Search found 133 matches

by lifeisinmirrors
Fri Dec 11, 2020 9:14 am
Forum: Investing - Theory, News & General
Topic: VMVFX Vanguard Global Minimum Volatility Fund
Replies: 15
Views: 1469

Re: VMVFX Vanguard Global Minimum Volatility Fund

Implicit in the fund's strategy is that in a correction, low beta stocks would outperform. But high beta stocks outperformed in the March correction, and also in the subsequent recovery. I looked at this fund numerous times in the last few years and am glad I didn't buy it.
by lifeisinmirrors
Sun Dec 06, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Commuting after COVID
Replies: 133
Views: 8257

Re: Commuting after COVID

If people were originally hired to work in an office, I don't see why they find it unreasonable for the company to expect them to return to the office after the pandemic is over. Probably because there will be many more options of other employers who do not demand employees being in the office. Pri...
by lifeisinmirrors
Sat Dec 05, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Commuting after COVID
Replies: 133
Views: 8257

Re: Commuting after COVID

If people were originally hired to work in an office, I don't see why they find it unreasonable for the company to expect them to return to the office after the pandemic is over. Everybody complaining about their commute either got a job knowing how far it is from home, or got a home knowing how far...
by lifeisinmirrors
Thu Dec 03, 2020 3:06 pm
Forum: Investing - Theory, News & General
Topic: When did the Markets become Efficient?
Replies: 8
Views: 556

Re: When did the Markets become Efficient?

Warren Buffett has commented on this topic often. To paraphrase, his opinion is that it's gotten increasingly difficult to find companies trading below their actual value. Early in his career he bought some companies at really low valuations, like they had no growth but were trading at two or three ...
by lifeisinmirrors
Mon Nov 30, 2020 6:52 pm
Forum: Investing - Theory, News & General
Topic: New Vanguard Brokerage fees starting in January 2021
Replies: 19
Views: 5067

Re: New Vanguard Brokerage fees starting in January 2021

Somewhat confused by this paragraph: Master limited partnerships (MLPs) in an IRA. Vanguard Fiduciary Trust Company (VFTC), the custodian for IRAs held at Vanguard Brokerage Services (VBS), is responsible for IRS Form 990-T tax filings for MLPs. VFTC will begin charging a $300 fee per account for t...
by lifeisinmirrors
Thu Nov 05, 2020 12:13 am
Forum: Investing - Theory, News & General
Topic: Stacker ETF's: 3x upside/1x downside via options
Replies: 41
Views: 2787

Re: Stacker ETF's: 3x upside/1x downside via options

I really doubt there's much demand for this fund. No one has ever said to me that they would like to cap the potential gain of their stock portfolio without decreasing their potential losses.

Incidentally, I'm pretty sure they actually purchased a $269 call option on SPY, not $2.69.
by lifeisinmirrors
Sat Oct 17, 2020 3:32 pm
Forum: Personal Investments
Topic: Vanguard ETF 3-fund Portfolio through Schwab
Replies: 26
Views: 1746

Re: Vanguard ETF 3-fund Portfolio through Schwab

In my opinion, the OP has a solid plan and good reasons for it. Any given portfolio of Vanguard ETFs will perform exactly the same, assuming one chooses a reputable zero-fee brokerage house. Personally I choose the big brokers because on the miniscule chance that anything did go wrong which resulted...
by lifeisinmirrors
Sat Oct 17, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: What happened to Fidelity Real Estate Index fund?
Replies: 29
Views: 3902

Re: What happened to Fidelity Real Estate Index fund?

