Search found 1696 matches

by JBTX
Sat Dec 16, 2017 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Active vs. index funds in a recession:
Replies: 10
Views: 467

Re: Active vs. index funds in a recession:

Look at top to bottom 2007-2009, the blended fund benchmark basically equaled the total stock market index performance. Look at how closely the charts track. I assume that benchmark contains both active and index funds. So no, active funds did not buy you any protection that time around. Pretty much...
by JBTX
Fri Dec 15, 2017 11:52 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 26
Views: 2221

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

I find it kind of interesting in a forum full of passive investment advocates, that most seem to prefer to "actively" manage their preferred asset allocation and cyclical rebalancing vs having a fund do it automatically for you, for a very modest fee (approx .15 for lifestrategy vs approx .07 weight...
by JBTX
Fri Dec 15, 2017 11:23 pm
Forum: Investing - Theory, News & General
Topic: interest rate hike, bond went UP
Replies: 7
Views: 1609

Re: interest rate hike, bond went UP

A short term hike in short term interest rates by the Fed won't necessarily lead to an increase in intermediate or long term market interest rates. First, as mentioned, the hike was probably already factored into the market. But if for some reason it wasn't, a hike in rates could cause bond investor...
by JBTX
Fri Dec 15, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Two commas, I'm calling it
Replies: 11
Views: 1979

Re: Two commas, I'm calling it

2 bits, 4 bits, 6 bits, a dollar....make that ONE MILLION DOLLARS! :sharebeer


Image
by JBTX
Fri Dec 15, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Active vs. index funds in a recession:
Replies: 10
Views: 467

Re: Active vs. index funds in a recession:

If there was an advantage to active management in downturns, which it appears there isn't, it would likely be that active managed funds tend to hold some cash, while index funds are fully invested.
by JBTX
Fri Dec 15, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Fee-Only Financial Advisor Help
Replies: 16
Views: 1463

Re: Becoming a Fee-Only Financial Advisor Help

I would think it would be difficult for somebody who is young and relatively inexperienced to strike out as a fee only financial advisor. My guess (and it is that, a guess) is most financial advisors, especially those starting out, make their money on transactions costs - loads, commissions, fees, e...
by JBTX
Thu Dec 14, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 33
Views: 3809

Re: I’ve made huge errors and hope it’s not too late

I’m confused in you have a 401k and want to start a solo 401k. It isn’t clear if you are employed , self employed or both. Solo 401k is for self employed. You can only contribute $18k per year total tax deferred to various 401ks in total. You can’t double up the tax deferred amount. You CAN contribu...
by JBTX
Thu Dec 14, 2017 8:10 pm
Forum: Personal Consumer Issues
Topic: Getting rid of junk mail?
Replies: 21
Views: 1262

Re: Getting rid of junk mail?

by JBTX
Thu Dec 14, 2017 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: How would you save for retirement if you were 28?
Replies: 11
Views: 1974

Re: How would you save for retirement if you were 28?

Agree you should look into SEP, SIMPLE or maybe Keogh Retirement plan. While tax efficiency is important you also need to consider your investing timeline. I would not recommend putting a heavy allocation of stocks in a taxable account that you plan on drawing for a house in 5 years. For 0-5 years h...
by JBTX
Thu Dec 14, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA worth it?
Replies: 20
Views: 1340

Re: Backdoor Roth IRA worth it?

75000 * 1% = $750 every year in extra fees Tax savings on a $5500 Roth vs taxable account is probably about $5500 * 8% annual gain including dividends = 440 gain. 440 * 15% tax = $66 tax on a taxable account. You pay an extra $750 per year in fees and you get maybe $66 in tax savings. Ignoring compo...
by JBTX
Thu Dec 14, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 49
Views: 2513

Re: Play money individual stocks, which ones?

Lot of people jumping on OP needlessly. He obviously understands the risks involved and does it for a side hobby. I have contemplated doing it over the years but ultimately never have. Not worth the time and I don’t think I have any proprietary information that would give me any particular edge.
by JBTX
Thu Dec 14, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 59
Views: 2819

Re: Buying Real Silver and Gold (Not Bitcoin)

If you want to buy a few coins in case of the zombie apocalypse knock yourself. But to have any meaningful impact on your portfolio you’d have to buy a lot and then store it somewhere safe which in my mind is a PITA. Seems to me if civilization has collapsed then if you toss out silver or gold coins...
by JBTX
Thu Dec 14, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: ESPP - Would you participate and what's your strategy
Replies: 24
Views: 1518

