Search found 218 matches

by guyesmith
Tue May 21, 2019 7:55 pm
Forum: Personal Investments
Topic: VASIX or VWINX for emergency savings: crazy?
Replies: 26
Views: 2489

Re: VASIX or VWINX for emergency savings: crazy?

I currently have my emergency savings in a money market account that's yielding virtually nothing. I'm thinking of moving it into either VASIX (Vanguard LifeStrategy Income Fund) or VWINX (Wellesley Income Fund). Is this crazy? Not crazy. Just more risk/reward than a savings account. I keep mine in...
by guyesmith
Wed May 15, 2019 10:05 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 18580

VTSAX or VTWAX over the next 35 years?

VTSAX or VTWAX over the next 35 years?

That's Vanguard Total Stock Market Index Fund or the Vanguard Total World Stock Index Fund.

What do you think?
by guyesmith
Thu May 02, 2019 9:10 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 3063

Re: Opening an Account: Vanguard vs. Fidelity

I find Vanguard to be the simplest to work with and navigate. I’ve moved everything to them. Only real downside for me is when I start new accounts for specific purposes I can’t start with $100.
by guyesmith
Wed May 01, 2019 12:26 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Follow up question: If I save kid gift money in my brokerage account without adding their name to it, would I someday have to pay gift tax for giving them their money? Only to the extent that the amount exceeds the annual gift tax exclusion limit. Amounts that exceed the annual exclusion limit only...
by guyesmith
Wed May 01, 2019 12:25 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Follow up question: If I save kid gift money in my brokerage account without adding their name to it, would I someday have to pay gift tax for giving them their money? Only to the extent that the amount exceeds the annual gift tax exclusion limit. Thank you. I see that's $15,000/kid. Shouldn't be a...
by guyesmith
Wed May 01, 2019 11:47 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Follow up question: If I save kid gift money in my brokerage account without adding their name to it, would I someday have to pay gift tax for giving them their money?
by guyesmith
Wed May 01, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Where to put money aside for car fund?
Replies: 16
Views: 1558

Re: Where to put money aside for car fund?

I'm using VBIAX for my long-term car savings. Each month I make a car payment to myself. When I need a car I withdraw what I need for the car. Over time I expect it to be a size-able car fund I only pull from every 3-5 years.
by guyesmith
Wed May 01, 2019 8:08 am
Forum: Personal Investments
Topic: Lucky?
Replies: 34
Views: 3209

Re: Lucky?

Luck favors the prepared. Congrats on this little bit of success.
by guyesmith
Tue Apr 30, 2019 1:12 pm
Forum: Personal Investments
Topic: Custodial Roth Vs. Custodial taxable
Replies: 4
Views: 215

Re: Custodial Roth Vs. Custodial taxable

Sounds awesome! I don't have an answer to your question, but I have considered doing this with a Roth IRA someday for my kids. If you can legally justify earned income they can have an IRA. Obviously it's not the most immediate need. Amazing though to have 50 years of growth and still be 60 yrs old,...
by guyesmith
Tue Apr 30, 2019 1:02 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

james_madison wrote:
Tue Apr 30, 2019 12:48 pm
We are doing the exact same thing for our 3 year old: Gift money into a Retirement Fund at Vanguard. We helped out a little with "seed" money to get above the minimums.
Sweet! I may give it a little bump too.
by guyesmith
Tue Apr 30, 2019 12:18 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Don’t these Target Retirement Funds have a rather steep minimum, like $1000 and each subsequent investment at least $25? The idea is fine, just that you may not be able to execute them at Vanguard specifically, but perhaps possible at Fidelity and Schwab. I am not really convinced that this will te...
by guyesmith
Tue Apr 30, 2019 12:17 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

mak1277 wrote:
Tue Apr 30, 2019 10:23 am
I'm totally on board with the concept, and I am doing something similar with my one year old's college money...I put a big slug into a target date fund for when he'll turn 18.
Awesome! Do you have that in a UTMA or just in your own brokerage account?
by guyesmith
Tue Apr 30, 2019 12:16 pm
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

