Search found 44 matches

by FoolMeOnce
Fri Oct 06, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 19
Views: 2001

Re: personal capital

I use the website and app. I did the video call pitch once. It was interesting to hear, and they are very transparent in sharing their equal sector weighting strategy with you, but the fee is quite high. It is higher than robos because they see themselves as not being a robo service. And, true, you ...
by FoolMeOnce
Fri Sep 22, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12495

Re: Any "average Joe" here actually make out well with individual stocks?

We used to have an advisor who did quite well for us with individual stocks, but are now trying to shift toward a three fund portfolio. The only three picks I directed were HP (terrible) , BRKB (good), and Tesla (great). The good thing is that the downside is limited to 100% while the upside is unli...
by FoolMeOnce
Sat Aug 12, 2017 7:12 am
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 1955

Re: Redfin

There seems to be some misunderstanding about Redfin's services. From our experience both buying and selling with them, they are essentially a full service real estate broker with reduced fees and better technology. They handle negotiations, provide photography for the listing (and now 360 views), h...
by FoolMeOnce
Sun Jul 30, 2017 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Tesla - next big lottery ticket ?
Replies: 177
Views: 17427

Re: Tesla - next big lottery ticket ?

Prettybogle, you were worried about a $100/month (and even a $30/month) increase in your rent, but now you have $5k of play money to throw at a popular stock? Sorry, but you missed the party. If you could go back five years and buy at 18, sure. But an overheated 350? There just doesn't seem to be mu...
by FoolMeOnce
Fri Jul 28, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 401k/IRA - Change Funds/Allocation Help
Replies: 7
Views: 483

Re: 401k/IRA - Change Funds/Allocation Help

Good for you for getting serious about this stuff at a young age. I'll let more informed and experienced posters give guidance on picking funds (though VINIX looks good and I'd run away from those .80+ ERs...). But I want to address what you said here: But I've always had a larger 401k and figured t...
by FoolMeOnce
Fri Jul 28, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9739

Re: Is it still worth buying a house in a state with insane property taxes

CPS is not so good except for the magnet/charter schools. I disagree. CPS has lots of good K-8 schools that are not magnet/charter. Some are among the top in the State, like Coonley and Blaine (Bell, Burley, etc, etc). Though the home prices in some of those zones are quite high, and class sizes ar...
by FoolMeOnce
Thu Jul 27, 2017 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9739

Re: Is it still worth buying a house in a state with insane property taxes

Taxes on even a modest home can be $10k per year. At $10k per year in Chicago, the house would be around $800k. Perhaps this is the suburbs, which I believe generally have higher tax burdens than Cook County. If you are looking out in a collar county, come on in closer! I'm in Cook County, in one o...
by FoolMeOnce
Wed Jul 26, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 10683

Re: Is Amazon Prime worth it?

Worth it to us. We but a lot though Amazon. Using monthly subscribe and save (Prime not required) we get 15% off recurring orders, which is great when you regularly need diapers, wipes, baby food/formula, and can tack on some staples like cereals and snacks. With Amazon Prime Visa, we get another 5%...
by FoolMeOnce
Wed Jul 26, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 9739

Re: Is it still worth buying a house in a state with insane property taxes

sschoe2 wrote:Taxes on even a modest home can be $10k per year.
At $10k per year in Chicago, the house would be around $800k. Perhaps this is the suburbs, which I believe generally have higher tax burdens than Cook County. If you are looking out in a collar county, come on in closer!
by FoolMeOnce
Tue Jul 25, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Have a newborn, trying to figure out investments
Replies: 12
Views: 838

Re: Have a newborn, trying to figure out investments

If you think you will have additional children, the funds in kid #1's 529 account can be used for the next kid(s). So it might not necessarily be wasted on the non-qualified withdrawal penalty if kid #1 does not pursue higher education. You could then just give gifts to balance out the financial hel...
by FoolMeOnce
Sat Jul 15, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing here? [I'm a bachelor]
Replies: 51
Views: 3682

Re: What am I missing here? [I'm a bachelor]

Here are a couple of posts arguing that renting > buying, from a financial standpoint. http://jlcollinsnh.com/2012/02/23/rent-v-owning-your-home-opportunity-cost-and-running-some-numbers/ http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ We've owned a condo and now a single ...
by FoolMeOnce
Fri Jul 14, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Please comment on the relative merits of these two portfolios.
Replies: 14
Views: 1227

Re: Please comment on the relative merits of these two portfolios.

