Search found 201 matches

by jakehefty17
Thu Jul 30, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Financing vs Investing
Replies: 8
Views: 534

Re: Financing vs Investing

I have a charge of $235.53 which Chase is giving me the option to pay over 3, 6 or 9 months with a fixed fee, no interest. If I do this, I plan to invest the difference into my brokerage account. The balance on my brokerage right now is ~$6.5k in VTSAX. For 3 months, the fee is 0.86%, paying $79.19...
by jakehefty17
Fri Jul 24, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Wow! Dare Not to Follow the Crowd
Replies: 69
Views: 11056

Re: Wow! Dare Not to Follow the Crowd

Overall questions: • Is a person’s ability for college choice and career success that dependent on attending a private boarding school? • If there are the same STEM courses at the local college as there are at many private boarding schools, is there much of a difference? • In your opinion, what det...
by jakehefty17
Thu Jun 18, 2020 12:16 pm
Forum: Personal Investments
Topic: International stock exposure...is up to 40% necessary?
Replies: 71
Views: 4882

Re: International stock exposure...is up to 40% necessary?

nedsaid wrote:
Tue Jun 16, 2020 9:04 am
Anywhere between 20% to 50% in stocks in International is just fine.
+1
by jakehefty17
Thu Jun 18, 2020 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10163

Re: Disappointed in Fidelity 2% Cash Back credit card

The terms of the cash back are clearly stated in the offer details. It's a person's responsibility to understand the terms prior to accepting them. I've been really happy with at, and I think for most people it's not a major hassle to open an account for the cashback. Very easy and convenient card f...
by jakehefty17
Wed Jun 17, 2020 5:43 am
Forum: Personal Investments
Topic: fidelity to merill edge
Replies: 10
Views: 859

Re: fidelity to merill edge

It's hard to tell you without knowing more details about what you are trading. If you're using mutual funds, I'd suggest Fidelity. Fidelity provides good quality, low-cost index funds without trading fees. Merrill Edge can't really compete because of the ~$20 mutual fund trading fee. There are NTF (...
by jakehefty17
Tue Jun 16, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Bank Recommendations
Replies: 23
Views: 1161

Re: Seeking Bank Recommendations

I plan to keep Ally as my Hub from here on, as all their rates are reliably competitive and they provide good customer service. What sorts of things have you needed to contact them with? I only contacted Alliant when i needed to a wire transfer for a car purchase, that was annoying because I was li...
by jakehefty17
Tue Jun 16, 2020 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Bank Recommendations
Replies: 23
Views: 1161

Re: Seeking Bank Recommendations

With Preferred Rewards the CC cash back is awesome, checks are free, and out of network ATMs are refunded. We also use BoA for our main credit cards due to their Preferred Rewards. I was not aware BoA refunds out of network ATM fees. We have no trouble finding in network ATMs in the US, but in Euro...
by jakehefty17
Tue Jun 16, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Bank Recommendations
Replies: 23
Views: 1161

Re: Seeking Bank Recommendations

Gee, no one has recommended BoA, I wonder why? We have used BoA for our checking and major credit cards since they took over the local branch of our previous regional bank about twenty years ago. They used to be a great, full-service bank. Unfortunately, in recent years they have reduced the scope ...
by jakehefty17
Tue Jun 16, 2020 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Seeking Bank Recommendations
Replies: 23
Views: 1161

Re: Seeking Bank Recommendations

Ally bank would fill those requirements along with providing competitive interest rates. Unlimited Allpoint ATM reimbursements, and $10 per statement cycle for any outside network ATM fees. Customer service 24-7 via phone. Fidelity cash management would provide a banking alternative that would fulfi...
by jakehefty17
Fri Jun 05, 2020 6:13 am
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9537

Re: Vanguard vs. Fidelity

Either is fine. Both brokerages offer industry leading low cost mutual funds for your Roth IRA. That's what really matters. Either is fine for an investor with your funds. Vanguard funds have higher minimum investments for somebody just starting out. I switched my Roth IRA to Fidelity from Vanguard ...
by jakehefty17
Thu Jun 04, 2020 3:07 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 59
Views: 3982

Re: New bogleheads induction

Sometimes new people don't know about the Wiki and sometimes we fail to send them there. A great practice is to give an answer and then link to the appropriate Wiki page for further information. That way we can give the newcomer an immediate "fish" and help them to "learn to fish". +1 I try to do t...
by jakehefty17
Thu Jun 04, 2020 7:28 am
Forum: Personal Investments
Topic: Does every one here only have 3 funds in their portfolios?
Replies: 131
Views: 8103

Re: Does every one here only have 3 funds in their portfolios?

