This is a great quote. Thank you. Going to use it for my sig.
Search found 12 matches
- Wed Aug 15, 2018 10:38 am
- Forum: Investing - Theory, News & General
- Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
- Replies: 1247
- Views: 143043
- Fri Aug 10, 2018 2:49 pm
- Forum: Investing - Theory, News & General
- Topic: Vanguard Switch to Brokerage Accounts
- Replies: 65
- Views: 16966
Re: Vanguard Switch to Brokerage Accounts
This is my #1 frustration with the brokerage accounts. Not that there aren't others.cowdogman wrote: ↑Thu Aug 09, 2018 8:43 pm 1. First I noticed that my dividends were no longer re-invested in my designated fund. I used to have my stock fund dividends reinvested in a short term bond account, but after the change the dividends went to the settlement account, Prime Money Market--and I had to go online to re-transfer them to the bond fund.
I was forced to upgrade to execute an incoming in-kind IRA rollover. Which didn't even need to be an in-kind since the funds are in cash already at the source. *shrug*
- Tue Aug 07, 2018 11:48 am
- Forum: Investing - Theory, News & General
- Topic: "Age in Bonds" fails almost everyone
- Replies: 217
- Views: 33897
Re: "Age in Bonds" fails almost everyone
I set out to devise an approach that was significantly more accurate without being significantly hard to remember. Eventually I settled on the following: Age 40 and under, hold 10% in fixed income Age 45 to 60, hold "age minus 18" in fixed income Age 65 and over, hold 65% in fixed income How about: Under 40, hold 10% in fixed income. On your 40th birthday increase fixed income by 2.2% Every year increase fixed income by 2.2% until you hit 65% (this will happen on your 65th birthday). After 65, hold at 65% forever. That should get very close to the target date fund. How about: Invest in target date funds, instead of trying to run your own TDF by copying existing funds poorly. I'm 34, my AA is 50/50, and I am quite happy with it. A...
- Tue Aug 07, 2018 11:36 am
- Forum: Investing - Theory, News & General
- Topic: A different approach to asset allocation
- Replies: 1539
- Views: 897768
Re: A different approach to asset allocation
Net worth: $1.2mn, not counting wife's assets Equity exposure: $0 Children: 2 I just read over this thread start to finish over the past few days. If anything, the most recent update is depressing me. I am roughly the same age as the OP (finished undergrad in 2006 so I think a couple years younger) and my combined net worth with my wife is ~$675k (one kid, roughly $427k equity exposure). I know that's still way above average and we're doing fine, but I am jealous of MT's hustle and skillset. I am in a high compensation field (started in software dev, now on the infrastructure/ops side) but took almost 2 years off in my 20s to be a lazy slacker...and I haven't exactly worked as hard as possible at my various positions. I guess If I had star...
- Wed Aug 01, 2018 12:21 pm
- Forum: Investing - Theory, News & General
- Topic: Fidelity Files for Four Fidelity ZERO℠ Funds (0.00% ER)
- Replies: 814
- Views: 113047
Re: Fidelity Files for two Fidelity ZERO℠ Funds (0.00% ER total stock and total international mutual funds)
They could possibly do it on a few select funds (like Fidelity has done) as a loss leader, and keep making money on other funds and products.Nate79 wrote: ↑Wed Aug 01, 2018 12:05 pmI do not think it is possible for Vanguard to play this game as their funds are offered at cost. The primary cost by far for Vanguard funds is classified as "Management and Administrative" costs. These management costs as I understand are paid to Vanguard by the fund to management the funds and the accounts thru a service agreement at Vanguard's cost of operations.
- Sun Jul 15, 2018 4:44 pm
- Forum: Personal Investments
- Topic: Roth IRA basis
- Replies: 33
- Views: 18125
Re: Roth IRA basis
Yeah I think they made a mistake. Will see if I have any other documentation from the rollover.
