Search found 658 matches

by bligh
Mon Feb 19, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Chillin' in the BH Lounge
Replies: 45
Views: 4954

Re: Chillin' in the BH Lounge

Roses are red,
Violets are blue,
Vanguard rocks,
but Fidelity is okay too.
by bligh
Sun Feb 18, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 6709

Re: Sell me on the benefits of an emergency fund

I have made several posts on this forum pointing out that I think "Emergency fund" is a poor label given to "Cash Reserves". In a true emergency, your entire net worth becomes your "emergency fund". I am not going to have my family live under a bridge while I have seven figures sitting in an IRA, be...
by bligh
Thu Feb 15, 2018 2:14 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 6550

Re: PSA: Bank of America now charges $12/month for checking

I'm a little surprised at the tolerance of bank fees here for a group that often complains about a single basis point in investment fees. $144/year for a checking account is robbery. I have an account at my local credit union where I typically have less than $10 which is 100% free. Most of my banki...
by bligh
Thu Feb 15, 2018 2:03 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 6550

Re: PSA: Bank of America now charges $12/month for checking

Funnily, I have had nothing but good experience from Wells Fargo customer service. Indeed. Instead of charging you fees for accounts you're not using, they will go ahead and open new ones for you, all without bothering you for trifling things like consent or permission. :sharebeer For sure. However...
by bligh
Thu Feb 15, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: PSA: Bank of America now charges $12/month for checking
Replies: 103
Views: 6550

Re: PSA: Bank of America now charges $12/month for checking

I hate BofA customer service. I was with them for a few years, and closed my account with them several years ago. I just re-opened an account with them late last year to take advantage of the preferred rewards benefits. I try to stick with Merrill Edge website/customer service as much as possible an...
by bligh
Wed Feb 14, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11715

Re: Muni Money Market funds starting to look good!

That’s still a 1.5% tax-equivalent yield for some folks, the party isn’t over yet! I’m keeping my main cashflow account in Fidelity’s equivalent fund, which beats most checking accounts. This isn’t as safe as an FDIC-insured bank account, but could a redemption freeze actually happen in this regula...
by bligh
Wed Feb 14, 2018 5:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 33
Views: 5394

Re: U.S. bonds in freefall

Just tax los harvested my Intermediate Tax Exempt fund to Limited Term Tax Exempt.

Still holding off on the EE Bonds purchase. Seems less and less likely that I will pull the trigger on those guys this year even though a good part of me wants to.
by bligh
Wed Feb 14, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

I may need narrower rebalancing bands. :D
by bligh
Wed Feb 14, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

RRAAYY3 wrote:
Wed Feb 14, 2018 4:28 pm
Cheers to those who held... shots for those that bought more!
What about those of us who wanted to buy more, but hadn't kept any dry powder aside to do so. :)
by bligh
Tue Feb 13, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16745

Re: Number at which to stop worrying

I stopped worrying about finances when we accumulated enough that if we saved $0 additional dollars compound interest alone would get us there. That number also means that if we move into a smaller home and cut our expenses we can retire today. That number also means we can go part time starting to...
by bligh
Tue Feb 13, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9359

Re: Job is starting to suck the life out of me.

samsoes wrote:
Tue Feb 13, 2018 8:44 am
Any Megacorp job will eventually drain your soul. To have that happen at 31 is severe.

Leave. Don't burn bridges; keep smiling, but leave.
+1 Those are words of wisdom right there.
by bligh
Tue Feb 13, 2018 12:39 am
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11715

Re: Muni Money Market funds starting to look good!

Just a heads up. Looks like the "party" is pretty much over. As of right now : Vanguard Municipal Money Market Fund (VMSXX) - 0.93% Vanguard New York Municipal Money Market Fund (VYFXX) - 0.90% Vanguard California Municipal Money Market Fund (VCTXX) - 0.89% I just transferred my cash back to my Savi...
by bligh
Fri Feb 09, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: Does Anyone Know Anything?
Replies: 36
Views: 3392

Re: Does Anyone Knows Anything?

