Search found 74 matches

by MittensMoney
Wed Dec 06, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 88
Views: 7641

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: 3256

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: 631

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: 453

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: 22
Views: 1762

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: 1001

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: 6804

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: 40
Views: 4509

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: 502

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: 3546

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: 2958

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: 1853

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: 1619

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: 4821

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: 4821

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: 5372

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: 690

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: 5372

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: 1161

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: 3018

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: 1236

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: 7559

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: 4853

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: 1809

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: 2751

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: 650

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: 4923

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: 18
Views: 4690

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: 2942

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 ...
by MittensMoney
Tue Feb 28, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: What's Happened to Vanguard Reps?
Replies: 17
Views: 2403

Re: What's Happened to Vanguard Reps?

Vanguard pays the least and the working environment is archaic. Their workforce reflects that reality.
by MittensMoney
Fri Feb 24, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]
Replies: 43
Views: 5678

Re: VTIAX now has 0.11% ER [Vanguard Total Int'l Stock, Admiral Class]

I'm a little confused, why would anyone pay 0.11% for VTIAX when VTI is only 0.05%?
by MittensMoney
Tue Feb 21, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest with the Robinhood app?
Replies: 12
Views: 1659

Re: Should I invest with the Robinhood app?

I use Robinhood for all of my taxable investments, it is completely free to trade in and out of positions and costs nothing to add or withdraw your money. Yes, it encourages day trading, but invest the way you would normally and you'll be good to go. I use TD Ameritrade for my Roth IRA and use their...
by MittensMoney
Thu Feb 16, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to compare returns?
Replies: 5
Views: 563

Re: How to compare returns?

The responses to your question seem a bit naive/uninformed. For one, yes those numbers are net of ALL fee's (expense ratios + management fees). Personal Capital also conducts Tax Loss Harvesting on a granular level within your portfolio, ask your advisor about the impact that is having on your portf...
by MittensMoney
Mon Feb 13, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone have $0 in cash (except for bills), not even an emergency fund?
Replies: 45
Views: 2755

Re: Does anyone have $0 in cash (except for bills), not even an emergency fund?

I don't carry anything in cash. The exception being that my direct deposit hits my bank account, and within a few days I pay rent & other monthly expenses prior to transferring the remainder to investment accounts. The reasons I'm comfortable doing this: 1) 27 years old, single, expenses are pre...
by MittensMoney
Thu Feb 09, 2017 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should I still get a Fin Advisor if I only want a lazy portfolio?
Replies: 29
Views: 2841

Re: Should I still get a Fin Advisor if I only want a lazy portfolio?

First and foremost, ensure whoever you work with is a Fiduciary. Second, someone who can implement a smart Tax-Loss Harvesting plan on your behalf will be worthwhile, at your income level with the amount you'll be investing in taxable accounts a well implemented TLH strategy can have a large impact.
by MittensMoney
Wed Jan 04, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 33662

Re: Vanguard Customer Service

I work with a handful of folks who used to work at Vanguard. General consensus is that their workforce is overworked, underpaid, and using archaic systems. Vanguard has amazing prices, which means they have to cut costs.
by MittensMoney
Fri Dec 23, 2016 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How should I treat equities when evaluating my asset allocation?
Replies: 17
Views: 1371

Re: How should I treat equities when evaluating my asset allocation?

It sounds like they are domiciled in the US. If they are blue chip stocks, count them as US Equities. And if you care for more detail, consider them Mega or Large Cap equities depending on what they are. The S&P 500 is comprised of companies that for the most part do a ton of their business inte...
by MittensMoney
Thu Dec 22, 2016 6:46 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Advisory Service is undercutting Vanguard at only 0.28% AUM not 0.30%
Replies: 10
Views: 1554

Re: Schwab Intelligent Advisory Service is undercutting Vanguard at only 0.28% AUM not 0.30%

Schwab Intelligent Portfolio's is free. Schwab Intelligent Advisory is 0.28%, for a Schwab Intelligent Portfolio + an advisor resource. Keep in mind, you get the same portfolio which includes a large cash position which drags on your performance.
by MittensMoney
Thu Dec 22, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: I need "high net worth" investing advice please
Replies: 85
Views: 20889