I periodically buy the VT ETF in UTMA accounts for my kids. Timeframe is long enough that I'm not concerned about holding bonds. Tax gain harvest periodically to raise the cost basis. That's cool. Is the UTMA what you're using for any specific purpose? Or just to create a financial kickstart for yo...
by guyesmith
Tue Apr 30, 2019 10:02 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Isn't this the same thing as stealing the money by commingling it with your own assets? But was the money given to you with the expectation of using it when the kids are 16, or was it given to them? The UTMA still works as they don't need access to the account at 16 for you to spend the money on th...
by guyesmith
Tue Apr 30, 2019 9:59 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

What is is teaching them? They will know nothing about investing other than Dad takes their birthday money. Let them enjoy the gift money as they get older. Don’t be so controlling of it and let them learn to make decisions how much they want to save. Mine each have their own savings accounts at Al...
by guyesmith
Tue Apr 30, 2019 9:53 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Re: Kids Gift Money in a Vanguard Target Retirement Fund

Don’t these Target Retirement Funds have a rather steep minimum, like $1000 and each subsequent investment at least $25? The idea is fine, just that you may not be able to execute them at Vanguard specifically, but perhaps possible at Fidelity and Schwab. I am not really convinced that this will te...
by guyesmith
Tue Apr 30, 2019 9:25 am
Forum: Personal Investments
Topic: Kids Gift Money in a Vanguard Target Retirement Fund
Replies: 30
Views: 1370

Kids Gift Money in a Vanguard Target Retirement Fund

Hey everyone. I'm working on a method of investing money gifted to my kids at birth, holidays and birthdays. My kids are currently age newborn, 1-1/2, and 3-1/2. Since it will be a while till they need gift money and we are able to feed and cloth them without taking it, I've been considering options...
by guyesmith
Fri Dec 14, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should you always use a 529?
Replies: 63
Views: 8517

Re: Should you always use a 529?

Would you put money into a 529 for a 14yo? He is highly likely to go to college and has siblings. We get no state deduction though. The other alternative seems to be to put the money he got for college from his grandfather ($10K) into a stock account, and then sell every year to up-the-basis as lon...
by guyesmith
Fri Jul 13, 2018 5:33 pm
Forum: Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 7690

Re: Dave Ramsey made me laugh today

Dave doesn’t do bonds. He’s 100% stocks. His financial stability comes from his businesses and his rentals.
by guyesmith
Fri Jul 13, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 21278

Re: COMING SOON: BOGLEHEADS PODCASTS

Investing Like a Boglehead
by guyesmith
Thu Jul 12, 2018 1:43 pm
Forum: Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 81
Views: 12755

Re: Where do you keep your Emergency Fund?

Is there a better place to store it than in a Vanguard Money Market Fund? I just want to park it, don't want to have to move it multiple times. ... What do you do with your emergency fund? To answer your question based on your preference, no. I have my emergency fund in a Vanguard State Tax-exempt ...
by guyesmith
Thu Jul 12, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 21278

Re: COMING SOON: BOGLEHEADS PODCASTS

+1 for Talking Bogleheads

+1 for Own The Market
by guyesmith
Thu Jul 12, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 21278

Re: COMING SOON: BOGLEHEADS PODCASTS

MEDIOCRITY WINS: INVEST LIKE A BOGLEHEAD AND BE THE MARKET
by guyesmith
Thu Jul 12, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 21278

Re: COMING SOON: BOGLEHEADS PODCASTS

Rick:

Does this fit your needs for somewhat edgy and short?

