Search found 117 matches

by workerbeeengineer
Sun Dec 16, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 1989

Re: Fidelity Contra Fund

Fidelity's Contrafund has a heavy tilt toward tech. I believe it had almost 8% in Facebook alone at one point, its largest holding at that time. Tech was certainly where it was at most of the year. However it is huge with 120 bil in assets. When Facebook book started to go south, you and I can sell...
by workerbeeengineer
Sat Dec 15, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 1989

Re: Fidelity Contra Fund

I guess part of my concern is that too many people seem to have seen too much value in FANG...but are now violently changing their minds.
by workerbeeengineer
Sat Dec 15, 2018 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contra Fund
Replies: 24
Views: 1989

Fidelity Contra Fund

Majority of the portfolio is in index funds. However, while perhaps not in keeping with BH philosophy, DW and I have a long term position in Fidelity Contra fund. Has done fairly well in the long term, and it’s held in DW’s IRA. We like it since the manager seems to understand the FANG stocks. As ba...
by workerbeeengineer
Sat Dec 08, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Vanguard TIPS FUND
Replies: 4
Views: 542

Re: Vanguard TIPS FUND

Ahhh...shows my ignorance for sure. Thanks for setting me straight. Any thoughts on the effectiveness of the moves?
by workerbeeengineer
Sat Dec 08, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard TIPS FUND
Replies: 4
Views: 542

Vanguard TIPS FUND

Was reviewing the end of June 2018 Semiannual report for VIPSX (yes, I know it’s now December :oops: ). I noted in the discussion on management of the portfolio that there was a long-duration bias at the start of the year. Further indicates that “we shifted out of the position in January...based on ...
by workerbeeengineer
Wed Dec 05, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: 529 Withdrawals - Online vs. Paper Form
Replies: 7
Views: 567

Re: 529 Withdrawals - Online vs. Paper Form

We have Nevada sponsored Vanguard 529 Plan. Have only made qualified withdrawals online, but I believe it would be the same process for non-qualified.
by workerbeeengineer
Sat Nov 17, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Interview with Fidelity's Abigail Johnson
Replies: 28
Views: 3587

Re: Interview with Fidelity's Abigail Johnson

I recall Barron’s either interviewed Abby Johnson or just ran an article on her about 4-6 weeks ago. Must be Bloomberg’s turn this month?
by workerbeeengineer
Mon Nov 12, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Financial Engines thru Vanguard
Replies: 14
Views: 881

Re: Financial Engines thru Vanguard

I have used it in the past. Monte Carlo analysis. As I remember, the tool can analyze your Vanguard assets, plus non-Vanguard assets you manually enter. There is a tutorial within the tool on how it works. If you are not familiar with Monte Carlo techniques, you should step through it. The tool gave...
by workerbeeengineer
Sat Nov 03, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I get vision insurance?
Replies: 39
Views: 4078

Re: Should I get vision insurance?

We have vision coverage, but have “run the numbers” multiple years at open enrollment time to see if it would make sense to drop it. Best we can figure, it’s either a wash or slightly beneficial to carry the coverage for our family of 3. This thread does make me think however...Our Child just starte...
by workerbeeengineer
Tue Oct 30, 2018 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation question
Replies: 7
Views: 686

Re: 529 Asset Allocation question

Steel, you do not indicate your state of residence. That could enter into your decision process as some states offer state income tax deductions for 529 plan contributions. You can find discussions on that aspect here on BHs or other websites. Assuming that is not a consideration for you, then I'd s...
by workerbeeengineer
Sat Oct 27, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Who should I believe?
Replies: 48
Views: 7612

Re: Who should I believe?

Aoiowl, I believe most, but not all, on this forum are in the US. So a different home bias than for yourself. My view is that while US has done very well compared to rest of world, no one can say if that will continue in the future. So my current equities asset allocation is indeed 50% US and 50% Ex...
by workerbeeengineer
Sat Oct 27, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: RealEstate slowdown and Stocks Declining....
Replies: 9
Views: 2006

Re: RealEstate slowdown and Stocks Declining....

it's not clear to me if most people will be hurt by SALT, helped by SALT, or basically end up with a neutral outcome. My quick and dirty calculations earlier this year indicated DW and I would end up basically neutral. That is, about the same amount of taxes paid. I'm fully expecting that good old T...
by workerbeeengineer
Sat Oct 27, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA Simplified Needs Test now that forms 1040A and 1040EZ are gone
Replies: 11
Views: 999

