Search found 38 matches

by matthewbarnhart
Fri Feb 21, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: How do you objectively set Stock vs Bond Allocation
Replies: 77
Views: 4873

Re: How do you objectively set Stock vs Bond Allocation

1) Take your current AA and look at your percentage of equity investments, 2) divide that number by 2, 3) ask yourself if your portfolio went down by that much would you panic, 4) repeat until you are ok with number 3! Yes, this is the traditional way of evaluating risk tolerance and I find it tota...
by matthewbarnhart
Fri Feb 21, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: How do you objectively set Stock vs Bond Allocation
Replies: 77
Views: 4873

Re: How do you objectively set Stock vs Bond Allocation

Very hard to objectively assess risk level and translate that into an allocation. Guesses on top of guesses. One former Boglehead suggested taking the percentage of loss you could tolerate e.g. 30% and then doubling that as your equity allocation so --that would be 60/40. Many equity "corrections" ...
by matthewbarnhart
Sun Jan 19, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16405

Re: Why retire?

A quote from JL Collins ' The Simple Path To Wealth that motivated me to work toward financial independence: There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect... Freedom to choose when to leave a job and freedom...
by matthewbarnhart
Thu Jan 16, 2020 12:32 pm
Forum: Personal Consumer Issues
Topic: Chicago 'special occasion' but not 'expense account' restaurant recommendations?
Replies: 54
Views: 3555

Re: Chicago 'special occasion' but not 'expense account' restaurant recommendations?

I've lived in Chicago for 7 years (first in Logan Square, now in Avondale). The options, as you've seen, are nearly endless. If I were leaving Chicago and never returning, my last meal would absolutely be at Avec. The menu, while small, is diverse enough to please most palates and the atmosphere and...
by matthewbarnhart
Sun Jan 05, 2020 11:50 pm
Forum: Personal Consumer Issues
Topic: Traveling to Japan for first time
Replies: 44
Views: 2759

Re: Traveling to Japan for first time

I spent 2 weeks in Japan this past November. Very few smaller merchants accept credit cards and Apple Pay. A lot of restaurants, for instance are cash-only, so you should just cash at an ATM as-needed. (We use Fidelity, so no ATM fees.) However, I highly recommend installing the Suica card on your p...
by matthewbarnhart
Wed Dec 18, 2019 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4221

Re: Is anyone here surviving without a credit card?

Have one family friend who, when we eat out, always pays in cash. Splitting the check is eye gouging painful. I'm more than happy to pay the bill on my credit card, earning 4.5% - 5.25% cash back, and take his cash. (I'll tip the server in cash, though.) This year I've netted nearly $7,000 in signu...
by matthewbarnhart
Mon Aug 19, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: The W’s [Wellesley or Wellington] over a bond fund?
Replies: 27
Views: 3438

Re: The W’s over a bond fund?

Starchild wrote:
Mon Aug 19, 2019 4:41 am
Right. People here use Total Bond for "safety" but it barely covers inflation. I can't see this as good advice to suggest this fund.
Perhaps this article will be illuminating for you? https://jlcollinsnh.com/2017/12/20/the- ... -to-vbtlx/
by matthewbarnhart
Fri Aug 02, 2019 9:52 am
Forum: Personal Investments
Topic: Keeping it simple for the rest of the haul...
Replies: 11
Views: 1564

Re: Keeping it simple for the rest of the haul...

BHers ... Do you agree that a portfolio made up of: Traditional IRA Lifestrategy Moderate (VSMGX) Taxable Total World Admiral (VTWAX) ... is wise/simple for someone trying to keep himself from tinkering? I know it could be cheaper if I broke up the VSMGX pieces. That’s about $175K. The Total World ...
by matthewbarnhart
Sat Jul 27, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Zelle at fidelity
Replies: 5
Views: 2407

Re: Zelle at fidelity

I was thinking of opening a capital one 360, leaving a few hundred in for Zelle , and then ACHing more there as needed. Thoughts? This is what I do. When I setup my CMA at Fidelity, I sent a message to support asking if/when they’ll support Zelle. They said they’ll be looking into it. I do use Venm...
by matthewbarnhart
Thu Jul 25, 2019 6:32 pm
Forum: Non-US Investing
Topic: [EU] My portfolio manager passed away and I could really use advice how to proceed with my portfolio management
Replies: 44
Views: 2604

