Search found 211 matches

by BigMoneyNoWhammies
Mon Aug 19, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14188

Re: Selective Colleges

They will have a huge leg up because mommy and daddy are college graduates have been successful enough that they won't have to worry about working full-time to pay for it like we did. They've also grown up in a home where education is stressed and we do our best to model hard work. The rest is up t...
by BigMoneyNoWhammies
Mon Aug 19, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Selective Colleges
Replies: 296
Views: 14188

Re: Selective Colleges

Ivy league grad here who finished in the relatively recent past (Harvard just over a decade ago). I'd say based on my experience much of what you say is accurate. For me, the biggest differences between my classmates and I vs. friends of mine who went to non-elite schools were two things. First, exp...
by BigMoneyNoWhammies
Mon Aug 19, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: College senior son - how to pay loans best for credit score?
Replies: 23
Views: 1242

Re: College senior son - how to pay loans best for credit score?

Son starting senior year, will finish May -- last semester light because of all his HS AP credits. Already been working part time in a job in IT info sec at a local big hospital where their plan already is for him to go full time once he graduates. He will have 4 unsubsidized govt loans totaling ar...
by BigMoneyNoWhammies
Mon Aug 19, 2019 10:13 am
Forum: Personal Investments
Topic: Saving for a new car
Replies: 14
Views: 1169

Re: Saving for a new car

Hey guys, I am driving a 2000 Toyota 4runner with 253000 miles on it. Great vehicle that has never let me down. However, I know its days are numbered (sadly!), and I was wondering what fund to invest in for a time horizon of 2-3 years? I am expecting my runner to give me at least another 3 years be...
by BigMoneyNoWhammies
Tue Aug 13, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 8748

Re: Critique my exercise routine because it's not working for me

I've been doing the following exercise routine for about 9 months now with only minor progress (i.e., loss of belly). Specifically, I am not looking for weighing less on the scale but the "pants test" - my pants should feel looser. Day 1 - 40 mins of cardio (some combo of treadmill/elliptical, but ...
by BigMoneyNoWhammies
Thu Aug 08, 2019 2:16 pm
Forum: Personal Investments
Topic: Vanguard asks for employer/income during account transition
Replies: 26
Views: 2389

Re: Vanguard asks for employer/income during account transition

Schwab just did the same thing when I opened an individual 401k today, asking, among other things, my "net worth," which I found really intrusive. Good to know, I guess, that the SEC is requiring this, but it still seems awfully weird. SEC requires that they ask, not that you give over the info. Yo...
by BigMoneyNoWhammies
Wed Jul 24, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 145
Views: 13306

Re: Is solar power for your home a worthwhile investment?

Solar is entirely dependent on subsidies. Sounds like somebody has an axe to grind. This is far from true. https://www.forbes.com/sites/dominicdudley/2018/01/13/renewable-energy-cost-effective-fossil-fuels-2020/#433ea7054ff2 This thread is about putting solar on your home. Prove that it is economic...
by BigMoneyNoWhammies
Tue Jul 23, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Would you have your teen attend a meeting with your CFP?
Replies: 33
Views: 1628

Re: Would you have your teen attend a meeting with your CFP?

On Monday I will be meeting with a CFP for the first time to look over my portfolio and everything in it. I have been a diligent saver and investor but I’ve never had a professional look over it. This is a one time, fee-based advisor. I was thinking that perhaps bringing my teen son with me would b...
by BigMoneyNoWhammies
Tue Jul 23, 2019 2:13 pm
Forum: Personal Investments
Topic: A little discouraged with earnings, is it really this slow?
Replies: 66
Views: 9445

Re: A little discouraged with earnings, is it really this slow?

You have 100k in tax advantaged accounts by your mid 20s. That's as much as the average retirement savings of someone 20 years older than you in the US. You're far beyond on track. Don't worry about the compounding returns this early on; time in the market matters so much more. You're in for a subst...
by BigMoneyNoWhammies
Tue Jul 23, 2019 1:58 pm
Forum: Personal Investments
Topic: Thoughts on 33% Large 33% Mid and 33% small?
Replies: 81
Views: 5436

Re: Thoughts on 33% Large 33% Mid and 33% small?

