Search found 92 matches

by 2commaBH
Tue Apr 28, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 92
Views: 6025

Re: Carrying a big long mortgage

I love my big, long mortgage and have happily set it on AutoPay for the next ~30 years (full disclosure: I happen to have a killer rate and low LTV due to market appreciation). I do get the maximum tax benefit due to my tax bracket and the grandfathering provisions, and I think I can easily long-ter...
by 2commaBH
Sat Feb 22, 2020 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What does Morgan Stanley take over of e-trade mean for investor bonuses...
Replies: 11
Views: 1757

Re: What does Morgan Stanley take over of e-trade mean for investor bonuses...

I'm guessing it will mean continued bonuses (loss leaders) but very low cash sweep yields and other "hidden" revenue. TANSTAAFL.
by 2commaBH
Sat Feb 22, 2020 11:16 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5639

Re: San Francisco with a Family

It’s important to realize that most of the people here responded based on the city of San Francisco, not the suburbs. At that income, and assuming you’re commuting to downtown SF, I’d live in Tiburon, Mill Valley or Larkspur and take the ferry. You won’t find a more beautiful place, and its very sa...
by 2commaBH
Fri Feb 21, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5639

Re: San Francisco with a Family

Echo what others said about the areas just outside SF proper. Oakland hills/Rockridge is another option, if you are willing to do private schools. Shorter BART ride, more moderate weather, better restaurant/nightlife options. You didn't say what industry you were in, but if it is likely that additio...
by 2commaBH
Tue Feb 18, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any ideas for a little extra money each year?
Replies: 34
Views: 3065

Re: Any ideas for a little extra money each year?

Ask for discounts. You'll be surprised how often this works. Not at the checkout counter at Target, but when buying goods and services in other channels, a simple "is there any discount or special offer right now?" can cut 10% or more off your purchase. You just have to ask.
by 2commaBH
Sun Feb 09, 2020 7:16 pm
Forum: Personal Investments
Topic: How does my plan look? $1 million income.
Replies: 53
Views: 8925

Re: How does my plan look? $1 million income.

I urge you to stay connected to your profession, stay connected to life-long learning, to volunteer for professional organizations, so that if you have to go back to work you'll have a visibility and a network, you have recently acquired knowledge. These things pay dividends. I'm in Oil & Gas, have...
by 2commaBH
Mon Jan 27, 2020 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Re: Auto-pay from settlement fund?

This used to be called VanguardAdvantage. It was discontinued last year. Assuming your mortgage payment is a fixed amount, you can create a reasonable proxy for what you want by establishing an automatic withdrawal with proceeds diverted to your high yield account. You essentially treat the externa...
by 2commaBH
Sun Jan 26, 2020 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Re: Auto-pay from settlement fund?

This used to be called VanguardAdvantage. It was discontinued last year. Assuming your mortgage payment is a fixed amount, you can create a reasonable proxy for what you want by establishing an automatic withdrawal with proceeds diverted to your high yield account. You essentially treat the externa...
by 2commaBH
Sun Jan 26, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Re: Auto-pay from settlement fund?

Can easily be done at Fidelity with the combo cash management and brokerage account it appears Vanguard doesn’t allow it. Thanks, to confirm - at Fidelity you can have bills auto-debited from a brokerage account? I guess I could move all my VG assets to Fidelity and eliminate both PNC and Vanguard ...
by 2commaBH
Sun Jan 26, 2020 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Re: Auto-pay from settlement fund?

Thanks for the replies. I already have a bank (Citi) that I use for the regular bank stuff. I don't really want to switch that. The challenge is that Citi's yield is lousy, so I created another savings account at PNC to get some more yield, and that's where the mortgage pulls from. It turns out VG's...
by 2commaBH
Sun Jan 26, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Re: Auto-pay from settlement fund?

Gill wrote:
Sun Jan 26, 2020 11:38 am
You can't do it. The only payments that can be made from the account are directly to you or to an account of yours.
Gill
Thanks. I thought that might be the case, bummer.
by 2commaBH
Sun Jan 26, 2020 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Auto-pay from settlement fund?
Replies: 12
Views: 783

Auto-pay from settlement fund?

