Search found 1056 matches

by TheDDC
Fri Sep 18, 2020 2:15 am
Forum: Investing - Theory, News & General
Topic: Merrill Edge transaction fee?
Replies: 12
Views: 783

Re: Merrill Edge transaction fee?

A member of this site who is a ME account holder posted that it is possible to buy Vanguard funds via an automatic investment plan at ME. It is not available for all mutual funds but I believe VTSAX and VTIAX are available via this method. To the OP: can you verify this is possible by setting up an ...
by TheDDC
Wed Sep 16, 2020 11:56 am
Forum: Personal Investments
Topic: Vanguard Roth Performance
Replies: 14
Views: 1200

Re: Vanguard Roth Performance

Since Jan '20, would I have faired better if I had been invested in VG Total Bond or VG 500? Since January 2020 if you had been in TSLA you'd have a 412% gain. Yes. Another perspective on this is if you needed to cash out now on that “easy money” then your gain would most likely be cut into a third...
by TheDDC
Wed Sep 16, 2020 12:07 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697047

Re: U.S. stocks continue to soar!

Fun tidbit of the day, regarding sentiment: "Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above...
by TheDDC
Tue Sep 15, 2020 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44839

Re: How to get over finance envy

I just tell myself all of those people make a lot more money than me and therefore can live better. True or not, it’s a logical answer to an ancient question. Good point. Don’t assume those who spend money on luxuries are over extended. Some people frankly are doing better than you. The neighbor wh...
by TheDDC
Tue Sep 15, 2020 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44839

Re: How to get over finance envy

I just tell myself all of those people make a lot more money than me and therefore can live better. True or not, it’s a logical answer to an ancient question. Good point. Don’t assume those who spend money on luxuries are over extended. Some people frankly are doing better than you. The neighbor wh...
by TheDDC
Tue Sep 15, 2020 7:37 pm
Forum: Personal Investments
Topic: Inherited IRA and SECURE act
Replies: 8
Views: 853

Re: Inherited IRA and SECURE act

Hi all, I am a non eligible designated beneficiary and have inherited a traditional qualified IRA from my parents. The Secure Act mandates that I empty the account in 10 years with no RMDs required. Which asset allocation strategy would you use in the inherited account? I am thinking of keeping it ...
by TheDDC
Tue Sep 15, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5733

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

GetSmarter wrote: Tue Sep 15, 2020 5:11 pm
Nate79 wrote: Tue Sep 15, 2020 4:45 pm I don't recall if you mentioned it or not but what is the feedback from the police/DA's office?
I didn't go that route.
Consider going that route. Use the state's money to go after fraud. Otherwise you are just chasing your tail here without something more definitive in your court.

-TheDDC
by TheDDC
Mon Sep 14, 2020 8:40 pm
Forum: Personal Investments
Topic: Advice: Vanguard funds
Replies: 20
Views: 1589

Re: Advice: Vanguard funds

You lost $28k??? What the heck happened? Did you liquidate the money from your account too? :oops: Don’t sell during lows... that is the time to keep buying frequently and methodically. Something else happened to knock that balance down. Focus on getting back the $16k that you lost. Hustle it in the...
by TheDDC
Sun Sep 13, 2020 11:03 pm
Forum: Personal Investments
Topic: Age vs retirement year
Replies: 27
Views: 4597

Re: Age vs retirement year

Just curious how most of you bogleheads handle your asset allocation relative to your age. For example if you own a target date fund do you go with your retirement year even if you may only be 55 when you hit that year? I know the typical response is "whatever I am comfortable with". Like most folk...
by TheDDC
Sun Sep 13, 2020 11:02 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697047

Re: U.S. stocks continue to soar!

Yes, because my monthly VTSAX/FSKAX contribution hits on the 15th like clockwork. You can expect a drop on the 16th after a smooth ramp upward. You can thank me later for the advance warning.