I am very curious on everyone's thoughts on having a portfolio that is 100% equities and then broken down to 33% large cap, 33% Mid Cap and then 33% Small Cap? Lets hear your thoughts on this model please? I don't have any issue with the basics of the strategy for the reasons pointed out by others ...
by BigMoneyNoWhammies
Mon Jul 22, 2019 11:56 am
Forum: Personal Consumer Issues
Topic: C8 Corvette - who is buying?
Replies: 125
Views: 8880

Re: C8 Corvette - who is buying?

Anyone putting in a pre-order? What trim/options and why? Base model is an incredible value, under $60k. I may wait a year or two for them to work out new model kinks and hope for discounts. For those who spent the week hiding under a rock, Chevrolet announced the mid-engine C8 Corvette . The new m...
by BigMoneyNoWhammies
Mon Jul 22, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Is solar power for your home a worthwhile investment?
Replies: 145
Views: 13306

Re: Is solar power for your home a worthwhile investment?

Did it early this year. Totally worth it for us w/ federal and city incentives. 7 yr payback assuming no increase in electricity prices (doubtful) Plus they keep the house a bit cooler during the hot summer months by preventing the sunlight beating down on my roof directly. I love watching the syst...
by BigMoneyNoWhammies
Thu Jul 18, 2019 10:41 am
Forum: Personal Investments
Topic: Alternative investments to stock market
Replies: 10
Views: 971

Re: Alternative investments to stock market

I am curious today. I have some extra money (for investment, not spending) and would like to consider investing in alternatives to the stock market. I have yet to find one that strikes my fancy, but have considered a variety: - Buying a U-Haul truck / trailer/ etc - Commercial real estate - Purchas...
by BigMoneyNoWhammies
Thu Jul 18, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 57
Views: 3386

Re: TSP 3-Funds or TSP Target Date Fund?

Is it safe to say more people on this forum use a 3 Fund portfolio in their 401K or IRA accounts compared to a target date fund? Is the main reason for this target date fund fees? If everyone had access to the TSP, would the target date fund be more popular because of their low fees? I’m in the gro...
by BigMoneyNoWhammies
Thu Jul 18, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Why Personal Finance is not taught in Schools in the US
Replies: 59
Views: 2936

Re: Why Personal Finance is not taught in Schools in the US

Background for my question: I work in NYC and recently a couple of interns from an underprivileged background joined our team for a week. While discussing with them I found out that they had received Credit Cards with limits of $10K. One of the interns had used 1.5K and was making minimum payments ...
by BigMoneyNoWhammies
Thu Jun 27, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24023

Re: Crypto bulls are back. Are you getting in?

I truly don't understand those who say there is no use for cryptocurrencies. Cryptos are an incredibly easy way to transfer money across borders. Some may say that only those who are trying to circumvent the law would need to use such a method, but what of people in tyrannical or otherwise failing ...
by BigMoneyNoWhammies
Thu Jun 27, 2019 11:08 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24023

Re: Crypto bulls are back. Are you getting in?

I know this forum discourages investing in crypto and views it as rat poison. But after some research I felt it was worth putting in 0.5% of my net worth in it. Money which I would not lose sleep over even if it all went crashing down to zero. There have been pretty good signs of blockchain / crypt...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Wrong health insurance billed. Notified us too late to bill correct provider?
Replies: 6
Views: 524

Re: Wrong health insurance billed. Notified us too late to bill correct provider?

We recently received a surprise hospital bill for an ER visit in August 2018. This is a ~$1,000+ bill which shows that the insurance covered $0 because they had the wrong provider on file. They billed our current provider, who was not our provider last August. We have been to the doctor many times ...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:39 am
Forum: Investing - Theory, News & General
Topic: Monthly Contributions for New Boglehead
Replies: 3
Views: 335

Re: Monthly Contributions for New Boglehead

I agree that moving to Vanguard is a good move. But before you start purchasing funds in a taxable account, let me ask if have you maxed out all of your tax-advantaged space? If you have a work plan (401K, 403B, etc) or are eligible for an IRA I would recommend investing there before you invest in ...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:36 am
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 82
Views: 9447

Re: Excluding International All Together?