I agree with this recommendation to anyone who is new to investing, wants to simplify a complicated portfolio, or doesn't want to monitor their accounts. There is nothing wrong with the 3 fund portfolio. However, not everyone will be content with the ultimate simplicity. The Bogleheads investment ph...
by jakehefty17
Thu May 21, 2020 5:04 am
Forum: Personal Investments
Topic: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call
Replies: 95
Views: 11859

Re: Moved all Retirement Plans to Cash Last Wed Based on Tepper's Call

I have read some variant of this thread many, many times, but here goes. I went all cash in my retirement plans (401a,403b,457b) based on Tepper's call last Wed, that the market is the most overvalued he's ever seen except in 1999. His arguments made a lot of sense (also the bearish sentiments of D...
by jakehefty17
Tue May 19, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How are we doing, should we change our direction?
Replies: 12
Views: 1067

Re: How are we doing, should we change our direction?

So, I have been searching around for some optimization.(brand new to this thread, 1st post) My wife and I (31 and 33) are doing ok, but a little bit behind in my opinion. I am looking to make up some ground so I am open for some opinions on how we can do a little better, or what direction at this p...
by jakehefty17
Tue May 19, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: How did you determine your target savings rate?
Replies: 109
Views: 4853

Re: How did you determine your target savings rate?

Hello all, I'm re-evaluating some thoughts about how much of my income I've been saving. I'm not going to claim I've been pinching pennies, but I definitely spend below the average of my peers, and I feel like my aversion to spending money may be affecting my quality of life. I never hire someone t...
by jakehefty17
Thu May 14, 2020 5:35 am
Forum: Personal Finance (Not Investing)
Topic: Subaru 0% financing
Replies: 35
Views: 3001

Re: Subaru 0% financing

Hi fellow BH, I am looking into buying a new 2020 Forester Limited. Invoice is $29062. Local dealers are listing it for about $29500 (destination fee included). The only additional would be doc fee of $400, tax, registration etc. I am ok to pay cash for it but Subaru is offering a 0% 63 month finan...
by jakehefty17
Fri Apr 24, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9884

Re: Best Covid19 resistant job

I'm a technician in power production, have been working 72 hour weeks throughout the crisis. Spring and Fall are nuclear power plant outage seasons. I've been doing these shifts for about 2 months. Only difference has been wearing masks, awkwardly distancing and avoiding contact with each other. Th...
by jakehefty17
Fri Apr 24, 2020 9:26 am
Forum: Personal Investments
Topic: If you were 30... Fidelity Role Play
Replies: 21
Views: 1783

Re: If you were 30... Fidelity Role Play

Put yourself in the shoes of a new 30yr old investor opening a Roth IRA at Fidelity. Which portfolio and options would you choose? I'm 28, have my Roth IRA at Fidelity. Here's what I use. I tilt slightly towards mid & small caps, no bonds as they're held elsewhere. 40% - Fidelity 500 Index Fund FXA...
by jakehefty17
Fri Apr 24, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9884

Re: Best Covid19 resistant job

I'm a technician in power production, have been working 72 hour weeks throughout the crisis. Spring and Fall are nuclear power plant outage seasons. I've been doing these shifts for about 2 months. Only difference has been wearing masks, awkwardly distancing and avoiding contact with each other. The...
by jakehefty17
Tue Apr 21, 2020 4:53 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16685

Re: What percentage of your paycheck do you invest?

