Search found 226 matches

by Agggm
Sun Sep 23, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9612

Re: Im going to die somewhere between Bankruptcy and $20 million

So first, I think you're doing great, keep it up! I think you're either a lot closer to the finish line than you realize or you will finish with a lot more than you realize. Either way, you're doing great. You seem pretty risk-adverse. One thought, price out a $60k annuity at your current age, in 2...
by Agggm
Sun Sep 23, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 2815

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:57 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 2815

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 2815

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. Why is that a problem? Vanguard funds often beat their in...
by Agggm
Sun Sep 23, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 2815

Re: Fidelity zero ER funds closed?

I'm skeptical that we know all we should about the Zero ER funds. Unless Fido is content to have a product with zero income and some level of expense, an extremely doubtful scenario, then they are making money somewhere that is not apparent. They state they'll make money from securities lending. Va...
by Agggm
Sun Sep 23, 2018 2:21 pm
Forum: Investing - Theory, News & General
Topic: Zero-ER Fidelity Funds [Closed to new investors?]
Replies: 38
Views: 2815

Re: Zero-ER Fidelity Funds

Why do you want to buy these funds? Why not stick with iShares S&P 1500 (ITOT) which they sell at the Bid/Ask spread without commission and feature a low ER of 0.03% ($.30 per $1000). If you walk into the poker room and you can't instantly identify the "phish".. it is you. What is free is often not...
by Agggm
Tue Sep 18, 2018 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Complete Beginner to investing, 24 years old
Replies: 24
Views: 3194

Re: Complete Beginner to investing, 24 years old

Hi, I did try to find stickies on beginner's guides, etc, but wasn't able to. I apologize if this is already stickied somewhere. Background: Employed 24 years old, dual UK / US citizen living in Florida (just moved to the US from UK 3 months ago). Savings of around USD 20k in US and around GBP 45k ...
by Agggm
Tue Sep 18, 2018 10:49 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 6912

Re: Is there such thing as saving TOO much?

I am in a situation where my bills are relatively low. (Single, no kids). I live a pretty basic, simple, and frugal lifestyle. (10 year old reliable car, prepaid cell phone, cut my own hair etc). I am saving roughly 50%+ of my salary, Investing mostly in VTSAX and some liquid savings accounts for a...
by Agggm
Tue Sep 18, 2018 10:42 pm
Forum: Personal Consumer Issues
Topic: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help
Replies: 82
Views: 3549

Re: Buy-Out BMW Lease / Buy More Practical New Model / Buy Practical Used Model? Help

Hi all, I am 53, take-home about 42K, unmarried, no children….what would you do? —————————————- I leased a 2016 BMW 328I Miles: 8K and in excellent shape (I don’t drive much) Lease expires in one month Will Have Paid total of $16,000 in monthly payments by lease-end Current Value of Car: $22,000 Bu...
by Agggm
Tue Sep 18, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4628

Re: Bonds. Why? (vs. cds)

If we can assume that US interest rates are going to keep going up slowly through the next few years, why is better to invest in Bonds, vs. just investing in a CD ladder? Do Bonds Yield more than CDs? Ally has 2.5% CDs for a one year period, for instance (for a 25K minimum). The opportunity risk of...
by Agggm
Tue Sep 18, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar cost average funds being transferred to new retirement account?
Replies: 25
Views: 1741

Re: Dollar cost average funds being transferred to new retirement account?

I am in process of transferring accounts from an advisor-managed portfolio to simplified Vanguard portfolio. After I sell holdings in advisor-managed account and transfer funds to Vanguard, does it make sense to dollar cost average the purchase of new Vanguard funds? Or since funds are already inve...
by Agggm
Tue Sep 18, 2018 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation calculator
Replies: 50
Views: 3356

Re: Asset allocation calculator

I am in the process transferring funds from advisor-managed portfolio to a 3 or 4 fund portfolio at Vanguard. I've been using MaxiFi to back out what level of return I need to achieve retirement goals. Once I have that number, I'd like to work out correct stock/bond allocation to achieve that retur...
by Agggm
Sat Sep 08, 2018 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: returns for the next decade
Replies: 40
Views: 4267

Re: returns for the next decade

Thegame14 wrote:
Thu Sep 06, 2018 4:20 pm
IT will be EXACTLY 4.72%
lol
by Agggm
Sat Sep 08, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation after paying off mortgage
Replies: 22
Views: 1834

Re: Asset allocation after paying off mortgage

Hello all. Thank you in advance to all the fantastic people on this board. Recently I paid off my mortgage. ( I know, that's a whole other discussion). I feel blessed that I could pay it off while in my early 50s and have a good deal remaining for retirement, which could be 5 years away, in some fo...
by Agggm
Sat Sep 08, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40315

Re: Low-earners- What is your profession?