Re: FAFSA Simplified Needs Test now that forms 1040A and 1040EZ are gone

Since FAFSA indicated that our EFC was larger than the cost of attendance at our child's chosen University, there was no aid awarded other than the offer to take out loans (student and parents). I'm sure whatever tweaks that were made to the FAFSA to account for the changes in the tax laws will stil...
by workerbeeengineer
Thu Oct 25, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Investor Center vs Online
Replies: 10
Views: 663

Re: Fidelity Investor Center vs Online

I am helping a relative setup a new Fidelity account for some inherited funds. It might be easier for them to go to a Fidelity Investor Center that is 45 minutes away instead of trying to do it online and mailing in paperwork. The relative will manage the account online himself though with my guida...
by workerbeeengineer
Wed Oct 24, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 27
Views: 2501

Re: Car broker

We used a buying service at my workplace Credit Union about 10 years ago. We decided to purchase a somewhat loaded SUV late in the model year. Thought we would save a few bucks as the dealers were working to selloff the current model year vehicles before the next model year vehicles arrived. As my s...
by workerbeeengineer
Mon Oct 22, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: 529: Just getting started
Replies: 14
Views: 1279

Re: 529: Just getting started

I live in Florida, 2 kids. I went with the Vanguard 529, administered by Nevada. I like that it's with Vanguard, can see it in my regular VG account page and is relatively low fees. We live in California, which unlike Florida most definitely has a state income tax. However, since there is no deduct...
by workerbeeengineer
Thu Oct 18, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2513

Re: Masters Degree Advice

Regarding the requirement to stick with the company for a period of time if they paid the grad school tuition (or they will claw it back)...after paying for my MS and allowing me to work 2 years reduced hours at full time pay, I was called into the department office. Was told by the Business Manager...
by workerbeeengineer
Thu Oct 18, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: would you buy bonds or corporate bonds now?
Replies: 19
Views: 1846

Re: would you buy bonds or corporate bonds now?

David Swenson, the Chief Investment Officer at Yale, argues against Corp Bonds in his book Unconventional Success - A Fundamental Approach to Personal Investment. He cites credit risk, lack of liquidity, and callability. He views callable bonds as " heads I win, tails you lose" from the issuer's per...
by workerbeeengineer
Thu Oct 18, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Kids inherited $8,000 each - 529 or regular brokerage?
Replies: 34
Views: 2370

Re: Kids inherited $8,000 each - 529 or regular brokerage?

I don’t recognize the term “custodial 529”. A 529 plan incurs no tax on earnings if the proceeds are utilized for legitimate college expenses ( tuition, fees, room & board, etc.)
by workerbeeengineer
Wed Oct 17, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2513

Re: Masters Degree Advice

Somewhat similar experience as LawEgr1. In some or maybe even most Aero/ Defense companies, the Systems Engineers rule. However, be aware that it’s not all glory. Some aspects of Systems Engineering can be unglamorous imo. Requirements flow down and requirements verification planning for example don...
by workerbeeengineer
Mon Oct 15, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 127
Views: 15591

Re: Sears, a 125 year old company is now a penny stock.

Just to add another comment...I remember the phase when Sears tried having a Stock Brokerage desk in the store. I think it was Dean Whiter (spelling?) or something close. I had left my first employer after college and had a few ESOP shares of stock. Was able to sell those shares using this service. ...
by workerbeeengineer
Mon Oct 15, 2018 8:43 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 90
Views: 6474

Re: When to stop putting money into an older vehicle

In addition to cost, reliability is an important criteria for me. If I have a vehicle that I cannot trust for a trip or that I am having to do too many repairs, regardless of expense, it is time to replace it. However, some things are just wear and tear like the brakes cited by OP that are required...
by workerbeeengineer
Sat Oct 13, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 733

Re: Collective Investment Trust choice in 401k

Thanks all. I’m feeling good about the CIT choice.
by workerbeeengineer
Sat Oct 13, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 733

Re: Collective Investment Trust choice in 401k

Thanks JoMoney...I should of thought to check the Wiki :oops:
by workerbeeengineer
Sat Oct 13, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 733

Re: Collective Investment Trust choice in 401k

FiveK, I think you are basically telling me not to worry. If you have experience with CITs, can I ask if you receive pricing/value info on perhaps a quarterly basis? I know it’s not in keeping with BH principles to constantly monitor how one’s investments are fluctuating, but I do like to check-in p...
by workerbeeengineer
Sat Oct 13, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Collective Investment Trust choice in 401k
Replies: 17
Views: 733

