Search found 70 matches

by Captain kangaroo
Thu Nov 08, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: Do you prefer etfs or mutual funds?
Replies: 52
Views: 4675

Re: Do you prefer etfs or mutual funds?

ETF's because I can move them around brokerages easier and they're more tax efficient.
by Captain kangaroo
Wed Nov 07, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7438

Re: Never thought of living in Bay Area but just got a call from Tesla

Couldn't pay me enough to move to the Bay area. Would never even consider it.
by Captain kangaroo
Mon Nov 05, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 94
Views: 7834

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

Are these programs only good for year end income taxes? Or can I use it through out the year to help me calculate my quarterly taxes on bond interest and dividend income
by Captain kangaroo
Tue Oct 30, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 2740

Re: ETF provider State Street unintentionally promotes traditional index funds

ETF's are much more portable then Mutual Funds, which is why I went with them. I can trade my Ishares ETF portfolio for free at Vanguard, Merrill Edge, Fidelity, M1 Finance. If I have Vanguard Admiral Shares..my only real option is the Vanguard platform. If I ever want to leave them, I am kinda out ...
by Captain kangaroo
Tue Oct 30, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: Are you too wealthy for a LIQUID emergency fund?
Replies: 29
Views: 4899

Re: Are you too wealthy for a LIQUID emergency fund?

I have 20k in my emergency fund.

Wayyy more then 3 or 6 months expenses.

I love keeping a good portion of cash ready. You never know what might happen in life.
by Captain kangaroo
Tue Sep 18, 2018 2:40 am
Forum: Investing - Help with Personal Investments
Topic: At what point do you use muni bonds in taxable portfolio?
Replies: 2
Views: 621

At what point do you use muni bonds in taxable portfolio?

I am currently 100% stocks in a mid 6 figure portfolio. I want to go to 10% bonds. I always thought it was conventional wisdom to keep bonds out of a taxable account and try to keep them within IRA's. Would a total bond fund be too tax inefficient? Should I go with a national tax-free fund? I am in ...
by Captain kangaroo
Wed Sep 12, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy
Replies: 34
Views: 3707

Re: WSJ 9/12/18- Fidelity Doubles Down on Free Fund Strategy

Lowest ER in the game, some of the best customer service and technology. Fidelity is a no brainer at this point
by Captain kangaroo
Mon Aug 06, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21942

Re: "Don't Obsess About Expense Ratios"

Pre-Fidelity announcement:

"Lowest expense ratio possible is essential!"

Post-Fidelity announcement:

"Actually, don't worry about them! Stay with Vanguard!"
by Captain kangaroo
Sat Jul 21, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 2723

Re: Closing Wealthfront and Betterment accounts: Guidance requested

Off topic but how do you like M1 Finance? I am considering switching
by Captain kangaroo
Mon Jul 02, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35819

Re: What is/ was your career and would you recommend it now?

Police Officer..yes and no..mostly no. If you work in a wealthy area with good, well to do citizens who appreciate you..yes. If you work in a very, very bad inner city where drug dealing criminals are seen as oppressed victims of society and the police are seen as the evil oppressors for trying to s...
by Captain kangaroo
Tue May 29, 2018 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: How does it work when splitting an inherited property? Tax implications?
Replies: 6
Views: 771

How does it work when splitting an inherited property? Tax implications?

My brother and I inherited a family home, worth roughly 500k. He wants to keep the house, I don't, so he wants to buy me out.

Will he have to pay me 250k? Or do I get the full value at 500k because he is getting a 500k a house?

And then how will these proceeds be taxed?
by Captain kangaroo
Sat May 12, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How to find reputable person for Will/Trust?
Replies: 45
Views: 4093

Re: How to find reputable person for Will/Trust?

I had experience with US Trust inheriting a multi million dollar trust.

Horrible experience, ridiculous fees. Felt like I got scammed when all was said and done.
by Captain kangaroo
Mon Apr 23, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4560

Re: In-laws financial advisor rip off

They could be doing a lot worse then ML. Contrary to boglehead beliefs, I honestly don't think everyone is suited to manage their own money. If they're the type to panic sell during a downturn, dump all their money into "dividend stocks" and don't understand tax implications.. The 1% fee will be wor...
by Captain kangaroo
Wed Apr 18, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 12805

Re: Quitting job - what to do if getting walked to the door

Why bother giving two weeks notice? Pack your stuff bring it to your car, and come back in and say you quit. Giving two weeks is about not burning bridges and being respectful. This kinda goes out the window though when you're crossing the bridge to join a group of people who want the bridge to burn...
by Captain kangaroo
Sun Apr 15, 2018 1:38 am
Forum: Personal Consumer Issues
Topic: Used Ford Explorer: Limited vs. Sport trim
Replies: 4
Views: 582

Re: Used Ford Explorer: Limited vs. Sport trim

As an explorer owner. Make sure it has sync 3.

