Search found 94 matches

by Captain kangaroo
Thu Jun 06, 2019 6:01 pm
Forum: Personal Investments
Topic: How is Merrill Edge?
Replies: 37
Views: 2397

Re: How is Merrill Edge?

I love Merrill Edge. I moved everything over from Fidelity. I get free trades, integrates seamlessly with Bank of America, I love their research tools and how it breaks down all of your asset allocations. The function of connecting all of your external accounts to see a complete asset allocation has...
by Captain kangaroo
Mon Jun 03, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Invited to vacation house then surprised with expenses—what now?
Replies: 64
Views: 3674

Re: Invited to vacation house then surprised with expenses—what now?

I'd eat the cost and pay for it.. And learn for next time.

What will be the bigger loss, 1,000 dollars or a potentially large family feud?

Id pay it and be very suspicious and up front about costs for next time.
by Captain kangaroo
Mon Jun 03, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14842

Re: Fun paid jobs after FIRE

This may sound crazy but when I retire I want to work all the jobs I've always wanted to try, even though they pay nothing. I wanna be a cook at McDonald's lol. Or go back to school and get certified as an auto mechanic. I have no clue how to do anything regarding cars and I've always been so impres...
by Captain kangaroo
Sat May 04, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2911

Re: Move to South Florida or Baltimore?

I am a Baltimore City police officer. I would never, ever, recommend someone live in the city. And I would actually call it a bit reckless to live in the city with kids due to the crime and drugs there. And believe me even in the "good neighborhoods" nurses and lawyers get car jacked or robbed at gu...
by Captain kangaroo
Thu Apr 18, 2019 6:29 am
Forum: Personal Investments
Topic: Will/trust for minor children heirs who will live overseas
Replies: 4
Views: 412

Re: Will/trust for minor children heirs who will live overseas

For a situation as complex and with the money involved, I wouldn't cheap out on who you use. Northern Trust is an option to look into. They have offices in both the US and the UK. I have no experience with them, but I know a couple high net worth families who have. They certainly have a global reach...
by Captain kangaroo
Sat Apr 13, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to Seattle from Baltimore Area
Replies: 86
Views: 4082

Re: Relocating to Seattle from Baltimore Area

As someone that lives in Baltimore, I'd take a pay cut, pay more taxes, take worse weather if it meant leaving Baltimore.
by Captain kangaroo
Thu Jan 24, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21706

Re: Why doesn't a lot of money feel like a lot of money?

Money that is invested to me doesn't feel like 'real money'.

1,000,000 invested in the market somehow feels less than 1,000 in my checking account.
by Captain kangaroo
Thu Jan 24, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: No Children, what will your legacy be?
Replies: 118
Views: 8985

Re: No Children, what will your legacy be?

Captain Kangaroo's School for Kids Who Can't Read Good and Want to Learn to Do Other Stuff Good Too
by Captain kangaroo
Tue Jan 22, 2019 4:57 pm
Forum: Personal Investments
Topic: Vanguard Total Stock Market ETF VS Vanguard Growth ETF + Bond ETF
Replies: 8
Views: 690

Re: Vanguard Total Stock Market ETF VS Vanguard Growth ETF + Bond ETF

I almost did this too. I was going to go with VUG (Vanguard Growth ETF over VTI) due to its performance. Growth has blown TSM and Value away the past 10 years..but look further back. It was just a period where Growth really excelled. The next 10 years could be all Value. Just own the entire market. ...
by Captain kangaroo
Sat Jan 19, 2019 1:05 pm
Forum: Personal Investments
Topic: Should I dump our wealth planner/financial advisor?
Replies: 49
Views: 5708

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

Seven figure portfolio here. The best value comes from having a good CPA. Investing is the easy part. Managing a seven figure portfolio and making sure the tax man gets his can be more complicated. 500 bucks a year to a good CPA who will make sure you're on track with quarterly taxes etc, is the way...
by Captain kangaroo
Tue Jan 15, 2019 6:50 pm
Forum: Personal Investments
Topic: VTSAX at Merrill Edge
Replies: 47
Views: 5187

Re: VTSAX at Merrill Edge

Wow, amazing news. Wish I knew this earlier lol.
by Captain kangaroo
Tue Jan 15, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Re: Can I afford a 50k car? If so, whats the best way to do it?

How did you get to $600K taxable and more in IRA at your age and income? Just curious - that's some serious saving and/or investment income! My guess is the same way that OP has a $1.3M trust. If that is the case, I'd be curious what the OPs savings rate is. If it is quite low, I would suggest they...
by Captain kangaroo
Tue Jan 15, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Re: Can I afford a 50k car? If so, whats the best way to do it?

How is the $1.3M invested (is it)? You have $2M at age 30 so you can do whatever you want, assuming you live comfortably on your $60K minimum salary. You are in a position to retire early should you desire, which this won't help. I assume given the age of this car that maintenance will be significa...
by Captain kangaroo
Tue Jan 15, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Re: Can I afford a 50k car? If so, whats the best way to do it?

