Search found 313 matches

by fantasytensai
Thu Oct 19, 2017 9:12 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3966
Views: 1054028

Re: U.S. stocks in freefall

DaftInvestor wrote:
Thu Oct 19, 2017 9:03 am
S&P and Dow down only 0.5% at the moment (with NASDAQ down 1%) - let's see if this is the day some have been waiting for.
It should be. I just bought 30k of VTSAX yesterday :P
by fantasytensai
Wed Oct 18, 2017 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rebalance OR just use a new money?
Replies: 8
Views: 489

Re: Should I rebalance OR just use a new money?

Hello, I have 3 fund lazy portfolio. My assets allocation is 70/30. I am 41y old. Been doing some reading about the need to keep portfolio balanced. I guess the point is to keep it on target assets allocation. And that would make me sleep at night better. What I have been doing every month, I would...
by fantasytensai
Wed Oct 18, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2020

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

This is easy. According to the below link, daily returns have been positive 53.6% of the time since 1950. So I say up. Slightly better than a coin toss. https://www.crestmontresearch.com/docs/Stock-Yo-Yo.pdf It's amazing that even in a bear market the stocks go up more often than down. It really is...
by fantasytensai
Wed Oct 18, 2017 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2020

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

By tomorrow do you mean Thursday or when this actually happens? First, I would tell the gunmen he is an idiot for asking the question. But if forced to answer I would say go up which is probably highest statistical answer. Yup. Through your response and alex_686 I came to realize that what happens ...
by fantasytensai
Wed Oct 18, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2020

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

Thanks guys for not ripping me too hard. Yes I am trying to decide whether to lump sum or DCA a decent amount of $$ before 4 pm EST today. I realize that this is a completely ridiculous question. Go easy!
by fantasytensai
Wed Oct 18, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2020

If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?

I know this is a ridiculous hypo, but if someone held a gun to your head, and force you to pick if the S&P 500 will rise or fall tomorrow, if you win you live, which would you choose? I know this doesn't appear relevant to this thread, but it will actually help me solve a problem with my personal in...
by fantasytensai
Mon Oct 16, 2017 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1114

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Assuming the company plan allows for in-service transfers, it seems like one would have two options, rolling over after-tax non-Roth contributions to the company's Roth 401k or rolling over after-tax non-Roth contributions to an outside Roth IRA. Why should one prefer one choice over the other? Sim...
by fantasytensai
Mon Oct 16, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Sell fund cost basis
Replies: 10
Views: 699

Re: Sell fund cost basis

If I sell 100% of a mutual fund, does it really matter what method I use? I had an original amount then reinvested dividends over 10 years. The default is average method, I've heard people say use the FIFO method. If you are selling 100%, then I don't see how the method of cost basis matters. It's ...
by fantasytensai
Mon Oct 16, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1114

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Steph, mopman78, would a quarterly rollover of my after-tax contributions to Roth 401(k) count as a "contribution" towards my yearly 18k limit? Not one of "them", but the initial contributions to the plans (or to IRA's, etc.) are what "count" in terms of limits. Once the money is IN those plans, th...
by fantasytensai
Mon Oct 16, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1114

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Steph, mopman78, would a quarterly rollover of my after-tax contributions to Roth 401(k) count as a "contribution" towards my yearly 18k limit? Not one of "them", but the initial contributions to the plans (or to IRA's, etc.) are what "count" in terms of limits. Once the money is IN those plans, th...
by fantasytensai
Mon Oct 16, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1114

Re: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

Steph, mopman78, would a quarterly rollover of my after-tax contributions to Roth 401(k) count as a "contribution" towards my yearly 18k limit?
by fantasytensai
Mon Oct 16, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?
Replies: 23
Views: 1114

Is it possible to have a Traditional 401(k), Roth 401(k), Traditional IRA, and a Roth IRA account at the same time?

A while ago I asked a question about Mega Backdoor Roth, and long story short I was told that I could open a Roth 401k account within my company, and contribute a maximum of 10% of my income to my 401(k) as after-tax contributions, then roll over the after-tax contributions to my Roth 401k along wit...
by fantasytensai
Tue Oct 10, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Question on selling used car (Tax related)
Replies: 6
Views: 415

Re: Question on selling used car (Tax related)

I think OP may be confused on some fundamental concepts of taxation and selling a used car. Read this quick article.

https://www.dmv.org/articles/income-tax ... -used-car/
by fantasytensai
Tue Oct 10, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance...again (15y at 3.25% going to 2.875%)?
Replies: 11
Views: 1342

Re: Should I refinance...again (15y at 3.25% going to 2.875%)?

