Search found 280 matches

by sf_tech_saver
Mon Aug 24, 2020 12:49 pm
Forum: Investing - Theory, News & General
Topic: The 0.5% Rule (SWR) [Safe Withdrawal Rate]
Replies: 419
Views: 23427

Re: The 0.5% Rule (SWR) [Safe Withdrawal Rate]

https://www.financialsamurai.com/proper-safe-withdrawal-rate/ Financial Samurai suggests the new safe withdrawal rate should Be 0.5%. Seems like he’s exaggerating, but his point has to do with the expected rates on the 10-year now vs. when the Trinity study was completed. Does this analysis have an...
by sf_tech_saver
Wed Jul 08, 2020 10:47 am
Forum: Personal Investments
Topic: Do you ever feel you've missed out due to the 3-fund portfolio?
Replies: 125
Views: 9668

Re: Do you ever feel you've missed out due to the 3-fund portfolio?

Never.

My big upside comes from my career.

Passive investing is just the best low-cost way of investing what I earn in my career.

Being a semi-professional (gambler?) investor has zero appeal to me regardless of the anecdotal 'wins' from that approach.
by sf_tech_saver
Mon Jun 22, 2020 5:00 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 20337

Re: High net worth portfolio advice

I want to add that I am AMAZED to see people advocating for non TSM approaches to after-tax investing here. ...and that was the last straw. I’m done with this place. If you leave the forum that would be sad that zealots chased you away after making the only intelligent suggestion in the thread: "My...
by sf_tech_saver
Sun Jun 21, 2020 3:18 am
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 20337

Re: High net worth portfolio advice

OP’s qualified dividend tax rate: 28% What is this number made of? Disregard, I see you answered that above. I get your point that growth stocks are more tax-efficient than blend or value. And I'm not saying that growth stocks are a bad choice for people who know enough to be interested in them for...
by sf_tech_saver
Sun Jun 21, 2020 12:02 am
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 20337

Re: High net worth portfolio advice

I want to add that I am AMAZED to see people advocating for non TSM approaches to after-tax investing here. I happily pile into VTI with some occasional dabbling into VTCLX (tax-managed). If I really want to lower my taxes I need to leave California/SF as its a double whammy on a frugal lifestyle be...
by sf_tech_saver
Sat Jun 20, 2020 11:27 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 20337

Re: High net worth portfolio advice

If I understand your rough numbers correctly I would do something very simple -- and which I plan to do eventually when I move from around $5M net worth to $10-15M (you are there congrats). $1M -- municipal bonds $14M --VTI Just the qualified dividends of VTI alone should give you $250k to live on ...
by sf_tech_saver
Sat Jun 20, 2020 4:23 pm
Forum: Personal Investments
Topic: High net worth portfolio advice
Replies: 154
Views: 20337

Re: High net worth portfolio advice

Hi fellow Bogleheads, I believe to be in a fairly unique financial situation, and I would appreciate hearing what others think. I'm looking for simple and honest financial advice, and I can't think of a better community to ask this question. I've done my best to be concise but comprehensive in desc...
by sf_tech_saver
Mon May 18, 2020 11:55 pm
Forum: Personal Investments
Topic: RSUs [how long to hold]
Replies: 32
Views: 1510

Re: RSUs [how long to hold]

I am currently vesting into RSUs. What is the Boglehead philosophy on whether to hold or sell? Is it best to hold for a year to get capital gains rates or sell once I vest in order to take the money and run? How should I be thinking about this? RSUs are simple: sell and ETF ASAP. Options: it's comp...
by sf_tech_saver
Wed May 13, 2020 5:35 pm
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 17283

Re: Paul Tudor: Compelling case for bitcoin ?

Honestly, the case that Bitcoin is crazier than gold will get harder to make every year that it continues to maintain value because of the arbitrary but real human demand to hold it. I own neither-- as neither are investments -- but every gold fan on Bogleheads should be cautious about throwing any...
by sf_tech_saver
Wed May 13, 2020 12:01 am
Forum: Investing - Theory, News & General
Topic: Paul Tudor: Compelling case for bitcoin ?
Replies: 308
Views: 17283

Re: Paul Tudor: Compelling case for bitcoin ?

