Search found 142 matches

by McGilicutty
Sat Feb 24, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3663

Re: How Do People Without Computer Access Prepare and File Their Taxes?

Our local Senior Center has a group of volunteers who helps people file their taxes. Each volunteer has a computer with a tax program on it and all you need to do is bring in your 1099s, W-2s, etc. There is no charge for this service and it is sponsored by the AARP, so there may be a service like th...
by McGilicutty
Tue Feb 06, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: Where Are The 100% Equity Bulls? BND up .44%
Replies: 47
Views: 5319

Re: Where Are The 100% Equity Bulls? BND up .44%

I'm about 97% equities with no bonds. The S&P 500 is still outperforming BND for the year, but that will probably change today.
by McGilicutty
Fri Jan 19, 2018 9:41 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads reconcile efficient markets theory with Bitcoin?
Replies: 45
Views: 2829

Re: How do Bogleheads reconcile efficient markets theory with Bitcoin?

Lots of people on this board seem to believe in a fairly strict version of EMH. How does Bitcoin fit into this view of the investing world? Is Bitcoin fairly valued by the market at every moment? Has Bitcoin been fairly valued over the last month or year? How do you reconcile these things? Isn't Bo...
by McGilicutty
Fri Jan 12, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 29439

Re: Hitting The Sell Button

In my mid-40s and still about 97% stock here (the rest in cash). Recently joined the two-comma club and am enjoying the ride.
by McGilicutty
Tue Jan 02, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: 2018 Hedge Fund contest
Replies: 160
Views: 16841

Re: 2018 Hedge Fund contest

Name: Dewey, Cheatham, and Howe Fund

Long:
Shopify (SHOP)
Roku (ROKU)

No shorts
by McGilicutty
Thu Dec 28, 2017 7:59 am
Forum: Investing - Theory, News & General
Topic: Is anyone putting money aside into Gold?
Replies: 148
Views: 16862

Re: Is anyone putting money aside into Gold?

Gold is pretty to look at and hold in one's hands. At least that's the only reason for owning gold concluded by all the gold bugs who participated in this very recent gold thread: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=233083 I think that is a slight oversimplification. Besides those ...
by McGilicutty
Wed Dec 27, 2017 10:47 pm
Forum: Investing - Theory, News & General
Topic: Interesting Bitcoin documentary on Amazon Prime
Replies: 8
Views: 1852

Re: Interesting Bitcoin documentary on Amazon Prime

This is the most enlightening article I've found on blockchain and bitcoin: https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 If you don't want to read the article, basically it says that after 10 years, nobody has come up with a use for blockchain oth...
by McGilicutty
Tue Dec 12, 2017 12:09 am
Forum: Personal Consumer Issues
Topic: Linux based laptop or just a Windows based laptop formatted?
Replies: 49
Views: 3936

Re: Linux based laptop or just a Windows based laptop formatted?

I bought a $300-or-so Windows 10, ASUS, Intel Pentium laptop from Wal-Mart and was able to configure it to dual-boot to Windows and Ubuntu Linux. I can't remember all the steps it took, but I do remember that I had to disable secure boot, burn Ubuntu onto a bootable USB stick, and then boot to the U...
by McGilicutty
Sun Oct 29, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Timing with Total Stock Market ETF
Replies: 21
Views: 2017

Re: Timing with Total Stock Market ETF

Finally, I never really get these strategies that people come up with then say, "I will only do this with 10% or 20% of my money." Well, if you think this might work so well, wouldn't you want to do it with 100% of your money? The answer is yes. So if you find yourself NOT doing this with 100% of y...
by McGilicutty
Sun Oct 29, 2017 4:26 am
Forum: Personal Finance (Not Investing)
Topic: Patient but not that lucky
Replies: 42
Views: 3785

Re: Patient but not that lucky

I have not had any of the AMZN/GOOG/PCLN/NFLX 10-15x type luck. Pretty much all the tech stocks I bought during and even after the tech bubble crashed and burned. I did think many times of buying one of these 10-15x ones, but could not muster the courage. I have done OK overall in my investments , ...
by McGilicutty
Sat Oct 28, 2017 6:58 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing is profitable?
Replies: 29
Views: 3648

Re: Rebalancing is profitable?