How is the $1.3M invested (is it)? You have $2M at age 30 so you can do whatever you want, assuming you live comfortably on your $60K minimum salary. You are in a position to retire early should you desire, which this won't help. I assume given the age of this car that maintenance will be significa...
by Captain kangaroo
Tue Jan 15, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Re: Can I afford a 50k car? If so, whats the best way to do it?

How did you get to $600K taxable and more in IRA at your age and income? Just curious - that's some serious saving and/or investment income! To me, "affording it" and "smart/worthwhile decision" are two different things. Seems like you can afford it. As a car guy myself, I know the temptation but I...
by Captain kangaroo
Tue Jan 15, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Re: Can I afford a 50k car? If so, whats the best way to do it?

jebmke wrote:
Tue Jan 15, 2019 6:02 pm
I thought 60 was the new 50. What happened?

edit: if you have to ask anonymous people on the internet if you can afford a car, good chance the answer is no.

edit #2: or yes.
I ask anonymous people on the internet how to invest my money, might as well ask how to spend it as well.
by Captain kangaroo
Tue Jan 15, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2252

Can I afford a 50k car? If so, whats the best way to do it?

Turning 30 this year (30 is the new 50) and want to buy myself a fun car to enjoy on my time off. Barebones of my financial situation: 60,000 - 75,000 a year ( depending how much OT I feel like working, law enforcement position) 1.3 million in an irrevocable trust I have no access to until 40's 600,...
by Captain kangaroo
Sun Dec 23, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Why Vanguard Total World instead of VTI and VXUS.
Replies: 10
Views: 1592

Re: Why Vanguard Total World instead of VTI and VXUS.

I guess the pro would be simplicity and it will re-balance itself. I personally wouldn't use the fund myself. I am US and Emerging Markets only..and I have very little in EM. Having lived in mainland Europe for a brief time, I have no faith in companies based there to outgrow US or EM based ones due...
by Captain kangaroo
Sat Dec 22, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: All the "should I be 100% stocks" threads over the last year.
Replies: 185
Views: 14991

Re: All the "should I be 100% stocks" threads over the last year.

I am 90/10.

Buffet said all most people need is 90% in an index fund and 10% in treasuries.

Good enough for me.
by Captain kangaroo
Wed Dec 19, 2018 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 729
Views: 76899

Re: Fidelity as a one stop shop

Not to continue the war of "My brokerage can beat up your brokerage" going on in this thread..


..but I have been using Merrill Edge/BoA as a one stop shop for the past 3 months and it has been amazing. I like having a physical bank (and free safety deposit box) nearby.
by Captain kangaroo
Wed Dec 19, 2018 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend more
Replies: 71
Views: 3479

Re: Does carrying a credit card with a very high limit bother you? Say you have credit card for 50k but never spend mor

I have 3 cards.

A debit, a Visa and a Mastercard.

I have actually been to places that only accept Visa, or Mastercard, not both..I was shocked lol.

Carrying a high limit is good, never know what you might need it for quickly.
by Captain kangaroo
Fri Dec 14, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Do long-term bonds belong in one's portfolio?
Replies: 236
Views: 14436

Re: Do long-term bonds belong in one's portfolio?

I am very happy with ICSH

Ishares Ultra Short Term Bond

Up 2.07% YTD in a rising interest market, with a 2.86% yield. Not too bad. Bonds are safety for me. Does't get much better then this.
by Captain kangaroo
Fri Dec 14, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Will the 2008 recession help avoid severity of the next recession?
Replies: 40
Views: 2667

Re: Will the 2008 recession help avoid severity of the next recession?

If most internet users were boglehead forum users, I would agree. But there is a much higher population of people who view Facebook then Bogleheads..and facebook is a breeding ground for drama, panic and irrational thinking, so I believe it'll be much worse. I can see it now, "I read on Facebook Ama...
by Captain kangaroo
Fri Dec 14, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: [Robinhood to offer 3% cash management program, not a bank account]
Replies: 160
Views: 11237

Re: [Robinhood to launch 3% interest bearing accounts, but is not a bank]

I think Robinhood is a great product, for what it is. I would never use it as my all-in-one brokerage/savings/checking ecosystem though. Once you reach that point, customer service really matters. Fidelity and Merrill Edge/BoA seem to really be the best if you want one big ecosystem to incorporate y...
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: 5194

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: 7748

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 $18.00 - Black Friday sale
Replies: 309
Views: 25952

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: 2834

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: 5129

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: Personal Investments
Topic: At what point do you use muni bonds in taxable portfolio?
Replies: 2
Views: 662

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: 3808

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: 23243

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: Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 3253

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: 482
Views: 51667

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: 795

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: 4320

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: Personal Investments
Topic: In-laws financial advisor rip off
Replies: 35
Views: 4790

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: 13868

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: 670

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: Personal Investments
Topic: Crazy to start 529 without kids??
Replies: 49
Views: 5187

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: 1082

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: 7814

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: 2405

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: Personal Investments
Topic: Index Admiral Shares or ETF's??
Replies: 20
Views: 1609

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: 5404

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: Personal Investments
Topic: Why is Vanguard not answering the phone
Replies: 31
Views: 4934

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: 9190

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: 1372

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: 2451

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...