Have you seen this article by Paul Tudor ? https://www.docdroid.net/2nTB6aY/may-2020-bvi-letter-macro-outlook-pdf "The most compelling argument for owning Bitcoin is the coming digitization of currency everywhere, accelerated by COVID-19. Bull markets are built on an ever-expanding universe of buye...
by sf_tech_saver
Sat May 09, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10112

Re: $2 million dollar house pre requisites

I wouldn't take out more than a $750k mortgage regardless of income levels or location. Then you are missing out on $8k worth of CA income tax deduction. I didn't know CA went above the federal 750k on new purchases today! But alas you are likely far better with leverage than me so it makes sense :...
by sf_tech_saver
Sat May 09, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: $2 million dollar house pre requisites
Replies: 109
Views: 10112

Re: $2 million dollar house pre requisites

I live in SF, and bought a $1.95M condo ($1.3K HOA) in 2019, with these financials (age 41): Annual household income $1.5-2.0M (equity comp varies) After-Tax Municipal Bonds: ~$1.0M After-Tax Stock: $1.5M 401k Stock: $650K Downpayment: $1.2M Mortage: $750,000 at 3.15% 7/1 ARM I dislike having a mort...
by sf_tech_saver
Mon May 04, 2020 12:06 am
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11846

Re: When to sell low? Buffett sells entire airline stake

This is fair play even within Buffet's own rules. He's more than happy to own a business he THINKS he understands through the ups and downs of the market. He's unwilling to hold, at all, a business he doesn't feel he understands well. One can be forgiven for no longer understanding the travel indus...
by sf_tech_saver
Sun May 03, 2020 8:00 pm
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11846

Re: When to sell low? Buffett sells entire airline stake

This is fair play even within Buffet's own rules. He's more than happy to own a business he understands through the ups and downs of the market. He's unwilling to hold, at all, a business he doesn't feel he understands well. One can be forgiven for no longer understanding the travel industry in the ...
by sf_tech_saver
Tue Apr 21, 2020 11:22 am
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 12107

Re: I'm out [of the market]

Since you can comfortably live off of SS/pension and already had a very conservative equities allocation I'm not sure what the benefit was here. I would personally never go less than 20% equities. It would seem to me that your biggest risk is now inflation and you have very little protection against...
by sf_tech_saver
Wed Apr 15, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 31568

Re: My theory about FIRE

I'm all about the FILL movement.

Financially independent--then living-large.

Keep your job and you get to spend what you used to have to save once you are FI.

(mostly kidding, but seems more fun than retiring early)
by sf_tech_saver
Fri Apr 03, 2020 12:30 pm
Forum: Personal Investments
Topic: Do you want to own the whole haystack [VTI] when someone has a blowtorch?
Replies: 136
Views: 11570

Re: Do you want to own the whole haystack when someone has a blowtorch?

Probably true, and probably already priced into their shares.

If anything I believe the pandemic makes individual stocks even more unpredictable.

If anything this is an awesome time to be focused on accumulation. My focus is on saving as much as possible and buying more VTI.
by sf_tech_saver
Thu Apr 02, 2020 8:30 pm
Forum: Personal Investments
Topic: Does anyone else just not care/worry?
Replies: 139
Views: 9947

Re: Does anyone else just not care/worry?

At 42 and mid-career the market changes have had a large effect on my forward-looking stock compensation (1/3rd+) loss right now over my 4-year vesting cycle. It has esp hammered my 'option' based compensation -- less so the RSUs. I'm pausing selling any options this year because they are more leve...
by sf_tech_saver
Thu Apr 02, 2020 5:28 pm
Forum: Personal Investments
Topic: Does anyone else just not care/worry?
Replies: 139
Views: 9947

Re: Does anyone else just not care/worry?

At 42 and mid-career the market changes have had a large effect on my forward-looking stock compensation (1/3rd+) loss right now over my 4-year vesting cycle. It has esp hammered my 'option' based compensation -- less so the RSUs. I'm pausing selling any options this year because they are more lever...
by sf_tech_saver
Mon Mar 30, 2020 7:35 pm
Forum: Personal Investments
Topic: Another way Edward Jones gets you
Replies: 43
Views: 4705

Re: Another way Edward Jones gets you

Why not run screaming from this slaughterhouse and use a Vangaurd PAS for your wife's accounts?

