Search found 416 matches

by harvestbook
Thu Jul 19, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 46
Views: 4956

Re: I may have understood why it's so hard to save and invest

I've looked around for easy ways to make money and nothing seems lazier or better than just sticking it in the market and letting time do the work.
by harvestbook
Sun Jul 15, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Like Lifestrategy Funds but???
Replies: 32
Views: 3253

Re: Like Lifestrategy Funds but???

It's the second-largest asset class in the world behind international real estate. So any deviation from that is an active decision. My 401k is LS Growth and I'm fine with a slice of it, even though I am wildly underweight global cap. I doubt if anyone in the world holds a true market-weight portfol...
by harvestbook
Fri Jul 13, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: 26 years old. Roth ira with edward jones last 3.5 years.
Replies: 44
Views: 2536

Re: 26 years old. Roth ira with edward jones last 3.5 years.

Those funds likely carry an additional .25 percent 12b-1 fee used to advertise the mutual fund. Edward Jones also gets kickbacks on many funds: https://www.edwardjones.com/planfees/fees-compensation/networking-service-fees-shareholder-accounting.html I'd rather pay off debt than buy yachts for Edwar...
by harvestbook
Sun Jul 01, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10779

Re: Feel like I'm sinking money into international

[/quote]

+1 nor I. But hey, maybe Munger, Buffet and Bogle, three of the smartest investing minds of the last hundred years are wrong. Maybe....but I sincerely doubt it.
[/quote]

It'd be great if we got the one hundred years they had but we don't.
by harvestbook
Sat Jun 23, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 10779

Re: Feel like I'm sinking money into international

Hamburger is on sale yet you want steak.

There will still be beef 10 years from now.
by harvestbook
Thu Jun 21, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: is Ed Jones always bad news?
Replies: 29
Views: 3411

Re: is Ed Jones always bad news?

EJ gets kickbacks on certain funds, particularly American funds. So it's not surprising they often find them "appropriate."
by harvestbook
Tue Jun 19, 2018 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing With Healthcare $$ Concerns
Replies: 10
Views: 843

Re: Retirement Investing With Healthcare $$ Concerns

If your wife isn't working and your income is low, you might look at enrolling in an ACA plan instead of COBRA, or at least compare as an option. I empathize with your worries. I'm 10 years from Medicare and as a self-employed couple with private insurance, every single decision feels like a walk th...
by harvestbook
Wed May 30, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7521

Re: Advice on neighbor not keeping up his property...

Works both ways. I don't want you sticking your nose over my fence telling me what to do or living to your standards. That's why I choose to live where everybody minds their own business.
by harvestbook
Sat May 26, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 76
Views: 12555

Re: Why Edward Jones?

Our small town has two EJ advisors. They run a regular column in the local paper, too (I imagine it's a corporate-issued generic column they put their faces to). The copy makes them sound imminently reasonable and conservative ("Invest for the long haul, slow and steady, etc.") Between that and the ...
by harvestbook
Thu May 17, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Do I pay towards my mortgage or invest?
Replies: 45
Views: 4761

Re: Do I pay towards my mortgage or invest?

My wife had a goal of kitchen reno with granite counter tops when we met a specific savings goal (half of our projected retirement needs.) I reluctantly agreed, since I am a simple guy who doesn't like change but also wanted to keep her motivated with savings. Now that we're almost there, she says, ...
by harvestbook
Mon Apr 30, 2018 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Taxes, Solo 401k, and advice
Replies: 6
Views: 401

Re: Taxes, Solo 401k, and advice

I don't know about the car, but you can hire your husband and he can be in your solo 401k if he works for the business and is compensated appropriately for his duties (if maxing out your own 401ks is a concern for you).
by harvestbook
Sun Apr 29, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: HSA Charging Monthly Fee - How to Avoid it?
Replies: 6
Views: 652

Re: HSA Charging Monthly Fee - How to Avoid it?

We have a cash-flow HSA at the local credit union with no fee and pays 1.5 percent. Not a long-term solution but for a low account it works well.

