Search found 413 matches

by David Scubadiver
Sun Oct 22, 2017 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Can you do a rollover even if you aren't leaving a job?
Replies: 17
Views: 1372

Re: Can you do a rollover even if you aren't leaving a job?

You can’t do what your plan prohibits. You can always make a withdrawal, pay the tax and 10% penalty and put the money elsewhere. But, less punitive to take a loan. Neither are likely good options.
by David Scubadiver
Sun Oct 22, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: How much emergency fund to keep? Where to put them?
Replies: 5
Views: 741

Re: How much emergency fund to keep? Where to put them?

Personally, I like I-Bonds as an alternative to a cash emergency fund. It takes a little while to accumulate enough and they are illiquid for the first 12 months. After that, though they are as good as cash, Tax onbinteresr is deferred and may not even be due if you use them for education expenses. ...
by David Scubadiver
Sun Oct 22, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Rebalance with large capital gain
Replies: 13
Views: 1213

Re: Rebalance with large capital gain

Whether he sold stocks and paid gains taxes for the house or does so now to reallocate, presents the same question. It isn’t like he could have avoided the tax by exchanging his stocks for the house.
by David Scubadiver
Sun Oct 22, 2017 12:55 am
Forum: Investing - Help with Personal Investments
Topic: Rebalance with large capital gain
Replies: 13
Views: 1213

Re: Rebalance with large capital gain

Never let taxes make your investment decisions. Your allocation will either get more out of whack as markets move up or will be brought into line as the market corrects. If you don’t care about losing the money to a correction than change the allocation. Otherwise stick to the plan and rebalance. Be...
by David Scubadiver
Sat Oct 21, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: 401k "only" up 13.5% YTD
Replies: 26
Views: 2464

Re: 401k "only" up 13.5% YTD

I was afraid back in November that the stock market would be a disaster. However, I didn’t want to be out of equities so I took on a very large international exposure figuring I would at worst underperform if the US market continued on Its tear. Turned out I was wrong on both accounts but lucky is b...
by David Scubadiver
Sat Oct 21, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Funding an IRA for children.
Replies: 17
Views: 772

Re: Funding an IRA for children.

Lemonade stand. $100 into a Roth now worth $110. He’s going to be rich.
by David Scubadiver
Sat Oct 21, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 125
Views: 9093

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I have several. Schwab intelligent portfolio Wisebanyan Wealthfronr M1 Finance. I like the last one because I can pick my own portfolio and relying on them to simply aimplh allocate the funds I give them the portfolio I designed. But I haven’t decided to entrust any of them with more than $50,000 ye...
by David Scubadiver
Sat Oct 21, 2017 8:41 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3338

Re: For those near retirement and rebalanced to Bonds...

I find advice concerning asset allocation and sleep factor to be worthless because market volatility or not, if I am going to be kept from sleeping it will be because I am worried that my hoard will not be sufficient. Not because the road to getting there is bumpy or smooth.
by David Scubadiver
Sat Oct 21, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 581
Views: 92364

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Whatever the Merrill Edge bonus, it is worth it just to get the 2.625% cash back on their Travel Rewards card and the free trades if you transfer a large enough balance. Heck, I even get a free small safe deposit box at my local BOA branch. To earn 1,000 cash back I need to charge $38,095. I need to...
by David Scubadiver
Fri Oct 20, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: M1 Finance-anybody looked into it?
Replies: 5
Views: 1097

Re: M1 Finance-anybody looked into it?

Assuming you had the ear of someone interested in making changes for higher valued portfolios, what if anything could they do to change the fee structures in order to get your business? Right now they charge 0.15% for portfolios over $100,000. To me, that is a fair price for a portfolio of around th...
by David Scubadiver
Fri Oct 20, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency Fund Investment Strategy
Replies: 20
Views: 1542

Re: Emergency Fund Investment Strategy

This piece: https://www.betterment.com/resources/personal-finance/safety-net-funds-why-traditional-advice-is-wrong/ from Betterment changed my mind. I keep my money in my overall asset allocation which is relatively conservative. I have stopped thinking about things as individual pots and think abo...
by David Scubadiver
Fri Oct 20, 2017 2:12 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 27207

Re: What is Bitcoin?

I do not worry about the apocalypse. When it comes, I read that soap will be worth more than gold. Frankly, I think people will be too afraid to bathe so I do not know if this is true and because I do not worry about the apocalypse I have hoarded neither soap nor gold. I did look at expedia's policy...
by David Scubadiver
Fri Oct 20, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 238
Views: 27207

Re: What is Bitcoin?

