Search found 1717 matches

by H-Town
Thu Jul 18, 2019 5:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1289
Views: 121431

Re: U.S. stocks continue to soar!

I really do like making money while on vacation. Go baby, go! As my investments compound and my gains soar I can't believe this is legal. I keep expecting Homeland Security to kick down my door and size my computer. People get ten to twenty stealing much less on Main Street. Wall Street is the plac...
by H-Town
Thu Jul 18, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 15
Views: 787

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

H-Town wrote:
Thu Jul 18, 2019 1:58 pm
So after tax, it'd be $330 max... Still a good deal if one is okay with moving money around for 3 months.
Just a thought: if many people get $500, how much the tax man would get? It would be nice to be the tax man...
by H-Town
Thu Jul 18, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)
Replies: 15
Views: 787

Re: Marcus Bank 1% Bonus for New Funds up to $50k ($500 bonus)

So after tax, it'd be $330 max... Still a good deal if one is okay with moving money around for 3 months.
by H-Town
Thu Jul 18, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Why Personal Finance is not taught in Schools in the US
Replies: 59
Views: 2213

Re: Why Personal Finance is not taught in Schools in the US

Background for my question: I work in NYC and recently a couple of interns from an underprivileged background joined our team for a week. While discussing with them I found out that they had received Credit Cards with limits of $10K. One of the interns had used 1.5K and was making minimum payments ...
by H-Town
Thu Jul 18, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 58
Views: 1669

Re: Explaining the magic of compound interest to teenagers

Hi everyone, I've recently started teaching a course in a local college on a subject that has nothing to do with personal finance, but includes some basic math and critical thinking concepts. From conversations with the students, I can see why so many people complain that the lack of personal finan...
by H-Town
Wed Jul 17, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

But I just said I knew things could change. A meteor could obliterate the earth and destroy all houses tomorrow. What I'm saying is there nothing I know at this very moment that is likely to force a change. When I purchased my first house, I knew at the time of purchase it probably wouldn't meet my...
by H-Town
Wed Jul 17, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

In Texas, property tax is assessed based on the value of the house. So no thanks. Also - there is no such thing as "forever home". It's a marketing term from HGTV to brainwash people into thinking a house can be a "forever home". Of course there is such thing as a "forever home." It's just that it'...
by H-Town
Wed Jul 17, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Total Stock (US and Intl): Fidelity ZERO vs Vanguard
Replies: 38
Views: 2303

Re: Total Stock (US and Intl): Fidelity ZERO vs Vanguard

They track different index so one should expect the difference.
by H-Town
Wed Jul 17, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

So some of my friends and I were discussing this. This is more of a discussion, as it is not like we can really affect it. We live in a medium cost of living area (Raleigh-Durham area) that is having some pretty significant appreciation over the past couple of years. in my neighborhood I have seen ...
by H-Town
Wed Jul 17, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7514

Re: No A/C in Office [not a safe work environment]

Should we do a wellness check on the OP? I hope he found a solution.
by H-Town
Tue Jul 16, 2019 5:41 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 88
Views: 3949

Re: From ex-dividend to distrubution where is my money?

Verizon has the money, they always had the money. The drop in stock price did not generate any money. I'm OK with that. Holding the money, I'm reinvesting in stock, for three weeks is excessive. It could be worse. The custodian could make a mistake and could misplace your stock certificate. If it's...
by H-Town
Tue Jul 16, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: New family car and safety considerations
Replies: 46
Views: 2472

Re: New family car and safety considerations

More importantly, Odyssey is a larger, more spacious, more comfortable vehicle than the RAV4. It has an intercom for back seat passengers and its own vaccum in the trunk. The captain chairs in the second row are like airline seats. These are the every day features that you consider when justifying ...
by H-Town
Tue Jul 16, 2019 4:35 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 88
Views: 3949

Re: From ex-dividend to distrubution where is my money?

Verizon has the money, they always had the money. The drop in stock price did not generate any money. I'm OK with that. Holding the money, I'm reinvesting in stock, for three weeks is excessive. It could be worse. The custodian could make a mistake and could misplace your stock certificate. If it's...
by H-Town
Tue Jul 16, 2019 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 52
Views: 4504

Re: 1 million in liquid assets or paid off mortgage by 40?

