Search found 398 matches

by bck63
Mon Jun 24, 2019 4:18 am
Forum: Personal Investments
Topic: Emergency Fund AA
Replies: 18
Views: 1273

Re: Emergency Fund AA

Here's an alternative view: 'overfund' your EF by about 25% and invest it in Vanguard's Wellesley Income fund (35/65 AA). Its maximum drawdown over its nearly 50 year history was about -18%. While it isn't likely to perform as well in the near future as it did in the past, it's likely to outperform...
by bck63
Sun Jun 23, 2019 4:14 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund questions]
Replies: 33
Views: 1341

Re: which is better,fidelity or schwab ??

hello BH I have vanguard account and want to open another account, . which is better fidelity or Schwab ?? best wishes looking I don't have experience with Schwab. I'm very happy with Fidelity. I use their Cash Management Account for practically all my finances, in addition to having about 1/3 of m...
by bck63
Sun Jun 23, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 846
Views: 85426

Re: What frugal thing did you do today?

On Friday I shopped around for condo insurance. As a result we will save $259 annually off of our premium. Feeling happy. 8-) 8-)
by bck63
Sun Jun 23, 2019 7:41 am
Forum: Personal Investments
Topic: Getting caught up in minutia of investing-How to make things simple
Replies: 44
Views: 3251

Re: Getting caught up in minutia of investing-How to make things simple

Find a simple plan that will help you avoid big errors. The biggest lesson I’ve learned is that in the real world, tax considerations are *secondary* to avoiding behavioral mistakes. The latter is much more costly.
by bck63
Fri Jun 21, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 753
Views: 80776

Re: Fidelity as a one stop shop

Since transitioning to using the ATM/debit card with my fidelity brokerage account, I've noticed that an ATM withdrawal doesn't post to the account for 2-3 business days. Years ago when I used the ATM card with the fidelity CMA account, I thought it posted same day. Curious if others have noticed t...
by bck63
Fri Jun 21, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: how do you manage your cash flow in retirement
Replies: 28
Views: 3352

Re: how do you manage your cash flow in retirement

We bailed on our physical bank in 2009 - haven't missed it once. We actually use ours. We are selling a property and wanted to confirm the routing numbers (they fill out the paperwork). The reason we do this is that we almost got scammed out of 530K in a fake title company scam last year. Scammers ...
by bck63
Fri Jun 21, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 753
Views: 80776

Re: Fidelity as a one stop shop

Since transitioning to using the ATM/debit card with my fidelity brokerage account, I've noticed that an ATM withdrawal doesn't post to the account for 2-3 business days. Years ago when I used the ATM card with the fidelity CMA account, I thought it posted same day. Curious if others have noticed t...
by bck63
Thu Jun 20, 2019 7:53 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 11607

Re: If you are already wealthy, what keeps you motivated?

My sense of purpose comes from service to others. I go to work knowing that things keep on getting better and better. I appreciate my humble beginnings most days. I take pride in what I do, it is not just for money. :beer This says a lot about who you are. It was encouraging to read. Thank you for ...
by bck63
Thu Jun 20, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 787

Re: Yes -- Another Tilting Post

Okay, another question from a boglehead newbie, two years into the boglehead philiosophy. Every time I look at my total stock market fund (FSKAX) I wonder why I would want to have 17.69% of my stock holdings in ten companies. Why shouldn't one diversify more? When I backtest, adding small caps, or ...
by bck63
Thu Jun 20, 2019 6:35 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 787

Re: Yes -- Another Tilting Post

OP, If you are interested in this subject area, please buy/borrow this book. https://www.amazon.com/Your-Complete-Guide-Factor-Based-Investing/dp/0692783652/ref=sr_1_1?crid=14OELR9TV8NF2&keywords=swedroe+factor&qid=1561029739&s=gateway&sprefix=swedroe+fac%2Caps%2C133&sr=8-1 KlangFool Thanks very mu...
by bck63
Thu Jun 20, 2019 6:13 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 787