(We have another HSA we use for investments that does have fees.)
by harvestbook
Sat Apr 28, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Last logon not registering at Vanguard
Replies: 3
Views: 447

Re: Last logon not registering at Vanguard

I got a "Vanguard doesn't recognize this computer" when I tried to log in Friday. It's the only computer I've ever used to do so. I'll try again Monday before calling.
by harvestbook
Tue Apr 24, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio
Replies: 32
Views: 3880

Re: A Challenge To The 3 Fund Portfolio...The 2 Fund Portfolio

I'm making a minor bet that the next 30 years won't be like the last. I'll stick with broad diversity even if the difference likely won't be great.
by harvestbook
Sat Apr 21, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9791

Re: NYT article: Everyone should hire a financial planner

It's not like financial planners don't have a whole raft of cognitive biases of their own, including the ultimate bias of needing to make money off of you. After escaping Edward Jones I've tried a couple of times to find a fee-only adviser for a checkup/overview but end up annoyed that they're tryin...
by harvestbook
Fri Apr 20, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Applying for ACA ? [Colorado]
Replies: 17
Views: 1635

Re: Applying for ACA ?

If I go over $94.2K in income, my subsidy will be ZERO. And would have to pay the total cost of $24K for a bronze plan and $32K for a silver plan. I use a combination of roth withdrawls and principal withdrawls to keep the income level down. I'm confused about this. I thought any account withdrawal...
by harvestbook
Wed Apr 18, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Fit EX
Replies: 33
Views: 2735

Re: 2018 Honda Fit EX

I bought a new Fit in 2012 for around $16k. I liked it so much I gave it to my daughter when she reached driving age and bought another new one in 2016. I'm still getting more than 46 mpg with an automatic. it was around $18K. We like the flexibility of the space. I plan to keep this one for its ent...
by harvestbook
Mon Apr 16, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: child starting college this fall - what do I need to know & do?
Replies: 16
Views: 1821

Re: child starting college this fall - what do I need to know & do?

If you get a state tax deduction, I'd do a 529 for the remaining amount after factoring in the American Opportunity Tax Credit. So it sounds like only $4,000 left, which may not be worth the trouble, but every dollar helps.
by harvestbook
Sat Apr 14, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Is an 80/20 Asset Allocation Appropriate?
Replies: 20
Views: 2974

Re: Is an 80/20 Asset Allocation Appropriate?

Looks like you've got around $1.5 million and pretty much guaranteed income for life along with a sizable expected inheritance. Even though your expenses are high, I don't see much risk no matter how you go. I'm 80/20 at age nearing 56 and I expect to not touch any of it for at least 10 to 15 years,...
by harvestbook
Sat Apr 14, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2862

Re: Aren't we betting a bit too heavily on US stocks and bonds?

Lots of cognitive bias behind it (recency bias, home bias, Dunning-Kruger effect, confirmation bias), as well as perfectly sound logic that I happen to disagree with. I'm sure the Dutch were totally hot for companies in the Netherlands in the 1600s and the British of the 1800s thought they would rul...
by harvestbook
Wed Apr 11, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 13117

Re: What is your AA, given your age? and, Why?

Age 55, 90/10 with a modified Merriman portfolio (50/50 US/intl with small, value, and REIT tilts.) No debt, so I have the ability to take more risk, and also started late, so I have the need to take more risk. Also, due to the nature of my work (writer), I have no retirement date to aim for. Most o...
by harvestbook
Wed Apr 04, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: Has anyone changed their AA/IPS/investing strategy recently?
Replies: 25
Views: 2358

Re: Has anyone changed their AA/IPS/investing strategy recently?

I date the start of the bull market to 2013 when it reached a new high, as do plenty of other folks. So it's not even "average in length" yet. Of course we could both be wrong and probably are, so I'll just get to the right place and stay there.
by harvestbook
Mon Apr 02, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finished?
Replies: 129
Views: 11204

Re: What Are Your Thoughts On The Recent Bitcoin Bust? Is It Apart of the Boom/Bust Cycle or Is The CryptoCurrency Finis

I bought $100 worth just to learn about it. I literally sold sports cards to do it!