Rebalancing has not been profitable recently as the stock market has gone up too far too fast. I think last year the S&P 500 returned something like 15% and this year it has already returned over 16%. You will need a big drop in the stock market to make up for the profits lost by being in bonds duri...
by McGilicutty
Thu Oct 26, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: Career advice: Ok to work as a Commission-Based FA?
Replies: 18
Views: 1770

Re: Career advice: Ok to work as a Commission-Based FA?

I too have sometimes felt like punching people on facebook. If I were you, I'd use this guy to get your license and then go off on your own as a flat-fee CFP. I'm sure you could help a lot of people.
by McGilicutty
Thu Oct 26, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: My fear about buying a house justified?
Replies: 72
Views: 7340

Re: My fear about buying a house justified?

Your fear is definitely justified. It seems clear in this case that renting the 2 BR is the better way to go, but here is a good calculator that can show you how much better it is: https://www.nytimes.com/interactive/201 ... lator.html
by McGilicutty
Mon Oct 23, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 11065

Re: Is it ok to have 100% stocks, 15 years+

As an aside, and this could totally in my head, but I feel like during the last 2 years I have seen more and more people going very heavy in stocks. I can't help but think it is because people have forgotten 2009 or were not invested at that time. Also, I suppose anyone in their 20s has never exper...
by McGilicutty
Sun Oct 22, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 4057

Re: Portfolio Review Request - ReadyInvestor

ERs for tickers mentioned in OP's latest post obtained from Yahoo! Finance: ( SCHB ) Schwab US Broad Market ETF -- 0.03% ER ( SCHF ) Schwab International Equity ETF -- 0.08% ER ( SCHZ ) Schwab US Aggregate Bond ETF -- 0.05% ER ( SCHH ) Schwab US REIT ETF -- 0.07% ER ( SWTSX ) Schwab Total Stock Mar...
by McGilicutty
Sun Oct 22, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 4057

Re: Portfolio Review Request - ReadyInvestor

ERs for tickers mentioned in OP's latest post obtained from Yahoo! Finance: ( SCHB ) Schwab US Broad Market ETF -- 0.03% ER ( SCHF ) Schwab International Equity ETF -- 0.08% ER ( SCHZ ) Schwab US Aggregate Bond ETF -- 0.05% ER ( SCHH ) Schwab US REIT ETF -- 0.07% ER ( SWTSX ) Schwab Total Stock Mark...
by McGilicutty
Sun Oct 22, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for multiple sets of eyes to review
Replies: 51
Views: 5211

Re: Looking for multiple sets of eyes to review

ERs for tickers mentioned in original post obtained from Yahoo! Finance: ( FUSVX ) Fidelity 500 Index Premium -- 0.05% ER ( FHIGX ) Fidelity Municipal Income -- 0.46% ER ( FSSPX ) Fidelity Small Cap Index Investor -- 0.19% ER ( FSEVX ) Fidelity Extended Market Index Premium -- 0.07% ER ( FSITX ) Fid...
by McGilicutty
Sun Oct 22, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Help! - New Believer and overwhelmed
Replies: 20
Views: 2812

Re: Help! - New Believer and overwhelmed

Here are OP's fund names and ERs. All data was obtained programmatically via Yahoo! Finance using a program that I wrote. I take no responsibility for errors. :D ( VTI ) Vanguard Total Stock Market ETF -- 0.04% ER ( VOO ) Vanguard S&P 500 ETF -- 0.04% ER ( VBR ) Vanguard Small-Cap Value ETF -- 0.07%...
by McGilicutty
Sun Oct 22, 2017 10:38 am
Forum: Investing - Theory, News & General
Topic: 100% Stocks?
Replies: 7
Views: 1056

Re: 100% Stocks?

