Search found 51 matches

by Veritas Simplex
Tue May 07, 2019 3:26 pm
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14454

Re: I tried to fire my financial advisor of 12 years today...

Do you think it’s best I pay a Vanguard advisor to help with this? And then once it’s tight I can release them? Or, should I just have my tax guy help me? Some people asked the funds I was in. Here is a list: AMZN APPL ACP CVX FCAVX HDGIX EFA EEM SEEGX NEZYX SDY TINGX TIBIX You indicated that this ...
by Veritas Simplex
Fri May 03, 2019 12:18 pm
Forum: Personal Investments
Topic: Should I Continue Using Vanguard Personal Service Advisor?
Replies: 10
Views: 1590

Re: Should I Continue Using Vanguard Personal Service Advisor?

drzzzzz wrote:
Thu May 02, 2019 10:01 pm
I think you should be asking why did you enroll with them, what do u want them to do for you, and can you do that stuff by yourself. The last answer is likely yes, but that is for you to decide (and save the expenses since you have a fairly uncomplicated portfolio).
+1
by Veritas Simplex
Tue Apr 30, 2019 8:51 pm
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 39
Views: 6092

Re: Vanguard Personal Advisor Services

Between my wife and I, we have five accounts at Vanguard (2x IRA, 2x Roth, plus Non-retirement). Does anyone know if VPAS will manage allocation across accounts, or will it implement the same "4 fund portfolio" in each of the accounts? Yes, Vanguard PAS will manage across accounts as one portfolio,...
by Veritas Simplex
Thu Apr 18, 2019 6:47 pm
Forum: Personal Investments
Topic: Currently with Schwab private client--and decided to get out--but what to do
Replies: 16
Views: 2791

Re: Currently with Schwab private client--and decided to get out--but what to do

Schwab Private Client is a high cost service and the fees really eat into your returns. Also have found them not to be especially tax sensitive. Moving to a 3 or 4 fund portfolio at Schwab makes sense, as they have several low cost funds and ETFs. Just be mindful of embedded gains in taxable account...
by Veritas Simplex
Thu Apr 18, 2019 6:33 pm
Forum: Personal Investments
Topic: TD Ameritrade Automatic allocation
Replies: 3
Views: 297

Re: TD Ameritrade Automatic allocation

Welcome to the forum! What are your options in the 401(k) plan without using the self-directed brokerage options? It would help if you post the fund names and expense ratios available through your main plan menu. You're correct that the self-directed option can be costly for a 401(k) account where y...
by Veritas Simplex
Thu Mar 07, 2019 4:02 pm
Forum: Personal Consumer Issues
Topic: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL
Replies: 69
Views: 6078

Re: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL

It reminds me of a friend at work who used to accuse any of us who bought "foreign" cars of being unpatriotic and not supporting American industry. He would often point out that he always bought American cars. When he bought a Ford Crown Vic, I proceed to point out that his car was made in Canada, ...
by Veritas Simplex
Tue Mar 05, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL
Replies: 69
Views: 6078

Re: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL

Have taken test drives on several compact SUVs recently, and was most impressed by the CX-5. Mazda offers lots of standard safety features such as blind spot monitoring on all its trims. Agree with previous post on limited cargo space, which is the only real drawback I see with the vehicle. Loved th...
by Veritas Simplex
Tue Feb 19, 2019 5:09 pm
Forum: Personal Investments
Topic: Opinions on VG advisor's recommendations
Replies: 34
Views: 4600

Re: Opinions on VG advisor's recommendations

Great decision to leave Amerprise. Vanguard's recommendations are fairly streamlined. You could consolidate holdings further by foregoing the 2 Investment Grade Bond Funds (corporates) in favor of Total Bond Market Index (mostly government). You can decide if you prefer the potential of higher inter...
by Veritas Simplex
Wed Sep 19, 2018 1:31 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 49
Views: 4478

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

OP, more important for your grandma and her heirs is estate planning. What steps, if any, has she taken? Has she created a trust? With a $7M portfolio, her estate is greater than the individual exemption, exposing her estate to taxes potentially at the highest bracket. This is not correct, although...
by Veritas Simplex
Wed Sep 19, 2018 1:05 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 49
Views: 4478

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

OP, more important for your grandma and her heirs is estate planning. What steps, if any, has she taken? Has she created a trust? With a $7M portfolio, her estate is greater than the individual exemption, exposing her estate to taxes potentially at the highest bracket.
by Veritas Simplex
Wed Sep 19, 2018 12:21 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 49
Views: 4478

