Search found 466 matches

by mikeyzito22
Sat Sep 12, 2020 2:06 pm
Forum: Personal Investments
Topic: Best way to build an emergency fund?
Replies: 95
Views: 6240

Re: Best way to build an emergency fund?

This is the easiest way to pad the fund. I only use $5 bills and larger when paying for anything, never use $1’s, never use change. $1.05 I use a $5 bill. I’ve built a substantial emergency emergency fund doing this the past 5 years. If the OPs expenses are 12K a month, and most of it can be put on...
by mikeyzito22
Mon Sep 07, 2020 11:08 pm
Forum: Personal Investments
Topic: Investing Beyond 403bs Options?
Replies: 89
Views: 2844

Re: Investing Beyond 403bs Options?

Thank you all for taking the time out of your day to help me. Here is a better picture of my situation: 1. Public school with only a 403b option available. No 457b option is available. 2. No HSA 3. We are married and file single 4. Both combined salaries over 200k We don't have any IRA's of any typ...
by mikeyzito22
Sun Sep 06, 2020 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Much House Can We Afford in HCOL Area?
Replies: 300
Views: 19043

Re: How Much House Can We Afford in HCOL Area?

Keep renting for a few years. Grow income. Save even more. Good luck. How much do I have to save to be able to afford a house? What if housing prices keep going up 7% per year? Is it wrong to think that we will be forever priced out? My husband's income is not going to increase and I don't see mine...
by mikeyzito22
Wed Aug 26, 2020 10:43 pm
Forum: Personal Investments
Topic: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stock?
Replies: 166
Views: 11744

Re: As a 30 year old with extremely high risk tolerance should I even be holding bonds any more or should I go 100% stoc

I am currently holding cash + gold and no bonds. Thank you. I really wish I had done that because I bought the bond fund a few weeks ago I believe. And I check and it seems like almost every day that fund is down meanwhile the stock market is up. I would have been better off if I had stayed in cash...
by mikeyzito22
Wed Aug 26, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9608

Re: Finding balance in life: When do you let up off the gas?

Try driving a little slower ( saving a little less, enjoying life a little more). Instead of saving 87%, start with 80%. Invest the 7% in you and your wife. Eating out more, massages, bigger better vacations etc. Try it for a year and see how you feel. 7% reduced savings for 1 year in the long term...
by mikeyzito22
Tue Aug 25, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9608

Re: Finding balance in life: When do you let up off the gas?

Try driving a little slower ( saving a little less, enjoying life a little more). Instead of saving 87%, start with 80%. Invest the 7% in you and your wife. Eating out more, massages, bigger better vacations etc. Try it for a year and see how you feel. 7% reduced savings for 1 year in the long term...
by mikeyzito22
Tue Aug 25, 2020 8:54 pm
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10168

Re: A Beater Truck and a FAT 401k...

Great article. This is what I would call the big three for average folks like me. I attribute these 3 things as the foundation of my success. 1. Buy used cars and drive them until the wheels fall off. 2. Buy a modest house. 3. Invest at least 15% of your gross pay, make it automatic, and start doin...
by mikeyzito22
Tue Aug 25, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10168

Re: A Beater Truck and a FAT 401k...

I suppose the fact is that you can get a pretty new used car for under 20K. Is that a beater? Nope. For example a 2017 Corolla goes for about 16K with 20K in miles. Same with a pretty newer Rav4. I don't think spending 15K-20K on a car is excessive. You can get a pretty nice vehicle for the price, w...
by mikeyzito22
Sat Aug 15, 2020 10:22 am
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

Re: TD Ameritrade transfer

livesoft wrote: Sat Aug 15, 2020 9:29 am
mikeyzito22 wrote: Fri Aug 14, 2020 10:20 pm.... Also, lovesoft was right. ....
Have you been reading about my girlfriends? :shock:
I suppose so :sharebeer
by mikeyzito22
Fri Aug 14, 2020 10:20 pm
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

Re: TD Ameritrade transfer

I believe TD has a charge for full account transfer. Especially if she is doing multiple accounts, that could add up. In taxable account, she could leave a small amount behind, then cash it out manually. I have even done the same in IRA's and then rolled over the extra amount. She's built up some c...
by mikeyzito22
Thu Aug 13, 2020 9:56 pm
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

