Search found 3849 matches

by aristotelian
Fri Apr 20, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Financial "coaching"/consulting certifications?
Replies: 7
Views: 592

Re: Financial "coaching"/consulting certifications?

AMG79 wrote:
Fri Apr 20, 2018 6:20 am
aristotelian wrote:
Fri Apr 20, 2018 6:15 am
I think the main reason to call yourself a coach is to avoid having to get a certification.
That may be true for some people but I am actually seeking out a reputable certification, if not more than one certification.
In that case you probably want at least RIA, if not CFP.
by aristotelian
Fri Apr 20, 2018 6:15 am
Forum: Investing - Theory, News & General
Topic: Financial "coaching"/consulting certifications?
Replies: 7
Views: 592

Re: Financial "coaching"/consulting certifications?

I think the main reason to call yourself a coach is to avoid having to get a certification.
by aristotelian
Fri Apr 20, 2018 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 1
Views: 140

Re: Wills

jetsmell wrote:
Fri Apr 20, 2018 5:53 am
What does the following mean; " Application to Extend Administration and Entry Approving Filed " It pertains to a will.
Every document you file will have an application when you request it and then an entry when it is approved by the judge. Sounds like someone asked to extend a deadline?
by aristotelian
Thu Apr 19, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?
Replies: 30
Views: 1789

Re: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?

Any thoughts on which one to pick if adding to a three fund portfolio? Buy both now before they close. Don't tell Taylor :wink: The only have 100 or so stocks each, so diversification might not be a bad idea. POAGX is more of a mid cap-growth fund while POSKX is large value, so you could also choos...
by aristotelian
Thu Apr 19, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 42
Views: 2651

Re: Good Dad, Bad Dad

You could sell him your oldest car at whatever its trade-in value would be. Then buy yourself a new car. He gets a car and independence but with some skin in the game. You get a new car. Win/win.
by aristotelian
Thu Apr 19, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI mistake with Roth contributions
Replies: 2
Views: 294

Re: MAGI mistake with Roth contributions

I had this happen (except for the recharacterization part) due some realized capital gains putting us over the Roth limit. I left the contributions in the account and plan to undercontribute this year by the amount of the overcontribution last year. No messing around with withdrawals, just pay the o...
by aristotelian
Thu Apr 19, 2018 1:43 pm
Forum: Investing - Theory, News & General
Topic: The World in 2050 — An Emergent Middle Class
Replies: 33
Views: 3315

Re: The World in 2050 — An Emergent Middle Class

One downside is that an emerging global middle class will demand middle class energy consumption. What is good for the global economy is generally bad for the environment and energy use. If all we can say is, "Do as we say, not as we do," that's not going to cut it.
by aristotelian
Thu Apr 19, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Lack of FDIC Insurance a big deal?
Replies: 39
Views: 2838

Re: Lack of FDIC Insurance a big deal?

I recently moved my emergency funds to Vanguard Prime MM, mostly to avoid the inconvenience of a separate savings account. I am gainfully employed so I do not have a huge emergency fund. For me, a couple months expenses is enough to keep in cash and I do not worry too much about "breaking the buck" ...
by aristotelian
Thu Apr 19, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?
Replies: 30
Views: 1789

Re: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?

I think that concentration is largely because of how much NKTR has gone up recently. The holding was closer to 4% before (if I’m remembering right), and the managers have recently sold part of the NKTR position (rebalancing!). That's what I suspected. Do you have a link by any chance stating their ...
by aristotelian
Wed Apr 18, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?
Replies: 30
Views: 1789

Re: Should I be investing in PRIMECAP Odyssey Aggressive Growth Fund?

My employer plan recently added POAGX and I put some play money in there as the index funds in my plan actually have just as high expense ratios. I worry that it is concentrated in its top holding, Nektar Therapeutic (8%), but certainly can't complain. I think it is up about 10% this year while the ...
by aristotelian
Wed Apr 18, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Fixed/Guaranteed Income
Replies: 16
Views: 1459

Re: Bonds vs. Fixed/Guaranteed Income

Just a data point, almost all my fixed income portion are in TIAA Traditional, a stable value fund. +1, about half of my fixed income allocation is in TIAA Traditional, but note that it yields about 4%. If it was only 2.5%, I would probably stick with bonds. One point of comparison is EE savings bo...
by aristotelian
Wed Apr 18, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Your Money Or Your Life
Replies: 49
Views: 6358

Re: Your Money Or Your Life

Thanks, you have just proved my point that the people criticizing it haven't read it or else don't understand it. Read the definition and discussion of "frugal" in the book being discussed instead of relying on your preconceptions or your misinterpretation of the dictionary definition. You don’t ge...
by aristotelian
Wed Apr 18, 2018 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Broke up with my girlfriend for financial reasons: crazy?
Replies: 53
Views: 2967

Re: Broke up with my girlfriend for financial reasons: crazy?