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I would have her transfer everything to Vanguard PAS advisory service and stay out of making recommendations. PAS will have trouble jamming this portfolio into the PAS box, due to the numerous individual stocks and REITS with capital gains, plus the individual muni bonds. Agree with the other comme...
by Veritas Simplex
Wed Sep 19, 2018 9:42 am
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 49
Views: 4478

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I would have her transfer everything to Vanguard PAS advisory service and stay out of making recommendations. PAS will have trouble jamming this portfolio into the PAS box, due to the numerous individual stocks and REITS with capital gains, plus the individual muni bonds. Agree with the other comme...
by Veritas Simplex
Sun Sep 16, 2018 1:08 pm
Forum: Personal Investments
Topic: Vanguard Advisor suggesting 7 Bond funds for my 40%
Replies: 44
Views: 6677

Re: Vanguard Advisor suggesting 7 Bond funds for my 40%

Decided to have Vanguard look at my all Vanguard portfolio (60% stock/40% bonds) with a push for simplification. The proposed stock changes I understand. For bonds, I previously only had 3 Vanguard bond 'funds'. Mostly the Total Bond Market Index fund, GNMA fund and one Treasury Note (TIPs). The su...
by Veritas Simplex
Thu Sep 06, 2018 3:43 pm
Forum: Personal Investments
Topic: Please review consolidated Portfolio and advice
Replies: 6
Views: 452

Re: Please review consolidated Portfolio and advice

I understood your post to mean that you rolled the after-tax $ to the Roth IRA and the the pre-tax $ to the Rollover IRA, is that correct? (Which would be the usual order of things).
by Veritas Simplex
Thu Sep 06, 2018 12:23 pm
Forum: Personal Investments
Topic: Please review consolidated Portfolio and advice
Replies: 6
Views: 452

Re: Please review consolidated Portfolio and advice

Hello, Thanks to advice from you all on a couple of my posts, I've now consolidated all my investments into a single portfolio as suggested. https://drive.google.com/uc?export=download&id=1HGevdSzq9CFc3k0uDQhC96kjjCa1m3kY I'm single, 35, planned retirement 65. My goal is to get to a 90/10 across th...
by Veritas Simplex
Tue Sep 04, 2018 6:41 pm
Forum: Personal Investments
Topic: Help with 401K Allocation
Replies: 5
Views: 505

Re: Help with 401K Allocation

Get rid of the Oppenheimer fund, too. Based on your previous post, are you intending to manage your taxable account at Vanguard and this Fidelity 401(k) separately or as 1 portfolio. (I recommend as 1 portfolio). If 1 portfolio, fill the 401(k) with the Fidelity Bond Index Fund up to 20% of your tot...
by Veritas Simplex
Mon Sep 03, 2018 8:38 am
Forum: Personal Investments
Topic: Evaluate Vanguard's Proposed Plan for my portfolio
Replies: 22
Views: 2340

Re: Evaluate Vanguard's Proposed Plan for my portfolio

Hello Everyone! I'm a novice/hands-off investor. I opened a Vanguard account 2 years ago and invested the bulk of my funds in the "Vanguard 500 Index Fund Admiral Shares". Now that I have considerable $$ in it, I would like to set up better diversification. The Vanguard Personal Advisor has drawn u...
by Veritas Simplex
Fri Aug 24, 2018 12:13 pm
Forum: Personal Investments
Topic: Should I Go With Vanguard PAS After This Recommendation?
Replies: 28
Views: 2485

Re: Should I Go With Vanguard PAS After This Recommendation?

[/quote] Yes, I made sure the taxable account received the step up basis. I inherited VTMSX, VEXAX, VIMAX (Small & Midcaps), but selling these funds would only create a $1500 capital gain. My father had a large chunk of change in Vanguard Health Care Fund (VGHAX) that is going to leave me with a 4K ...
by Veritas Simplex
Thu Aug 23, 2018 11:14 pm
Forum: Personal Investments
Topic: Should I Go With Vanguard PAS After This Recommendation?
Replies: 28
Views: 2485

Re: Should I Go With Vanguard PAS After This Recommendation?

