Search found 478 matches

by pasadena
Wed Aug 05, 2020 11:59 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 131
Views: 9858

Re: Anyone else hoarding cash right now?

I'm increasing my emergency fund, so I guess the answer is yes. Right now I have a little more than 5 months of normal expenses in VMMXX - still a little low for comfort. I'm not sure what that comfortable level actually is. The goal is to be able to withstand a job loss for a reasonable amount of t...
by pasadena
Thu Jul 30, 2020 2:01 pm
Forum: Personal Investments
Topic: High net worth, volatility phobic investor seeking help
Replies: 84
Views: 5758

Re: High net worth, volatility phobic investor seeking help

If I had 25 millions at age 46, I would either be have the same portfolio as she does (just trying to protect it from inflation), or 99% stocks.
by pasadena
Tue Jul 28, 2020 5:41 pm
Forum: Personal Investments
Topic: New job questions
Replies: 3
Views: 500

Re: New job questions

As a rule of thumb, the tax advantage of the 401(k) makes it a no-brainer, except in some (rare) situations where your marginal tax rate is very low, your investment choices are very bad, etc. You could (maybe should) max-out your Roth IRA first (using the Backdoor technique if you're above the inco...
by pasadena
Sat Jul 25, 2020 6:44 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 5921

Re: How did you determine risk tolerance?

Caveat: I haven't read the whole thread. I started off with the "common wisdom" AA given my age and horizon (a little more conservative, actually), something that seemed reasonable. I watched the markets, so I started to understand how they work (read: they don't really make sense, and they go up, t...
by pasadena
Fri Jul 17, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: Of course, this is not a "Timing" advice, but we should be aware of "Billionaires look to reduce equities..."
Replies: 34
Views: 3450

Re: Of course, this is not a "Timing" advice, but we should be aware of "Billionaires look to reduce equities..."

Well, it does sound like market timing advice. And then if you read the article, it definitely doesn't look like your title does. They took out cheap loans to invest in equities when those crashed. Now that they have rebounded, they will sell to bank their profits. There is nothing that we "should b...
by pasadena
Thu Jun 25, 2020 6:01 pm
Forum: Investing - Theory, News & General
Topic: Should I invest my emergency fund?
Replies: 157
Views: 32136

Re: Should I invest my emergency fund?

This sounds like a reasonable idea at first glance. I had started doing that, as my non-retirement portfolio grew and now holds a little less than 3 years of expenses (as of today). In March, I was holding about 3 months of expenses in a MM fund, everything else was in my portfolio. I don't count my...
by pasadena
Mon May 18, 2020 7:58 pm
Forum: Personal Investments
Topic: Do you Max for 401k then go for mega backdoor or both concurrently?
Replies: 14
Views: 1024

Re: Do you Max for 401k then go for mega backdoor or both concurrently?

I max out my pre-tax 401(k) first, for two reasons: at my current tax rate, pre-tax is more valuable than Roth, and this lets me max-out employer match too (with the added advantage that if I lose my job, I will have put away as much as possible before that - while not impossible, there is little ch...
by pasadena
Sun May 17, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5877

Re: Rent is increased by 6%, negotiation tips?

The "professional" management model used for large company owned properties is set up to avoid allowing negotiations over rent. Usually the front-office is staffed by lower level employees that have little decision making latitude. They will be very polite but say there is nothing they can do - pol...
by pasadena
Sat Mar 28, 2020 2:44 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 53357

Re: How Is Your Job Being Impacted By The Current Crisis?

I'm in IT. So far the only impact has been the inability to travel to visit my customers. I was already working from home, so that hasn't changed. Some customers are suspending projects due to the coronavirus crisis, but mine have not (yet). I do expect some of them to be impacted sooner or later, t...
by pasadena
Sun Mar 22, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Urban area -- sign 12 month lease?
Replies: 10
Views: 643

Re: Urban area -- sign 12 month lease?

What does your lease say about renewals? If it says that it automatically transforms to a month-to-month lease after expiration, then leave it be. Otherwise... do ask your LL for month to month? Or a shorter term. I live in a home that I love, and I also work in tech BUT I don't have family around. ...
by pasadena
Sun Mar 22, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: Young investors, how do you feel about your 1st market crash?
Replies: 132
Views: 9143

Re: Young investors, how do you feel about your 1st market crash?

I've realized that my emergency fund is not nearly as large as it should be. I should not have lump summed in 2020's contributions. That's my biggest takeaway. This. This has been the main lesson for me, so far. I'm also somehow starting to look at my non-retirement investments in terms of "how man...
by pasadena
Tue Mar 17, 2020 2:43 pm
Forum: Investing - Theory, News & General
Topic: VERY disappointed in Vanguard's ETHICS!!!
Replies: 27
Views: 2331

Re: VERY disappointed in Vanguard's ETHICS!!!

