Search found 184 matches

by Tommy
Thu Jun 18, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Investment for 20 years old
Replies: 5
Views: 397

Re: Investment for 20 years old

Is she interested in just investing to maybe make a quick profit and then sell? Or is she in it for the long haul? If for the long haul, since she is working and thus has income - maybe try to have her open up a Roth IRA and do all of her investing in there? Tell her she cant touch it until she is ...
by Tommy
Thu Jun 18, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Investment for 20 years old
Replies: 5
Views: 397

Investment for 20 years old

My daughter (20 y.o. full time student in University) expressed interest in investing. Some of her friends using Robin hood and recommended her to the platform. I told her that she would be better off to spend money in casino than use this tool but if she really interested in we can open account in ...
by Tommy
Thu May 28, 2020 11:42 am
Forum: Personal Investments
Topic: Why Vanguard Seems to Be Pushing Us Towards ETFs?
Replies: 50
Views: 4798

Re: Why Vanguard Seems to Be Pushing Us Towards ETFs?

Explain me please - when I sell MF it must pay me price of the end of the day. Even in the huge sell off, whatever price will be by end of the day I'll get. If I sell ETF I actually need to find buyer - somebody needs to buy. So, theoretically, if everything goes down and everybody selling - you mig...
by Tommy
Wed May 27, 2020 4:56 pm
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 109
Views: 12192

Re: This article is scaring me. [Roubini predicting depression]

I don't think that all points in the article actually bad, like deglobalisation or re-shoring production and accelerating automation (if today we x number people in China making some goods and we will take production of those goods in US, we won't employ the same amount of people as in China today b...
by Tommy
Wed May 27, 2020 3:10 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 194
Views: 19156

Re: Vanguard High Dividend Yield Index Fund

If one interested in dividends and growth with lower volatility why not Wellington? Each time when I want to go to dividends investments and compare options I still cannot find better solution than Wellington or Wellesley. Excluding high yield bonds of course, but this is different type.
by Tommy
Tue May 26, 2020 10:27 am
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4266

Re: Bogleheads: What is your largest single stock holding? (if any)

MSFT. 9% . Accumulated for 20 years ESPP and grants. Mostly grants, not buying ESPP since 2002. Cannot reduce because of taxes. Stopped reinvesting dividends, hope it helps.
by Tommy
Sat May 23, 2020 2:07 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13623

Re: Will "work from home" destroy the commercial real estate market?

For people who think they can move out of Bay Area and continue to make Bay Area salary working remotely: "Facebook CEO Mark Zuckerberg on Thursday said he predicts that 50% of the company’s employees could be working remotely within the next five to 10 years. “We’re going to be the most forward-lea...
by Tommy
Fri May 22, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 370
Views: 31339

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. The basic financial stuff: A) 3 months severance pay B) 1 year subsidized medical insurance. C) 1 year COBRA D) 110K to 120K of the Emergency Fund E) 1.35 to 1.4 million 60/40 portfolio F) Late 50+ years old. G) Annual expense of about ...
by Tommy
Sun May 10, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13623

Re: Will "work from home" destroy the commercial real estate market?

My employer has decided to keep all our offices closed at least into early 2021. We were one of the first major companies to close and we'll be one of the last to open. We closed in the first week of March and may well be closed till next March. After a year+ of WFH I think it will be here to stay ...
by Tommy
Sun May 10, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: When to deduct HSA from payroll, and when not to?
Replies: 45
Views: 2781

Re: When to deduct HSA from payroll, and when not to?

I personally contribute to HSA minimum from payroll to increase social security salary. I'm contributing to HSA on my own and those contributions are tax dedactable. From tax perspective - in which case you pay less taxes I don't know.
by Tommy
Sun May 10, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13623

Re: Will "work from home" destroy the commercial real estate market?

My employer has decided to keep all our offices closed at least into early 2021. We were one of the first major companies to close and we'll be one of the last to open. We closed in the first week of March and may well be closed till next March. After a year+ of WFH I think it will be here to stay ...
by Tommy
Fri May 08, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to invest an HSA (through PayFlex)?
Replies: 19
Views: 859

Re: How to invest an HSA (through PayFlex)?

I found Payflex to be very poor in almost all respects and thus opened an HSA at Fidelity. I make periodic transfers from Payflex (while ensurin I maintain the small amount they require to keep the account open) and invest with Fidelity as I please. Also note that Payflex charges $25 for each trans...
by Tommy
Wed Mar 18, 2020 4:48 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 511
Views: 45756

Re: The Calm Post - Stay the course thread.