We are a married couple in the 35% federal and 6% state tax brackets and subject to AMT. Just six months ago, we refinanced a 30 year adjustable rate mortgage (17 years remaining) to a 15 year, 3.25% fixed rate mortgage. We plan to stay in this house for the foreseeable future. The current home val...
by fantasytensai
Tue Oct 03, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 197
Views: 22650

Re: Identity theft

So here is what I know so far. The custodian of my father's IRA states that in early September they received a phone call from a man posing as my father, who passed all the security questions and requested a change in email address and that forms for withdrawal of funds be sent to that email. Aroun...
by fantasytensai
Fri Sep 29, 2017 9:05 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12825

Re: Why do you LBYM? Why do you save and invest?

Expro wrote:
Fri Sep 29, 2017 2:46 am
What I'm getting from this thread is that Bogleheads are frightened, job hating old people who pick up pennies and learned to save soap scraps from their parents and grandparents.
I'm 29, but the other points are valid.
by fantasytensai
Thu Sep 28, 2017 7:20 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12825

Re: Why do you LBYM? Why do you save and invest?

Because I hate my profession, but I invested years of my life into getting a degree and license for the earning potential, so I cannot (or should I say, choose not to) turn back. This speaks to me on so many levels. If you can, try not to take your work home with you. Cliche I know, but that is rea...
by fantasytensai
Thu Sep 28, 2017 4:56 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12825

Re: Why do you LBYM? Why do you save and invest?

Because I hate my profession, but I invested years of my life into getting a degree and license for the earning potential, so I cannot (or should I say, choose not to) turn back. This speaks to me on so many levels. If you can, try not to take your work home with you. Cliche I know, but that is rea...
by fantasytensai
Thu Sep 28, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12825

Re: Why do you LBYM? Why do you save and invest?

Because I hate my profession, but I invested years of my life into getting a degree and license for the earning potential, so I cannot (or should I say, choose not to) turn back. So the compromise I made myself is to shorten the amount of my exposure to the profession. I will work 10 years with extr...
by fantasytensai
Fri Sep 22, 2017 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: What are the benefits of rolling over after tax 401k to a Roth IRA?
Replies: 10
Views: 640

Re: What are the benefits of rolling over after tax 401k to a Roth IRA?

Look up the many threads on Mega Backdoor Roth ("wander" should as well). Another possible option you might have is in-plan Roth rollover. Then you could convert the after-tax to Roth 401(k) and stay in the same plan. Question, I was recently presented with that option - in-plan rollover to Roth 40...
by fantasytensai
Fri Sep 22, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3041

Re: Warren Buffett and Bond Funds

I assume you are a fellow IBM employee? Do you still participate in ESPP? The incentives are awful....5% discount, purchase price utilized per paycheck instead of per offering period.....how do you justify it? I would not justify it today (recent years). I have old ESPP when the discount was 15%. I...
by fantasytensai
Fri Sep 22, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3041

Re: Warren Buffett and Bond Funds

Warren Buffett is a ..... don't get me started. Remember when he bought all that IBM stock? And kept buying, saying when the price went down it was a sale. So I did not sell my ESPP stock as I was going to, thinking this is a smart guy, so ..... I'm sure he pulled out all the marketing tricks to he...
by fantasytensai
Thu Sep 21, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2046

Re: Bonds - Ugh

If you want to put money in bonds, average it out. If you don't want to put money in bonds, it's time to reevaluate your AA. There are no big differences between those 4 bonds, the differences are pretty clear from their names. VBTLX is the more diversified option. You don't invest in bonds to chase...
by fantasytensai
Thu Sep 21, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 16
Views: 1720

Re: Going to try my hand at Mega Backdoor Roth

I participate in a plan that allows rollovers of after-tax contributions. Some notes on my setup that might be useful to others. The plan is managed by Fidelity I try to roll contributions and gains monthly The destination Roth IRA is also at Fidelity, which allows the rollover transaction to be do...
by fantasytensai
Thu Sep 21, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 16
Views: 1720

Re: Going to try my hand at Mega Backdoor Roth

do I need to do this roll over every year, or is it just a one time event when I feel there is enough growth to justify the maneuver? I feel that if I have minimal gains on my 13.5k, it is a waste of resources to do this every year. You should do it at least once a year and more often if allowed. B...
by fantasytensai
Wed Sep 20, 2017 9:59 pm
Forum: Investing - Theory, News & General
Topic: "Find out if your fund is declaring a quarterly dividend this month."
Replies: 17
Views: 3383

VTSAX September 2017 Dividend date?