Has anyone been able to set up a monthly auto-pay to their mortgage from their Vanguard settlement fund? I have an auto pay set up from a "high-yield" savings account at a bank but am trying to make things even simpler. Also would love any suggestions on how to send dividends/interest income from a ...
by 2commaBH
Fri Jan 24, 2020 12:19 pm
Forum: Personal Investments
Topic: Helping mom ditch her advisor
Replies: 14
Views: 1339

Re: Helping mom ditch her advisor

I had success in getting my octogenarian parents to switch to a BH portfolio. I simply explained to them how I handled my Vanguard assets (tax efficient 3 fund portfolio) and offered to do the same for them. They set me up with access to their Vanguard accounts, and I worked with them on transferrin...
by 2commaBH
Thu Jan 23, 2020 9:00 pm
Forum: Personal Investments
Topic: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]
Replies: 33
Views: 2436

Re: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]

People much smarter than me consistently tell me that liquid alts are a sucker's bet, presumably because the retail versions bear little resemblance to the true alternatives available to AIs and QPs. One person likened it to Olive Garden vs a hidden jewel family restaurant in Siena. I haven't done ...
by 2commaBH
Wed Jan 22, 2020 10:39 pm
Forum: Personal Investments
Topic: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]
Replies: 33
Views: 2436

Re: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]

People much smarter than me consistently tell me that liquid alts are a sucker's bet, presumably because the retail versions bear little resemblance to the true alternatives available to AIs and QPs. One person likened it to Olive Garden vs a hidden jewel family restaurant in Siena. I haven't done ...
by 2commaBH
Wed Jan 22, 2020 8:56 pm
Forum: Personal Investments
Topic: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]
Replies: 33
Views: 2436

Re: Retirement: Thoughts on Asset Allocation [trigger warning--alternatives mentioned]

People much smarter than me consistently tell me that liquid alts are a sucker's bet, presumably because the retail versions bear little resemblance to the true alternatives available to AIs and QPs. One person likened it to Olive Garden vs a hidden jewel family restaurant in Siena. I haven't done t...
by 2commaBH
Tue Dec 31, 2019 1:35 pm
Forum: Personal Investments
Topic: 1st time selling covered call options - no brainer?
Replies: 5
Views: 414

Re: 1st time selling covered call options - no brainer?

I sell covered calls from time to time for income inside of tax-preferred accounts. Not a no-brainer, but it can work well for awhile. Some have likened it to picking up nickels in front of a steamroller.
by 2commaBH
Wed Dec 25, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: My Christmas Gift to You Seventy-Five Years Ago
Replies: 74
Views: 7006

Re: My Christmas Gift to You Seventy-Five Years Ago

Thank you and Merry Christmas to all!
by 2commaBH
Fri Dec 20, 2019 11:09 pm
Forum: Personal Investments
Topic: 1.5 mil to invest for 10 days
Replies: 7
Views: 2060

Re: 1.5 mil to invest for 10 days

At that amount, you should call your banker or a few mid-size banks you have relationships with. They will give you better than the quoted rates, especially if you are keeping it there through 12/31.
by 2commaBH
Fri Dec 20, 2019 12:20 pm
Forum: Personal Investments
Topic: Advice on portfolio after windfall at youngish age
Replies: 11
Views: 1304

Re: Advice on portfolio after windfall at youngish age

Agree with comments above. With your high bond/cash holding, paying off your mortgage makes a lot of sense. Your after-tax earnings on invested cash is less than your after-tax mortgage rate. I understand the after-tax point, but I'm just curious if the LTV on OP's mortgage matters at all for you? ...
by 2commaBH
Fri Dec 20, 2019 12:15 pm
Forum: Personal Investments
Topic: Huge loss on FDX single stock
Replies: 78
Views: 5259

