Search found 70 matches

by germark
Mon Feb 24, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Bond Yield vs. Money Market Yield
Replies: 19
Views: 2015

Bond Yield vs. Money Market Yield

I was reviewing my finances recently and was shocked to realize how close the yield on these two investments I own is: Vanguard Prime Money Market : Yielding 1.61% Vanguard Total Bond Market : Yielding 2.00% My surprise at the yield similarity stems from this: my understanding is that the Bond fund ...
by germark
Tue Oct 22, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

Emilyjane wrote:
Tue Oct 22, 2019 5:41 am
I had a good experience with a financial planner I found through the Garrett Network. One time, 2 visits, was about $3500 five years ago.
Thank you for sharing this! It is helpful to me.
by germark
Tue Oct 22, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

One thing to also consider as you are thinking about hiring a planner is the type of planner best suited for your situation. One of my retirement projects/hobbies has been to self-study the CFP course material for my own educational benefit. I purchased a full set of gently used CFP textbooks and h...
by germark
Tue Oct 22, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

Actually I already have a CPA who is great with the tax stuff. I need someone who I can talk to about the more vague / mushy aspects of my financial life with. Note that I'm not looking for advice on those vague / mushy aspects of my financial life on this thread. Rather, I'm looking for anecdotes ...
by germark
Tue Oct 22, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

This is a really tough crowd for this question. Unfortunately, I can't make a recommendation but I think it's very smart of you to seek out assistance/advice during this transition. Money well spent even if it just brings you peace of mind to have a second set of eyes and ears on your plan. Best of...
by germark
Tue Oct 22, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

In my case I'm trying to find a good tax person to sit down with me and go over my investments and plans for withdrawal in retirement. Along with some questions regarding taxes on a property that has been both a primary residence (twice) and a rental. Seems harder than you'd expect. A number of the...
by germark
Tue Oct 22, 2019 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

I am curious how people here have gone about the process of finding someone, what their experience was, etc. 3 years ago I thought I was at a point that I could pull the trigger. Seemed important to get it right :wink: . I had not found BH at that time. I started browsing the CFP and NAPFA sites fo...
by germark
Mon Oct 21, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

I am thinking of hiring a financial planner to answer some questions I've had for a while. I am curious how people here have gone about the process of finding someone, what their experience was, etc. My understanding is that the "cardinal rule" of working with people in this field is to hire someon...
by germark
Mon Oct 21, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

The IRS has many publications for self-employed taxpayers. I think they are in www.irs.gov/publications so just browse the titles there and read to your heart's content. Example: https://www.irs.gov/pub/irs-pdf/p334.pdf I actually don't have tax questions. I want someone to talk to about vaguer asp...
by germark
Mon Oct 21, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Re: Thinking of hiring a financial planner - any advice?

I am thinking of hiring a financial planner to answer some questions I've had for a while. I am curious how people here have gone about the process of finding someone, what their experience was, etc. My understanding is that the "cardinal rule" of working with people in this field is to hire someon...
by germark
Mon Oct 21, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2254

Thinking of hiring a financial planner - any advice?

I am thinking of hiring a financial planner to answer some questions I've had for a while. I am curious how people here have gone about the process of finding someone, what their experience was, etc. My understanding is that the "cardinal rule" of working with people in this field is to hire someone...
by germark
Thu Oct 10, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: A great example of single stock risk
Replies: 51
Views: 5959

A great example of single stock risk

Today I saw an article that PG&E stock price went down sharply due to a potential development in its bankruptcy proceeding. 3 years ago the stock was at $60 1 year ago it was at $47 Now it's at $8 Times like this I'm glad that I only invest index funds. I can easily imagine an individual investor bu...
by germark
Thu Oct 10, 2019 12:05 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 32756

Re: Michael Burry: Index Funds are like Subprime CDOs

I read the article and I think that he makes a good point. I agree, a very good point... I'm just not sure that there's a better way than passive index funds, as I don't have the time to do security level analysis on thousands of equities, and I also don't think there are any actively managed funds...
by germark
Wed Sep 04, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 254
Views: 32756

Re: Michael Burry: Index Funds are like Subprime CDOs

I read the article and I think that he makes a good point.
by germark
Thu Aug 29, 2019 11:21 am
Forum: Investing - Theory, News & General
Topic: Series EE savings bonds attractive now?
Replies: 13
Views: 1374

Re: Series EE savings bonds attractive now?