$120,000 (40% of total) in taxable account. - VTSAX Vanguard Total Stock Market Index Fund Admiral Shares, ER = 0.04% $30,000 (10% of total) in rollover IRA - VTIAX Vanguard Total International Stock Index Fund Admiral Shares, ER = 0.11% ..... 25% of stocks in international. Isn't this 20% in inter...
by FoolMeOnce
Wed Jul 12, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of real estate agent for buying new construction?
Replies: 25
Views: 1482

Re: Benefits of real estate agent for buying new construction?

If Redfin is available in your area, you can try an agent with them. Their agents are salaried, so have less incentive to push you into just any old purchase (I believe bonuses are based on a mix of client satisfaction and sales). And they refund some of the commission to you. We used them for our s...
by FoolMeOnce
Mon Jul 10, 2017 1:06 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 20086

Re: Buying house - Very important decision

Our thinking behind 535k is it is "only" 80k higher than that and we get brand new house. I'd prefer ten-year-old to brand new. That allows time to get the kinks and defects worked out. Brand new will cost more up front, and could likely cost more dealing with problems that take some time to discov...
by FoolMeOnce
Mon Jun 26, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 54
Views: 4474

Re: irrevocable trust for children receiving an inheritance

In my example, the grandchild can become a trustee, and can remove and replace his/her co-trustee (provided the replacement trustee is not a close relative or subordinate employee). However, if the grandchild wants a distribution, he/she can't vote on it. That decision has to be made by the other t...
by FoolMeOnce
Thu Jun 22, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: advisors and fiduciary
Replies: 2
Views: 320

Re: advisors and fiduciary

The existence of an incentive that could be at odds with the client's best interest does not mean one is not or cannot be a fiduciary. Bring a fiduciary means the advisor is supposed to put the client's interests ahead of those incentives.
by FoolMeOnce
Tue Jun 20, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Financial advisor question
Replies: 58
Views: 5138

Re: Financial advisor question

In response to your primary question, yes, you should easily be able to find out how much the advisor is charging. The advisor should be able to tell you directly, without blending it into fund expense ratios. That sounds incredibly suspect to me. The management fees should show up on your statement...
by FoolMeOnce
Sun Jun 18, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 21
Views: 2660

Re: Unexpected raise while househunting-- should I change my budget?

You are 29, single, with no kids. That can change quickly over the next five years (unless you aren't interested in family life). You might be looking for a family home, or a home in a new city, in short time. I'd keep the budget the same and save the raise, and perhaps treat yourself to some spendi...
by FoolMeOnce
Fri Jun 16, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Illinois 529 plan - any risk
Replies: 3
Views: 627

Re: Illinois 529 plan - any risk

Under current law, states cannot file for bankruptcy.
by FoolMeOnce
Wed Jun 14, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Just married - start a joint taxable account?
Replies: 18
Views: 1418

Re: Just married - start a joint taxable account?

Legally - If you get divorced, you each get half of the marital estate. You may be liable for each other's debts. I'm pretty sure that varies by state. In some states, all property owned by either spouse is considered joint marital property, in others only property acquired after the marriage is co...
by FoolMeOnce
Sat Jun 10, 2017 12:02 am
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 5322

Re: (Very) Early Retirement vs Parenthood

We were ambivalent - not about having kids, but rather about when. We knew we wanted a family with a couple kids, but as friends and family around us started having kids, we didn't feel like the time was right. Eventually we decided that though the time doesn't feel right, it might never feel right,...
by FoolMeOnce
Fri Jun 09, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation With Highest Historical Safe Withdrawal Rate
Replies: 6
Views: 1144