Sounds like a larger incompatibility in values, lifestyle, and priorities, not just money. I think it is best to let this one go.
by aristotelian
Wed Apr 18, 2018 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Bonds vs. Fixed/Guaranteed Income
Replies: 16
Views: 1459

Re: Bonds vs. Fixed/Guaranteed Income

Just a data point, almost all my fixed income portion are in TIAA Traditional, a stable value fund. +1, about half of my fixed income allocation is in TIAA Traditional, but note that it yields about 4%. If it was only 2.5%, I would probably stick with bonds. One point of comparison is EE savings bo...
by aristotelian
Wed Apr 18, 2018 8:28 am
Forum: Investing - Help with Personal Investments
Topic: TLH question
Replies: 3
Views: 275

Re: TLH question

Two weeks ago I sold 10,000 shares of fund A and bought fund B Can I use new money to buy more shares of fund B without waiting 31 days or would this be a wash sale? You are claiming a loss on the sale of fund A? Yes, you can absolutely buy more of B. You would have to wait 30 days to buy more of A.
by aristotelian
Tue Apr 17, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: Wellesley January Price Drop? Why?
Replies: 25
Views: 2439

Re: Wellesley January Price Drop? Why?

Both stocks and bonds dropped in January due to new that interest rates might rise faster than expected to reduce inflation. Wellesley is made up of stocks and bonds.
by aristotelian
Tue Apr 17, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 4992

Re: I want to pay off my mortgage. Am I crazy?

Sure. Market is barely off highs. Probably not a great time to leverage debt to invest. Get rid the negative bond, free up cash flow.

How much do you have to pay off and how much liquid do you have in taxable account?
by aristotelian
Tue Apr 17, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: "Safe" funds for a life insurance proceeds
Replies: 15
Views: 884

Re: "Safe" funds for a life insurance proceeds

I WOULDN’T “lock up” funds for 5-10 years.... that’s NOT the job of the guardian... (and could even be viewed as mismanagement) Better to go CD/savings account until age of maturity while at the same time giving guidance to them so that WHEN they receive the funds they will have better direction. “...
by aristotelian
Tue Apr 17, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3055

Re: Account for Adult Children Allowing Parent Some Control

I don't think so, unless you are in a state with a high UTMA maturity age. Most of them expire at 18 or 21. The other option would be a trust fund but it doesn't sound like we are talking about an amount of money that would make that necessary. A joint account would let you see the statements and sp...
by aristotelian
Tue Apr 17, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: "Safe" funds for a life insurance proceeds
Replies: 15
Views: 884

Re: "Safe" funds for a life insurance proceeds

Thanks all for the response. The interest rate at the insurance company is about 0.5%. I will most likely go with the Vanguard money market fund or a CD fund. The attorney suggested same. Yes, she is supposed to have the ownership of the money next year. Her college fund is already set aside so I e...
by aristotelian
Tue Apr 17, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Roth excess contribution -- which fund to withdraw from?
Replies: 3
Views: 165

Re: Roth excess contribution -- which fund to withdraw from?

Simplest option is to apply the contribution to next year. Do nothing and pay 6% excise tax. What did you do on your 5329? not an option. my 2018 AGI will prohibit me from making Roth contributions. I see. In that case, in a Roth account it does not matter where the money comes from. All that matte...
by aristotelian
Tue Apr 17, 2018 7:36 am
Forum: Investing - Help with Personal Investments
Topic: Roth excess contribution -- which fund to withdraw from?
Replies: 3
Views: 165

Re: Roth excess contribution -- which fund to withdraw from?

Simplest option is to apply the contribution to next year. Do nothing and pay 6% excise tax. What did you do on your 5329?
by aristotelian
Tue Apr 17, 2018 6:14 am
Forum: Investing - Help with Personal Investments
Topic: S&P 500 Total Return ETF ?
Replies: 11
Views: 993

Re: S&P 500 Total Return ETF ?

Unfortunately there are no zero dividend ETFs. If you are determined to avoid dividends, you could put together your own portfolio around BRKB, GOOG, AMZN etc.
by aristotelian
Mon Apr 16, 2018 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why does my 401k only offer VTSMX instead of VTSAX?
Replies: 4
Views: 767

Re: Why does my 401k only offer VTSMX instead of VTSAX?