Re: [EU] My portfolio manager passed away and I could really use advice how to proceed with my portfolio management

You have a psychological problem, not an investing problem. Learn to accept that markets are volatile, there is nothing you can do about it, and find a equity:bond ratio that will allow you to sleep well at night. But there is thing you can do about it. When price turns down it hits moving averages...
by matthewbarnhart
Thu Jul 25, 2019 7:22 am
Forum: Non-US Investing
Topic: [EU] My portfolio manager passed away and I could really use advice how to proceed with my portfolio management
Replies: 44
Views: 2604

Re: [EU] My portfolio manager passed away and I could really use advice how to proceed with my portfolio management

What is the misconception? If moving averages are hit and tilt down then trend is about to change and you get out so you don't ride the donwtrend. Sure you also get in later and limit uptrend, but essentially you prevent seeing your portfolio drop 40%. I agree you can miss out on gains, but I was f...
by matthewbarnhart
Mon Jul 22, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Creative, "outside the box" to lower auto expenses?
Replies: 63
Views: 3977

Re: Creative, "outside the box" to lower auto expenses?

I had an idea that I didn't follow through on, because it turned out that one car really was enough, but I wondered if I could arrange for a standing account with a car rental agency--so that all the paperwork was already on file and I didn't need to go through it every time. The fantasy was that I...
by matthewbarnhart
Mon Jul 22, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Should my retirement portfolio be considered separate from my taxable funds?
Replies: 35
Views: 3972

Re: Should my retirement portfolio be considered separate from my taxable funds?

Because I would actually OWN my dwelling, which has many benefits - monetary and beyond. Sometimes I wonder if you are a troll. This will be your first house. You are overestimating the benefit and underestimating the costs. OP: as someone who has personally experienced the housing regret KlangFool...
by matthewbarnhart
Wed Jul 17, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1371
Views: 186831

Re: Fidelity as a one stop shop

So my question is, Is it better to simply use our standard PNC checking account with say, $5-6k in it for immediate expenses and the rest with VG keeping the emergency fund in VG MM? How hard is it to get money out of VG? As we have not done that yet. I just did the same -- moved my HSA to Fidelity...
by matthewbarnhart
Sat Jun 29, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house for Mom - Pros, cons, pitfalls?.
Replies: 55
Views: 3945

Re: Buying a house for Mom - Pros, cons, pitfalls?.

Why not just pay half her rent or something. Why complicate it and accept the money won't be returned. +1 I think this is betterfor someone who doesn’t handle money well. The expenses of a house are many. Keep living simple. Electricity and phone plus rent are easy enough to plan for. Another vote ...
by matthewbarnhart
Sun Jun 16, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One will only send security notices if you let them spy on you once in a while
Replies: 46
Views: 3452

Re: Capital One will only send security notices if you let them spy on you once in a while

You chose a paperless account. If you don't like their requirement, choose an account that sends paper, which would also comply with escheatment laws. Fair enough. You and I disagree on the importance of this matter. You still have the same purchase and fraud protection service , but the cost of th...
by matthewbarnhart
Sun Jun 02, 2019 1:07 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 860

Re: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

Since HSA is not thru OP's employer, he won't lose any SS credits (but also won't avoid any FICA taxes). Correct. If he incurs medical expenses he might as well capture the HSA taxable income deduction. If he isn't paying medical expenses OOP and leaving the $ in the HSA for future tax free growth ...
by matthewbarnhart
Sat Jun 01, 2019 10:04 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 860

Re: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

The only thing I can think of is that the gains in the taxable account will be taxed at your income level. Since you’re basically 0%, this wouldn’t be a downside unless those gains somehow push you into a taxed bracket and you can’t get back to 0%. If the market goes down, then what do you do? Tax ...
by matthewbarnhart
Sat Jun 01, 2019 9:34 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 860

Re: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

SIMPLE IRA is through W2 employer and needs to come through payroll deductions. Regular Roth IRA (hope you are contributing to Roth at this low income level) can be contributed till April of next year for this year Where is HSA from? Is it through W2 employer? If so, does the employer contribute an...
by matthewbarnhart
Sat Jun 01, 2019 8:48 pm
Forum: Personal Investments
Topic: Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?
Replies: 10
Views: 860

Low-ish income/low expenses: where to hold funds while waiting to figure out my tax situation?