Re: ESPP - Would you participate and what's your strategy

When I was in that situation, I feared that my supervisor might know whether or not I was participating and consider it an indicator of my motivation and enthusiasm. So, just as I contributed to the United Way, I participated in the ESPP to the minimum extent possible: $5 a month. I didn't attempt ...
by JBTX
Thu Dec 14, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2515

Re: Edward Jones Guided Solutions - Spouse is Employee

The only logical solution is for your wife to get another job. Admin Assistants are in demand and this shouldn’t be a problem. This suggestion appears frequently in this thread, and maybe it's sarcasm or a little joke. I find it an extreme solution to a little problem, especially if the invested ba...
by JBTX
Wed Dec 13, 2017 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2515

Re: Edward Jones Guided Solutions - Spouse is Employee

I guess i have a hard time how an employer could legally prohibit an employee’s spouse from going and buying an index fund somewhere else. There's no law that would stop them, if that's what you mean; your right to invest with Vanguard is not legally protected. I don't know the FINRA side of things...
by JBTX
Wed Dec 13, 2017 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Individual 401k with Vanguard
Replies: 4
Views: 371

Re: Individual 401k with Vanguard

If you are sole proprietorship your business account is your personal account for tax purposes, as far as I can tell.

A Roth 401k is mostly similar to a Roth IRA. With a Roth 401k there are RMDs in retirement but you can easily get around that by rolling it over to a Roth IRA.
by JBTX
Wed Dec 13, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Looking ahead to 2018
Replies: 7
Views: 1195

Re: Looking ahead to 2018

There is always the possibility of a correction. I don’t have any evidence that there is any greater or less probability of a correction in 2018 vs any other year. You could have a correction or you could have an additional run up due political events, macroeconomic events or nothing in particular. ...
by JBTX
Wed Dec 13, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Pay Property Taxes in 2017?
Replies: 23
Views: 2195

Re: Pre-Pay Property Taxes in 2017?

I’ve almost always paid property taxes ahead. In TX they bill you in November for the next year and it is due in February. Most people pay it in the prior year to accelerate the deduction. One year I bunched two years together in order to have enough to itemize. This year I am being a little more ag...
by JBTX
Wed Dec 13, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2515

Re: Edward Jones Guided Solutions - Spouse is Employee

I guess i have a hard time how an employer could legally prohibit an employee’s spouse from going and buying an index fund somewhere else. There's no law that would stop them, if that's what you mean; your right to invest with Vanguard is not legally protected. I don't know the FINRA side of things...
by JBTX
Wed Dec 13, 2017 8:58 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4386

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Is calling out a troll against the rules? Hey now, I have strong BH tendencies. Followed IPS for 20 years, something like 90%+ in the lowest cost index funds and ETFs available, The most controversial things I do (other than carry a debt that most people would call a mortgage) is I made my own timb...
by JBTX
Wed Dec 13, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2515

Re: Edward Jones Guided Solutions - Spouse is Employee

If she likes the job and it pays well chances are the benefits of her working there will outweigh the 1-2% you lose in returns....in the short term. If we are talking 20 years that is another story. I guess i have a hard time how an employer could legally prohibit an employee’s spouse from going and...
by JBTX
Wed Dec 13, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: ESPP - Would you participate and what's your strategy
Replies: 24
Views: 1518

Re: ESPP - Would you participate and what's your strategy

Details: 15% Discount 2 Subscription Periods/Year - Jan -June and July-Dec Contribute 1%-10% of salary Shares are deposited immediately after close of subscription period and can be sold any time For a 15% discount I would max It out. No brainer. Years ago I worked for a company with a 5% discount ...
by JBTX
Wed Dec 13, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: How Will Indexers Affect A Downturn---or the functioning of the market in the long-run?
Replies: 29
Views: 2493

Re: How Will Indexers Affect A Downturn---or the functioning of the market in the long-run?

Phineas J. Whoopee wrote:
Wed Dec 13, 2017 7:38 pm
What if everybody indexed?
PJW
There are threads going back 10 years but somehow the market is still functioning.
by JBTX
Wed Dec 13, 2017 8:23 pm
Forum: Investing - Theory, News & General
Topic: How Will Indexers Affect A Downturn---or the functioning of the market in the long-run?
Replies: 29
Views: 2493

Re: How Will Indexers Affect A Downturn---or the functioning of the market in the long-run?

