Search found 839 matches

by Whakamole
Sat Jan 19, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 61
Views: 15699

Re: Why I left Wealthfront

...They've changed their business plans enough times that there's no telling what it will be next year... This, to me, is the salient feature of Wealthfront and a good reason to avoid them. The company began in 2008, under the name "Ka-Ching!;" NYT headline, "Site Lets Investors See and Copy Expert...
by Whakamole
Sat Jan 19, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 61
Views: 15699

Re: Why I left Wealthfront

But tlh by ourself is not as frequent, simple or effortless as in the robo. And in a generally sideways market or losing market, people do not tlh aggressively. Case in point is the q4 last year. Most non robo buy and hold investors are probably showing less value in the account with no harvested l...
by Whakamole
Sat Jan 19, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 61
Views: 15699

Re: Why I left Wealthfront

So, to me, it appears that wealthfront fee at 0.25% was not a problem. I am waiting for the tax forms but barring something weird in the tax forms , I am thinking of moving all my taxable account there during the year Is this position naive? Yes. They've changed their business plans enough times th...
by Whakamole
Sat Jan 19, 2019 12:51 pm
Forum: Investing - Theory, News & General
Topic: Why I left Wealthfront
Replies: 61
Views: 15699

Re: Why I left Wealthfront

So, to me, it appears that wealthfront fee at 0.25% was not a problem. I am waiting for the tax forms but barring something weird in the tax forms , I am thinking of moving all my taxable account there during the year Is this position naive? Yes. They've changed their business plans enough times th...
by Whakamole
Sat Jan 19, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 57
Views: 6038

Re: The NY Times calls us a cult but in a good way

That quote doesn't seem correct at all.
by Whakamole
Wed Jan 16, 2019 6:45 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 847
Views: 43473

Re: John Bogle is dead at 89

Rest in peace, Mr. Bogle.
by Whakamole
Tue Jan 15, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage Form 1099 for 2018
Replies: 7
Views: 719

Re: Vanguard Brokerage Form 1099 for 2018

RickBoglehead wrote:
Tue Jan 15, 2019 4:05 pm
Whakamole wrote:
Tue Jan 15, 2019 3:08 pm
RickBoglehead wrote:
Tue Jan 15, 2019 12:13 pm
The 1099 for brokerage won't be available until mid-February. The 1099 for mutual funds (old system) will be available now.
The 1099-R is out now, I also received an email.
Ah. Can't do my taxes with just a 1099-R.
Me neither, but at least one of the tax forms is out right now.
by Whakamole
Tue Jan 15, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Brokerage Form 1099 for 2018
Replies: 7
Views: 719

Re: Vanguard Brokerage Form 1099 for 2018

RickBoglehead wrote:
Tue Jan 15, 2019 12:13 pm
The 1099 for brokerage won't be available until mid-February. The 1099 for mutual funds (old system) will be available now.
The 1099-R is out now, I also received an email.
by Whakamole
Tue Jan 15, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: How to avoid temptation to buy hot stocks or bitcoin?
Replies: 63
Views: 4237

Re: How to avoid temptation to buy hot stocks or bitcoin?

I'm not a follower of OddStats, but this just went up yesterday. He lost a significant amount of money by daytrading, not at first, but eventually his luck ran out.

https://twitter.com/OddStats/status/1084900171836604416
by Whakamole
Mon Jan 14, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the 0.1%
Replies: 31
Views: 4315

Re: Asset Allocation of the 0.1%

A lot of the "private equity" opportunities I've seen are invested in various forms of property and equivalents. This means that as much as 40% or more of the ultra-wealthy's Family Estate is in real estate. I don't know where you are getting this from. Private equity can include a lot of things. D...
by Whakamole
Sat Jan 12, 2019 2:53 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 103
Views: 5743

Re: Any thoughts on the role of Gold in your portfolio?

There is a lot of reading to be had: https://www.google.com/search?sitesearch=bogleheads.org&q=gold A list of every time the word "gold" has been used on this site doesn't really address my questions though. I clicked on the link, and most of the threads are discussing the very question you are ask...
by Whakamole
Sat Jan 12, 2019 2:51 pm
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4325

Re: Are REITs better to purchase when interest rates are high or low?

My observation having owned REITs since 2000 is that they benefit when rates are falling and struggle when rates are rising. The “yield” paid out as distributions competes to some degree with other investments. As rates fall, that yield becomes more attractive, driving REIT prices up. This is my ex...
by Whakamole
Fri Jan 11, 2019 6:36 pm
Forum: Investing - Theory, News & General
Topic: Are REITs better to purchase when interest rates are high or low?
Replies: 64
Views: 4325

Re: Are REITs better to purchase when interest rates are high or low?