I was blown away with some of the salaries I've seen here. My focus isn't as much on the $$ figures but how it relates to spends. For example, a guy making $500k living in a $2mm house is doing worse in terms of mortgage vs salary than a guy making $60k living in a $180k house. I rather be the form...
by Agggm
Sat Sep 08, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 306
Views: 40315

Re: Low-earners- What is your profession?

Just for informational purposes, currently the median household income in the U.S. is about $56k. This is a pretty humorous thread. Folks making just under $100K calling it "low-income"? Our family makes much less, and we aren't low income. Please change the title. I agree with the above statement....
by Agggm
Sat Sep 08, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep my financial advisor
Replies: 130
Views: 7679

Re: Should I keep my financial advisor

Hello all, I'm a long time lurker but first time poster. I'm 33yrs old, married, no kids yet but planning to have one soon. I currently have a fee only financial advisor that manages my investment and other aspects of personal finance. They charge flat retainer fee of 5k per year, soon to go up to ...
by Agggm
Wed Aug 29, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7848

Re: I still use cash not credit cards should I reconsider?

There are 1,000,000 CC threads but the general answer is: if you'd like to go through life with a 2% discount on everything you should get a credit card. Regarding your questions about keeping track--if you're just walking around with a stack of $20s and replenishing when you are low, I can't imagi...
by Agggm
Sun Aug 26, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating the average combined return of several mutual funds?
Replies: 5
Views: 358

Re: Calculating the average combined return of several mutual funds?

I'm embarrassed by my inability to find this answer elsewhere before having to ask it here: our son has 8 mutual funds (equities, F.I., international). I'm recommending either a. 3 fund portfolio or b. a target date fund (he's 33). Want to figure out the average annual return of the COMBINED funds....
by Agggm
Sun Aug 26, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95048

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=2&startYear=2000&endYear=2009&initialAmount=2000000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&portfolio1=Custom&portfolio2=Custom&portfolio3=Custom&TotalSt...
by Agggm
Sun Aug 26, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7067

Re: Game Changing Inheritance of Stocks! Now what?

Hi There. My wife recently inherited a windfall from her late dad -- 2 shares of Berkshire Hathaway stock-- 2 of BRKA and 1500 shares of BRKB (which is roughly the equivalent of 1 share of BRKA). We are 2 public school employees in our early 40's. All of our debt is paid off except for a $275K mort...
by Agggm
Tue Jul 10, 2018 11:38 pm
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4960

Re: Target date funds....unsophisticated?

Target date funds, really? If someone posted they changed their AA every year, paid higher fees for investing than they needed to so someone else could manage their investments, invested in funds that unnecessarily manufactured taxable events every year, and set an AA that didn’t really match their...
by Agggm
Mon Jul 09, 2018 11:13 pm
Forum: Personal Consumer Issues
Topic: Whole Foods -- any drop in prices after Amazon takeover ?
Replies: 31
Views: 3996

Re: Whole Foods -- any drop in prices after Amazon takeover ?

lightheir wrote:
Mon Jul 09, 2018 9:29 pm
No overall price drop from what I'm seeing.

Wf still equals whole paycheck.
Lol... WF ain't that bad. Groceries are super cheap in the US.
by Agggm
Wed Jun 13, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 112727

Re: Anyone regret paying off mortgage early?

Being debt free is the best feeling ever! LynnC I paid off my mortgage at 34. I haven't carried debt since. And I disagree that being debt free is the best feeling ever. In fact, to me, it has been surprisingly anticlimactic. Do I regret it? No. But that's because dwelling on the past is useless. W...
by Agggm
Sun May 27, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 31660

Re: Why pay cash for a car?

Before i paid off my car the interest rate was 1%. My online savings account is earning 1.3%. I do really like being debt free though. But am i missing out on cheap money? The interest income is taxable and the car loan interest isn’t deductible so you are probably losing on the deal. Gill At a tot...
by Agggm
Sun May 27, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Should REITs and BDCs be looked at more like bonds?
Replies: 20
Views: 1849

Re: Should REITs and BDCs be looked at more like bonds?

Most portfolios rely on bonds to provide safety and reduce volatility. REITs and BDCs provide neither. I think that they are sensitive to interest rates (as are bonds), but are higher-risk, possibly higher-reward investments. They perhaps share some characteristics of high-yield bonds, but may not ...
by Agggm
Wed May 09, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Why International again?
Replies: 224
Views: 25597

Re: Why International again?

