Search found 64 matches

by Socal77
Tue Sep 04, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a house
Replies: 28
Views: 2479

Re: Talk me out of buying a house

You are also unmarried and only 31 years old. If/when you get a spouse, where you want to live should be a decision you make together. I tend to agree. What NEED is there for a single person to buy a SFH even a small one let alone one on 5 acres? You don't need the room. You don't need the school s...
by Socal77
Tue Aug 07, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Relaxing - quieting the mind
Replies: 47
Views: 3153

Re: Relaxing - quieting the mind

Meditation app "Breathe." Free content or pay for full access.

Exercise, especially cardio.

Study Senecas' "Letters from a Stoic" and Marcus Aurelius' "Meditations."
by Socal77
Wed Aug 01, 2018 12:42 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73928

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

rgs92 wrote:
Wed Aug 01, 2018 12:34 pm
I wish they would also have this for a total bond market fund.
I also wish they would have one for a balanced index fund that is not a target fund. (Or at least with an ER under 5 basis points. They have no such fund. 4-in-1 has too high a stock allocation to qualify.)
Ditto
by Socal77
Wed Aug 01, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
Replies: 753
Views: 73928

Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)

triceratop wrote:
Wed Aug 01, 2018 11:43 am
I merged several duplicate topics into this first one by jhfenton (the system orders by time).

(Me personally I would still not use the funds; for tax reasons and because I'm not receiving the full rewards of the risks they take with my money in securities lending)
Would you elaborate? Thanks
by Socal77
Thu Jul 26, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Anyone find a better all-in-one bond fund than FTBFX?
Replies: 5
Views: 705

Re: Anyone find a better all-in-one bond fund than FTBFX?

I use iShares total bond ETF AGG, expense ratio .05. Available commission free (as long as not frequently traded) in Fidelity accounts.
by Socal77
Wed Jul 11, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2221

Re: Living above means until March 1st

Make a list of all the tailwinds you have pushing you forward. Chances are they are much more powerful than this tiny headwind that faces you now.
by Socal77
Fri Jul 06, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 55
Views: 7502

Re: Fidelity cash position

I just started using iShares SHV (Ultra short term treasury ETF) in my taxable and 401K brokerage accounts. Its average maturity is ~.45 years, has an SEC yield currently of 1.89%, and expense ratio of .15%. It's a no transaction fee fund through Fidelity. You gotta watch this at Fidelity. While th...
by Socal77
Fri Jul 06, 2018 2:46 pm
Forum: Investing - Theory, News & General
Topic: Fidelity cash position
Replies: 55
Views: 7502

Re: Fidelity cash position

I just started using iShares SHV (Ultra short term treasury ETF) in my taxable and 401K brokerage accounts.

Its average maturity is ~.45 years, has an SEC yield currently of 1.89%, and expense ratio of .15%.

It's a no transaction fee fund through Fidelity.
by Socal77
Wed Jul 04, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

BA Economics, Cum Laude, 2008 - Cal State Long Beach. Hello, fellow CSULB Econ grad. :sharebeer And it's very interesting that I have a nearly identical plan, except my love is teaching. And I'm trapped in DC, not Wisconsin. :wink: I think it's totally reasonable to be able to get into a budget job...
by Socal77
Tue Jul 03, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

My guess is that with your experience (ie age) and only having an economics background, it would probably be tough getting a job in a corporate finance function. Typically you'd want to see at least a finance degree and preferably an MBA. And even then you are competing with people a decade younger...
by Socal77
Tue Jul 03, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Small business owners. Would you share your trade secrets?
Replies: 0
Views: 333

Small business owners. Would you share your trade secrets?

Only joking. :D

What industry and would you still recommend entering that particular market?

Thanks
by Socal77
Tue Jul 03, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

It is often extremely hard to get an IT job in your 40's even with relevant experience, let alone as a newbie to the field. I sure wouldn't bet the farm on it. This is from the vantage point of my own personal experience (and from many good, educated, formerly successful co-workers). As far as I ca...
by Socal77
Mon Jul 02, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 13314

Re: Expected returns for 80/20 stock bond for next 10 years.

A realistic return number for an 80/20 allocation is 5% nominal and 3% real. Sorry I was not clear in that. This is not accurate according to historical returns. Realistic nominal returns are between 7-10 5 nominal 3 real can be accurate for the next decade due to current valuations. But still, eve...
by Socal77
Mon Jul 02, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

I further agree that IT is the most viable entry level route given your background and desires. They are not much concerned about what your degree is in if you can complete certs and display necessary practical skills. Consider CRM or ERP administration too - very comfy IT jobs with no established ...
by Socal77
Mon Jul 02, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

Thanks for bearing with me. Here are my questions: 1) Am I employable in an entry level finance/economics/academic administration job with the above experience? (I'm not a "recent grad.") 2) Are there any valuable certificates I could complete that would drastically increase my finance employment o...
by Socal77
Mon Jul 02, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

Have you considered IT? Given your background it may be a better fit. I am thinking you don't have to conform to typical norms as much (age, experience etc) and your ability may be more important than where you belong and fit in a corporate finance org chart. Best of luck! Thanks. I have and am con...
by Socal77
Mon Jul 02, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Re: Dear wise Bogleheads, ideas highly appreciated...