It's probably worth less than half that now, decaying about the same rate as cards...
by harvestbook
Mon Apr 02, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Age 55, Fast Strategy to Retirement
Replies: 59
Views: 7529

Re: Age 55, Fast Strategy to Retirement

You "don't want to gamble" yet are 55 and have no health insurance?
I can't think of anything that would submarine the whole enterprise faster than a sudden (even relatively mild) health scare.
by harvestbook
Sun Apr 01, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on tax situation- optimizing w2 pay versus business income s corp
Replies: 2
Views: 238

Re: Advice on tax situation- optimizing w2 pay versus business income s corp

Roughly optimal salary would be a "take-home pay" of $18,500 plus FICA, tax withholding, etc. 25 percent company match gives you a 401k of $23,125. (Add $6k to salary if 50 or older). However, the IRS expects the salary to be in line with reasonable compensation for the field. I'd guess this would b...
by harvestbook
Thu Mar 29, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: China and EM [Emerging Market]
Replies: 30
Views: 3453

Re: China and EM

I welcome diversification and a hedge against US bias. China and India are growing at a much faster pace than the US.

Image
by harvestbook
Wed Mar 28, 2018 7:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 20130

Re: A lot of heavy hitters this morning

No matter how high or low we go, we all end up at zero.
by harvestbook
Wed Mar 28, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: S Corp Profit Contribution to Solo 401k
Replies: 11
Views: 618

Re: S Corp Profit Contribution to Solo 401k

I have a similar set-up (I make $24K base plus all the taxes, insurance etc. for catch-up contribution, and my wife gets $18k.) We run our own solo plan through Vanguard and contribute both employee and employer share monthly. I understand the limits increased by $500 for 2018 but we chose not to ch...
by harvestbook
Mon Mar 26, 2018 8:36 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9946

Re: Blasphemy... DO PEEK!

I only look on up days so I can feel smart.
by harvestbook
Tue Mar 20, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Considering a change in asset allocation; tell me if I'm approaching this the right way
Replies: 26
Views: 2685

Re: Considering a change in asset allocation; tell me if I'm approaching this the right way

When people say "You should be more conservative," they're really saying "I am more conservative than you." If you are happy and you can stick with it, just about any AA can work. Personally I always choose greater diversity when possible (so I am 50/50 US/Intl), and more aggressive (90/10 stocks/bo...
by harvestbook
Fri Mar 16, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: How does everyone here earn so much?
Replies: 131
Views: 7789

Re: How does everyone here earn so much?

I have to chuckle at the "Is it safe to retire at 66? I only have $3 million" posts. I don't really care about the numbers, since I am here for the principles instead of the personalities. That said, I don't give any input to people who claim to have or earn more than I do, because I doubt they need...
by harvestbook
Mon Feb 26, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Blasphemy... DO PEEK!
Replies: 100
Views: 9946

Re: Blasphemy... DO PEEK!

I only look on Up days so I never know my loss and I'm never scared into selling.
by harvestbook
Thu Feb 22, 2018 9:15 am
Forum: Investing - Theory, News & General
Topic: Will Emerging China Change Things for Domestic Investing?
Replies: 28
Views: 2414

Re: Will Emerging China Change Things for Domestic Investing?

I think it was Warren Buffet that said "Never bet against America." True, but few of us get to live Warren Buffet's timeline. Interesting that he and Bogle both have heavily US-centric views that don't seem as common among the younger class of "investor types who get in the press." It's almost as i...
by harvestbook
Tue Feb 20, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: Expected Returns: AQR’s Capital Market Assumptions 2018
Replies: 1
Views: 313

Re: Expected Returns: AQR’s Capital Market Assumptions 2018

How close were they before? Closer than anyone else?
Only clients can see it.
by harvestbook
Thu Feb 15, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 10459

Re: Can someone help me explain to my wife...?

Assuming she has her own IRA, give her available information, let her do what she wants, and plan on making enough for both of you in your IRA.
by harvestbook
Tue Feb 13, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Too late for 2017 tIRA to Roth conversions?
Replies: 2
Views: 254

Re: Too late for 2017 tIRA to Roth conversions?

Thanks, we were caught off guard (pleasantly so) by the large percentage of income we were able to put in solo 401ks, HSA, and tIRAs. After self-employed insurance deduction, which is a third of our annual household budget, we are likely to pay no taxes. My business has uneven income so it's harder ...
by harvestbook
Tue Feb 13, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Too late for 2017 tIRA to Roth conversions?
Replies: 2
Views: 254

Too late for 2017 tIRA to Roth conversions?