My budget sheet tells me that 47.1% of my gross income is invested. Company contributes 6% pension and 3% 401k match. My personal gross contribution is 38.1%. After-Tax my personal contribution works out to 61.7% I calculate everything relating to my base salary. Overtime and travel pay are excluded...
by jakehefty17
Mon Apr 20, 2020 10:21 am
Forum: Personal Investments
Topic: Best Hub Bank
Replies: 31
Views: 3134

Re: Best Hub Bank

I'm also considering this question, I want to use an online hub bank for a checking & savings account. I'd keep this account for the long term. This combined with BoA/ME (credit cards/taxable account) and FIDO CMA (money market checking/Roth IRA) should cover all my bases. I also have an account wit...
by jakehefty17
Mon Apr 06, 2020 1:47 pm
Forum: Personal Investments
Topic: Vanguard Vs Fidelity Index funds
Replies: 29
Views: 1783

Re: Vanguard Vs Fidelity Index funds

Either is fine. I slightly prefer Fidelity for their app, CMA and 2% cashback credit card. I use them for my Roth IRA. I use Fidelity mutual funds that reflect the S&P 500, Extended Market, and ACWI ex US funds which is ideal for me. I prefer using these indexes vs vanguard's proprietary ones. If yo...
by jakehefty17
Mon Apr 06, 2020 11:52 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9729

Re: Why Do So Many Recommend 70% - 100% Stocks?

My behavioral concern with going overly conservative, especially for a young investor experiencing their first bull and responding to emotions, is that once the next bull kicks in, they get FOMO and then move to a higher equity allocation. Which leads to buying high and fewer gains. Learning emotio...
by jakehefty17
Mon Apr 06, 2020 10:07 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9729

Re: Why Do So Many Recommend 70% - 100% Stocks?

I didn't read all the posts, but I read enough to say this... you shouldn't be mad at people advising your age group to be aggressively allocated. You should be mad that people (in general) aren't educated/disciplined enough to HOLD their allocation through tough times. There's nothing wrong with pe...
by jakehefty17
Tue Mar 10, 2020 6:46 am
Forum: Personal Investments
Topic: Annual Roth IRA Investment Timing
Replies: 2
Views: 228

Annual Roth IRA Investment Timing

Hey Bogleheads, Every year I wait until tax time to make my Roth IRA investment for the previous year. I usually earn enough annually to be close to income limits, so I prefer to wait before making the investment. Just in case I'd be better off doing a traditional rollover. Yesterday I noticed the m...
by jakehefty17
Mon Feb 24, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Online bank recommendations
Replies: 32
Views: 2913

Re: Online bank recommendations

If you want to be a true Boglehead, you should drive a Subaru, invest at Vanguard (except for the $100,000 you keep at Merrill Edge so you can enjoy high Bank of America credit card rewards), and use Ally as your online bank. +1 It's funny how true this is. I drive a Subaru. I started out with Vang...
by jakehefty17
Tue Feb 04, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 7213

Re: who do you bank with and why?

Credit Union. If you're in a location serviced by Digital Credit Union, give them a try. I've been a member over 30 years. There aren't the fees and minimums I hear about from commercial banks. When something goes wrong, they are on my side and genuinely help. The few times over the years that I've...
by jakehefty17
Tue Feb 04, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 97
Views: 7213

Re: who do you bank with and why?

I use Schwab for checking. Free ATM withdrawals worldwide, 0 service fees, no foreign transaction fees, APY 0.15%. Quick and easy mobile deposits and transfers. Good app. Reimburse you for ATM withdrawals. Really convenient. Great for any international traveler. It was a great decision for what I wa...
by jakehefty17
Wed Jan 29, 2020 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check on home purchase
Replies: 13
Views: 1707

Re: Sanity check on home purchase

Plan is to reduce 401k to minimum for matching, and eliminate Roth IRA/529 for a few years to reduce principle so PITI is around $2000/mo. Then return to usual tax advantaged maxing. Plan to pay for kids college via 529 best effort and cash flow the difference. Wife has advanced degree and itching ...
by jakehefty17
Fri Jan 10, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 433
Views: 94321

Re: What age did you reach 100K networth?