No. We are all like Jon Snow.
by bligh
Thu Feb 08, 2018 4:01 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

MotoTrojan wrote:
Thu Feb 08, 2018 4:00 pm
Correct me if I am wrong, but even after all of this we STILL haven't had an actual correction (10% drop), but it is extremely close.
Yup. Looks like under 2% needed for a 10% drop for the S&P 500.
by bligh
Thu Feb 08, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

A 1000 point drop for the Dow.

I think the buyers will need to brown bag lunch tomorrow, Taco Bell might be a little too pricey.
by bligh
Thu Feb 08, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Dow down 800+ points.

Not sure if the buyers can afford sushi right now. They should probably just get some Taco Bell...
by bligh
Thu Feb 08, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Does the drop warrant moving money out of safe 3% savings account?
Replies: 11
Views: 1275

Re: Does the drop warrant moving money out of safe 3% savings account?

Keep the money in your savings account. 3% is a really good guaranteed rate of return for such a short duration.

12 months from now the market could be down another 10%.
by bligh
Thu Feb 08, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Looks like this cluster of volatility is going to take us all the way into a full correction. Maybe more. I look forward to being able to buy the stocks cheaper. For purely psychological reasons, if we are going to have 5% returns over the next 10 years, I prefer they are a steady 5% each year, inst...
by bligh
Wed Feb 07, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: 529, Am I being stupid by not being greedy?
Replies: 14
Views: 1153

Re: 529, Am I being stupid by not being greedy?

Hi all. I'd love your opinion here. My daughter is a junior in high school. We have saved and have invested and have been fortunate enough to save up 240K in her 529 for a private 4 year school where she is likely to end up. We will not get aid. Now that the money is there to pay for the 60k each y...
by bligh
Tue Feb 06, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

thangngo wrote:
Tue Feb 06, 2018 1:24 pm
bligh wrote:
Tue Feb 06, 2018 1:06 pm
Boy the Bulls and the Bears are really battling it out today arent they? Today's chart is like a yoyo.
Yeah.. I haven't seen this kind of battle for a while now. Interesting to watch.
Looks like the Bulls are going to get a decisive victory .... at least for today. Wow look at that climb.
by bligh
Tue Feb 06, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Boy the Bulls and the Bears are really battling it out today arent they? Today's chart is like a yoyo.
by bligh
Tue Feb 06, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

not trying to jinx anything, but at least today is showing some advantage of owning 50/50 US/INT'L +1 I saw a few comments yesterday on this thread regarding being glad they're all U.S... +2 if you hold a slight tilt to Emerging Markets like I do. But lets not forget, that it is a double edged swor...
by bligh
Tue Feb 06, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: Young vs Middle Aged?
Replies: 32
Views: 2868

Re: Young vs Middle Aged?

IMVHO - 0-12 Young 13-18 Teenager 18-30 Young Adult 30-45 Adult 45-65 Middle Aged 65+ Elderly The boundaries are always going to be fuzzy. Each of these brackets could shift +/- 5 years or so. Depending on timing of major life events and decisions (ie. career progression, late starts, early marriage...
by bligh
Mon Feb 05, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

njuser wrote:
Mon Feb 05, 2018 6:23 pm
Vanguard is updated for today. ow.
Ow is right. :shock:

I suspect we wont be seeing many new "2 comma club" posts for a bit.
by bligh
Mon Feb 05, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

knpstr wrote:
Mon Feb 05, 2018 5:31 pm
S&P 500 down 1.4% YTD... looking to go from all equities to all cash. IPS says: "act on impulse"

Thoughts?
Lol! :D
by bligh
Mon Feb 05, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

900 points. Wow. I wish I had kept some cash to buy in right now.

Edit. 1000 point drop .. WOW! This is a proper panic isn't it? Will they cease trading?
by bligh
Mon Feb 05, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Dow is now down over over 790 points .. wow. Amazing to witness.
by bligh
Sat Feb 03, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?
Replies: 15
Views: 2619

Re: Is there any reason not to very gradually migrate an emergency savings fund from a savings account to I Bonds?

