
Wed Apr 26, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 5473

Re: $1m capital gains, worth it to simplify and index?

I'd leave it as is for the foreseeable future. Tax treatment of these gains could look very different by the time the new administration's changes are in place and you could benefit greatly by waiting.
by MittensMoney
Fri Mar 03, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Why would I buy Bonds now?
Replies: 33
Views: 8732

Re: Why would I buy Bonds now?

It is true bonds are inversely correlated to interest rates, so as rates rise, bond prices fall (and vice versa). This has driven many to believe bonds are toxic, and investors are better off staying in cash when faced with a potential rising rate environment, such as now. But the extent of this rel...
by MittensMoney
Tue Feb 28, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: Starter Check- Scam possibility?
Replies: 35
Views: 3373

Re: Starter Check- Scam possibility?

I had never used a check in my life prior to leasing a parking space near my office. The leasing company only accepts payment in the form of checks, so rather than ordering an entire checkbook for this one expense, I walk two blocks to Wells Fargo and have them print me 12 checks. Now, these checks ...