-TheDDC
by TheDDC
Sun Sep 13, 2020 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5733

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

This is a terrible situation. My heart goes out to you. I know how challenging it is confronting even COMPETENT (of which it sounds like there is some question there with regard to the nursing home staff) health care employees regarding the needs of an aging parent. Having lost a close loved one aft...
by TheDDC
Sun Sep 13, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you estimate post-retirement income tax?
Replies: 21
Views: 1928

Re: How do you estimate post-retirement income tax?

Keep in mind that there is more than income taxes to factor in. If you are enrolled in Medicare there is IRMAA. You want to make sure your total income is under the IRMAA limit otherwise it's just a "stupid tax" that need not be paid.

-TheDDC
by TheDDC
Sun Sep 13, 2020 10:28 pm
Forum: Personal Investments
Topic: What to do with monthly surplus?
Replies: 29
Views: 4012

Re: What to do with monthly surplus?

wander wrote: Sun Sep 13, 2020 9:50 am Do you still have debt? If yes, that needs to go first.
+1. Address debt first. After that, keep buying (on a schedule) VTSAX monthly.

-TheDDC
by TheDDC
Sat Sep 12, 2020 11:50 am
Forum: Personal Investments
Topic: Date for CG Calculation for Inherited Shares in Taxable Account
Replies: 3
Views: 247

Re: Date for CG Calculation for Inherited Shares in Taxable Account

I realized I had never responded to this thread. Thank y'all SO MUCH for the help as always. I learned something new (that is probably readily accessible) and that is that sales of inherited shares are treated as LTCG. Taxes next year will be quite interesting, and events like this always make me re...
by TheDDC
Sat Sep 12, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage or pay it off?
Replies: 25
Views: 1655

Re: Refinance mortgage or pay it off?

Pay it off with cash if you have it. Then send the extra cash flow to VTSAX monthly. Add that to your budget. Excellent path to wealth. Ask me how I know...

-TheDDC
by TheDDC
Sat Sep 12, 2020 11:45 am
Forum: Investing - Theory, News & General
Topic: Porter Stansberry advising going to 100% cash - Help!
Replies: 62
Views: 15699

Re: Porter Stansberry advising going to 100% cash - Help!

Didn't make it far enough to see what he's predicting this time, but my guess is more doom and gloom. There was an add on TV recently from Ron Paul IIRC talking about the upcoming election, financial impacts, etc. With a link www.RonPaulMessage5.com to learn more. I listened to what Ron had to say ...
by TheDDC
Sat Sep 12, 2020 11:43 am
Forum: Investing - Theory, News & General
Topic: Irrational Exuberance- Is completely ignoring all external signals (p/e) and auto-investing monthly ever a bad idea?
Replies: 54
Views: 3860

Re: Irrational Exuberance- Is completely ignoring all external signals (p/e) and auto-investing monthly ever a bad idea?

What's the alternative? One alternative is resigning to no growth or very little growth. Bonds paying nothing is an alternative. Cash (even with inflation.). Midwest real estate that is cashflowing is an option. There would be alot of better options if the market drops 50% (which I understand can't...
by TheDDC
Fri Sep 11, 2020 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Old friend joined Northwestern Mutual -- how to politely explain they're awful
Replies: 87
Views: 6445

Re: Old friend joined Northwestern Mutual -- how to politiely explain they're awful

I will say being on the receiving end as the beneficiary of a whole life insurance policy from NWM, they were not a bad company to deal with. My loved one “invested” in a whole life policy a long time ago. I also chose to keep the proceeds in a NWM retained cash account (not an annuity) which serves...
by TheDDC
Wed Sep 09, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Are the days of 7% avg index returns over?
Replies: 65
Views: 9442

Re: Are the days of 7% avg index returns over?

Yes time for 10% returns, as is the historic average.

-TheDDC
by TheDDC
Mon Sep 07, 2020 9:58 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 97
Views: 7361

Re: How do Bogleheads cope with FOMO? [Fear Of Missing Out]

Easy. Just keep investing every month like clockwork... 100% VTSAX. When you get a flash crash like we had last week you get to massage that FOMO muscle by buying in at a discount.