I'm going to stop checking markets, portfolio and forget that I have investment until this virus ends. After this we will start assets where we are.
by Tommy
Sat Mar 14, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Reacts to Stock Market Crash
Replies: 93
Views: 15161

Re: Dave Ramsey Reacts to Stock Market Crash

Anyone who is planning on using their investments this year. Can't pay for the university tuition or the new house this year with gains that may be possible years from now. :shock: :oops: :annoyed if you invest in Age based portfolios by time you need to pay for college is mostly in cash\bonds. I l...
by Tommy
Thu Mar 12, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: Reality Check - Don't assume prices will go up
Replies: 44
Views: 4067

Re: Reality Check - Don't assume prices will go up

Very good. When people begin to talk that market will never come back it means we are on the bottom. I want to see more postings like this :)
by Tommy
Tue Mar 03, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Anybody want to guess the bottom of this "dip"?
Replies: 573
Views: 38077

Re: Anybody want to guess the bottom of this "dip"?

As soon as we not in real recession with 10% unemployment I don't care. Continue to invest 401K every 2 weeks and taxable every week. Increased stock contribution in 401K - let' s buy more stocks while they are cheaper.
Not going to listen to any "expert" .
by Tommy
Thu Feb 27, 2020 4:33 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4002
Views: 305679

Re: Coronavirus and the market

What's scary is this thing could mutate and mortality rate could jump to 20% (though such high mortality rate usually makes spread more difficult bc the hosts are dead). But that may be moot if this thing is spreading in aaymptomatic individuals and is airborne. with 20% mortality last thing what s...
by Tommy
Thu Feb 06, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: What is most likely to happen to bond funds if equities suffer in coronavirus fallout?
Replies: 33
Views: 3505

Re: What is most likely to happen to bond funds if equities suffer in coronavirus fallout?

scintillator wrote:
Thu Feb 06, 2020 12:29 am
If this virus becomes a pandemic ....
If this virus becomes a pandemic and reaches level of plague in Middle Ages you have bigger problem to worry about.
by Tommy
Wed Feb 05, 2020 12:59 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Wellington and Wellsley over the last 20 years
Replies: 77
Views: 11493

Re: Vanguard Wellington and Wellsley over the last 20 years

Any holders of Wellington in taxable out there? If so, has it been OK for you? It is close to my basic asset allocation (70/30) but the only place I can hold it is in a taxable account I have with Vanguard, since my 403 / 457 / IRA are with Fidelity and it isn’t available to me there. I have Wellin...
by Tommy
Thu Jan 30, 2020 7:59 pm
Forum: Personal Consumer Issues
Topic: paying cleaning lady
Replies: 49
Views: 4964

Re: paying cleaning lady

Brianmcg321 wrote:
Thu Jan 30, 2020 6:33 pm
Our cleaning lady charges $100 for 3hrs.

We give her a $50 tip at Christmas.
We are paying $130 for 3-4 hours. Cash. What is basically $30/per hour. When I came to US 25 years ago for this job people get paid $5 per hour.
by Tommy
Wed Jan 01, 2020 9:39 pm
Forum: Personal Investments
Topic: Mailing Rollover Check to Vanguard
Replies: 41
Views: 1999

Re: Mailing Rollover Check to Vanguard

Couple months ago we transferred my wife old 401K to Vanguard. Vanguard sent us pre-paid FedEx envelope to send check to them.
I thought this is standard VG practice, or we just got nice rep?
by Tommy
Wed Dec 18, 2019 1:37 pm
Forum: Personal Investments
Topic: Roth 401k Direct Rollover to Roth IRA "taxable as ordinary income" ?
Replies: 10
Views: 594

Re: Roth 401k Direct Rollover to Roth IRA "taxable as ordinary income" ?

That doesn't sound right. Roth 401k to Roth IRA rollover should never result in taxable income. Did you maybe have a small traditional balance? All employer contributions are traditional, even if you the employee made only Roth contributions. If that's what happened, what you did is effectively to ...
by Tommy
Wed Dec 18, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 61
Views: 22718

Re: Capital One 360 shaking up savings accounts

JohnF wrote:
Wed Dec 18, 2019 11:56 am
I can’t find it anyplace online. Where is Capital One showing the current rate for their Money Market fund?
There is no more Money Market in CO.
by Tommy
Tue Dec 10, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1087
Views: 121847

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]

No need to sell before transfer. Actually it might not be true. I was transferring from Optum Bank to Fidelity and sold investment, although they told me that everything will be liquidated automatically. Turns out that after I sold and before Fidelity initiated transfer, dividend was posted in inve...
by Tommy
Tue Dec 10, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 61
Views: 22718