I am going to say something radical and probably stupid. But, say it I will. Bitcoin and Dollars and Gold are nothing like each other. A dollar is backed by the full faith and credit of the United States, and is legal tender for all debts public and private. It says so write on it. Gold is primarily...
by David Scubadiver
Fri Oct 20, 2017 1:21 pm
Forum: Investing - Theory, News & General
Topic: M1 Finance-anybody looked into it?
Replies: 5
Views: 1097

Re: M1 Finance-anybody looked into it?

I've stopped using quicken/moneydance to keep track of my investments, but I see that M1 Finance does not appear to offer the ability to download transactions. That is not a deal breaker for me, but it might be for many since the idea of manually reconciling all of the trades one might make with a s...
by David Scubadiver
Fri Oct 20, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Looming Retirement & Market Jitters
Replies: 46
Views: 3741

Re: Looming Retirement & Market Jitters

The market is not sustainable because we peaked and will not go higher in your lifetime? If so, sell it all and go short. Most people believe that while the market is at an all time high, that is merely to be expected. It won’t go up without going down, but the long term trend has been to hit an up ...
by David Scubadiver
Fri Oct 20, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: Question about Personal Capital
Replies: 18
Views: 1438

Re: Question about Personal Capital

How does that wrong number work when accessing the site from your phone or for reaponding to 2 factor authentication?
by David Scubadiver
Thu Oct 19, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Question about Personal Capital
Replies: 18
Views: 1438

Re: Question about Personal Capital

I am certain you have better things to worry about than what you will allow some salesperson to tell you when you pick up the phone. "I am not interested in a portfolio review, thank you." You may have to say that 5 times a year in response to a call. And by "have to say" I mean, if you wish to be p...
by David Scubadiver
Thu Oct 19, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help me convince my folks to leave their advisor
Replies: 11
Views: 1299

Re: Help me convince my parents to leave their advisor

Do you know what your parents did during the last market crash? Did they call their advisor and demand to sell at the bottom, only to be told to stay the course? What will they do during the next bear market, and will it be contrary to what their advisor had them do during the last bear market? It i...
by David Scubadiver
Wed Oct 18, 2017 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Should I contribute 100% of paycheck to 401k?
Replies: 13
Views: 2382

Re: Should I contribute 100% of paycheck to 401k?

I know that that on average we do better the earlier we invest so maxing out sooner rather than later is the smart move. At least that was what I read 20-30 years ago. On the other hand budgeting is easier if the deductions are spread over the year and with easier budgeting you may actually be able ...
by David Scubadiver
Tue Oct 17, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: [How to get started buying stocks]
Replies: 11
Views: 803

Re: [How to get started buying stocks]

You can buy individual stocks and see how you do and you can do so with low transaction fees. Consider m1finance which will let you invest commission free up to $1,000 and let you buy fractional shares. You can create an entire portfolio with a little bit of money and see how you do. If you like it,...
by David Scubadiver
Mon Oct 16, 2017 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1946

Re: Bonds v. bond funds

I understand what Inam reading but can’t get past the Ihebhundreds of time I read that Funds carry different risk than individual bonds. The latter, diversification risk and the former, the risk that bonds aren’t held to maturity. I suppose the latter risk is meaningless if due to redemptions and on...
by David Scubadiver
Sun Oct 15, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1946

Re: Bonds v. bond funds

I think I'm still missing something, or something wasn't explained. I have two baskets of bonds. Basket A held in a fund and Basket B held in my brokerage account. The bond market craters 50% on Black Monday. My fellow fund owners all scream SELL MORTIMER SELL, and the bond manager liquidates to pay...
by David Scubadiver
Sun Oct 15, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1946

Re: Bonds v. bond funds

I suppose I will never be comfortable with the idea that a bond fund is a safe substiture for a diversified individual bond holding. Obviously a basket of individual bonds is similar owning a fund. But more obvious to me is the fact that a portfolio manager can be forced to sell at a discount to pa...
by David Scubadiver
Sun Oct 15, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Help me optimize my portfolio
Replies: 5
Views: 374

Re: Help me optimize my portfolio

Edit that to include what those funds are and you will get more responses.
by David Scubadiver
Sat Oct 14, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Do any apps or tools do this in place of spreadsheets?
Replies: 13
Views: 1233

Re: Do any apps or tools do this in place of spreadsheets?

Maybe Morningstar.com. You can create portfolios and add buy dates and sell dates.
by David Scubadiver
Sat Oct 14, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 3265

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

Besides having your terminology confused, your hypothetical makes no sense since there is no circumstance in which one could possibly be so limited. We've seen worse 401k options many times on this very forum. That is funny. But even the worst 401(k) that offered only two choices, would still allow...
by David Scubadiver
Sat Oct 14, 2017 6:33 pm
Forum: Investing - Theory, News & General
Topic: What's your asset allocation and why?
Replies: 160
Views: 13822

Re: What's your asset allocation and why?

