Search found 74 matches

by mikeyzito22
Sat Sep 22, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 168
Views: 8467

Re: How real is cyber risk?

Cyber risk is real: https://www.nytimes.com/interactive/2018/05/03/magazine/money-issue-bangladesh-billion-dollar-bank-heist.html, but it's nothing something I worry about much. If Vanguard or your bank account was hacked, I would expect you to eventually be made whole by the financial institutions...
by mikeyzito22
Sat Sep 22, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: How real is cyber risk?
Replies: 168
Views: 8467

Re: How real is cyber risk?

Cyber risk is real: https://www.nytimes.com/interactive/2018/05/03/magazine/money-issue-bangladesh-billion-dollar-bank-heist.html, but it's nothing something I worry about much. If Vanguard or your bank account was hacked, I would expect you to eventually be made whole by the financial institutions...
by mikeyzito22
Fri Sep 21, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 14
Views: 1677

Re: CIT vs. ALLY vs. 360

I have had a CIT savings account for about 6 years. I also have had an Ally savings account for many years. Up until recently, CIT had a very clunky web site that was frustrating to use. But, they recently upgraded the site and it is now much better. Back in the days when their website was terrible...
by mikeyzito22
Fri Sep 21, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 14
Views: 1677

Re: CIT vs. ALLY vs. 360

Don’t really see a point of moving funds based on name recognition. Do you feel a less notable reputation may indicate bad banking practices ? That's sort of what I was thinking, or safety. I'm erring on the safety side primarily because I've been a credit union member since the beginning of time w...
by mikeyzito22
Fri Sep 21, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: CIT vs. ALLY vs. 360
Replies: 14
Views: 1677

CIT vs. ALLY vs. 360

Hi, I think I may already know the answer to this, however I would like to get the panel's advice. I put my emergency savings in CIT money market, which pays the amount of other Online Money Markets and it seems as if it is FDIC insured. Is there any reason to switch it to Capital One, Ally, or Amex...
by mikeyzito22
Sun Sep 16, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2800
Views: 559309

Re: What's Your Credit Card Rewards Strategy?

By the way, the Amex Blue Cash with the 6% rebate on groceries has an annual limit on the 6% cash back ($360 I think). Is there any easy way to keep track of this without manually keeping your own records? Thanks. Each statement shows rewards in each category for the month and I think cumulatively ...
by mikeyzito22
Fri Sep 14, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6548

Re: Lower Return Decade Says Jack: Thoughts?

Yes, lower return is EXPECTED. Actual return could be much higher or much lower. On the other hand, CD would ensure low return. Man, this drives me crazy...you are right...it could be lower....we've had a long run...I still have 15 years before retirement... but would hate to get in with my lump su...
by mikeyzito22
Sun Sep 09, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lower Return Decade Says Jack: Thoughts?
Replies: 81
Views: 6548

Re: Lower Return Decade Says Jack: Thoughts?

Yes, lower return is EXPECTED. Actual return could be much higher or much lower. On the other hand, CD would ensure low return. Man, this drives me crazy...you are right...it could be lower....we've had a long run...I still have 15 years before retirement... but would hate to get in with my lump su...
by mikeyzito22
Sun Sep 09, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much do bogleheads save in 529?
Replies: 79
Views: 4499

Re: How much do bogleheads save in 529?

We have two kids and contribute $350 per month in each kid's 529 account. We started doing this in the first month they were born. The funds are invested aggressively in S&P 500 index funds. (I screwed this up early on by trying to do market timing, but I believe that I have learned from my mistake...
by mikeyzito22
Thu Sep 06, 2018 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on starting Vanguard Roth IRA
Replies: 6
Views: 487

Re: Need advice on starting Vanguard Roth IRA

starting with a vanguard target date fund should be fine. you should hopefully have enough after two years of contributions to then purchase the investor shares of the 3 index funds for the 3 fund portfolio. if you look up the composition of the vanguard target date funds you'll see that they're ba...
by mikeyzito22
Sun Aug 19, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10615

Re: Take auto loan 0.9% if I can afford cash?

jehovasfitness wrote:
Wed Aug 15, 2018 8:34 am
Sure and put the cash in a money market at CIT bank earning 1.85%
THIS
by mikeyzito22
Sun Aug 19, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put the first $5000
Replies: 24
Views: 1871