Re: Capital One 360 shaking up savings accounts

One thing I noticed earlier this week is that Cap One 360 dropped the rate on their Money Market Market fund significantly down to 1.5% but the Performance Savings account remained at 1.8%. That was enough to motivate me to open a new account Performance Account and transfer MMA funds completely ov...
by Tommy
Wed Nov 27, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 188
Views: 21766

Re: Just Bought an Annuity

After months of consideration, we pulled the trigger last month and bought an annuity policy from New York Life. We chose: - The premium of $250K because this is the limit the Texas Life & Health Insurance Guaranty Association would cover. - TravelforFun How do you buy this insurance? You need to a...
by Tommy
Sat Nov 16, 2019 3:20 pm
Forum: Personal Investments
Topic: Stable Value vs.Money Market
Replies: 3
Views: 584

Stable Value vs.Money Market

My 401K Offers Stable Value with ER 0.54% and yield 2.15% and Vanguard FMM with ER 0.11% and yield 1.8%.
Looks like from $10000 invested Stable value returns $215 and it will cost $54 - earning $161
MM - returns $180 - $11 ER = $169.
Does my calculation correct? Am I missing something or not count?
by Tommy
Thu Nov 14, 2019 12:02 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 233
Views: 35001

Re: Rich people are hoarding cash

sl5050 wrote:
Tue Nov 12, 2019 12:44 pm
How do rich people actually hoard cash if the FDIC only insures up to 250k?
I really doubt that somebody with 1M has 250K in cash - unless somebody retired , lives on SS/pension and keeping 75% in stock and 25% in cash.
by Tommy
Wed Nov 13, 2019 11:56 pm
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 233
Views: 35001

Re: Rich preparing for market drop

Mr.BB wrote:
Tue Nov 12, 2019 9:40 am
Can you find me an article like that from 2007? I would be more impressed with that.
I do remember similar article around 2015- that crash is coming and rich people hoarding cash
by Tommy
Thu Nov 07, 2019 1:33 pm
Forum: Personal Investments
Topic: Anyone ever appeal their Wells Fargo Advisors termination fee?
Replies: 10
Views: 1301

Re: Anyone ever appeal their Wells Fargo Advisors termination fee?

WF charged $40 to move 401K to Vanguard IRA.
by Tommy
Fri Oct 25, 2019 2:01 pm
Forum: Personal Investments
Topic: Does Fidelity have a performance view?
Replies: 55
Views: 7285

Re: Does Fidelity have a performance view?

I called them couple days ago. First rep told me that she has no idea what is it. Second was trying to help but majority of my investment in NetBenefits and she said it couldn't count toward 250K requirement - I need to have > 250K in brokerage. So, despite having much more that 250K in Fidelity I c...
by Tommy
Wed Oct 02, 2019 3:28 pm
Forum: Personal Investments
Topic: FXNAX - a no-brainer in Flagship Vanguard IRAs?
Replies: 10
Views: 1635

Re: FXNAX - a no-brainer in Flagship Vanguard IRAs?

FXNAX - Exp Ratio (Gross) 0.025%
Not 0.25%
by Tommy
Tue Oct 01, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Mouse in the house
Replies: 46
Views: 4877

Re: Mouse in the house

Cat. But it should be female. Males might not catch
by Tommy
Tue Oct 01, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: "Are You Using Your Target-Date Fund Wrong?"
Replies: 15
Views: 2770

Re: "Are You Using Your Target-Date Fund Wrong?"

Don't see any issues in mixing as soon as AA combined is what you want
by Tommy
Tue Sep 24, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Bond bubble
Replies: 22
Views: 2184

Re: Bond bubble

Assuming interest rate stays low for long time - means low inflation. Does it mean that TIPS are obsolete? What will be reason to keep TIPS in low inflation environment?
by Tommy
Mon Sep 23, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Quiz: How Well Do You Know Social Security
Replies: 37
Views: 3708

Re: Quiz: How Well Do You Know Social Security

6 out of 9:(
But what I didn't know - Are Social Security benefits subject to federal taxes?
This is surprise to me - I thought that SS exempt from federal taxes.
by Tommy
Thu Aug 08, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Dept Outsourced - Job Worries - Need your Advises
Replies: 69
Views: 7970

Re: Dept Outsourced - Job Worries - Need your Advises

If you DBA - presumably good SQL try to ramp up on R\Python and start looking for Data Analyst\Data Scientist, although those jobs will be soon outsourced as well. Also you can try to move to Business Analyst where required SQL\Big Data skills , sometimes it mix between Data and Business Analyst - i...
by Tommy
Tue Aug 06, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 536
Views: 35751

