Search found 227 matches

by buhlaxtus
Wed Mar 03, 2021 9:45 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 151
Views: 9556

Re: How long would you back a loosing horse, to Stay The Course?

idmcrick wrote: Wed Mar 03, 2021 9:39 pm recognizing your own missteps and acting on them can be invaluable
Sure. The point is, you don't have enough information to claim that you made a misstep.
by buhlaxtus
Wed Mar 03, 2021 9:42 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 151
Views: 9556

Re: How long would you back a loosing horse, to Stay The Course?

Maybe 10 years isnt' long enough, but it's 25-35% of my entire investment timeline, which is significant to me. If 10 years isn't long enough, how long is? I'm with this person I think: a decade is not a long time period for tilting. if you're going to tilt you have to stick with it for life. Essen...
by buhlaxtus
Wed Mar 03, 2021 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA annuity looks suspiciously good
Replies: 13
Views: 1513

Re: TIAA annuity looks suspiciously good

Is it that TIAA has had the use of your money for some considerable time already?
by buhlaxtus
Wed Mar 03, 2021 9:03 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 151
Views: 9556

Re: How long would you back a loosing horse, to Stay The Course?

"Entire investing career" makes it sound like a long time, but it is only ten years. That is not long enough for you to know if the landscape has changed to the point that your strategy chosen ten years ago is no longer viable for the future.
by buhlaxtus
Wed Mar 03, 2021 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: DAF Contribution - TurboTax Handling
Replies: 4
Views: 194

Re: DAF Contribution - TurboTax Handling

The DAF will not accept donations with conditions attached.

They may indeed direct the money where you ask them to, including with specific instructions like directing it to a sub-fund or special purpose, but there is no requirement for them to do so and they do not commit to it.
by buhlaxtus
Tue Mar 02, 2021 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Index Universal Life for Cryonics
Replies: 42
Views: 2012

Re: Index Universal Life for Cryonics

bberris wrote: Tue Mar 02, 2021 5:33 pm There's a place down the street that also advertises eternal life. Not so pricey though.
Oh, there's a price. It's just in other coin :)
by buhlaxtus
Mon Mar 01, 2021 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Index Universal Life for Cryonics
Replies: 42
Views: 2012

Re: Index Universal Life for Cryonics

Please let me know if you have anything to add, other than an opinion on the goal; I would truly appreciate feedback on the means to my end goal. If you have none, that's fine... You asked for financial advice, and it seems the advice you need is how to avoid cons. Ignoring the really obvious con f...
by buhlaxtus
Mon Mar 01, 2021 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Index Universal Life for Cryonics
Replies: 42
Views: 2012

Re: Index Universal Life for Cryonics

Cryonic preservation and indexed universal life policies are two separate and independent excellent scams to relieve you of your money. Neither is justified by making good decisions about your portfolio otherwise :)
by buhlaxtus
Sat Feb 27, 2021 10:36 am
Forum: Investing - Theory, News & General
Topic: Investing in Retirement for Dividends
Replies: 70
Views: 3115

Re: Investing in Retirement for Dividends

That's a sales pitch, not an argument. And no, it has no merit.
by buhlaxtus
Wed Feb 24, 2021 10:56 pm
Forum: Investing - Theory, News & General
Topic: Turnover rates and Index funds How do I evaluate
Replies: 8
Views: 529

Re: Turnover rates and Index funds How do I evaluate

(3). Those are both low and not really distinguishable, practically speaking. The two companies will make slightly different decisions and timing as they track the index. The main thing is, tracking that index doesn't need a lot of turnover in the first place.
by buhlaxtus
Tue Feb 23, 2021 9:36 pm
Forum: Personal Investments
Topic: Confirming the mechanics of back door Roth
Replies: 4
Views: 375

Re: Confirming the mechanics of back door Roth

Step 0 is to make sure you don't have other, pretax money in traditional IRAs or similar that you'll have to deal with. Other than that, yes this is the procedure. I have not found it onerous.
by buhlaxtus
Mon Feb 22, 2021 1:48 am
Forum: Investing - Theory, News & General
Topic: LASER "fund" (universal life insurance strategy). Opinions?
Replies: 13
Views: 997

Re: LASER fund or equivalent. Opinions?

Wannaretireearly wrote: Mon Feb 22, 2021 1:37 am Here's a link that explains the LASER fund. I haven't got thru this yet...:
https://3dimensionalwealth.com/this-cou ... -tax-free/
That link explains nothing, it is obvious shilling. What is the actual thing you're asking about?
by buhlaxtus
Mon Feb 22, 2021 12:43 am
Forum: Investing - Theory, News & General
Topic: LASER "fund" (universal life insurance strategy). Opinions?
Replies: 13
Views: 997

Re: LASER fund or equivalent. Opinions?

