Search found 3982 matches

by Stinky
Sat May 30, 2020 9:37 am
Forum: Personal Investments
Topic: How to get rid of a few cents in IRA Money Market?
Replies: 2
Views: 141

Re: How to get rid of a few cents in IRA Money Market?

So what are some strategies? Contribute 86 more cents? Time it on the first day of the month and get in and out quickly to avoid future interest? I think this would work. You don't need to worry about "getting in and out quickly". At current money market interest rates, it would take a lot more tha...
by Stinky
Sat May 30, 2020 9:33 am
Forum: Personal Investments
Topic: Bogleheads APP?
Replies: 7
Views: 1703

Re: Bogleheads APP?

I dedicate one Chrome window, that I always keep open, to the BH Forum.

It works really well. I'm always logged in, and can navigate the Forum easily.

I believe that the status quo is just fine on my iPhone.
by Stinky
Sat May 30, 2020 9:23 am
Forum: Personal Finance (Not Investing)
Topic: paper tax returns
Replies: 9
Views: 406

Re: paper tax returns

Paper federal tax returns are still in quarantine jail, according to the IRS website. (I thought I had heard recently that some processing of them had started up.) I really like to do my taxes by hand, but sending them in electronically to the feds (my state is processing paper returns) to avoid st...
by Stinky
Sat May 30, 2020 5:14 am
Forum: Forum Issues and Administration
Topic: Political posts
Replies: 9
Views: 866

Re: Political posts

What is the line between political posts and tax policy posts? Part of portfolio management must include the fact that tax rates will change over time, especially for younger investors. This is intrinsic to the traditional vs. roth question. JMO, but ... If the reason the tax rates change are becau...
by Stinky
Sat May 30, 2020 5:07 am
Forum: Investing - Theory, News & General
Topic: Why is the market soaring?
Replies: 35
Views: 4222

Re: Why is the market soaring?

I think you mean to ask, "Why has the market soared?" I agree that this is the proper question. The past is known; the future is unknowable. When I think back to the sell off in February and March, I recall that it felt like we were staring into an abyss. We had no idea as to how serious the diseas...
by Stinky
Sat May 30, 2020 4:55 am
Forum: Personal Investments
Topic: 401k investment question
Replies: 1
Views: 111

Re: 401k investment question

Does “the default fund” have a name? These days, the default option for a workplace plan is often a target date fund, which is a mix of stock and bond funds. I’d feel comfortable moving all of your money into the US equity fund now, as there are no tax implications for changing investments within a ...
by Stinky
Fri May 29, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631341

Re: U.S. stocks in free fall

Calendar is marked for a May 25 re-start of the meltdown. Three weeks from today. It looks like we’ve dodged the meltdown bullet for now. Do you have updated guidance as to when the meltdown will start? :D Tomorrow. Just off by a few days is all. S&P is up 3% since the predicted “meltdown” began. T...
by Stinky
Fri May 29, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity in IRA for 85yr old
Replies: 1
Views: 196

Re: Annuity in IRA for 85yr old

Hi Bogleheads, I'm reaching out as I respect the input of this group more than any other. My father in law is 85 with Dementia at a facility. My mother in law, 82,has POA. Years back they got sold into an annuity and put in his IRA. Although I fell that's a horrible idea it was done before I met th...
by Stinky
Fri May 29, 2020 4:02 pm
Forum: Personal Investments
Topic: Prudent time to exit a taxable concentration on Apple?
Replies: 2
Views: 261

Re: Prudent time to exit a taxable concentration on Apple?

Congratulations on your good fortune on Apple stock. Yes, I’d exit now. If you are charitably inclined and want to save on taxes, consider contributing some part of your Apple stock to a charity or a donor advised fund. You won’t pay capital gains taxes, and you may be able to get a tax deduction fo...
by Stinky
Fri May 29, 2020 3:32 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 193
Views: 21723

Re: Roll Call for the Retirement Class of 2020!

I would like to join your roll call. This is my first post, after joining the forum yesterday. I'll be retiring later this summer after spending 34 years in law enforcement, and my wife will retire about a month before me. We are both currently reading The Bogleheads Guide to Investing, and we've b...
by Stinky
Fri May 29, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

TheTimeLord wrote:
Thu May 28, 2020 10:28 pm
Stinky wrote:
Thu May 28, 2020 3:29 pm
TheTimeLord wrote:
Thu May 28, 2020 3:14 pm
Hoping for a close of 3,052 tomorrow. Fingers crossed.
What’s the significance of 3052?
It should result in my equity allocation being exactly where I want it.
Looks like the market may not quite make your 3052. Unless there’s a strong rally in the last 30 minutes of the trading day.
by Stinky
Fri May 29, 2020 2:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

lostdog wrote:
Fri May 29, 2020 2:03 pm
Hyperchicken wrote:
Fri May 29, 2020 2:01 pm
lostdog wrote:
Fri May 29, 2020 1:52 pm
Stinky wrote:
Fri May 29, 2020 12:50 pm
The market WANTS to go up.
Not anymore.
...And now it does again! :mrgreen:

I know, I know. That's as close as we get to watching sports games.
Wow that was fast lol...
Trust my instincts.