I've looked through a few older threads about this, but none are exactly pertinent to my situation. I'm hoping the wisdom of the Bogleheads can lead me in the right direction! My situation: - Gross income is quite variable, but usually in the $35 - 45,000 range. Split roughly 50/50 between W2 and 10...
by matthewbarnhart
Fri May 31, 2019 5:08 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 122
Views: 15628

Re: Tequila and Magaritas

Lots of clueless comments so far in this thread. :D As an inhabitant of a part of the country where margaritas are a way of life .... Recipe for an high quality margarita: 1) slice a lime in half 2) wet rim of glass with lime and touch to the sal gorda (rock salt) (half rim ... full rim whatever yo...
by matthewbarnhart
Thu May 16, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Impossible Burger At Home
Replies: 35
Views: 3074

Re: Impossible Burger At Home

Comparing the Impossible Burger vs. beef from Kuma's Corner in Chicago, I can say the Impossible Burger made me feel just as disgusting as their beef patties ever did! As others have said, it is NOT health food, but an every-once-in-a-while treat for those who want a burger and also want to eat less...
by matthewbarnhart
Mon Mar 11, 2019 6:14 pm
Forum: Personal Investments
Topic: Can't see retiring without 15x-30x fixed income
Replies: 217
Views: 18680

Re: Can't see retiring without 15x-30x fixed income

OP, There is a risk of working longer than necessary. Then, you may not have enough healthy years to live your life. In that situation, you do not get a chance to do it over. Your life your choice. KlangFool I guess you might be correct for some of the early FIRE types but I haven't found it to be ...
by matthewbarnhart
Tue Feb 19, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: cholesterol lowering butter substitute
Replies: 10
Views: 1463

Re: cholesterol lowering butter substitute

Fresh avocado, which has (and comes with) the added benefit of being a whole plant food.
by matthewbarnhart
Sat Feb 09, 2019 10:20 am
Forum: Personal Investments
Topic: How To Invest Now and Best Limit Risk of Big Recession Loss
Replies: 19
Views: 2511

Re: How To Invest Now and Best Limit Risk of Big Recession Loss

spruceandpine wrote:
Fri Feb 08, 2019 7:48 pm
Your thoughts are super appreciated!! Sitting on cash is stressing me out!
The most important lesson I've received about investing: "It is better to adjust your psychology to the optimal investing strategies than to adjust the strategies to your psychology." -- JL Collins.
by matthewbarnhart
Fri Jan 11, 2019 11:05 am
Forum: Personal Consumer Issues
Topic: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac
Replies: 22
Views: 1529

Re: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac

When I get a new Mac, I always do a fresh install of the OS and apps. (I often do the same when doing OS upgrades between major versions.) Matthewbarnhart: why do you do a fresh install of the OS? Can't I reasonably assume that the computer has the current OS? Because I'm a recovering computer nerd...
by matthewbarnhart
Thu Jan 10, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac
Replies: 22
Views: 1529

Re: Techies: Advice on How to Transfer Data/Files from Old Mac to New Mac

I think you're on the right track, just starting from scratch. When I get a new Mac, I always do a fresh install of the OS and apps. (I often do the same when doing OS upgrades between major versions.) Passwords and bookmarks are synced via iCloud (I use Safari -- Chrome uses your Google account to ...
by matthewbarnhart
Tue Jan 08, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: A Test of Warren Buffett's 90:10 Retirement Portfolio
Replies: 33
Views: 6221

Re: A Test of Warren Buffett's 90:10 Retirement Portfolio

*I say "supposed" because from his actual words, it is not at all clear that he recommends 90/10 for anyone but his wife. "Warren's" fans are sure that they know how to interpret things that he doesn't say, but I'm not sure they do. To me, the main emphasis of the chairman's letter in which he disc...
by matthewbarnhart
Sat Jan 05, 2019 5:49 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 8773

Re: United, American, Delta--about the same?