I've been nearing this mark and your post made me think about it again. I started saving aggressively about 4.5 years ago when I got my current job. I hit over 100k in investments sometime last year, at 28 years old. I still owe 80k on my 105k house though... so technically not 100k net worth right?...
by jakehefty17
Mon Jan 06, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: When is 0.1% expense ratio too high?
Replies: 18
Views: 2238

Re: When is 0.1% expense ratio too high?

I have all my 401k in target retirement funds. The expense ratio is 0.1% on those. Is it worth to keep paying that? It depends on your investment options, and how much effort you're willing to put into investigating fund and allocation decisions. If not, how can I do it myself and how much time doe...
by jakehefty17
Fri Dec 13, 2019 12:24 pm
Forum: Personal Investments
Topic: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement
Replies: 13
Views: 849

Re: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement

Generally speaking, as long as you're not in an ultra-high tax bracket you should stick your bonds into pre-tax accounts. There are always exceptions... but this is what I'd recommend based on the information you provided. Can you point me to something that says ultra-high tax bracket folks should ...
by jakehefty17
Fri Dec 13, 2019 8:04 am
Forum: Personal Investments
Topic: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement
Replies: 13
Views: 849

Re: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement

Thanks for your replies! I've gone ahead and made a spreadsheet to crunch the numbers and would love a second opinion: [*] Please shoot holes in my approach: https://docs.google.com/spreadsheets/d/1NVk_5diNtm9o16HQ93QYf6r2s9DRYPNkYQIoTowJ9C0/edit?usp=sharing I conclude that bonds in taxable offers ...
by jakehefty17
Thu Dec 12, 2019 9:27 am
Forum: Personal Investments
Topic: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement
Replies: 13
Views: 849

Re: Young Newbie Investor - Tax-Efficiency - Bond Fund Placement

My general advice would be to place bonds in a pre-tax account, such as a 401k or traditional IRA. The idea being less growth in the long term makes less taxable gains in the future. Stocks & stock index ETFs are tax-efficient for your taxable account. They will generate gains but will be taxed favo...
by jakehefty17
Thu Nov 07, 2019 1:25 pm
Forum: Personal Investments
Topic: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash
Replies: 38
Views: 2796

Re: convincing someone of the wisdom of 'buy and hold' instead of selling in a market crash

my dad says it makes sense to buy when stocks are good and sell when stocks are bad. it's a terrible approach that means he's buying high and selling low. but one thing he says sort of makes possible sense. what if you knew that the market was going to go down so you sell? i think a lot of people d...
by jakehefty17
Thu Nov 07, 2019 10:20 am
Forum: Personal Investments
Topic: Am I on right track?
Replies: 16
Views: 749

Re: Am I on right track?

I'd pay off the credit card debt. Absolutely should be at the top of your list. You're doing well financially and seem very organized. Your current interest of 4.99% on the CC debt isn't bad, but it will eventually bite you if you don't get out from under it. For that reason, almost every response i...
by jakehefty17
Wed Oct 23, 2019 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for 2 mil+ in annual spending?
Replies: 60
Views: 7059

Re: Best credit card for 2 mil+ in annual spending?

Hello, Depends what you're looking for, the BoA Premium Rewards is the current best for straight unlimited cash back. Visa Signature with good benefits. Agree with the recommendations. Uber Visa is unlimited 4% back on dining with no annual fee. 3% on hotels/flights, 2% on select streaming services ...
by jakehefty17
Mon Oct 21, 2019 12:35 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 13145

Re: High income earner waiting for a bear market to start investing

Hello Antartic, Congratulations on your success! My advice is going to be straightforward. If you haven't, create a budget and include your investments in the budget plan . Make investing automatic. Then decide on an Investment Policy Statement and/or Asset Allocation to fit your needs. Follow Bogle...
by jakehefty17
Mon Oct 21, 2019 9:13 am
Forum: Personal Investments
Topic: Late 20s Checkup
Replies: 13
Views: 2459