Vanguard leadership is making a strategic investment in being a lower-cost advisory service. I'd take them up on the offer ASAP.
by sf_tech_saver
Tue Mar 24, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18710

Re: Munis getting slaughtered!

Larry Swedroe @larryswedroe 5-year CD currently yields 1.85% vs. 5-year AA muni at 2.64%, a 4.46% tax-equivalent yield (assuming a 40.8% tax bracket). Given this dynamic, should consider buying tax-exempt munis in tax-advantaged accounts. Crises create unusual opportunities Exactly. When you are in...
by sf_tech_saver
Tue Mar 24, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18710

Re: Munis getting slaughtered!

VCLAX and VCADX are nearly 100% of my bond holdings. Its been a first-hand education to watch, but the bond ETFs have been hit much harder. I also had VTEB and thankfully had to sell that portion to pay my taxes last month. I've certainly been reminded that munis are not great for crisis AA rebalan...
by sf_tech_saver
Mon Mar 23, 2020 11:37 am
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18710

Re: Munis getting slaughtered!

VCLAX and VCADX are nearly 100% of my bond holdings. Its been a first-hand education to watch, but the bond ETFs have been hit much harder. I also had VTEB and thankfully had to sell that portion to pay my taxes last month. I've certainly been reminded that munis are not great for crisis AA rebalanc...
by sf_tech_saver
Sun Mar 22, 2020 6:25 pm
Forum: Investing - Theory, News & General
Topic: It's Not Different This Time
Replies: 358
Views: 34967

Re: It's Not Different This Time

Hug your dividend checks and muni-bond payments I say. You don't get those unless you stay in the market. Those little crumbs help me to never sell except in cases where personal expenses dictate it and I can afford it. I know the bonds are callable and the dividends may plummet in a recession but I...
by sf_tech_saver
Sun Mar 22, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pay fed tax now - or July 15?
Replies: 47
Views: 4332

Re: Pay fed tax now - or July 15?

I was using VTEB as a holding fund for it and thankfully sold just before the crisis. I certainly didn't expect a muni-bond fund to drop 14% in two weeks. :shock: Yeah, that's a serious mismatch of risk and reward in my opinion. Glad it's not just me who feels that way. This has certainly been an e...
by sf_tech_saver
Sun Mar 22, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pay fed tax now - or July 15?
Replies: 47
Views: 4332

Re: Pay fed tax now - or July 15?

Owe $230k. Definitely throwing that into a 50/50 blend of Marcus online savings and VMMXX until July.

I was using VTEB as a holding fund for it and thankfully sold just before the crisis. I certainly didn't expect a muni-bond fund to drop 14% in two weeks. :shock:
by sf_tech_saver
Sun Mar 22, 2020 12:16 pm
Forum: Personal Investments
Topic: VTEB behavior since the crisis
Replies: 6
Views: 841

Re: VTEB behavior since the crisis

There are lots of good discussions on Bond ETF discounts, including the one below. https://www.bogleheads.org/forum/viewtopic.php?p=5117766#p5117766 As the OP indicates, VTEB has traded at a material discount the last several weeks reaching 9.39% on Thursday (see link below and scroll down Premium/...
by sf_tech_saver
Sun Mar 22, 2020 3:02 am
Forum: Personal Investments
Topic: VTEB behavior since the crisis
Replies: 6
Views: 841

Re: VTEB behavior since the crisis

There's a lot of talk about how bond ETFs are decoupling from the underlying. Usually, this would be interpreted as a flaw in using ETFs, but in this case, it may be that the ETF is more liquid and thus more able to adjust to market forces quickly than the relatively illiquid muni bond market. Bond...
by sf_tech_saver
Sun Mar 22, 2020 2:51 am
Forum: Personal Investments
Topic: VTEB behavior since the crisis
Replies: 6
Views: 841

Re: VTEB behavior since the crisis

NAV..... but as a holder of VWIUX and VWLUX, I am feeling the pain as well Right as Investopedia says: "There may be differences between the market closing price for the ETF and the NAV. Any deviations should be relatively minor, however. This is due to the redemption mechanism used by ETFs. Redemp...
by sf_tech_saver
Sun Mar 22, 2020 2:37 am
Forum: Personal Investments
Topic: VTEB behavior since the crisis
Replies: 6
Views: 841

VTEB behavior since the crisis

I've historically carried a mix of VTEB (Muni ETF) and VCADX (CA intermediate muni Admiral shares). If you plot VTEB, vs. its twin mutual fund VTEAX as well as VCADX back for a decade they basically move as one. You'd expect this given their similar portfolios of intermediate-term munis. I happened ...
by sf_tech_saver
Sun Mar 22, 2020 1:26 am
Forum: Investing - Theory, News & General
Topic: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?
Replies: 112
Views: 9210

Re: Are current recession's comparisons to Great Depression doomer tier, accurate or understated?

