Search found 100 matches

by avoidingdumbmistakes
Mon Jun 11, 2018 7:40 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 20392

Re: Who uses the 3 fund portfolio ?

I'm have a slightly more complicated version of the 3 fund. Equities are mostly total US and International with additional tilts with small cap US and emerging markets. Fixed income is split between aggregate bond index, short/intermediate treasuries, and a high yield income fund. Overall I like the...
by avoidingdumbmistakes
Sun Jun 10, 2018 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Investing some of mom's money,
Replies: 31
Views: 2260

Re: Investing some of mom's money,

Regardless of investment strategy, now is the time to make sure the will/estate paperwork is all in line. I just lost my mom in April. My father passed 10 years ago. When he passed there was a solid strategy/plan in place with a trust for real estate and updated will, POA, and advanced medical direc...
by avoidingdumbmistakes
Fri Jun 01, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of going crazy...
Replies: 48
Views: 6509

Re: Talk me out of going crazy...

I think you are getting too meta. Opting for a subset of total market will not increase your diversification. Full stop. Whether it is your retirement account or your taxable account, as long as your assets are spread across entire markets you are well diversified. One thing I don’t like about tota...
by avoidingdumbmistakes
Wed May 30, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 19302

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

One of my daughters got scholarships to multiple out of state schools. She wasnt an elite student but got very good grades and tested well. The problem was that even the schools that gave her 15-20k/year were still over 40k/year to attend. The math didn't work for us. I had 2 in college at the same ...
by avoidingdumbmistakes
Tue May 29, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investing an Emergency Fund
Replies: 30
Views: 3078

Re: Investing an Emergency Fund

I've held an excessive emergency fund for over 3 years and I regret it. However, the reason I built such a large cash postion is becuase I lost my business in 2010 after the financial meltdown and ended up doing all sorts of bad things like accumulating debt and tapping retirement accounts. Once I g...
by avoidingdumbmistakes
Mon May 28, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Two fund portfolio- no bonds??
Replies: 22
Views: 2276

Re: Two fund portfolio- no bonds??

One thing to consider is to add a higher risk class of fixed income. I have a position in a PIMCO income fund called PIMIX and it been paying 5%+ even during the low rate period we've been in and as high as 10%+ in the last 10 years. The fund uses leverage and it's not a classic boglehead type of fu...
by avoidingdumbmistakes
Tue May 22, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 31
Views: 5466

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

If you want total security with no risk then you can just split it up with 4 different banks in savings accounts and all of it would be FDIC insured. The next safest thing would be investing in US treasuries. If you want your million dollars to grow and beat inflation then you have to take risk and ...
by avoidingdumbmistakes
Tue May 22, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio
Replies: 18
Views: 2166

Re: Schwab Intelligent Portfolio

I'm testing the SIP system with one of my smaller IRA accounts. I'm ok with the diversification. You can exclude up to 3 funds so I excluded 3 of the fundamental funds and was placed in the lower cost versions. I like that. Diversification is ok but I'm not a huge fan of the REIT holdings. I general...
by avoidingdumbmistakes
Tue May 22, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Transfer on Death Accounts
Replies: 28
Views: 2532

Re: Transfer on Death Accounts

I didn't want to say it, buy my 34 year old son is close to being that way, and am still considering a Trust similar to your choice. SMART !!! He wanted to go to college and TOLD me to sign here, and that's when I told him that college is a dialog, not a monologue. Well, he racked up BIG BUCKS coz ...
by avoidingdumbmistakes
Mon May 21, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pimco INCOME BOND FUND PONAX beating VWIAX Wellesley ~~ too good to be true?
Replies: 26
Views: 2316

Re: Pimco INCOME BOND FUND PONAX beating VWIAX Wellesley ~~ too good to be true?