Thank you for the laugh.
by pasadena
Tue Mar 17, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9609

Re: What is your AA, given your age ? and this crisis ?

I'm 45 closing in on 46. 80/20 in my retirement accounts (401(k) and Roth IRA). Same in my HSA. 60/40 in my non-retirement accounts (taxable and another Roth IRA). However I did TLH my entire international position last Thursday and have decided to keep it in cash until my ESPP money comes at the en...
by pasadena
Tue Mar 17, 2020 12:22 am
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 153
Views: 17093

Re: The Black Swan is Here

Many of the deaths have been in nursing homes where the average life expectancy upon admittance is 6 months. If so, then the average nursing home death would be a person with about 3 months left without the virus, the virus having reduced their life by 3 months. It is also very likely that these nu...
by pasadena
Tue Mar 17, 2020 12:20 am
Forum: Personal Investments
Topic: The Black Swan is Here
Replies: 153
Views: 17093

Re: The Black Swan is Here

I agree with most of the above, the fatality is likely to be less than we currently have. What is different with this thing, is that asymptomatic people are contagious , and even if they develop symptoms, the incubation period is very long , so they have a lot of time to spread it before they even k...
by pasadena
Mon Mar 16, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 56990

Re: How to get Toilet Paper ? seriously.

I would try to go to the store right when they open in the morning.
by pasadena
Mon Mar 16, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

Hey, remember that time when we were all talking about the market losing more than a thousand points in one day and how that was unprecedented and scary? Three weeks ago?

Good times.
by pasadena
Mon Mar 16, 2020 12:47 pm
Forum: Personal Investments
Topic: Take money out of the bank?
Replies: 66
Views: 5843

Re: Take money out of the bank?

dukeblue219 wrote:
Sun Mar 15, 2020 8:47 pm
Seriously, though, I don't even know what would cause banks to be locked, much less why it would be a better solution than massive printing of money by the Fed and massive deficit spending by Congress.
People panic-withdrawing their cash for no reason.
by pasadena
Mon Mar 16, 2020 11:23 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8378

Re: Who is continuing to buy as planned?

401(k) contribution going in today. I did change the auto investment so it will go to 100% US stocks - trying to avoid hitting rebalancing bands. I don't have any plans to buy anything in my non-retirement accounts until the last quarter of this year, so that hasn't changed. Just TLH'ing, keeping an...
by pasadena
Mon Mar 16, 2020 11:22 am
Forum: Personal Investments
Topic: Are BH tax loss harvesting now or waiting?
Replies: 25
Views: 1019

Re: Are BH tax loss harvesting now or waiting?

And when you say "there's no limit" how would that look, practically, if I were to TLH today and say the fund I TLHed into drops another 10-15% in the next week? Do I TLH back to the original fund I TLHed out of or something? And that wouldn't result in a wash sale? Or would I have to TLH into a *d...
by pasadena
Mon Mar 16, 2020 10:19 am
Forum: Personal Investments
Topic: Are BH tax loss harvesting now or waiting?
Replies: 25
Views: 1019

Re: Are BH tax loss harvesting now or waiting?

I did last Thursday. Sold all my VTIAX and some VWITX for about $3,200 losses (I didn't have much compared to most people here). By a happy mistake, I sold instead of exchanging, and only realized that on Friday after the close. So now I'm sitting on the cash and will probably buy VFWAX today.
by pasadena
Sat Mar 14, 2020 5:30 pm
Forum: Personal Investments
Topic: Windfall question
Replies: 22
Views: 1137

Re: Windfall question

Sandtrap wrote:
Sat Mar 14, 2020 5:16 pm
Strategies also depend on the size of the windfall.

Wealth: 1-5 million
Substantial Wealth: 5-10 million
Mega Rich: 10+ million
Etc.

j :happy
And time horizon / goals
by pasadena
Sat Mar 14, 2020 1:20 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 889

Re: student loan interest frozen- invest or pay off loans?

Have they published the details yet? If not, I would wait for that. In particular, what does it mean? Delayed payment, loan term moved forward? Are they still accruing? My guess is that they are frozen, not waived. You will have to pay them eventually. Also, how much a month are we talking about? My...
by pasadena
Sat Mar 14, 2020 1:15 pm
Forum: Investing - Theory, News & General
Topic: Event-Driven Bear Markets in U.S. History, 1835-2020
Replies: 26
Views: 2729

Re: Event-Driven Bear Markets in U.S. History, 1835-2020

• Event-Driven Bear Markets (n=5). These are triggered by one-off shocks that do not lead to a domestic recession (e.g., an oil price shock, pandemic, war or emerging markets crisis). Thank you, this is interesting, and it makes complete sense to me. While I couldn't really articulate it because I ...
by pasadena
Fri Mar 13, 2020 10:42 pm
Forum: Investing - Theory, News & General
Topic: VBTLX vs. BND
Replies: 23
Views: 2638