No wrong answer if you go with either A or B.
by H-Town
Tue Jul 16, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: New family car and safety considerations
Replies: 46
Views: 2472

Re: New family car and safety considerations

My Camaro works just fine. You'll learn to work with small space. Minimalist, sort of. We live in a consuming country. Take what you want. Be it a RAV 4 or a tank. 4 people camping your camaro? Or just you? 4 duffle bags, 4 pillows, 4 sleeping bags, 1 tent, 4 bag chairs, 1 camp stove, 1 cooler, foo...
by H-Town
Tue Jul 16, 2019 11:08 am
Forum: Personal Consumer Issues
Topic: New family car and safety considerations
Replies: 46
Views: 2472

Re: New family car and safety considerations

With 2 growing kids, a Rav4 (and similar size SUV) are not going to have the space for a family vehicle. This is a ridiculous statement. The Rav4, or any compact SUV for that matter, is a perfectly adequate vehicle for any normal family of 4. I'm constantly amazed at people who think they must purc...
by H-Town
Tue Jul 16, 2019 11:01 am
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 88
Views: 3949

Re: From ex-dividend to distrubution where is my money?

Let me rephrase the question. How does a company take value out of a stock to pay a dividend without selling stock? They don't. They can't. They won't. Dividends is bad, real bad, terribly bad. They carve out a piece of accumulated earnings and profits (your own equity) and pay it to you. They paid...
by H-Town
Mon Jul 15, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: From ex-dividend to distrubution where is my money?
Replies: 88
Views: 3949

Re: From ex-dividend to distrubution where is my money?

I have Verizon stock in my 401k. It went ex-dividend July 9th but my money won't be distributed until August 1st. Where is the $2,494.390,000, not all mine, sitting for three weeks? No where. Money is made up by human. It's not real. God damn it, an entire generation pumping gas, waiting tables; sl...
by H-Town
Mon Jul 15, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Question about bonus withholding
Replies: 12
Views: 757

Re: Question about bonus withholding

When you calculate your 2019 estimate tax, you can adjust your Form W-4 withholding to withhold the exact amount of tax you think you'd owe next year. You can also do better by either withhold 100% of last year or within $1,000 under to avoid penalty.
by H-Town
Mon Jul 15, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: No A/C in Office [not a safe work environment]
Replies: 86
Views: 7514

Re: No A/C in Office [not a safe work environment]

Work AC broke two days ago, it is 90 degrees outside and probably hotter in the building, since we have no breeze or airflow. The boss refuses to close the office, even thought the other 4 floors every company is not working. Company is small and has no HR, at what point is this not a safe work env...
by H-Town
Mon Jul 15, 2019 1:38 pm
Forum: Personal Investments
Topic: Phase out EF [Emergency Fund]?
Replies: 111
Views: 4683

Re: Phase out EF [Emergency Fund]?

At what point might it make sense to fold your EF into your taxable? Let’s ignore tax-advantaged accounts and short term cash liabilities (e.g., I know I need to spend X on Y soon). I often struggle with holding so much “cash”. For those of you who don’t carry an EF in “cash”, at what point did you...
by H-Town
Sun Jul 14, 2019 4:35 pm
Forum: Investing - Theory, News & General
Topic: Why mutual funds are more dangerous than ETFs
Replies: 32
Views: 3433

Re: Why mutual funds are more dangerous than ETFs

If you're not buying/selling your fund daily, does it make a difference? Wouldn't any errors be smoothed out over time? I see it not affecting a buy and hold boglehead Do buy and hold investors not need to buy shares during their accumulating years and sell shares during their decumulating years? Y...
by H-Town
Sun Jul 14, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Buying a used car: 0-interest loan over 15 months, or buy in cash
Replies: 32
Views: 1819

Re: Buying a used car: 0-interest loan over 15 months, or buy in cash

I'm currently using a leased car, and I'm going to return it after its 3 year due in December. Now, I'm planning to buy a 3-4 year old car around November / December, with a budget of somewhere between 12K-15K (Toyota / Honda). First things first, I can buy this car in cash in December, I have enou...
by H-Town
Sat Jul 13, 2019 9:10 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 59
Views: 6192

Re: Wealthfront now offers 2.51% APY

A cursory search reveals 4 banks offering 2.50% on money market accounts and several coming close. https://www.depositaccounts.com/moneymarket/ I would prefer to deal with a bank directly than deal through a middleman. With the big online banks (Ally, Marcus, Purepoint) dropping rates, I suspect ma...
by H-Town
Sat Jul 13, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1289
Views: 121431

Re: U.S. stocks continue to soar!

