Search found 381 matches

by John Laurens
Fri Sep 07, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7684

Re: Should I keep my financial advisor

:dollar Or he can pay thousands to Vanguard, hundreds of thousands to the IRS, and lose millions in foregone opportunity costs at future values, because he tried to DIY when he was clearly unqualified to do so. Can we assume that your standard contract with customers includes language promising to s...
by John Laurens
Thu Sep 06, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7684

Re: Should I keep my financial advisor

No offense, but spoken like a true financial advisor. He is a high earner and will end up paying millions of dollars to folks like you.... No offense taken. I am a true financial advisor. I certainly hope he finds someone like me, pays them millions of 1% AUM fees, and makes tens of millions of wha...
by John Laurens
Sat Sep 01, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule
Replies: 44
Views: 3923

Re: The twenty dollar rule

If my wife told me every time she spent 20 bucks, I would just have to wear a headset. I would be answering the phone nonstop.

Regards,
John
by John Laurens
Thu Aug 30, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need Term Life Insurance?
Replies: 17
Views: 1518

Re: Do I need Term Life Insurance?

If I were you...I would have a good LTD from a good independent agent. You really are plus/minus on whether you need LI. If it were me, I would get 1million 10 year term. It would give your wife some breathing room for a few years so she doesn’t have to make any rash decisions regarding your liquid ...
by John Laurens
Wed Aug 29, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: Chipotle question
Replies: 73
Views: 4520

Re: Chipotle question

I get the bowl. Extra bones.

Regards,
John
by John Laurens
Wed Aug 29, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Bone in my food
Replies: 107
Views: 4248

Re: Bone in my food

Five days? He’s lucky to be alive. He should be calling to thank them for their incredible preservative practices.

Also, what bar did u go to last night?

Regards,
John
by John Laurens
Wed Aug 29, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Bone in my food
Replies: 107
Views: 4248

Re: Bone in my food

of course I wasn't injured, but I would prefer not to eat bones. I don't eat any meat that is on the bone in general so maybe this bothers me more than others, I cant eat ribs or wings they gross me out.... Only meat I really it is chicken breast or ground beef... As flesh eaters this is the risk w...
by John Laurens
Wed Aug 29, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Buy what others are selling and Sell what others are buying?
Replies: 19
Views: 2316

Re: Buy what others are selling and Sell what others are buying?

Buys for me right now. US stocks, International Stocks, and US bonds. I believe prices will be higher 20-50 years from now when I need to sell some positions to meet living expenses.

Regards,
John
by John Laurens
Wed Aug 29, 2018 10:55 am
Forum: Investing - Theory, News & General
Topic: Diminishing Proportion of Returns with Stocks
Replies: 23
Views: 1474

Re: Diminishing Proportion of Returns with Stocks

Because your proportional increase in equity holdings are actually decreasing in your examples. Check your math.

Regards,
John
by John Laurens
Fri Aug 17, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: "Share Class Change to certain Fidelity Index funds"
Replies: 4
Views: 409

Re: "Share Class Change to certain Fidelity Index funds"

No they are not converting your mutual funds into the “ZERO” funds. They are just removing share classes of existing index funds that track third party indexes. They're not getting rid of third-party indexes yet either. They are merely consolidating most of their index funds down to a single share ...
by John Laurens
Fri Aug 17, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: "Share Class Change to certain Fidelity Index funds"
Replies: 4
Views: 409

Re: "Share Class Change to certain Fidelity Index funds"

No they are not converting your mutual funds into the “ZERO” funds. They are just removing share classes of existing index funds that track third party indexes.

Regards,
John
by John Laurens
Fri Aug 17, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Advisor Dumped, Now How to Best Simplify
Replies: 20
Views: 2588

Re: Advisor Dumped, Now How to Best Simplify

Sell everything with a loss. Donate all gains to a DAF. Start Fresh.

Regards,
John
by John Laurens
Thu Aug 16, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 851

Re: Tax loss harvesting international funds at Fidelity

For IXUS at Fidelity I would use either VEU and pay the commission or IEFA/IEMG at 75/25.

Regards,
John
by John Laurens
Thu Aug 16, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13724

Re: Teachers Who Have Net Worth of $1 million +

golfCaddy wrote:
Thu Aug 16, 2018 8:14 pm
For this to be meaningful, you would need to know if they got an inheritance and how much and household income, if married.
Exactly. My wife has taught 1 year (has been a sahm for 16). She’s a multi millionaire.