My ford touch is horrible.
by Captain kangaroo
Thu Apr 12, 2018 2:41 am
Forum: Investing - Help with Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 4169

Re: Crazy to start 529 without kids??

Thanks so much for the reply! I do live in a state with 529 tax benefits, which is part of the reason this idea caught my eye. Roth is maxed for 2017 and 2018. Currently don’t have any other tax-free or tax-helpful options. In a few months I might have a 401k investment option, but not guaranteed a...
by Captain kangaroo
Mon Apr 09, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Trust company sent information about my inheritance to relatives by mistake...
Replies: 3
Views: 1049

Trust company sent information about my inheritance to relatives by mistake...

The golden rule of an inheritance is "DONT TELL ANYONE"...well I didn't have to, the major US Trust company handling my parents estate just mistakenly sent out the complete portfolio I will be inheriting. They were supposed to mail out individual letters to the 7 relatives in my family who are being...
by Captain kangaroo
Mon Apr 09, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Structuring Newlywed Finances for Fairness and Less Arguments
Replies: 84
Views: 7274

Re: Structuring Newlywed Finances for Fairness and Less Arguments

This is my biggest fear when it comes to marriage. My girlfriend loves buying clothes, she isn't over the top about it, but she likes to buy a new outfit pretty regularly. I don't spend any money. I feel like friction would be created if we suddenly combined incomes, she started buying more stuff, w...
by Captain kangaroo
Sun Apr 08, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Blackrock: new portfolios which remove exposure to civilian firearms
Replies: 34
Views: 2114

Re: Blackrock: new portfolios which remove exposure to civilian firearms

Coca cola gives people diabetes.

Google, Facebook steal your information and invade your privacy.

Johnson and Johnson has abused animals with product testing.

Wal mart has crushed small businesses.

You can spin any company as being evil.
by Captain kangaroo
Tue Apr 03, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Index Admiral Shares or ETF's??
Replies: 20
Views: 1469

Re: Index Admiral Shares or ETF's??

I like etfs.. You can more easily more custodian.

Say you want to use Merrill edge as your brokerage.. Transfer in kind and trade for free etfs. Transfer to fidelity and trade for 4 dollars.

Admiral shares wouldn't transfer well.. Your only real option is Vanguard
by Captain kangaroo
Thu Mar 29, 2018 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4962

Re: Cosign college loan for sibling?

200k for a degree is just madness.
And no don't do it.

Your brother will get over you not signing it much easier then you will get over him stiffing you with a 50k bill.
by Captain kangaroo
Wed Mar 28, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 31
Views: 4809

Re: Why is Vanguard not answering the phone

Imagine if Vanguard funds were ntf at fidelity or schwab. That would be the perfect combination
by Captain kangaroo
Mon Mar 26, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 30
Views: 8422

Re: More bad news for Wealthfront

Just the simple math without bringing in the risk parity stuff: 8 Billion X 25 bps = 20,000,000 in revenue, total. They have to be bleeding cash at that level. So even if they find places to add revenue and continue to add assets they are a long ways from profitability/sustainability. These will no...
by Captain kangaroo
Sun Mar 25, 2018 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Trust income distributions to save tax
Replies: 14
Views: 1310

Re: Trust income distributions to save tax

Once the trust distributes money to you..it's out of your uncles control, it becomes your income. You shouldn't be forced to pay tax on money you aren't being given.. And also, I'd be wary of this joint account. Sounds like he is distributing trust money in YOUR name, to a joint account that HE has ...
by Captain kangaroo
Wed Mar 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out inherited IRA or just take RMD's?
Replies: 19
Views: 2019

Re: Cash out inherited IRA or just take RMD's?

I have an inherited IRA. I split it with my brother. I have been taking the RMDs annually and today, 7 years later, it is worth more than the day I inherited it. (I invested in a mix of Index funds). My brother took the RMD for a year or 2, and then he decided to buy a house and liquidated the acco...
by Captain kangaroo
Wed Mar 14, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Cash out inherited IRA or just take RMD's?
Replies: 19
Views: 2019

Cash out inherited IRA or just take RMD's?