Re: TD Ameritrade transfer

I believe TD has a charge for full account transfer. Especially if she is doing multiple accounts, that could add up. In taxable account, she could leave a small amount behind, then cash it out manually. I have even done the same in IRA's and then rolled over the extra amount. She's built up some c...
by mikeyzito22
Thu Aug 13, 2020 11:32 am
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

Re: TD Ameritrade transfer

I believe TD has a charge for full account transfer. Especially if she is doing multiple accounts, that could add up. In taxable account, she could leave a small amount behind, then cash it out manually. I have even done the same in IRA's and then rolled over the extra amount. She's built up some c...
by mikeyzito22
Thu Aug 13, 2020 10:47 am
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

Re: Quick question?

Yes, that should be doable. However, she should call TD Ameritade and make sure they can make a transfer in kind to avoid triggering any taxable events. Also, I assume both IRAs in her name? Yes, all of the accounts are in her name. I mean, its as easy as doing it online. I guess we could call just...
by mikeyzito22
Wed Aug 12, 2020 10:03 pm
Forum: Personal Investments
Topic: TD Ameritrade transfer
Replies: 14
Views: 1221

TD Ameritrade transfer

Hi, Quickie hopefully, I have a friend who has two joint tenants brokerage accounts with the same joint tenants for both accounts housed at TD Ameritrade. It looks like with a few mouseclicks she can transfer all the funds from one brokerage account to another (ALL within the same brokerage). Does t...
by mikeyzito22
Wed Aug 12, 2020 5:21 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 70
Views: 9842

Re: Too Much APPL Stock

It is held in taxable and nontaxable accounts so i have to be careful about the taxable accounts. Selling it in the nontaxable accounts is an easy choice. Putting the money from the sale into something like a total stock market index fund could make sense. Is there a logical reason to think someone...
by mikeyzito22
Tue Aug 11, 2020 3:28 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Re: Using Taxable to Spend

I guess my question is "Does anyone here use taxable (LTGs) as a place to withdraw from to make purchases (vacation, car, house upgrades)?" Money has to be spent from somewhere; if you don't sell from your taxable account, you have to either keep money out of the investment account, or take out loa...
by mikeyzito22
Tue Aug 11, 2020 11:30 am
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Re: Using Taxable to Spend

Yes, sort-of? Right now, my taxable portfolio is into the six figures. I sell periodically (I really should formalize this in my IPS) to pay for expenses as needed. I don't spend all that much, but I do prioritize tax-advantaged savings from my paycheck over taking money into direct deposit, so som...
by mikeyzito22
Mon Aug 10, 2020 10:34 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Re: Using Taxable to Spend

Yeah, I do. But I can almost always pay for my hamburgers using positive cash flow. Sorry to disappoint you. I have positive cash flow. What purchases did you make? I'm not disappointed. :P To give a slightly more serious answer, what I tend to do is keep spending reasonable and rely on cheap debt ...
by mikeyzito22
Mon Aug 10, 2020 10:01 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Re: Using Taxable to Spend

By using a taxable account in this way you need to watch out for tax-avoidance syndrome. In other words, you would have happily spent the money if it was in your checking account but because it's in VTI in taxable with a capital gain you avoid spending the money at all. Ha! Is that a bad thing? :tw...
by mikeyzito22
Mon Aug 10, 2020 9:24 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Re: Using Taxable to Spend

whodidntante wrote: Mon Aug 10, 2020 9:20 pm Yeah, I do. But I can almost always pay for my hamburgers using positive cash flow. Sorry to disappoint you.
I have positive cash flow. What purchases did you make? I'm not disappointed.
by mikeyzito22
Mon Aug 10, 2020 9:16 pm
Forum: Personal Investments
Topic: Using Taxable to Spend
Replies: 22
Views: 2260

Using Taxable to Spend

Hey there, I see a lot of posts about having a large taxable account. Some Bogleheads would rather not eat into their portfolio so they have a dedicated emergency fund or tiered bond approach or sinking fund. I guess my question is "Does anyone here use taxable (LTGs) as a place to withdraw from to ...
by mikeyzito22
Mon Aug 10, 2020 5:46 pm
Forum: Personal Consumer Issues
Topic: What price range for Daughter's first car?
Replies: 122
Views: 5725

Re: What price range for Daughter's first car?