Apparently due to your time horizon (75 years as PAS assumes age 100 longevity), they are recommending 100% stocks. You could certainly make a case for this allocation, but it really depends on your appetite for risk. Would you want to sell out of the market it this portfolio dropped by 40-50% ($70K...
by Veritas Simplex
Thu Aug 02, 2018 5:45 pm
Forum: Personal Investments
Topic: Choosing 401k funds
Replies: 6
Views: 526

Re: Choosing 401k funds

Given the choices, you've created the 3 fund portfolio. Just note that the EAFE International Index does not include emerging markets. You also have the option to add the Russell 2000 Small-Cap Index if you wished to approximate the Total Stock Market Index. However, high correlation between the S&P...
by Veritas Simplex
Sat Jul 21, 2018 7:39 pm
Forum: Personal Investments
Topic: Why should tax deferred investments differ from taxable?
Replies: 5
Views: 558

Re: Why should tax deferred investments differ from taxable?

The CFP is referring to asset placement or asset location. Depending on your income tax bracket, the spread between income tax rates and long-term capital gains rate may be significant. Bonds regularly produce dividends which are taxed as ordinary income, while stocks held over 1 year produce long-t...
by Veritas Simplex
Tue Jul 10, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmas Living Trust... Need Advice
Replies: 22
Views: 1672

Re: Grandmas Living Trust... Need Advice

How the agent explained it to me; She has 2 different Annuities that are 100% liquid and not paying her out anything. That is just over $400k. She had 1 annuity that is currently paying her 1100 a month that had 130k. That however is not “liquid” Then she has the IRA that was in my grandfathers nam...
by Veritas Simplex
Thu Jun 28, 2018 11:50 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7046

Re: Vanguard is really pushing their Personal Adviser Service

averagedude: ...A $500000 with PAS would cost $1500 every single year. Just to take Vanguard's side, a $500000 three fund portfolio with no advisory service, they only make about $250 a year. If you get statements in the mail and you call them several times a year, i have to wonder how they are maki...
by Veritas Simplex
Tue Jun 26, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: feedback on portfolio created by Vanguard PAS
Replies: 16
Views: 1958

Re: feedback on portfolio created by Vanguard PAS

As others have noted, the "complexity" is due to the rep working around your existing holdings and capital gains, so it's a reasonable result. You mentioned that you are of a "conservative nature"..while 70/30 is a good allocation for long-term growth, it's not really conservative, so consider that.
by Veritas Simplex
Tue Jun 26, 2018 8:16 pm
Forum: Personal Investments
Topic: Schwab or Vanguard simple ETFs portfolio at Schwab
Replies: 11
Views: 1299

Re: Schwab or Vanguard simple ETFs portfolio at Schwab

Welcome! Since you've made the decision to use Schwab, and you'll be making periodic investments, you'll want to avoid commissions by using the Schwab ETFs to construct your portfolio. $15 a month in commissions is $180 a year, which negates much of the value of low-cost index investing. Be aware th...
by Veritas Simplex
Sat Jun 23, 2018 12:00 pm
Forum: Personal Investments
Topic: Help with existing 401k Choices
Replies: 10
Views: 1245

Re: Help with existing 401k Choices

Of course since it's her money she needs to be completely on board with any changes. The current allocation is OK, except for the Diamond Hill Fund, 58 bps, large value, lots of overlap with VIIIX and stock portion of VBAIX. In turn, VIIIX and VBAIX stock allocation overlaps as well. And VBAIX overl...
by Veritas Simplex
Tue Jun 12, 2018 8:41 pm
Forum: Personal Investments
Topic: Vanguard Advisor Services
Replies: 45
Views: 4644

Re: Vanguard Advisor Services

One observation I'd share is that in five years, you note that no changes have been necessary in your portfolio. Advisors (not just PAS) love to tout the benefits of rebalancing. Why? Because it's one of the few things they can control. In practice, rebalancing is only necessary if the stock market ...
by Veritas Simplex
Tue Jun 12, 2018 8:25 pm
Forum: Personal Investments
Topic: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!
Replies: 20
Views: 2424

Re: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!

Be aware that Vanguard PAS will want her to diversify the portfolio by selling most or all her munis and reinvest in Vanguard funds. Make sure she is prepared to accept a complete restructure of the portfolio. Agree that portfolio could benefit from a higher stock allocation. Again, make sure she is...
by Veritas Simplex
Tue Jun 12, 2018 1:14 pm
Forum: Personal Investments
Topic: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!
Replies: 20
Views: 2424

Re: Need Investment Advice! Continue with Raymond James or Swap to Vanguard!

