Search found 168 matches

by MittensMoney
Fri Jul 12, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Timing the market
Replies: 28
Views: 1686

Re: Timing the market

SPY just crossed $300 and money is about to get 25 bps cheaper when the FED cuts rates again.. I've heard 'them' say we're pretty much on an upward trajectory until the next Presidential election. You've got 18 years, present day / next week / next month / next year should be meaningless to you, and...
by MittensMoney
Fri Jul 12, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What would you charge if you were a FA?
Replies: 29
Views: 1952

Re: What would you charge if you were a FA?

I would charge 1% with a cap of $3,000 per year ($300,000 portfolio or higher all pay the same amount.) Charge in arrears, build 3-fund portfolios, provide sound financial advice and if someone has the aptitude, time and inclination to manager their own assets then encourage them to fire you once th...
by MittensMoney
Thu Jul 11, 2019 5:40 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4000

Re: How do most advisors produce client returns?

Is it common practice for financial advisors to increase the risk profile to compete with an index portfolio Absolutely not, nor do they need to. Here's how I'd imagine the conversation going: Client - "Why isn't my portfolio beating the S&P 500 index?" Advisor - "The S&P 500 index is 100% stocks. ...
by MittensMoney
Thu Jul 11, 2019 5:25 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4000

Re: How do most advisors produce client returns?

But, it's amazing how well some folks can talk themselves into how much their FA is doing for them and the added costs are well worth the "tremendous returns". . . . I've spoke to quite a few seniors who have voiced this. . . . . oh well. . . . :oops: j Imagine you had a million dollar portfolio in...
by MittensMoney
Thu Jul 11, 2019 4:05 pm
Forum: Personal Investments
Topic: New guy in need of opinion
Replies: 15
Views: 1467

Re: New guy in need of opinion

You just took a 4-figure paycheck out of his hands that he thought was a 'sure thing'. Kudos!
by MittensMoney
Thu Jul 11, 2019 3:44 pm
Forum: Personal Investments
Topic: How do most advisors produce client returns?
Replies: 57
Views: 4000

Re: How do most advisors produce client returns?

Is it common practice for financial advisors to increase the risk profile to compete with an index portfolio Absolutely not, nor do they need to. Here's how I'd imagine the conversation going: Client - "Why isn't my portfolio beating the S&P 500 index?" Advisor - "The S&P 500 index is 100% stocks. ...
by MittensMoney
Thu Jul 11, 2019 1:47 pm
Forum: Personal Investments
Topic: Anyone else have VG phone reps push toward PAS?
Replies: 27
Views: 1915

Re: Anyone else have VG phone reps push toward PAS?

Vanguard is still a Broker-Dealer, why are you surprised that they at least attempted to upsell you on a product?
by MittensMoney
Wed Jun 26, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: FDIC insured up to $1 million? How is that possible?
Replies: 21
Views: 1659

Re: FDIC insured up to $1 million? How is that possible?

Personal Capital's $1.25 million FDIC insured cash account does a decent job at explaining how the program works: https://www.personalcapital.com/cash https://www.personalcapital.com/faq https://www.personalcapital.com/personal-capital-cash-disclosures/ Good to note that you can only deposit $250k a...
by MittensMoney
Fri Jun 14, 2019 12:20 pm
Forum: Personal Investments
Topic: Why are my Vanguard returns suddenly so low?
Replies: 40
Views: 6307

Re: Why are my Vanguard returns suddenly so low?

They calculate your return on a rolling basis, and you can probably toggle Year-to-Date, past month, past year, since inception, etc., rates of return. If you invested money on September 15th, 2018 your rate of return on those assets would be 0%, so as you can see the time frame used to evaluate ret...
by MittensMoney
Thu Jun 13, 2019 4:32 pm
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9153

Re: The Case Against ETFs

Compare the mutual funds that Bogleheads actually use and their ETF counterparts. For a 3-fund portfolio properly managed per Boglehead standards the ONLY discernible difference is the preferable tax treatment of ETFs. In my mind that makes ETFs the winner.
by MittensMoney
Tue Jun 11, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Cash
Replies: 22
Views: 3034

Re: Personal Capital Cash

I moved $5,000 into it, as an emergency emergency fund. Been wanting to move away from Wells Fargo anyway and honestly the set-up and transfer for this Cash account was incredibly simple. Debit card would be a useful addition in the future but considering this money has no particular purpose I don't...
by MittensMoney
Fri Jun 07, 2019 5:52 pm
Forum: Personal Consumer Issues
Topic: Gift for niece who is graduating as a Physician Assistant.
Replies: 33
Views: 3129

Re: Gift for niece who is graduating as a Physician Assistant.

Can second the recommendation for a Figs.com giftcard, my girlfriend will only wear scrubs from them now.