First question, what is it? If you don't even know that, then of course you shouldn't consider it.
by buhlaxtus
Sun Feb 21, 2021 10:24 pm
Forum: Investing - Theory, News & General
Topic: don't want to buy I bonds; what ETF will mimic?
Replies: 39
Views: 3080

Re: don't want to buy I bonds; what ETF will mimic?

In my experience the worst thing about the treasury direct account is having to click my password instead of typing it. It's annoying and dumb It is an effective countermeasure to keylogger attacks. One wonders what the other 80-90% of my financially important and security-conscious sites are doing...
by buhlaxtus
Sun Feb 21, 2021 9:59 pm
Forum: Investing - Theory, News & General
Topic: don't want to buy I bonds; what ETF will mimic?
Replies: 39
Views: 3080

Re: don't want to buy I bonds; what ETF will mimic?

In my experience the worst thing about the treasury direct account is having to click my password instead of typing it. It's annoying and dumb, but not enough so that I won't do it to get the sweet sweet inflation adjusted returns. Even if the returns are almost zero, like now.
by buhlaxtus
Sun Feb 21, 2021 6:28 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation & Inexperience During Bear Markets
Replies: 72
Views: 3185

Re: Asset Allocation & Inexperience During Bear Markets

Why does the length matter though? What we're measuring is whether one could stay the course or panic sell at the bottom. The length matters because after a year or three of steady expenses and lousy portfolio balance, some people start sleeping really badly, or worse, start needing to withdraw too...
by buhlaxtus
Sun Feb 21, 2021 5:47 pm
Forum: Personal Investments
Topic: Where to invest an extra Twenty thousand dollars?
Replies: 9
Views: 932

Re: Where to invest an extra Twenty thousand dollars?

Clearly it should go into your emergency fund, or bit coin :twisted:

Personally I'd keep it in cash for now and use it to pay for the remodel. I see I'm not alone. Good luck!
by buhlaxtus
Sun Feb 21, 2021 2:20 pm
Forum: Investing - Theory, News & General
Topic: Friends don't let friends buy annuities...
Replies: 35
Views: 3846

Re: Friends don't let friends buy annuities...

You know this is firm "keep your mouth shut" territory :)
by buhlaxtus
Sat Feb 20, 2021 12:35 pm
Forum: Personal Investments
Topic: If you're 30-ish years away from retirement, should you have any bonds?
Replies: 94
Views: 4354

Re: If you're 30-ish years away from retirement, should you have any bonds?

I am not against 100% equities. I am against 100% equities without understanding the risks and truly knowing one's risk tolerance. And you don't know your risk tolerance until a bear market occurs, even if you think you do. You can't. You can't possibly know how you'll react to an event that you've...
by buhlaxtus
Thu Feb 18, 2021 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice Needed
Replies: 34
Views: 2646

Re: Career Advise Needed

I live a relatively boring life, it won't change much with the new job. If I took the new job I will have more free time since I will be working much less, so that gives me the opportunity to travel more. Biggest change would be that I would not be able to save anything from my W-2 earnings. Makes ...
by buhlaxtus
Thu Feb 18, 2021 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Career Advice Needed
Replies: 34
Views: 2646

Re: Career Advise Needed

You have enough money to meet basic needs for the rest of your life, and you're bored out of your gourd. How much of your preferred luxuries will you actually have to cut if you take the big reduction in pay for a happier job? Maybe it's not a big deal. No one else cares how much money you make. Adv...
by buhlaxtus
Thu Feb 18, 2021 10:27 am
Forum: Personal Investments
Topic: Son asking me for advice on 401K
Replies: 14
Views: 1174

Re: Son asking me for advice on 401K

He is doing very well and any changes would be fine tuning. If he feels like getting into the whole trad-vs-roth, bonds-and-how-much, type of questions and do some research, great for him. If not there's no reason for him to bother.
by buhlaxtus
Wed Feb 17, 2021 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth tax question
Replies: 12
Views: 744

Re: Backdoor Roth tax question

That's how mine looks. Is the box checked for "Taxable amount not determined"?
by buhlaxtus
Wed Feb 17, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: "TBD" home buyers -- what's your savings approach?
Replies: 27
Views: 1350

Re: "TBD" home buyers -- what's your savings approach?

