Search found 258 matches

by Cyanide123
Sat Jul 04, 2020 8:51 am
Forum: Investing - Theory, News & General
Topic: Is Axos Invest in violation of False advertisement Laws?
Replies: 2
Views: 274

Re: Is Axos Invest in violation of False advertisement Laws?

I’m curious about this as well. I pulled my money out of Axos because of this switch. Yeah I'm kinda bummed I'll have to manually do a 3 fund portfolio now in my taxable account. Axos made everything so easy, and i was perfectly willing to pay their $20/mo every now and then when the market decline...
by Cyanide123
Sat Jul 04, 2020 8:15 am
Forum: Investing - Theory, News & General
Topic: Is Axos Invest in violation of False advertisement Laws?
Replies: 2
Views: 274

Is Axos Invest in violation of False advertisement Laws?

Axos invest (formerly wisebunyan) provided automated portfolio management for free with added services that could be purchased ala carte. The following comes from their own website: "We are the world’s only financial firm to solely earn money from a la carté packages designed to provide demonstrable...
by Cyanide123
Fri Jul 03, 2020 7:47 pm
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

re Wealthfront shifts that may derail an investor's goals Go to Wealthfront.com and find stock level tax loss harvesting, click learn more from there you can read a little blurb and find the link to read their stock level tax loss harvesting white paper click that link and the first paragraph of th...
by Cyanide123
Fri Jul 03, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 132
Views: 10920

Re: Hopeless Civil Engineer

The best option for op is either find a new job, as that itself will increase income, or do an mba and go consulting route, or consider an M.D. It's fine to suggest the physician route, but let's set realistic expectations. 1. OP is 10 years out from CE degree... so let's say 32 YOA. Medical School...
by Cyanide123
Thu Jul 02, 2020 4:32 pm
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

1) 0.25% fee by wealthfront. Eventually with a large portfolio this will be a large amount ... 4) $3000 limit on capital loss deduction against ordinary income. 5) TLH is essentially tax deferral - Eventually resulting in a lower cost basis with eventually a higher tax bill. This bit of analysis is...
by Cyanide123
Thu Jul 02, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 132
Views: 10920

Re: Hopeless Civil Engineer

Hi guys, I went to college for Civil Engineering thinking that I'd be making good money, but i'm 10 years in the consulting business and I'm still only making 70-80k and that's after joining the top civil engineering firm in my industry. I thought about going back to school to get a degree like law...
by Cyanide123
Thu Jul 02, 2020 7:29 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

I think this is the great big one. Otherwise, it just falls in the great grey zone of "maybe." Yes it will suck if you decided to get out of wealthfront - but why should you (unless they change their fee structure dramatically)? Wealthfront's turbulent past and cloudy future should factor into your...
by Cyanide123
Thu Jul 02, 2020 6:39 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

Regardless, at some point taxes needed to be paid on those gains anyway. Whether today or tomorrow, eventually the tax man always gets his cut. Not necessarily. You may end up donating appreciated assets to charity, like many here do. You may end up passing them on to your heirs when you pass on. U...
by Cyanide123
Thu Jul 02, 2020 6:10 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

What is the risk that you do this for a few years, build up significant capital gains, and Wealthfront decides to raise the fees to .5% or higher? Or goes out of business and sells your account to another firm that does the same thing? What are the chances that you'll ever need more than 100k of bo...
by Cyanide123
Thu Jul 02, 2020 6:03 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

Have you tracked the performance of your Wealthfront account? I mean actually calculated it not just looking at the returns they show on your dashboard. I have an account there that has grown to 6 figures and every year it lags the S&P, even taking into consideration the TLH benefit. I know that is...
by Cyanide123
Thu Jul 02, 2020 5:47 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

What is the risk that you do this for a few years, build up significant capital gains, and Wealthfront decides to raise the fees to .5% or higher? Or goes out of business and sells your account to another firm that does the same thing? What are the chances that you'll ever need more than 100k of bo...
by Cyanide123
Thu Jul 02, 2020 5:44 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

StevieG72 wrote:
Thu Jul 02, 2020 5:26 am
Once you have a 1 million dollar portfolio you will be paying $2500 to potentially TLH $3,000 for the year.
$3000 against ordinary income. But can be used to offset capital gains from other sources of capital gains which per much no one is taking into account.
by Cyanide123
Thu Jul 02, 2020 5:42 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

I think the people who find Bogleheads are, to put it bluntly, the top 1% if efficient investors. I don’t mean that in tax efficiency alone, or behavior alone, I simply mean that they get more out of the least amount of work than 99% if investors. Even the “active” ones, the tilters, the ones who u...
by Cyanide123
Thu Jul 02, 2020 3:39 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

I would not do it and while I do not consider us high net worth individuals we have decent after tax investments and are in a high tax bracket. It was very easy to create tax losses with the couple last downturns. I used the Covid down turn to load up for another 15+ years of tax losses. We do not ...
by Cyanide123
Thu Jul 02, 2020 2:07 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Re: Is wealthfront Stock Level investing under appreciated by Boglehead community?