Edit: as mentioned above me, their website isn't actually 'figs.com'. But it's the Figs brand of scrubs.
by MittensMoney
Fri Jun 07, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer includes stock options. What do I need to know?
Replies: 7
Views: 690

Re: Job offer includes stock options. What do I need to know?

They may or may not be willing to give you this information, but here's what you'd need to know in order to "value" your options package (keeping in mind that unless the company is sold or goes public the "value" will remain on paper only) - strike price of the options on your grant, and are they NS...
by MittensMoney
Thu Jun 06, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Software
Replies: 24
Views: 2194

Re: Personal Capital Software

third-party software does not store your passwords. It's not how this works. Passwords HAVE TO BE STORED somewhere in order to allow loggin into your borkerages/banks. They use Yodlee for that - their claim is Yodlee is impenetrable from security standpoint. I do not buy that. I'm always confused b...
by MittensMoney
Thu Jun 06, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital Software
Replies: 24
Views: 2194

Re: Personal Capital Software

Personal Capital uses a read-only API connection which is the safest way to link your accounts to anything. If you're still uncomfortable then enter the info manually -- I would recommend AGAINST changing your passwords periodically to link/de-link them to the software, the simple act of keying your...
by MittensMoney
Thu May 16, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4175

Re: Reservations about job offer

Seems like a pretty big red flag to me. The team not inherently trusting the person selected to come and lead them indicates they don't trust (or respect) senior leadership. That would be a persistent cultural issue. Just my 2 cents.
by MittensMoney
Thu May 16, 2019 11:36 am
Forum: Investing - Theory, News & General
Topic: Will ETFs Replace Traditional Funds
Replies: 87
Views: 4978

Re: Will ETFs Replace Traditional Funds

The only credible argument I've heard for investing in one or the other is when investing in a taxable account: i.e. using ETF's is more tax efficient due to the way MF's distribute capital gains when they sell holdings within the fund. Makes no difference in an IRA though.
by MittensMoney
Wed May 15, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Stock Options?
Replies: 11
Views: 714

Re: Stock Options?

Teach him/her a first lesson in negotiation. Get the startup to pay $60k + options Agreed. I really regret not negotiating my first job, and not negotiating harder on my second (got 16% more salary but should've pushed for more options too). New grad negotiating for 20% higher salary on top of the ...
by MittensMoney
Tue May 14, 2019 5:44 pm
Forum: Personal Investments
Topic: One time fee only advisor - costs?
Replies: 20
Views: 1871

Re: One time fee only advisor - costs?

Just a note - if there is one nearby, you should seek out an advisor who has the CPA designation. The tax knowledge for your rental properties won't necessarily be in the wheelhouse of your average FA.
by MittensMoney
Wed May 08, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question about FDIC limit
Replies: 9
Views: 1040

Re: Question about FDIC limit

Open a new account at a new bank. You can cover $1 million with FDIC coverage if you're willing to have 4 accounts at 4 different banks.
by MittensMoney
Tue May 07, 2019 11:19 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13693

Re: I tried to fire my financial advisor of 12 years today...

Your advisor is paying himself 1.5% of your life savings, yearly. And, he's putting your money into expensive, underperforming funds which again pay him a % for using them rather than a better investment. He has been paid tens of thousands, or likely over $100k, to manage your assets. Cut ties, and ...
by MittensMoney
Thu May 02, 2019 5:53 pm
Forum: Investing - Theory, News & General
Topic: Short BYND? (beyond meat, IPO today)
Replies: 76
Views: 5215

Re: Short BYND? (beyond meat, IPO today)

Trading at $72 gives them a $4.5 billion valuation. They had $88m in 2018 sales, so trading about 52x sales. Seems wildly overvalued for a company selling burgers at 25% margins. But, maybe the revenue growth rate will be so astronomically high that the market believes it's a fair price.. Still gamb...
by MittensMoney
Thu May 02, 2019 5:27 pm
Forum: Investing - Theory, News & General
Topic: “If Some Part Of Your Portfolio Isn’t Performing Poorly, You Are Not Properly Diversified”
Replies: 34
Views: 2586

Re: “If Some Part Of Your Portfolio Isn’t Performing Poorly, You Are Not Properly Diversified”

Random Walker wrote:
Thu May 02, 2019 10:31 am
Certainly TSM portfolios have pretty much been hitting on all cylinders for a while now.
Individual stocks you hold within your TSM portfolio ARE performing poorly, you just don't see it because you're viewing the aggregate performance. Working as planned :sharebeer
by MittensMoney
Tue Apr 30, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Getting Laid off
Replies: 34
Views: 4633

Re: Need Advice - Getting Laid off

Seems highly unlikely they'll pay you for time you had planned to take off in the future. Best thing you could do is start taking it ASAP. "There is nothing in the policy that states this benefit can be removed at their discretion for any one individual." The above seems like a pretty weak argument ...
by MittensMoney
Fri Apr 26, 2019 5:04 pm
Forum: Personal Investments
Topic: Gambling with "fun money" (Penny stocks, other ideas?)
Replies: 43
Views: 3397

Re: Gambling with "fun money" (Penny stocks, other ideas?)