Collective Investment Trust choice in 401k

My company is rolling out a new set of fund choices for the 401k. To help achieve a total US stock market exposure I’ll need to utilize an Extended Market Collective Investment Trust from State Street. ER is very reasonable, but I have no experience with CITs. I believe there is less transparency wi...
by workerbeeengineer
Sat Oct 06, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Book or other resource for managing spending phase of investing
Replies: 6
Views: 808

Re: Book or other resource for managing spending phase of investing

MnD, you can try “Living Off Your Money” by Michael McClung. His “Prime Harvesting” strategy has been discussed here a lot.
by workerbeeengineer
Sat Oct 06, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Young investor looking for advice of current situation
Replies: 20
Views: 1588

Re: Young investor looking for advice of current situation

Smithbt2, as others have said...Welcome! I will try not to pile on too much here. As you were already advised, you need to get your debt under control. Realistically, you should defer any plans to purchase a house. As you basically realize....the Beamer has to go. You did not mention it, but I’m pre...
by workerbeeengineer
Sat Oct 06, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 12052

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Let me add my experience from a buyer's perspective. We bought our house about 20 years ago. Local California custom (at least it was two decades ago in this town) was to extend the seller the courtesy of letting them stay in the house a last night or even two after the purchase closed. I did not r...
by workerbeeengineer
Fri Oct 05, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to Approach Investing for my Children
Replies: 20
Views: 1553

Re: How to Approach Investing for my Children

I am definitely in the “don’t over think it” camp. While college is not for every young person, it’s the norm in the US that most kids will go. So what if 529s are “restrictive”. I’d think most families would be well served with a goal of at least 50% of each kid’s estimated college cost being funde...
by workerbeeengineer
Fri Oct 05, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 12052

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

Let me add my experience from a buyer's perspective. We bought our house about 20 years ago. Local California custom (at least it was two decades ago in this town) was to extend the seller the courtesy of letting them stay in the house a last night or even two after the purchase closed. I did not re...
by workerbeeengineer
Wed Oct 03, 2018 10:59 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Capital Preservation Investment Options
Replies: 6
Views: 541

Re: 529 Capital Preservation Investment Options

Suggest you check out Vanguard 529 plan sponsored by state of Nevada. Specifically the Interest Accumulation Portfolio. ER OF 0.16%. Does not pay much, but low cost and very low risk of lost of capital. Our child is now a college freshman, so we need the safety as well.
by workerbeeengineer
Sat Sep 29, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 13991

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

This is new news to me. I'm sure I'll end up purchasing it, hardcover or maybe wait for softcover. I was highly influenced by the original.
by workerbeeengineer
Fri Sep 28, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab or Fidelity - choosing for kid's new 529?
Replies: 16
Views: 716

Re: Schwab or Fidelity - choosing for kid's new 529?

Meant to add...while I am big on low cost 529 plans, other BHs have pointed out that these plans do likely impact college financial aid. According to FAFSA, dear wife and I are "rich", so we always assumed it would be on us to be the financial aid. I don't have much experience with UGMA, but am unde...
by workerbeeengineer
Fri Sep 28, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab or Fidelity - choosing for kid's new 529?
Replies: 16
Views: 716

Re: Schwab or Fidelity - choosing for kid's new 529?

OP, looks like you have made a decision to go with Maryland 529, so maybe that part of your post is done. Regarding another account to teach the children good savings skills & habits, I don't think you have indicated how old your kids are right now. If they are younger, then maybe a simple savings a...
by workerbeeengineer
Sun Sep 16, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11643

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Gave myself the handle of "workerbee" about 2 & half years ago when I joined BHs at same time I had just voluntarily taken myself off the management track at work. Had a couple of personnel issues to deal with that ripped my guts out. Told my Vice President I could not do it anymore. She was OK with...
by workerbeeengineer
Thu Sep 13, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10399

Re: Anyone else not save for cars?

We took a middle approach with last two vehicle purchases. Significant down payment, with cash taken from extended EF, and balance of purchase funded through loan from Credit Union at work. As mentioned by others here, the very low interest rates probably influenced our thinking to some degree.
by workerbeeengineer
Tue Sep 11, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: basic 529 questions for a friend's new born
Replies: 5
Views: 568

Re: basic 529 questions for a friend's new born

Agree with the others who have replied that 529 plans are a good thing. Useful info regarding 529 plans and Saving for College in general can be found on Morningstar. The "More" pull-down menu, Personal Finance. We live in California (no state tax deduction), and use Vanguard Nevada 529 plan.
by workerbeeengineer
Sun Sep 02, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time dad, OK to use willmaker software?
Replies: 37
Views: 3375

Re: 1st time dad, OK to use willmaker software?

