Search found 4419 matches

by JBTX
Mon Jan 21, 2019 12:26 am
Forum: Investing - Theory, News & General
Topic: Dow Jones Index has beaten cap weighting
Replies: 5
Views: 468

Re: Dow Jones Index has beaten cap weighting

https://www.google.com/amp/s/www.fool.com/amp/investing/2018/01/30/why-the-dow-is-crushing-the-sp-500s-return.aspx The DOW is a completely arbitrary way to measure performance of the stock market. Perhaps it made sense 120 years ago when there were no other alternatives. It may or may not beat other...
by JBTX
Mon Jan 21, 2019 12:15 am
Forum: Investing - Theory, News & General
Topic: Morningstar betaquote
Replies: 0
Views: 73

Morningstar betaquote

More and more I am seeing a new format, and I really don't like it. It doesn't seem like the graph has the ability to compare multiple securities and I just don't like for format in general. Is there a way to stick to the old format?
by JBTX
Sun Jan 20, 2019 11:41 pm
Forum: Personal Consumer Issues
Topic: Refurbished iPhones from Amazon
Replies: 20
Views: 1532

Re: Refurbished iPhones from Amazon

We bought an refurbished iPad pro from Amazon. It was 25% or more cheaper. I'm not sure I really grasped it was completely independent from Apple at the time. It has been 10 months and no problems. The downside was I wasn't able to buy an apple care warranty as apple considers them used. Normally I ...
by JBTX
Sun Jan 20, 2019 9:18 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 175
Views: 10159

Re: Are You Dumping Netflix?

Won't drop it. Still a lot of content for the money, although it seems like I am seeing more and more content but interested in less of it.
by JBTX
Sun Jan 20, 2019 8:07 pm
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 19
Views: 2071

Re: NY Times $1 per week digital

Or you can just clear your browsing history or view in incognito mode.
by JBTX
Sun Jan 20, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce w/child. Spouse wants to move.
Replies: 119
Views: 6810

Re: Divorce w/child. Spouse wants to move.

Seems to me you do what you view as the "right thing". That is either staying where you are, where your career and business and family was established, and you probably legally have the upper hand. OR You say OK to your spouses move, because you think that is best for spouse, she will be happier and...
by JBTX
Sat Jan 19, 2019 11:16 am
Forum: Investing - Theory, News & General
Topic: What active management stock funds would you own?
Replies: 73
Views: 4036

Re: What active management stock funds would you own?

Wellington
Wellesley income
Vanguard dividend growth
Fidelity contra
Fidelity low price stock
FPA Crescent (I'm leaning to reduce or sell that one)
by JBTX
Sat Jan 19, 2019 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 4771

Re: Never thought it would happen to me - life changing injury

On the 3.25% mortgage you will get differing opinions here but I wouldn't pay it off at that rate. That is lower than current market rates. You can always choose to pay it off. You likely won't be able to borrow again at 3.25%. We have a 3.25% and won't be paying it off any time soon. CDs are approa...
by JBTX
Fri Jan 18, 2019 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: Fund suggestions for a taxable account with a ~15-year time horizon
Replies: 16
Views: 851

Re: Fund suggestions for a taxable account with a ~15-year time horizon

This likely won't be a popular response, but if you liquidate it before you retire, and you stay continuously employed, the only thing you are doing is deferring the tax. You will eventually pay it now or later. I'm not sure I'm entirely following you here -- what exactly do you mean by this? What ...
by JBTX
Fri Jan 18, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616843

Re: What's Your Credit Card Rewards Strategy?

https://www.doctorofcredit.com/new-way-bypass-chase-524-online-need-datapoints/ Looks like Chase is approving Sapphire Preferred and bypassing 5/24 for selected accounts. I noticed an offer when i signed onto my chase login and immediately got approved, I am over 5/24. Went on credit karma for DW an...
by JBTX
Fri Jan 18, 2019 4:42 pm
Forum: Personal Consumer Issues
Topic: Home Owner's Insurance
Replies: 9
Views: 905

Re: Home Owner's Insurance

Keep the coverage. Go to a $5,000 deductible or some higher number. Make sure home and auto and umbrella are all with the same provider to get multi-line discounts. www.cinfin.com The agent search on the front page here allows you to find independent agents in your zip. They can shop multiple carri...
by JBTX
Fri Jan 18, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Another do all bonds belong in your 401K question?
Replies: 4
Views: 320

Re: Another do all bonds belong in your 401K question?

