Search found 205 matches

by MrJones
Sun Oct 14, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Need guidance on charting next life steps
Replies: 27
Views: 2043

Re: Need guidance on charting next life steps

If we assume financial goals are important, which they should be at the stage of your life, that effectively removes options 2 and 5. Options three and four are interesting in that they suffer from uncertainty and the loss of familiarity. Here's my perspective on that: you're young. Increasing your ...
by MrJones
Tue Oct 02, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Combating Analysis Paralysis
Replies: 17
Views: 1874

Re: Combating Analysis Paralysis

retiredjg wrote:
Tue Oct 02, 2018 4:30 pm
Mike your post contains entirely too much personal information. It should be deleted NOW.
Seriously. At least remove the birthdates pronto.
by MrJones
Mon Sep 17, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Why is it so much cheaper to borrow money in Euros?
Replies: 19
Views: 2167

Re: Why is it so much cheaper to borrow money in Euros?

euro loans have also much lower rates. euro bank accounts offer lower rates as well What I cannot understand is why USD value respect euro doesn't decrease at the difference of the rate. It would seem you can arbitrage the whole thing (get a loan in euros, invest in USD, pay back in Euros) Until yo...
by MrJones
Sun Sep 09, 2018 6:00 am
Forum: Personal Consumer Issues
Topic: Older Toyota/Honda/Similar owners: How often do you clean your car?
Replies: 36
Views: 2203

Re: Older Toyota/Honda/Similar owners: How often do you clean your car?

Exterior: I wax it well by hand, so it usually doesn't require another wash for 8 to 10 months. Occasionally I'll leave it outside and a drizzle will bring on a coat of dust that will nessicitate a wash in between. Interior: about the same frequency. I tend to keep it clean and nobody else rides in ...
by MrJones
Fri Aug 31, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2141

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

TIAX wrote:
Fri Aug 31, 2018 3:43 pm
And 10 million doesn't. As others suggested, speak to an attorney that handles trusts and estates. Yes, you probably want a trust.
Talk about a non sequitur.
by MrJones
Fri Aug 31, 2018 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Last Will and testament involving very young children and 7 figure estate. What have you done?
Replies: 15
Views: 2141

Re: Last Will and testament involving very young children and 7 figure estate. What have you done?

Starfish wrote:
Fri Aug 31, 2018 12:04 am
Having 10 million and asking legal advice on a forum is like asking medical advice about cancer on internet. Did you think about... lawyers?
Just wanted to point out that 1 million qualifies as a seven figure number.
by MrJones
Tue Aug 28, 2018 3:12 am
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3157

Re: Man...opening a savings account with Ally is an arduous process.

I've opened accounts several times with Ally. If there's no problem, it gets opened online instantly. A letter is either a rejection (id verification failed), or a request for documentation. Unfortunately, in my experience, it's mostly been the former.

Hope it's the latter for you. Good luck!
by MrJones
Sat Aug 25, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7084

Re: Game Changing Inheritance of Stocks! Now what?

I would NOT sell and keep them forever if you can. Have 2 BRKA shares worth $625K and do not plan to sell them. When I was in biz school in 95 each one was worth $30K and now it is $312K each...do the math..and you will see the power of compounding! If you "do the math", you'll conclude total marke...
by MrJones
Fri Aug 24, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

Thanks for sharing what you've learned. Um, I'm not a financial novice--as in I've run three free-lance businesses including across Europe and Asia for 40 years--but an investment novice: gawd, that's the truth. What a pickle. About range of opinions--you don't seem to be recommending the 3-Fund Po...
by MrJones
Thu Aug 23, 2018 2:13 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

I'm making serious life decisions by myself without any tools and taking time to ask pretty common sensical questions. I imagine you've made your financial decisions on the basis of an enormous body of real information and experience. I'm making this financial decision on the basis of a few emails ...
by MrJones
Thu Aug 23, 2018 2:03 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

Oh MrJones, thank you so much for suggesting these different plans. I understand you put some thought into simplifying as much as possible. You've anticipated some of my questions, but here's another round--then I think I'll be good to go. If I've already used up your good will, maybe someone else ...
by MrJones
Wed Aug 22, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: The Bigger Story: Fidelity Expense Ratios
Replies: 98
Views: 10719