What is the boglehead consensus for this? I am 29, 200,000 dollar inherited IRA. I can take RMD's or I was told cash the entire IRA out without penalty but would have to pay taxes on it. I assume if I cashed it out, the 200,000 would get hit with a pretty heavy tax bill come April.
by Captain kangaroo
Tue Mar 13, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with bank or other corporate Trust Department?
Replies: 38
Views: 2611

Re: Experience with bank or other corporate Trust Department?

Have experience with us trust when a relative died.

The 3% they took from the estate was a bit of a kick in the teeth..
by Captain kangaroo
Tue Mar 13, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with bank or other corporate Trust Department?
Replies: 38
Views: 2611

Re: Experience with bank or other corporate Trust Department?

Have experience with us trust when a relative died.

The 3% they took from the estate was a bit of a kick in the teeth..
by Captain kangaroo
Tue Mar 06, 2018 1:37 am
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 95
Views: 10549

Re: AAPL, AMZN, or GOOG?

Any tech etf.

If I had to pick an individual stock.. Nvidia.
by Captain kangaroo
Mon Mar 05, 2018 12:58 am
Forum: Personal Finance (Not Investing)
Topic: What is the tax situation look like for an inherited trust?
Replies: 11
Views: 883

Re: What is the tax situation look like for an inherited trust?

What did the trustee say when you called and asked them? I would expect them to be kind of knowledgeable in this area and they work for you. I haven't asked. I feel like information here is non-bias and straight forward. I would like to get the input of the forum before I ask questions to them and ...
by Captain kangaroo
Mon Mar 05, 2018 12:44 am
Forum: Personal Finance (Not Investing)
Topic: What is the tax situation look like for an inherited trust?
Replies: 11
Views: 883

What is the tax situation look like for an inherited trust?

Inheriting low 7 figure portfolio that is held in a trust and managed by ML. Trust stipulates I receive 1/3 principle at 30, 35, 40. From my research, any tax on money (interest, dividends, CG's) that is created by the trust, and recycled back into the trust, is paid for by the trust and not myself....
by Captain kangaroo
Sun Mar 04, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley wants my 410K and everything else, Why?
Replies: 63
Views: 5988

Re: Morgan Stanley wants my 410K and everything else, Why?

Merrill Edge is a full service brokerage same as Morgan Stanley. That inherited account would be assigned an FA and he would charge the same fees. Those "bonus and rewards" aren't free; Merrill Edge will get it back through their portfolio wrap fee. That's incorrect. Edge is a discount brokerage. I...
by Captain kangaroo
Fri Feb 23, 2018 12:21 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 37754

Re: What if you only live off dividends?

If my portfolio can give off 100,000 a year in dividends, I don't see the point in selling off my principal. If you have a sizeable portfolio, living off dividends and muni bond interest in retirement seems to be a far better idea then selling off principal. I want to leave money when I die. If you...
by Captain kangaroo
Thu Feb 22, 2018 10:16 pm
Forum: Investing - Theory, News & General
Topic: Wealthfront Risk Parity???
Replies: 12
Views: 2647

Re: Wealthfront Risk Parity???

I don't want my broker comparing my investments to a horse race.
by Captain kangaroo
Thu Feb 22, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: How accurate is Portfolio Visualizer? Vanguard Equity Income vs Total Stock Market
Replies: 3
Views: 773

How accurate is Portfolio Visualizer? Vanguard Equity Income vs Total Stock Market

Playing around on Portfolio Visualizer and I came across an interesting comparison between VTSAX (Total Stock Market) and VEIRX (Vanguard Equity Income Adm. Shares) From September of 2002 until Present, WITHOUT reinvesting dividends, a 1,000,000 portfolio with VEIRX would rise to 1,700,000, while VT...
by Captain kangaroo
Thu Feb 22, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 316
Views: 37754

Re: What if you only live off dividends?

If my portfolio can give off 100,000 a year in dividends, I don't see the point in selling off my principal. If you have a sizeable portfolio, living off dividends and muni bond interest in retirement seems to be a far better idea then selling off principal. I want to leave money when I die.
by Captain kangaroo
Wed Feb 21, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: For munis: state specific or non-state specific funds best?
Replies: 14
Views: 1762

Re: For munis: state specific or non-state specific funds best?

I am thinking about going 50/50.