I think there is something to be said for what Wealthfront is trying to do here. If done right, you should about match the Index in performance while harvesting capital losses. As I understand this, over time you raise the tax basis or the cost of the portfolio over time so that you don't have a gi...
by Cyanide123
Thu Jul 02, 2020 12:39 am
Forum: Personal Investments
Topic: Axos (previously wisebanyan) no longer free - now charging 0.24% fee
Replies: 7
Views: 700

Re: Axos (previously wisebanyan) now charging fees?

Hi Broszy, Thank you for the post and noticing that fee! It is not at all clear from the form who it applies to. Intentionally vague? It sounds really sneaky and suspicious though. Could it be true that only the "legacy members" or first customers got lumped into a special group of semi-managed por...
by Cyanide123
Thu Jul 02, 2020 12:33 am
Forum: Personal Investments
Topic: Axos (previously wisebanyan) no longer free - now charging 0.24% fee
Replies: 7
Views: 700

Re: Axos (previously wisebanyan) no longer free - now charging 0.24% fee

"The world's first free financial advisor" breaks its own motto, starts charging a fee. The rationale for this 0.24% "advisory fee" is that customers can now use their premium services (tax loss harvesting, faster deposits, additional investment protects). I would rather have more money in my accou...
by Cyanide123
Thu Jul 02, 2020 12:21 am
Forum: Personal Investments
Topic: Is wealthfront Stock Level investing under appreciated by Boglehead community?
Replies: 47
Views: 2795

Is wealthfront Stock Level investing under appreciated by Boglehead community?

I'm in the process of figuring out exactly what I want to do with my personal broker account and have been reading a lot of forum posts regarding the horrors of getting out of the 500+ individual stocks that wealthfront individual stock level harvesting will place a person in. The more I think about...
by Cyanide123
Sun Jun 28, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 159
Views: 9505

Re: Which College degrees are worthwhile?

alex123711 wrote:
Fri Jun 26, 2020 10:26 pm
Which degrees are still worthwhile/ likely to lead to employment these days?
Engineering and computer science only.

Unless you plan on further education later down the road.
by Cyanide123
Sun Jun 28, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Hopeless Civil Engineer
Replies: 132
Views: 10920

Re: Hopeless Civil Engineer

Hi guys, I went to college for Civil Engineering thinking that I'd be making good money, but i'm 10 years in the consulting business and I'm still only making 70-80k and that's after joining the top civil engineering firm in my industry. I thought about going back to school to get a degree like law...
by Cyanide123
Sat Jun 06, 2020 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2325

Re: How to remind my wife to ask her father for 6.5k that they owe?

I think my wife will be upset if i bring it up -_- You think or you know. Did you talk to your wife about it. Seems very simple to me. $6650 is chump change and your FIL forgot or he also expects that it is chump change to you as well. Waiting several months or years is no big deal. He would be emb...
by Cyanide123
Sat Jun 06, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2325

Re: How to remind my wife to ask her father for 6.5k that they owe?

I disagree with most replies. This was not intended as a gift nor loan, but more a favor of convenience. Think of it this way, you may have set an expectation for future payment issues. Set correct expectations. I think you absolutely should ask for the repayment if not received. Issue is when and ...
by Cyanide123
Sat Jun 06, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2325

Re: How to remind my wife to ask her father for 6.5k that they owe?

Op, I don't think you will lose your money. There are people in different culturals who appreciate for what people do for them and will pay you back every cent they owe. Just give them time. By the way, $6.5k will not make you broke. Happy wife, happy life. I have lent people money several times bu...
by Cyanide123
Sat Jun 06, 2020 2:25 am
Forum: Personal Finance (Not Investing)
Topic: How to remind my wife to ask her father for 6.5k that they owe?
Replies: 18
Views: 2325

How to remind my wife to ask her father for 6.5k that they owe?