Re: The Bigger Story: Fidelity Expense Ratios

I believe pretty strongly in rewarding Vanguard as much as I can for being the reason behind these changes, even at Fidelity. I think it’s good for consumers to reward the right behaviors and structures, not just run to absolute lowest fees. Fidelity makes clear in their comms that they do this in ...
by MrJones
Wed Aug 22, 2018 2:11 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

OP, just reading your back and forth here, I'm wondering if this sounds familiar to you: Paralysis by analysis Investors have thousands of funds to choose from plus an abundance of market “noise” telling them what they should do. The more choices they have the harder it is for them to choose one, ma...
by MrJones
Tue Aug 21, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

1. About firing him: But there are so many thing I don't know! -- When he sells things from my portfolio, will I lose a lot of money? -- Are there other expenses related to moving the money that I should expect? -- Can I do this in two steps? Get everything into Schwab with a short-term advisor and...
by MrJones
Tue Aug 21, 2018 3:28 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

First: There is NO reason to even interact with your financial advisor. None. Zero. No letter, no phone call, no text, no email. You interact only with the institution where your money is going. Some advisors have a fixed fee portion to their total fees. It's best to make the termination explicit, ...
by MrJones
Sun Aug 19, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

Welcome to the forum. You're in great shape overall, once you fire that advisor and simplify. Here's my recommendation for starting out: Of course, the very first step is to fire your advisor immediately. Send a polite but firm thank you note saying their services are no longer needed. Then, 1. Keep...
by MrJones
Sun Aug 19, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 117
Views: 14895

Re: How to Begin with 1M

SPIA doesn't work with:
6. To leave my principal (most?) and house to my son.
by MrJones
Sun Aug 19, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 13906

Re: Remind me (again) how real estate isn't a GREAT investment?

AZAttorney11 wrote:
Sun Aug 19, 2018 10:06 am
Where are the posts from 2008 - 2011 from landlords in places like California, Arizona, Nevada, and Florida?
They're still too busy rebuilding their lives....
by MrJones
Sat Aug 18, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1575

Re: Capital Gains on an Index Fund

OP here. So if I buy Total Stock Market with a taxable account and sell it 3 months later and make 10k, that 10k is not taxed at my Short Term CG rate but instead based on the underlying funds holding duration? And I would expect that would mostly be closer to LTCG as it is an Index fund. Do I have...
by MrJones
Sat Aug 11, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 7310

Re: Private Banking is a trap. Don't do it!

...The reason I haven't firmly said no is because I want to stay at the Private Bank now (due to better service). So your strategy is to lead them on in order to obtain services from them? Hate to call you out on it OP, but what you're doing to them doesn't seem very different from what they're try...
by MrJones
Tue Aug 07, 2018 3:27 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review, Age 31, $1.5 million net worth
Replies: 38
Views: 8337

Re: Portfolio Review, Age 31, $1.5 million net worth

Thanks everyone for the responses! Wow, I had no idea that probate in California was so expensive. Apparently probate attorney fees are defined by law and with a gross value of $1.5 million estate, that would be a required $28k in fees. It's likely I will move out of California sometime in the next...
by MrJones
Wed Aug 01, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Can someone help explain this employer retirement contribution wording?
Replies: 14
Views: 879

Re: Can someone help explain this employer retirement contribution wording?

House Blend wrote:
Wed Aug 01, 2018 12:48 pm
Also, if you are a compulsive saver like most Bogleheads, you'll want to know that the mandatory contributions don't count towards the $18,500 limit.
And neither do your employer's contributions, just FYI.
by MrJones
Sat Jul 28, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2141

Re: What Comes Next After Establishing Personal Finance Basics?

il0kin, thanks for that quick intro. I've been meaning to look into trusts for a while.
by MrJones
Sat Jul 28, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Starting from scratch
Replies: 17
Views: 2028

Re: Starting from scratch

Welcome! You may not be aware of it but you are closer than you think in arriving at your financial plan. You have already identified pretty much all the major pieces with the exception of a quick 5-minute approximation at what you will be paying in income taxes in your location. Beyond that, it's ...
by MrJones
Sat Jul 28, 2018 11:47 am
Forum: Local Chapters and Bogleheads Community
Topic: RIP investor
Replies: 22
Views: 4390

Re: RIP investor

Mel Lindauer wrote:
Fri Jul 27, 2018 2:49 pm
MrJones wrote:
Fri Jul 27, 2018 12:12 pm
+10. That's the first thing I thought. An IRL buddy system would be great.
Sorry to hear about Neal.