Here we go again... Can one of the many other US v ex-US threads just be “pinned” to the top of the board? This. For the love of all that is good and just... These threads never get anywhere. +1 If you already have an opinion on this matter, nothing the other side throws at you will persuade you. I...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:31 am
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 82
Views: 9447

Re: Excluding International All Together?

I was messing around on Portfolio Visualizer recently just for my amusement, and I discovered this: Over the last 25 years, a 90/10 portfolio consisting of equities held at 50% in S&P 500, 25% in mid cap value and 25% in small cap value - plus the 10% FI held in intermediate treasuries, returned al...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:20 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262705

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Right now rates are not very high. So if there’s a bear market there’s not much wiggle room. What will happen if treasury rates go negative? They almost did after the Great Recession. I wouldn’t expect the stock market to “save the bacon” in that type of scenario, or for stocks and treasury rates t...
by BigMoneyNoWhammies
Thu Jun 27, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262705

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

From the beginning, I have framed this strategy as an alternative to a 100% equity portfolio. That is the benchmark by which we should judge this strategy: In your longest available backtest, it has twice the std dev of 100% equities, a 1.5x worse max drawdown (75%), and essentially the same return...
by BigMoneyNoWhammies
Thu Jun 27, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262705

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

One more data point, from April ‘08-present the fed fund rate has gone sideways, it started at 2.3% and currently at 2.4%. Our combo portfolio would’ve returned 18.6% CAGR, TMF returned 8.7% and VFINX 9%. So clearly In sideways markets this strategy has worked wonderfully. So, the bull market in st...
by BigMoneyNoWhammies
Thu Jun 27, 2019 8:57 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262705

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

Here are the Boglehead principles. Please point out which ones I am violating: ... Invest with simplicity I'd say people would take most issue with the simplicity point. However, philosophically, I see no contradiction with what you are doing and Bogleheads principles--the market just hasn't yet pr...
by BigMoneyNoWhammies
Tue Jun 25, 2019 11:52 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 262705

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

One more data point, from April ‘08-present the fed fund rate has gone sideways, it started at 2.3% and currently at 2.4%. Our combo portfolio would’ve returned 18.6% CAGR, TMF returned 8.7% and VFINX 9%. So clearly In sideways markets this strategy has worked wonderfully. So, the bull market in st...
by BigMoneyNoWhammies
Sun Jun 16, 2019 10:38 am
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 171
Views: 14651

Re: Why do large personal portfolios include bonds?

Am I missing something? The hypothetical person with significantly more than $1 million isn't spending $40K - they may be spending much more. +1 This was my immediate thought as well. Most people who had the good fortune and higher earning potential over their careers to retire with a portfolio sub...
by BigMoneyNoWhammies
Fri Jun 14, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: The Case Against ETFs
Replies: 193
Views: 9896

Re: The Case Against ETFs

Two thoughts: 1. The vast majority of actively managed funds are actually mutual funds, not ETFs. This is because ETFs are required to report their holdings daily, which would give away the active manager's strategy. https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-act...
by BigMoneyNoWhammies
Thu Jun 13, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11517

Re: Retired at 35 and have no friends :(

Now that I've left the corporate life and have free time on weekdays, I find that I have very little social life. A lot of people say this when they retire but I don't think it is true. You have exactly the same social life now as you had before you quit working. Social life is what happens outside...
by BigMoneyNoWhammies
Thu Jun 13, 2019 10:16 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 9558

Re: High net worth individual seeks portfolio advice

If I was your age and in your financial situation, I don't know that I would see a need to get into the stock market at all. With a low 8 figure net worth and potentially a doubling of that valuation forthcoming, I'm not sure you need to risk investing in stocks. This is especially true if you alrea...
by BigMoneyNoWhammies
Tue Jun 11, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Sports classes in Universities
Replies: 60
Views: 3667