I inherited an IRA that had PIMIX along with WAY too many other funds in general. I've reallocated efficiently but recently decided to keep PIMIX. Yes, it has a .53% ER and isn't a typical boglehead bond fund but the risk/return was fine for me. My mother held the position for 9 years and the annual...
by avoidingdumbmistakes
Sun May 20, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer on Death Accounts
Replies: 28
Views: 2532

Re: Transfer on Death Accounts

If the estate was over the taxable limit I would have had to gone through the entire process because everything would need to be valued and approved in court. Are you referring to your state estate tax as opposed to the federal estate tax? Yes, but thankfully my state now matches the federal exempt...
by avoidingdumbmistakes
Sun May 20, 2018 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 6093

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

Does Schwab have two similarly named offerings? The "Intelligent Portfolios" are $0 fee (https://intelligent.schwab.com/) and then "Intelligent Advisory" (https://www.schwab.com/public/schwab/investment_advice/intelligent_advisory) has a 0.28% AUM cap of $1.4M or so. Very similar names, but differe...
by avoidingdumbmistakes
Sun May 20, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 58
Views: 11346

Re: How long to hold 80/20 asset allocation

It doesn’t how much you have it matters how much you spend. Sure if you have $10M networth and are accustomed to a $100k/yr lifestyle go 100% stocks. But if you have $10M networth and want to live on $400k/yr being 100% stocks is putting you on a path to where you could go through an awful lot of m...
by avoidingdumbmistakes
Sun May 20, 2018 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory
Replies: 41
Views: 6093

Re: Vanguard Personal Advisory Services vs. Schwab Intelligent Advisory

I'm testing Schwab's intelligent portfolio with one of my tax advantaged accounts (relatively small account). I set it up as the most aggressive option so it's 94% stocks and 6% cash. I'm going to compare the returns to my self managed equity portfolio and see if there is a notable difference in ret...
by avoidingdumbmistakes
Sun May 20, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer on Death Accounts
Replies: 28
Views: 2532

Re: Transfer on Death Accounts

I have a will, but my investments are all TOD / POD, with a primary (child) and tertiary (Children) I have 3 children. The youngest is in her mid 20s, the others in their mid-late 30's, and they're designated as per their actions as I have observed over the past 10-20 yrs. My Will only contains my ...
by avoidingdumbmistakes
Sun May 20, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer on Death Accounts
Replies: 28
Views: 2532

Re: Transfer on Death Accounts

I didn't have to deal with any court paperwork becuase the estate was under the taxable amount. I don't think you would have had to deal with any court paperwork even if the estate was over the taxable amount. The only difference would have been filling out forms and filing them with the IRS to pay...
by avoidingdumbmistakes
Sun May 20, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: HSA account using later
Replies: 6
Views: 678

Re: HSA account using later

My wife and I use our HSA exclusively as a retirement vehicle however, we save all out of pocket receipts. You don't have to withdraw qualified expenses annually. You can do it in later years as long as you save receipts. We have no intention of taking money out of our HSA but if something comes up ...
by avoidingdumbmistakes
Sat May 19, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer on Death Accounts
Replies: 28
Views: 2532

Re: Transfer on Death Accounts

My mother recently passed after being sick for a long time. The only beneficiaries were me and my sister. We were listed as 50/50 beneficiaries (transfer on death) on her brokerage accounts and the assets transferred directly with no probate. I was also added as joint owner on her checking, savings,...
by avoidingdumbmistakes
Sat May 19, 2018 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Analysis (Rebalancing Inherited Accounts)
Replies: 4
Views: 421

Re: Portfolio Analysis (Rebalancing Inherited Accounts)

Duckie already gave excellent advice but I want to second the advice with the taxable account. I recently inherited a taxable account and the very first thing I did was sell everything inappropriate for my asset allocation. The stepped up basis is a great opportunity to quickly sell and not deal wit...
by avoidingdumbmistakes
Thu May 17, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: 7 years into whole life - cancel or keep?
Replies: 14
Views: 1399

Re: 7 years into whole life - cancel or keep?