Re: Yes -- Another Tilting Post

After exploring the wiki more, I found this, which I found helpful:

viewtopic.php?f=10&t=92649
by bck63
Thu Jun 20, 2019 5:47 am
Forum: Investing - Theory, News & General
Topic: Yes -- Another Tilting Post
Replies: 11
Views: 787

Yes -- Another Tilting Post

Okay, another question from a boglehead newbie, two years into the boglehead philiosophy. Every time I look at my total stock market fund (FSKAX) I wonder why I would want to have 17.69% of my stock holdings in ten companies. Why shouldn't one diversify more? When I backtest, adding small caps, or e...
by bck63
Wed Jun 19, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 188
Views: 16883

Re: What non fiction book will you be reading in 2019?

"Why Smart People Make Big Money Mistakes and How to Correct Them -- Lessons from the New Science of Behavioral Economics", by Gary Belsky and Thomas Gilovich
by bck63
Wed Jun 19, 2019 9:37 am
Forum: Personal Investments
Topic: Transferring mutual funds between taxable accounts
Replies: 17
Views: 895

Re: Transferring mutual funds between taxable accounts

Strange but whatever works for you. Do you understand tax efficient fund placement and looking at your portfolio as one entity? Yes. I combine the traditional AA model with a bucket system, which I acknowledge is pure, unadulterated mental accounting. My first account or bucket is cash, which I use...
by bck63
Tue Jun 18, 2019 10:30 am
Forum: Personal Investments
Topic: Transferring mutual funds between taxable accounts
Replies: 17
Views: 895

Re: Transferring mutual funds between taxable accounts

Strange but whatever works for you. Do you understand tax efficient fund placement and looking at your portfolio as one entity? Yes. I combine the traditional AA model with a bucket system, which I acknowledge is pure, unadulterated mental accounting. My first account or bucket is cash, which I use...
by bck63
Tue Jun 18, 2019 9:09 am
Forum: Personal Investments
Topic: Transferring mutual funds between taxable accounts
Replies: 17
Views: 895

Re: Transferring mutual funds between taxable accounts

I also wonder why the same owner would maintain 2 taxable accounts at the same broker. Different beneficiary? What other reason makes sense? With some exceptions, I keep cash, stocks and bonds in separate accounts. It is probably mental accounting but helps me with asset allocation. Bad idea? I've ...
by bck63
Tue Jun 18, 2019 8:58 am
Forum: Personal Investments
Topic: Transferring mutual funds between taxable accounts
Replies: 17
Views: 895

Re: Transferring mutual funds between taxable accounts

Thanks for both the responses. The answer to my first inquiry was vague. I contacted Fidelity a second time and got a very clear answer. As long as it is a transfer between two taxable accounts with the same owner, it is not a taxable event. This will be helpful in terms of rebalancing AA between ac...
by bck63
Tue Jun 18, 2019 7:50 am
Forum: Personal Investments
Topic: Transferring mutual funds between taxable accounts
Replies: 17
Views: 895

Transferring mutual funds between taxable accounts

Can anyone tell me whether transferring shares of a mutual fund between two taxable accounts at the same brokerage creates a taxable event? Can’t get a clear answer.
by bck63
Mon Jun 17, 2019 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 753
Views: 80776

Re: Fidelity as a one stop shop

My biweekly paycheck is memo posted and available for trading and withdrawal in my Fidelity brokerage account on Thursdays at 7:30 am, a day before our “scheduled” payday on Friday. I'm surprised Fidelity lets you at the funds a day early. As I mentioned above, I see them at my credit union as a fu...
by bck63
Sun Jun 16, 2019 7:03 pm
Forum: Personal Investments
Topic: ETF Tax Efficiency - Should I switch?
Replies: 5
Views: 653

Re: ETF Tax Efficiency - Should I switch?