Throw a few dollars on Options for upcoming Earnings Reports.
by MittensMoney
Fri Apr 26, 2019 10:42 am
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 6671

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

You'd need substantially more money before tax-loss-harvesting begins to really become an earner. With ~150k in taxable accounts you might only see a few hundred gain-harvested dollars per year and their fee will swallow that up and then some.
by MittensMoney
Thu Apr 25, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Financial Advisor
Replies: 41
Views: 2085

Re: Becoming a Financial Advisor

Give it a go. There was a post a few days ago about how easy it is to get the Series 65 license, so you can hang your own shingle as an RIA doing that. Unsure what the start-up and ongoing regulatory costs are as an RIA, but looking at small firms on https://www.adviserinfo.sec.gov/IAPD/Content/Sear...
by MittensMoney
Tue Apr 23, 2019 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Suddenly, even lower opinion of financial planners/money managers
Replies: 67
Views: 5936

Re: Suddenly, even lower opinion of financial planners/money managers

I'd actually argue that at this point, you're well qualified to be a financial advisor. As people on this forum know - it's not that difficult to manage your money well, and yet despite that fact we see millions of people failing to do so. You had the knowledge, now you have the license, and you can...
by MittensMoney
Tue Apr 23, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: I'm evaluating Quicken 2019 vs Personal Capital
Replies: 13
Views: 1392

Re: I'm evaluating Quicken 2019 vs Personal Capital

Quicken will be an all around more powerful tool for what you're seeking, and since you've already paid for it you might as well learn it - definitely will have a steeper learning curve than PC but it can also do more. Agree on the outdated UI, but it's the numbers that matter and looking pretty sho...
by MittensMoney
Mon Apr 22, 2019 1:57 pm
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2598

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

...As far as I can tell, this would only be helpful if there was a capital gain that I had to realize. Correct, the strategy isn't about realizing capital gains when you have to , it's about realizing gains opportunistically when you have offsetting losses so that your overall tax bill is less when...
by MittensMoney
Mon Apr 22, 2019 1:47 pm
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2598

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

It doesn't reduce your overall tax liability. But it does reduce your overall tax liability, that's the entire point. Negating capital gains year after year by offsetting gains with losses will lead to less capital gains taxes when you eventually sell your assets to fund retirement. In my (poorly w...
by MittensMoney
Mon Apr 22, 2019 11:44 am
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2598

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

If your funds are in taxable, you can get max $3k deduction per year on your ordinary income. Let's assume the $3k deduction saves you $1,500 in taxes per year. Don't ignore offsetting gains with losses though. The goal of efficient TLH is to net the maximum $3k deduction, then additionally offset ...
by MittensMoney
Thu Apr 18, 2019 4:29 pm
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2598

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

If your funds are in taxable, you can get max $3k deduction per year on your ordinary income. Let's assume the $3k deduction saves you $1,500 in taxes per year. Don't ignore offsetting gains with losses though. The goal of efficient TLH is to net the maximum $3k deduction, then additionally offset ...
by MittensMoney
Tue Apr 16, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 100
Views: 15827

Re: Do not use Personal Capital

Just to reiterate what's on their privacy page, no employee at Personal Capital has access to your account names or passwords. Everything is read only, your credentials are stored as a Hash, and therefore the risk of someone stealing or moving your money from any of the accounts you've linked is as ...
by MittensMoney
Mon Apr 15, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Interview advice needed - specific question around departure from company
Replies: 4
Views: 702

Re: Interview advice needed - specific question around departure from company

Just tell them the truth, succinctly, and then answer follow up questions if they ask any. Moving back to the US for family reasons is a great reason to leave a job, and the fact that you're working an extended period to successfully transition your role onto others within the firm indicates that it...
by MittensMoney
Fri Apr 12, 2019 3:35 pm
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 6006

Re: Savings by 30?

Seems like you're doing well for yourself - to give some perspective I recently turned 29 and have ~50k across my accounts.
by MittensMoney
Wed Apr 10, 2019 10:17 am
Forum: Personal Investments
Topic: Does a company 401k need a financial planner?
Replies: 32
Views: 2046

Re: Does a company 401k need a financial planner?