I've chosen Taylor as my IRL buddy. 8-)
Why, Mel, you show off ;-).
by MrJones
Fri Jul 27, 2018 12:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: RIP investor
Replies: 22
Views: 4390

Re: RIP investor

The Wizard wrote:
Fri Jul 27, 2018 10:28 am
It's good that certain members keep track of others IRL.
We should have a rule about that...
+10. That's the first thing I thought. An IRL buddy system would be great.

RIP investor.
by MrJones
Fri Jul 27, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an Indian grad student
Replies: 2
Views: 239

Re: Investing as an Indian grad student

+1 to tenkuky.

Roth IRAs are not associated with an employer. As long as you have earned income, you can contribute. I believe stipends are considered earned income, but please check for your case
by MrJones
Fri Jul 27, 2018 4:32 am
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 210
Views: 36399

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

nedsaid wrote:
Tue Oct 24, 2017 6:56 pm
Who wrote the forward to the book?
Foreword.

With an 'e' and an 'o'.

Fore as in "comes ahead of," "before". Word as in word. Words that come before the rest of the book are in the foreword.
by MrJones
Thu Jul 26, 2018 7:16 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 10088

Re: Toughest Purchase of my Life. Engagement Ring time

For some reason, a diamond just feels like a big scam thanks to the De Beers. If you feel this way, you'll probably have buyer's remorse for a long time. Buy something much less expensive that you will be at peace with. I'm speaking from personal experience. I feel *exactly* the same way. The diamo...
by MrJones
Thu Jul 26, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Starting from scratch
Replies: 17
Views: 2028

Re: Starting from scratch

Welcome! You may not be aware of it but you are closer than you think in arriving at your financial plan. You have already identified pretty much all the major pieces with the exception of a quick 5-minute approximation at what you will be paying in income taxes in your location. Beyond that, it's a...
by MrJones
Wed Jul 25, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: What Comes Next After Establishing Personal Finance Basics?
Replies: 14
Views: 2141

Re: What Comes Next After Establishing Personal Finance Basics?

If you're considering a will, you might as well establish a revocable living trust for you and your wife when you speak with an estate attorney. It's easier to add things into the trust as you purchase them rather than re-deed and re-title things later on. Is this a good step to take before buying ...
by MrJones
Thu Jul 19, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9159

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

Feel free to keep it as play money as long as it's less than 5% of your portfolio. I.e., if you already have a well allocated $20M or more in assets.
by MrJones
Tue Jul 17, 2018 12:44 am
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 10162

Re: Why own a bed?

For heaven's sake, you spend at least one third of your life in bed and a good raised bed with solid support is among the best investments to improve your quality of life. Please treat your body well. The Japanese and other Asians sleep with a mattress on the floor, even those who are wealthy. Thei...
by MrJones
Wed Jul 11, 2018 5:03 am
Forum: Personal Finance (Not Investing)
Topic: Compensation
Replies: 21
Views: 3780

Re: Compensation

viewtopic.php?f=2&t=235646&p=3686407

H1B database doesn't include equity, and is hence not greatly useful in the Bay area.
by MrJones
Sat Jun 23, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12828

Re: When did you start flying business class?

adamthesmythe wrote:
Sat Jun 23, 2018 5:31 pm
Consider premium economy. It turns a hellish long flight into a survivable and almost pleasant long flight at a much more reasonable price point.
For long fights (14 hrs+), does premium economy make a difference over economy even if one isn't tall or heavy?
by MrJones
Sat Jun 23, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can One Keep Trial Deposits?
Replies: 30
Views: 4909

Re: Can One Keep Trial Deposits?

Nummerkins wrote:
Wed Sep 14, 2016 9:44 am
Just don't end up like this guy:

https://www.wired.com/2008/05/man-allegedly-b/
I can't help being impressed!
by MrJones
Fri Jun 22, 2018 11:36 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 369
Views: 49008

Re: MoviePass-Too good to be true, but it's legit.

Teague wrote:
Fri Jun 22, 2018 9:14 am
Explain how they plan to make a profit charging $10 a month per customer while paying more than $10 a month per customer.
They make it up on volume. :D
[/quote]

Hahaha :D.

It's 2001 all over again....
by MrJones
Fri Jun 22, 2018 4:03 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8900

Re: how to make friends in new location?