My father in law is in Pakistan. My sister in law is doing her masters in the US. Her tuition for half the semester was due $6650, i paid it mostly as a convenience for her family as it's harder to move money from Pakistan to pay tuition here. The last time i did that, my wife's parents were visitin...
by Cyanide123
Sat May 30, 2020 10:10 am
Forum: Personal Investments
Topic: M1 or SoFi Customer Service
Replies: 28
Views: 995

Re: M1 or SoFi Customer Service

I've done semi-monthly automatic mutual fund purchases for 20 years, and would like to start doing that with ETFs. None of the brokerages I use (Vanguard, Fidelity, TDA, Chase) support that. The only way that I've found is through M1 or SoFi. M1 is currently running a promo with up to $2500 transfe...
by Cyanide123
Fri May 29, 2020 2:53 am
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 124
Views: 8710

Re: 16 Weeks Paternity Leave

You will need every bit of that time, but will frankly you will also do insane. My wife took 3 months and i just got done with a month off. My month off was due to our day care closing and us not having any childcare options since wife couldn't take any more time off. It was miserable. We have a col...
by Cyanide123
Fri May 29, 2020 1:55 am
Forum: Personal Investments
Topic: Is Vanguard's Personal Advisor Service Worth It???
Replies: 138
Views: 10769

Re: Is Vanguard's Personal Advisor Service Worth It???

Hello, I have 150k and 80k in a rollover IRA and brokerage account respectively. The money is managed by a financial advisor affiliated with LPL financial. The advisory fee is 1.25 % and the yearly account maintenance fee is $40.0. Since inception in 2017, I have paid over 7k in fees. However, I ha...
by Cyanide123
Fri May 29, 2020 1:53 am
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 4960

Re: Overpay for the home we love?

Current rent: 2500 Expected time in this town:3-4 more years Do I want to be a landlord: Yes There is a nearby military base, yes. Unfortunately I am going through the rental agent so she is charging a 4% fee rather than the 3%. Maybe I can request her to reduce it to 3%. The home is new built in 2...
by Cyanide123
Fri May 29, 2020 1:39 am
Forum: Personal Finance (Not Investing)
Topic: mortgage rates
Replies: 27
Views: 2804

Re: mortgage rates

I haven't looked too deeply into this since i will be buying a home about 2 years from now. But one of the things I've thought about has been using one of my personal broker accounts at m1 finance to borrow against. This will be 0 fee and at 2 percent interest if i pay the 99/year cost of m1 plus. T...
by Cyanide123
Thu May 28, 2020 4:04 am
Forum: Personal Investments
Topic: If not 3 fund, whats your strategy ?
Replies: 66
Views: 4376

Re: If not 3 fund, whats your strategy ?

All retirement accounts are Target funds. Which are technically 3 fund portfolio in themselves.

The post tax personal accounts are vti, vxus and a mix of BND and vteb
by Cyanide123
Thu May 28, 2020 2:49 am
Forum: Personal Finance (Not Investing)
Topic: Etrade solo 401k automation of employer contribution
Replies: 2
Views: 240

Etrade solo 401k automation of employer contribution

Hey everyone So i had my etrade solo 401k set up. Kind of disappointed that their transfer section only allows you to transfer up to employee limits of 19.5k. And anytime i made an employer contribution, i have to contact them and tell them to count it as employer contribution. This makes the proces...
by Cyanide123
Thu May 28, 2020 2:41 am
Forum: Personal Finance (Not Investing)
Topic: Can we offer special discount to thank/honor medical professionals?
Replies: 11
Views: 1443

Re: Can we offer special discount to thank/honor medical professionals?

We have a property that is up for rent. Can we offer special discount to thank/honor medical professionals during this crisis? Before we post the ad, want to make sure we are not violating any fair housing laws etc. Thanks. Dieharddoc When i signed my lease last year, due to my job, i was in the pr...
by Cyanide123
Tue May 26, 2020 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Financial advice for undertaking a PhD
Replies: 47
Views: 3155

Re: Financial advice for undertaking a PhD

I've always thought of a phd as one of the worst financial decisions with a huge opportunity cost. The upside is not enough from a strictly financial perspective. If interested in going into academia, the great unknown is how many post docs will be needed before landing an academic spot. Personally ...
by Cyanide123
Thu May 21, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: At 30, what are some key financial milestones I should have hit?
Replies: 51
Views: 4497

Re: At 30, what are some key financial milestones I should have hit?