If you have the discipline to invest just like you said...even in ugly markets...I would cancel immediately and put money into index funds (religiously and on schedule).

Do you even need life insurance? Kids/mortgage/wife?
by avoidingdumbmistakes
Thu May 17, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9572

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

I have around 50 or so silver dollars from the late 1800s. I really like having them because it makes me ponder who bought whisky or gambled in a saloon casino with them. I had an appraiser look at them to make sure I didn't have a morgan or something worth a fortune. Of course nothing exciting was ...
by avoidingdumbmistakes
Wed May 16, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 3408

Re: Fellow non-529ers

I didn't fund 529s for my first 2 in college and I deeply regret it. I bootstrapped it and survived but it wasn't fun. I have half of the estimated in-state tuition in 529s for my next 2. I agree with others about being careful about over funding. I'm not 100% sure that both of my young teens are go...
by avoidingdumbmistakes
Wed May 16, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9572

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

My policy was always to buy whenever I had spare money available to buy. Absolutely. Nobody likes short term steep drops. I'm used to them but I don't crack champagne when I lose 10%+ over a relatively short period of time. But I always revert back to the same thought... "will markets be higher tha...
by avoidingdumbmistakes
Wed May 16, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9572

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

[ Please read this: "What if you only invested at market peaks?" The answer is: you would make a ton of money, in spite of investing at stock market peaks. Trying to time the stock market is a fool's errand. No one can successfully do that consistently. Besides guessing when the stock market top ha...
by avoidingdumbmistakes
Tue May 15, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Having trouble deciding what to do with my fixed income allocation
Replies: 2
Views: 763

Re: Having trouble deciding what to do with my fixed income allocation

Nobody can predict the future, so your quest to tune up the bond side with "better options" is something that you cannot really fulfill. Once you realize that it won't really matter, then you can do anything you want to. About the only thing you can do is use low-expense-ratio, passively-managed in...
by avoidingdumbmistakes
Tue May 15, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Having trouble deciding what to do with my fixed income allocation
Replies: 2
Views: 763

Having trouble deciding what to do with my fixed income allocation

I've been very busy lately reallocating an inherited ira, rebalancing a taxable account, and rolling over tIRAs to Schwab. The inherited IRA was managed by Schwab Private Client and literally had over 40 positions in it with 65% bonds/fixed income. My target allocation is 70/30 so it's been a bit of...
by avoidingdumbmistakes
Sun May 13, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Three fund portfolio performance
Replies: 31
Views: 5583

Re: Three fund portfolio performance

Something isn't adding up. What 3 funds do you have and what % of your AA in each?
by avoidingdumbmistakes
Sat May 12, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 4632

Re: Is Whole Life Insurance Worth It?

Having a good term policy with wife and kids is very important unless you already have a big egg to take care of things. Other than term or employer paid policies, I don't see much value in whole or universal. I have 3 term policies that expire at different times. My first policy expires next year w...
by avoidingdumbmistakes
Thu May 10, 2018 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Options
Replies: 20
Views: 1786

Re: Investing Options

Gumball machines aren't really passive. You have to deal with money collection, restocking, maintenance, vandalism, placement etc. A part of each week will be dedicated to the above tasks. And vending is very competitive. The good high traffic spots are mostly all taken so you have to buy an existin...
by avoidingdumbmistakes
Thu May 10, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 2071

Re: Investment Advice from Pension Fund Manager - Should I listen?

Good points. I wanted to clarify he suggested ONLY SELLING THE GAINS and not getting completely out. You guys are definitely talking me down from the ledge even though I am 30yrs out from retiring. Ah, that's a much different scenario. I would consider taking profits from my taxable account if it l...
by avoidingdumbmistakes
Thu May 10, 2018 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice from Pension Fund Manager - Should I listen?
Replies: 39
Views: 2071

Re: Investment Advice from Pension Fund Manager - Should I listen?