Wow is right. I have not always agreed with Cilia, but never found her posts to be condescending, or in any way insulting. I try to be sensitive to burdens others face, but fail to see the condescension in her response here. She spends time to write useful, thoughtful responses. If she had a histor...
by MrJones
Thu Jun 21, 2018 11:16 pm
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8900

Re: how to make friends in new location?

jayk, Why do you feel you have to find friends for your wife? ... This is a very rude post. Passive aggressive, condescending, where to begin? I'm not going to dignify it with a proper response. I'm sorry but the original post came across to me as if you needed to make all the decisions for your wi...
by MrJones
Mon Jun 11, 2018 1:43 am
Forum: Investing - Theory, News & General
Topic: How and when do you decide to do Tax Loss Harvesting?
Replies: 47
Views: 5342

Re: How and when do you decide to do Tax Loss Harvesting?

I just realized we may have a wash sale problem if we don't cross check our retirement portfolio and funds while harvesting losses in taxable accounts. Does anyone know if TLH triggers wash sale if the TAXABLE account fund we sell at a loss is a part of our Target Fund in our retirement account and...
by MrJones
Sun Jun 10, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 2069

Re: Buying CPO Lexus - any advice appreciated

livesoft wrote:
Sun Jun 10, 2018 12:40 pm

4. Accept a different color and features to get the price lower, but in no case buy a car with a black / dark interior.
Why?
by MrJones
Sat Jun 09, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: $1M Question
Replies: 38
Views: 5174

Re: $1M Question

Earn $5M this year and put it, along with the $12k into a handful of individual stocks. Voila!
by MrJones
Fri May 25, 2018 11:30 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 3644

Re: Folks, I'm calling the Tops for Bay area RE market

The fact that you used the term "running hot" makes me have a lot of confidence in your statements...
by MrJones
Fri May 18, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Qualify for Obama care for a part of the year.
Replies: 24
Views: 930

Re: Qualify for Obama care for a part of the year.

mrx wrote:
Fri May 18, 2018 12:10 pm
If the enrollment opens in November, can he get coverage and starts using it in November? or does he have to wait till Jan 2019 to start using the coverage?
Jan 2019
by MrJones
Fri May 18, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Qualify for Obama care for a part of the year.
Replies: 24
Views: 930

Re: Qualify for Obama care for a part of the year.

AFAIK, he can enroll in ACA only during open enrollment, around October in most states. That's designed precisely to prevent people from avoiding having insurance until they need it. Qualifying events are the exception. You might want to check if voluntarily resigning one's job qualifies.
by MrJones
Fri May 18, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 4656

Re: Surgeon salary vs owning a business salary/profit?

What is the status of your plan to attend medical school?.... https://www.bogleheads.org/forum/viewtopic.php?f=2&t=228625&p=3551401#p3551401 Your past posts indcate a pattern of revisiting the same topics at a 1/3rd to 1/2 year interval - what is the end goal? +1. Regardless of what you do, have yo...
by MrJones
Thu May 17, 2018 6:43 am
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 11442

Re: Yes, I'm 89 all right! [Jack Bogle]

Thank you Sir, for setting up Vanguard to be a brilliant, shining beacon of how to align corporate interests with the customer's interests.
by MrJones
Tue May 15, 2018 9:21 pm
Forum: Personal Consumer Issues
Topic: Brake work estimate
Replies: 45
Views: 3315

Re: Brake work estimate

If you did it yourself (or find a friend/neighbor that could teach you how to do it) you could knock that down by at least 50%. It's really not that hard - I'm not much of a car guy, but generally do simple stuff like this on my own to save money. Or even more because the parts are much cheaper if ...
by MrJones
Mon May 14, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Transferring in kind from Fidelity/Schwab to Vanguard
Replies: 3
Views: 760

Re: Transferring in kind from Fidelity/Schwab to Vanguard

Thanks for the info and pointer!

It seems like it's just the cost basis that is covered. Other metadata isn't, and that can be important in determining qualified vs. unqualified dispositions. That makes me hesitate to transfer.
by MrJones
Mon May 14, 2018 9:55 am
Forum: Forum Issues and Administration
Topic: The front page is ugly
Replies: 140
Views: 13780

Re: The front page is ugly

Youngblood wrote:
Mon May 14, 2018 9:52 am
Yep it works great, but how about adding some color options to the current design?
Why?