I use I Bonds as part of my “extended” cash reserves but I still maintain cash reserves in a savings account. For most people, in a true emergency all your assets, including those in retirement savings plans would come into play. What most people hold cash reserves for is that they provide immediate...
by bligh
Fri Feb 02, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

TomatoTomahto wrote:
Fri Feb 02, 2018 7:48 pm
RRAAYY3 wrote:
Fri Feb 02, 2018 5:00 pm
How are you guys breaking the news to loved ones?
"Honey, according to Livesoft's rule, we can buy another Tesla!"
That is such a coincidence. That rule is exactly how I broke the news to my wife.

Though, in my case, the car in question was much cheaper than a Tesla. :mrgreen:
by bligh
Fri Feb 02, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46445

Re: Today was a Really Bad Day

Given the drop in the market today, I think it's worthwhile to revive this thread just to remind everyone that while fear is definitely present, over the long-term, the market has still marched upward. Sometimes it stumbles and falls, but it has always gotten back up and kept on going. P.S. I find ...
by bligh
Fri Feb 02, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Today was a Really Bad Day
Replies: 278
Views: 46445

Re:

Like 1987, doomsday at the time but eventually just a blimp on the chart. Wilson Things will get better--1988 turned out to be a goodyear. The moderation team doesn't take to kindly to poking fun at other members. Tread lightly. :) I for one am tire d of all the jokes. The bad puns will continue un...
by bligh
Fri Feb 02, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

These delighted posts will look so sad if this is the start of a deep, multi year bear market. :shock:
by bligh
Fri Feb 02, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

lostdog wrote:
Fri Feb 02, 2018 3:29 pm
I see the term FOMO(Fear of missing out) in past articles on the rally. Do you feel FOMO on sale days like these?
I do :( ... I wish I had some cash coming in at the moment so I could buy on an RBD like today.
by bligh
Fri Feb 02, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Blister wrote:
Fri Feb 02, 2018 2:36 pm
Lbill wrote:
Mon Aug 08, 2011 1:30 pm
DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?

This was the first post on this thread. 2011 :beer
Looks like we just hit a 550 point loss today with an hour of trading left. It is a smaller drop in percentage terms though.
by bligh
Fri Feb 02, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 33
Views: 5394

Re: U.S. bonds in freefall

- Tax loss harvesting. I have some intermediate term municipal bonds I am looking to tax lost harvest. I was thinking of selling them and moving the funds into a limited term municipal bond for a couple of months and then switching back. Is there a dollar amount at which it makes sense to TLH? How ...
by bligh
Fri Feb 02, 2018 11:18 am
Forum: Investing - Theory, News & General
Topic: U.S. bonds in freefall
Replies: 33
Views: 5394

U.S. bonds in freefall

With the "U.S. Stocks in freefall" thread and the "bitcoin in freefall" thread and with BND at a multi year low, I didn't want bonds to feel left out. Anyway, I have three questions: - What does everyone think of EE Bonds in the current environment? Obviously they become less attractive as we watch ...
by bligh
Thu Feb 01, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a backyard?
Replies: 35
Views: 2775

Re: How much to spend on a backyard?

Seems to me if a $260k investment yields $500k then its a no brainer. Of course tastes may be different in 30-40 years. Do to the property what makes you happy. True, but $250k in 20 years (roughly when i retire) will be worth $1MM! :shock: Also, I don't have $250k lying around, so i'd need to take...
by bligh
Tue Jan 30, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Posters sound so calm and are sticking to their plans. That's easy to do with a small dip. We will see how it goes when they get hit in the nose with a 20% drop. I was thinking the same thing. It is easy for us all to be smug on the first couple of down days after a run up like we've had. The deer ...
by bligh
Tue Jan 30, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 6676