Re: Where to put the first $5000

Thanks for the responses, a little bit about me... I've been reading a lot of investment forums/personal finance books through medical school, but never had any chips to play with until now. I've gone through JL Collins' stock series recently and really agree with his approach to investing. I'm jus...
by mikeyzito22
Sun Aug 19, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put the first $5000
Replies: 24
Views: 1871

Re: Where to put the first $5000

Thanks for the responses, a little bit about me... I've been reading a lot of investment forums/personal finance books through medical school, but never had any chips to play with until now. I've gone through JL Collins' stock series recently and really agree with his approach to investing. I'm jus...
by mikeyzito22
Fri Aug 17, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: For those of you in the Accumulation Phase - How often do you check?
Replies: 76
Views: 8787

Re: For those of you in the Accumulation Phase - How often do you check?

Probably every other day, it's just too easy. Everyone month I tally in an Excel spreadsheet to see if I'm outside of rebalancing bands in order to direct next month's contributions (my form of active management!) Everyone here is talking about a spreadsheet this and a spreadsheet that. Why can't a...
by mikeyzito22
Fri Aug 17, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: How much contribute to a Roth account for dependent kid?
Replies: 4
Views: 391

Re: How much contribute to a Roth account for dependent kid?

Hi,

You can contribute any taxable income to a Roth Ira up to $5500. If you made $3000 taxable you may/can contribute that much only. There is a $5500 limit for Roth contributions in general per year, regardless of whether you make $100,000 or $20,000.
by mikeyzito22
Fri Aug 17, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10368

Re: Vanguard predicts 10 year equity returns

10-yr treasury bonds yield nearly 3% now. If that holds, predicted 3-4% nominal on US equities means Vanguard is expecting no equity premium over the next decade, at least none over the nearly completely safe 10 yr tbond. Yuck. The insinuation seems to be that PE ratios will revert to the mean. I'm...
by mikeyzito22
Fri Aug 17, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10368

Re: Vanguard predicts 10 year equity returns

When do you know you are not in the accumulation phase anymore? When you are working for money and contributing to retirement and savings accounts, building up your social security and possibly pension, you are in the accumulation phase. When you are not working for money, drawing on your social se...
by mikeyzito22
Fri Aug 17, 2018 9:48 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10368

Re: Vanguard predicts 10 year equity returns

I'm pretty sure those are real return estimates. Those are predicted nominal returns. https://advisors.vanguard.com/iwe/pdf/FA863418.pdf They're predicting inflation will stay around 2%, so real US market returns of 1-3% over the next decade. 10-yr treasury bonds yield nearly 3% now. If that holds,...
by mikeyzito22
Fri Aug 17, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: For those of you in the Accumulation Phase - How often do you check?
Replies: 76
Views: 8787

Re: For those of you in the Accumulation Phase - How often do you check?

Probably every other day, it's just too easy. Everyone month I tally in an Excel spreadsheet to see if I'm outside of rebalancing bands in order to direct next month's contributions (my form of active management!) Everyone here is talking about a spreadsheet this and a spreadsheet that. Why can't a...
by mikeyzito22
Fri Aug 17, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Vanguard predicts 10 year equity returns
Replies: 91
Views: 10368

Re: Vanguard predicts 10 year equity returns

Please tell me these are real returns. I suspect not. I'm pretty sure those are real return estimates. Those are predicted nominal returns. https://advisors.vanguard.com/iwe/pdf/FA863418.pdf They're predicting inflation will stay around 2%, so real US market returns of 1-3% over the next decade. 10...
by mikeyzito22
Tue Aug 14, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2458

Re: Is the price of a new car a good proxy for the expense of owning it?

Imagine a person with an annual salary of $60k and net income (after taxes etc.) of $46k, which is about $3,800/month. With living expenses of $1,500/month and retirement savings of $800 per month this person has roughly $1,500 in disposable income. If they spent roughly third of that disposable in...
by mikeyzito22
Tue Aug 14, 2018 8:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Master Thread for Portland, Oregon
Replies: 141
Views: 44640

Re: Master Thread for Portland, Oregon

Hello,

It has been three or four years since a Portland thread has been added. Is there anyway to get in touch with Bogleheads in Portland, OR?
by mikeyzito22
Mon Aug 13, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Is the price of a new car a good proxy for the expense of owning it?
Replies: 38
Views: 2458

Re: Is the price of a new car a good proxy for the expense of owning it?