Thank you everyone for the comments and the links. Will be using them to calculate the possible savings. Much appreciated.
by bck63
Sat Jun 15, 2019 7:54 pm
Forum: Personal Investments
Topic: ETF Tax Efficiency - Should I switch?
Replies: 5
Views: 653

ETF Tax Efficiency - Should I switch?

Another question from a recently-frequent member. I am learning as I go and this forum has been invaluable. I currently own mutual funds in my fidelity taxable account. I am now learning that ETFs are more tax efficient. For example, I own FSKAX which has an expense ratio of 0.015%. It distributes c...
by bck63
Fri Jun 14, 2019 4:24 pm
Forum: Personal Investments
Topic: From Simplicity to Complexity
Replies: 10
Views: 870

From Simplicity to Complexity

I have noticed something about myself, and am wondering if I'm alone. I learned about the Boglehead way of investing about two years ago. Since then, I've sold all my individual stocks, am invested in only index funds (with small and temporary exceptions; see below), and have developed an asset allo...
by bck63
Fri Jun 14, 2019 5:45 am
Forum: Personal Investments
Topic: Expense Ratio Math Help
Replies: 9
Views: 650

Re: Expense Ratio Math Help

I think it's more enlightening to talk about the $ amount rather than the ER. Lets say you have a $100,000 portfolio. 75% of that ($75,000) is in a fund with a 0.03% ER. 0.03% means your annual expense is 0.0003 x $75000 = $22.5 dollars per year. 25% of that ($25,000) is in a fund with a 0.7% ER. 0...
by bck63
Thu Jun 13, 2019 6:10 pm
Forum: Personal Investments
Topic: Expense Ratio Math Help
Replies: 9
Views: 650

Re: Expense Ratio Math Help

Silk McCue wrote:
Thu Jun 13, 2019 5:04 pm
(.75 x .03) + (.25 x .7) = .1975

Cheers
I didn't see your post before silk. Thank you!
by bck63
Thu Jun 13, 2019 5:57 pm
Forum: Personal Investments
Topic: Expense Ratio Math Help
Replies: 9
Views: 650

Re: Expense Ratio Math Help

Can anyone tell me how I would figure out an average expense ratio, given multiple funds with different ERs? For example, if I have 75% of my portfolio in a fund with an ER of 0.03%, and 25% in a fund with an ER of 0.7% , how would I calculate my average ER? Thanks for any help that anyone can prov...
by bck63
Thu Jun 13, 2019 5:17 pm
Forum: Personal Investments
Topic: Expense Ratio Math Help
Replies: 9
Views: 650

Re: Expense Ratio Math Help

Can anyone tell me how I would figure out an average expense ratio, given multiple funds with different ERs? For example, if I have 75% of my portfolio in a fund with an ER of 0.03%, and 25% in a fund with an ER of 0.7% , how would I calculate my average ER? Thanks for any help that anyone can prov...
by bck63
Thu Jun 13, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1005
Views: 266720

Re: Share your story of how you got wealthy

I became reasonably wealthy 3 times - lost it twice. First time - got some nice stock options from a startup, invested heavily in tech - got "wealthy" but back to earth after 2k tech crash Second time - very well paying job, saved religiously and real estate did well - job disappeared and got divor...
by bck63
Thu Jun 13, 2019 4:54 pm
Forum: Personal Investments
Topic: Expense Ratio Math Help
Replies: 9
Views: 650

Expense Ratio Math Help

Can anyone tell me how I would figure out an average expense ratio, given multiple funds with different ERs? For example, if I have 75% of my portfolio in a fund with an ER of 0.03%, and 25% in a fund with an ER of 0.7%, how would I calculate my average ER? Thanks for any help that anyone can provide.
by bck63
Wed Jun 12, 2019 7:11 pm
Forum: Personal Investments
Topic: How to invest $10,000 for 3 years
Replies: 20
Views: 2267

