Search found 23 matches

by guitarman555
Fri Oct 25, 2019 12:11 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 4768

Re: Emergency Fund - why not VTSAX?

Here's another post against a cash emergency fund. https://www.investopedia.com/articles/personal-finance/123113/why-emergency-funds-are-bad-idea.asp No one is advocating for a purely cash EF. Obviously, it should be held in a high-yield savings account or CD, both FDIC insured. That article title ...
by guitarman555
Fri Oct 25, 2019 10:04 am
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 4768

Re: Emergency Fund - why not VTSAX?

Here's another post against a cash emergency fund.

https://www.investopedia.com/articles/p ... d-idea.asp
by guitarman555
Tue Oct 22, 2019 1:26 pm
Forum: Personal Investments
Topic: Emergency Fund - why not VTSAX?
Replies: 52
Views: 4768

Re: Emergency Fund - why not VSTAX?

I think it's fine to use VTSAX as an emergency fund, I'm currently feeding it with everything I can in my taxable account at Vanguard trying to make up for lost time. However, I do keep 7k in a high yield savings (Ally) as the "first tier" so to speak for the emergency fund. Everything else goes to ...
by guitarman555
Thu Oct 10, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Savings Rate drops to 1.8%
Replies: 43
Views: 6295

Re: Ally Savings Rate drops to 1.8%

I thought about pulling my money out (from Ally) but decided to keep it there. It's not about the yield with that money anyway. It's about the security it provides while I stash the rest of my money (after retirement account contributions) into VTSAX (taxable brokerage)
by guitarman555
Tue Aug 13, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 49
Views: 4791

Re: high-yield savings: stay or switch?

I thought about emptying my Ally account and putting it all in my Vanguard taxable brokerage VTSAX, but for now I think I'll sit tight. The cash at Ally is for emergencies and I'm glad it's there. Heck, whether it's 1.9 or 2.2 there's no money to be made really. It's just for peace of mind and easy ...
by guitarman555
Tue Apr 23, 2019 1:05 pm
Forum: Personal Investments
Topic: Where to invest for early retirement?
Replies: 16
Views: 1588

Re: Where to invest for early retirement?

I'm currently saving in a taxable brokerage at Vanguard. I'm invested/investing in VTSAX. After maxing out my Roth, SEP, HSA (all at Fidelity in target funds), and working on my Ally Bank Emergency Fund (2.2 interest), I dump the rest into the taxable account in VTSAX. So far, so good. If the stock ...
by guitarman555
Wed Apr 10, 2019 7:55 am
Forum: Personal Investments
Topic: Taxable brokerage account advice
Replies: 10
Views: 1618

Re: Taxable brokerage account advice

I'm buying VTSAX in my Vanguard brokerage account. So far so good.
by guitarman555
Thu Mar 28, 2019 6:51 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 3837

Re: Allocation for Those Late to the Party

I'm in a similar boat, starting late too. I'm using the Fidelity Target 2035 Funds for my SEP, Roth and HSA. I also save in CIT Bank money market and have a Vanguard taxable brokerage and am filling VTSAX. Just trying to save, save and save, like other posters said to do. I also have a small student...
by guitarman555
Sat Feb 02, 2019 9:13 am
Forum: Personal Investments
Topic: HSA to Fidelity, now where to park the funds?
Replies: 19
Views: 2725

Re: HSA to Fidelity, now where to park the funds?

I put mine (Fidelity HSA - transferred from Lively) in the 2035 freedom index fund. I figure I'll just handle medical out of pocket for as long as I can, not using HSA funds. I'll save and "hopefully" watch the HSA funds grow in the next decade and a half, and then use the HSA in retirement.
by guitarman555
Tue Jan 29, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"
Replies: 23
Views: 2705

Re: Is this is a concern for Vanguard--"Two-Factor Authentication Might Not Keep You Safe"

I use my yubikey to lock down lastpass, and use a long long password for each site (and they're all different as well). I agree with "don't click on email links". Just go to the site and check.
by guitarman555
Sun Jan 06, 2019 10:49 am
Forum: Personal Investments
Topic: All the Vanguard funds I wanted are closed to new investors :(
Replies: 15
Views: 5656