Re: Huge loss on FDX single stock

Another vote for sell so that you can TLH and deploy the capital elsewhere. Otherwise, you will go nuts watching FDX slowly and painfully go back up to your break-even price over the next very many years. Or even, worse, it won't. But even if it does, think of the opportunity cost lost (and I can al...
by 2commaBH
Fri Dec 20, 2019 11:42 am
Forum: Personal Investments
Topic: Advice on portfolio after windfall at youngish age
Replies: 11
Views: 1304

Re: Advice on portfolio after windfall at youngish age

Agree you are in good shape, a few thoughts for you: - If you are going to manage yourself, you could probably save a tiny slice of expenses by dropping the target date fund in your 401k and instead handling your own asset allocation - Understand the desire to reduce tax burden, but $1M in CA bonds...
by 2commaBH
Fri Dec 20, 2019 11:38 am
Forum: Personal Investments
Topic: Advice on portfolio after windfall at youngish age
Replies: 11
Views: 1304

Re: Advice on portfolio after windfall at youngish age

Agree you are in good shape, a few thoughts for you: - If you are going to manage yourself, you could probably save a tiny slice of expenses by dropping the target date fund in your 401k and instead handling your own asset allocation - Understand the desire to reduce tax burden, but $1M in CA bonds ...
by 2commaBH
Mon Oct 07, 2019 10:26 pm
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 9360

Re: Anyone here has more 200k in a single stock ?

Vanguard wrote a really good, detailed paper on this. Particularly targeted at investors who've accumulated *very* large positions in individual stocks, potentially representing a big part of their portfolio (e.g., through employee stock options, stock grants, etc.). https://personal.vanguard.com/p...
by 2commaBH
Sun Oct 06, 2019 4:18 pm
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 709

Re: Tax-deferred options for part-time employee?

Backdoor Roth IRA contributions are just as good as Roth contributions under the limits. The only complication if if she already has a traditional IRA to confuse things with pro-rata rules. In that case, I'd probably look at the size of the traditional IRA position and consider whether it's worthwh...
by 2commaBH
Sun Oct 06, 2019 2:59 pm
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 709

Re: Tax-deferred options for part-time employee?

Silk McCue wrote:
Sun Oct 06, 2019 10:49 am
She definitely can’t do a SEP IRA.

Are you able to do a Backdoor Roth? If not, then she should invest in a very tax efficient Taxable account.

Cheers
Thank you. Backdoor Roth isn't a viable option.
by 2commaBH
Sun Oct 06, 2019 10:37 am
Forum: Personal Investments
Topic: Tax-deferred options for part-time employee?
Replies: 10
Views: 709

Tax-deferred options for part-time employee?

My wife recently switched from full-time to part-time employee (still W2). The number of hours she works (10/wk) is below the threshold to qualify for the company's 401k, but since she is not self-employed, I don't think she would be eligible for a SEP-IRA. Are there other options for her to invest ...
by 2commaBH
Sat Oct 05, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17463

Re: How many are switching from Fidelity?

Schwab is offering you a promo: https://www.schwab.com/public/schwab/nn/investor_reward.html Bonus tiers: $200 bonus for $50,000–$99,999 deposit $300 bonus for $100,000–$249,999 deposit $600 bonus for $250,000–$499,999 deposit $1,200 bonus for $500,000–$999,999 deposit $2,500 bonus for $1,000,000+ ...
by 2commaBH
Sat Oct 05, 2019 10:27 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17463

Re: How many are switching from Fidelity?

I am waiting to see what Fidelity does (someone else said Nov 1, I will likely not wait that long - if they don't cut by 10/15 I don't think they will). I have a few accounts at Fidelity, although the bulk of our assets are at VG. One of the accounts at Fidelity is my "play account", where I do a g...
by 2commaBH
Sat Oct 05, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 17463

Re: How many are switching from Fidelity?

I am waiting to see what Fidelity does (someone else said Nov 1, I will likely not wait that long - if they don't cut by 10/15 I don't think they will). I have a few accounts at Fidelity, although the bulk of our assets are at VG. One of the accounts at Fidelity is my "play account", where I do a go...
by 2commaBH
Wed Oct 02, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15401

Re: Willingly going from lucrative job to unemployed?