DaftInvestor wrote:
Sat Jul 13, 2019 7:47 am
Rebalanced yesterday - great week!
Good timing. Once the rate is finally cut, market will adjust their expectations and stock will drop. Now is the best time to get that rebalancing benefit.
by H-Town
Fri Jul 12, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

In the end it doesn't matter how you do the math. Saving 20k is saving 20k no matter if it is 20% of gross, 30% of net, or 50% of expenses. I agree with this statement. If you have goals and you do my best to achieve them, you shouldn't be concerned about anything else other than raising the bar ne...
by H-Town
Thu Jul 11, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a vehicle
Replies: 86
Views: 9769

Re: Paying cash for a vehicle

Careful. Some people on this board apparently believe you’re driving around a tin can death trap with no safety features. True. No backup camera? No lane departure sensing? You've living on borrowed time. I'm with you OP. As long as you have seatbelts and an airbag you're GTG. Half the people on th...
by H-Town
Thu Jul 11, 2019 9:48 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront now offers 2.51% APY
Replies: 59
Views: 6192

Re: Wealthfront now offers 2.51% APY

SlowMovingInvestor wrote:
Thu Jul 11, 2019 9:43 pm
With other online banks like Marcus and Purepoint dropping rates, how long will Wealthfront keep it's 2.57% rate ?
I enjoy it while it lasts.
by H-Town
Wed Jul 10, 2019 2:16 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

This is an expensive way to get a false sense of feeling good IMO. There are thousands of companies in TSM and you haven't heard of 95% of them. Who knows how many companies you'll be invested in with whom you disagree about something if you use any kind of broad-based, diversified mutual fund. I u...
by H-Town
Wed Jul 10, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Will 20% savings rate towards retirement starting in my mid 20s allow me to retire early in my 40s, 50s, or on time at 60? It's a start. It's a step to the right direction. But if you want to retire early and do it on your term, you gotta get after it. Increase your pay, make good decisions on hous...
by H-Town
Wed Jul 10, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1289
Views: 121431

Re: U.S. stocks continue to soar!

ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
Actually, the best dips are free chips and salsa.
by H-Town
Wed Jul 10, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Car Dilemma
Replies: 20
Views: 1399

Re: Car Dilemma

Why don't you think about doing the following: DW gets the 2015 ES350. Son drives 1998 ES300. You drive Subaru. You also keep 2007 Accord as a spare car. 4 cars in a family of 3.... talking about first world problem. Insurance companies would love to get a call from the OP. OP: standing pat is the ...
by H-Town
Mon Jul 08, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a new car now or wait: what's the math say?
Replies: 52
Views: 3782

Re: Buy a new car now or wait: what's the math say?

Well, my wife is driving a perfectly good 2011 Acura MDX that has 130,000 miles on it. We have had enough set aside to buy a new one for the last 3 years. It has been sitting in FZDXX earning around 2.2%. She is getting the itch for a new car, and I am having trouble figuring out why she should wai...
by H-Town
Mon Jul 08, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

Plus, you should account for divorce as well, which the odds sitting at 30-50% (?). If you get to $1.7M, suddenly the divorce settlement left you with 850k. I guess you can survive no matter what, but still not the "riding into the sunset scene" you wanted all along. Divorce at an older age where y...
by H-Town
Mon Jul 08, 2019 2:36 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 27031

Re: Americans believe they need $1.7 million, on average, to retire

What's the magic number for retirement savings? $1.7 million, according to a survey from Charles Schwab. How many of here are retired, or thinking of retiring, near this #? Assuming no pension and excluding paid for main residences in the numbers. $1.7M is the new $1M, which has been a milestone fo...
by H-Town
Mon Jul 08, 2019 12:11 pm
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 4559

Re: How warm to set thermostat while away

I'd like to save on my electric bill while I'm away on vacations but live in the hot, high humidity climate. I don't want my house getting musty or worse developing mold. Should I just set the thermostat a degree or two warmer than what I normally keep it at or would I be fine going warmer? We got ...
by H-Town
Sun Jul 07, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 13514

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

Will 20% savings rate towards retirement starting in my mid 20s allow me to retire early in my 40s, 50s, or on time at 60? It's a start. It's a step to the right direction. But if you want to retire early and do it on your term, you gotta get after it. Increase your pay, make good decisions on hous...
by H-Town
Sun Jul 07, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Bogle says [expect lower returns in the future]
Replies: 14
Views: 2206

Re: Bogle says [expect lower returns in the future]

In Bogle's book "The Little Book of Common Sense Investing" he forever drills into our heads the basic ideas of low cost indexed investing. Then in chapter 9 "When the Good Times No Longer Roll", he says a lot of stuff I don't understand, but the bottom line is that from now on all investments will...
by H-Town
Sat Jul 06, 2019 11:54 am
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

Hello, all. I have all my retirement funds in Vanguard funds. Once I set up a desired allocation, I left them alone with an occasional rebalance. However, as I am becoming more aware of how my choices impact the world around me I decided to check the list of companies that I am investing in. As I w...
by H-Town
Fri Jul 05, 2019 10:48 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11060
Views: 1939284