That's me! I was just building up cash for a while, but then I started not liking to have so much cash around so I moved about 20% of it into a stock index fund. It's almost 30% now but I don't expect that to last :) I have the advantage of being extremely flexible about what I do with the money and...
by buhlaxtus
Sun Feb 14, 2021 7:04 pm
Forum: Investing - Theory, News & General
Topic: What was the Dot-Com bubble like?
Replies: 167
Views: 11399

Re: What was the Dot-Com bubble like?

I had my retirement money (not much at that time) in an actively managed fund with a reputable company (?) that had good talk. The fund crashed 50% and never recovered, unlike the actual market. By a couple years after the crash the fund didn't exist anymore. Just one of hundreds of examples of acti...
by buhlaxtus
Sat Feb 13, 2021 4:07 pm
Forum: Personal Investments
Topic: Workplace Plan Recommendations
Replies: 4
Views: 366

Re: Workplace Plan Recommendations

Wow, those options are not great. Yeah I would do exactly what you're suggesting if it was me.
by buhlaxtus
Sat Feb 13, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: New York City landlord - tenant not pay rents
Replies: 44
Views: 4181

Re: New York City landlord - tenant not pay rents

So are you going to buy property and let people live there for free? I don't operate rentals so that I don't find myself balancing ethical and financial pressures when stuff like this happens. Anyone else can make that choice too. No property owner deserves to destroy someone else's life (as explic...
by buhlaxtus
Sat Feb 13, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Didn't Receive 2019 Return
Replies: 4
Views: 391

Re: IRS Didn't Receive 2019 Return

I had this happen one year. I'm not sure if I failed to drop it in the mail, or the IRS failed to receive it. Anyway, they sent me a letter a couple years later warning me that I was about to lose my opportunity to claim a refund. I had owed (and paid) tax so there was no getting a refund. I dug up ...
by buhlaxtus
Sat Feb 13, 2021 12:16 am
Forum: Personal Finance (Not Investing)
Topic: New York City landlord - tenant not pay rents
Replies: 44
Views: 4181

Re: New York City landlord - tenant not pay rents

Everybody needs a place to live. Your lawyer should be able to tell you what you can do - if your lawyer isn't helping, perhaps you can find another one.
by buhlaxtus
Fri Feb 12, 2021 7:44 pm
Forum: Personal Consumer Issues
Topic: Pilot Light Tarnishes our Silver
Replies: 11
Views: 1439

Re: Pilot Light Tarnishes our Silver

Ugh, all these gymnastics. There is nothing good about venting your combustion appliances into your house. It has been the source of cancer and death literally since humanity discovered fire.
by buhlaxtus
Thu Feb 11, 2021 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot enter the Roth IRA conversion amount in TurboTax
Replies: 17
Views: 1752

Re: Cannot enter the Roth IRA conversion amount in TurboTax

Right now to isolate the problem, I only have Conversion portion from 1099-R entered in Turbotax Oh good, that helps. For the conversion 1099-R, I believe you need to change your answer to the question “did you convert your entire distribution?”. This sounds like it should be YES. I think so too. I...
by buhlaxtus
Tue Feb 09, 2021 8:39 pm
Forum: Investing - Theory, News & General
Topic: Mechanics of complying with Vanguard frequent trading policy
Replies: 11
Views: 833

Re: Mechanics of complying with Vanguard frequent trading policy

spencer99 wrote: Tue Feb 09, 2021 8:30 pm I didn't understand this well enough to foresee that I would initiate a frequent trading restriction
Haha, me either, or at least I wasn't paying attention. I was well into the whole business before the warning popped up and I put it down until later.
by buhlaxtus
Tue Feb 09, 2021 8:21 pm
Forum: Investing - Theory, News & General
Topic: Mechanics of complying with Vanguard frequent trading policy
Replies: 11
Views: 833

Re: Mechanics of complying with Vanguard frequent trading policy

I recently managed this by waiting to change the employer portfolio until Vanguard's frequent trading window on the particular fund had passed. It was very easy :) Might not suit for all situations though, for instance I do not make frequent regular adjustments at Vanguard but more like once or twic...
by buhlaxtus
Tue Feb 09, 2021 2:40 am
Forum: Personal Investments
Topic: Request for assistance with large single stock portfolio - quasi index
Replies: 8
Views: 730

Re: Request for assistance with large single stock portfolio - quasi index

The second portfolio is not very comparable to the first, and won't have the same value after 10 years, because it will soon veer away from the index weightings and there is no mechanism to rebalance it. It's got a whole different risk profile, investment strategy, ... the two approaches would be su...
by buhlaxtus
Mon Feb 08, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot enter the Roth IRA conversion amount in TurboTax
Replies: 17
Views: 1752