Dang, T.bonds were killing stocks from the late 1920's to about the mid 1940's. I wonder what investors were saying on message boards back then. The bond investors were probably making fun of the stock investors wondering how they could be so foolish.
by McGilicutty
Sun Oct 22, 2017 6:19 am
Forum: Investing - Help with Personal Investments
Topic: Annual Portfolio Review, and Questions
Replies: 7
Views: 1047

Re: Annual Portfolio Review, and Questions

In regards to item (3) above, it looks like Vanguard has a no-fee, no-commission Dividend Reinvestment Plan (DRIP): https://investor.vanguard.com/investing/brokerage-dividend-reinvestment So that will likely eliminate that issue. Further, in regards to item (1) (Premium to NAV) and item (4) (bid-ask...
by McGilicutty
Sun Oct 22, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Annual Portfolio Review, and Questions
Replies: 7
Views: 1047

Re: Annual Portfolio Review, and Questions

All of my Vanguard accounts are now brokerage accounts. I'm wondering if I should exchange VFSVX (Mutual Fund) for VSS (ETF), which has a much lower ER. Aside from not being able to purchase fractional shares, is there any real downside to converting? A few thoughts here: (1) According to Morningst...
by McGilicutty
Sat Oct 21, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36416

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by McGilicutty
Fri Oct 20, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 249
Views: 36416

Re: Does anyone here with net worths north of $1 mil use financial advisors?

What if he charges flat fee, comparable to AUM fees of 0.1% and prefers DFA funds Vanguard bond funds and bounce off things Totally new to AA That doesn't sound terrible. DFA funds have pretty much tracked their corresponding indices (See https://www.wsj.com/articles/dfa-funds-are-booming-but-that-...
by McGilicutty
Wed Oct 11, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: 100% invested, all in, no cash- how do you do it?
Replies: 42
Views: 4624

Re: 100% invested, all in, no cash- how do you do it?

I say that I'm 100% invested, but really I'm only 99% invested or so. I keep between $9,000 and $10,000 in a checking account. That's about three months living expenses.
by McGilicutty
Sun Oct 08, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 8524

Re: Has your "risk tolerance" been tested?

Can't say that I've really been tested. I was just starting out during the late 90's. If I recall correctly, I ran $1,000 up to about $10,000 in a year and then lost everything but my original $1,000 in 2000-2001. No big deal in the grand scheme of things really. After that, I didn't mess with stock...
by McGilicutty
Sun Oct 08, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 25
Views: 4228

Re: New Fiduciary Rule seems to be a big disappointment

So the Fiduciary Rule is just a way for Wall Street to justify their high fees (i.e., higher fees means they are looking out for investors)? Figures. Methinks that this is just the start of an assault on low-fee index funds.
by McGilicutty
Mon Oct 02, 2017 9:28 pm
Forum: Investing - Theory, News & General
Topic: The Future of Active vs Index Investing
Replies: 33
Views: 3274

Re: The Future of Active vs Index Investing

Don't index funds also have tax advantages over actively managed funds? I've never owned an actively managed fund, but my understanding is that they sometimes (most of the time?) have annual 'distributions' which are taxed even if you don't have any capital gains. With my index ETFs, I get quarterly...
by McGilicutty
Mon Oct 02, 2017 1:08 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11555

Re: Current Bull Market could last years

One of the things that concerns me is that investors seem to be turning more and more optimistic. As a stock investor, you want to see high levels of pessimism. This is counter-intuitive, but pretty much when everyone becomes optimistic, the market runs out of new buyers to propel the markets even ...
by McGilicutty
Mon Oct 02, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11555

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retu...
by McGilicutty
Mon Oct 02, 2017 9:04 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11555

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retu...
by McGilicutty
Mon Oct 02, 2017 1:50 am
Forum: Investing - Theory, News & General
Topic: Current Bull Market could last years
Replies: 89
Views: 11555

Re: Current Bull Market could last years

I'm pretty close to 100% stocks (with a little cash from dividends that I haven't reinvested yet). With the Federal Reserve ending QE and raising rates I think bonds are a bigger risk than stocks right now. The Vanguard Total Bond ETF (BND) has a negative return over the past year and has only retur...
by McGilicutty
Sat Sep 30, 2017 6:03 am
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 5692

Re: Which bogleheads have a "high need to take risk"?