In my opinion, the REIT tax structure is a bizarre thing to index. Companies in the real estate industry choose whether or not to operate with this tax structure based on the best advice of their tax and managerial accountants. A REIT index fund essentially substitutes its own judgment that every co...
by lifeisinmirrors
Tue Oct 13, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Starter Home vs. Forever Home
Replies: 60
Views: 5545

Re: Starter Home vs. Forever Home

"Starter home" is just a marketing term designed to bring more business to the Realtor in a few years. Kids aren't harmed by growing up in a 1200 square foot post-war home, or by attending a non-bougie high school. They are harmed by a lack of time with their parents, or by growing up with...
by lifeisinmirrors
Wed Oct 07, 2020 7:44 am
Forum: Investing - Theory, News & General
Topic: “Asset Mix” at Vanguard
Replies: 9
Views: 755

Re: “Asset Mix” at Vanguard

Unfortunately I've found Portfolio Watch to be inaccurate for years. It classifies the entire stock portion of Wellesley Income as U.S. stocks, which is not the case. I don't hold Wellington anymore, but it used to make the same error for Wellington as well.
by lifeisinmirrors
Tue Sep 29, 2020 3:32 pm
Forum: Investing - Theory, News & General
Topic: Why is Global Wellington not popular here?
Replies: 12
Views: 1513

Re: Why is Global Wellington not popular here?

The regular Wellington fund already is allowed to hold international stocks, which make up about 1/5 of its stock holdings. I don't see any need for more than that.
by lifeisinmirrors
Fri Sep 25, 2020 8:11 pm
Forum: Personal Investments
Topic: Vanguard ESG corporate bond ETF (VCEB)
Replies: 9
Views: 895

Re: Vanguard ESG corporate bond ETF (VCEB)

I think ESG is basically just a marketing term. I don't think it makes a lot of sense to outsource my ethics to Vanguard (who seems to outsource their own ethics to a Bloomberg index). I also don't see any reason to choose a corporate bond fund instead of a total bond market fund.
by lifeisinmirrors
Sat Sep 12, 2020 2:33 am
Forum: Personal Investments
Topic: Fidelity Bitcoin Index Fund
Replies: 71
Views: 8079

Re: Fidelity Bitcoin Index Fund

I think Bitcoins are lost or stolen so frequently that they're not really suitable as a long-term investment. This has happened to plenty of people or companies that are a lot more sophisticated than I am in this area.
by lifeisinmirrors
Fri Sep 11, 2020 2:01 pm
Forum: Investing - Theory, News & General
Topic: Too much S&P 500 index concentration in FAAMGs?
Replies: 67
Views: 4315

Re: Too much S&P 500 index concentration in FAAMGs?

Only Apple, Microsoft, and Apple are more than roughly 2% of the index. If one of those companies went out of business tomorrow, there is still demand for their product categories. There would be a short-term hit to the market, but other companies would fill that demand over time and see their perfo...
by lifeisinmirrors
Thu Sep 10, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Target Retirement Funds--Why So Stock Heavy?
Replies: 44
Views: 2914

Re: Vanguard Target Retirement Funds--Why So Stock Heavy?

My memory is that many companies increased the stock allocations in their target date funds between 7-10 years ago to juice their returns. Vanguard followed suit so their returns would be competitive. I have 20% more bonds than the Vanguard target date fund for my age, but I think the target date fu...
by lifeisinmirrors
Sat Sep 05, 2020 12:48 pm
Forum: Investing - Theory, News & General
Topic: How do you *say* "ERISA"
Replies: 37
Views: 2260

Re: How do you *say* "ERISA"

ResearchMed wrote: Fri Sep 04, 2020 11:08 pm Yup, I've said "er" like stalling (er, um) and then "iss uh", emphasis on second syllable.

No one ever misunderstood what I was referring to, so that must be at least okay.

RM
I had a professor who wrote a book on ERISA, and he pronounced it that way in class.
by lifeisinmirrors
Sat Sep 05, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on condos?
Replies: 65
Views: 6044

Re: Thoughts on condos?

If you do choose a condo make sure you spend some time reviewing their association meeting notes before you buy. You can learn a lot about how they run their condo by those notes. Agree, and the financial statements too. If they're spending more than they're taking in, HOA dues are about to go up.
by lifeisinmirrors
Fri Sep 04, 2020 1:48 pm
Forum: Personal Investments
Topic: leveraged inverse FAANG ETF as a hedge?
Replies: 19
Views: 1438

Re: leveraged inverse FAANG ETF as a hedge?