Re: VBTLX vs. BND

Yes, I've always expected them to be within a few .01% of each other. But this is a 4.75% gap, that's huge :confused
by pasadena
Fri Mar 13, 2020 10:28 pm
Forum: Investing - Theory, News & General
Topic: VBTLX vs. BND
Replies: 23
Views: 2638

Re: BND vs VBTLX Percent Difference Today

keith1660 wrote:
Fri Mar 13, 2020 6:23 pm
Why is BND up 4.22% while VBTLX down -0.53% today?
Doesn't make sense to me either. Vanguard has updated their website, so this is today's price. Fidelity's FXNAX is also down.
by pasadena
Fri Mar 13, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

Today's fake rally created by the mom and pops investors is really aggravating, This is SO condescending. You *are* one of these "moms and pops investors" - not to mention that you have no idea what is going on and why the market is up today, or even if it will stay up. It's also very selfish and s...
by pasadena
Fri Mar 13, 2020 8:41 am
Forum: Personal Investments
Topic: Pre market/future for Friday 3/11/2020
Replies: 4
Views: 344

Re: Pre market/future for Friday 3/11/2020

The market has been like this since this thing has started. Huge losses followed by big rallies. You're going to suffer from whiplash if you look at it too much. Part of it is "people" (probably mostly financial people) - and bots - buy the dips. Since the dips are so low, the rebounds are pretty bi...
by pasadena
Wed Mar 11, 2020 11:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

I will say I think that qualifies as a really bad day. Well. My entire stash of VTIAX has gone negative. I have about $1,500 of losses to harvest. Unless tomorrow's another one of those swing days, I finally have a trigger to do something. It's we're in a every-other-day-is-a-RBD kind of time. Same...
by pasadena
Wed Mar 11, 2020 9:00 pm
Forum: Personal Investments
Topic: Backed Into A TLH Corner?
Replies: 13
Views: 830

Re: Backed Into A TLH Corner?

Deactivate dividend reinvestment in both accounts, before the payment date?
by pasadena
Wed Mar 11, 2020 6:08 pm
Forum: Personal Investments
Topic: Raise 401k contributions?
Replies: 11
Views: 904

Re: Raise 401k contributions?

Cue the market timing responses. I front-load my 401(k) - it's set up to max out mid-may this year - and I sure am glad about that right now. If I didn't, I would probably be asking myself the same question that you're asking now. I can't say what I'd end up doing. The thing is, what if this thing g...
by pasadena
Wed Mar 11, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

firebirdparts wrote:
Wed Mar 11, 2020 4:53 pm
I will say I think that qualifies as a really bad day.
Well. My entire stash of VTIAX has gone negative. I have about $1,500 of losses to harvest. Unless tomorrow's another one of those swing days, I finally have a trigger to do something. It's we're in a every-other-day-is-a-RBD kind of time.
by pasadena
Tue Mar 10, 2020 7:59 pm
Forum: Investing - Theory, News & General
Topic: Why 5% Rebalancing Bands Are Wrong
Replies: 65
Views: 5087

Re: Why 5% Rebalancing Bands Are Wrong

I was also expecting my bands to be reached faster this time. But your premise is that not having to rebalance is a bad thing. Why is it a bad thing?
by pasadena
Tue Mar 10, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Unmarried home ownership, joining his preexisting purchase
Replies: 72
Views: 3756

Re: Unmarried home ownership, joining his preexisting purchase

Reading this set off a number of alarms in my head. I get that he asks for a contract - which silenced a few of the alarms, but as someone said above, it still doesn't sound quite right. Also your explanation isn't super clear to me. 35% of *what*? Sounds like you also got one of these alarms - why ...
by pasadena
Mon Mar 09, 2020 11:13 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1661
Views: 138570

Re: Coronavirus; How has your Life changed?

No changes here. People are irrationally fearful over Corona. Are they, though? How do you know? How do they know? I was reading articles from Italian newspapers and testimonies from doctors there... and while I'm still not freaking out, what's happening there is scary. Fear might be irrational, bu...
by pasadena
Mon Mar 09, 2020 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Portfolio review Please now that I avoided the Possible Annuity Disaster
Replies: 4
Views: 551

Re: Portfolio review Please now that I avoided the Possible Annuity Disaster

You have enough money to retire now unless your planned spending in retirement is way more than the $5000/mo you mention as an estimate. Roughly speaking you probably arrive at the point of concern at maybe twice that rate of spending. In effect there is a good chance your SS alone would support yo...
by pasadena
Mon Mar 09, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3591

Re: How often do you re-balance during these times?