Imagine a person with an annual salary of $60k and net income (after taxes etc.) of $46k, which is about $3,800/month. With living expenses of $1,500/month and retirement savings of $800 per month this person has roughly $1,500 in disposable income. If they spent roughly third of that disposable in...
by mikeyzito22
Sun Aug 12, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: AAPL, AMZN, or GOOG?
Replies: 95
Views: 10146

Re: AAPL, AMZN, or GOOG?

LiveSimple wrote:
Fri Mar 02, 2018 5:22 am
If OP, want a middle ground, see if you want to invest in sector funds.

VGT : Vanguard Information Technology or something similar
VCR : Vanguard Consumer Discretionary or something similar
Both funds have overperformed VTI since 2015, according to backtest portfolio.
by mikeyzito22
Fri Aug 10, 2018 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Buying Individuals Stocks In A Roth IRA?
Replies: 13
Views: 1927

Re: Buying Individuals Stocks In A Roth IRA?

Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button. I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else. Th...
by mikeyzito22
Thu Aug 09, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute extra $ into Roth or Mortgage
Replies: 12
Views: 1084

Re: Contribute extra $ into Roth or Mortgage

Just out of curiosity, how do you know exactly how much you have in the "Teacher's Retirement System?" Our state doesn't let you know how much is in there but only gives you an estimate. :)
by mikeyzito22
Thu Aug 09, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Individuals Stocks In A Roth IRA?
Replies: 13
Views: 1927

Re: Buying Individuals Stocks In A Roth IRA?

Yes, provided you've got the brokerage account version at Vanguard. If you've had the Roth a long time you might have to hit the upgrade button. I haven't done this at Vanguard as I quit messing with individual stocks but at TDAmeritrade where I used to hold my Roth I initially had nothing else. Th...
by mikeyzito22
Thu Aug 02, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

In a Roth you could easily hold BND until it’s enough to swap for the MF, but if you prefer my cash option works too (settlement account). Thank you for the advice. I have a high yield savings account at CIT. I think I could possibly use that for the BND portion eventually. I just need to be able t...
by mikeyzito22
Thu Aug 02, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

In a Roth you could easily hold BND until it’s enough to swap for the MF, but if you prefer my cash option works too (settlement account). Thank you for the advice. I have a high yield savings account at CIT. I think I could possibly use that for the BND portion eventually. I just need to be able t...
by mikeyzito22
Thu Aug 02, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

Any of the ideas you mentioned will work. In the long run it is not going to make a lot of difference because these amounts will be a drop in the bucket by the time you are done. If it were me, I'd just keep the target fund and not worry about it till the portfolio is large enough to just fix all i...
by mikeyzito22
Thu Aug 02, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

A, but don't be in a hurry to break it up. If you do break it up into a 3-fund portfolio someday, don't tinker with the asset allocation. Keep it steady until your need, ability, and/or willingness to take risks changes; don't change your AA because the market went up or down. BTW, it's "Roth", not...
by mikeyzito22
Wed Aug 01, 2018 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

A, but don't be in a hurry to break it up. If you do break it up into a 3-fund portfolio someday, don't tinker with the asset allocation. Keep it steady until your need, ability, and/or willingness to take risks changes; don't change your AA because the market went up or down. BTW, it's "Roth", not...
by mikeyzito22
Wed Aug 01, 2018 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

Is this in a taxable account? Do you have tax-advantages assets? Maximize those and read up on tax-efficient fund placement. Wait until you have $3K to get the bond mutual fund and just hold 10% in your settlement fund for now. Interest isn’t far off, and risk is almost zero. I said it was all in a...
by mikeyzito22
Tue Jul 31, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

d) stick with TD 2060 because you eventually do enough research to realize that the asset allocation in it is just about perfection. Then I'm wondering why most folks here including Jack Bogle say 20% international. I can't speak for Bogle or other Bogleheads, but I can say that the research clearl...
by mikeyzito22
Tue Jul 31, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Re: Breaking it into a three fund portfolio.

d) stick with TD 2060 because you eventually do enough research to realize that the asset allocation in it is just about perfection. Then I'm wondering why most folks here including Jack Bogle say 20% international. Nonetheless, it will be more efficient after it builds to break it up because I don...
by mikeyzito22
Tue Jul 31, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking it into a three fund portfolio.
Replies: 21
Views: 1707

Breaking it into a three fund portfolio.