Don't get me wrong. I'm an indexer and not worried at all about holding them personally, and I certainly feel they are the best options for me as an individual investor. And, yes, the technical instant-trading created the mess of day-trading and continues to speed up that part of the casino, er, ma...
by JBTX
Wed Dec 13, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4386

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Do you disciplined folks have margin accounts, or do you refuse that feature on purpose to avoid temptation? I shouldn't have gotten one. Should have done cash only. I have a margin account. The rate is better than my credit card and it has helped me out with some cash flow issues. Short term only....
by JBTX
Wed Dec 13, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Saved a lot by cell phone 'family plan'
Replies: 21
Views: 1872

Re: Saved a lot by cell phone 'family plan'

My understanding of the crickets of the world is they are fine if you don’t use much data. My kids are data hogs and blow away just about anything other than an unlimited data plan. I contemplated switching to Sprint and could have saved decent money on a one year promotional rate but would have had...
by JBTX
Wed Dec 13, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Putting a stop payment on credit card for broken TV
Replies: 11
Views: 639

Re: Putting a stop payment on credit card for broken TV

I’m not sure a stop payment/ dispute on credit card accomplishes anything other than create an admistrative mess. Ultimately it’s up to you to work it out with vendor. I would only contemplate it if it was an erroneous or fraudulent charge. What it "does" it make you not responsible to pay (and no ...
by JBTX
Wed Dec 13, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4386

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Just because something has a positive expected value doesn’t mean it fits within a reasonable risk aversion curve. Would you put your entire life savings on a bet with 100% payout and a 52% chance of being right? I sure as hell wouldn’t. See these are good attitudes. I've noticed that successful pe...
by JBTX
Wed Dec 13, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4386

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

This is gambling. It is compulsive and thrill seeking behavior. It is not investing. Until you are willing to accept this nobody here can help you. This is true. The problem is I was a math major so can prove why one should avoid casinos, but this S&P bet seemed certain to have a positive expected ...
by JBTX
Wed Dec 13, 2017 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4386

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

That amount of an S&P drop would be 2007ish and unlikely, but your attitude is the right one klangfool. I think smart investors overstate risk and understate upside. This is gambling. It is compulsive and thrill seeking behavior. It is not investing. Until you are willing to accept this nobody here...
by JBTX
Wed Dec 13, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 18
Views: 1044

Re: Homeowner's Insurance - How Do You Evaluate?

I could probably save a few hundred a year on home insurance but my insurance company has paid for 2
Hail damaged Roofs over the past 7 years and the payout was very generous so I’m not rocking the boat.
by JBTX
Wed Dec 13, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Putting a stop payment on credit card for broken TV
Replies: 11
Views: 639

Re: Putting a stop payment on credit card for broken TV

I’m not sure a stop payment/ dispute on credit card accomplishes anything other than create an admistrative mess. Ultimately it’s up to you to work it out with vendor. I would only contemplate it if it was an erroneous or fraudulent charge.
by JBTX
Wed Dec 13, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3423

Re: How to deal with Micro-manager

How i would handle as a 3 week employee with established bad manager may be different if I were an established employee with good track record with a new bad manager. How long has the manager been with the company? Does he have a good reputation? Or perhaps he is valued for his technical or other sk...
by JBTX
Wed Dec 13, 2017 4:14 pm
Forum: Personal Consumer Issues
Topic: Turning lemons to lemonade ... or ... how to profit from a traffic ticket!
Replies: 3
Views: 950

Re: Turning lemons to lemonade ... or ... how to profit from a traffic ticket!

Yes I think you can kill 2 birds, assuming auto insurance gives discount for driving school. Most of the policies I’ve ever had don’t.
by JBTX
Wed Dec 13, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 25
Views: 2183

Re: Downsizing - How much to invest in a house before selling?

I don’t know but generally agree with the advice given here. We just did a major remodel on about a $300k 2600 sq ft 20 year old house. Like you we had really deferred much of the maintenance other than a master bedroom remodel. We ended up spending about $80k just on the remodel (and years before a...
by JBTX
Wed Dec 13, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5424

Re: Can we afford to live on one income?

There are merits to either path, and it really depends on the situation. However, in certain circles, I do think there is a bit of a guilt trip laid on moms who work, and that trend may have got its legs back in late 90's with the Dr. Laura "I'm my own kids mom" thing. In my circle there would be a...
by JBTX
Wed Dec 13, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5424

Re: Can we afford to live on one income?