Regards,
John
by John Laurens
Thu Aug 16, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Help with inheritance choice
Replies: 38
Views: 3533

Re: Help with inheritance choice

I believe the question being posed is to to determine the rightful heir. If you get the answer correct, I believe you will receive both of the 1 million accounts. Choose wisely. Take the 1 million taxable account. Then invest the proceeds tax efficiently.

Regards,
John
by John Laurens
Wed Aug 15, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: For i401k, Vanguard does not allow investment into Admiral Shares
Replies: 32
Views: 2038

Re: For i401k, Vanguard does not allow investment into Admiral Shares

My initial response was to the OP. That is why I included his or her post in my post. I pointed out that “still the lowest fees” was incorrect using a movie quote from The Princess Bride. I never directed anything towards you initially.

Regards,
John
by John Laurens
Wed Aug 15, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: For i401k, Vanguard does not allow investment into Admiral Shares
Replies: 32
Views: 2038

Re: For i401k, Vanguard does not allow investment into Admiral Shares

You could arguably claim that VTSAX has a tiny advantage over the equivalent Fidelity funds. However, not even remotely the lowest fees in a one-participant 401k. You are effectively paying almost a 0.10% more ER. Huh? Thought the topic was vanguard i401k? For all intents and purposes VTSAX doesn’t...
by John Laurens
Wed Aug 15, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Just left Edelman Financial and need help
Replies: 7
Views: 1159

Re: Just left Edelman Financial and need help

First congratulations on how well you are doing. I find it odd that “financial experts” would hold LQD, VNQ, etc in a taxable account. Anything that has capital losses in the taxable account you can sell right away. Don’t add anything to your current holdings and turn off any dividend reinvestment. ...
by John Laurens
Wed Aug 15, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: For i401k, Vanguard does not allow investment into Admiral Shares
Replies: 32
Views: 2038

Re: For i401k, Vanguard does not allow investment into Admiral Shares

I just got off the phone with a Vanguard advisor who walked me through thr process of setting up my Individual 401k for my LLC. She mentioned that the i401k is only allowed to invest in Investor Shares, not Admiral Shares. Still the lowest fees but surprised by this policy. I don’t think “still the...
by John Laurens
Wed Aug 15, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: For i401k, Vanguard does not allow investment into Admiral Shares
Replies: 32
Views: 2038

Re: For i401k, Vanguard does not allow investment into Admiral Shares

I just got off the phone with a Vanguard advisor who walked me through thr process of setting up my Individual 401k for my LLC. She mentioned that the i401k is only allowed to invest in Investor Shares, not Admiral Shares. Still the lowest fees but surprised by this policy. I don’t think “still the...
by John Laurens
Sun Aug 12, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Best HSA for "dormancy" account
Replies: 6
Views: 546

Re: Best HSA for "dormancy" account

I would look at total costs for your “dormancy” HSA. At Lively, you will be charged $2.50 per month. Just have them zap your regular checking. Then invest 100% in a low cost etf with DRIP turned on at your Lively linked TDA brokerage account.

Regards,
John
by John Laurens
Sun Aug 12, 2018 1:55 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced Rum?
Replies: 48
Views: 4399

Re: What is your favorite reasonably priced Rum?

Spanish Style: Cana Brava

Jamaican Pot Still...Appleton 12 year or Hamilton Black

English Style...Eldorado 12 year

Regards,
John
by John Laurens
Sat Aug 11, 2018 8:58 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21663

Re: "Don't Obsess About Expense Ratios"

There is a substantial amount of assets in VTSMX. Those people are paying excessively for it, and they can pay much lower elsewhere. The ER for Investor shares is not excessive , it is very reasonable. Paying $14 or less per year is very reasonable for the web site access, basis tracking, tax forms...
by John Laurens
Sat Aug 11, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Which is better? [Vanguard Total Stock Market (VTI) or Total World (VT)?]
Replies: 29
Views: 2553

Re: Which is better?

abuss368 wrote:
Sat Aug 11, 2018 7:54 pm
What are the fund names for these ticker symbols?
VTI is a Vanguard US Total Stock Index exchange traded fund.

VT is Vanguard Total World Index exchange traded fund.

In your “signature”, what does REIT stand for?