It depends on a lot of factors. What are the expense ratios of those options? What would be the expense ratios of applicable bond options elsewhere, such as in taxable? What are the expense ratios of the stock funds in the 401k? What are your marginal tax rates now, and projected in the future? From...
by JBTX
Fri Jan 18, 2019 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Fund suggestions for a taxable account with a ~15-year time horizon
Replies: 16
Views: 851

Re: Fund suggestions for a taxable account with a ~15-year time horizon

It all depends on what the purpose of the investment is. What is going to happen at the end of the fifteen years? I think it can be treated as a pre-retirement reserve fund that I would like to have grow in the meantime. If there is a "crash" that occurs after, say, 13-14 years, it should (hopefull...
by JBTX
Fri Jan 18, 2019 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Capital One 360 MM for $500 bonus
Replies: 31
Views: 2478

Re: Capital One 360 MM for $500 bonus

I did this a couple of months ago and no hitches. I did have 2 C1 credit cards but no savings accounts. The bonus was paid out 3-4 weeks after I became eligible. I recall you only have to transfer $50K in there. You don't have to leave $50K in there for the period, you just have to leave whatever t...
by JBTX
Fri Jan 18, 2019 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 38
Views: 2945

Re: Should I dump our wealth planner/financial advisor?

Nearly two decades ago, with a small inheritance, a growing family, and me leaving the full-time workforce to go freelance, I no longer had time to peruse the money magazines and financial pages and so outsourced this job to a financial-planning firm. Not only do they manage our portfolio, which is...
by JBTX
Fri Jan 18, 2019 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Capital One 360 MM for $500 bonus
Replies: 31
Views: 2478

Re: Capital One 360 MM for $500 bonus

I did this a couple of months ago and no hitches. I did have 2 C1 credit cards but no savings accounts. The bonus was paid out 3-4 weeks after I became eligible. I recall you only have to transfer $50K in there. You don't have to leave $50K in there for the period, you just have to leave whatever th...
by JBTX
Fri Jan 18, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Hedge Funds A Bad Buy
Replies: 7
Views: 510

Re: Larry Swedroe: Hedge Funds A Bad Buy

Not really shocking when you consider the obscene fees, and the fact that stocks have on average gone up a lot over the last decade. I found this interesting: investments in private equity and hedge funds come with much higher expenses—with fees typically in the range of 1.5-2.0% plus a performance ...
by JBTX
Fri Jan 18, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Is the security check website "Have I Been Pwned?" legit?
Replies: 28
Views: 3999

Re: Is the security check website "Have I Been Pwned?" legit?

It is actually kind of fun to see how many times certain passwords have popped up on list, like "password" - Oh no — pwned! This password has been seen 3,645,804 times before "123456" - Oh no — pwned! This password has been seen 23,174,662 times before This is the most fascinating aspect of having ...
by JBTX
Fri Jan 18, 2019 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: No 401K match new employer
Replies: 22
Views: 1398

Re: No 401K match new employer

Hi guys, I recently switched jobs, however my new company does not have any 401K matching but does have a 401K. It seems like from everything I have read, it is a good idea to utilize this 401K regardless. Another issue is that all the options are in the 1.2-1.5 expense ratio range. Could you pleas...
by JBTX
Fri Jan 18, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1209

Re: Child Turning 18 in a few weeks

Most people don't do any of these things in any sort of formal way for non-special-needs kids. By that I mean, it's all typically done on an ad hoc basis. When/if your kid enrolls in college, she will be given lots of forms to fill out, likely including forms giving parents access to grades, medica...
by JBTX
Fri Jan 18, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1209

Re: Child Turning 18 in a few weeks

Several points: 1) A pediatrician at some point will no longer see a child-turned-adult. Make sure you know when this happens in your state/practice. My son's doctor told us that he had to stop at 18 due to state law. We actually did discuss that last visit. They said they will see patients through...
by JBTX
Fri Jan 18, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1209

Re: Child Turning 18 in a few weeks

^I'd add special needs or learning differences to your thread title. +1. If you re-title the thread, "Legal documents for special needs child soon turning 18," you'll get more hits from lawyers and other professionals with relevant experience. I'm a lawyer but not the right kind of lawyer you need....
by JBTX
Fri Jan 18, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Is the security check website "Have I Been Pwned?" legit?
Replies: 28
Views: 3999

Re: Is the security check website "Have I Been Pwned?" legit?

Funny, my employer's computer systems administrator just sent an email to all our employees today recommending that we regularly check this site. I wonder why it's receiving so much attention all of a sudden? (It's legit, by the way, or our CSA wouldn't be recommending it). It’s been mentioned here...
by JBTX
Fri Jan 18, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Is the security check website "Have I Been Pwned?" legit?
Replies: 28
Views: 3999

Re: Is the security check website "Have I Been Pwned?" legit?