Warren Buffet has said that diversification is for those who don't know what they are doing. Diversification is a word that financial advisors and financial planners throw around a lot. Did you ever stop to think why they are all still working in their 60s? :wink: Very true, Warren Buffett is in fa...
by Whakamole
Fri Jan 11, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: PG&E Bonds
Replies: 49
Views: 5066

Re: PG&E Bonds

The credit spreads are wide between investment grade BBB bonds and BB junk bonds, while the default rates are about the same. There are no rational reasons for the huge spread. The reasons are structurally. Once S&P or Moody's waves it magic wand lots of institutional owners have to dump their hold...
by Whakamole
Thu Jan 10, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 83
Views: 7124

Re: Engineering school

I work in software, but know a lot of people (either co-workers or ex-co-workers) with EE/CE degrees from UIUC. I'm not a hiring manager by any means, but I get the impression that they are the "gold standard." These were mostly new graduates. After a few years and some experience under your belt, y...
by Whakamole
Thu Jan 10, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 13930

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

I make over $100K now - but nearly all of the foundation for becoming a millionaire started when I was making under that, in some cases well under that (tech didn't pay the silly salaries it does now when I graduated college.) - Live below your means. Preferably well below. This helps you in two dif...
by Whakamole
Tue Jan 08, 2019 9:57 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8403

Re: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]

I liked at those links and didn’t see the doomsday tracking assertions (by others, including VG). What am I missing? For me, the doomsday to be aware of is more due to the potential downside of buying and holding a leveraged ETF by itself. The backtest at the link below shows that the 2X S&P 500 ET...
by Whakamole
Tue Jan 08, 2019 9:51 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8403

Re: More Nanny State From Vanguard

There have been a number of comments about whether a broker can ban some mutual funds. But my question was whether they could ban ETF's listed on an exchange like NASDAQ... I asked: ...could someone with a Fidelity account and a little bit of nerve try to buy EQWS, carrying it up to the actual "buy...
by Whakamole
Tue Jan 08, 2019 1:46 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8403

Re: More Nanny State From Vanguad

If these funds are more suited to day trading wouldn’t this cost Vanguard more? If true, this is a good reason to disallow. Not just suited, intended to be for day trading. But since they fell under stock commission rates, I don't think it would cost Vanguard much - the only free trades given out a...
by Whakamole
Tue Jan 08, 2019 1:34 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard to stop accepting purchases in Leveraged or Inverse mutual funds]
Replies: 145
Views: 8403

Re: More Nanny State From Vanguard

I agree that this move had more to do with making all ETFs on Vanguard's platform transaction cost-free, since these funds were excluded in the initial list and likely led to some confusion. I think they were excluded simply because they are meant to be held very short-term, and so if used "by desig...
by Whakamole
Mon Jan 07, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7772

Re: United, American, Delta--about the same?

I see someone drawing unwarranted conclusions. We had even brought food for him with us, in case we needed it. Nobody else would have assumed that a child without a seat would have received food. I agree with the airline here. A drink and and extra package of crackers, maybe. 1 tray at seat and thu...
by Whakamole
Mon Jan 07, 2019 5:47 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 798
Views: 81650

Re: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)

Jack FFR1846 wrote:
Mon Jan 07, 2019 5:10 pm
Not VTMGX?
That's a developed markets index; FZILX includes emerging markets.
by Whakamole
Mon Jan 07, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 798
Views: 81650

Re: Fidelity ZERO funds?

After the first two days or so, the Fidelity Zero funds have performed nearly exactly the same as any other US or international Index fund. As an experiment, I split my US and International funds when they opened. My first purchase was on August 7th (they opened on the 1st, I believe). The Zero fun...
by Whakamole
Mon Jan 07, 2019 1:16 pm
Forum: Investing - Theory, News & General
Topic: Heads up: one week delay at Vanguard to do backdoor Roth using EBT/check if you've switched to brokerage accounts
Replies: 11
Views: 1026

Re: Heads up: one week delay at Vanguard to do backdoor Roth using EBT/check if you've switched to brokerage accounts

Just FYI, there's no hold if the money is already in a taxable brokerage account. With Vanguard's Federal MM fund paying competitive rates (2.3% right now), it may be better to transfer the money at the end of the year going forward, so there won't be a delay due to check/EBT processing.
by Whakamole
Fri Jan 04, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Which Compact SUV Should I Buy?
Replies: 177
Views: 9276

Re: Which Compact SUV Should I Buy?