Re: How to invest $10,000 for 3 years

[quote=buhlaxtus post_id=4589397 ... oh good lord. You have millions in assets and you are nitpicking the return on a 10k 3 year investment? Are you trolling? I’m reading an excellent book on behavioral economics and this is a perfect example of mental accounting. The author uses an almost identica...
by bck63
Wed Jun 12, 2019 4:35 am
Forum: Personal Investments
Topic: Cash to investments
Replies: 31
Views: 2609

Re: Cash to investments

Here is a behavioral trick that you can do: Say you have $100,000 cash to invest, but already have $500,000 invested. Sell the $500,000 of funds you have. You will be so bothered by selling that you will want to buy it all back. So now buy back $600,000 because it's only a little more than the $500...
by bck63
Wed Jun 12, 2019 3:37 am
Forum: Personal Investments
Topic: How to invest $10,000 for 3 years
Replies: 20
Views: 2267

Re: How to invest $10,000 for 3 years

[quote=buhlaxtus post_id=4589397 ... oh good lord. You have millions in assets and you are nitpicking the return on a 10k 3 year investment? Are you trolling? I’m reading an excellent book on behavioral economics and this is a perfect example of mental accounting. The author uses an almost identica...
by bck63
Wed Jun 12, 2019 3:36 am
Forum: Personal Investments
Topic: How to invest $10,000 for 3 years
Replies: 20
Views: 2267

Re: How to invest $10,000 for 3 years

Deleted
by bck63
Tue Jun 11, 2019 5:21 pm
Forum: Personal Investments
Topic: Good Investments for 2-5 Years in Taxable
Replies: 33
Views: 3616

Re: Good Investments for 2-5 Years in Taxable

VMLTX, Vaguard Limited Term Tax Exempt Fund, has a duration of 2.4 years, which might fit within your time horizon. I am only in the 22% tax bracket, and I use FNSOX, Fidelity Short-Term Bond Index Fund -- a nice fund with an ER O 0.03%.
by bck63
Tue Jun 11, 2019 2:00 am
Forum: Personal Consumer Issues
Topic: Travel Advice driving through NYC to Long Island
Replies: 18
Views: 1279

Re: Travel Advice driving through NYC to Long Island

I take the Thruway to the Cross County to the Hutchinson River Pkwy, over the Whitestone Br, then the Cross Island Pkwy to the Southern State Pkwy east.
by bck63
Tue Jun 11, 2019 1:37 am
Forum: Personal Investments
Topic: How aggressive is your AA? Can you help me with mine?
Replies: 19
Views: 2250

Re: How aggressive is your AA? Can you help me with mine?

Given that you're about 10 years away from retirement, you should probably consider what AA you want during retirement. I would then recommend that you consider taking incremental steps to move your current AA to that AA, if needed, over the course of the next decade or so. This is exactly what I'm...
by bck63
Sun Jun 09, 2019 12:58 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3803
Views: 1094173

Re: What Book Are You Currently Reading? Part VI

"Why Smart People Make Big Money Mistakes and How to Correct Them: Lessons from the Life-Changing Science of Behavioral Economics," by Gary Belsky and Thomas Gilovich.
by bck63
Sun Jun 09, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 846
Views: 85426

Re: What frugal thing did you do today?

Discussions of dishonest behavior or bypassing the law is totally unacceptable. I removed a post which saved money by not paying for a meal. A bad joke in poor taste. My apologies to the moderator and the participants of the thread. On a true note, today I bought my Cumberland Farms large coffee fo...
by bck63
Sun Jun 09, 2019 7:37 am
Forum: Personal Investments
Topic: VTSAX or VTWAX over the next 35 years?
Replies: 173
Views: 17776

Re: VTSAX or VTWAX over the next 35 years?