What do you think of Series EE savings bonds these days? If held for 20 years, the effective return is 3.5%. 20 year treasuries currently yield 1.76%. There are definitely drawbacks - mostly, you get crushed if you sell early (return drops to 0.1%). I am finding them oddly compelling. My biggest co...
by germark
Fri Aug 16, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11414

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

On a somewhat related note, I recall that in a few threads on Dividend Investing people said things like "look at GE", sort of implying that they had done a significant dividend cut at some point in the future. This thread caused me to look into that and OMG - is this correct? Ex/Eff Date Cash Amoun...
by germark
Mon Jun 17, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 900
Views: 94052

Re: Why are you NOT buying rental properties?

Bay area for example, but I am sure there are plenty of others. Per your request.... https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby I see a graph going up almost continuously, and in very few years staying constant. Absolutely no boom bust in the general acceptance of ...
by germark
Mon Jun 17, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 900
Views: 94052

Re: Why are you NOT buying rental properties?

There are two reasons that I am not buying rental properties: liability estate planning Liability ... Estate planning I have a friend whose parents were doctors, and owned one rental property. When they passed, it was up to my friend and his siblings to learn how to manage the property and decide w...
by germark
Mon Jun 17, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 900
Views: 94052

Re: Why are you NOT buying rental properties?

There are two reasons that I am not buying rental properties: liability estate planning Liability I have a cousin who makes his living doing real estate investing. He describes a type of person / lawyer who sues for every little thing, in the hope of one day "striking it rich". I don't know how ofte...
by germark
Fri Apr 05, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9779

Re: Married couples: can you have a team mentality with separate finances?

Take Jeff and Mackenzie Bezos for example. Of course we are nowhere near that level, but they've been in the news lately with headlines like "How much of Jeff's money is MacKenzie going to take?" Everyone here feels that she is equally entitled to their joint assets? There is no "Jeff's money." All...
by germark
Wed Mar 27, 2019 2:23 pm
Forum: Investing - Theory, News & General
Topic: Free dinner from an attorney
Replies: 32
Views: 3672

Re: Free dinner from an attorney

As a lawyer, I hate this. I would never lend my imprimatur to another non-law profession by "hosting" something as a gentle suggestion that my legal counsel was that they accept that person's services. Depending on the financial/business arrangement (and the state), this could easily be unethical. ...
by germark
Mon Mar 11, 2019 12:30 pm
Forum: Personal Investments
Topic: What does it mean that VBTLX lost value?
Replies: 7
Views: 1498

Re: What does it mean that VBTLX lost value?

Thanks everyone for these excellent answers!

It really reinforces how great this forum is!
by germark
Sun Mar 10, 2019 5:02 pm
Forum: Personal Investments
Topic: What does it mean that VBTLX lost value?
Replies: 7
Views: 1498

Re: What does it mean that VBTLX lost value?

Interesting. Reviewing the Fed Funds history, it looks like there were 5 rate increases between December 2018 and December 2019: Dec 13, 2017 — 1.25–1.50 Mar 21, 2018 — 1.50–1.75 Jun 13, 2018 — 1.75–2.00 Sep 26, 2018 — 2.00–2.25 Dec 19, 2018 — 2.25–2.50 I got this data from here . I don't know for s...
by germark
Sun Mar 10, 2019 2:42 pm
Forum: Personal Investments
Topic: What does it mean that VBTLX lost value?
Replies: 7
Views: 1498

What does it mean that VBTLX lost value?

I own shares of Vanguard Total Bond Market (VBTLX). Recently I started transferring the dividends into my bank account on a quarterly basis. I just received my annual report for the fund and was surprised to see that the total return of the fund for the last year was -.13%. I am a little unclear on ...
by germark
Fri Mar 08, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate
Replies: 97
Views: 8187

Re: Savings Rate

Hi Bogleheads, I'm interested in how accumulators choose a savings rate. We are saving as much as we can at 31 years old, and have a second baby on the way. I thought maxing tax advantaged space would be a good goal, but we hit that last year and I feel like we are saving to much (33%). Any suggest...
by germark
Fri Feb 22, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"
Replies: 24
Views: 3692

"Vanguard Bond ETFs Lose $1.4 Billion as December Buyer Bails"

I think there were a few threads recently about the safety of bond funds. So I thought to post this here: https://www.bloomberg.com/news/articles/2019-02-22/vanguard-bond-etfs-lose-1-4-billion-as-one-december-buyer-bails It’s been a painful week for a clutch of exchange-traded funds run by Vanguard ...
by germark
Wed Feb 20, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for First Time Solo Small Business Owner
Replies: 32
Views: 1863

Re: Taxes for First Time Solo Small Business Owner

OP, I recommend this book: Independent Contractor, Sole Proprietor, and LLC Taxes Explained in 100 Pages or Less