Read The Millionaire Next Door. There is part that discusses net worth relative to your income essentially. There is a formula with it that escapes me, but the idea is that high income people who over consume may appear to be wealthy, while lower income people who spend and save wisely are actually...
by Cyanide123
Wed May 20, 2020 4:28 am
Forum: Personal Finance (Not Investing)
Topic: Student debt vs investing
Replies: 37
Views: 2014

Re: Student debt vs investing

I was in a similar situation about a year ago. I paid off 195k in about a year and I'm glad i did that. In hindsight, the markets feel and now i have a better buying opportunity. But really if my salary is decreased due to the pandemic or anything catastrophic happens, at least i don't have a 195k d...
by Cyanide123
Sat May 16, 2020 8:02 am
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2511

Re: Stop me from market timing!

OP, There's over 100 vaccines currently in some stage of development, with 8 already in either Phase 1 or 2 human trials. Even if it's unlikely we'll see a fully tested/approved vaccine in widespread use in CY2020, it's quite likely we'll at least be getting some positive news tidbits on this front...
by Cyanide123
Sat May 16, 2020 2:21 am
Forum: Personal Investments
Topic: Stop me from market timing!
Replies: 36
Views: 2511

Re: Stop me from market timing!

OP, There's over 100 vaccines currently in some stage of development, with 8 already in either Phase 1 or 2 human trials. Even if it's unlikely we'll see a fully tested/approved vaccine in widespread use in CY2020, it's quite likely we'll at least be getting some positive news tidbits on this front...
by Cyanide123
Mon May 11, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

3) N95 does not make you invulnerable. Unless you are wearing a hazmat suit under biosafety level 4 protocols, you are not protected 100%. You know that the virus is like 125nm. The N95 mask is only 95% efficient against particles of size 300nm. So the virus can get through. This is why i use the p...
by Cyanide123
Mon May 11, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

20 N-95 milwaukee brand masks with exhalation filter - US company, 3M was out, but they still had supplies in April since they are not well known. Very high quality masks actually. More comfortable and better seal than the 3M N95 masks given to me at work. $3 per mask. $60 for 20. As a lark, just w...
by Cyanide123
Mon May 11, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

No medical advice, but just a comment- a surgical mask is probably no better than a home made cloth mask. A surgical mask just covers the mouth so that we don't breath on the incision. It does not protect the provider from the patient. Only an N95 mask does that. So- there really is no concern abou...
by Cyanide123
Mon May 11, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

Because I wear a surgical mask and I request that all people I come in contact with do the same. Where is the general public suppose to get surgical masks that are genuine and not price gouging? The only masks I have are cloth masks. Better than nothing. worthwhile reading about the risks https://w...
by Cyanide123
Mon May 11, 2020 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

Extremely lethal viruses are not as transmittable as a general rule - people get sick and fast and essentially die before giving it to others. So mostly if any widespread mutation will spread, it will likely be less dangerous. By the time any vaccine will be ready, most of the damage will already h...
by Cyanide123
Sun May 10, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

What kind of environment would you be working in when you return to work ? Something very safe or somewhat risky in terms of the virus ? Seems since you aren't able to work now, your field might be one that you cannot safely return to until a vaccine is developed ? We never developed a vaccine for ...
by Cyanide123
Sun May 10, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

A bit more information : My job requires me to be in a setting where I will have contact with the public indoors. I could practice social distancing on the job and be effective at what I do, but I worry about other people not following the rules, using the onsite public restroom, and possible aeros...
by Cyanide123
Sun May 10, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6303

Re: Retirement due to COVID 19 ?

Greeting All, I am considering retiring earlier than planned due to the COVID19 pandemic. My employer is paying me via PPP about 75% of my salary for the next 8 weeks even though I am not currently working. After that he can ask me to return ( mid-June) . I am fearful that it would not be safe yet ...
by Cyanide123
Sun May 10, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Is my CPA overcharging me?
Replies: 24
Views: 3202

Re: Is my CPA overcharging me?

My CPA charged me $1725 to take care of my personal as well as S corp taxes. They did all federal, state, local taxes for me in that price. They also charge me $50/mo for monthly payroll services for my s-corp taxes. Included in this price is all correspondence essentially. I have found myself to as...
by Cyanide123
Wed May 06, 2020 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance Carriers
Replies: 6
Views: 692

Re: Umbrella Insurance Carriers

I have geico. Pretty reasonable price.
by Cyanide123
Sat May 02, 2020 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Success
Replies: 9
Views: 999

Re: Chase PPP Success

I got mine approved April 30th. Application was april 9th
by Cyanide123
Fri May 01, 2020 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3820

Re: PPP Loan ethics

Is the $15k salary per year? If so, you should already have an ethical issue. What is unethical about this? It's not unethical, it's illegal. IRS guidelines state that you have to pay yourself a reasonable salary. Which is why it's 15k monthly and not annually, which according to my accountant is r...