I would add CX-5, Rogue, Tuscon to that list. As well as would advise getting something that is no more than 3-5 years old. Safety technology has come a long way and to get a car over 10 years you would be giving up some of those advances. If she gets something that is fairly new it will also last ...
by mikeyzito22
Sat Aug 08, 2020 8:37 pm
Forum: Personal Consumer Issues
Topic: Chromebook for elementary student
Replies: 16
Views: 1275

Re: Chromebook for elementary student

Thanks everyone for the input. I am tempted to buy now, but the Boglehead in me says wait to get a cheapy loaner Chromebook from the school for free. Not a bad idea. However, if it breaks, as they do often, good luck getting IT support at your district to give you a new one half way through the yea...
by mikeyzito22
Fri Aug 07, 2020 3:23 pm
Forum: Personal Investments
Topic: Can't get my head around bond funds
Replies: 32
Views: 2754

Re: Can't get my head around bond funds

Great. I'm not reaching for yield with bonds anyway.
by mikeyzito22
Fri Aug 07, 2020 3:13 pm
Forum: Personal Investments
Topic: Can't get my head around bond funds
Replies: 32
Views: 2754

Re: Can't get my head around bond funds

You don't. Not an answer many want to hear, but any reasonable valuation of investment grade bonds suggests 0% real return or less. The point is to reduce volatility in nominal currency terms. "Any reasonable valuation of bonds suggest 0% real return?" Tell that to folks who hold onto VBTLX that's ...
by mikeyzito22
Thu Aug 06, 2020 5:03 pm
Forum: Investing - Theory, News & General
Topic: Is the Stock Market "too big to fail"?
Replies: 27
Views: 2902

Re: Is the Stock Market "too big to fail"?

No, it is not too big to fail. Any human endeavor can fail. Fail like all 500 companies go bankrupt in the index at the same time? Good luck with that. Russia 1923 Germany 1945 China 1949 ... Sberbank-Russia 2020 Allianz-Germany 2020 Alibaba-China 2020 Still not failing. I'm not sure if you're trol...
by mikeyzito22
Thu Aug 06, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: Is the Stock Market "too big to fail"?
Replies: 27
Views: 2902

Re: Is the Stock Market "too big to fail"?

failure is not an option. For whom? Why? the economy of the planet The economy of the planet is not the same as US publicly traded stocks, which is what the article was talking about. No, it is not too big to fail. Any human endeavor can fail. Fail like all 500 companies go bankrupt in the index at...
by mikeyzito22
Thu Aug 06, 2020 3:53 pm
Forum: Investing - Theory, News & General
Topic: Is the Stock Market "too big to fail"?
Replies: 27
Views: 2902

Re: Is the Stock Market "too big to fail"?

000 wrote: Wed Aug 05, 2020 8:37 pm No, it is not too big to fail. Any human endeavor can fail.
Fail like all 500 companies go bankrupt in the index at the same time? Good luck with that.
by mikeyzito22
Thu Aug 06, 2020 2:44 pm
Forum: Personal Investments
Topic: Can't get my head around bond funds
Replies: 32
Views: 2754

Re: Can't get my head around bond funds

But what I don't get is how you make money from bond funds. You don't. Not an answer many want to hear, but any reasonable valuation of investment grade bonds suggests 0% real return or less. Is the point of bond funds to make money more so from the dividend payments, rather than the price of the f...
by mikeyzito22
Thu Aug 06, 2020 2:08 pm
Forum: Personal Investments
Topic: Can't get my head around bond funds
Replies: 32
Views: 2754

Re: Can't get my head around bond funds

But what I don't get is how you make money from bond funds. You don't. Not an answer many want to hear, but any reasonable valuation of investment grade bonds suggests 0% real return or less. Is the point of bond funds to make money more so from the dividend payments, rather than the price of the f...
by mikeyzito22
Wed Aug 05, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: How Can I Reduce Total Market's (VTI) Tech of 25%
Replies: 42
Views: 3372