[Thread merged into here, see below. --admin LadyGeek]

Does anyone know how to find out when it is? Thanks!
by fantasytensai
Wed Sep 20, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 16
Views: 1720

Re: Going to try my hand at Mega Backdoor Roth

Thank you very much for the clarification. The rollover process from After Tax Contributions should be as often as allowed to the Roth IRA to prevent investment growth. I was stupidly under the impression that the growth from After Tax Contributions would not be taxed even when it was in the 401(k).
by fantasytensai
Wed Sep 20, 2017 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Going to try my hand at Mega Backdoor Roth
Replies: 16
Views: 1720

Going to try my hand at Mega Backdoor Roth

I'm a relative newbie to Boglehead investing. Over the past year I have maxed out my 401(k), Roth IRA, and HSA as a ways of getting my feet wet. For year two, I decide to give Mega Backdoor Roth a go after doing a lot of reading on it. Facts: Income: 135k 401k match: 6% Amount expect in 401k by end ...
by fantasytensai
Wed Sep 20, 2017 4:22 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 366

Re: Buying and selling mutual funds in a 401(k)

Yes. It is a traditional 401k. Thank you.
by fantasytensai
Wed Sep 20, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 366

Re: Buying and selling mutual funds in a 401(k)

This may be a very basic question, but I do not know the answer. My 401(k) is currently 50% VTSAX and 50% VBTLX. If I sell 10% of my VTSAX and buy the equivalent $$ of VBTLX, is that considered a taxable event? Appreciate the answers. No. Great! Now I have a follow up (and basic) question. There is...
by fantasytensai
Wed Sep 20, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Buying and selling mutual funds in a 401(k)
Replies: 5
Views: 366

Buying and selling mutual funds in a 401(k)

This may be a very basic question, but I do not know the answer.

My 401(k) is currently 50% VTSAX and 50% VBTLX. If I sell 10% of my VTSAX and buy the equivalent $$ of VBTLX, is that considered a taxable event?

Appreciate the answers.
by fantasytensai
Wed Sep 20, 2017 8:27 am
Forum: Investing - Theory, News & General
Topic: Why is VXUS up and VTIAX down?
Replies: 11
Views: 2349

Re: Why is VXUS up and VTIAX down?

oslocal wrote:
Tue Sep 19, 2017 11:20 pm
livesoft wrote:
Tue Sep 19, 2017 10:04 pm
One had a distribution today and one didn't.
:oops:
Be prepared for same the VTSAX and VTI discussion today.
by fantasytensai
Mon Sep 18, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability insurance
Replies: 19
Views: 878

Re: Short term disability insurance

My very small company provides a group short-term disability policy for all employees at no cost. In your shoes, I probably would have turned the question back on them and said, "If you think it's so important, why don't you provide it to all employees at no cost as part of the employee benefit pac...
by fantasytensai
Mon Sep 18, 2017 2:21 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3380

Re: How much do you spend on "entertainment"?

I don't budget based on what I spend. I budget based on what I save.

So to answer your question, after I built up a healthy emergency fund, max out my tax deferred accounts, and save 50% of my remaining paycheck to my taxable account, pretty much everything else left over is my "entertainment fund".
by fantasytensai
Fri Sep 15, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Average American Net Worth is $534,600?
Replies: 15
Views: 2398

Re: Average American Net Worth is $534,600?

Interesting, obviously averages are heavily affected by outliers, but I didn't expect it by this much.
by fantasytensai
Fri Sep 15, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Average American Net Worth is $534,600?
Replies: 15
Views: 2398

Average American Net Worth is $534,600?

Here is a link to an article in Marketwatch discussing something about how Americans are not saving enough, blah blah blah. http://www.marketwatch.com/story/these-10-numbers-reveal-the-average-americans-financial-health-how-do-you-compare-2017-09-15 One thing that caught my eye was that the author c...
by fantasytensai
Fri Sep 15, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: How can I be more savy about taxes?
Replies: 15
Views: 1771

Re: How can I be more savy about taxes?