50% Fidelity Tax-Free Bond Fund VTABX
50% T. Rowe Price Maryland Tax Free Fund MDXBX ER .45%

Maryland has had 20 years of being rated AAA and MD. and VTABX just for a little more diversification.
by Captain kangaroo
Tue Feb 20, 2018 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 75
Views: 11186

Re: How do I unwind this Wealthfront mess?

I still don't understand how you ended up with 124 holdings at Wealthfront. I've peeked at their suggested portfolios, and I was under the impression that a typical Wealthfront portfolio consisted of seven or eight ETFs, and mostly Vanguard ETFs at that. Advanced indexing.. It replicates the index ...
by Captain kangaroo
Sat Feb 10, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to move to a lower paying career?
Replies: 53
Views: 5716

Re: Can I afford to move to a lower paying career?

I would personally choose option 2.

You have 3.5 million, and you're in your late 50's, there's no reason at all for you to be working a high stress job that you hate.

Start enjoying life.
by Captain kangaroo
Thu Feb 08, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: ETF. What and how do you use them?
Replies: 35
Views: 1894

Re: ETF. What and how do you use them?

I chose etfs over mutual funds because they're more flexible. I can take my I shares etfs to merill edge if I wanted and pay nothing. Mutual funds seem to have more transaction charges if you leave their home website and try to bring them someplace else.
by Captain kangaroo
Tue Feb 06, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Where would you tell a 12 year old to park his money
Replies: 32
Views: 2240

Re: Where would you tell a 12 year old to park his money

Nvidia.

In 50 years he would have either lost 1,500 dollars...or it'll be worth six figures.
by Captain kangaroo
Wed Jan 31, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Increase withholding or pay quarterly taxes
Replies: 9
Views: 926

Re: Increase withholding or pay quarterly taxes

Would getting a cpa for an hour be the best option to calculate what to pay
by Captain kangaroo
Wed Jan 31, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Increase withholding or pay quarterly taxes
Replies: 9
Views: 926

Increase withholding or pay quarterly taxes

Anyone have any input on what the better option would be to pay quarterly taxes for large quarterly dividends, amounting to around 10,000 per quarter or increase the withholding taxes from my job. If I increase my withholding taxes is there a calculator that would tell me how much to increase it?
by Captain kangaroo
Wed Jan 31, 2018 1:35 am
Forum: Investing - Theory, News & General
Topic: Kinda laughing, kinda mad - Vanguard Personal Investor
Replies: 45
Views: 8610

Re: Kinda laughing, kinda mad - Vanguard Personal Investor

cancel the PAS service. Call back a few days later and re-enroll If you still get the same advisor, then maybe Vanguard has only one advisor :-) Funny! Wondering if anyone who has used the Vanguard Personal Investor service has ever found a need to seek a change in their advisor. I am not happy wit...
by Captain kangaroo
Tue Jan 30, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: The Vanderbilts
Replies: 26
Views: 4564

Re: The Vanderbilts

Very interesting read. Realistically, I don't think it's worthwhile to plan past two generations if you have a lot of money.

If I was one of the super rich, I'd plan for my kids and grandkids to be ok. After that, they're all on their own.
by Captain kangaroo
Mon Jan 29, 2018 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Which brokerage has the best looking platform in your opinion?
Replies: 12
Views: 1584

Which brokerage has the best looking platform in your opinion?

I have only used Vanguard and Fidelity so I can't compare much. Fidelity is very nice and sharp, organized as well. Vanguard leaves a little to be desired but it has the necessities. How is Merrill Edge and Schwab?
by Captain kangaroo
Sun Jan 28, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 48
Views: 6437

Re: "Muni Bonds Time Bomb" Barron's

So what is the alternative to munis then for those now in a high net worth taxable portfolio? Short term treasuries? This is a VERY expensive alternative. Meaning that your after tax final earning will be much much smaller than a "peak of the yield curve" or even short term muni portfolio. Is the r...
by Captain kangaroo
Sun Jan 28, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 48
Views: 6437

Re: "Muni Bonds Time Bomb" Barron's

So what is the alternative to munis then for those now in a high net worth taxable portfolio? Short term treasuries?
by Captain kangaroo
Wed Jan 24, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 244
Views: 26064

Re: In what ways could BogleHeads be badly wrong ?

Boglehead philosophy provides comfort to me, that's my favorite aspect. I own the entire stock market, balanced with short term bonds for a degree of safety. My portfolio is over a million.. Will it ever be 10 million using this philosophy like it COULD be with timing the market, shorting, stock sel...