Re: Asset Allocation With Highest Historical Safe Withdrawal Rate

This chart plots the success rate of various withdrawal rates against different time horizons and asset allocations. The entire series at that site, Early Retirement Now, is helpful, if a bit dense and technical at times. https://earlyretirementnowdotcom.files.wordpress.com/2016/11/swr-part1-table1....
by FoolMeOnce
Fri Jun 02, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 23976

Re: KF's Worst Case Retirement Plan

You are proposing a 6% WD rate for 8 years until SS, then probably continuing at about 6% withdrawing $30k from the remaining $520 or so? It sounds risky to me. Without the mortgage it would be more acceptable. But otherwise early retirement doesn't sound like great idea (unless there is a pension ...
by FoolMeOnce
Fri Jun 02, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: 401K match question
Replies: 13
Views: 681

Re: 401K match question

Okay so say I max out my 401k and contribute $18,000. They would match 1.5% of that? Am I understanding correctly or completely wrong? Understand the cliff vesting part now, thanks for explaining that. I don't think so. Their match is based on your compensation, not your contribution (though you al...
by FoolMeOnce
Wed May 31, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 3147

Re: Academic Question on a real world situation

cresive was told of the ERN series in a previous thread. I think cresive's reading of the ERN articles prompted cresive to start this thread. Ah, so your earlier comment hits the nail on the head. A withdrawal rate of 3.33% is much safer in light of ERN's findings. The OP is just adding a little un...
by FoolMeOnce
Wed May 31, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 3147

Re: Academic Question on a real world situation

Here is a detailed series evaluating safe withdrawal rates at different allocations and reviewing the leading study on the 4% SWR. https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ I'm​ sure there are critiques of this critique, but I haven't found t...
by FoolMeOnce
Fri May 26, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: When to start talking to older parents regarding their finances (and how to do it?)
Replies: 37
Views: 4460

Re: When to start talking to older parents regarding their finances (and how to do it?)

There are at least 2 things adult children should know from their parents: - If you live a long life, will you be needing financial support from me? - If you drop dead tomorrow, how have you documented what you want done with your stuff? That doesn't presume that the parents need any help at all, o...
by FoolMeOnce
Mon May 22, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: What goes in your smoothie?
Replies: 45
Views: 3426

Re: What goes in your smoothie?

Greens, cashews, yogurt, almond milk, fresh mint, vanilla extract, and a few chocolate chips or similar. Banana and/or avocado optional. Tastes like a mint chocolate chip shake (if you squint).
by FoolMeOnce
Thu May 18, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 3470

Re: Life's big ticket items to save for

1. How much/what are you doing for daycare? Have seen numbers posted that people pay for daycare that seem very high. 2. In a similar sense, what will they be doing for school? Public or Private? I have seen numbers posted that people pay for elementary, middle school, and high school that seem ver...
by FoolMeOnce
Fri Apr 28, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Account Aggregation tools?
Replies: 24
Views: 2802

Re: Account Aggregation tools?

Personal Capital's free tools are quite good for this, but you need to provide your account login details. If you have significant assets, you'll have to decline their request for a sales pitch. Or listen to it - I let a guy give me a presentation for an hour just as a learning experience, but he ha...
by FoolMeOnce
Thu Apr 27, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Question on realized cap gain / estimated taxes
Replies: 16
Views: 904

Re: Question on realized cap gain / estimated taxes

The 110% safe harbor threshold can be reached just through withholdings, right? Or does it also require quarterly estimated payments?
by FoolMeOnce
Wed Apr 26, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

My takeaways are: 1) take a few years to unwind to stay in the 15% LTCG bracket Just a note on that: Your tax bracket is determined entirely by ordinary income (salary, interest, ordinary dividends, short-term cap gains)... I think we all have a similar understanding, but this is where we went off ...
by FoolMeOnce
Wed Apr 26, 2017 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