Re: Cannot enter the Roth IRA conversion amount in TurboTax

So far you have said you DID recharacterize in 2020, and that you did NOT recharacterize in 2020. Which is it? :)
by buhlaxtus
Mon Feb 08, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot enter the Roth IRA conversion amount in TurboTax
Replies: 17
Views: 1752

Re: Cannot enter the Roth IRA conversion amount in TurboTax

The question is important. Rollover, recharacterization, contribution, and conversion are all different things and are treated in different ways. First is to determine what you actually did, which I can't tell from what you've said so far. Seems you're saying one thing but your 1099-R is saying anot...
by buhlaxtus
Sun Feb 07, 2021 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot enter the Roth IRA conversion amount in TurboTax
Replies: 17
Views: 1752

Re: Cannot enter the Roth IRA conversion amount in TurboTax

Things are not matching up here. (1) Why did you say you did a rollover? (2) Why does your 1099-R list a recharacterized amount?
by buhlaxtus
Fri Feb 05, 2021 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house: Do water softener and reverse osmosis pump Convey?
Replies: 12
Views: 1003

Re: Selling house: Do water softener and reverse osmosis pump Convey?

Where I live both would certainly convey in the standard offer. Never hurts to be explicit though.
by buhlaxtus
Fri Feb 05, 2021 9:24 pm
Forum: Personal Consumer Issues
Topic: Weird problem with our Whirlpool fridge
Replies: 14
Views: 1364

Re: Weird problem with our Whirlpool fridge

Three grand is a cheap price for good sleep, if you have the cash.
by buhlaxtus
Mon Dec 21, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Understanding Cost basis and selling shares
Replies: 16
Views: 867

Re: Understanding Cost basis and selling shares

If they are all covered shares (bought 2012 or later) - just always use specific identification, and choose the shares you want to sell. Unlikely there's any reason to use the other metods.
by buhlaxtus
Mon Dec 21, 2020 12:18 pm
Forum: Personal Consumer Issues
Topic: Craiglist post response
Replies: 60
Views: 4232

Re: Craiglist post response

Scam. Report to craigslist, don't respond.
by buhlaxtus
Sun Dec 20, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Regarding backdoor ROTH in taxes and foreign tax credit
Replies: 15
Views: 571

Re: Regarding backdoor ROTH in taxes and foreign tax credit

Backdoor Roth needs form 8606. I don't know about foreign tax credit. Kind of sounds like you might need to fire this guy.
by buhlaxtus
Sun Dec 20, 2020 10:17 pm
Forum: Personal Consumer Issues
Topic: Sell truck to buy cheaper car with no payments
Replies: 45
Views: 2310

Re: Sell truck to buy cheaper car with no payments

Yes, sell the dumb truck and buy a sensible car. No I am not opinionated, why do you ask? :D
by buhlaxtus
Sun Dec 20, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: Are Strong Passwords Really Necessary?
Replies: 313
Views: 15441

Re: Are Strong Passwords Really Necessary?

The best way to protect yourself online is to use a reputable password manager , and make all your passwords unique strings of long random characters. Then, enable 2FA on all websites that support it. Doing so will not only be more secure but will also be more convenient that whatever it is you are...
by buhlaxtus
Sun Dec 20, 2020 6:08 pm
Forum: Personal Consumer Issues
Topic: Want to find very simple idiot proof smoke detector
Replies: 23
Views: 1189

Re: Want to find very simple idiot proof smoke detector

egrets wrote: Sun Dec 20, 2020 5:31 pm replace them with Very Simple smoke detectors that are not connected to the house electrical system and do not talk to each other
Don't do this. Yes the false positives are more annoying, but they are made this way (and now required to be this way by code) because it is considerably safer.
by buhlaxtus
Sat Dec 19, 2020 11:26 pm
Forum: Personal Investments
Topic: Gold ETFs keep changing hands
Replies: 17
Views: 1282

Re: Gold ETFs keep changing hands

Look what happened with 2X and 3X ETFs. They don't do what they say (values change overnight). Also look what happened to oil ETFs. They didn't track the price of oil in recent extreme conditions. This is nonsense, these ETFs did and do exactly what is stated in the prospectus. Of course, it's nece...
by buhlaxtus
Sat Dec 19, 2020 11:23 pm
Forum: Personal Consumer Issues
Topic: Windows Defender
Replies: 38
Views: 2853

Re: Windows Defender

Equitius wrote: Sat Dec 19, 2020 6:58 am I despise it. It's a tracking mechanism I don't need or want. I have completely disabled it in Windows 10.


BTW, I have not had a virus in a decade or more.
... doubtful about that last bit