Your 401k custodian probably does not offer the best share classes to an employer your size. You are lucky, my cheapest equity index fund has an expense ratio of 0.6% and the only Vanguard funds are Wellesley, Emerging Markets, and Inflation Protected Bond. Yes, Large Cap plus Small Cap would be a r...
by aristotelian
Mon Apr 16, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Cash instead of bonds?
Replies: 56
Views: 5230

Re: Cash instead of bonds?

I think you are giving up too much return. This would be fine if you were 90/10 but otherwise that is a large portion of your portfolio losing to inflation. I like the simplicity but if you were in the typical 40/60 to 60/40 range, that is a lot of your portfolio with zero real return. You might con...
by aristotelian
Mon Apr 16, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: Class Action suit against DDD?
Replies: 13
Views: 1960

Re: Class Action suit against DDD?

I got something like this when DELL got busted for cooking their books. I filled it out but never heard back from the lawyers.
by aristotelian
Mon Apr 16, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: Meb Faber/Cambria/Trinity Funds
Replies: 44
Views: 2834

Re: Meb Faber/Cambria/Trinity Funds

+1, I enjoy the podcast but do not invest in Cambria funds. He gets interesting people with a variety of perspectives, not just his own. He is open about trend following's underperformance although he attributes this to the natural tendency to lag bull markets, while expecting that he will outperfor...
by aristotelian
Mon Apr 16, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 125
Views: 10299

Re: Can I retire at age 40?

No. You are in the ballpark but not there yet. If you cut your expenses to $80K, I would say yes.
by aristotelian
Mon Apr 16, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: "Safe" funds for a life insurance proceeds
Replies: 15
Views: 884

Re: "Safe" funds for a life insurance proceeds

Interesting situation. Have you consulted an attorney? What does he say? A couple of CD's would be a fine choice. If the court allows it, you might want to create a ladder with a larger portion of the funds "locked up" in 5 or 10 year CD's, with just enough in short term CD's to pay for college. Doe...
by aristotelian
Mon Apr 16, 2018 8:07 am
Forum: Investing - Theory, News & General
Topic: Unimpressive category averages of managed futures, multialternative, market neutral, etc.
Replies: 82
Views: 4936

Re: Unimpressive category averages of managed futures, multialternative, market neutral, etc.

Appreciate these charts, as always. I would like to see the results after the next bear market. It's not surprising the hedging strategies have underperformed since the event they were designed to hedge against hasn't happened. I suppose the level of underperformance is what is most remarkable here....
by aristotelian
Sun Apr 15, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Roth overcontribution
Replies: 6
Views: 348

Re: Roth overcontribution

It's not an early withdrawal, it's a withdrawal of an excess contribution. I don't think you owe the 10%. If you corrected all your overcontributions and then withdrew your legitimate contributions, you would then owe the 10% penalty, but that is not the case here. Did you also withdraw the gains (i...
by aristotelian
Sun Apr 15, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Lot ID Method?
Replies: 9
Views: 422

Re: Tax Lot ID Method?

If you are committed to selling the entire position, it doesn't really matter what method you use. Eventually you will realize the entire gain. Generally with shares that have been held a long time, FIFO would give you the highest tax hit. I have some old mutual funds without complete info, so avera...
by aristotelian
Sun Apr 15, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Use 25k From Brokerage Account For Investment Property?
Replies: 27
Views: 1786

Re: Use 25k From Brokerage Account For Investment Property?

Who would ever rent a house for $2k/mo when they could buy one for $700/mo?
by aristotelian
Sun Apr 15, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at the end of 2018 at age 59?
Replies: 31
Views: 5403

Re: Can I retire at the end of 2018 at age 59?

I agree. This retirement plan doesn't look viable to me. There simply isn't enough savings to support a $120K/year spending habit no matter what you do with SS. Pension $58K + 4% SWR on one million i.e. $40K leaves you $22K/year short. It will not help to sell your house and rent, as you'll end up ...
by aristotelian
Sun Apr 15, 2018 10:04 am
Forum: Investing - Help with Personal Investments
Topic: "guaranteed" 6% return vs index fund investing
Replies: 30
Views: 2742

Re: "guaranteed" 6% return vs index fund investing

The quotation marks around "guaranteed" are key. There is a non-zero chance of the business failing.

What is the term of the loan? Why do they need the money?

I would probably avoid mixing business and family regardless of perceived credit risk.
by aristotelian
Sun Apr 15, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at the end of 2018 at age 59?
Replies: 31
Views: 5403

Re: Can I retire at the end of 2018 at age 59?