Personally, just given how I am, I would really be uncomfortable if our financial security totally depended on me all of the time. We couldn't have any biological children if my spouse took this approach. I am very ill during pregnancy and not able to hold a paid job during that season. I'm gratefu...
by JBTX
Wed Dec 13, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: 1099 income - enough to open a solo 401k?
Replies: 6
Views: 625

Re: 1099 income - enough to open a solo 401k?

Similar thread

viewtopic.php?f=1&t=234358

Take the legitimate business deductions.
by JBTX
Wed Dec 13, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1025

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Business deductions. Every time. Remember that with a tax-deferred account you're just deferring taxes (yes, you get tax-protected growth and potentially an arbitrage at the end) but with a business expense, that money is never taxed. The only real question comes in when you're paying as an S Corp ...
by JBTX
Wed Dec 13, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1025

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Business deductions. With $100k income and let's guess $15k in business deductions, you save taxes on that $15k forever. If you are single, that's some combination of 25% and 28% plus the social security tax. That is saved forever, you never have to pay taxes on that amount of money. If, instead, y...
by JBTX
Wed Dec 13, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?
Replies: 18
Views: 1025

Re: ~100k sole proprietor income. Better to take business deductions or contribute more to solo 401k?

Take the business deductions. Business reductions reduce both income tax and FICA/self employment tax. Self employed 401k reduces income tax only Going forward you will eventually owe income taxes on a traditional 401k at regular income tax rates. By taking business deductions you permanently elimin...
by JBTX
Tue Dec 12, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Term life insurance: fine print and credit ratings
Replies: 13
Views: 1216

Re: Term life insurance: fine print and credit ratings

Life insurance is pretty simple - you're either dead or not dead. You die, they pay a claim. You don't die, they don't pay. That's about as black and white as an insurance policy can be. There isn't any real difference between the policies except the conversion options. I'd be comfortable with any ...
by JBTX
Tue Dec 12, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 56
Views: 4825

Re: State Farm Insurance, Time to Leave

Just a rant: Current car insurance for a 17 year old Honda Civic, standard mileage, no collision, and 1K deductible just went up 25% this year. The other car went up 10% as well. We have all available discounts including multi line, multi car, safe driver, loyalty, etc. Called to confirm that there...
by JBTX
Tue Dec 12, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: New job - possible to keep my 2017 bonus?
Replies: 4
Views: 669

Re: New job - possible to keep my 2017 bonus?

That is pretty standard, you have to be on the payroll the date of the payout to receive bonus.

I agree, before I accept I'd let your potential new employer know that. Certainly can't hurt to see what they counter with.
by JBTX
Tue Dec 12, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP with HSA vs PPO breakeven point
Replies: 21
Views: 999

Re: HDHP with HSA vs PPO breakeven point

Hi all , I am trying to figure out what is about the break point financially between 2 health care plans for myself only. Both have 2k deductible HDHP: 1,400 a year cheaper(include tax break) 50% coinsurance + I can max max out HSA ($3,450) office vists I have to pay all PPO: 30% coinsurance and of...
by JBTX
Tue Dec 12, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP with HSA vs PPO breakeven point
Replies: 21
Views: 999

Re: HDHP with HSA vs PPO breakeven point

aristotelian wrote:
Tue Dec 12, 2017 11:07 am
Assuming you are in the 25% tax bracket and you already max your 401k, the HSA tax break gives you an ~$900 including state taxes (if not in CA) and FICA.

The HDHP has a $2300 head start.

How do the Out of Pocket Max compare for the two plans?
So does the higher premiums of the PPO.
by JBTX
Tue Dec 12, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: HDHP with HSA vs PPO breakeven point
Replies: 21
Views: 999

Re: HDHP with HSA vs PPO breakeven point

Hi all , I am trying to figure out what is about the break point financially between 2 health care plans for myself only. Both have 2k deductible HDHP: 1,400 a year cheaper(include tax break) 50% coinsurance + I can max max out HSA ($3,450) office vists I have to pay all PPO: 30% coinsurance and of...
by JBTX
Tue Dec 12, 2017 12:22 pm
Forum: Personal Consumer Issues
Topic: prudent buying a refurbished laptop?
Replies: 25
Views: 1628

Re: prudent buying a refurbished laptop?

I have actually bought several used laptops at cash America. Most worked fine long term, but one crapped out after a while, but that could have easily been my daughters abuse. I’d be selective but I generally look for a model that sells at 50% off what a discounted retail price would be. Prices are ...