:oops: Ahh, the nouveau rich! My toy is nicer (or bigger) than your toy. Unbelievable! I don't see someone who is really rich (Warren Buffet) having advertise that he is rich. That is why when I escape the DC metro area, my wife and I will seriously consider buying some land and putting a tiny hous...
by Whakamole
Thu Jan 03, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Minimum Investment Cuts Overdue"
Replies: 47
Views: 4262

Re: "Vanguard Minimum Investment Cuts Overdue"

Why does Vanguard not address the fees for the LifeStrategy Funds? These funds of funds invest in investor class shares. It is understandable to a point, since Vanguard does not lay on an extra level of administrative fees for the LS funds. However, the LS funds are not receiving comparable fee red...
by Whakamole
Thu Jan 03, 2019 2:31 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Minimum Investment Cuts Overdue"
Replies: 47
Views: 4262

Re: "Vanguard Minimum Investment Cuts Overdue"

The downsides to not investing in Vanguard funds (besides Vanguard's unique ownership structure) are either theoretical (expense fees will rise in the future) or not much of an issue right now (capital gains taxes which are not high if not much is invested.) In which way does Vanguard help reduce c...
by Whakamole
Thu Jan 03, 2019 1:29 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Minimum Investment Cuts Overdue"
Replies: 47
Views: 4262

Re: "Vanguard Minimum Investment Cuts Overdue"

Most on this forum aren't concerned with minimum investments. They're nearly always just too low to be a concern, On this forum, no, but not on other forums. New investors are excited and want to jump in, and I can hardly fault them for that. Low minimums are appealing. It means they can get starte...
by Whakamole
Thu Jan 03, 2019 12:56 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 234
Views: 29017

Re: Social Security for Millennials

Also, I'm guessing many Boglehead millennials plan to FIRE , which makes SS even less relevant than it already is. (In two ways: further from retirement date, and less years worked meaning a smaller payout) Maybe? FIRE has been a big buzzword over the past few years, in large part due to a booming ...
by Whakamole
Wed Jan 02, 2019 3:44 pm
Forum: Investing - Theory, News & General
Topic: Will you contribute the max to your IRA and then invest it all in equities for the first market day of the new year?
Replies: 159
Views: 7738

Re: Should I fully fund IRA each January?

Thesaints wrote:
Wed Jan 02, 2019 2:11 pm
How well would have that served you in 2018 ?
You don't see a lot of excited threads "I maxed out my IRA contributions at 12:01am on Jan 1st !!!", differently from last year...
They've all been consolidated: viewtopic.php?f=10&t=268254
by Whakamole
Tue Jan 01, 2019 9:44 pm
Forum: Investing - Theory, News & General
Topic: Long-Term “Buy & Hold” Crushed Stockholders in Largest Markets Except US & India (article)
Replies: 7
Views: 571

Re: Long-Term “Buy & Hold” Crushed Stockholders in Largest Markets Except US & India (article)

The data seems to be chosen to fit his thesis. Example 1: Canada. Chart shows ~9K for 2005, close to ~14K for 2018, yet it's -5% over 10 years. Why ten? Why not nine, or thirteen? Maybe there is something special about round numbers like ten years. OK... Example 2: China. Chart shows ~1200 for 2006,...
by Whakamole
Sat Dec 29, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Video on Vanguard Wellington 5% Withdrawals 2001-2017 tell me what you think
Replies: 14
Views: 1729

Re: Video on Vanguard Wellington 5% Withdrawals 2001-2017 tell me what you think

He is taking a fixed 5% of the balance each year which is different than the 4% inflation adjusted increase method every year. With the 4% approach you never take less just because the portfolio is down assuming inflation is still higher. At a 5% withdraw of the balance each year, you will never ac...
by Whakamole
Thu Dec 27, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: 85% of trading is on autopilot-wsj article
Replies: 14
Views: 2010

Re: 85% of trading is on autopilot-wsj article

Technically, I trade according to an algorithm as well. Purchase when the paycheck hits (choosing asset class based on target asset allocation), rebalancing when I hit my rebalancing bands, doing tax-loss harvesting above a certain amount or when close to EOY. That's an algorithm though much simpler...
by Whakamole
Tue Dec 25, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: How Often To Expect -10% and -20% Stock Drops
Replies: 19
Views: 2712

Re: How Often To Expect -10% and -20% Stock Drops

We had a 10% correction early this year. We also had corrections in the 10-20% range in 2015, 2012, 2011 (twice!), 2010... all during the bull market you mentioned. I think most of us have long forgotten about these. https://www.fool.com/investing/2018/03/27/50-years-of-stock-market-corrections-and-...
by Whakamole
Tue Dec 25, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786925

Re: U.S. stocks in free fall

corn18 wrote:
Tue Dec 25, 2018 9:47 am
YEEEEHAAW!