I also recommend you hire a bookkeeper and accountant who can not only do their job, but will explain to you what they're doing and will answer your questions.
by germark
Fri Feb 15, 2019 4:58 pm
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 26
Views: 4715

Re: vanguard managed payout fund

Generally speaking, you can safely withdraw 4% annually from a balanced portfolio of stocks and bonds during retirement. If you only get 2% from dividend distributions, then sell shares to get the remaining amount. You don't need a managed payout fund to do this. Although a managed payout fund is n...
by germark
Fri Feb 15, 2019 4:05 pm
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 26
Views: 4715

Re: vanguard managed payout fund

Thanks zuma. I bought Michael McClungh's book ( Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stock and Bonds ) to try and get a better idea of withdrawal strategies. But it wound up confusing me even more! Let me also ask you a question: are you currently withdraw...
by germark
Fri Feb 15, 2019 3:36 pm
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 26
Views: 4715

Re: vanguard managed payout fund

If my entire $100k was invested in cash this would be a simple transfer. But since I own mutual funds it's complicated. Presumably I don't reinvest distributions, so I have some cash there. Let's say $100 a month. Then I need to sell $233 of shares. Which funds? I guess I do it in a way that keeps ...
by germark
Fri Feb 15, 2019 2:29 pm
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 26
Views: 4715

Re: vanguard managed payout fund

Like the OP, I've occasionally looked at the managed payout fund and been interested in it. Despite all my research on investing and retirement, I still haven't figured out a good way to turn my assets into a steady investment stream. The easiest method (stop reinvesting distributions) comes up wit...
by germark
Fri Feb 15, 2019 12:46 pm
Forum: Personal Investments
Topic: Girlfriend's Financial Advisor Recommendations...
Replies: 63
Views: 8439

Re: Girlfriend's Financial Advisor Recommendations...

Has your girlfriend expressed any interest in learning about the world of finance and investing? It amazes me how many people start investing their life savings without, say, reading a few books on the topic. The bogleheads have a good reading list: https://bogleheads.org/RecommendedReading.php I t...
by germark
Fri Feb 15, 2019 12:32 pm
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 26
Views: 4715

Re: vanguard managed payout fund

http://i67.tinypic.com/2z7pjdf.png I've been tracking the payouts from the three managed payout funds since inception. They got off to a bad start the first few years because the initial payouts were not based on a three-year average of daily account values. By 2012 the payouts were based on a full...
by germark
Fri Feb 15, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1438
Views: 165787

Re: What frugal thing did you do today?

Took the bus instead of uber.
by germark
Thu Feb 14, 2019 5:55 pm
Forum: Personal Investments
Topic: Girlfriend's Financial Advisor Recommendations...
Replies: 63
Views: 8439

Re: Girlfriend's Financial Advisor Recommendations...

Has your girlfriend expressed any interest in learning about the world of finance and investing? It amazes me how many people start investing their life savings without, say, reading a few books on the topic. The bogleheads have a good reading list: https://bogleheads.org/RecommendedReading.php I th...
by germark
Wed Feb 13, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 43676

Re: Mr. Money Mustache, SWR, and equity allocation

you can certainly still quit that job you hate, and work part-time doing stuff you enjoy more. That's not early retirement, but being semi-retired and nearly financially independent is pretty awesome too. +1 I'm not a MMM fan; but, that's one take-away I remember from some of his blogs. (It's also ...
by germark
Mon Feb 11, 2019 4:23 pm
Forum: Personal Investments
Topic: POSITIVE experience with advisor?
Replies: 2
Views: 514

POSITIVE experience with advisor?

This forum is generally pretty against people hiring financial advisors.

I thought it would be nice to hear the opposite: stories of people who hired financial advisors and had a positive experience with it.

So if this sounds like you, please consider replying and sharing your story!
by germark
Sun Feb 10, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 153
Views: 35426

Re: Have $3m at 33, "approach to career" advice needed

I'm in a unique position financially and there's not a lot of people I feel like I can talk to about the topic. Any advice is appreciated. I'm 33, live in HCOL area, with a net worth of about 3.2M (400k SEP IRA, 2.5M index funds, $300k cash/misc). No debt. Renting. Married with an infant at home. S...
by germark
Sat Feb 09, 2019 12:17 pm
Forum: Personal Investments
Topic: How to Begin with 1M
Replies: 150
Views: 23676