You can now go to one of the apps and put in a password, and it will tell you if that password is on any of the compromised lists. It doesn't associated the password with your email, it just tells you if that password is on the list with anyone. For instance, if you type in "password" I suspect it w...
by JBTX
Fri Jan 18, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1209

Re: Child Turning 18 in a few weeks

Mostly one can relax. We did NONE of the things you mentioned. Get you son to take you out to dinner and make sure he is buying. Congrats on the first 18 years of your journey being almost completed. It never ends. Our daughter has some emotional/medical issues and qualifies as special needs for sc...
by JBTX
Fri Jan 18, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Child Turning 18 in a few weeks
Replies: 17
Views: 1209

Child Turning 18 in a few weeks

What should be done before or shortly after Child Turns 18? - Health care proxy? - Durable power of attorney? - HIPAA authorization? I found this https://www.wsj.com/articles/documents-you-need-when-a-child-turns-18-1511972303 Any other suggestions? Edit: Our daughter has some emotional/medical issu...
by JBTX
Fri Jan 18, 2019 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Wife's 401k investment options are bad...options?
Replies: 11
Views: 449

Re: Wife's 401k investment options are bad...options?

Looking for some insight into where I should be putting additional retirement funds. Currently I am maxing out my 403b with TIAA with a modified 3 fund portfolio(TIAA traditional instead of bonds) using low ER vanguard funds. I am also maxing out my backdoor Roths for my with and I at Schwab and ou...
by JBTX
Fri Jan 18, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Umbrella Coverage for Hired Subcontractors
Replies: 7
Views: 543

Re: Umbrella Coverage for Hired Subcontractors

Agree, read the policy. This site says it may not. https://www.valuepenguin.com/umbrella-insurance In addition to your own property and medical care, your personal umbrella policy may not provide coverage for the following scenarios. Business liability: Property damage, injuries or losses for which ...
by JBTX
Fri Jan 18, 2019 11:07 am
Forum: Investing - Help with Personal Investments
Topic: 57 yr old w/$14K
Replies: 24
Views: 3603

Re: 57 yr old w/$14K

He should look into applying for Supplemental Security Income (SSI). It's specifically designed for people who have health issues but who don't have enough social security credits to qualify for Social Security Disability Insurance (SSDI). I have met people who are on SSI who are in shoes similar t...
by JBTX
Thu Jan 17, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Promo Rate Runs Out
Replies: 4
Views: 363

Re: Credit Card Promo Rate Runs Out

I don't know. I know many years ago I had a no interest furniture loan and reading the fine print missing a payment caused the entire balance to accrue interest at some usurious rate, and I think (but I won't swear) it was retro active. My conclusion was that the hazard of missing a payment and hass...
by JBTX
Thu Jan 17, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3178
Views: 616843

Re: What's Your Credit Card Rewards Strategy?

While the discussion is primarily about how to get the best deal, I'd like to mention a strategy that may not be obvious. (I have one 2% cash back card - that's all I need.) I just started my very first Health savings account . The fund provider issued a debit card for the convenience of minimizing...
by JBTX
Thu Jan 17, 2019 9:40 am
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

Besides the tax diversification already mentioned, you also gain "more" tax preferred assets with the Roth if you maximize to the limit because the maximized amount in the Roth has already been taxed. I think this fact is often underestimated. We just assume around here that the traditional tax sav...
by JBTX
Wed Jan 16, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant or do it myself?
Replies: 8
Views: 1127

Re: Accountant or do it myself?

Having S corps, employees and 1099s I'd probably have an accountant to it, but I'd find one that is recommended and I trusted. And I'm an accountant! (although I don't practice as a CPA) I would make sure I understood exactly what he/she was doing and why, and review the return in detail - I've seen...
by JBTX
Wed Jan 16, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth and Pro-Rata Rule
Replies: 7
Views: 483

Re: Backdoor Roth and Pro-Rata Rule

https://www.physicianonfire.com/value-of-backdoor-roth/ He basically states it is worth about 50 bucks a year. That might lead one to believe that over ~20 years it would make ~$1K difference. But if one puts $6K/yr into Roth, earning 7%/yr, after 20 years one would have ~$246K spendable. That same...
by JBTX
Wed Jan 16, 2019 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 214
Views: 15008

Re: Why are you NOT buying rental properties?