Sigh, First....Congrats on the birth! The tiredness will pass :happy. Let me start by saying that I am under the impression that estate laws vary state-to-state. So some aspects or details probably depend on your state of residence. Next, in my opinion, the current value of your assets is secondary ...
by workerbeeengineer
Sat Aug 25, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Move some over to Fidelity ZERO ?
Replies: 23
Views: 1925

Re: Move some over to Fidelity ZERO ?

Zero ER is good, but you seem to acknowledge that you will need to either give up international small cap exposure or actually have to open two accounts at Fidelity. Only you can decide if the reduction in cost from the 0.11% ER going away justifies the added complexity. I'm sure lots of opinions ar...
by workerbeeengineer
Sat Aug 18, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help me pick a TIPS fund
Replies: 8
Views: 915

Re: Help me pick a TIPS fund

I have VIPSX through workplace 401k plan. No commissions, but same 0.2% ER. Performance seems to track the benchmark just fine. Hard to argue however with Duckie's comments and advice to go with SWRSX. Lower ER and avoiding the $40 per year in commissions.
by workerbeeengineer
Sat Aug 18, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help With 529 Plan
Replies: 18
Views: 1941

Re: Help With 529 Plan

We've been happy with Vanguard for our 529. We reside in California, but are using the Vanguard 529 plan sponsored or offered by Nevada. Good choice of investment options. We went more conservative as our child approached 18 years old. By start of senior year in high school, all the money was in the...
by workerbeeengineer
Tue Mar 06, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 7313

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

Katietsu, Any thoughts as to a remedy for these uninformed investors? Each of us is responsible for our own 'path to retirement,' not one brokerage house, no matter how they structure their funds. I do not want to comment on whether or not this should be true in principle. But in practice, the numbe...
by workerbeeengineer
Sat Mar 03, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan - Betterment -> Vanguard
Replies: 2
Views: 663

Re: Retirement Plan - Betterment -> Vanguard

mrplee4, as TwstdSista warns, you will need to cover the taxes withheld out of pocket. Even if it all washes out in next year's taxes, why do it? Suggest you consider setting up a rollover IRA with Vanguard first and request they handle the paperwork for a direct rollover. Additional Roth IRA makes ...
by workerbeeengineer
Sat Mar 03, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: notice that fidelity password blocked
Replies: 18
Views: 2116

Re: notice that fidelity password blocked

Fidelity blocked my password one time (year or two ago). Turned out to be a hacker who was trying to get into workplace accounts associated with my employer. I also received a call from my employer notifying me what was going on. Fidelity Security indicated this person was high up on their "most wan...
by workerbeeengineer
Sun Feb 25, 2018 10:58 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 5203

Re: What books changed your outlook on how you should invest?

Probably all mentioned already: Don't Count on It! (Saint Jack) Winning the Losers Game (Ellis) Random Walk Down Wall Street (Malkiel) Living Off Your Money (McClung) The Millionaire Next Door (Stanley & Danko) Unconventional Success (Swenson) Smart Couples Finish Rich (Bach) Get What's Yours (Revis...
by workerbeeengineer
Sat Feb 24, 2018 11:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity International Index Funds
Replies: 3
Views: 853

Fidelity International Index Funds

Fellow BHs: I am comparing among Fidelity International Index Funds as part of planning for eventual rollover IRA. Also certainly planning on US domestic index fund(s) as part of asset allocation, but focusing on non-US portion of equity portfolio here. I take note of two Fidelity index funds that s...
by workerbeeengineer
Wed Feb 07, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Inverse VIX ETN down 80% after hours
Replies: 42
Views: 5986

Re: Inverse VIX ETN down 80% after hours

Sorry for asking a dumb question, but will do so anyway...I kind of get it that those who purchased the Inverse VIX made money as long as the stock market was non-volatile. My question is - who was on the losing side of that trade the last year or so when in fact the market was pretty placid? Did we...
by workerbeeengineer
Mon Jan 15, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Investment Grade (barely)
Replies: 9
Views: 1361

Re: Investment Grade (barely)

I think you need to be careful when you say that this Fidelity has 17.9% in Illinois municipal bonds as if all Illinois muni bonds are the same. Now I don't know exactly what this fund holds since I only have Vanguard funds, but Vanguard funds have a whole host of issuers in every state including I...