The market WANTS to go up. For at least a little while longer.
by Stinky
Fri May 29, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Good article demonstrating why to avoid single stocks
Replies: 2
Views: 368

Re: Good article demonstrating why to avoid single stocks

Yes. Six companies that recently filed for bankruptcy.

All of them were “good” companies at one time. But, for various reasons, they can’t continue to operate outside bankruptcy now.
by Stinky
Fri May 29, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

Hyperchicken wrote:
Fri May 29, 2020 12:17 pm
Trump's press conference on China is at 2 PM Eastern.

Make your bets. :)
The market WANTS to go up.
by Stinky
Fri May 29, 2020 12:47 pm
Forum: Personal Investments
Topic: How to invest lots of maturing CDs in this investment climate
Replies: 32
Views: 18164

Re: How to invest lots of maturing CDs in this investment climate

Thanks, I've not yet looked into MYGA's, but I will now that you mention it - seen them mentioned in various threads before. I like to know easy it is to transfer funds out of the MYGA once the contracted rate expires (i.e., if there are more attractive options at that time) without adverse tax con...
by Stinky
Fri May 29, 2020 10:23 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 5882

Re: What will you NOT buy online?

unclescrooge wrote:
Fri May 29, 2020 10:21 am
jebmke wrote:
Fri May 29, 2020 9:56 am
unclescrooge wrote:
Thu May 28, 2020 11:47 pm
I even met my wife online!
Did you get a good deal?
I got a phenomenal deal!
But can you make returns if not satisfied?
by Stinky
Fri May 29, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Is investing in NYC condo even a good investment???
Replies: 12
Views: 959

Re: Is investing in NYC condo even a good investment???

This is a studio apartment in manhattan with price of 685k Monthly Tax $466 Common Charge $560 Assuming I can get 35k discount on it with 20% downpayment, I am paying around 3300 / month (with 30 year mortgage with rate of 3.3%) That is 39600 per year. Market rent for this size studio is $2500 and ...
by Stinky
Fri May 29, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Two accountants disagree - Bogleheads for the tiebreaker
Replies: 64
Views: 3581

Re: Two accountants disagree - Bogleheads for the tiebreaker

OP, is this your situation?

If so, which accountant are you going to keep? :D
by Stinky
Fri May 29, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631341

Re: U.S. stocks in free fall

Given tomorrow's news conference it certainly looks like it will shape up to be an interesting day. What news conference ? This one ... US stocks erase gains, close negative after Trump announces Friday press conference on China https://markets.businessinsider.com/news/stocks/stock-market-news-toda...
by Stinky
Thu May 28, 2020 10:07 pm
Forum: Personal Investments
Topic: Bond Fund for 60 year old
Replies: 8
Views: 1159

Re: Bond Fund for 60 year old

The only issue about VCIT is that about 53% of the assets are Baa rated bonds which is one notch above junk status. I wouldn't be surprised if some Baa rated bonds are down rated to junk over the next couple quarters with the economy probably in recession (2 quarters of negative growth). If any bon...
by Stinky
Thu May 28, 2020 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance Fees
Replies: 14
Views: 743

Re: Mortgage Refinance Fees

A family member wishes to refinance their current home mortgage. The value of the house is about 275,000 and the loan balance is about 175,000. The current rate is 4.6% for 30 years with 28 years remaining. The credit score is around 750. The new rate would be 3.5% with origination fees of just und...
by Stinky
Thu May 28, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

Tim_in_GA wrote:
Thu May 28, 2020 5:56 pm
At least my international funds saw some gains today.
Yes.

And corporate bond funds too.
by Stinky
Thu May 28, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

TheTimeLord wrote:
Thu May 28, 2020 3:14 pm
Hoping for a close of 3,052 tomorrow. Fingers crossed.
What’s the significance of 3052?
by Stinky
Thu May 28, 2020 2:14 pm
Forum: Personal Investments
Topic: First post - any advice appreciated
Replies: 9
Views: 873

Re: First post - any advice appreciated

1) Get match if residency offers 401k 2) Fund Roth every year 3) Get saver's credit for doing so this year. 4) Get lifetime learning credit this year if you paid tuition in 2020 5) Pay off debt as fast as possible 6) Save a small amount money for fellowship interviews if that's in your future You'r...
by Stinky
Thu May 28, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

The S&P has moved out of correction territory.

Who woulda thunk it?
by Stinky
Thu May 28, 2020 11:09 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 125
Views: 8537

Re: Is Vanguard's Personal Advisor Service Worth It???