Keep reading from doomers how this will be "worse than Great Depression". Do you think that is accurate? A virus will create a 30+ year bear market? What about Fed not having to rely on gold and having options to print money and inject in economy? What about remote online work? What about current c...
by sf_tech_saver
Sun Mar 15, 2020 2:55 pm
Forum: Investing - Theory, News & General
Topic: Is it time to GET OUT?
Replies: 125
Views: 10811

Re: Is it time to GET OUT?

I’ve been investing in index funds for about five years now and throughout these years of research, I’ve always heard STAY THE COURSE! I feel that time is now here, but I must admit looking at my portfolio fall is excruciating. Is the strategy literally to hold and hold and hold, or should one take...
by sf_tech_saver
Tue Feb 25, 2020 4:24 pm
Forum: Personal Investments
Topic: What did you learn from the 2/24 sell off?
Replies: 327
Views: 22568

Re: What did you learn from the 2/24 sell off?

It helped me spend some quality time with my second child Muni-Bonds. I enjoyed a few extra hugs with them. Their dividend payment on the 1st of the next few months will happily buy a few more equities than expected.

70/30
by sf_tech_saver
Fri Feb 14, 2020 1:51 am
Forum: Investing - Theory, News & General
Topic: At what point is this a bubble?
Replies: 157
Views: 14347

Re: At what point is this a bubble?

Stocks have decent returns in part because it's never obvious how much they are worth. Once you understand the emotional toil of stock investing you realize what you are really being paid for. Stock volatility is also a reminder of why I love bonds too. The first of the month I get a nice check from...
by sf_tech_saver
Wed Feb 05, 2020 4:59 pm
Forum: Personal Investments
Topic: One share of MSFT per paycheck
Replies: 52
Views: 5233

Re: One share of MSFT per paycheck

I opened a RH account last year and started to buy one share of MSFT whenever I get a paycheck, which comes every two weeks. MSFT is just an example because it grows steadily and is affordable right now (<$200). If one share of MSFT becomes too expensive, I might switch to some cheaper alternatives...
by sf_tech_saver
Wed Feb 05, 2020 4:59 pm
Forum: Personal Investments
Topic: One share of MSFT per paycheck
Replies: 52
Views: 5233

Re: One share of MSFT per paycheck

VTI is a modern marvel. Get to know it.
by sf_tech_saver
Sun Feb 02, 2020 12:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 203
Views: 20354

Re: Vanguard High Dividend Yield Index Fund

I track this fund and am considering using a small amount of it to tilt my 89-year-old grandmother's small equity portion towards value. While I'm pretty confident in the total simplicity of the two-fund approach for myself with an at-scale portfolio at 41 years old.....helping my grandmother with ...
by sf_tech_saver
Sun Feb 02, 2020 1:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard High Dividend Yield Index Fund
Replies: 203
Views: 20354

Re: Vanguard High Dividend Yield Index Fund

I track this fund and am considering using a small amount of it to tilt my 89-year-old grandmother's small equity portion towards value. While I'm pretty confident in the total simplicity of the two-fund approach for myself with an at-scale portfolio at 41 years old.....helping my grandmother with a...
by sf_tech_saver
Fri Jan 31, 2020 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: $3 million the new rule of thumb?
Replies: 653
Views: 51463

Re: $3 million the new rule of thumb?

Indeed, this article is ridiculous. One could not easily retire in San Francisco with such a small portfolio :) Incomes and costs of living vary very widely during our working lives. Why should/would retirement be any different? I personally have the POV that $1,000,000 a year is the new $100,000 a ...
by sf_tech_saver
Tue Jan 14, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 30112

Re: Do you plan to actually spend down your portfolio?