Re: How to think about your house from a financial perspective

Another way to think of it. (My personally preferred way in retirement), with a paid off house, the imputed rent return is pre-tax so it works almost like a pre-tax inflation adjusted annuity. For example, You own your $400K home outright. After property taxes, HOA, insurance, etc. you save $1200 vs...
by bligh
Mon Jan 29, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 41
Views: 9486

Re: Bank of America vs Chase

To get out of the ACH fee, just have a Merrill Edge account, transfer the money there in real time and send it from there...same everything, but under the Merrill Edge brand, it’s free. Thanks! Yeah I was wondering the same thing. Didn't see a similar fee for my Merrill Edge account. I could also a...
by bligh
Mon Jan 29, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 41
Views: 9486

Re: Bank of America vs Chase

One thing I recently found with BoA is they charge $3.00 per outgoing ACH transfer ($10 for 1 day ACH). Of course I could write a check off BoA then electronically deposit it to my online HYSA - essentially the same thing but no fee. Just shows you have "innovative" some banks are in finding fee ba...
by bligh
Mon Jan 29, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5600
Views: 1264730

Re: U.S. stocks in freefall

Feel like we need a U.S. Bonds in freefall thread. :D
by bligh
Sat Jan 27, 2018 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with large stock holding in taxable account
Replies: 32
Views: 2329

Re: What to do with large stock holding in taxable account

Is he married or single? And what is his other income? He might owe zero in taxes if handled properly. Married. Wife not working. How could he owe zero taxes? Have a look at this page : https://en.wikipedia.org/wiki/Capital_gains_tax_in_the_United_States Notice how if a Married Filing Jointly house...
by bligh
Sat Jan 27, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23676

Re: 401k millionaires

Not in NYC. Not even close to upper middle class. Sure if you live in Manhattan or Brooklyn you wont get very far, but if you go to the suburbs you'd be okay. Anyway the boundaries are always going to be fuzzy. It is very difficult to pin down the exact number, circumstance and location at which a ...
by bligh
Sat Jan 27, 2018 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Here's my net worth....I max everything out.....now what?
Replies: 64
Views: 11484

Re: Here's my net worth....I max everything out.....now what?

Congratulations OP on being in such great shape financially. +1 on the recommendations to go completely mortgage free with some of the cash you have. Yes the interest rate is low, but by not paying that low interest you are getting a guaranteed rate of return on your money. You are taking on no addi...
by bligh
Fri Jan 26, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23676

Re: 401k millionaires

I wonder what percentage of people with access to a 401k are maxing it out though? It's got to be low single digits. The median household income in the US is ~$55k. As a family income there is no way most people can max out a 401k. Noone expects the "average" person to max out a 401k. But the top 1...
by bligh
Fri Jan 26, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: Starting to feel like the late 1990s?
Replies: 145
Views: 12650

Re: Starting to feel like the late 1990s?

It's days like this that make me feel I have too much in bonds... or do some market timing :oops: I agree though.. it does feel frothy doesn't it? I will stay the course. Why? Because 2017 went nothing like what I had predicted. January 2018 has also gone nothing like I had predicted. So that contin...
by bligh
Fri Jan 26, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 3404

Re: Buying a home - Financial Benefits? HCOL

You are being good at avoiding a question several have had. Are you comparing the rent for your current dwelling to buying an equivalent place or upgrading? Can you provide any info on your current situation? Monthly rent, size of the place, quality, etc? Not the OP, but I am renting a place I coul...
by bligh
Fri Jan 26, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 3404

Re: Buying a home - Financial Benefits? HCOL

I don’t feel “pressure” to buy ... it just seems to be the “thing to do” across my friends / family / elders and I’m just making sure I’m not missing something / waaay off base on my views Strictly from a financial perspective - looks I’m right and would be way better off dumping that money into in...
by bligh
Thu Jan 25, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat the urge to spend?
Replies: 68
Views: 3675

Re: Strategies to combat the urge to spend?

The two biggest mistakes I have seen people make and have had the biggest impact on my spending are : 1) When spending is that they do it by considering their income instead of their wealth. The worst possible version of this is when they break it down into a monthly payment so the numbers seem smal...