Re: How to Begin with 1M

Another question: said advisor encouraged me in 2017 to take $30,000 out to cover home repairs. When the repairs were delayed, in 2018 he encouraged me to send it all back. Now I see that Schwab has made it look on my 2018 statements as if my investments earned this $30,000. Is that normal? It woul...
by germark
Sun Feb 03, 2019 12:04 pm
Forum: Personal Investments
Topic: 30 YO 2 Million to Invest
Replies: 60
Views: 8154

Re: 30 YO 2 Million to Invest

Hello everyone! I'm married with one kid. It's been quite some time since I've posted here but I've been busy building a business over the last many years and I'm getting close to selling it. I will be getting roughly $2 million after taxes. Currently, I have $25k in cash. My goal is to invest in E...
by germark
Sat Feb 02, 2019 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my plan for early retirement
Replies: 42
Views: 5462

Re: Please critique my plan for early retirement

I'm 40, single, completely burnt out by corporate life. I'm considering an early retirement next year. Please let me know what you think. My impression is that you have saved / invested a lot of money and hate your job. I think that you can afford to quit your job, move back in with your parents, a...
by germark
Sat Feb 02, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to approach family member
Replies: 33
Views: 3055

Re: How to approach family member

My father just retired at age 65 and is opting for the lump sum on his pension, which is close to $1M. Having spent much of the past 6 months getting myself financially literate and combing through the forums, I decided to ask him his plans to secure his retirement future. I was shocked to learn th...
by germark
Tue Jan 29, 2019 9:25 pm
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 21876

Re: Around 43K in dividends last year - feel good about it ?

My portfolio threw around 43K total dividends in 2018 ( was around 36K in 2017). Around 14 k is taxable. This number does not include cap gains distribution by mutual funds. On one hand it feels good to see this stream of income coming in , but on the other I am still down by 90K for 2018 even afte...
by germark
Thu Jan 24, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: Yield difference between total bond and MMF less than 1%
Replies: 94
Views: 7101

Re: Yield difference between total bond and MMF less than 1%

Today the SEC yield on the total bond market fund is 3.18%, and the prime money market fund is 2.47%. The difference in yield is so small that I wonder if it makes much difference which fund your money is in. What are your thoughts? The duration of VBMFX is 5.9Y. Do the math. It would probably help...
by germark
Thu Jan 24, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: What could I do better?
Replies: 5
Views: 889

Re: What could I do better?

Thanks everyone who replied. Let me answer the questions / comments. Income varies a lot. A few years ago I moved from FTE to self-employed. I was a high earner when I was an employee. The first few years of self-employment I lost money, and last year I broke even. The goal with being self-employed ...
by germark
Wed Jan 23, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: What could I do better?
Replies: 5
Views: 889

What could I do better?

I am a 40 year old, single and self-employed. I have variable income and $360k in retirement accounts. My annual expenses are about $60k after taxes. I just received a $1M windfall and am planning to invest it in a 3-fund lazy portfolio, with 50% allocated to total market stocks and 50% to total mar...
by germark
Mon Jan 14, 2019 5:03 pm
Forum: Investing - Theory, News & General
Topic: Book on withdrawal strategies / retirement income?
Replies: 25
Views: 3167

Re: Book on withdrawal strategies / retirement income?

I just read the first few chapters of Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stock and Bonds but didn't like it. Curious what you did not like about it. I thought it was excellent and pretty much covered the subject. It felt more like a dissertation more tha...
by germark
Mon Jan 14, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Book on withdrawal strategies / retirement income?
Replies: 25
Views: 3167

Book on withdrawal strategies / retirement income?

I'm interested in learning more about portfolio withdrawal strategies and different ways to convert stocks and bonds to a lifetime stream of income. Several years ago I read Retirement Portfolios: Theory,Construction and Management . I remember that I liked it at the time, and might consider actuall...
by germark
Thu Jan 10, 2019 6:05 pm
Forum: Investing - Theory, News & General
Topic: Modeling "withdrawing just income generated"
Replies: 31
Views: 2908

Re: Modeling "withdrawing just income generated"

If you prefer books then Zwecher's "Retirement Portfolios" is the best of the "safety-first" school of thought. And McClung's "Living Off Your Money" is the best of the "probability-based" school of thought. I actually read "Retirement Portfolios" many years ago. I hadn't heard of "Living Off Your ...
by germark
Wed Jan 09, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: ug - seeking medical billing advice for ambulance ride
Replies: 55
Views: 5080

Re: ug - seeking medical billing advice for ambulance ride

rasputin wrote:
Wed Jan 09, 2019 11:28 pm
That said, I think this is a collectively offensive way to fund ambulance services. Hopefully we'll find a better way.
I agree.