- Sun Jul 15, 2018 4:11 pm
- Forum: Personal Investments
- Topic: Roth IRA basis
- Replies: 33
- Views: 18125
Re: Roth IRA basis
Ooh, I think you're right! I remember being pissed at Putnam because there was a $75 fee to close the account and roll it over. Criminal! The ~$50 would make sense as there were also pre-tax contributions in the account, so the fee was probably prorated based on the balance of each.
- Sun Jul 15, 2018 11:57 am
- Forum: Personal Investments
- Topic: Roth IRA basis
- Replies: 33
- Views: 18125
Re: Roth IRA basis
Yes, these two boxes should be the same. I assume that neither of these forms was corrected later, for example due to an excess contribution. Check Box 1 of the 1099R. If that figure is the same as Box 5, then the likely error is that the 1099R issuer did not know that Box 5 will exceed Box 1 if there was an investment loss prior to the direct rollover. For purposes of your Roth IRA basis, you may want to keep a copy of the W-2 to document your basis in regular Roth IRA contributions if you feel the W-2 is the more accurate figure. Neither form was corrected later. Box 1 of the 1099-R is not the same as box 5, it is a bit larger as there was a small gain in the account prior to the rollover. I will just use the smaller 1099-R figure for ba...
- Sun Jul 15, 2018 10:29 am
- Forum: Personal Investments
- Topic: Roth IRA basis
- Replies: 33
- Views: 18125
Re: Roth IRA basis
I was incorrect about Box 5 for direct rollovers from a Roth 401k to a Roth IRA. The 1099R Inst. are a mess, as they do not mention Box 5 in the section for reporting direct rollovers from designated Roth accounts. However, since posting that I noticed that a few pages later in the 1099R Inst. under how to complete Box 2a (yes, 2a!), there is an example which shows that Box 5 is to be completed for direct rollovers from designated Roth to Roth IRA. I expect that this inconsistency confuses some plan administrators as well. In any event, if your H coded 1099R shows an amount in Box 5, it is probably correct. However, if you did IRRs (roll pre tax 401k to Roth 401k), the Box 5 amount needs to be checked. The IRRs should be included in Box 5 ...
- Tue Feb 13, 2018 7:28 am
- Forum: Personal Investments
- Topic: Portfolio Overhaul
- Replies: 4
- Views: 593
Re: Portfolio Overhaul
Thanks for the advice, holy cow this forum gets a lot of action!Watty wrote: ↑Tue Feb 13, 2018 6:00 am You might try doing another post in this suggested format(more or less) to get better responses.
viewtopic.php?f=1&t=6212
If you also give the fund names and not just their ticker symbols that will help get better responses too.
I am going to provide more info, but already bloom2708 has me reconsidering international exposure. And I decided I should really sit down and write an investment policy statement. So once I have that done, I'll repost in the standard format including my IPS.
- Mon Feb 12, 2018 3:45 pm
- Forum: Personal Investments
- Topic: Portfolio Overhaul
- Replies: 4
- Views: 593
Re: Portfolio Overhaul
Thanks for the advice, I will reconsider some international exposure.
Also, my apologies for not reading the pinned posts in this forum regarding portfolio questions. I'll come back and add some of those point later where relevant.
Also, my apologies for not reading the pinned posts in this forum regarding portfolio questions. I'll come back and add some of those point later where relevant.
- Mon Feb 12, 2018 2:34 pm
- Forum: Personal Investments
- Topic: Portfolio Overhaul
- Replies: 4
- Views: 593
Portfolio Overhaul
Hi Bogleheads, First time poster, have read here and there and general believer in the Bogle philosophy. I am doing a portfolio overhaul for my wife and I. The good news is that we're in a pretty good position (IMO) and have generally invested in low-cost index funds over the years. But several years ago I read The Intelligent Asset Allocator by William Bernstein and got into a complicated slice-and-dice allocation in my portfolios (before we were married and combined finances), with 7 asset classes including bonds. I love the theory of diversifying across assets with negative correlation to reduce risk, but in today's global economy it starts to feel like a fool's errand. All stocks are strongly correlated, etc. The more I read and learn, ...