I understand it adds diversification--but as far as I can see, it primarily adds volatility to a portfolio. I just noticed this part re-reading your post. According to this Vanguard study, adding between 1% and 60% international decreases volatility: https://www.vanguard.com/pdf/ISGGEB.pdf +1
by Agggm
Thu Apr 26, 2018 1:08 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 7061

Re: Who benefits from "best and final offer" on condo?

I am curious about the reasoning behind "best and final" offer requests when purchasing a home. We put an offer in for a condo at $1.25m, all cash, no contingencies. We were confident in the condo being an excellent fit. The asking price was $1.19m. After filtering out many offers, they got down to...
by Agggm
Wed Apr 18, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 9884

Re: Why am I even holding BND? It has only been losing me money.

stocknoob4111 wrote:
Wed Apr 18, 2018 8:58 pm
Agggm wrote:
Sat Apr 14, 2018 6:28 pm
I hold no bonds. No plans to ever hold them.
so what do you use for the fixed income part of your porfolio? Or are you 100% equities?
I don't have a fixed income part.
by Agggm
Tue Apr 17, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me with arguments for/against actively managed...
Replies: 34
Views: 2373

Re: Please help me with arguments for/against actively managed...

I am in a debate with a friend regarding performance of an actively managed portfolio that charges 1.2% fees per year vs. a three fund strategy at Vanguard. Please help me with the pros/cons of this argument. Thanks in advance. Love, RR If you want to invest with active managers, do it. If you want...
by Agggm
Mon Apr 16, 2018 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18476

Re: Can I retire at age 40?

Bacchus01 wrote:
Mon Apr 16, 2018 7:24 am
No.

Find a different job, even if it pays less. Balance.
Exactly.
Not yet.
by Agggm
Sat Apr 14, 2018 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 9884

Re: Why am I even holding BND? It has only been losing me money.

So I've been indexing with maintenance of the following proportions: 60% VTI 30% VXUS 10% BND So 90% stock, 10% bond index portfolio. For last few years VTI and VXUS have been going fine, but BND is stagnating and even losing me money. Furthermore, bonds are in a bubble. So...any point even holding...
by Agggm
Thu Apr 12, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?
Replies: 93
Views: 18841

Re: How can I Invest 4 million dollars to earn 120k (inflation adjusted) a year for life?

cjcerny wrote:
Wed Apr 11, 2018 6:50 am
Sounds like you should be considering purchasing a simple fixed annuity with some or all of that $4 million.
No.
by Agggm
Thu Apr 12, 2018 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4015

Re: Results after investing my Emergency Fund for 3yrs

Having an emergency fund, when stock mutual funds are so liquid, was one of the worst decisons i have made, and so i have gotten out of it. I cant believe i tied up that money for so long in a money market fund. Stock funds may be liquid, but that doesn’t mean they won’t drop in value at the same t...
by Agggm
Sun Apr 01, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Results after investing my Emergency Fund for 3yrs
Replies: 20
Views: 4015

Re: Results after investing my Emergency Fund for 3yrs

Having an emergency fund, when stock mutual funds are so liquid, was one of the worst decisons i have made, and so i have gotten out of it. I cant believe i tied up that money for so long in a money market fund. Stock funds may be liquid, but that doesn’t mean they won’t drop in value at the same t...
by Agggm
Tue Mar 27, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard sends out erroneous "not enough money in settlement fund" notice]
Replies: 94
Views: 7411

Re: Concerns with Vanguard

As far as security concerns go, I've worked at financial instituions my whole life and the major ones all have similar strengths and concerns. There is a case for diversifying to reduce the risk of losing everything to one hacker- but a counter argument that it's in effect multiplying the number of...
by Agggm
Mon Mar 26, 2018 10:48 pm
Forum: Investing - Theory, News & General
Topic: Rationale for a 30% ex-US equity allocation
Replies: 30
Views: 3787

Re: Rationale for a 30% ex-US equity allocation

I really don’t understand the aversion to true global market cap weighting on this forum. The US only represents a quarter of global GDP, and therefore we’re already over-represented in market cap indexes at 50%. If nothing else, at least consider that international has lagged US for years now; kee...
by Agggm
Mon Mar 26, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 13675

Re: Seasoned bogleheads repressing the thought of lower expected returns

Are seasoned bogleheads on this forum repressing the prospect of hardly positive real returns for the next decade, because its painful to acknowledge? premiumbananas, Please explain how is that relevant to the portfolio return of any individual? A) A reasonable person will be 70/30 to 30/70. It is ...
by Agggm
Sun Mar 25, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: Invests money, 3 days later the market tanks.
Replies: 58
Views: 8137

Re: Invests money, 3 days later the market tanks.