Regards,
John
by John Laurens
Sat Aug 11, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21663

Re: "Don't Obsess About Expense Ratios"

I am unsure why Fidelity just did not cut the expense ratio's to their existing index funds. Now anyone with capital gains may not be able to invest in the new offerings. They did cut the expense ratios of their existing index funds...across the board over all indexes. Those existing funds track th...
by John Laurens
Fri Aug 10, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10700

Re: The Bigger Story: Fidelity Expense Ratios

I hope this move by Fidelity will actually allow me to move to Vanguard. If Vanguard responds by dropping share classes, I could move my solo 401k to Vanguard. As it stands now, Vanguard’s total US stock index within the i401k is nearly 10 times the cost of Fidelity’s. 14bp vs 1.5. Vanguard is certa...
by John Laurens
Thu Aug 09, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9505

Re: Biggest Threats to Financial Well-Being

2 things..

The most famous of which...getting involved in a land war in asia. And the second, slightly lesser known...well you can probably guess.

Regards,
John
by John Laurens
Thu Aug 09, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9505

Re: Biggest Threats to Financial Well-Being

Edward Jones, Boats, Cocaine, Strippers...in that order


Regards,
John
by John Laurens
Wed Aug 08, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4753

Re: If it were March, 2000, would you still allocate 50% to Stocks?

For instance, if you had invested $1 in the equivalent of the SP500 in August 1929, (after adjusting for inflation and reinvested dividends), the purchasing power of your investment almost 20 years later in May 1949 would still only be ~$1. That's ZERO real growth in almost 20 years. The haystack d...
by John Laurens
Wed Aug 08, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4753

Re: If it were March, 2000, would you still allocate 50% to Stocks?

If I could go back in time to march 2000, not only would I be 100% stocks, I would leverage myself to the hilt and buy even more. Hope that helps.

Also if I could go back in time, we would’ve took State if coach put me in.

Regards,
John
by John Laurens
Tue Aug 07, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: So close to very low ER's
Replies: 8
Views: 810

Re: So close to very low ER's

Just my 401k bond fund holding me back: http://www.savingadvice.com/forums/picture.php?albumid=188&pictureid=424 Wish I could get that ER down and then I would be somebody. Pickins are slim, but I think I have the best balance between ER, tax efficiency and fund choice. Any advice? 401k bond fund c...
by John Laurens
Tue Aug 07, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73761

Re: "What Fidelity's No-Cost Index Funds Mean for Investors"

What I hope it means for Vanguard...I hope they will respond by removing share classes. I have an account at Fidelity that has more than a million in it. I would love to move it to Vanguard but can’t stomach paying 14 basis points just for a total US index fund (VTSMX). Regards, John What kind of a...
by John Laurens
Tue Aug 07, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73761

Re: "What Fidelity's No-Cost Index Funds Mean for Investors"

What I hope it means for Vanguard...I hope they will respond by removing share classes. I have an account at Fidelity that has more than a million in it. I would love to move it to Vanguard but can’t stomach paying 14 basis points just for a total US index fund (VTSMX).

Regards,
John
by John Laurens
Sat Aug 04, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: if you had 10K for a taxable/individual account
Replies: 6
Views: 898

Re: if you had 10K for a taxable/individual account

(VT) Vanguard Total World. It is the most diversified 100% stock index fund on the planet. You have not given any information whether this is an appropriate investment for you though.

Regards,
John
by John Laurens
Fri Mar 23, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: How can I start investing when equities and real estate are this much high?
Replies: 65
Views: 9013

Re: How can I start investing when equities and real estate are this much high?

Op, you were either wrong in 2014 or wrong now (or both). Isn’t it exhausting trying to be right? Why not try allowing empirical academic research guide your decisions instead of your emotions. Regards, John Hi, John, I understand your point. While I'm trying to find a better way to invest, my wife...
by John Laurens
Fri Mar 23, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: How can I start investing when equities and real estate are this much high?
Replies: 65
Views: 9013

Re: How can I start investing when equities and real estate are this much high?

Op, you were either wrong in 2014 or wrong now (or both). Isn’t it exhausting trying to be right? Why not try allowing empirical academic research guide your decisions instead of your emotions.

Regards,
John
by John Laurens
Wed Feb 28, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: dumb question re: wash sale and TLH
Replies: 8
Views: 596

Re: dumb question re: wash sale and TLH

You can TLH anything you want as long as you do not purchase any substantially identical shares for 30 days.

Regards,
John
by John Laurens
Sat Feb 24, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 6670

Re: # X Gross = Home price?

I would buy a house that is 5.5 times the gross salary of someone who makes half my salary.