I've toyed with the idea, although not very seriously. It would be nice to have a supplemental cash flow stream. I don't mind putting in some effort, but I am not at all a DIY handyman type, and I would not have patience with deadbeats who fail to pay rent or trash the place. I have friend, a financ...
by JBTX
Wed Jan 16, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 847
Views: 43472

Re: John Bogle has died at age 89

Positively impacted millions of people. A truly ethical man. A rare breed. RIP.
by JBTX
Wed Jan 16, 2019 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

JBTX, If we follow today's tax law, then, the tax bracket should be adjusted upward by at least 2% per year. Then, it would not be 33% in 20+ years. In any case, a simple solution would be no Roth 401K until the tax-deferred account is at least 1 million. KlangFool Everything I did was in inflation...
by JBTX
Wed Jan 16, 2019 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

That's $280K per year. That would put you in a 24% bracket, using today's rates. But it would be 33%, if rates were to revert to the 2017 schedule, in 2026, as they are scheduled to do. JBTX, If we follow today's tax law, then, the tax bracket should be adjusted upward by at least 2% per year. Then...
by JBTX
Wed Jan 16, 2019 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

They have in tax deferred (excluding Roths): $500k. Assume over 20 years that amount doubles to $1M. Something slightly higher than 3% real rate of return. $62K additional savings per year (assume traditional) times 20 years =$1.2M. We will say that increases to $1.8M real. $1M+$1.8M = $2.8M in tra...
by JBTX
Wed Jan 16, 2019 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

That's $280K per year. That would put you in a 24% bracket, using today's rates. But it would be 33%, if rates were to revert to the 2017 schedule, in 2026, as they are scheduled to do. JBTX, If we follow today's tax law, then, the tax bracket should be adjusted upward by at least 2% per year. Then...
by JBTX
Wed Jan 16, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

They have in tax deferred (excluding Roths): $500k. Assume over 20 years that amount doubles to $1M. Something slightly higher than 3% real rate of return. $62K additional savings per year (assume traditional) times 20 years =$1.2M. We will say that increases to $1.8M real. $1M+$1.8M = $2.8M in trad...
by JBTX
Wed Jan 16, 2019 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2172

Re: 37% marginal tax rate --> does Roth 401k make sense?

At 37% i'd be inclined to put most or all of it in traditional. That is too high of a tax break to pass up, and odds are you won't be in a higher bracket, even with pension. Keep in mind you have to take into account the impact of social security on taxes as well as your future pension, which compli...
by JBTX
Wed Jan 16, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Any good reason to get a smartwatch?
Replies: 93
Views: 3890

Re: Any good reason to get a smartwatch?

My daughter wanted Apple watch so she got one for Christmas. From my perspective, it's most useful feature is that it can assist finding your phone, and she loses her phone in the house about 37 times a day. Now it no longer involves me and my phone or "find my iphone". Several times a day I hear "S...
by JBTX
Wed Jan 16, 2019 11:44 am
Forum: Personal Consumer Issues
Topic: Swimming, do you? Advice sought.
Replies: 32
Views: 2348

Re: Swimming, do you? Advice sought.

Any swimmers here? Cold weather has me starting to swim, never did much of it as a child. Sunk 12 ft my first lesson way back.. Never really breathed properly, always kept my head above water. I swam competitively through high school decades ago. What I have since found teaching a couple of kids wh...
by JBTX
Tue Jan 15, 2019 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Rewards Visa -- predatory lending?
Replies: 38
Views: 4346

Re: Amazon Rewards Visa -- predatory lending?

The above posts are correct; this is how credit cards work. I just wanted to add that messing up on paying in full has happened to me twice in my two decades or so of playing the maximize-cashback game with multiple cards. The two times were with two different companies, several years apart. Both t...
by JBTX
Mon Jan 14, 2019 10:29 pm
Forum: Investing - Theory, News & General
Topic: What do futures really leverage exposure to?
Replies: 27
Views: 1623

Re: What do futures really leverage exposure to?

Your question is a bit meandering. Maybe follow up with some more specific questions? Maybe a specific example? Let's say somebody has $100k cash. They could do any of the following: Buy $100k worth of SPY Buy $100k worth of SPY on (say) 20% margin, putting the other 80% in a money market account. ...
by JBTX
Sun Jan 13, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5211

Re: Took on too much mortgage, seeking advice on where to put money going forward

If your plan is to be out of it in a few years, there isn't much you can do. Refis in Texas are expensive in terms of up front fees. I disagree paying off a 2.5% car loan, which is basically the rate of inflation. Paying off a near zero percent loan in inflation adjusted terms does absolutely nothin...
by JBTX
Sun Jan 13, 2019 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: RE: What to do with previous solo 401k?
Replies: 7
Views: 477

Re: RE: What to do with previous solo 401k?

Yes you can roll it over to an IRA. It will probably make doing backdoor Roth's not worthwhile though, if you do them now or plan to in the future.

I don't think Vanguard solo 401k allows roll ins ( I called and asked). Fidelity solo 401k does.
by JBTX
Sun Jan 13, 2019 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: PNC 2.35% online savings
Replies: 13
Views: 1609

Re: PNC 2.35% online savings

I'm in TX. I signed up for a checking/savings account for a modest bonus (which turns out was probably more work than it was worth for $300) but nonetheless I now have an account anyway.

I may open one up. 2.35 is a decent spread from 2.0 that I have with Capital one and discover bank