It seems like there are really 2 questions in 1 here: (1) Do I have enough money to FI and (2) I hate my job, what should I do? To the latter, I can offer a story from my life for you: I was in a very lucrative, highly-sought after job that was making me completely miserable. I also envied the hourl...
by 2commaBH
Mon Sep 30, 2019 2:12 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 32343

Re: VTIAX International fund - should I give up on it?

Sorry if this is a dumb question, but I would think that if international provided diversification benefits we'd see it in the historical performance, no? Instead when I look at a chart of VTIAX and VTSAX across the life of both, they seem largely in sync and correlated to me. What am I missing? Co...
by 2commaBH
Sun Sep 29, 2019 8:16 pm
Forum: Personal Investments
Topic: VTIAX International fund - should I give up on it?
Replies: 297
Views: 32343

Re: VTIAX International fund - should I give up on it?

The data supports international diversification. Vanguard whitepapers for instance show volatility reductions from 0 to 40% intl, and they recommend anywhere from 20-50%. More research into this should lead one not to discard but rather to embrace global investing. Sorry if this is a dumb question,...
by 2commaBH
Sun Sep 22, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 9292

Re: Overpaid for my house, next options?

Considering what is done is done, I want some help with looking at the options rationally - considering I definitely want to move to a nicer neighbourhood/good schools in 5ish years Or move out of the bay area. If plan was to move in 5 years, buying a home really didn't seem necessary (to me). In f...
by 2commaBH
Sat Sep 14, 2019 12:02 pm
Forum: Personal Investments
Topic: Using options to protect the portfolio?
Replies: 6
Views: 601

Re: Using options to protect the portfolio?

My portfolio is an aggressive 85/15, but I've been OK with it, as I view the business as a large cash position, which it would become on liquidation. I guess it may depend a bit on the nature of the business, but I am curious why you feel like the business's value is not correlated with the equity ...
by 2commaBH
Fri Sep 13, 2019 7:27 pm
Forum: Personal Investments
Topic: Low fee Private Equity / Alternative Investing Approach
Replies: 13
Views: 1805

Re: Low fee Private Equity / Alternative Investing Approach

I have some experience in the PE space. IMO it is a difficult space to get exposure to in a way that doesn't involve a substantial commitment and privileged access. Liquid alternatives (which one person mentioned above) have been poor substitutes to date for traditional PE. If you wait 5 years, my b...
by 2commaBH
Sun Sep 08, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of elderly parents' home
Replies: 43
Views: 3744

Re: Sale of elderly parents' home

Update: In case people are curious how this turned out, my parents decided they wanted to pay down the new house mortgage principal with the proceeds from the old house sale, but not worry about a recast at this time. There's a nominal fee to recast, and they can comfortably make the mortgage paymen...
by 2commaBH
Sun Sep 08, 2019 7:15 pm
Forum: Personal Consumer Issues
Topic: Going desktop-less?
Replies: 54
Views: 3947

Going desktop-less?

We are taking the plunge and moving to a desktop-less home environment (laptops/tablets only). The plan would be to backup our computer drives (music/photos/some documents) to the cloud and also a portable hard drive and to have one Windows and one Apple laptop. No special computing needs for us. Ha...
by 2commaBH
Thu Sep 05, 2019 8:00 pm
Forum: Personal Investments
Topic: Does a FA make sense at a certain portfolio level?
Replies: 53
Views: 4583

Re: Does a FA make sense at a certain portfolio level?

I think at the UHNW level it could start to make sense for some to assist with specific needs such as tax structuring, diversification/hedging of risk, access to alternatives, etc.
by 2commaBH
Mon Sep 02, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Living in the Bay Area, got an offer in LA: negotiation help wanted
Replies: 15
Views: 1918

Re: Living in the Bay Area, got an offer in LA: negotiation help wanted

Someone once told me - be sure you want the job you are getting, not the job you are hoping for.

From what you have told me, if I were in your shoes I would keep looking.
by 2commaBH
Sun Aug 04, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 16402

Re: Why won’t anyone hire me?