ThankYouJack wrote:
Mon Mar 09, 2020 9:55 am
What’s the point of checking it so closely unless you enjoy it?
I do.
by pasadena
Mon Mar 09, 2020 10:29 am
Forum: Personal Investments
Topic: 401K Check in Transit - Turbulent Market
Replies: 6
Views: 297

Re: 401K Check in Transit - Turbulent Market

I'm curious about your strategy. Why go with a TR fund *and* a broad market fund? Are you trying to tilt towards something? Most TR 2050 funds are like 90% stocks. Unless your broad market fund is a tilt, I don't understand the need for it? To answer your question, there will always be choppy market...
by pasadena
Mon Mar 09, 2020 10:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

Well one reason is to safeguard against computer-driven trading run amok. I don't see much benefit for human trading, OTOH a 15 minute breather could actually quell someone's rash decision. A lot of people are going with their emotions and after a while when you're deep into it, you lose sight of t...
by pasadena
Mon Mar 09, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3591

Re: How often do you re-balance during these times?

I update my numbers every day after market close. If I'm 5% off, I rebalance the next day (waiting until the last minute so I have a better idea of that day's closing prices). That's the theory. Haven't really had to do it yet (I rebalanced early after the first few days, but that was mostly because...
by pasadena
Mon Mar 09, 2020 9:38 am
Forum: Investing - Theory, News & General
Topic: Actual experience vs hypothetical scenarios
Replies: 46
Views: 3415

Re: Actual experience vs hypothetical scenarios

I started in 2012. Between then and 2015, I was blissfully unaware of anything market-related. My 401(k) was very small, invested in some target retirement fund, and getting new money every 2 weeks. I realized 2013 was a down year when a coworker mentioned it, early 2014. I opened my first Roth IRA ...
by pasadena
Mon Mar 09, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19465
Views: 2696231

Re: U.S. stocks in free fall

These are extraordinary times. I remember both 2000/2001 and 2008 well. Now as a mid-career professional working for one of the FAANGMs in a breakout area, we’ve been told to stay home for a month. This didn’t happen during either of the previous crisis. I hope we’ll still have jobs by April. In 20...
by pasadena
Sun Mar 08, 2020 1:05 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

My plan didn't allow for daily in-plan conversions until recently. Now that it does, I will do that. Max out AT, daily convert to Roth 401(k), and once it's maxed out for the year, call Fidelity to rollover the whole thing to my Roth IRA. You've got me thinking now. My plan is similar; although I c...
by pasadena
Sun Mar 08, 2020 12:38 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

Follow up random question. If you have a SDIRA split 80/20 IRA/Roth plus a work 401k encompassing the Mega roth plan which you are maxing out can you still contribute to the simple state of the mill backdoor roth 7k or have you already hit your limit if you are contributing to the mega plan at work...
by pasadena
Sat Mar 07, 2020 9:26 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

Correct, this is not done online at fidelity but is a one time call. It happens automatically after that call. As stated above, you need to look at the sources to know how the money is directed. Although, the one thing you can't do is determine how to choose which funds for which accounts. They are...
by pasadena
Sat Mar 07, 2020 9:22 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

Correct, and it's a bit of a PITA. AT contributions are deposited in the fund that is the closest thing to a MM, then I call Fidelity to have that money rolled over. I opened a Roth IRA at Fidelity specifically for that purpose, making the rollover easier and faster. There has been a few times last...
by pasadena
Sat Mar 07, 2020 5:32 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

I rollover all my after-tax contributions to a Roth IRA so I don't see those in NetBenefits anymore, but I expect I would if I were using the auto-conversion feature. As it is, my breakdown shows Rollover (my previous employer's 401(k)), Employee Pre-Tax and Employer Match. How do you rollover your...
by pasadena
Sat Mar 07, 2020 5:05 pm
Forum: Personal Investments
Topic: Mega Roth After tax contribution
Replies: 25
Views: 1159

Re: Mega Roth After tax contribution

Thank you @1789.. Unfortunately I only see percentages listed in my contributions page. Agree they are trying to make it easier yet, reads your brokerage link is the same, mine jumbles everything up. At this point I only have two ETF's listed and my fidelity cash account. I read an article which wa...
by pasadena
Sat Mar 07, 2020 3:15 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Est benefits question
Replies: 11
Views: 1253

Re: Social Security Est benefits question

Https://opensocialsecurity.com/ gives you a link to https://ssa.tools/ for computing your PIA estimate. That site can handle zero years correctly. Thank you! I have the same issue as OP (with many more $0 years) and had a hard time understanding the official ssa.gov desktop app results. This site i...
by pasadena
Sat Mar 07, 2020 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance deductible and finance company
Replies: 1
Views: 167

Auto insurance deductible and finance company

I bought a new car last month, and decided to finance part of it. The guy at the dealership told me that the finance company required my insurance to have a deductible of max $1,000. I don't remember this to be written in any of the loan papers I signed (and I read the whole thing, I made the dealer...