The problem is that people who need to take a lot of risk can't afford to do so because if the risky behavior turns out against them, the worst case is disastrous. And the notion that "in the long run, stocks always go up" may sound good, but there are a few caveats, not least that the "long run" m...
by McGilicutty
Thu Sep 28, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 11061

Re: Where do you get your news?

Reddit

DrudgeReport

Paul Krugman twitter

NakedCapitalism.com

The Onion

CNBC

MSNBC
by McGilicutty
Thu Sep 28, 2017 8:45 pm
Forum: Investing - Theory, News & General
Topic: Which bogleheads have a "high need to take risk"?
Replies: 51
Views: 5692

Re: Which bogleheads have a "high need to take risk"?

I'm guessing that even when we get to retirement these guys will continue to take on way more risk than I feel they should, but since they have and continue to be rewarded for that risk, I have no argument to use against them. Essentially, I'm probably seen as some kind of gloom and doom crackpot. ...
by McGilicutty
Thu Sep 28, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 18218

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

I live below my means because I'm wired that way. I'm not sure if I was born that way or if I became that way. My parents fought a lot over money and that caused a lot of stress for me when I was growing up so that may be one of the reasons that I LBMM -- I never want to be in a position where I'm h...
by McGilicutty
Tue Sep 19, 2017 4:54 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 14810

Re: Any "average Joe" here actually make out well with individual stocks?

I've done well with individual stocks, but I started investing in tech stocks in December 2016 at near the start of what has been an incredible tech bull market. The QQQ (Nasdaq 100) is up around 24% since then. Here's the stocks I bought: Tesla at 200 (now at 375) Nvidia at 105 (now at 187) Shopify...
by McGilicutty
Mon Sep 18, 2017 7:28 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 4302

Re: Bitcoin Return and Investing Ideas

This is an interesting thread on Mt. Gox: https://news.ycombinator.com/item?id=15272152 The guy in the linked video says that for almost its entire existence Mt. Gox was insolvent. Who's to say if the shady exchanges that allow for trading of cryptocurrencies today are not themselves insolvent and t...
by McGilicutty
Mon Sep 18, 2017 6:56 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 4302

Re: Bitcoin Return and Investing Ideas

These are theoretical returns with no trading costs. There would probably be Bid/Ask spreads and commissions if someone actually traded bitcoin. Maybe it is as much as 3 or 4 per cent? I don't really know. I know there are transaction fees to the bitcoin miner, which depends on the size of the tran...
by McGilicutty
Sun Sep 17, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy
Replies: 51
Views: 5302

Re: Article--The reason Jack Bogle doesn’t fly first class says everything about his investing legacy

Unless you are really tall over 6'5 or big over 200 pounds, just doesn't make sense to pay the extra expense or points for first class. I don't know, I'm only 6'1 and those coach class seats are bumping up against my knees. If I can get an upgrade for $500 or less I usually take it. However, last t...
by McGilicutty
Fri Sep 15, 2017 5:15 pm
Forum: Investing - Theory, News & General
Topic: Investing in a Low-Return World: Howard Marks' 6 options
Replies: 44
Views: 4841

Re: Investing in a Low-Return World: Howard Marks' 6 options

People have been talking about the future bringing low returns for a while, but it doesn't seem to be happening. Last year the S&P 500 returned about 15% and this year so far the total return is a little over 13%. I'm staying the course with most of my money in either S&P 500 ETFs or a total stock m...
by McGilicutty
Tue Sep 05, 2017 3:51 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 387
Views: 46136

Re: Name something you had to have and now you regret purchasing it?