Read all the titles of the IRS publications first. Then select about 10 to 20 publications that you think apply to your situations and read them. Then read some more of the IRS publications. Here is where you can find the publications: https://www.irs.gov/publications/ Basically, you cannot be more...
by fantasytensai
Thu Sep 14, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: 3Q2017 Estimated taxes are due 15 Sep 2017
Replies: 14
Views: 825

Re: 3Q2017 Estimated taxes are due 15 Sep 2017

I paid my Q3 taxes today, but for Q2, I was a couple weeks late (paid July 5). The amount owed was $1600. What am I realistically looking at as far as penalty is concerned, like 20 bucks?
by fantasytensai
Tue Sep 12, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Another New Investor (Market Timing)
Replies: 36
Views: 2666

Re: Another New Investor (Market Timing)

But maybe gambling is exactly what OP's looking for (see username). Maybe so. It's generally considered appropriate to take more risk in the form of a higher allocation to stocks when you are young and then moving to a more conservative allocation when you are older. Isn't that what targeted retire...
by fantasytensai
Tue Sep 12, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Buying a car with a credit card
Replies: 8
Views: 1346

Re: Buying a car with a credit card

Aside from the general issues....45k for a Honda Odyssey?
by fantasytensai
Wed Aug 02, 2017 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Chase Private Client -- Worth it to hold Vanguard Funds?
Replies: 23
Views: 3887

Re: Chase Private Client -- Worth it to hold Vanguard Funds?

I just transferred $250K or more Vanguard funds to Chase. There was no catch. I've been with them for several months now. I'm guessing you can probably do it the other way around too (buy $250k of Vanguard MFs, even admiral shares, for $0 per trade). Did the cost basis transfer correctly? I never s...
by fantasytensai
Tue Aug 01, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Question about "Automated Third Party Payment"
Replies: 3
Views: 334

Re: Question about "Automated Third Party Payment"

With respect to sucky 401k plans, the general consensus is to suck it up for the tax benefits right?
by fantasytensai
Tue Aug 01, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Question about "Automated Third Party Payment"
Replies: 3
Views: 334

Question about "Automated Third Party Payment"

Hi everyone. I work for a small firm which uses Empower Retirement as their 401k manager. From what I have seen so far Empower is overpriced and underwhelming, charging more fees than they provide. My question is regarding their most recent fee. It's labeled as "Automated Third Party Payment" and "F...
by fantasytensai
Mon Jul 31, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6398

Re: Can I afford it ? [A new car]

Also, why is everyone jumping to Lexus? Lexus is not the best bang for your buck at 50-60k. At that price range, the Audi A6 and BMW 5 series are all better cars than the Lexus GS. But stating that the A6 and 5 Series "are better cars" at a price point is just as subjective as someone recommending ...
by fantasytensai
Mon Jul 31, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6398

Re: Can I afford it ? [A new car]

Can you afford it? Probably Should you buy it? Probably not Car Talk famously said that a Lexus is a Toyota with a $15k L on the front and back. I have driven both and no, it isn't. The only thing in common between these two brands is ownership. Everything else is lightyears apart. OP, I am going t...
by fantasytensai
Mon Jul 31, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6398

Re: Can I afford it ? [A new car]

Can you afford it? Probably Should you buy it? Probably not Car Talk famously said that a Lexus is a Toyota with a $15k L on the front and back. I have driven both and no, it isn't. The only thing in common between these two brands is ownership. Everything else is lightyears apart. OP, I am going t...
by fantasytensai
Fri Jul 28, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Is this advice as reprehensible as I think it is?
Replies: 32
Views: 5343

Re: Is this advice as reprehensible as I think it is?

New here. A friend is moving to a cheaper housing market and downsizing. He orginally planned to pay cash for his new home from the proceeds from the sale of current home. To me this is a very sound plan. He and his wife are in their early 70S and have approx $100 annual income from pensions/SS. Th...
by fantasytensai
Fri Jul 28, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: ESPP Specifics help
Replies: 16
Views: 634

Re: ESPP Specifics help

Based on the responses given by OP, this is one of the better ESPPs that I have seen. Definitely take advantage of it. The kicker being that he gets paid out every months so even the delay in profit is miniscule. Contribute the max and sell ASAP. Also, what company and are they hiring? If you don't ...
by fantasytensai
Fri Jul 28, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: ESPP Specifics help
Replies: 16
Views: 634

Re: ESPP Specifics help

15% is very generous for an ESPP. let's say you were able to buy 19k worth of stock a year, assuming that you sell immediately, you would make $2,850 minus taxes and fees. Not bad. A few things to look out for. 1. The purchase period is probably not monthly. I have seen annual, semiannual, and quart...