So if the OP has a regular job and he has a salary that puts him/her in the 25% bracket, he doesn't need to worry that adding say 100k in LTCG is going to push him into the 33% (or higher) bracket. He will pay the same marginal taxes on his income. But of course his cap gains will all be taxed at 1...
by FoolMeOnce
Wed Apr 26, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

My takeaways are: 1) take a few years to unwind to stay in the 15% LTCG bracket Just a note on that: Your tax bracket is determined entirely by ordinary income (salary, interest, ordinary dividends, short-term cap gains). If your stock and other holdings are all long term, it will have no effect up...
by FoolMeOnce
Wed Apr 26, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

Thanks for the in-depth response, TD2626. I appreciate it. It is definitely far too many holdings for me to handle (especially since I have never conducted a purchase or sale before). And I'm willing to pay a bit of a premium in taxes to simplify things up front, but not too much of a premium. Going...
by FoolMeOnce
Wed Apr 26, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

I edited my most recent response to add a priority of selling funds with high ERs. I think this will be something like eating an elephant. One bite at a time. Ha! One other idea is to watch for shares to sell rather than an entire holding. Another good idea. More recent shares should be easier to of...
by FoolMeOnce
Wed Apr 26, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

Re: $1m capital gains, worth it to simplify and index?

Thanks, folks. There are barely any losses available. The gains I mentioned are net. I like this idea: One of the first things I would do would be to sort the stocks by their dollar value as a percent of your portfolio. If any have grown to be more than 5% of your portfolio then I would focus on sel...
by FoolMeOnce
Tue Apr 25, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 4699

$1m capital gains, worth it to simplify and index?

I apologize if this is repetitive - there is a similar post from a couple months ago, but that OP was dealing with smaller gains and was already in good, low-cost funds and just wanted to make it even simpler. Also, I am aware this is a good problem to have. I'm 36, wife 35. Marginal rate of 25%. We...
by FoolMeOnce
Tue Apr 25, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Recent transfers to Vanguard, cost-basis success?
Replies: 17
Views: 1410

Re: Recent transfers to Vanguard, cost-basis success?

livesoft wrote:Just to clarify: Vanguard, TDAmeritrade, and many other brokers allow for free automatic reinvestment of dividends from ETFs, mutual funds, and stocks --- even if it results in partial shares of said ETFs, stocks, and mutual funds.


The learning process continues...
by FoolMeOnce
Tue Apr 25, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Recent transfers to Vanguard, cost-basis success?
Replies: 17
Views: 1410

Re: Recent tranfers to Vanguard, cost-basis success?

2. ETFs can have dividends automatically reinvested for free. I did not know this. I searched all over Vanguard's site and could not figure out whether auto reinvesting was available for ETFs or just mutual funds. I thought perhaps just mutual funds due to the ability to purchase partial shares. I ...
by FoolMeOnce
Mon Apr 24, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Recent transfers to Vanguard, cost-basis success?
Replies: 17
Views: 1410

Re: Recent tranfers to Vanguard, cost-basis success?

Then transfer the Vanguard ETFs in-kind to Vanguard and switch to funds at Vanguard when you get to that point. My understanding was that you can convert mutual fund shares at Vanguard to ETFs but not the other way around. Right? I'd like automatic reinvestment of dividends and the ease of purchasi...
by FoolMeOnce
Mon Apr 24, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Recent transfers to Vanguard, cost-basis success?
Replies: 17
Views: 1410

Re: Recent tranfers to Vanguard, cost-basis success?

Thanks for the suggestions. I'll definitely print out a full cost-basis report before making any moves. As for handling the sales and buys myself at TDA, my goal is to use Vanguard's mutual funds rather than ETFs to take advantage of the dual structure there: ease of investing for the funds, tax eff...
by FoolMeOnce
Mon Apr 24, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Recent transfers to Vanguard, cost-basis success?
Replies: 17
Views: 1410

Recent transfers to Vanguard, cost-basis success?

Hello, My wife and I have various advised accounts for which TD Ameritrade is the custodian. We plan to start managing our own money, move to Vanguard, and shift into a three or four fund portfolio. We have over 100 different holdings, most with long-term gains, and a significant portion of which ar...