Consistency does it.

-TheDDC
by TheDDC
Thu Sep 03, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44839

Re: How to get over finance envy

I just tell myself all of those people make a lot more money than me and therefore can live better. True or not, it’s a logical answer to an ancient question. Good point. Don’t assume those who spend money on luxuries are over extended. Some people frankly are doing better than you. The neighbor wh...
by TheDDC
Thu Sep 03, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697047

Re: U.S. stocks continue to soar!

I’m already in, but I wish I had put more in “back then”. Looks like we’ll get a second chance. A flash crash is always great for the FOMO crowd.

-TheDDC
by TheDDC
Wed Sep 02, 2020 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44839

Re: How to get over finance envy

This forum helps people to prepare for the future, and those people who share their knowledge and experience are a treasure! The most amazing aspect of this forum is the wide range of people who work toward financial security as they age, for when they can no longer work. In my considered opinion, ...
by TheDDC
Wed Sep 02, 2020 7:53 pm
Forum: Personal Investments
Topic: Date for CG Calculation for Inherited Shares in Taxable Account
Replies: 3
Views: 247

Date for CG Calculation for Inherited Shares in Taxable Account

Hopefully a simple question: What is the date used by the IRS that defines whether a capital gain is defined as long term or short term in the case of inherited shares held in a taxable brokerage account: The original date the shares were acquired by the decedent, or the date of death of the deceden...
by TheDDC
Wed Sep 02, 2020 2:51 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20070
Views: 2745211

Re: U.S. stocks in free fall

EnjoyIt wrote: Wed Sep 02, 2020 2:48 pm So what binary events are you alluding to that give good reason for our continued market growth?
Binary explosives, maybe?

-TheDDC
by TheDDC
Wed Sep 02, 2020 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 322
Views: 44839

Re: How to get over finance envy

They generally aren't more fortunate, but just appear to be. The easy answer is most people are in debt to their eyeballs in homes and cars they cannot afford, because "lifestyle reasons". With easy credit offered under the current interest rate environment expect it to continue on fake/borrowed mon...
by TheDDC
Sun Aug 30, 2020 10:09 pm
Forum: Personal Investments
Topic: FSKAX vs VTI
Replies: 15
Views: 1221

Re: FSKAX vs VTI

The higher turnover on FSKAX makes that fund best suited in a tax advantaged investment account but FSKAX has a lower ER. I invest in both FAKAX in my Trad and Roth 403(b) at Fidelity. Everything else is VTSAX. Bottom line is there isn’t a huge difference between these funds overall and FSKAX would ...
by TheDDC
Sun Aug 30, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: The “Abandon Bonds” strategy
Replies: 259
Views: 26733

Re: The “Abandon Bonds” strategy

I never abandoned them. I just never added them. I inherited some from the passing of a loved one, but those weren’t mine originally either.

-TheDDC
by TheDDC
Sun Aug 30, 2020 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Stage 4 Cancer and Young Family
Replies: 105
Views: 14659

Re: Stage 4 Cancer and Young Family

The expression from Shawshank Redemption is correct - “Get busying living or get busy dying.” I wouldn’t structure your life around dying.

Find a competent doc, explore alternative options the others won’t touch. You can beat it. Fight like hell.

-TheDDC
by TheDDC
Fri Aug 28, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16291

Re: Do you talk to your friends/family/coworkers about this stuff?

Doctor Rhythm wrote: Sun Aug 23, 2020 1:10 pm Too many ways for the conversation to go badly or have my words misconstrued as insulting, arrogance, ignorance of my privilege, or boasting about income/wealth.
That's hysterical, because that doesn't seem to stifle anyone around here, that's for sure.

-TheDDC
by TheDDC
Fri Aug 28, 2020 10:31 am
Forum: Personal Investments
Topic: Two funds for life portfolio
Replies: 7
Views: 630

Re: Two funds for life portfolio

My two funds for life: VTSAX and VTIAX.