Re: Late 20s Checkup

OP - Looks like you're doing just fine. Keep it up. - $59K Cash (will average into S&P 500 index fund with 1bp ER over the next year; currently 9.9% of total) - $59K BlackRock ACWI IMI Index Fund (~3bps ER; 9.9% of total) Where are you finding a 1bp ER index fund? And I'm seeing the ACWI IMI fund li...
by jakehefty17
Fri Oct 18, 2019 8:36 am
Forum: Personal Investments
Topic: To retire or not to retire,,,,
Replies: 19
Views: 3624

Re: To retire or not to retire,,,,

Welcome to Bogleheads! Unfortunately your posts don't provide enough information for anyone to provide informed guidance or suggestions. If you'd like some feedback on whether you are financially prepared for the early retirement you are considering, I'd recommend you read through the Wiki page on ...
by jakehefty17
Thu Oct 17, 2019 8:37 am
Forum: Personal Investments
Topic: I'm an indexer, but should I be buying my companies discounted stock?
Replies: 42
Views: 3505

Re: I'm an indexer, but should I be buying my companies discounted stock?

Sure, buy it at a discount and sell upon vesting. Consider it alongside your other taxable investments. +1 I do this with my employee stock purchase plan. They offer 10% off the lower price between the start of the quarter or the end of the quarter. I sell immediately for the 10% discount and pay t...
by jakehefty17
Sun Oct 06, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Questions - Credit Card Applications
Replies: 4
Views: 551

Re: Questions - Credit Card Applications

Looks like I should go for it. Thank you for the responses!
:beer
by jakehefty17
Sun Oct 06, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Questions - Credit Card Applications
Replies: 4
Views: 551

Questions - Credit Card Applications

I'd like to thank the forum for helping me choose the credit cards to best meet my needs going forward. I have a BoA cash rewards, which I've had since 2015. Last week I applied and was accepted for the Uber Visa. These are my only two credit cards. I'm 28 years old. There are still 2 cards I'd like...
by jakehefty17
Fri Oct 04, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to prioritize?
Replies: 13
Views: 1310

Re: How to prioritize?

<r><QUOTE author="FiveK" post_id="4778198" time="1570163455" user_id="52293"><s>[quote=FiveK post_id=4778198 time=1570163455 user_id=52293]</s> See <URL url="https://www.bogleheads.org/wiki/Prioritizing_investments"><s>[url=https://www.bogleheads.org/wiki/Prioritizing_investments]</s>Prioritizing in...
by jakehefty17
Mon Sep 30, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

Wow......is this the link? https://www.barclaycardus.com/apply/Landing.action?campaignId=2630&cellNumber=7 I spent several hours this week trying to find some way to apply other than via the uber app. I was convinced there was no other way, based on everything I read. After seeing your post, I sear...
by jakehefty17
Sun Sep 29, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

Update: After much trouble with trying to apply via the android app, I successfully applied via Barclay's website for the Uber Visa. Thankfully a reddit user posted a link to this application, I couldn't find it anywhere else. Anyway, I'll use it for Dining/Travel/Online expenses. Thanks very much t...
by jakehefty17
Fri Sep 27, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

If you want to save on Black Friday shopping you should consider one of the 5% category cards (Chase Freedom, Discover it, US Bank Cash +). Store cards aren't that useful, if you have something that gives you 5% everywhere during peak shopping season. I also recommend Citi DC over Fido, because 2% ...
by jakehefty17
Wed Sep 25, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

Thank you everyone for the replies it's been helpful and informative. Keep them coming if you wish.
by jakehefty17
Wed Sep 25, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

I'd like to carry 2-3 credit cards. I wouldn't mind keeping one or two at home for online shopping as long as there's no AF. Here is my recommended cashback setup for 3 cards. ETA: with no annual fee. Card 1: a Base 2% card- I like the Citi Double Cash because it gives you the option to trade cash ...
by jakehefty17
Wed Sep 25, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: New Credit Card Search - 2 Front Runners?
Replies: 46
Views: 9039

Re: New Credit Card Search - 2 Front Runners?

Uber VISA and Citi DoubleCash are also good all rounder cards with no AF. US Bank Uber Visa, 4% on restaurants and 3,2,1% on some other things that I'm too lazy to look up. Uber VISA looks like a powerful contender. 4% dining, 3% travel, 2% Online streaming/purchases, 1% everything else. Closer to ...