Lol... No. I have a long-time friend who is a financial advisor and his book primarily consists of overseeing 401k plans for small & medium sized businesses. He makes a killing, and the reason he makes really good money is because he "throws some business" towards his wholesaler buddies who then ins...
by MittensMoney
Wed Apr 10, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Is a work-at-home job have the same expectations as the office job?
Replies: 63
Views: 3597

Re: Is a work-at-home job have the same expectations as the office job?

My thought was that a normal job allows for a (2) 15 minute breaks plus (1) 30 minute lunch break each day. I would think that employers would have the same rules for employees that work at home too. Is this not a correct understanding? I'd avoid working for any employer who enforces this... Work f...
by MittensMoney
Wed Apr 03, 2019 1:43 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1989

Re: ZERO cost mutual funds??

People seem to be completely unaware of Bid-Ask spreads, you can drive the Expense Ratio to zero and still make money there.
by MittensMoney
Thu Mar 14, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Employee stock options investment thesis?
Replies: 29
Views: 1735

Re: Employee stock options investment thesis?

But the time value decreased over 1 year (it converges to $0 at expiration).
But my ISO's don't have an expiration date.
by MittensMoney
Thu Mar 14, 2019 10:29 am
Forum: Personal Investments
Topic: Moving out of ETF into growth stocks.. To do or not to?
Replies: 40
Views: 2009

Re: Moving out of ETF into growth stocks.. To do or not to?

Growth stocks are also the ones losing 50-80% of their value in a 2000 or 2008 type scenario.
by MittensMoney
Fri Mar 08, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Employee stock options investment thesis?
Replies: 29
Views: 1735

Re: Employee stock options investment thesis?

This doesn't change the fundamental discussion about choosing to diversify vs. holding value in a single stock though. At any given point in time, you can turn your option into a known amount of cash...do you want to keep that value in the option, or diversify it by buying an index fund? The point ...
by MittensMoney
Thu Mar 07, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital glitch
Replies: 7
Views: 730

Re: Personal Capital glitch

I think you're saying the joint account is being double-counted? If that's the case, I'd pick the simpler of the two individual accounts (if there's any meaningful difference) and enter that one manually.
by MittensMoney
Thu Feb 28, 2019 5:27 pm
Forum: Personal Investments
Topic: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?
Replies: 46
Views: 2454

Re: Why Does a Custom Variable Universal Life Insurance Policy Not Make Sense For Me?

Your money is locked into the policy for life, or you have to pay 0.25% to borrow it from yourself if you ever want/need to. If VTSM returns less, say 6% rather than 7.79%, how does that change the value proposition? Things like estate tax thresholds & federal and state capital gains taxes can chang...
by MittensMoney
Wed Feb 27, 2019 7:02 pm
Forum: Personal Investments
Topic: Advisory Web platforms - Some thoughts
Replies: 15
Views: 861

Re: Advisory Web platforms - Some thoughts

Point being, to create something like you've described would take multiple years and it would cost millions of dollars to develop - things like data analysis with rich visualization, machine learning, what-if modeling, wizard-like systems to guide the user, integration to institutional API's, knowle...
by MittensMoney
Wed Feb 27, 2019 6:19 pm
Forum: Personal Investments
Topic: Advisory Web platforms - Some thoughts
Replies: 15
Views: 861

Re: Advisory Web platforms - Some thoughts

To your question of "Why hasn't anyone created a more comprehensive platform" - the obvious answer is that it's incredibly difficult to create such a thing. There are professional platforms used by advisors, such as eMoney, MoneyGuide Pro, etc., which you may be able to buy a license to.
by MittensMoney
Thu Feb 14, 2019 6:45 pm
Forum: Personal Investments
Topic: Missed the Boat!!
Replies: 47
Views: 6373

Re: Missed the Boat!!

Well at this point you're pretty much guaranteed to see the market tank 20% the week you put your money back in the market. Better hold out!
by MittensMoney
Wed Jan 30, 2019 6:27 pm
Forum: Personal Investments
Topic: Currently at Personal Capital, need advice
Replies: 17
Views: 1527

Re: Currently at Personal Capital, need advice

From my understanding they do a fair bit of tax-loss harvesting so I'd get clarity on trades made within the past month to avoid any wash sales during liquidation. Also, given you have a large taxable account there, take a look at what 'gains' they've created in 2018 through that TLH approach. I'd b...
by MittensMoney
Fri Jan 25, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - quit 6-figure job to do coding school?
Replies: 118
Views: 9612

Re: Need Advice - quit 6-figure job to do coding school?

I've helped our Team interview a fair number of engineers for our front & back-end teams. Folks that come thru coding schools rather than an actual degree in CS don't have the same quality, and usually fail our coding challenge. We've yet to hire one because in the Bay Area there's a lot of talent t...