Munis in a client's IRA? As they say, good for the firm, good for the broker - 2 out of 3 ain't bad! This account sounds like a traditional full service brokerage model which does not charge AUM fees, but makes money on the spread trading the bonds from their inventory, and commissions on the REITs,...
by Veritas Simplex
Wed Jun 06, 2018 8:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 9142

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

A trend over the past several years with employer sponsored plans has been to streamline offerings, reducing the "analysis paralysis" inherent in large fund lineups. As an example, DW 401(k) used to offer every Fidelity Mutual Fund, including the Select Funds (sectors) and a slew of third party offe...
by Veritas Simplex
Sat Jun 02, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4767

Re: Friends with an EJ Advisor

Tell him that you don't mix business with pleasure. Leave it at that.
by Veritas Simplex
Sun May 27, 2018 9:26 am
Forum: Personal Investments
Topic: Bond fund choice in 401K has 0.43% expense ratio
Replies: 7
Views: 730

Re: Bond fund choice in 401K has 0.43% expense ratio

While not ideal, the DODIX bond fund in the 401(k) is a decent choice. You'll reap the advantage of holding stocks in your taxable account (taxed at capital gains rates) as opposed to munis, which should return less. Since you said you'll probably retire within 5 years, a rollover of your 401(k) to ...
by Veritas Simplex
Mon May 21, 2018 3:40 pm
Forum: Personal Investments
Topic: Can I transfer brokerage Acct without speaking to FA?
Replies: 20
Views: 1478

Re: Can I transfer brokerage Acct without speaking to FA?

@MP123 He is not my “former” FA yet but will be very soon. Is it rare for a managed brokerage account to have a spread of individual stocks like that? I know his fee is 1.5% per year paid quarterly but I have no idea if he gets paid per transaction by citi. I am in the 33% tax bracket and filing ma...
by Veritas Simplex
Sat May 19, 2018 12:03 pm
Forum: Personal Investments
Topic: Portfolio Help - 401(k), Roth, and Other Decisions
Replies: 3
Views: 326

Re: Portfolio Help - 401(k), Roth, and Other Decisions

Welcome to the form! Your AA of 80/20 stock/bond is appropriate for your age/time horizon. Due to tax treatment, I prefer stocks in the Roth, due to the potential for greater appreciation without taxation. Place your bond allocation in the 401(K), as bonds should appreciate less over time, and those...
by Veritas Simplex
Thu May 17, 2018 1:36 pm
Forum: Personal Investments
Topic: Best Vanguard funds for the three or four portfolio technique?
Replies: 16
Views: 3341

Re: Best Vanguard funds for the three or four portfolio technique?

Yes, it really is. Virtue in simplicity. With the 3 fund portfolio, you'll have the broad diversification of over 10,000 stocks and 8,000 bonds at an extremely low cost.
by Veritas Simplex
Wed May 16, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Philly.com: Bogleheads say Vanguard's hybrid robo-advisor can be great training
Replies: 11
Views: 2691

Re: Philly.com: Bogleheads say Vanguard's hybrid robo-advisor can be great training

Nitpick: without actually dealing with them, I can't be sure what they would do, but I would be surprised if it is not a four -fund portfolio these days (i.e. Vanguard Total Bond Market Index Fund and Vanguard Total International Bond Index Fund), as in their LifeStrategy and later-retirement-date ...
by Veritas Simplex
Wed May 09, 2018 12:34 pm
Forum: US Chapters
Topic: Arizona Chapter
Replies: 103
Views: 15043

Re: Arizona Chapter

Interested, please keep me on notification list. Can't make the meeting on 5/17.
by Veritas Simplex
Wed May 09, 2018 12:30 pm
Forum: Personal Investments
Topic: [Vanguard Personal Advisor]
Replies: 2
Views: 510

Re: vangurd pesonnel advisor

Vanguard Personal Advisor offers portfolio management and some limited financial planning. The recommended portfolio allocation will mirror the Vanguard Target Retirement or Life Strategy Funds, utilizing their 4 "core' index funds - Total Stock, Total Bond, Total Int'l Stock and Total Int'l Bond, w...
by Veritas Simplex
Wed May 09, 2018 12:26 pm
Forum: Personal Investments
Topic: Edward Jones to Index funds model
Replies: 18
Views: 2528