An inverse fund shouldn't be a long-term holding unless the expected return of stocks is negative. If you want less money in tech, consider Vanguard Minimum Volatility or Vanguard Utilities Index.
by lifeisinmirrors
Sat Jul 18, 2020 10:28 am
Forum: Personal Investments
Topic: I don’t fully understand my 401k investment options
Replies: 16
Views: 1112

Re: I don’t fully understand my 401k investment options

These are probably the worst choices I've seen in a 401(k). Since you have a relationship where the employer would listen, I would definitely bring it up. I think the expenses are high enough to at least make it questionable whether the employer has fulfilled its fiduciary duty. Certainly I wouldn't...
by lifeisinmirrors
Fri Jul 10, 2020 12:22 am
Forum: Personal Investments
Topic: Fidelity Tax Managed Index Equity Fund
Replies: 5
Views: 779

Re: Fidelity Tax Managed Index Equity Fund

An S&P 500 index fund is already so tax-efficient that there's no benefit to this strategy. I looked up information on Vanguard's site on pre- and post-tax returns of VFIAX (Vanguard 500 Index Fund). Since 2000, the returns before taxes are only 42 basis points higher than the returns after taxe...
by lifeisinmirrors
Mon Jul 06, 2020 10:48 pm
Forum: Personal Investments
Topic: 401 K rollover from Fidelity to Vanguard or Schwab? Looking for advice!
Replies: 19
Views: 1212

Re: 401 K rollover from Fidelity to Vanguard or Schwab? Looking for advice!

You can move the Fidelity 401(k) into a Fidelity IRA online. Once it's in a Fidelity IRA, another broker can pull the money using the ACATS system (no paper check needed). In the last few weeks I moved money from a former employer's Fidelity 401(k) to my Vanguard Roth IRA. It took 3 transfers, all i...
by lifeisinmirrors
Sun Mar 29, 2020 9:53 pm
Forum: Personal Investments
Topic: Is it possible to put more than $7000/year in IRAs? Info found, no more responses by OP
Replies: 47
Views: 4407

Re: Is it possible to put more than $7000/year in IRAs?

The CPA is wrong, but I would think if he's done years of good work, I might not fire him over one mistake.
by lifeisinmirrors
Tue Mar 17, 2020 5:07 am
Forum: Personal Finance (Not Investing)
Topic: My Brother-in-Law is out of his mind.
Replies: 10
Views: 2198

Re: My Brother-in-Law is out of his mind.

If they really made those moves, I'd say that has worked out well and his broker earned the high fees.

100% stocks also isn't crazy for someone with $10 million. They could afford to lose half of it and still be wealthy.
by lifeisinmirrors
Mon Mar 16, 2020 2:12 am
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9903

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

So much uncertainty has been introduced that it seems rational for the market to be down as much as it is. In terms of its effects on everyday life, the impact of coronavirus is already greater than I saw during the global financial crisis. I don't know how long the economy can keep going with ever...
by lifeisinmirrors
Mon Mar 16, 2020 2:08 am
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9903

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

So much uncertainty has been introduced that it seems rational for the market to be down as much as it is. In terms of its effects on everyday life, the impact of coronavirus is already greater than I saw during the global financial crisis. I don't know how long the economy can keep going with ever...
by lifeisinmirrors
Sun Mar 15, 2020 9:50 pm
Forum: Investing - Theory, News & General
Topic: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]
Replies: 117
Views: 9903

Re: Is there a single person on here that thinks Coronavirus is going to have a material impact on [earnings]

So much uncertainty has been introduced that it seems rational for the market to be down as much as it is. In terms of its effects on everyday life, the impact of coronavirus is already greater than I saw during the global financial crisis. I don't know how long the economy can keep going with every...
by lifeisinmirrors
Sun Mar 15, 2020 4:55 pm
Forum: Personal Investments
Topic: wellesley
Replies: 8
Views: 1294

Re: wellesley

You would have to define good, but the general sentiment here is that Wellesley is a good fund. What is your objective in buying the fund? Wellesley could be a very bad investment if not suited to your purpose. I am 80 a widow and in good health. I made a mistake and wasn't thinking about taxes whe...
by lifeisinmirrors
Sun Mar 15, 2020 4:48 pm
Forum: Personal Investments
Topic: Buying the dip: What will you (have you) pick(ed) up?
Replies: 32
Views: 2587

Re: Buying the dip: What will you (have you) pick(ed) up?