ABOVE AVERAGE INVESTING: BOGLEHEADS INVESTING ADVICE INSPIRED BY JACK BOGLE
by guyesmith
Thu Jul 12, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 21278

Re: COMING SOON: BOGLEHEADS PODCASTS

The Bogleheads Way Podcast: Investing Advice Inspired by Jack Bogle Bogleheads Keep More Money Podcast Invest Every Penny Podcast: Boglehead Investing Advice Bogleheads Invest More Podcast Above Average Investing Podcast by Bogleheads for Bogleheads Rick: Two words is good for the main title, but yo...
by guyesmith
Tue Jul 03, 2018 2:20 pm
Forum: Personal Investments
Topic: Need Your Feedback on 100% VTSAX
Replies: 39
Views: 4898

Re: Need Your Feedback on 100% VTSAX

lostdog wrote:
Mon Jul 02, 2018 12:52 pm
All U.S. Equity is a bad idea. Here is why:

https://www.youtube.com/watch?v=LwTHLtuToSY
Good video
by guyesmith
Sun Jul 01, 2018 6:17 am
Forum: Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8990

Re: What % of your equity is int’l?

billthecat wrote:
Image
0%
by guyesmith
Sat Jun 30, 2018 8:24 pm
Forum: Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 13587

Re: Feel like I'm sinking money into international

I am with you on this, and have tilted towards US stocks for the past 5-6 years. This is personal preference but seems to have worked out for me thus far. However, I won't be surprised if the Int'l investing community has an "i told you so" moment in the near future :wink: FWIW, one of my favorite ...
by guyesmith
Thu Jun 28, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Buy used or new Honda Odyssey - specific example
Replies: 26
Views: 3033

Re: Buy used or new Honda Odyssey - specific example

We drive a 2011 Toyota Sienna 120,000 miles. Doing well right now. Tossed between that and the Honda Odyssey and mostly went Sienna for all wheel drive. Live in the north. If you will definitely own the van for 10 years or more I think the case can be made for the new one. We drive older cars, 2011 ...
by guyesmith
Thu Jun 28, 2018 12:22 pm
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 6261

Re: Keep calm and Boglehead on!

Head down, plow ahead. The stock market always goes up. But what if it doesn't? Past performance is not indicative of future results. What if we hit a multi-generation 'plateau', or worse, a historic bear market/recession? Food for thought :beer I think it is prudent to construct one’s retirement p...
by guyesmith
Thu Jun 28, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: How many months of living expenses would you keep in your bank.
Replies: 61
Views: 4418

Re: How many months of living expenses would you keep in your bank.

We run our living expenses checking account one month ahead (live on last months income). We have $1,000 in cash emergency savings in the safe. Might up that soon. Then the rest of our soon to be 6 month emergency savings in a Money Market Fund at Vanguard. 6 months is probably enough. Depends a lot...
by guyesmith
Thu Jun 28, 2018 8:23 am
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 6261

Re: Keep calm and Boglehead on!

So much anxiety when a person listens to the media and the president. It's amazing how much impact a president can have on short-term markets. If you're only investing in the Total US Market it can be scary because you hear the noise. If you're diversified across the world though your diversificatio...
by guyesmith
Thu Jun 28, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Keep calm and Boglehead on!
Replies: 60
Views: 6261

Re: Keep calm and Boglehead on!

Head down, plow ahead. The stock market always goes up.
by guyesmith
Wed Jun 27, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Opinion: Betterment Thinks We're Stupid
Replies: 17
Views: 4120

Re: Opinion: Betterment Thinks We're Stupid

Hmmm...Seems I'm a scrooge...lol
by guyesmith
Wed Jun 27, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Opinion: Betterment Thinks We're Stupid
Replies: 17
Views: 4120

Opinion: Betterment Thinks We're Stupid

Have you seen Betterment's new 'no-jargon' video? https://www.youtube.com/watch?v=A-9II-zBq1k They present this as a 'no-jargon' way to teach their customers or future customers how to invest. My interpretation is they're treating us like we're stupid and unable to comprehend investment terms. Perha...
by guyesmith
Wed Jun 27, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: 6 week minivan or SUV rental
Replies: 8
Views: 1133

Re: 6 week minivan or SUV rental

Toyota Sienna
by guyesmith
Sun Jun 24, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: (VTI) Dividend Reinvestment in the ETF
Replies: 5
Views: 1556

Re: (VTI) Dividend Reinvestment in the ETF

Is it better to not reinvest?
by guyesmith
Sun Jun 24, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3605

Re: Compliments for Vanguard?