Re: All the Vanguard funds I wanted are closed to new investors :(

I think the Vanguard funds you're looking for are still there, with different names. For instance, VTSMX is VTSAX. They used to be set up with investor shares at 3000 and Admiral shares at 10000, but now you can get the admiral shares at 3000. I know about VTSAX because I made the conversion a coupl...
by guitarman555
Tue Jan 01, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Lively HSA is now Fee Free
Replies: 15
Views: 1457

Re: Lively HSA is now Fee Free

I just started with Lively last year, but when I heard/read the news of Fidelity throwing their hat into the HSA ring, I started the transfer immediately. I feel bad for Lively, but I also wasn't that thrilled about the investment fees. I did set up the TD Ameritrade part, but never followed through...
by guitarman555
Mon Dec 24, 2018 4:49 pm
Forum: Personal Investments
Topic: Do I really need a separate EF? [Emergency Fund]
Replies: 26
Views: 1039

Re: Do I really need a separate EF?

Is the Vanguard settlement fund a good enough place to leave some emergency cash?
by guitarman555
Fri Dec 21, 2018 1:10 pm
Forum: Personal Investments
Topic: Another newbie investor who's feeling the pain and would like advice
Replies: 46
Views: 5886

Re: Another newbie investor who's feeling the pain and would like advice

Another newbie here, and an older than average newbie to boot. I’m just shrugging my shoulders and the first part of the year will load everything up again. I’ll keep from adding any new debt, keep some cash on hand for any emergencies and continue to shovel everything else I can into retirement and...
by guitarman555
Fri Dec 14, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5730

Re: Forgoing health insurance

I've thought about that too (not having health insurance), but the risks are just too great. All it would take is one big health event to basically ruin my life. It's expensive to have it, but I pay it though the business, so I get a tax deduction on the premium. I also started an HSA because I have...
by guitarman555
Mon Dec 10, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Guitar Players -CAGED system
Replies: 22
Views: 2428

Re: Guitar Players -CAGED system

To me, CAGED is just another way to visualize the fretboard. The CAGED Shapes work up and down the fretboard (when you're tuned to standard) because they're there, if that makes sense. If you chart out all of the C's in a C Chord, the A's in an A Chord, the G's in a G Chord, E's in an E Chord and D'...
by guitarman555
Fri Dec 07, 2018 12:49 pm
Forum: Personal Investments
Topic: Helping my mom (60yr) - looking for stability
Replies: 13
Views: 1332

Re: Helping my mom (60yr) - looking for stability

What about VBTLX? Wondering about that myself. It would be “relatively” safe and still outperform CD’s right?
by guitarman555
Tue Dec 04, 2018 9:32 am
Forum: Personal Investments
Topic: Home Down Payment - Where to Save?
Replies: 22
Views: 2393

Re: Home Down Payment - Where to Save?

CIT Bank has a "savings builder" money market account that's paying 2.25 percent if you either, maintain a 25k balance, or deposit 100 a month.
by guitarman555
Sun Dec 02, 2018 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA Debit Cards
Replies: 8
Views: 1140

Re: Fidelity HSA Debit Cards

Heck, as I understand it, you can keep the receipts for years and reimburse yourself somewhere in the distant future. Just pay your medical out of pocket (with a rewards credit card as mentioned earlier), and let the HSA build. Then it will be there when or if you really need it somewhere down the l...
by guitarman555
Sat Dec 01, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA Debit Cards
Replies: 8
Views: 1140

Re: Fidelity HSA Debit Cards

RickBoglehead wrote:
Sat Dec 01, 2018 8:54 pm
Pay with your cashback card, then reimburse yourself.
+1
by guitarman555
Fri Nov 30, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Saving Passwords w/Google & Online Fraud Protection
Replies: 8
Views: 1254

Re: Saving Passwords w/Google & Online Fraud Protection

I like and use Lastpass. I also "lock" it down with a yubikey. I feel fairly safe, who knows with the crazy world we live in?
by guitarman555
Sun Nov 25, 2018 8:04 pm
Forum: Investing - Theory, News & General
Topic: VTSAX vs. VTSMX [Vanguard Total Stock Admiral vs. Investor share class]
Replies: 5
Views: 1293

Re: VTSAX vs. VTSMX

It used to be VTSMX was the investor fund, you'd buy in for 3k. When you got to 10K, you'd get converted to the Admiral Shares VTSAX. Of course, with a 10k contribution you could just go directly to VTSAX. Last week I think it was, they changed VTSAX to 3k and eliminated VTSMX. Pretty cool!