There is some uninvested cash in my underperforming (I assume due to un-investing) Roth Ira. I am looking at Delta, ATT & Paychex. At this point I only want to buy dividend paying stocks. Trying to earn enough in dividends so that I won't have to touch the principal right off when I hopefully r...
by lifeisinmirrors
Wed Mar 11, 2020 4:46 am
Forum: Personal Investments
Topic: Restarting investments at 43, how do I proceed?
Replies: 8
Views: 1242

Re: Restarting investments at 43, how do I proceed?

lakpr wrote: Tue Mar 10, 2020 4:14 pm $73k gross income - $24.8k standard deduction - $10k IRA contributions = $38.2 taxable income, so you would qualify.
With those medical expenses, they should itemize deductions. Adding in the state and local taxes, they probably can make Roth contributions and still get the saver's credit.
by lifeisinmirrors
Wed Feb 26, 2020 6:31 am
Forum: Personal Investments
Topic: 38 yr old having 2nd thoughts...
Replies: 93
Views: 10961

Re: 38 yr old having 2nd thoughts...

In your post two weeks ago you said: "AA 75/25 I tried the 100% equity thing but i couldn't sleep at nights. 75/25 seems like my comfort zone" At that time you were considering a 50/50 allocation, now you are considering 100/0. Making frequent changes to your asset allocation will not serv...
by lifeisinmirrors
Mon Feb 17, 2020 3:15 am
Forum: Personal Investments
Topic: Single stocks... would you?
Replies: 125
Views: 9431

Re: Single stocks... would you?

Any company could perform poorly. Microsoft is probably the safest of the three, judging by its AAA cresit earing.
by lifeisinmirrors
Thu Feb 13, 2020 6:03 am
Forum: Personal Investments
Topic: 401k options -- give your recommendation
Replies: 12
Views: 836

Re: 401k options -- give your recommendation

The OP is 24 years old, and deferring only $6k to $7k per year. Even at 15% bonds, that is just $1k per year. That is going to make a big difference vs 100% stocks??? Fair enough, if the OP wanted to hold 100% stocks, that's a defensible decision. But they should determine the asset allocation firs...
by lifeisinmirrors
Wed Feb 12, 2020 6:03 am
Forum: Personal Investments
Topic: 401k options -- give your recommendation
Replies: 12
Views: 836

Re: 401k options -- give your recommendation

The 401(k) bond choices aren't great, but that's a poor reason to hold 100% stocks. I would much rather recommend holding bonds in a Roth IRA than recommend being 100% in stocks.
by lifeisinmirrors
Wed Feb 12, 2020 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4888

Re: Benefits of paying cash for a house

It sounds like a mortgage would just get you more house than you need. There will be various things you need to or want to buy for the house, and the lack of a mortgage gives you enough cash flow for that. I think there's more flexibility in not having a mortgage payment, but still having equity to ...
by lifeisinmirrors
Fri Feb 07, 2020 7:56 pm
Forum: Personal Investments
Topic: Is it worthwhile to contribute to 401k without match
Replies: 29
Views: 3174

Re: Is it worthwhile to contribute to 401k without match

Unless the expense ratios are all over 1%, I would contribute the maximum to the 401(k) because tax deferral is a great benefit.
by lifeisinmirrors
Fri Feb 07, 2020 7:51 pm
Forum: Personal Investments
Topic: Bond funds in 70/30 portfolio
Replies: 12
Views: 1116

Re: Bond funds in 70/30 portfolio

100% FXNAX (Fidelity U.S. Bond Index Fund) in my 75/25 portfolio.
by lifeisinmirrors
Sun Feb 02, 2020 5:56 pm
Forum: Personal Investments
Topic: 401(k) Bond Fund choices: Right option and why?
Replies: 2
Views: 360

Re: 401(k) Bond Fund choices: Right option and why?