Vanguard's privacy and security is excellent. They take it very seriously.
by guyesmith
Sun Jun 24, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Compliments for Vanguard?
Replies: 40
Views: 3605

Re: Compliments for Vanguard?

I’m a new Vanguard customer this year.

Everytime I call I’m amazed how fast I get to talk to an actual person! For a company this humongous the short wait times are impressive.

And the reps are very helpful and always friendly never short and uninterested and never try to sell me.
by guyesmith
Fri Jun 22, 2018 10:16 am
Forum: Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3443

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

1. Choose the allocation that best meets your goals and pay taxes when you make money/incur gains.

Or, if you don't like paying taxes, stop making money and apply for Social Security.
by guyesmith
Fri Jun 22, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1975

Re: What do you include in your grocery budget?

For people that say they split their categories, are you manually entering these from your receipts after each shopping trip? That seems like a lot of work. What do you do with that information that you couldn't do with the less granular visibility? YNAB allows me to enter transactions on my phone ...
by guyesmith
Fri Jun 22, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1975

Re: What do you include in your grocery budget?

We have a master category: FOOD Under it we have two subcategories: GROCERIES and RESTAURANTS We only include food for those categories. Food. Period. Food. If we shop at a store that sells more than food we enter it as a split transaction. So for example, if I bought milk, eggs, and toilet paper, I...
by guyesmith
Thu Jun 21, 2018 2:14 pm
Forum: Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 100
Views: 13587

Re: Feel like I'm sinking money into international

I don't fully understand your dilemma. You said you began investing 25% in 2013. Yes, the US beat INTL in 2013, 2014, 2015, 2016 and currently in 2018. But have you looked at your 2017 returns? VTSAX (Total US) returned 21.17% and VTIAX (Total Intl) returned 27.55%.
by guyesmith
Thu Jun 21, 2018 2:05 pm
Forum: Personal Investments
Topic: is Ed Jones always bad news?
Replies: 29
Views: 3730

Re: is Ed Jones always bad news?

Is Edward Jones always bad news? No. My brother uses Edward Jones and is very happy. He likes his CFP and he talks with him every year and as necessary to strategize. It's a good plan for him. He can say, "Hey, I have a goal to save for could you recommend a fund for me?" Most of the population is b...
by guyesmith
Thu Jun 21, 2018 10:18 am
Forum: Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3443

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

Make money. Pay taxes. Don't make money. Don't pay taxes.
by guyesmith
Wed Jun 20, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Road trip Pennsylvania,Maryland,and DC
Replies: 97
Views: 6151

Re: Road trip Pennsylvania,Maryland,and DC

There are lots of small pockets of Amish communities in PA. I live in Punxsutawney and we have Amish buggies passing through all the time. 1-1/2 hours northeast of Pittsburgh. This isn’t the Amish Country you’re dreaming of though - if you want tourism go to Lancaster.
by guyesmith
Wed Jun 20, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9870

Re: Which Supermarket are you?

Delete
by guyesmith
Tue Jun 19, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: General Electric booted from Dow Jones Industrial Average
Replies: 53
Views: 7324

Re: General Electric booted from Dow Jones Industrial Average

bob60014 wrote:
Tue Jun 19, 2018 8:04 pm
But Walgreens......?????
Walgreens is a big deal.
by guyesmith
Tue Jun 19, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 9870

Re: Which Supermarket are you?

1. Aldi
2. Walmart
3. Local Amish Scratch 'n Dent
4. Shop 'n Save

I would shop at Trader Joe's if I had one in my community.

Did you know? Trader Joe's and Aldi - Same German Family!