Re: Edward Jones to Index funds model

Welcome to the forum! Definitely the correct decision to exit EJ ASAP. Vanguard, Schwab and Fidelity offer low cost index mutual funds and ETFs to investors. Depending on the size of your account, you may receive a transfer bonus from firms other than Vanguard. You'd need to inquire with the individ...
by Veritas Simplex
Sun Apr 01, 2018 9:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard U.S. Growth: Give me a reason
Replies: 20
Views: 7090

Re: Vanguard U.S. Growth: Give me a reason

Ah yes, US Growth. It was good before it was bad and it was bad before it was good. I'm old enough to remember both! An abject lesson in active fund investing.
by Veritas Simplex
Sun Apr 01, 2018 9:14 pm
Forum: Personal Investments
Topic: Ameriprise advisor question
Replies: 12
Views: 1355

Re: Ameriprise advisor question

If expense ratios are in the 40 bps range, perhaps the Amerprise Advisor is utilizing ETFs. Would need to see the portfolio holdings to confirm. In that case, your friend may be able to hold the funds "as is" with a in-kind brokerage transfer to another firm like Schwab or Fidelity. That way, would ...
by Veritas Simplex
Sat Mar 10, 2018 8:48 pm
Forum: Personal Investments
Topic: Schwab Intelligent Advisory
Replies: 23
Views: 3874

Re: Schwab Intelligent Advisory

If you decide to give it a go, I'd be inclined to do so in an IRA or deferred account as opposed to a taxable account. Not sure how actively SIP uses tax-loss harvesting, and given the large number of funds used, it could be a pain come tax time.
by Veritas Simplex
Sat Mar 10, 2018 8:44 pm
Forum: Personal Investments
Topic: Best way to approximate VTSAX with my 401k choices
Replies: 30
Views: 2242

Re: Best way to approximate VTSAX with my 401k choices

It's unfortunate to see that kind of markup, but someone has to pay the administrative costs of the plan. (Although I don't doubt Hancock takes a hefty slice of the action). I would approximate VTSAX with a "four corners" strategy: VSGAX - small-cap growth index fund - 10% VSIAX - small-cap value in...
by Veritas Simplex
Tue Feb 20, 2018 5:20 pm
Forum: Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 75
Views: 13417

Re: How do I unwind this Wealthfront mess?

You can also stop reinvesting dividends on any of the individual stocks you decide to retain.
by Veritas Simplex
Tue Jan 23, 2018 8:53 am
Forum: Personal Investments
Topic: Vanguard Advisor Recommendation
Replies: 9
Views: 1212

Re: Vanguard Advisor Recommendation

The difference between the 3 fund portfolio and the Vanguard recommended portfolio is the inclusion of the Total International Bond Index Fund.
by Veritas Simplex
Sat Jan 13, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: COBRA alternative for 1 month? (it's $2,400 per month!)
Replies: 69
Views: 6225

Re: COBRA alternative for 1 month? (it's $2,400 per month!)

The 55 days which have passed. Essentially, using the grace period for paying the premium.
by Veritas Simplex
Sat Oct 14, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: About Vanguard advisors: opinions, thoughts?
Replies: 78
Views: 10914

Re: About Vanguard advisors: opinions, thoughts?

With Vanguard PAS, gathering AUM with the .3% fee is the objective. Advisors are expected to convert a certain percentage of clients they prepare plans for to the ongoing PAS management. Advisors who meet the goal are rewarded and those who don't will probably earn less.
by Veritas Simplex
Sat Oct 14, 2017 12:29 pm
Forum: Personal Investments
Topic: Approximating Total US Stock Market With Funds in My 401k
Replies: 3
Views: 624

Re: Approximating Total US Stock Market With Funds in My 401k

You can review the wiki on "approximating Total Stock Market". With the funds you have available, it's 81% Fidelity 500 Index and 19% Fidelity Extended Market Index to replicate the total market. Good call on selecting low cost index funds, over your 25 year investing horizon, you'll be richly rewar...
by Veritas Simplex
Fri Sep 08, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 6010

Re: Should I do 20 or 25 Year Term Life Insurance?

Many good suggestions here. I like the idea of splitting the insurance need into 2 or 3 policies. Either a 10 & 20 or a 10/20/30 year term. Most importantly, define the need for insurance. Is it to pay off debts, mortgage, etc.? Put kids through college? Generate income for stay at home spouse? Prob...