Search found 105 matches

by MittensMoney
Mon Sep 17, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Whole Life vs Universal Life Insurance
Replies: 24
Views: 943

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: 130
Views: 7450

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: 3229

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: 1646

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: 1646

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: 7637

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: 1004

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: 4005

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: 7715

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: 3083

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: 7502

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: 1877

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: 1916

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: 3983

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: 3344

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: 2884

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: 3206

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: 2046

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: 2046

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: 2046

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: 1859

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: 5336

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: 2045

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: 10426

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: 2737

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: 5928

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: 3181

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: 5465

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: 14474

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: 3738

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: 9883

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: 3910

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: 1076

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: 640

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: 6580

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: 1398

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: 7984

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: 7153

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: 613

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: 4416

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: 3598

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: 22
Views: 2507

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: 1950

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: 5877

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: 5877

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: 6370

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: 784

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: 6370

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: 1515

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 ...