This is a very important point. Many on this forum reject these types of policy and don't give the OPs a clear explanation of why. But let me modify Stinky's analogy. These policies are sold as Swiss Army Knives (e.g., life insurance, LTC, and retirement planning, all in one). While a Swiss Army Kn...
by Stinky
Thu May 28, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 5882

Re: What will you NOT buy online?

For me buying any kind of shoes takes time. (yes i am very picky about this). It takes couple trips to a store like Nike to test it and decide. So i definitely cant buy this online. You know you can buy as many as you want and return any of them right? As a fellow picky shoe person who takes a lot ...
by Stinky
Thu May 28, 2020 8:46 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

Stocks are narrowly up as I type. Another up day is upon us.

Is this still a “dead cat bounce”?
by Stinky
Thu May 28, 2020 5:28 am
Forum: Personal Investments
Topic: Order processing at Vanguard on Tuesday May 19 at 3:50 PM E.T.
Replies: 1
Views: 367

Re: Order processing at Vanguard on Tuesday May 19 at 3:50 PM E.T.

I was placing a purchase order online in my account for an Index fund VTSAX starting at 3:50 PM ET May 19 just before closing of the market. During the process the Vanguard system froze at the step where I press the Continue button to review the order before submitting and as a result I could not c...
by Stinky
Thu May 28, 2020 4:10 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 125
Views: 8537

Re: Is Vanguard's Personal Advisor Service Worth It???

It is also possible the salesman believes everything he is telling you. It is what he was trained to think. That does not make this a good product for you. But it does not make him a liar either. There is a middle ground. Wasn't there a quote by someone that went something like... It's difficult to...
by Stinky
Wed May 27, 2020 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Refinance to a 20 Year Mortgage 2.875%
Replies: 16
Views: 1152

Re: Should I Refinance to a 20 Year Mortgage 2.875%

willthrill81 wrote:
Wed May 27, 2020 4:52 pm
It looks like a no-brainer to me as long as you aren't planning on selling the home in the next couple of years.
No brainer to me too. Locking in 2.875% is awesome.
by Stinky
Wed May 27, 2020 10:07 pm
Forum: Personal Investments
Topic: Sold Stocks to Reduce Portfolio Risk
Replies: 23
Views: 1823

Re: Sold Stocks to Reduce Portfolio Risk

Hopefully your 55/45 portfolio is one that you’ll feel comfortable with for the long term - whether equity markets trade up or down.

Congratulations on such an awesome net worth at age 39. Hopefully you can join the retirement class of 2025.
by Stinky
Wed May 27, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to figure out life annuity payment amount if purchased in the future
Replies: 6
Views: 350

Re: Trying to figure out life annuity payment amount if purchased in the future

I used TIAA's tool to estimate annuity payments starting in 7 years. I have the funds I'll use in Traditional with a fixed interest rate. I assume that their tool determines what my balance will be in 7 years, and then uses that balance to determine annuity payments for an annuity purchased at that...
by Stinky
Wed May 27, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: Goldman-Sachs Compares Bitcoin to the Tulip Bubble
Replies: 35
Views: 2326

Re: Goldman-Sachs Compares Bitcoin to the Tulip Bubble

nisiprius wrote:
Wed May 27, 2020 8:54 pm
Wow.

Image
Double-wow.

Of course, bitcoin traded up 4% on Wednesday. That’ll show those smart guys at Goldman!
by Stinky
Wed May 27, 2020 5:29 pm
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 125
Views: 8537

Re: Is Vanguard's Personal Advisor Service Worth It???

@Stinky Below is the email exchange I had with my FA about my IUL today... ME: I spent some time trying to understand IULs, including my own policy. I'd admit the product is quite complex. In fact, I still don't understand mine... Nowadays, I tend to agree with folks like Warren Buffet who advise a...
by Stinky
Wed May 27, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: Morningstar on active vs passive
Replies: 6
Views: 698

Re: Morningstar on active vs passive

It must be active vs. passive week at M*. The Long View podcast this week is Charley Ellis: Why Active Investing Is Still a Loser's Game . Jack was a wonderful person and did a lot of things that were really good for a lot of people, particularly the work that has now come out through the Boglehead...
by Stinky
Wed May 27, 2020 5:10 pm
Forum: Investing - Theory, News & General
Topic: "The stocks are up but the economy's down"--good "Indicator" podcast episode
Replies: 20
Views: 2778

Re: "The stocks are up but the economy's down"--good "Indicator" podcast episode

Off topic but I've always thought it's odd that you can't invest in people. I'm sure a lot of people going into college could benefit from having the option of equity financing rather than debt financing, for example. And it would create an interesting new asset class... If you remember that equity...
by Stinky
Wed May 27, 2020 5:09 pm
Forum: Forum Issues and Administration
Topic: Bogleheads' Reading Strategies for Boglehead Forums
Replies: 21
Views: 1389

Re: Bogleheads' Reading Strategies for Boglehead Forums

Godot wrote:
Sun May 24, 2020 9:50 pm
best stinky cheese to buy at Costco
If I made cheese, it would properly be called Stinky cheese.