Chocolate chip cookies. Went grocery shopping hungry, saw the cookies, and had to have them. Now, half a package later, I'm all bloated and I think I've gained like 2 pounds. I'm going to have to run twice as far as I usually do to burn them off. Most of my regret purchases are food. I don't impulse...
by McGilicutty
Tue Sep 05, 2017 3:11 am
Forum: Personal Consumer Issues
Topic: Book Recommendations: Nutrition / Psychology
Replies: 28
Views: 3199

Re: Book Recommendations: Nutrition / Psychology

Not a book, but a chart of acid-causing and anti-acid (alkaline) foods given to me by a doctor: https://sites.google.com/site/healthguy99/home/foodchart I used to get severe acid reflux. Now, I try to eat as 'alkaline' of a diet as I can and I usually don't get acid reflux. However, when I eat too m...
by McGilicutty
Sat Sep 02, 2017 7:03 pm
Forum: Local Chapters and Bogleheads Community
Topic: Where is Livesoft? Was The Woodlands Flooded
Replies: 36
Views: 7193

Re: Where is Livesoft? Was The Woodlands Flooded

Interesting weather radar GIF that shows the path and intensity of Harvey:

https://gfycat.com/WanTepidEwe
by McGilicutty
Thu Aug 31, 2017 1:40 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey has me rethinking my approach to disaster preparations
Replies: 72
Views: 7939

Re: Hurricane Harvey has me rethinking my approach to disaster preparations

The problem with disaster prep is that pretty much everything expires. Gas loses its potency. The plastic holding bottled water breaks down and starts to leach chemicals into the water. Canned goods last at most a few years. Even MREs are designed to last only about 5 years. So if you were to go out...
by McGilicutty
Fri Aug 25, 2017 9:00 am
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 7537

Re: Active investing is a Ponzi scheme

95% of inflows are going to passive investments in some months? Wow! No wonder these active money managers are warning that the sky is falling. The sky is definitely falling, but it is going to land directly on active money managers' high fees.
by McGilicutty
Sun Aug 20, 2017 11:01 pm
Forum: Investing - Theory, News & General
Topic: too much money in indexes?
Replies: 19
Views: 4389

Re: too much money in indexes?

If everyone indexed there would be no active trading. No active trading means no price changes. No price changes mean your returns are dividend based only. While that's the extreme, it could end up muting returns. I don't think that is what would happen. There would still be money flowing in and ou...
by McGilicutty
Sat Aug 19, 2017 8:19 am
Forum: Investing - Theory, News & General
Topic: Boston Globe: Smart Investors May be Killing Capitalism
Replies: 44
Views: 5347

Re: Boston Globe: Smart Investors May be Killing Capitalism

Wall Street is feeling the heat from low-fee index investing so they are making up crap to try and get it regulated or banned. Anything Wall Street can do to make index investing more expensive or to at least scare investors out of it is a win for them. If you pay attention to earnings, you can see ...
by McGilicutty
Thu Aug 17, 2017 4:06 am
Forum: Investing - Help with Personal Investments
Topic: Holding VTSAX / S&P 500 fund exclusively
Replies: 11
Views: 1838

Re: Holding VTSAX / S&P 500 fund exclusively

I'm about 90% SPY/VOO/VTI and 10% individual stocks. I bought my first allotment of SPY in 2012 and have bought index ETFs regularly since then. I'm mostly retired now (do some software consulting on the side), but when I did work regularly, I bought index ETF allotments every couple of months or so...
by McGilicutty
Tue Aug 15, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 12070

Re: When does renting make sense

So, all those rent versus buy calculator does not make any sense when you are comparing Apple versus Orange. I disagree. The New York Times rent v. buy calculator is great even when comparing apples to oranges. For example, I live in a VLCOL area. I was surprised to discover that I could buy a SFH ...
by McGilicutty
Tue Aug 15, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 12070

Re: When does renting make sense

So, all those rent versus buy calculator does not make any sense when you are comparing Apple versus Orange. I disagree. The New York Times rent v. buy calculator is great even when comparing apples to oranges. For example, I live in a VLCOL area. I was surprised to discover that I could buy a SFH ...