-TheDDC
by TheDDC
Sun Aug 23, 2020 8:28 am
Forum: Personal Consumer Issues
Topic: Confirming my new AMEX card nonsense.
Replies: 15
Views: 1843

Re: Confirming my new AMEX card nonsense.

You should be able to call customer service to activate. I am naturally an online banking guy so this didn’t annoy me too much when we got our AMEX replacements, but I agree it’s much easier to pick up a phone (a normal one) to activate the cards.

-TheDDC
by TheDDC
Sat Aug 22, 2020 11:08 am
Forum: Personal Investments
Topic: Should I get a financial planner (fiduciary)?
Replies: 33
Views: 1754

Re: Should I get a financial planner (fiduciary)?

I am a beneficiary of a Northwestern Mutual “select 100” whole life policy. That was a $100k policy, issued around 1984 timeframe. When I collected on the policy after my loved one passed this year, want to know what the total value was when I collected the benefit? $184k. The premium was $131.98 a ...
by TheDDC
Fri Aug 21, 2020 9:19 pm
Forum: Personal Investments
Topic: What is your asset allocation and what future % returns are you expecting?
Replies: 91
Views: 6001

Re: What is your asset allocation and what future % returns are you expecting?

Just wondering what people have as their asset allocation - 60/40 U.S index/ bonds or 70/30 All world index/ bonds and what future returns percentage are you expecting or using for 30+ year predictions? 12% real for 100/0 (vtsax) :twisted: :beer +1 With some of these crappy investment prognosticato...
by TheDDC
Thu Aug 20, 2020 10:07 pm
Forum: Investing - Theory, News & General
Topic: Cannot Get Myself To Index
Replies: 29
Views: 2985

Re: Cannot Get Myself To Index

wander wrote: Thu Aug 20, 2020 10:02 pm You can do fine without Index, why bother trying to get yourself to Index? :oops:
Because you can't pick a winner all the time, and you may not be in a position to buy before the win happens. Are you seriously planning to be tied to a computer to execute trades at a moment's notice?

-TheDDC
by TheDDC
Thu Aug 20, 2020 10:05 pm
Forum: Personal Investments
Topic: How often are you adding to taxable accounts?
Replies: 78
Views: 4772

Re: How often are you adding to taxable accounts?

I have $500 automatically invested into VTSAX every Monday. I have a low cost of living, so my checking account naturally grows because I never use my fun money. It forces me to keep my checking account low. I also think it's is better than a savings account. I mentally see my Roth and 401k as only...
by TheDDC
Thu Aug 20, 2020 10:01 pm
Forum: Personal Investments
Topic: How often are you adding to taxable accounts?
Replies: 78
Views: 4772

Re: How often are you adding to taxable accounts?

Monthly - the 15th when I get the first pay of the month. Anything more than monthly is going to be more of a pain to track basis in a taxable account. I have dividend/CG reinvestment turned off.

-TheDDC
by TheDDC
Thu Aug 20, 2020 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: No Probate - Medical Bill Responsibilities
Replies: 15
Views: 1421

Re: No Probate - Medical Bill Responsibilities

Sorry to hear about your loss. I recently had to deal with the loss of a loved one, too. I did not need to probate the will. I would not worry about paying debts of a decedent, least of which medical debts. Most likely insurance picked up the tab, and if they didn't and Medicare is involved and they...
by TheDDC
Thu Aug 20, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: Cannot Get Myself To Index
Replies: 29
Views: 2985

Re: Cannot Get Myself To Index

But then I look at the high multiples of the tech stock and makes me second guess myself that Iam investing on the top. If you take a look at any stock market chart, you will see that the market is almost always at or near "the top". Really. Look at a chart and see. [/quote] Bingo! Otherwise we wou...
by TheDDC
Tue Aug 18, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time
Replies: 93
Views: 12101

Re: Investors Are Clinging to an Outdated Strategy — At the Worst Possible Time

VTSAX or VTSAX/VTIAX and chill. Doesn’t need to be any more complicated.