Re: I need "high net worth" investing advice please

If you're looking for someone to handle it for you, two best options: Vanguard Personal Advisor, and Personal Capital. Both will get you a dedicated FA, I'm not positive if VPAS qualifies as a fiduciary but as close as a broker can come to it, and PCAP is a fiduciary. They will invest for you and gu...
by MittensMoney
Wed Dec 21, 2016 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: TD ameritrade No transaction funds
Replies: 17
Views: 1599

Re: TD ameritrade No transaction funds

Double check with your employer, I think ETFs may be allowed as it would be very odd to restrict investments to ONLY mutual funds. I can see the restriction being upon individual stocks, etc..
by MittensMoney
Wed Dec 21, 2016 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me get back into the market
Replies: 31
Views: 5095

Re: Help me get back into the market

It's a psychological block. Invest 8% of the total amount into the market every month for the next year, and if there happens to be a market correction between then and now go ahead and invest the entire remaining amount.
by MittensMoney
Wed Dec 21, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: Is anyone using Wealthfront?
Replies: 5
Views: 1424

Re: Is anyone using Wealthfront?

Either give them everything or give them nothing, as others have noted since they rebalance frequently so you'll encounter wash sale complications. Frankly I'd avoid it entirely unless you really don't enjoy managing your own money. There's nothing wrong with the way they do things (assuming you're ...
by MittensMoney
Thu Dec 15, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is Financial Planning a profession? Michael Kitces says "no"
Replies: 13
Views: 1780

Re: Is Financial Planning a profession? Michael Kitces says "no"

A Certified Financial Planner (CFP) at an RIA checks all of these boxes. So, my conclusion is: Yes, financial planning is a profession. But, is everyone in the industry a professional? No.
by MittensMoney
Mon Dec 12, 2016 11:51 am
Forum: Investing - Theory, News & General
Topic: Why not own every stock sector & rebalance?
Replies: 26
Views: 2365

Re: Why not own every stock sector & rebalance?

Personally I invest in sector ETF's to add balance to VTI/VOO exposure. Most people believe market cap weighting is just fine, no issues. My preference is to add exposure to utilities, telecomm, etc., simply to capture gains in sectors that are underexposed in the common large index funds. I pay sli...
by MittensMoney
Thu Dec 08, 2016 1:15 pm
Forum: Investing - Theory, News & General
Topic: Explain why Rebalancing isn't Market Timing?
Replies: 241
Views: 11471

Re: Explain why Rebalancing isn't Market Timing?

Market timing is the strategy of making buy or sell decisions of financial assets (often stocks) by attempting to predict future market price movements. Rebalancing is making buy and sell decisions on financial assets in an attempt to maintain a specific asset allocation. Doing so on a select day of...
by MittensMoney
Tue Nov 29, 2016 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Preliminary capital gains estimate
Replies: 10
Views: 1255

Re: Preliminary capital gains estimate

This sort of capital gain can be avoided by using ETF's rather than Mutual Funds.
by MittensMoney
Thu Nov 10, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Betterment vs Weathfront vs Vanguard
Replies: 13
Views: 5634

Re: Betterment vs Weathfront vs Vanguard

If you're only wanting them to manage a Roth, and not a variety of accounts, I'd suggest you self-manage. All 3 of those options are going to use low cost ETFs, usually only 3-5 of them total. You can easily build the same portfolio for yourself, for free. Tax loss harvesting won't apply because it'...
by MittensMoney
Fri Sep 16, 2016 9:52 am
Forum: Investing - Theory, News & General
Topic: market timing
Replies: 41
Views: 3276

Re: market timing

You can use Dollar Cost Averaging to help yourself sleep at night. Commit to investing all of your money over a set number of months (even a dozen or more if need be). If this will help you limit your stress over the situation it will be worth it.
by MittensMoney
Tue Sep 13, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective Employer Wants Salary History & Desired Salary
Replies: 265
Views: 23040

Re: Prospective Employer Wants Salary History & Desired Salary

So the employer has contacted me after the initial interview asking about my current salary and my desired salary before they commit to making an offer. I've included a link below to my previous post on the subject... which, suffice to say, I'm being significantly underpaid at the moment. What kind...
by MittensMoney
Fri Aug 26, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner to investment planning
Replies: 7
Views: 779

Re: Beginner to investment planning

This all seems very reasonable, and your options in the 401k seem decent. In your Roth, Small Caps are a good choice due to expected growth, but additionally you should see if any of the investments you'd like to hold pay a decent dividend. If you have a decent dividend paying ETF, it can be smart t...