In compiling our tax records, I believe we will have a few thousand dollars in "available space" for a tax-free Roth conversion for 2017. However, my reading indicates those would have to be done by Dec. 31, 2017 (unlike contributions.) Is there any good way to use this space on 2017 taxes? I'll be ...
by harvestbook
Tue Feb 13, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: What is your passive investment sources?
Replies: 7
Views: 1386

Re: What is your passive investment sources?

It's great to start out young, and you can "afford" to take some chances, but it's also good to have a solid foundation so the risky stuff doesn't ruin you. I'd suggest a boring old total stock index fund. There aren't many true passive investments except being born rich. Most require either time, w...
by harvestbook
Tue Feb 13, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Why paying off loans would be better than fully funding 401k?
Replies: 97
Views: 7919

Re: pay off loan debt, fund 401k. Where to put $s once EF funded?

CAN SOMEONE EXPLAIN WHY MY THOUGHTS ON THIS ARE INCORRECT? I don't like carrying debt either, but... I'm trying to do what gets us ahead the most. Mathematically, funding the 401k makes the most sense. Unless I'm missing something Because the money you pay on debt interest is gone forever, and your...
by harvestbook
Sun Feb 11, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Passthrough deduction affected by solo 401k?
Replies: 40
Views: 2988

Re: Passthrough deduction affected by solo 401k?

Forbes actually has had articles with different points of view on this issue. I think we need definitive IRS guidance on when the 50% of W-2 limitation applies. Yeah I am waiting for some real-world results before I make any changes https://www.forbes.com/sites/anthonynitti/2018/01/04/the-new-quali...
by harvestbook
Thu Feb 08, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6683
Views: 1450320

Re: U.S. stocks in freefall

Drops are fine with me. This is what we get paid for. This is the job.
by harvestbook
Thu Feb 08, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401k basic question
Replies: 12
Views: 775

Re: Solo 401k basic question

There's still some confusion on how the law will actually separate the various types of self-employment income for the pass-through deduction. I'm in a similar boat, with an S-Corp that employs me and my wife and wondering whether to become a sole proprietor. We max out our solo 401ks and I'm trying...
by harvestbook
Wed Feb 07, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Why does my wife have this portfolio?
Replies: 32
Views: 4119

Re: Why does my wife have this portfolio?

She probably thinks she was doing pretty well before you came along and so why should she change now? And she does have a point. Truth is, sticking with this isn't the worst thing in the world except for the severe lack of diversification. She could pursue many worse paths, such as jumping around to...
by harvestbook
Mon Feb 05, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: "Bitcoin is my potential pension"
Replies: 54
Views: 8463

Re: "Bitcoin is my potential pension"

If you need any schadenfreude and also reassurance that the Bogle way is best, read some Bitcoin Reddit, particularly the Daily Discussion. Lots of people "buying this dip" or "selling at a loss to buy in cheaper" or "have to sell at a loss because I have to pay the money back in two weeks." https:/...
by harvestbook
Mon Feb 05, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6683
Views: 1450320

Re: U.S. stocks in freefall

I'm selling stocks and fleeing for the stability and safety of bitcoin myself.
by harvestbook
Sat Feb 03, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Blood in the water- buying?
Replies: 117
Views: 17035

Re: Blood in the water- buying?

600 dow points ain't what it used to be
by harvestbook
Fri Feb 02, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: When is it ok to quit your job and run your business full time?
Replies: 24
Views: 2401

Re: When is it ok to quit your job and run your business full time?

I'm a fool and I did it the moment I was making more than my day job and also looked at the growth and thought, "Wow, these are the kind of numbers that a bank would loan on." Not that I ever needed it. There's nothing like being your own boss, except maybe being fully retired. Go for it and don't l...
by harvestbook
Wed Jan 31, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to think about your house from a financial perspective
Replies: 89
Views: 7452

Re: How to think about your house from a financial perspective

To me, a paid-off house is simply a low-cost foundation from which to build wealth. I plan to never sell. If I do, I have a whole new set of problems and costs and hassles.
by harvestbook
Wed Jan 31, 2018 10:45 am
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2706

Re: looking for positive experiences transferring to Vanguard

I moved from Edward Jones to Vanguard in 2016 and the process was so smooth I don't remember a single thing about it. (I'd had a VG account since 2013 but the Edward Jones predated it.) The very few times I've used customer service, I've been well satisfied.