I like to keep things simple, so I am allocated as follows: Cash 2.52% Guaranteed Return 5.65% (TRS fund) Intl Bonds 1.19% U.S. Bonds 11.51% Intl Stocks 31.72% U.S. Stocks 42.42% Alternatives 4.98% Believe me when I tell you, that you do not want to look behind this curtain.
by David Scubadiver
Sat Oct 14, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 11786

Re: 100% in bond to wait for market crash?

Since the stock market value most expensive except year 2000 ( p/e https://www.quandl.com/data/MULTPL/SHILLER_PE_RATIO_MONTH-Shiller-PE-Ratio-by-Month ). Also since the bond having roughly 2.3% return, please convince me not to collect 2.3% in bond and wait for stock correction. I dont to want to s...
by David Scubadiver
Sat Oct 14, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: 10 year anniversary of the beginning of the Great Recession
Replies: 45
Views: 4249

Re: 10 year anniversary of the beginning of the Great Recession

My present self is thankful to my younger self for strictly following my investment plan, including rebalancing all the way down and all the way back up. No good result, however, was sure to happen. PJW My present self thanks my younger self for keeping things simple and having no need to rebalance...
by David Scubadiver
Sat Oct 14, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Which would you rather own: AAPL or S&P 600 Small Cap Index?
Replies: 57
Views: 3265

Re: Which would you rather own: AAPL or S&P 600 Small Cap Index?

Besides having your terminology confused, your hypothetical makes no sense since there is no circumstance in which one could possibly be so limited.
by David Scubadiver
Sat Oct 14, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1050

Re: First time investing - Invest now or wait?

Here is what I can tell you from my investing history. From the 90s to the 2000's my 401(k) balance essentially stayed flat. At least, that is my perception and recollection. But, I knew full well that the more money I had invested in the market, the better off I would be. Eventually. Sure, the more...
by David Scubadiver
Sat Oct 14, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1050

Re: First time investing - Invest now or wait?

It is hard to put myself back in time to when I was 30 something. But, I am sure the market was at an all time high then as well. You know why? Because the market have been going up from its inception. Yeah, there have been dips, recessions and deprrsssions but if you don’t believe makets will rose ...
by David Scubadiver
Sat Oct 14, 2017 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1946

Re: Bonds v. bond funds

I suppose I will never be comfortable with the idea that a bond fund is a safe substiture for a diversified individual bond holding. Obviously a basket of individual bonds is similar owning a fund. But more obvious to me is the fact that a portfolio manager can be forced to sell at a discount to par...
by David Scubadiver
Fri Oct 13, 2017 7:04 am
Forum: Investing - Theory, News & General
Topic: Improving the Dalio/Robbins All-Seasons Portfolio
Replies: 68
Views: 13137

Re: Improving the Dalio/Robbins All-Seasons Portfolio

If you work your way up to 31 funds, then you can call it the Baskins/Robbins All-Flavors Portfolio. 8-) Jokes aside, I bet we're no more than 5-10 years away from being able to "construct" our own custom portfolio with infinite amounts of very small allocations (fractional shares) to many asset cl...
by David Scubadiver
Fri Oct 13, 2017 4:39 am
Forum: Investing - Theory, News & General
Topic: M1 Finance-anybody looked into it?
Replies: 5
Views: 1097

Re: M1 Finance-anybody looked into it?

So the fee is much lower now (assuming it was correctly stated above). The fee is free for the first 1,000 .25% for on the rest up to 100,000; or .15% for the rest on $100,000 and above. Portfolio of 125,000 costs 124000x0.15% Pretty neat concept. You can have your 3 fund portfolio of ETFs and buy w...
by David Scubadiver
Thu Oct 12, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5811

Re: How young is too young to retire.

I went to school with a girl who earns 12 million a year. She is still working. If you are thinking of retirement at 40 consider changing careers to something you enjoy more.
by David Scubadiver
Thu Oct 12, 2017 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Simplifying portfolio
Replies: 43
Views: 3433

Re: Simplifying portfolio

Go over to personalcapital.com, link your schwab and tiaa-cref accounts and take a look at how it shows your asset allocation; you can review your tax advantaged accounts and your non-tax advantaged accounts separately and make notes of how their asset allocations compare to one another. That's a st...
by David Scubadiver
Thu Oct 12, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $1M in today's market
Replies: 24
Views: 3779

Re: Need help investing $1M in today's market

So, the conventional wisdom is that lump sum investing sooner rather than later, will beat out dollar cost averaging most of the time. On the other hand, few people are interested in "maximizing" their returns because otherwise they would be 100% invested in equities (or maybe 80/20 if that leads to...
by David Scubadiver
Thu Oct 12, 2017 9:43 am
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3541

Re: 100% invested, all in, no cash- how do you do it?