Your next steps depend on your age and risk tolerance. I will say his advice seems a bit too "all or nothing". A more moderate approach is probably better. I was going to say the exact same thing. Completely exiting the equity market is very risky on the growth side. Something I would never do even...
by avoidingdumbmistakes
Thu May 10, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Index funds model
Replies: 18
Views: 2203

Re: Edward Jones to Index funds model

Schwab has a very nice lineup low cost funds and etfs and they cover all the usual tilts if you want go that way. My US ETFs are .03-.04. International broad market is .06 and niche like international emerging markets is .13 Funds are around the same costs. Of course cost isn't the only reason to ch...
by avoidingdumbmistakes
Wed May 09, 2018 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Question on safety of ETFs
Replies: 32
Views: 2452

Re: Question on safety of ETFs

My taxable account is all etfs and my advantaged accounts are mutuals. I don't have any temptation to actively trade in my taxable account and don't feel any extra risk holding etfs. It all feels the same. All my etfs are bread and butter schwab stuff like schb, schf, sche, etc. Bid/ask is always ti...
by avoidingdumbmistakes
Tue May 08, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3923

Re: When did you start drawing profits from taxable?

Great responses so far, and they all run the spectrum for sure. I guess what I am struggling with is the idea of investing in taxable for the future. I sort of view that account as helping to build passive income eventually, but the only time I took out cash was to refinance to a lower rate and red...
by avoidingdumbmistakes
Mon May 07, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Young investor, any advice?
Replies: 9
Views: 1023

Re: Young investor, any advice?

Good start. Once you roll the other 2 accounts out of EJ you can just balance everything for your preferred asset allocation. 5% bonds is fine for your age but be prepared to not doing anything reactive if stocks take a big hit. I would knock the car loan out as soon as possible but I'm sure you've ...
by avoidingdumbmistakes
Mon May 07, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need general advice on reallocating an inherited IRA
Replies: 2
Views: 324

Re: Need general advice on reallocating an inherited IRA

Thank you, MnD. There aren't any funds that interest me to be honest except 2 vanguard bond funds. And yes...you are exactly right about why so many postions. After my dad passed in 08 (he was self directed), mom switched to Schwab private client services ( my dad's instructions) and they sliced and...
by avoidingdumbmistakes
Mon May 07, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: When did you start drawing profits from taxable?
Replies: 48
Views: 3923

Re: When did you start drawing profits from taxable?

For my primary one, only when I need to and I try very hard to avoid needing to. Even though the taxable account is liquid, I don't treat it like a liquid asset. I have a play account that I tinker around with occasional swing trades and individual stocks. I do use that money (when I get lucky. lol)...
by avoidingdumbmistakes
Mon May 07, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Buying new car or buying used car
Replies: 91
Views: 6232

Re: Buying new car or buying used car

Great points and counterpoints in this thread. Both can be right or wrong depending on many factors like holding period, yearly mileage, ability to do your own maintenance etc. When my driving years started in the 80's, any car with 100k on the clock was a used and abused machine with little value. ...
by avoidingdumbmistakes
Mon May 07, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Need general advice on reallocating an inherited IRA
Replies: 2
Views: 324

Need general advice on reallocating an inherited IRA

I inherited an IRA from my mom about a month ago. I've already figured out my IPS for my entire portfolio so I'm good there. However, there are approx 25 positions in the inherited IRA. I have already sold some equity positions and set the foundation for my fund buckets going forward by purchasing U...
by avoidingdumbmistakes
Sun May 06, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Taxable Account Advice
Replies: 10
Views: 1307

Re: Schwab Taxable Account Advice

Personally, I have ETFs in my taxable and mutuals in my tax advantaged. Since your balance is low with the funds, now would be a better time to make the switch than later if you are really leaning that way although it's not that big of a deal either way. There's nothing wrong with keeping your curre...
by avoidingdumbmistakes
Sun May 06, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fund/Funds for retired person who doesnt rely on the money
Replies: 12
Views: 823

Re: Fund/Funds for retired person who doesnt rely on the money

My mother recently passed but during the 10 years between her passing and my father's, my mom asked me every single year if I thought her allocation was appropriate. She was 65% bonds/fi/cash and 35% equities for the last 10 years. I always asked her the same question: "How would you feel if more th...
by avoidingdumbmistakes
Sun May 06, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Start 529 Plan?
Replies: 45
Views: 2472

Re: Start 529 Plan?