Regards,
John
by John Laurens
Sat Feb 24, 2018 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Move out of bond fund or not?
Replies: 14
Views: 1426

Re: Move out of bond fund or not?

I’m making assumptions here. I assume this is a taxable account and you have no more room in your tax deferred accounts for taxable bonds to meet your desired AA? I would TLH your total bond fund and run a calculation to see if you would be better off with municipal bonds or taxable bonds going forw...
by John Laurens
Fri Feb 23, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 3880

Re: Financial proposal from Adviser

If I could get a guaranteed quadrupling of my principle in 2038 I would jump on it. Of course he won’t guarantee anything. Which begs the question, why stop at quadrupling? Could of at least offered you a couple thousand percent. Weak salesman.

Regards,
John
by John Laurens
Fri Feb 23, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: "Bogleheads.org" by Kristine Hayes"
Replies: 60
Views: 9636

Re: "Bogleheads.org" by Kristine Hayes"

Acronyms are fine. Any community has a peculiar language. To a person just learning personal finance and investing basics, is there really a difference between real estate investment trust and REIT? Both are foreign terms.

Regards,
John
by John Laurens
Tue Feb 20, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: I reduced my exposure to US stocks before the correction.
Replies: 39
Views: 4719

Re: I reduced my exposure to US stocks before the correction.

Op,

You are a market timer. Why haven’t you successfully market timed your bonds? If you are going to market time your equities, you might as well market time your fixed income.

Regards,
John
by John Laurens
Mon Feb 19, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account advice
Replies: 3
Views: 593

Re: Taxable account advice

Sounds like you are doing well. I would be concerned about wash sales with VTI in both your personally managed and betterment account. I think over time, you would be better served with everything in one taxable account. TLH is not difficult to perform yourself. If simplicity is your ultimate goal, ...
by John Laurens
Fri Feb 09, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: I didn't tax-loss harvest this month, did you?
Replies: 103
Views: 8041

Re: I didn't tax-loss harvest this month, did you?

I TLH bonds for both my MIL and mother. TLH total Stock and total international for my mother. TLH total stock and international for my own accounts.

Regards,
John
by John Laurens
Thu Feb 08, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvest Total Bond Market Fund (VBTLX)
Replies: 8
Views: 1605

Re: Tax Loss Harvest Total Bond Market Fund (VBTLX)

You should definitely TLH now. If your replacement fund drops, then TLH it, too. Substitute fund? That depends on what else is going on in your portfolio. Normally, one would not have VBTLX in a taxable account and certainly not the amount that you have to create a $5,000 loss. So I don't think you...
by John Laurens
Thu Feb 08, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Stay at American Funds or move to Vanguard?
Replies: 14
Views: 1752

Re: Stay at American Funds or move to Vanguard?

I would choose option C as well. Leaving the current value but redirecting all new purchases to Vanguard will serve 2 purposes. One, from a gratitude perspective it will allow you to not be an ungrateful know it all. Two, with all future contributions being directed to low fee index funds at Vanguar...
by John Laurens
Sat Feb 03, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 50
Views: 5259

Re: Can I afford this house?

I would stay where you are at least until you and your next baby are healthy. Not unusual for a mother to have health problems in pregnancy or post partum that would require you not working for an extended period of time. Your unborn baby could be born with a health problem that would necessitate on...
by John Laurens
Fri Feb 02, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage and other cash plays
Replies: 15
Views: 1527

Re: Pay off mortgage and other cash plays

Your net worth is 3+ million. Silly to have a mortgage and car loan. Pay them off. Being completely debt free will increase the success of his business.

Regards,
John
by John Laurens
Fri Feb 02, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Beating the 55k IRS limit?
Replies: 23
Views: 2670

Re: Beating the 55k IRS limit?

Veaselhaufen wrote:
Thu Feb 01, 2018 6:46 pm
Anyone know if both my wife and I are able to max out our 403b and 457 accounts at separate jobs ((18.5 + 18.5) x 2 = 72k) if we we file jointly?

Thank you and I love you all!
That’s not beating it. The limit is 55k per person. 110k MFJ.

Regards,
John
by John Laurens
Fri Feb 02, 2018 7:33 am
Forum: Forum Issues and Administration
Topic: Fewer acronyms please
Replies: 119
Views: 11314

Re: Fewer acronyms please

Shouldn’t we want certain abbreviations to be so common that they overtake the long hand themselves? In so much as, LASER and SCUBA are the understood acronym, I hope VTI, VXUS, and BND become the same.

Regards,
John