The simplest thing I found was to deposit my paycheck into my schwab checking account. Every payday, I take the balance of what was in just prior to paycheck deposit, and invest it. But, that's a personal preference. I like living from paycheck to paycheck rather than figuring out what 2 months of ...
by David Scubadiver
Thu Oct 12, 2017 8:24 am
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3541

Re: 100% invested, all in, no cash- how do you do it?

I have 2 months of expenses in a checking account and the rest invested. I think that kind of set up is what most people mean when they say "100%" invested. The simplest thing I found was to deposit my paycheck into my schwab checking account. Every payday, I take the balance of what was in just pr...
by David Scubadiver
Thu Oct 12, 2017 8:21 am
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 3541

Re: 100% invested, all in, no cash- how do you do it?

Back in my youth, I was 100% invested and in the literal sense. My checking account was the strong ulra short term municipal bond fund and that is where I kept my cash. And not just MY cash, but credit card advances at 0%! That was before I realized I would have to report a taxable transaction every...
by David Scubadiver
Thu Oct 12, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: $5.5K to invest - best strategy
Replies: 22
Views: 1594

Re: $5.5K to invest - best strategy

There are literally thousands of investments you can not make and feel terrible about having failed to make 10 years down the road. Cryptocurrency is only one of many roads not taken. If you have a strong rational basis for believing that cryptocurrency is undervalued right now (i.e., all the people...
by David Scubadiver
Thu Oct 12, 2017 5:05 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan
Replies: 31
Views: 2147

Re: Schwab Intelligent Portfolios vs. WiseBanyan

The key to faster growth is to amp up the risk. Even if the slider only goes to 10, tell them you want it at 11! I also recommend buying and selling options without understanding what you are doing. That is the riskiest way to invest and will therefore lead to the greatest potential returns. Not nec...
by David Scubadiver
Wed Oct 11, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Invest $200K cash to stock funds
Replies: 8
Views: 639

Re: Invest $200K cash to stock funds

I never heard of a fund requiring a $100,000 minimum investment. They must have a class of shares that has lower minimums, no? Anyway, sector investing may not be market timing but it is equally suspect given that you have no special knowledge that one sector will outperform another on a risk-adjust...
by David Scubadiver
Wed Oct 11, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - alternative
Replies: 18
Views: 1495

Re: Merrill Edge - alternative

Which is to say, their promotion terms are confusing. You don't need any cash at all to be a preferred rewards member. If you don't have 50,000 in securities and/or cash, you won't qualify anymore. But if you have the $50,000 you qualify. Consider moving your IRA over to them if it is not already th...
by David Scubadiver
Wed Oct 11, 2017 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3965

Re: Protecting against the possibility of a correction?

There is nothing inherently wrong with positioning yourself against a possible decline. However, because there is a 100% certainty that there will be a decline and a fairly good chance you will not accurately predict when it will come, the best way to protect yourself is to have an asset allocation ...
by David Scubadiver
Wed Oct 11, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan
Replies: 31
Views: 2147

Re: Schwab Intelligent Portfolios vs. WiseBanyan

I decided to make the Wisebanyan account 90/10 which is the most aggressive it permits. The reason being that I don't need to own bonds in a taxable account and have plenty of space in my tax deferred accounts to keep may allocation where I wish it to be. I'll probably do the same thing over at Schw...
by David Scubadiver
Wed Oct 11, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Personal Capital advisor service
Replies: 4
Views: 423

Re: Personal Capital advisor service

Personal Capital's fee is rather high and it will eat into your performance. It is a slick interface. You can check out Wisebanyan (they charge nothing to rebalance your portfolio automatically and a small fee if you want them to engage in tax loss harvesting in your taxable account). However, I bel...
by David Scubadiver
Wed Oct 11, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 1977

Re: Advice on Canceling Fidelity Portfolio Advisory Service

What you can expect is that they will try to have you use a less expensive portfolio management tool, such as their robadvisor. If you don't wish to do that they will just give you the paperwork needed to open an brokerage account. Some of your funds may have back end loads/fees for selling. You sho...
by David Scubadiver
Tue Oct 10, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolios vs. WiseBanyan
Replies: 31
Views: 2147

Re: Schwab Intelligent Portfolios vs. WiseBanyan

My second "wealthfront" account with a risk level of 7.0 looks like this: VTI: 35%(US) VEA: 20% (Foreign) VWO: 15% (Emerging Market) VIG: 7% (Dividend US) XLE: 5% (Natural Resources - Energy Select Sector) VTEB: 18% (Municipal bonds). I have to say that I actually like this allocation and I like how...