New Investor here, $8451.00 in Target date 2060. 90/10 allocation wanted, which this achieves, but has a bit too much international for the total portfolio because I would like to keep it around 20-25%. I need to keep dollar cost averaging. I want to move to a three-fund or four fund portfolio inste...
by mikeyzito22
Thu Jul 26, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: The stock that got away
Replies: 40
Views: 3036

Re: The stock that got away

Missed the boat? How about investing a substantial sum in VTSAX in January before the "dip"? It can go either way. On one hand, "Whew. That was close." :shock: On the other hand, "Shucks. . . if only. . . " :confused j THE ABOVE is exactly what I did to start a ROTH in January but it was the invest...
by mikeyzito22
Tue Jul 24, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Closing Wealthfront and Betterment accounts: Guidance requested
Replies: 32
Views: 2598

Re: Closing Wealthfront and Betterment accounts: Guidance requested

If the OP closes the accounts, the money has to leave the accounts and go somewhere. :) Might as well go to a checking account and from there directly into the desired investment account of choice. As for the idea to just stop investing in those accounts and not close them, I think that is a bad id...
by mikeyzito22
Fri Jul 13, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 197
Views: 27012

Re: How Much in Your Emergency Fund And Is It Used?

A HELOC (or CC with cash advance) can be great while it's there, but don't think that your bank won't close it in a heartbeat when they get the jitters, despite your wonderful history and rock-solid financial status. It's kinda scary as a safety net IMO. I think that under normal circumstances, LOC...
by mikeyzito22
Tue Jul 10, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5552

Re: Anxiety Spending Money

I smile at your name CJ. I wonder if you meant CJ worrier or CJ Warrior. Hopefully you see yourself as a Warrior. :sharebeer Congrats with completing your studies and landing a position in the same field. First I want to ask you to erase "low income" from your vocabulary. It is really how we see ou...
by mikeyzito22
Wed Jul 04, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

Sandtrap wrote:
Wed Jul 04, 2018 2:23 pm
Why not cut your expense ratio's now and dispense with the "fund of funds" for a 3-4 fund portfolio in your desired allocation?
j
I want to but Total Bond Buy-in is $3000 and that needs to be 10 percent. I don't have 30K invested yet.
by mikeyzito22
Wed Jul 04, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

As an alternative you could invest in a couple (or few) index funds and create the investment portfolio you want asset allocation wise and a lower cost. This is what I plan to do when 10 percent equals the minimum for $3000 fund opening of Total Bond Mutual. I realize I could do this with ETFs but ...
by mikeyzito22
Wed Jul 04, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

arcticpineapplecorp. wrote:
Wed Jul 04, 2018 11:38 am

How and why can two very similar funds get different price appreciation when they're essentially the same investments? Just curious. Thanks.
Me too! Very curious. :D
by mikeyzito22
Wed Jul 04, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

Please don't confuse the trailing yield with actual yield. The trailing yield is calculated by totaling up the dividend payments over the past 12 months. Obviously, if the fund is younger than that (or slightly older, if the calculation is done quarterly) it won't have a full 12 months. The SEC yie...
by mikeyzito22
Wed Jul 04, 2018 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

So the 2065 fund has 130 million in assets and the other funds have billions. It sounds like you are new investor, so please give me a little leeway. I'm don't want to be harsh, but there is a lot to discuss in this thread so I might be unnecessarily curt. In this case, the AUM is irrelevant. I do ...
by mikeyzito22
Tue Jul 03, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

if it's due to assets under management (just $138.1 million in the 2065 fund), then go with 2060 fund instead. But I'm not sure why assets under management (under funded as you say?) has to do with it. The same percentage of dividends and interest from stocks and bonds, respectively won't change wh...
by mikeyzito22
Tue Jul 03, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

I hope you don't actually want this. There is no good reason to prefer "the best dividend yield" that I can imagine for someone investing in a Target Date fund. Why not? I'm just starting and 2% is better than .78%, and its exactly the same makeup and expense ratio. First, as others have pointed ou...
by mikeyzito22
Tue Jul 03, 2018 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Simple target date question.
Replies: 25
Views: 1636

Re: Simple target date question.

However, I want the best dividend yield from the 90/10 target funds.... I hope you don't actually want this. There is no good reason to prefer "the best dividend yield" that I can imagine for someone investing in a Target Date fund. Why not? I'm just starting and 2% is better than .78%, and its exa...