I'm in that situation, I have 100% in FXNAX (Fidelity U.S. Bond Index) through the Brokerage Link option. I think the Pimco funds have a lot more risk/leverage and only a slightly higher return, along with being somewhat correlated to stocks. Bonds are in the portfolio for safety and lack of correla...
by lifeisinmirrors
Wed Jan 29, 2020 5:56 pm
Forum: Personal Investments
Topic: Safe Equity fund for Trad IRA
Replies: 18
Views: 1029

Re: Safe Equity fund for Trad IRA

VWINX, has 2/3 intermediate term bonds and 1/3 large cap value stocks.
by lifeisinmirrors
Fri Jan 24, 2020 9:04 am
Forum: Personal Investments
Topic: Increasing Contribution to 401k: go with Traditional or Roth
Replies: 47
Views: 2570

Re: Increasing Contribution to 401k: go with Traditional or Roth

Traditional. If you plan to retire at 60, you could convert to Roth between retirement and starting to collect Social Security.
by lifeisinmirrors
Fri Jan 24, 2020 5:13 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of spending my tax refund
Replies: 74
Views: 5480

Re: Talk me out of spending my tax refund

Getting a $600 refund is good tax planning. I don't know why people are upset about losing at most $10 that you could have earned in interest. There's interest and then there's the market. The markets went up 30% last year. Yes but very few people can have tax planning that is so perfect that they ...
by lifeisinmirrors
Thu Jan 23, 2020 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of spending my tax refund
Replies: 74
Views: 5480

Re: Talk me out of spending my tax refund

Getting a $600 refund is good tax planning. I don't know why people are upset about losing at most $10 that you could have earned in interest.
by lifeisinmirrors
Thu Jan 23, 2020 7:08 am
Forum: Personal Investments
Topic: Poor Bond Choices in 401K
Replies: 17
Views: 1093

Re: Poor Bond Choices in 401K

If your portfolio is 60% stocks or more, I think intermediate term treasuries are a great choice for your entire bond allocation.
by lifeisinmirrors
Thu Jan 23, 2020 7:03 am
Forum: Personal Investments
Topic: All into VITAX?
Replies: 14
Views: 2013

Re: All into VITAX?

Look at how technology stocks did from 2000-2002. That's why nobody should be entirely invested in one sector.

That fund also has 35% of its holdings in two companies, it is even more concentrated than QQQ.
by lifeisinmirrors
Sat Jan 18, 2020 11:39 am
Forum: Personal Investments
Topic: Why are Vanguard Target Retirement dates tilted toward equities?
Replies: 22
Views: 1608

Re: Why are Vanguard Target Retirement dates tilted toward equities?

Most companies increased the stock allocations in their target date funds to get better returns and attract more assets. I happen to agree they're a bit too heavy in stocks. If you choose VTTHX, Target Date 2035, you'll have 76% stocks which may be more to your liking.
by lifeisinmirrors
Thu Jan 16, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: S&P 2/3 'correction' - Hussman makes his case.
Replies: 58
Views: 6170

Re: S&P 2/3 'correction' - Hussman makes his case.

What's hilarious about this guy, he made a big "admission" in 2017 that his models were quite wrong from 2010 and onward regarding impact of QE, etc.... and they were making serious adjustments to his fund. He's managed to lose another 25%+ or so since then, it looks like. So much for the...
by lifeisinmirrors
Thu Jan 16, 2020 7:09 am
Forum: Personal Investments
Topic: Should I sell this high expense/high LTCG fund?
Replies: 5
Views: 525

Re: Should I sell this high expense/high LTCG fund?

I'd sell it. The fund has done well while you held it, but it replaced its longtime manager pretty recently.
by lifeisinmirrors
Thu Jan 16, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Accidentally contributed to Roth IRA in 2014 while over the income limit
Replies: 16
Views: 2024

Re: Accidentally contributed to Roth IRA in 2014 while over the income limit

Assuming you filed your 2014 taxes by the April 2015 deadline, the statute of limitations for the IRS to audit you expired in April 2018. (This is extended in some situations, but not for a minor error like yours).
by lifeisinmirrors
Thu Jan 16, 2020 6:50 am
Forum: Personal Investments
Topic: How do I check how my FXNAX Bond index did?
Replies: 8
Views: 811

Re: How do I check how my FXNAX Bond index did?

It should do basically the same as AGG, the iShares U.S. bond index ETF.