Re: How Can I Reduce Total Market's (VTI) Tech of 25%

I think the answer is simple: supplement with international or just buy global funds. In Vanguard Total World Stock ETF (VT) https://investor.vanguard.com/etf/profile/portfolio/VT/quarter-end-holdings MAGAF companies make up only 10% vs 18% in VTI. While I think VTI risks are limited, there are bla...
by mikeyzito22
Wed Aug 05, 2020 8:16 pm
Forum: Personal Investments
Topic: Alternative 2 Fund Portfolio
Replies: 17
Views: 1517

Re: Alternative 2 Fund Portfolio

The problem with “Growth” is that it has a cyclical rotation with “Value” (the opposite feature). For periods of time Growth outperforms and for periods of time Value outperforms. Picking the one that has outperformed recently would logically be choosing the one less likely to outperform moving for...
by mikeyzito22
Fri Jul 31, 2020 9:56 pm
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8709

Re: How long to keep a car

jebmke wrote: Fri Jul 31, 2020 6:31 am I have a 2008 RAV4 with 105K on it. Unless it develops real problems I see no reason I can’t get 20+ years out of it.
This! I had a 2000 RAV4 with $135,000 on it. Then my partner crashed it last December. I would've held onto the car until there were major problems. 20 years I got out of it.
by mikeyzito22
Fri Jul 31, 2020 9:47 pm
Forum: Personal Investments
Topic: $1 million invested over next 20 years; help with AA
Replies: 10
Views: 908

Re: $1 million invested over next 20 years; help with AA

I really don't mean to be a downer. However, if you worked say another 5 years there wouldn't be any question on this forum that you could "make it 15 years." If you quit now, do you know how much your pension will be? I would guess it would be a lot smaller than if you worked another 5 years, heck ...
by mikeyzito22
Fri Jul 31, 2020 5:21 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8504

Re: Elementary school in Fall - choose Virtual or In-person

In the very same article: "Our educators are overwhelmingly not comfortable returning to schools," said Tina Williams, president of Fairfax County Federation of Teachers. "They fear for their lives, the lives of their students and the lives of their families." So, your kids may not transmit it to o...
by mikeyzito22
Fri Jul 31, 2020 5:13 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8504

Re: Elementary school in Fall - choose Virtual or In-person

The American Academy of Pediatrics strongly recommends in person school and cites “ "mounting evidence" that transmission of the coronavirus by young children is uncommon, partly because they are less likely to contract it in the first place.“ https://www.npr.org/sections/coronavirus-live-updates/2...
by mikeyzito22
Fri Jul 31, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: Elementary school in Fall - choose Virtual or In-person
Replies: 120
Views: 8504

Re: Elementary school in Fall - choose Virtual or In-person

The American Academy of Pediatrics strongly recommends in person school and cites “ "mounting evidence" that transmission of the coronavirus by young children is uncommon, partly because they are less likely to contract it in the first place.“ https://www.npr.org/sections/coronavirus-live-updates/2...
by mikeyzito22
Wed Jul 29, 2020 4:31 pm
Forum: Personal Investments
Topic: Bond Roth Question
Replies: 10
Views: 362

Re: Bond Roth Question

and Roths aren't generally for Bond funds. Why wouldn't you keep a bond fun in a Roth account? The basic premise of a Roth account is that, in exchange for paying taxes here and now, Uncle Sam will let all the growth in the account be tax-free, subject only to two rules: (a) the account be open at ...
by mikeyzito22
Wed Jul 29, 2020 4:23 pm
Forum: Personal Investments
Topic: Bond Roth Question
Replies: 10
Views: 362

Re: Bond Roth Question

and Roths aren't generally for Bond funds. Why wouldn't you keep a bond fun in a Roth account? There isn't anything partcularly wrong with it. However, since efficient stock funds have higher growth potential, it is the best vehicle for tax-free growth. No other accounts are like that really. Put w...
by mikeyzito22
Wed Jul 29, 2020 4:22 pm
Forum: Personal Investments
Topic: Bond Roth Question
Replies: 10
Views: 362

