Search found 191 matches

by MrJones
Tue Aug 21, 2018 3:28 am
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 1M
Replies: 15
Views: 2454

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: 15
Views: 2454

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: 15
Views: 2454

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: 12255

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: 1357

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: 6972

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: 27
Views: 5725

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: 828

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: 2019

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: 1907

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: 4109

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: 4109

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: 222

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: 206
Views: 33669

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: 9296

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: 1907

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: 2019

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: 8883

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: 9745

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: 3682

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: 12116

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: 4675

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: 359
Views: 45368

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: 8528

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: 8528

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: 5037

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: 1937

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: 4982

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: 2926

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: 892

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: 892

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: 4499

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: 10986

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: 3212

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: 741

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: 13076

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?
by MrJones
Wed May 09, 2018 4:27 am
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 6078

Re: How to handle problem employee

gowri wrote:
Wed May 09, 2018 2:01 am
This is why I try my very best not to work for a new managers.
Push that "problem" onto your unsuspecting co-workers, eh?
by MrJones
Wed May 09, 2018 12:55 am
Forum: Investing - Help with Personal Investments
Topic: ESPP taxing rules, to hold or not to hold
Replies: 28
Views: 2189

Re: ESPP taxing rules, to hold or not to hold

Here's a reasonable analysis: https://thefinancebuff.com/employee-stock-purchase-plan-espp-is.html Thank you, this is very helpful. It looks like the article suggests selling as soon as possible after stock grant date. A counterpoint to that is comment #56 in that same article by "Andy." That comme...
by MrJones
Wed May 09, 2018 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Transferring in kind from Fidelity/Schwab to Vanguard
Replies: 3
Views: 741

Transferring in kind from Fidelity/Schwab to Vanguard

I have employer ESPP stock in Fidelity and Schwab. I'd like to consolidate these into Vanguard to simplify and later sell at my convenience.

Anyone know if "metadata" like grant date, FMV at purchase, qualified status etc. will also transfer?
by MrJones
Tue May 01, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: Device or app to find road gradient while biking?
Replies: 18
Views: 1307

Re: Horizontal Level Acceleration & Heisenberg Principle

wrongfunds wrote:
Tue May 01, 2018 3:22 pm
Or is the Heisenberg's uncertainty principle apply here?
Only if your vehicle is smaller than an atom.
by MrJones
Tue May 01, 2018 4:19 am
Forum: Personal Finance (Not Investing)
Topic: How would you handle a request for money from a niece?
Replies: 89
Views: 7377

Re: How would you handle a request for money from a niece?

$100 can't make a meaningful difference in any Americans life. Your niece doesn't need the money, she just wants it. If she really does need it, as in "I don't have any money to buy food for a few weeks" then she should be looking into bankruptcy along with getting a new job. +1. I can see that per...
by MrJones
Sun Apr 29, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP taxing rules, to hold or not to hold
Replies: 28
Views: 2189

Re: ESPP taxing rules, to hold or not to hold

A good way to frame the question is: Would you take $X (where X is the amount you have invested in ESPP) from your savings and buy your company stock with it? If yes, hold. If not, liquidate the shares, take the free money and apply the funds to your savings or investment goals. It's free money; a ...
by MrJones
Wed Apr 25, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out of the Bay Area
Replies: 84
Views: 11296

Re: Cashing out of the Bay Area

randomizer wrote:
Tue Apr 24, 2018 1:01 am
I don't know how anybody could know this. Really know it.
It's not about knowing. It's about being able to guess well enough to base an action on it. This is what most businesses, for example, routinely do.

Everyone understands guesses can turn out wrong.
by MrJones
Sun Apr 22, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Easy way to compare funds, indexes, stock
Replies: 16
Views: 1325

Re: Easy way to compare funds, indexes, stock

In summary: morningstar, dividendchannel.com, and portfoliovisualizer all provided useful info. See above for pros and cons and more details.

Vanguard provides after-tax returns as well, but only for vanguard funds and ETFs, and fixed for the highest federal tax bracket.

Thanks everyone!
by MrJones
Sun Apr 22, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Easy way to compare funds, indexes, stock
Replies: 16
Views: 1325

Re: Easy way to compare funds, indexes, stock

It should come with a warning, though: " Past performance is no guarantee of future performance. Sure, but I was using it to evaluate past performance, not future. Regardless, these types of analyses are useful at some level for the future at as well. A reasonably informed person is seldom looking ...
by MrJones
Sun Apr 22, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Easy way to compare funds, indexes, stock
Replies: 16
Views: 1325

Re: Easy way to compare funds, indexes, stock

There's Portfolio Visualizer https://www.portfoliovisualizer.com/backtest-portfolio, but its granularity is monthly (when "Time Period" is set to "Month-to-Month") and it won't do taxes. It calculates total returns and shows charts of growth including reinvested dividends. Thank you, I see referenc...
by MrJones
Sun Apr 22, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Easy way to compare funds, indexes, stock
Replies: 16
Views: 1325

Re: Easy way to compare funds, indexes, stock

GibsonL6s wrote:
Mon Apr 16, 2018 7:01 pm
Use this for stocks and ETFs, not funds.

https://www.dividendchannel.com/drip-re ... alculator/

Portfoliovisualizer is great to see how you did as a portfolio.
Nice - this shows a "with dividends reinvested" and "without" side by side. Also very useful, thank you!
by MrJones
Sun Apr 22, 2018 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Easy way to compare funds, indexes, stock
Replies: 16
Views: 1325

Re: Easy way to compare funds, indexes, stock

You can do almost everything you asked for, except for taxes, using Morningstar growth charts. See this article. Growth charts include dividends. The big Morningstar trick is that you must begin by plotting a mutual fund first if you want to get growth charts. You can then add ETFs or individual st...
by MrJones
Sun Apr 22, 2018 12:39 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 34182

Re: KF's simple rules to achieve FI

Rule #1 Save 1 year of your current annual expense every year. Then, you could be FI in about 25 years even with 0% real growth. Save 1 year of *expenses at retirement* every year. Not current annual expense. But for reasons others have mentioned, this is not a very useful rule at all. Most cannot....