This is a certificate I think would be useful: https://www.ethicssolutions.net/training.html. It is the idea of Richard J. Maybury and something we need to get back to teaching IMHO. I think you can do what you’ve outlined. You seem like a focused and determined guy! Thank you. That would be an int...
by Socal77
Mon Jul 02, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]
Replies: 15
Views: 2887

Dear wise Bogleheads, ideas highly appreciated... [Move, Switch Career]

Synopsis: 43, single, no debt, obligations, or responsibilities. Net worth ~$460,000. ~$360,000 tax deferred assets. ~$105K in emergency fund/real estate down payment/early retirement fund, etc. which will be approximately $125K when I hit my 20 year employment milestone (in March 2019). At that tim...
by Socal77
Wed Jun 27, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11054

Re: Lost out on promotion

RadAudit wrote:
Tue Jun 26, 2018 7:18 pm
Condolences.

While I was employed, I was never able to figure out the calculus of some promotions vs. others. Lots of moving parts. And sometimes, it is not necessarily what it appears to be.

Note my signature.
Like
by Socal77
Wed Jun 27, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Do you/How do you stress-test your plan?
Replies: 29
Views: 1655

Re: Do you/How do you stress-test your plan?

401K & Brokerage Stress Test 3 std. dev. loss Ending Balance $160,987.68 Loss $104,770.12 Cash $91,649.00 Ending Balance with cash included $252,637 Total Loss @ 3 std. dev. 29% Then I double/triple the stock balance to feel good about how much it could grow during the next bull. In the above scenar...
by Socal77
Wed Jun 13, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Thrivent?
Replies: 17
Views: 1883

Re: Thrivent?

Where I moved I see people wearing Thrivent T-Shirts where the "T" in Thrivent is a christian cross and states "Live Generously."

I wouldn't touch their services with a ten foot pole. They make Edward Jones look like saints.
by Socal77
Mon Jun 11, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 14429

Re: Best Advice You Never Took

From the infamous Alex "Mousey" Ostrowsky.

"Matt... Don't ever get married."
by Socal77
Mon Jun 04, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I use an HSA?
Replies: 15
Views: 1630

Re: Should I use an HSA?

HDHP/HSA is great for people who don't need or want to consume much healthcare, or who can pay healthcare from non HSA money. Even if I do go to the doctor the visit is between $150 half hour, to $300 full hour. Any medications extra but thy're usually pretty cheap anyway. Of course a big health iss...
by Socal77
Sun May 27, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or sell primary residence condo after job move?
Replies: 23
Views: 1796

Re: Keep or sell primary residence condo after job move?

If you are happy where you live, then why are you looking for jobs elsewhere? Why not set your roots where you are? I should have provided a more clarified answer: I'm happy with our condo location, neighborhood and "life outside work". As to why I'm not happy with my current job, the answer will n...
by Socal77
Wed May 16, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Certified Financial Planner
Replies: 21
Views: 2367

Re: Becoming a Certified Financial Planner

I completely understand and agree that "fee only hourly" is technically the most correct way to advise investment decisions. However I'd like to add that there is nothing unethical about gathering assets and charging an AUM fee so long as it small. What does Vanguard charge? .4 percent AUM? The reas...
by Socal77
Tue May 15, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9569

Re: Does it make sense to rent as a retiree?

Another benefit to owning is your mortgage (if you have one) deflates while rents rise. In effect you are reducing your personal inflation rate as long as house/condo related expenses are in check. This can be huge for places like Socal where rents can rise significantly in a short period of time an...
by Socal77
Tue May 08, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1228

Re: Trying to understand inflation

I’m trying to understand inflation in relation to how to calculate how much I need in Retirement (total dollar amount). I’m using Calculator Soup Investment calculator and here are the numbers I’m inputting: Beginning Investment amount: $100,000 Number of years: 23 Interest Rate: 7% Compounding: Mo...
by Socal77
Tue May 08, 2018 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1228

Re: Trying to understand inflation

I’m trying to understand inflation in relation to how to calculate how much I need in Retirement (total dollar amount). I’m using Calculator Soup Investment calculator and here are the numbers I’m inputting: Beginning Investment amount: $100,000 Number of years: 23 Interest Rate: 7% Compounding: Mo...
by Socal77
Mon May 07, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 18552

Re: What Percentage CASH are you?

Total Asset Allocation...................................All Assets......Without Checking & Savings Stocks.................................$231,658.13.......51.0%...........60.2% Bonds.................................$62,894.87.........13.8%...........16.4% Cash...................................$15...
by Socal77
Wed May 02, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 11852

Re: Have you quit eating sugar? Tell me how!

Don't buy trigger foods.
by Socal77
Mon Apr 23, 2018 9:34 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 14503

Re: How Far is too Far, Commuting?

Let your well-being tell you the answer. I made one of the worst decisions of my life; moving to the midwest from sunny socal, partly due to the fact I wasn't thinking clearly due to fatigue from long work days and a long commute. It also contributed to marriage problems and I divorced a few years b...
by Socal77
Thu Apr 19, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 36
Views: 4184

Re: Negotiating for a new Toyota.