Re: Bond Roth Question

and Roths aren't generally for Bond funds. Why wouldn't you keep a bond fun in a Roth account? There isn't anything partcularly wrong with it. However, since efficient stock funds have higher growth potential, it is the best vehicle for tax-free growth. No other accounts are like that really.
by mikeyzito22
Wed Jul 29, 2020 4:17 pm
Forum: Personal Investments
Topic: Bond Roth Question
Replies: 10
Views: 362

Re: Bond Roth Question

Hi, If an investing couple had a six month emergency fund of $38,000 and had filled one Roth, but not the other for the year, would one be comfortable taking $3000 of the EM to purchase VBTLX Total Bond in the other Roth to fill it? I realize it would make the AA more conservative, and Roths aren't...
by mikeyzito22
Wed Jul 29, 2020 3:22 pm
Forum: Personal Investments
Topic: Bond Roth Question
Replies: 10
Views: 362

Bond Roth Question

Hi, If an investing couple had a six month emergency fund of $38,000 and had filled one Roth, but not the other for the year, would one be comfortable taking $3000 of the EM to purchase VBTLX Total Bond in the other Roth to fill it? I realize it would make the AA more conservative, and Roths aren't ...
by mikeyzito22
Wed Jul 29, 2020 2:57 pm
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 169
Views: 21946

Re: Still using total bond market?

mlcolorado wrote: Tue Apr 14, 2020 11:12 pm Has been easy to set it and forget it, and enjoy the monthly income now that we are retired. I believe that this is not "The Best Possible," but it seems to be OK so far.
When you say enjoy the income, do you just dump dividends into checking?
by mikeyzito22
Tue Jul 28, 2020 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1437

Re: Creative ways to meet rewards checking transaction requirements?

... +1 Where are you housing the long term muni? Vanguard. VWLTX/VWLUX. And if not used for an emergency... then they are also my home projects, new car, dry powder, and retirement bond(s)... fund(s). Sure, I mean what account. Taxable? I'm not in a high tax bracket. https://humbledollar.com/2017/0...
by mikeyzito22
Tue Jul 28, 2020 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1437

Re: Creative ways to meet rewards checking transaction requirements?

... +1 Where are you housing the long term muni? Vanguard. VWLTX/VWLUX. And if not used for an emergency... then they are also my home projects, new car, dry powder, and retirement bond(s)... fund(s). Sure, I mean what account. Taxable? I'm not in a high tax bracket. https://humbledollar.com/2017/0...
by mikeyzito22
Mon Jul 27, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1437

Re: Creative ways to meet rewards checking transaction requirements?

With these low rates, I'm considering opening more reward checking accounts, but looking for creative ways to genereate / automate the transaction requirements. IN general, seems like 15 debits / ACH / billpays is a general requirement. One method I considered - my wife and I have separate joint Re...
by mikeyzito22
Mon Jul 27, 2020 9:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8863
Views: 703389

Re: U.S. stocks continue to soar!

Any other thoughts? Invest in what lets you sleep at night. That said at your age go for growth. This compares Vanguard's Target Date 2050 Fund to Vanguard's S&P500 index. Thanks. I'm 90/10 three fund. Decided against the heavy international in Target date funds and manage the three fund in pieces ...
by mikeyzito22
Mon Jul 27, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1437

Re: Creative ways to meet rewards checking transaction requirements?

Good idea. However, what's the effective top end of the rewards checking? If it's only up to 25K then its really not worth it. Citi Double Cash is 2% and if you do a lot of automation and spending on it you are guaranteed to come out above a debit card with 15 transactions. I used to do that but wh...
by mikeyzito22
Mon Jul 27, 2020 8:49 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8863
Views: 703389

Re: U.S. stocks continue to soar!

If backing up the truck means following your existing IPS, or working to get back to your target AA, I think that's a fine plan. For me, it actually means I'm backing up the truck to buy bonds these days, as the rebalance I did during March lows plus the recent equity recovery has left my AA equity...
by mikeyzito22
Mon Jul 27, 2020 8:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8863
Views: 703389

Re: U.S. stocks continue to soar!

... Well crap. That's damn reassuring and makes me happy. I was bulking up mostly on cash (still keeping regular contributions moving though). I was concerned about our furlough at my work and my partners work actually was operating illegally until they could get the proper licensing (which they di...