No, I'd like to leave at least $10M to my only son.
by sf_tech_saver
Mon Jan 13, 2020 11:24 pm
Forum: Personal Investments
Topic: Best Vanguard (or Non-Vanguard) Tax-Exempt Bond Funds
Replies: 14
Views: 1867

Re: Best Vanguard (or Non-Vanguard) Tax-Exempt Bond Funds

You could blend in VWLUX for any part of your bonds you don't anticipate selling or rebalancing with for a very long time. I enjoy having some longer-term municipals bonds in my after-tax portfolio.

Every month I buy VTI with their dividends. It's a small tactic but kinda fun :)
by sf_tech_saver
Mon Jan 13, 2020 11:13 pm
Forum: Personal Investments
Topic: VOO PLUS VTI
Replies: 46
Views: 4354

Re: VOO PLUS VTI

VTI provides the broadest diversification by extending to middle/small-cap as a portion of the fund. Instead of trying to be smart about tilting to large/small/mid I prefer to just invest according to their capitalization with VTI. What is your tax bracket and state tax treatment of dividends? In Ca...
by sf_tech_saver
Sun Jan 12, 2020 12:14 am
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6852

Re: Why are Dividend Stocks pushed so hard?

The world still vividly remembers two stock crashes in the last 20 years -- and I think some of the passion around dividend stocks is to avoid the more speculative cycles around earnings multiples and directly harvest company cash flows directly in a plan laid out clearly by management. Its an illus...
by sf_tech_saver
Sun Jan 12, 2020 12:04 am
Forum: Investing - Theory, News & General
Topic: How is Berkshire Hathaway stock NOT a better investment than the index?
Replies: 43
Views: 6619

Re: How is Berkshire Hathaway stock NOT a better investment than the index?

The real problem with the question is suggesting that one can ever be sure what the 'bad' stocks are and root them out of the index. If you think anyone was smart enough to know that Apple would go from being one quarter from bankruptcy to ~the most valuable company on earth then you get to make tha...
by sf_tech_saver
Fri Jan 10, 2020 11:33 pm
Forum: Investing - Theory, News & General
Topic: Here's what I still don't get with AA
Replies: 48
Views: 5000

Re: Here's what I still don't get with AA

It's also important to consider your other risk: will you have enough portfolio to retire. I would build an AA based on: --Years till retirement -- at 47 generally folks would advise you to have at least 20% bond AA. --Risk to sufficiency -- it seems like you are just getting started on savings so e...
by sf_tech_saver
Fri Jan 10, 2020 11:19 pm
Forum: Personal Investments
Topic: Taxable account strategies for high tax brackets
Replies: 29
Views: 4600

Re: Taxable account strategies for high tax brackets

California is even worse, it's a beating. 37% + 13% State + etc. Highlights for me: *Started blending in VTCLX with VTI. Shaves ~.25% off in dividends but tracks the broader market. *Blend Long/Intermediate CA municipal bonds in after-tax. I'm a 70/30 AA. The tax savings make the tax-free yields pre...
by sf_tech_saver
Fri Jan 10, 2020 3:51 pm
Forum: Personal Investments
Topic: 1 million cash - looking for low risk investment
Replies: 53
Views: 6623

Re: 1 million cash - looking for low risk investment

I think this is the wrong way of asking this question as you don't mention your overall AA/portfolio size. If you have $10M in equities vs. this $1M in cash etc.
by sf_tech_saver
Wed Jan 01, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: Before I found Bogleheads.....
Replies: 36
Views: 3536

Re: Before I found Bogleheads.....

Just after my employer's IPO, but before the lock-up period expired I went to Vanguard.com to study every available low-cost fund and become my own portfolio manager. My goal was to memorize the universe available within Vanguard to construct my own portfolio vs. responding to the countless 'Wealth ...
by sf_tech_saver
Mon Dec 30, 2019 3:09 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1704
Views: 221605

Re: 1 Million Milestone

Love to see this. Long live Boglheads! Congrats!
by sf_tech_saver
Mon Dec 30, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 31467

Re: White Coat Investor: Enough is Enough!

Sales managers have a saying that they want a salesperson on their team to spend everything they make and more so they show up hungry. As I approach a ~$4M portfolio this year at 41 years old I've been somewhat struggling with how much to spend/save. It a strange feeling to know I could retire mode...