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

what bring another question - if one interested in dividends why not long term bonds or even high yield? Sure, price fluctuate a lot but dividends stays.
by Tommy
Mon Jul 08, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32209

Re: Americans believe they need $1.7 million, on average, to retire

$1.7M per individual or per couple? Includes home value? With or without pension? Yes and also are we talking 65+ (Medicare eligible) or earlier and having to worry about other health insurance? Agree. If both people 65+ , have SS and Medicare this is very good number. It will allow pretty comforta...
by Tommy
Tue Jun 18, 2019 11:34 am
Forum: Personal Investments
Topic: Best place for temp cash in Fidelity HSA?
Replies: 11
Views: 1364

Re: Best place for temp cash in Fidelity HSA?

lilyn20 wrote:
Mon Jun 17, 2019 6:43 pm
Have you looked at SPRXX? That's the one I use in my HSA and Cash Management Account (7-day yield 2.14%).
SPRXX - 0.42% Expense Ration - isn't it too much? If compare with Vanguard MM
by Tommy
Mon Jun 17, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 13838

Re: With hindsight, what signs indicated you were about to lose your job?

Unless company closed office or eliminated department completely - all other lay-offs are personal. Saw it many times, even if I wasn't impacted. Usually - economy good, competitors hiring - we need to hire too (even if no more people needed). Economy bad - competitors lay-off people, we need to do ...
by Tommy
Fri Apr 12, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to Seattle from Baltimore Area
Replies: 86
Views: 4892

Re: Relocating to Seattle from Baltimore Area

:sharebeer Have you spent much time in Seattle? I lived there for a bit over a year and I’m originally from the east coast. I moved there for the outdoors and loved the nature, scenery, hiking, and skiing within a short distance of the city. What I hated about it and ultimately led me to leave was ...
by Tommy
Wed Apr 10, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...
Replies: 72
Views: 8566

Re: About to buy a 2019 Mazda CX-5. To turbo or not to turbo...

My problems with turbo are:
Less reliable - by 100K turbo usually has some issues
Less durable - saw a lot of engines with 200K millage. Never seen turbo with this millage.
Oil burning (don't know Mazda but VW has this problem)
by Tommy
Wed Apr 03, 2019 3:40 pm
Forum: Investing - Theory, News & General
Topic: Capital gain taxes
Replies: 2
Views: 515

Capital gain taxes

This topic is not about politics despite title of the article below Saw today this article https://www.foxbusiness.com/financials/key-democrat-pushes-new-tax-on-wealthy-targeting-unrealized-capital-gains What I'm trying to understand from this article: Make Capital Gains taxed as Ordinary Income - ...
by Tommy
Wed Mar 13, 2019 3:28 pm
Forum: Personal Investments
Topic: VG platform: What Other means in AA?
Replies: 14
Views: 828

Re: VG platform: What Other means in AA?

saw Other yesterday - they put Star and TR in this category...Unfortunately quality of software goes down...but this is another topic :(
by Tommy
Sun Mar 03, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4468
Views: 1260793

Re: What Book Are You Currently Reading? Part VI

Currently reading: “What Would Happen if the President of the USA Went Stark-Raving Mad”? subtitle: Night of Camp David Author: Fletcher Knebel I am reading this as well. Was originally published in 1965. Author also wrote "Seven Days in May" Seven Days in May I liked. Will download this one and se...
by Tommy
Wed Feb 27, 2019 2:46 pm
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 12986

Re: Does anyone own gold?

My grandfather was buying gold coins (note it was illegal in Soviet Union) but his distrust to Soviet currency overwhelmed possible punishment :). So, when Soviet Union collapsed, and currency became worthless I was able to sold coins for $$ and get out of there. So, gold sometimes is nice to have. ...
by Tommy
Tue Feb 26, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax and Vanguard: Importing information
Replies: 7
Views: 837

Re: Turbotax and Vanguard: Importing information

Don't click on Vanguard icon. Type Vanguard and you need to select Brokerage Account.
by Tommy
Thu Feb 21, 2019 12:56 pm
Forum: Personal Investments
Topic: Fidelity which small cap fund?
Replies: 3
Views: 713

Re: Fidelity which small cap fund?

you can buy DISSX Dreyfus Small Cap Stock Index Fund Investor Shares what invest in S&P 600. Through Fidelity is No Transaction Fee
by Tommy
Wed Feb 20, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question
Replies: 4
Views: 583

Re: Tax Question

Thanks everybody who replied. My understanding that when you buy ESPP with discount some amount (discount?) added to income on W2. Because of this Fidelity sends supplemental information but it is very confusing. I did search web and a lot of people have the same issue and while pretty much all agre...