-TheDDC
by TheDDC
Sun Aug 16, 2020 11:04 pm
Forum: Personal Investments
Topic: Converting VTSAX to VTI
Replies: 9
Views: 846

Re: Converting VTSAX to VTI

I've done the same conversation for moving to Merrill edge. 1) purchase dates remain the same. 2) converted etf doesn't have fractional shares -- they are sold as part of conversation process. My understanding is that you don’t need to do this prior to moving to ME to continue to buy Vanguard mutua...
by TheDDC
Sun Aug 16, 2020 10:44 pm
Forum: Personal Investments
Topic: Talk me out of Covid 19 timing
Replies: 119
Views: 7876

Re: Talk me out of Covid 19 timing

Keep steadily investing in good growth stock mutual funds like VTSAX. Do not interrupt your strategy. Consistent investing is the other to wealth.

Timing is silly. Don’t do it.

-TheDDC
by TheDDC
Sat Aug 15, 2020 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Need help forming a LLC for my clinic.
Replies: 40
Views: 2061

Re: Need help forming a LLC for my clinic.

Pay the lawyer to do it. $1000 is well worth it to have it done right. This is your livelihood after all.

-TheDDC
by TheDDC
Sun Aug 09, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Tax Return Delayed Due to Adoption Credit?
Replies: 7
Views: 445

Re: Federal Tax Return Delayed Due to Adoption Credit?

I am late to responding, so hopefully OP has received their refund. I just want to add that we adopted in 2017 & were never audited. Since it was a long process we took part of the adoption tax credit on 2016 taxes, and the rest on 2017 taxes (for the same adoption). We were wondering if we would g...
by TheDDC
Tue Aug 04, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: College tuitions and how to help our daughter pay them
Replies: 85
Views: 4861

Re: College tuitions and how to help our daughter pay them

I vote no student loans. Not a good thing to do, financially. Work, pay cash, or wait until you are in a position to cash flow.

-TheDDC
by TheDDC
Tue Aug 04, 2020 9:53 pm
Forum: Investing - Theory, News & General
Topic: Is the Stock Market "too big to fail"?
Replies: 27
Views: 2899

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

According to this strategist, it is: https://markets.businessinsider.com/news/stocks/stock-market-outlook-prices-too-big-to-fail-stimulus-strategist-2020-8-1029468815# "Several commentators have knocked bullish investors and called the market's latest leg-up a repeat of the 1990s tech bubble. Kantr...
by TheDDC
Tue Aug 04, 2020 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: [401(k) provider changed funds without permission]
Replies: 16
Views: 793

Re: Schwab lost me thousands ... mostly venting, wondering if any recourse?

Food for thought: If the OP had simmered down and stayed in 92% equities he would be way up today. It's a matter or perspective. It's a blessing in disguise.

-TheDDC
by TheDDC
Tue Aug 04, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 9203

Re: Are Financial Advisors a Complete and Total Waste of Money?

That said, I believe that most (90%+) financial advisors are not really "financial advisors". They know very little about personal finance, and give very little advice. They are product salesmen with very little technical savvy. However, that doesn't make them a total waste of money. There are a lo...
by TheDDC
Mon Aug 03, 2020 10:57 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 279
Views: 14623

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

My previous colleagues that are retiring today from a mega corp are offered a lump sum or a non-COLA pension (single life, 50% J&S, 75% J&S or 100% J&S annuities). The lump sum is valued based on mortality tables and segment rates published in Nov. by the IRS. The higher the segment rates the lower...
by TheDDC
Mon Aug 03, 2020 10:34 pm
Forum: Investing - Theory, News & General
Topic: Are Financial Advisors a Complete and Total Waste of Money?
Replies: 153
Views: 9203

Re: Are Financial Advisors a Complete and Total Waste of Money?

Okay, but also keep in mind Rick Ferri just had a guest on his show pushing whole life products, which he casually went along with during the talking points. I would not consider it being a "right answer" to pay someone who financially assaults people in that way, either. This was the first episode...