I don't know why frontloading SS would "enable more travel". The most efficient option is generally to delay SS, then withdraw/convert from your 401k at a lower tax rate. Your pension complicates keeping your tax rate low in retirement, but if you want to travel more you can simply withdraw more fro...
by aristotelian
Sat Apr 14, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9687

Re: Trinity Study updated to 2018

It's reckless if you use it for anything other than a reasonable starting point. 4% the first year? Sure no problem. 4% of the original balance, then adjust for inflation for subsequent years, but never looking at your changing balance again and hope it doesn't runs out?; You have no business manag...
by aristotelian
Sat Apr 14, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6689

Re: Why traditional IRA better than Roth IRA

It is true that those who may have an extended early/pre social security retirement would benefit from accumulating a large traditonal balance. However not everybody fits that criteria. Some people may have greater age difference between spouses. Some may need to work longer. Some may choose to wor...
by aristotelian
Sat Apr 14, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 113
Views: 9687

Re: Trinity Study updated to 2018

A disservice is done every time the Trinity study is equated to a retirement income withdrawal strategy. As the latter, it would have to be the worst method. The thought of setting a withdrawal rate, then never looking again at actual outcome, portfolio balance, inflation, etc. is reckless. Statist...
by aristotelian
Sat Apr 14, 2018 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6689

Re: Why traditional IRA better than Roth IRA

I think my original statement that you need a 5%+ drop in your marginal tax rate for Traditional to be a better IRA choice stands. I’m not sure about for most Bogleheads, because a lot of people on here are above the 24% bracket, but for the average American, and certainly someone asking a question...
by aristotelian
Fri Apr 13, 2018 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6689

Re: Why traditional IRA better than Roth IRA

In general, the Roth beats the tIRA for almost all taxpayers in the new 24% and under brackets (under $315k a year aAGI, or about 98% of Americans). Doing the math over 10, 20, or 30 years, Roth wins. A pretty simple way to calculate whether the Roth would be a better deal or not is to run the $11k...
by aristotelian
Fri Apr 13, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 112
Views: 10946

Re: Divs and Cap Gains are killing me

Wonder if selling the funds, and buying their ETF twins (if they have one) would reduce/eliminate the CG in my taxable portfolio -- Schwab stocks - CG $46,000 (from selling) and Divs $49,000 Vanguard LT Corp ---- $100k ------------- CG $180 - Div $1,200 - Turnover 24% Vanguard Wellesley ---- $100k ...
by aristotelian
Fri Apr 13, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help with TLH - DCA or Lump Sum
Replies: 3
Views: 134

Re: Help with TLH - DCA or Lump Sum

Once the market drops and you harvest, all the shares you repurchase will now have the same basis. Any benefit to DCA will be negligible and temporary. Also, do not let tail wag the dog. The "benefit" of DCA to create losses hinges on the assumption that the market is generally going up. If that is ...
by aristotelian
Fri Apr 13, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Which would you choose if you were me ?
Replies: 29
Views: 2949

Re: Which would you choose if you were me ?

I would not put my life savings in junk bonds, I know that much.
by aristotelian
Fri Apr 13, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Is Today a good day for TLH?
Replies: 15
Views: 1110

Re: Is Today a good day for TLH?

Any day is a good day. The idea is that you are not actually changing your investment, you are just harvesting the loss and reducing your cost basis. As long as you have losses to harvest, any day is a good day.
by aristotelian
Fri Apr 13, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Buy I-Bonds before May 1 or After?
Replies: 16
Views: 1749

Re: Buy I-Bonds before May 1 or After?

Buy it now and lock in the 2.48%, why wait until May and get the measly 2.2% ? :happy What if they raise the fixed rate? I'm still trying to figure this out. Is 2.2% the projected composite interest rate for an I-Bond with a .1% fixed rate for those six months? If so, waiting is betting that they r...
by aristotelian
Fri Apr 13, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 6689

Re: Why traditional IRA better than Roth IRA

JBTX wrote:
Fri Apr 13, 2018 10:14 am

Maybe but effective rate is irrelevant.
Yes and no. What is relevant is the effective rate on the IRA distribution. That is different from both the overall effective rate and the marginal rate.
by aristotelian
Fri Apr 13, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Where to hold funds for future Roth contribution?
Replies: 18
Views: 927

Re: Where to hold funds for future Roth contribution?

Or when you get paid send a portion of your paycheck to the roth account. Kind of like DCA into your roth but from your paychecks. Setup an automatic investment on the Vanguard site. Just like 401k contributions from your paycheck but it will ACH form your checking. I think he is already maxed for ...
by aristotelian
Fri Apr 13, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Financing Grad School + Debt Question
Replies: 19
Views: 776

Re: Financing Grad School + Debt Question

What is the problem with putting it on the credit card and then getting it reimbursed? Alternatively, does she have an emergency fund she can use to pay cash until the reimbursement arrives? Is her $10K debt on credit cards charging interest? $2K or so shouldn't be a big deal to someone who is makin...