If you're a U.S. investor, invested in a S&P 500 or Total Market U.S.index fund, half of your revenues already come from outside the U.S. So, you have an international fund, minus the risks (e.g. currency, sovereign, stability) and fees associated with investing in international funds. Works for me...
by bck63
Sun Jun 09, 2019 7:30 am
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

I also own quite a bit of this fund. Like you, when I discovered the teachings here, I regretted not splitting out the stock/bond portion and considered selling it. However, it has been very tax efficient at a time when I needed that, plus pays out a lot of tax advantaged and no Fed tax dividends. ...
by bck63
Fri Jun 07, 2019 6:28 pm
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

Yes. That's what I mean. I would still do 50/50, in total stock market and total bond market index funds. Does doing that make sense? Over the past 18 months (Dec 2017 - May 2019), VTMFX has outperformed a 50/50 mix of total stock/total bond on an absolute (pre-tax) basis. Your $65k earned $800 mor...
by bck63
Fri Jun 07, 2019 5:22 am
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

Thanks to everyone for your help.
by bck63
Fri Jun 07, 2019 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA Over Draft-with Brokerage
Replies: 3
Views: 491

Re: Fidelity CMA Over Draft-with Brokerage

I have a Fido Brokerage account coupled with a CMA. I have setup my brokerage to act as overdraft for the CMA I have had this work in the past with a Fido Visa where My CMA didn't have enough in it to pay my CC it auto pulled from my Brokerage to fund my payment to the Fido Visa (Elan) Last month I...
by bck63
Thu Jun 06, 2019 8:31 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 129
Views: 29623

Re: 2017 Relative Tax Efficiency

Also, how bad the bonds are depends on the yield. The tax cost on Total Bond Market at its 2.75% yield is 0.61% in a 22% bracket. Suppose that munis are estimated to yield the same as bonds of comparable risk in a 22% tax bracket. The tax cost on Admiral shares of Vanguard Intermediate-Term Tax-Exe...
by bck63
Thu Jun 06, 2019 8:04 pm
Forum: Personal Investments
Topic: How aggressive is your AA? Can you help me with mine?
Replies: 19
Views: 2250

Re: How aggressive is your AA? Can you help me with mine?

Given that you're about 10 years away from retirement, you should probably consider what AA you want during retirement. I would then recommend that you consider taking incremental steps to move your current AA to that AA, if needed, over the course of the next decade or so. This is exactly what I'm...
by bck63
Thu Jun 06, 2019 8:00 pm
Forum: Investing - Theory, News & General
Topic: 2017 Relative Tax Efficiency
Replies: 129
Views: 29623

Re: 2017 Relative Tax Efficiency

And now a few taxable account observations: 1-Obviously your state and federal tax brackets matter a lot. 2-Bonds are bad, bad, bad to have in a taxable account because of how many dividends they kick off. I know that this is Bogleheads 201 but I just figured it out. The exception is Municipal Bond...
by bck63
Thu Jun 06, 2019 7:29 pm
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

Looking again at the earnings. I probably should stay in this fund. I think you were on the right track when you thought it would be better to sell it. For the exact reasons you gave. In your tax bracket, it is likely that a taxable bond fund is better than tax-exempt. And having individual funds i...
by bck63
Thu Jun 06, 2019 4:52 pm
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

retiredjg wrote:
Thu Jun 06, 2019 4:33 pm
bck63 wrote:
Thu Jun 06, 2019 4:19 pm
Looking again at the earnings. I probably should stay in this fund.
I think you were on the right track when you thought it would be better to sell it.
Why do you think so?
by bck63
Thu Jun 06, 2019 4:19 pm
Forum: Personal Investments
Topic: Tax Managed Balanced Fund -- PLEASE HELP
Replies: 22
Views: 2204

Re: Tax Managed Balanced Fund -- PLEASE HELP

Looking again at the earnings. I probably should stay in this fund.
by bck63
Thu Jun 06, 2019 5:57 am
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6025

Re: Thank you, Taylor Larimore!

Thank you Mr. Larimore!! I often think that WWII could very well have had a different outcome. It was not a foregone conclusion that we would win the war. The world would be a VERY different place without your sacrifice and that of so many others.

Truly the Greatest Generation! Thank you again!