Re: U.S. stocks in free fall

stocks and bonds both falling off the cliff today as hopes of rate cut fade. I'll stay in cash, thanks. crap i should have bought the dip Somebody should really announce dips and peaks in advance. Would make things so much more civilized They do it all the time. Most of the time they're wrong thoug...
by H-Town
Fri Jul 05, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11060
Views: 1939284

Re: U.S. stocks in free fall

Does anybody even remember what a free fall looks like? I rushed to a site to check the market after reading a post upthread and had a hearty chuckle. I still remember 2000, not losing money because I was still in school. But I still remember the news on TV and the lessons taught at business school...
by H-Town
Fri Jul 05, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Wealthfront Cash Account Application Asking too many personal questions?
Replies: 39
Views: 3359

Re: Wealthfront Cash Account Application Asking too many personal questions?

I just tested it out, and Wealthfront indeed forces you into account-linking with login credentials. When I entered a routing number for BofA, it directed me back to enter login credentials, offering this help article as justification. If I were looking to open one of these accounts, I'd probably e...
by H-Town
Fri Jul 05, 2019 3:33 pm
Forum: Personal Investments
Topic: How does tax with-holding work for International funds in retirement accounts
Replies: 11
Views: 664

Re: How does tax with-holding work for International funds in retirement accounts

"deduct" is not the proper verb here. You do not get to deduct them at all and they do get included in your AGI if you held the shares in a taxable account. Foreign taxes paid are deducted from either taxable income, or total tax owed. Foreign tax credit is more beneficial in individual tax return....
by H-Town
Thu Jul 04, 2019 6:57 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 54
Views: 3593

Re: How to avoid industries I do not want to invest in?

Hello, all. I have all my retirement funds in Vanguard funds. Once I set up a desired allocation, I left them alone with an occasional rebalance. However, as I am becoming more aware of how my choices impact the world around me I decided to check the list of companies that I am investing in. As I w...
by H-Town
Wed Jul 03, 2019 1:46 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3208

Re: Do Target Date Retirement Funds Have a Down Side?

Perhaps this question is too broad (or stupid) but I'll ask any how. Do target date retirement funds have a down side? 1) It's not tax efficient for brokerage account. 2) It's difficult to maintain your preferred AA across multiple asset locations unless you use target date everywhere. Go back to 1...
by H-Town
Wed Jul 03, 2019 12:50 am
Forum: Personal Finance (Not Investing)
Topic: Where to park $50K for highest possible return but zero risk?
Replies: 32
Views: 5453

Re: Where to park $50K for highest possible return but zero risk?

Two requirements. (1) zero or near-zero risk, (2) highest possible return given (1). What are your suggestions? As always, thanks! Edit: over 5 years investment time horizon. 60% World Stock VT / 40% Total Bond BND, or any combination of the stock & bond that you prefer. In a "near-zero" chance tha...
by H-Town
Thu Jun 27, 2019 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Ally savings acct lowers rate by 10 bps to 2.1%
Replies: 38
Views: 4602

Re: Ally savings acct lowers rate by 10bp to 2.1%

I guess it makes me feel better for not rate chasing and moving my savings from Amex to Ally. And I'll feel better if it's an industry trend, otherwise I'll suspect something's up with Ally. Redneck Bank lowered their savings account from 2.5 to 2.4%. So, its a trend. Ah, there it is...now I feel b...
by H-Town
Mon Jun 24, 2019 10:52 am
Forum: Personal Investments
Topic: Why does AA matter as long as I stick to it?
Replies: 26
Views: 2587

Re: Why does AA matter as long as I stick to it?

David Jay wrote:
Mon Jun 24, 2019 10:45 am
It doesn’t matter as long as an individual, to use your words, can “stick with it”. That is the operative phrase.

For many the comfort level changes when their “human capital” goes away. One’s AA needs to fit their stage-of-life.
This. "Stick with it" is easier said than done.
by H-Town
Tue Jun 18, 2019 11:48 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 13784

Re: Why do large personal portfolios include bonds?

On the other hand if that $10,000 had been put under a mattress for 30 years there would be $10,000 exactly at the end. So how do we want to assign risk to that? Note the result in Firecalc for this particular table is not inflation adjusted. Inflation is why I invest. Inflation is one of the bigge...
by H-Town
Tue Jun 18, 2019 11:45 am
Forum: Investing - Theory, News & General
Topic: Should I abandon the Total International Stock Index Fund for greener pastures?
Replies: 110
Views: 10151

Re: Should I abandon the Total International Stock Index Fund for greener pastures?

Just checking with others about international investments. Despite what economists speculate (and I emphasize that word) for the future, international fund returns over past decade, and more, have been disappointing, to say the least. Right now, my advisor has me at 40% Vanguard Total International...