Speaking as someone who's flown over a million miles on American and flies a decent amount for work (between 20-50 flights a year, sometimes more): If you A) don't have an allegiance to a specific airline, B) you hardly ever fly, and C) don't live in a hub city for one of the major airlines, just pi...
by matthewbarnhart
Thu Aug 02, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7979

Re: DW job in dangerous area

He also states that "not Southside but similar" in another post. Having been from Chicago, and knowing the neighborhoods, and having been a Trauma surgery resident at the (old) Cook County Hospital Knife and Gun Club, and my wife having worked at U of Chicago Hospitals. and my FIL still living ther...
by matthewbarnhart
Thu Aug 02, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 4192

Re: New job commute

It pays $100,000, similar job near me would pay about $70,000. So thats a big cut. Without even factoring in the immediate costs of driving, the negative health impact (never mind the numerous external impacts) of sitting in traffic for 3 hours/day, and the family time you're giving up that you'll ...
by matthewbarnhart
Thu Aug 02, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: DW job in dangerous area
Replies: 90
Views: 7979

Re: DW job in dangerous area

It depends on how 'unsafe' the area really is and then how unsafe the school property is, since she will be commuting back and forth to a parking lot on or next to school grounds or if it's by public transport then how far away the stop is. Even the local crime statistics would be misleading since ...
by matthewbarnhart
Thu Aug 02, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 4192

Re: New job commute

The commute has been stressing me though, its 3hrs round trip (1.5 hr each way about 34 miles each way - I lease a car). There are no similar paying jobs near my home, the ones that are available pay less (30K-35K less). I am trying to cope with the long commute, longest I have had. Its been affect...
by matthewbarnhart
Mon Apr 30, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: Bicycle Questions
Replies: 48
Views: 4633

Re: Bicycle Questions

I agree with other posters who suggested getting a decent used bike, as opposed to a new Walmart or bike shop ride. They're all over Craigslist, and if it gets stolen or never used you won't be brokenhearted. (You also don't need anything fancy for just puttering around town/campus.) But more import...
by matthewbarnhart
Sat Apr 21, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: Visiting Chicago - Foodie suggestions?
Replies: 28
Views: 2711

Re: Visiting Chicago - Foodie suggestions?

My top spots that you won't necessarily have to fight and scrape to get into: Avec Mi Tocaya Publican Quality Meats (lunch only) Little Goat Canton Regio Dove's Luncheonette (especially if you like mezcal) Cherry Circle Room at the Chicago Athletic Association hotel Also: you can really great small ...
by matthewbarnhart
Sun Mar 11, 2018 1:48 pm
Forum: Personal Investments
Topic: Savings Rate for Self Employed
Replies: 9
Views: 829

Re: Savings Rate for Self Employed

I am in a low tax bracket, so my situation may be more straightforward than others'. I keep it simple: I put 20% of all gross receipts into an Ally savings account, set aside for taxes. I have a set monthly budget, and I keep an "emergency fund" (more of a cash flow buffer) of a few months' expenses...
by matthewbarnhart
Wed Mar 07, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: Luggage/travel recommendations?
Replies: 54
Views: 5230

Re: Luggage/travel recommendations?

Before that, I had (and loved) Tom Bihn's Aeronaut and Tri-star bags. If you're on a budget, several friends of mine love the eBags Motherlode TLS Weekender. I was looking at the weekender. Do your friends use the backpack or roller bag? They use the backpack version, aka the "convertible". My girl...
by matthewbarnhart
Tue Mar 06, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Luggage/travel recommendations?
Replies: 54
Views: 5230

Re: Luggage/travel recommendations?

I will be traveling more soon and have a need to be a bit more organized and travel with a bit more ease. I like to travel light If you like traveling light, I highly recommend the website onebag.com . The suggestions there have improved my (traveling) life immeasurably. I haven't checked a persona...