I invested $6500 on 3-20-18. Then the next day Jerome Powell raises interest rates. The stock market tanks on 3-23-18 and I lose $3,500. If I had known the exact date the FEDS were going to raise interest rates I would not have invested. I read and stay abreast of financial news and I did not see t...
by Agggm
Thu Mar 22, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 4725

Re: New vs Used Camry vs Accord

I've narrowed my car search to Toyota Camry and Honda Accord, but I'm really struggling with (1) new versus used and (2) choosing between the two makes. How would you analyze these decisions? Many people consider these to be equivalent in quality. Based on anecdotal evidence from mechanics I've hea...
by Agggm
Thu Mar 22, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: Are we missing recession /bear market beginning
Replies: 174
Views: 19716

Re: Are we missing recession /bear market beginning

Jimsad wrote:
Thu Mar 22, 2018 5:23 am
It seems to me that on most days recently , the stock market is down on some excuse or other . It used to be the other way round till recently .
Is this because a bear market / recession has already started ?
Any changes to my portfolio I should be making?
Stay on course.
by Agggm
Wed Mar 21, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months
Replies: 35
Views: 2793

Re: Math question to buy new car: pay full, 0% 36 months, 0.9% 60 months

Deciding between these 3 payment options to buy new car: 1) Pay full amount - get $750 discount 2) 0% 36 months - no discount 3) 0.9% 60 months - no discount Assuming I can afford either option, which do you think is best? I believe the answer lies in what interest rate I can get for the money I am...
by Agggm
Wed Mar 21, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 13772

Re: Can I Retire at 38?

Good afternoon, Me and my wife are 38 years old. We have a net worth of 2.7 million comprised of real estate and retirement accounts. We live in Southern California and have two small children. Currently, we work for CA state government and have a combined annual salary of 215,000 a year. We got th...
by Agggm
Wed Mar 21, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: Maybe Ramsey is right
Replies: 43
Views: 10022

Re: Maybe Ramsey is right

I am a fan of Dave Ramsey with his debt free advice. But for investments I think he believes his ELP financial advisors can do better with there front load fees. Than again they pay his company fees for advertisements. He's dealing with financial numbnuts though. Investing with an adviser is better...
by Agggm
Wed Mar 21, 2018 6:45 pm
Forum: Investing - Theory, News & General
Topic: [Federal Reserve hikes interest rate]
Replies: 34
Views: 4447

Re: Fed raises the fed rate, markets do not look efficient

I know why bond funds go down when the Fed raises rates (or other long term rates go up), but I find it odd that on the day the Fed raises rates by 25 basis points BND goes down .25%. If the markets are efficient then these rate increases should already be priced into the fund price. Everyone knows...
by Agggm
Wed Mar 21, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Advisory
Replies: 23
Views: 3135

Re: Schwab Intelligent Advisory

I have been reading about this for some time and am intrigued. I have most of my accounts at Schwab and am invested 90% stock / 10% bond via a 3 fund portfolio. I have 529s setup for my kids and emergency fund at a high yield online savings bank. Does Schwab Intelligent Advisory add any value or sh...
by Agggm
Sun Mar 11, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: How banks create money, not from deposits
Replies: 132
Views: 12366

Re: How banks create money, not from deposits

Hi All, I found the article linked below where the author explained how money is created by commercial banks. It seems there has been a misconception for many years as to the process: “While many people may think that banks take in savers’ money and then lend it out, this is a misconception. So too...
by Agggm
Mon Mar 05, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 108
Views: 5901

Re: Thoughts on Credit Cards?? [Credit card vs. debit card]

Imo self awareness and self control beats popular behavioral study results (which are often misquoted and misunderstood anyway). I automated optimal credit card/debit card use for everything. While of course nobody here except maybe me has such weakness (just don't want to argue about it), I'd poin...
by Agggm
Wed Feb 28, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 16695

Re: How much cash do you keep at any time on checking?

Between 25k and 30k. (It doubles as my savings account because the annual rate is over 2.5%.) At the end of the month, everything over 30k gets invested into vanguard stock index funds. Agggm: do you mind sharing the bank that pays 2.5% in checking account? Is it a reward checking with lots of requ...
by Agggm
Wed Feb 28, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Safety or stocks for house down payment fund?
Replies: 15
Views: 1166

Re: Safety or stocks for house down payment fund?

Hi everyone- My daughter inherited 15,000 that she is going to save for a down payment on a house. Her husband is in the military so they won’t settle down for another 7 years. She would like something safe but her husband wants all an all equity investment. He is new to investing and has only expe...