Image
Nice date to pick. I'm not sure how this chart is actionable. It's almost more like trivia.
by Whakamole
Mon Dec 24, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: I-bonds
Replies: 13
Views: 1554

Re: I-bonds

You can't buy 20k in a single year, unless you are buying for more than 1 person. There is a 10k direct purchase limit per person. You can also get 5k back in paper I bonds as a tax refund. If you have a trust, you can buy 10K in the name of the trust and 10K in your name, even for a basic revocabl...
by Whakamole
Mon Dec 24, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone rebalancing?
Replies: 36
Views: 2295

Re: Anyone rebalancing?

Still haven't hit my rebalancing bands. Coming close to hitting it in bonds+cash though.
by Whakamole
Mon Dec 24, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: TLH during dividend season
Replies: 18
Views: 1123

Re: TLH during dividend season

OK, this is a bit of an edge case question but I want to make sure I do it correctly. My TLH trade from VTSAX (Total Market) to VFIAX (S&P 500) went through on 12/20. I also made a request in my HSA, which owns SWPPX (Schwab's S&P 500 fund) to reinvest dividends in one of their other good options (S...
by Whakamole
Mon Dec 24, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786925

Re: U.S. stocks in free fall

Another TLH opportunity? I'm going to start running out of partners!

Though I've already offset my short term capital gains and >$3000 more, so I'm already in carry over territory.
by Whakamole
Sat Dec 22, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive Colleges - Investment Worth It
Replies: 67
Views: 2575

Re: Expensive Colleges - Investment Worth It

OP: ResearchMed said it well: Adjust your daughte’s inheritance to compensate for early giving. This will just kick the can down the road. Daughter will be bitter as hell once OP passes and it will tear the family apart; that, or OP ends up giving in and both paying extra for this daugther's educat...
by Whakamole
Sat Dec 22, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 4
Views: 1007

Re: More bad news for Wealthfront

The client referral issue isn't really news. There's one famous "FIRE" blogger who was making ~$400K/year off referrals to services he was plugging on his website.
by Whakamole
Sat Dec 22, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786925

Re: U.S. stocks in free fall

What's the current PE ratio of Vanguard total stock market? Vanguard website shows 18.7 but does this reflect the recent drop? It will say at the top of the table - currently says 11/30. So no. http://www.multpl.com, at least, calculates the PE ratio and CAPE daily, for the S&P 500 at least. Curren...
by Whakamole
Sat Dec 22, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 4
Views: 1007

Re: More bad news for Wealthfront

Since they have a list of all the wash sale violations, that would mean a large number of customers will be getting letters from the IRS soon, right?
by Whakamole
Sat Dec 22, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 175
Views: 11866

Re: All the "should I be 100% stocks" threads over the last year.

hithere wrote:
Sat Dec 22, 2018 4:18 am
So why is 100% stocks a bad idea if one is far from retirement and doesn't care about the volatility of stocks for one reason or another?
It's not, though unless you've experienced downside volatility, saying "I don't care" may be a bit premature.
by Whakamole
Sat Dec 22, 2018 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17046

Re: Mr. Money Mustache, SWR, and equity allocation

It will be fun to see how long things last. It is one thing to live a certain way for 5 years (my grad school budget makes MMM look profligate.:)). It is another to do it for 50 years. Look how far MMM has already strayed with tropical vacations and electrical cars. And creative accounting. Imagine...
by Whakamole
Fri Dec 21, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786925

Re: U.S. stocks in free fall

Toons wrote:
Fri Dec 21, 2018 4:53 pm
March 6 -2009 Dow 6778
Nasdaq 1,268.64,,

Opportunity ,,,,Correct :mrgreen: :mrgreen: :mrgreen:
Tell us when the bottom is so we can just buy there :beer
by Whakamole
Thu Dec 20, 2018 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 182
Views: 17046

Re: Mr. Money Mustache, SWR, and equity allocation

But this is assuming that they maintain that initial 2.5% WR despite their portfolio 'exploding in size'. How many sane people aren't going to increase their withdrawals in such an instance? My income went up quite a bit this year, spending stayed about the same. I don't think I'm required to spend...
by Whakamole
Thu Dec 20, 2018 4:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10137
Views: 1786925

Re: U.S. stocks in free fall

veggivet wrote:
Thu Dec 20, 2018 4:04 pm
Most analysts blamed the downtrend on the demand side, China in particular, FWIW.
Nonsense, it's all due to passive indexers.