Re: Sports classes in Universities

[Note to moderators: if this should be on a different forum, please move it] A while back, I got my MS in Engineering from VA Tech. While I was in school, I took one-credit hour (Pass/Fail) classes in each of the following (not all in the same semester!): - Tennis - Racquetball - Swimming - Badmint...
by BigMoneyNoWhammies
Tue Jun 11, 2019 2:14 pm
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4239

Re: Tips for new pet owner

We are getting a puppy in couple of weeks and even though I am very happy for the new addition I cant help but be a little concerned about doctor and medical cost and other cost of new puppy. So wanted a few tips in that regard: - How much should I expect to pay for a doctor visit on an average? - ...
by BigMoneyNoWhammies
Thu Jun 06, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Should REIT be in my taxable account or tax deferred account?
Replies: 2
Views: 281

Re: Should REIT be in my taxable account or tax deferred account?

Should REIT be in my taxable brokerage account or tax deferred 401k account? I'm in the highest income tax bracket. In the past, I would have said tax advantaged space only, but this article makes an interesting argument for keeping REITs in taxable based on recent changes to tax law https://www.fo...
by BigMoneyNoWhammies
Thu Jun 06, 2019 10:19 am
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 8107

Re: US stocks still look better than anywhere else

Here we go on the U.S./ex. U.S. merry-go-round again. "Bogle was right! Ex-U.S. has gone nowhere for decades! The U.S. is the cat's meow!" etc. etc. "Bogle was just lucky. The EMH says that everything is priced in. You just believe in the ridiculous American 'exceptionalism' argument and past perfo...
by BigMoneyNoWhammies
Wed Jun 05, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Failed land investments and what to do with it?
Replies: 139
Views: 9501

Re: Low ball offer to buy my useless land, take it or leave it?

$100 a year doesn't seem like a huge cost to incur to sit on the land. An unsolicited offer like that would make me think that perhaps there is some sort of development coming that will increase the value of the land in the near/midterm.

What was the purpose of the land purchase in the first place?
by BigMoneyNoWhammies
Mon Jun 03, 2019 3:31 pm
Forum: Personal Investments
Topic: Do I need a financial planner or investment advisor or just this forum?
Replies: 30
Views: 3092

Re: Do I need a financial planner or investment advisor or just this forum?

Please see my original post here : https://www.bogleheads.org/forum/viewtopic.php?f=1&t=279774 Some suggested that I potentially seek professional input. I have been exploring this option further. For me, options include a financial planner versus an investment advisor. I am interested in fee only....
by BigMoneyNoWhammies
Mon Jun 03, 2019 3:26 pm
Forum: Personal Investments
Topic: Large portfolio inheritance
Replies: 30
Views: 4335

Re: Large portfolio inheritance

I have a large taxable portfolio that’s split between Vanguard, Schwab and Morgan Stanley (I know, I know) and I’m starting to think about what I should do about it so that, when I pass away, my wife and children don’t inherit something complex they can’t properly manage. My wife doesn’t work, so s...
by BigMoneyNoWhammies
Mon Jun 03, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Credit Card - Binding arbitration opt-out?
Replies: 43
Views: 3902

Re: Chase Credit Card - Binding arbitration opt-out?

1. Respectfully, I had no idea anyone ever read these types of mailings. 2. Why do you believe arbitration provisions will prohibit you from being part of a consumer class action? Note that the recent US supreme court case dealing with class actions was in the employment context. Moreover, it seems...
by BigMoneyNoWhammies
Mon Jun 03, 2019 2:34 pm
Forum: Personal Consumer Issues
Topic: Expensive front load washer/dryer worth it?
Replies: 53
Views: 3485

Re: Expensive front load washer/dryer worth it?