Use Edmunds.com

Look up what you want then Edmunds will forward your information to nearby dealers who will compete with each other to get the sale.
by Socal77
Thu Apr 19, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: Do you use Yahoo? New Privacy Terms
Replies: 32
Views: 3523

Re: Do you use Yahoo? New Privacy Terms

For mail I use gmail, I'm not sure if they do the same thing. I like yahoo for the finance section and commentary. But there's way too much shady advertising on the front news page.
by Socal77
Wed Apr 18, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: Some basic questions about bond index funds
Replies: 23
Views: 2629

Re: Do we need to know everything about our investments?

Thanks Taylor. So basically you're saying: no one understands bonds (let alone bond funds) but it's still a good idea to invest in them anyway. ibhhbc: Most of us own a car. How many of us understand everything about our car? In my opinion, few of us (including me) know everything about our investm...
by Socal77
Tue Apr 17, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 8016

Re: Help me explain why pre-tax investing can help when retiring in same bracket

Does anyone know the reasoning used when passing the individual ROTH option legislation?

And then of course there is the Roth 401K option that has a higher contribution limit, if you have a company sponsored defined contribution plan.
by Socal77
Tue Apr 17, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's
Replies: 29
Views: 4220

Re: Lazy Portfolio - Using Fidelity ETF's Vs Vanguard ETF's

Thanks again. I have lots of thinking to do but I am now considering the following: 40% - AGG 20% - IXUS 40% - ITOT The annual expense ratio would be .0540% and the annual expense dollars would be $756. I appreciate all of the advice. Thanks. I'm with Fidelity too. That mix is exactly what I have i...
by Socal77
Thu Apr 12, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Need vacuum recomendations
Replies: 21
Views: 1874

Re: Need vacuum recomendations

Posting a little late but I like Panasonic for any type of home electronic device (not entertainment) because of the quality and reliability.

I bought a Panasonic vacuum cleaner online because the brand is not easy to find at the common big box stores.
by Socal77
Tue Apr 10, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 9410

Re: Why not annuitize most of portfolio?

Inflation.

Maybe annuitize most of your portfolio when you forecast your time left wouldn't deflate your payment significantly.
by Socal77
Wed Apr 04, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 12142

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

This thread gives the impression that some Bogleheads are similar to high school bullies. Very disappointing. Congrats to a young couple trying to gain independence, both personally and financially. It's very common for people to live a lifestyle where they are financially tied to the whims and dema...
by Socal77
Thu Mar 29, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 19754

Re: Are we missing recession /bear market beginning

Here's my philosophy for what it's worth. My wife and I are in our mid 40's managing approximately $3,000,000 in our non real-estate retirement/non-retirement investment accounts. The market definitely just experienced a correction. Whether we are in the start of a bear market or a recession - the ...
by Socal77
Wed Mar 28, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 13010

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

For me though its often useful to start with a specific example or “story” and then see what useful generalities might emerge out of it. Did Either of you ever see “Out of Africa” with Meryl Streep and Robert Redford? This is one of my favorite scenes...she tells a story but asks someone to give he...
by Socal77
Wed Mar 28, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Is technical analysis all smoke and mirrors?
Replies: 62
Views: 6252

Re: Is technical analysis all smoke and mirrors?

Here's a rhetorical question. Does technical analysis foretell the exogenous shocks that could happen at any time in the future?
by Socal77
Tue Mar 27, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 13010

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

Rather than equal thirds, why not just set the asset level of the TIPs and/or annuity leg so that it plus SS covers projected expenses in real terms? This would then be the income flooring method, and because projected expenses are covered, any remaining assets then could be invested aggressively o...
by Socal77
Tue Mar 27, 2018 5:47 pm
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 13010

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

simple man wrote:
Tue Mar 27, 2018 3:36 pm
3 legged stool??? I am conservatively predicting a single leg - my investments - going up and down with market....i.e. a POGO STICK! :D
LoL!
by Socal77
Tue Mar 27, 2018 11:43 am
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 7450

Re: Concerns with Vanguard

I like "free riding" at Fidelity because as a Boglehead investor I can use any of their no transaction fee index funds, or Blackrocks commission free iShares ETF's, and create Vanguard like products and costs or better. If I do need something Fidelity's customer service is good (meaning they pick up...
by Socal77
Tue Mar 27, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 137
Views: 13010

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

Just a little gripe about that "three-legged stool" phrase. I don't know who invented it. It's annoyed me for a long time. It's just a way of taking a chaotic, patchwork, unplanned, irrational, inadequate situation and pretending that it is a rational system designed to meet a need. It's sort of li...
by Socal77
Mon Mar 26, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: TLH question: Am I missing anything?
Replies: 22
Views: 1267

Re: TLH question: Am I missing anything?

OK. Is my understanding correct of TLH? If I TLH a $1000 loss I can deduct my marginal tax rate of 22% so my actual loss for that year is only $780? And from what I understand the max TLH benefit is $3500 yearly? So I would have to TLH a loss of $15,909 dollars to get my full yearly loss of $3500. ...