Signed, Stinky
by Stinky
Wed May 27, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

Befuddled. Just looked back 12 months ago, we were at 2800 and 6 months ago 3100 and 3 months ago nearly 3400. If some of the harder hit companies recover some or some more, will we see 300 points rise and be near back where we were as if nothing happened or changed? If we get back to ATH, it will ...
by Stinky
Wed May 27, 2020 1:18 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

I was just going to make a joke about the headline writers today. That guy is looking up at the indices and wondering why the headline guys can't keep up. https://i.imgur.com/OJlX6HV.jpg It's a 5 step process - gains, cut gains, loss, cut losses, gains. 5 headlines a day. Yes, there are 5 headlines...
by Stinky
Wed May 27, 2020 4:36 am
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 90
Views: 9514

Re: This article is scaring me.

The title of the article is “Ten Reasons Why A Greater Depression for the 2020’s Is Inevitable”.

A similar article could have been written at the start of each decade since the Great Depression. Yet somehow we seem to muddle through. I don’t expect this decade to be any different.
by Stinky
Wed May 27, 2020 4:26 am
Forum: Investing - Theory, News & General
Topic: Examples of why NOT to hold individual stocks
Replies: 93
Views: 7348

Re: Examples of why NOT to hold individual stocks

I like the “Nifty Fifty” from the 1980s. It was thought that you could buy these 50 stocks and hold them forever. The following list represents 18% of those stocks: Burroughs Digital Equipment Eastman Kodak Emery Air Freight Polaroid Schlitz Brewing Sears Roebuck SS Kresge Xerox Yes, I remember the...
by Stinky
Tue May 26, 2020 10:07 pm
Forum: Personal Investments
Topic: Claiming life insurance policy
Replies: 4
Views: 520

Re: Claiming life insurance policy

Definitely a question for a matrimonial attorney who knows your situation and the law in your state. Far too much at stake to make any decisions based on what you can look up yourself on the internet. +1. Talk to a lawyer. Common sense would tell me that if YOU are the beneficiary, and if you depos...
by Stinky
Tue May 26, 2020 9:44 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5720
Views: 488330

Re: U.S. stocks continue to soar!

Stinky wrote:
Mon May 25, 2020 10:43 pm
Futures are up almost 1.5%.

Will Tuesday be the day when the S&P crosses 3,000 again? :moneybag
Tuesday saw the S&P cross 3,000 to the good side, then recross back below that mark.

Tuesday night futures are up. Hopefully Wednesday will be the day when S&P crosses and holds above 3,000.
by Stinky
Tue May 26, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How is the Amazon Prime Rewards Visa Signature Card
Replies: 41
Views: 2219

Re: How is the Amazon Prime Rewards Visa Signature Card

It’s a credit card.

It works for me. No issues.
by Stinky
Tue May 26, 2020 5:03 pm
Forum: Personal Investments
Topic: Question about Edward Jones disapproval
Replies: 44
Views: 4328

Re: Question about Edward Jones disapproval

Edward Jones saga (Link formatted by moderator oldcomputerguy) Wow. I read through much of that link and it's VERY telling. I have a friend that invests through Edward Jones. I happen to know his accounts are in the high 7 figures. I've attempted to 'nudge' him towards this site - or, to Vanguard. ...
by Stinky
Tue May 26, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: does anyone have a subscription to youtube tv?
Replies: 86
Views: 4233

Re: does anyone have a subscription to youtube tv?

You Tube TV is excellent. Gets all local channels, cable sports and news, etc. I'd do it if they had Washington Nationals games, but there is no way to (legally) stream MASN yet. So, your mileage may vary with sports. Traditional cable providers still win with local sports in many areas unfortunate...
by Stinky
Tue May 26, 2020 4:30 pm
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 125
Views: 8537

Re: Is Vanguard's Personal Advisor Service Worth It???

@Stinky I have two term life insurance policies totaling 1.5M with AIG. My partner has a 500k term life insurance policy with SBLI. My advisor said the IUL was primarily for providing LTC. Per my Nationwide YourLife® Indexed UL Protector policy doc, the surrender charge is $11274.00 indeed. I under...
by Stinky
Tue May 26, 2020 3:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 18828
Views: 2631341

Re: U.S. stocks in free fall

Kookaburra wrote:
Mon May 04, 2020 8:55 pm
Calendar is marked for a May 25 re-start of the meltdown. Three weeks from today.
It looks like we’ve dodged the meltdown bullet for now.

Do you have updated guidance as to when the meltdown will start? :D