JupiterJones wrote:
Wed May 22, 2019 12:27 pm
This is Bogleheads. We're going to be opposed to anything that involves a front-end load.
And the winner for zinger of the year goes to...
by BigMoneyNoWhammies
Wed May 29, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 17150

Re: Fun paid jobs after FIRE

Seems like starting and monetizing a blog to tell people how awesome FIRE is is the FIRE career of choice. Best of all you can do it from your couch. You can even go on the FIRE retreats and meet all the other FIRE people! I like this! Fire retreats...is that a real thing? Sounds like where boglehe...
by BigMoneyNoWhammies
Wed May 29, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 17150

Re: Fun paid jobs after FIRE

There are no "jobs" after FIRE. If you have a job, you aren't FIRE'd. Sure, you can have one or many hobbies. If your idea of a hobby is to put on a fancy red vest and play the "expert" at ACE, then more power to you! :beer +1 This is a huge pet peeve of mine, when people talk about part-time emplo...
by BigMoneyNoWhammies
Sun May 26, 2019 10:15 pm
Forum: Personal Consumer Issues
Topic: Seeking Suggestions for Greater Baltimore Area Communities & Neighborhoods
Replies: 6
Views: 462

Re: Seeking Suggestions for Greater Baltimore Area Communities & Neighborhoods

Baltimore area native here. As mentioned above, the "Baltimore area" is pretty large and varied, and can run the gamut from "wouldn't be caught dead outside alone at night" to "there's no way I can afford this neighborhood." Do you know what part of the city the family is living in? Generally easy a...
by BigMoneyNoWhammies
Tue May 21, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7608

Re: Dividends almost Doubled between 2013 and now

Thats not necessary true though right? Some companies don't have projects to invest in that are worth it. Paying out dividends in this case is in the interest of the shareholders. That doesn't imply that management is doing anything wrong. Not every company has enough worthwhile projects to spend a...
by BigMoneyNoWhammies
Tue May 21, 2019 9:42 am
Forum: Personal Investments
Topic: Should I rollover my 401k from old megacorp to new megacorp?
Replies: 36
Views: 2104

Re: Should I rollover my 401k from old megacorp to new megacorp?

Unless either the old or the new 401k accounts offered funds and/or expense ratios that were clearly superior, I would simply roll over the old 401k into a personal, rollover IRA at Fidelity. I prefer to manage my funds myself and not be limited by what is offered through my employer. +1. If you kn...
by BigMoneyNoWhammies
Wed May 15, 2019 3:38 pm
Forum: Investing - Theory, News & General
Topic: Dividends almost Doubled between 2013 and now
Replies: 96
Views: 7608

Re: Dividends almost Doubled between 2013 and now

If you believe the management is on average "squandering" the money that would be better off paid out as dividends, you really shouldn't be buying the stock of that company at all (or at a minimum be petitioning the board to change the management). Thats not necessary true though right? Some compan...
by BigMoneyNoWhammies
Wed May 01, 2019 2:37 pm
Forum: Personal Investments
Topic: Social responsibility investing in my 401k?
Replies: 13
Views: 820

Re: Social responsibility investing in my 401k?

Everyone's standard of "socially responsible" is going to be different, and I doubt you'll ever find such a fund that is 100% in line with your views. As has already been mentioned, this type of fund is great if you want to hurt your returns; they rarely if ever outperform the broader market, and a...
by BigMoneyNoWhammies
Wed May 01, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 5415

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

I had lunch with an old colleague last week who is retired. He and his wife have great pensions from their jobs along with social security, which covers all their expenses (no debt, home/car are paid off) with lots of discretionary funds. He also have a hefty 401k/IRA funds that have not needed to ...
by BigMoneyNoWhammies
Wed May 01, 2019 2:02 pm
Forum: Personal Investments
Topic: Social responsibility investing in my 401k?
Replies: 13
Views: 820

Re: Social responsibility investing in my 401k?

Everyone's standard of "socially responsible" is going to be different, and I doubt you'll ever find such a fund that is 100% in line with your views. As has already been mentioned, this type of fund is great if you want to hurt your returns; they rarely if ever outperform the broader market, and at...