Someone once told me, if you get an interview that means you have passed the qualifications/experience threshold. Then it is about fit. Research the company you are applying for and arrive 5-10 minutes early (more than that is awkward). Be comfortable, respectful and positive in the interview. Let t...
by 2commaBH
Sat Jul 27, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 127
Views: 12457

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

doula, lactation help, If planning on using breastmilk/breastfeeding-I thought that having a lactation certified doula with my first was an invaluable expenditure. That first week, unexpectedly, is really stressful not with getting the baby to sleep...but with feeding it. Come to find out, it's not...
by 2commaBH
Fri Jul 26, 2019 8:34 pm
Forum: Personal Consumer Issues
Topic: Quelling Car Fever
Replies: 57
Views: 3550

Re: Quelling Car Fever

You are getting a lot of car advice from non-car people. If you decide to buy a fun car in that price range, I would go with the 2016 Cadillac ATS. Much more sporty than the Lexus for the same price or less. Over the course of your life, you will earn several million dollars. Do you want to look ba...
by 2commaBH
Fri Jul 26, 2019 8:30 pm
Forum: Personal Investments
Topic: What to do with large pre-tax cash balance? Paralyzed...
Replies: 12
Views: 1735

Re: What to do with large pre-tax cash balance? Paralyzed...

Don't beat yourself up - the past is in the past, don't let it impact doing the right thing from now forward!
by 2commaBH
Fri Jul 26, 2019 7:11 pm
Forum: Personal Investments
Topic: What rate of return do you use when calculating long term investments?
Replies: 32
Views: 3256

Re: What rate of return do you use when calculating long term investments?

Assuming you don't want to put a finger and artificially underestimate as some here have suggested. I use 6% nominal, which happens to be what we've received on our 3-fund portfolio over the last many years (at VG website you can see your personal returns since inception in many permutations).
by 2commaBH
Tue Jul 23, 2019 8:10 pm
Forum: Personal Investments
Topic: moved my wifes 401K account from big brokerage handled by money mgr
Replies: 28
Views: 1742

Re: moved my wifes 401K account from big brokerage handled by money mgr

Wiggums wrote:
Tue Jul 23, 2019 5:27 pm
Stinky wrote:
Tue Jul 23, 2019 5:10 pm
FalconMan wrote:
Tue Jul 23, 2019 4:31 pm


all other accounts for the most part are 60/40 stocks/bonds & etc. Thats where we want to be
You could go 60% VTSAX and 40% VBTLX and call it a day.
+100
This (although I would use ETFs rather than MFs).
by 2commaBH
Tue Jul 23, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best Mortgage for High Net Worth? 20% down then HELOC the 80% balance?
Replies: 17
Views: 1690

Re: Best Mortgage for High Net Worth? 20% down then HELOC the 80% balance?

I agree that 6% seems quite high. I would also look into whether you would get maximum deductibility of interest paid on the HELOC; on a traditional mortgage, assuming you itemize, you may be able to deduct significantly more.
by 2commaBH
Sun Jul 21, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Acquisition - Key Person
Replies: 21
Views: 2402

Re: Corporate Acquisition - Key Person

Underlining the point on post-employment restrictions some other posters made. You should consult a local lawyer if possible. You may be able to negotiate certain things (taking a small team you built with you if you leave, etc). Economics are usually fairly baked and back-ended.
by 2commaBH
Wed Jul 17, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How unpleasant is the home buying/selling experience??
Replies: 40
Views: 4132

Re: How unpleasant is the home buying/selling experience??

Another vote for option 2. Short holds on illiquid assets with high transaction costs (5-7% transaction fee) aren't a good idea.
by 2commaBH
Mon Jul 15, 2019 9:12 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2616

Re: Grandparent 529s

Parent's perspective here: my parents have for years gifted to Nevada VG 529s in my name that list my children as beneficiaries. We plan to have them continue to contribute for another 5 years or so then coast on investment returns. We are shooting to be able to pay 80% of expected private college c...