I have about half the estimated instate undergrad degree cost saved in 529s for my 2 thirteen year olds. I treat the 529 completely separate from my other assets. I get a state tax benefit spread over the next 10 years unless I move. 529 growth is tax free if used for qualified expenses. Even if the...
by avoidingdumbmistakes
Thu May 03, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Another payoff Loan or Invest question
Replies: 22
Views: 1498

Re: Another payoff Loan or Invest question

I think the assumption is you currently have $0 dedicated EF. some would say 6-12 months of expenses is "better"; I have 40kish in cash savings (I don't call it EF though that is part of its purpose) I keep a fairly substantial EF but it's more than an EF for me. It's also an opportunity fund becau...
by avoidingdumbmistakes
Thu May 03, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 72
Views: 10130

Re: Starting to smell like buying season?

Is it really possible to know? No, it never is. ;) Analysts are pretty divided with some saying another run for the S&P to close out the year close to 3k and others saying fasten your seatbelts. Right now the S&P is trying to break below its 200 day moving average. There have been a couple attempts...
by avoidingdumbmistakes
Thu May 03, 2018 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Better Inflation Protection: Vanguard REIT, TIAA Real Estate or Schwab Fundamental Global REIT?
Replies: 10
Views: 1130

Re: Better Inflation Protection: Vanguard REIT, TIAA Real Estate or Schwab Fundamental Global REIT?

I've never thought about REITs as an inflation hedge. I suppose there can be a correlation but they are definitely more at risk for market fluctuations versus TIPS and such. A couple reasons why I don't care for REITs much for long term investing is technology is cutting into demand for both traditi...
by avoidingdumbmistakes
Wed May 02, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Life Insurance
Replies: 12
Views: 1057

Re: Life Insurance

I have a 500k tern policy for 11 more years at which time my youngest kids will be 25 but don't plan in getting another policy because our assets are good enough to cover everything and then some. Yes, the proceeds will go into a taxable account but what you do from there determines how much you wil...
by avoidingdumbmistakes
Wed May 02, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: First investment, give me advice
Replies: 6
Views: 673

Re: First investment, give me advice

I wish I thought like you when I was 26. Lol. I did save some for retirement but being completely honest...as my income rose during my 20s I found a lot of ways to make sure I spent it. I also had a taxable account that I did well with with but spent that too. I got very serious when I hit 30 though...
by avoidingdumbmistakes
Wed May 02, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4968

Re: How are you widow-proofing?

My wife is smart but she doesn't enjoy the technical side of investments. If I go first then she's going to flip our accounts to Schwab intelligent portfolio and let the robot work its algorithm. We also set up a trust with directives so if we both go before any of our kids hit 30 then schwab will m...
by avoidingdumbmistakes
Wed May 02, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: How and when to save for real estate
Replies: 12
Views: 1617

Re: How and when to save for real estate

Thanks any suggestions of books or good blogs? biggerpockets is a great forum for RE investing. I will say that if you plan on buying an investment property, using leverage is the absolute way to go. A 25-30% down payment will get you in with a good rate fixed mortgage. Tying up a bunch of your sav...
by avoidingdumbmistakes
Tue May 01, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio. Please Help me to select Funds.
Replies: 18
Views: 1741

Re: New Investor Portfolio. Please Help me to select Funds.

You're off to a very good start. 90/10 sounds great until we hit a correction or bear. We're in a late stage bull run/economic growth cycle. Be prepared for a pullback. When and how much is anyone's guess but it's coming eventually. 80/20 or 75/25 will soften the blow a good bit. If you can 100% sto...