Search found 135 matches

by Mullins
Mon Apr 06, 2020 4:22 pm
Forum: Personal Investments
Topic: Tips on how to stop checking finances too often?
Replies: 29
Views: 1445

Re: Tips on how to stop checking finances too often?

Maybe this'll work: Mark it on your calendar giving yourself a date to check your account. It may be knowing you have set dates you'll look could be enough to stop you from peeking at it as often.
by Mullins
Mon Apr 06, 2020 4:19 pm
Forum: Personal Investments
Topic: [Panicked and moved to cash. What to do next?]
Replies: 106
Views: 12716

Re: I am a Massive Loser

My guess is it's your "loser" self-perception that also acted as a driving force to make you amass one million.

So, here's the plan. You'll reinvest in a total stock market or S&P 500 ETF or fund, maybe DCA back in. And meantime, go and make another million on top of that.
by Mullins
Mon Mar 23, 2020 12:19 pm
Forum: Personal Investments
Topic: Tax-loss harvesting and cost basis (SpecID v. AvgCost)
Replies: 10
Views: 462

Re: Tax-loss harvesting and cost basis (SpecID v. AvgCost)

if you intend to sell less than the entire position, switch cost basis methods to spec id, then in a couple of days, after the change has been incorporated into your account, log back in and actually choose which shares to sell. If I'm not mistaken, then SpecID will apply only to shares purchased a...
by Mullins
Mon Mar 23, 2020 12:04 pm
Forum: Personal Investments
Topic: Tax-loss harvesting and cost basis (SpecID v. AvgCost)
Replies: 10
Views: 462

Re: Tax-loss harvesting and cost basis (SpecID v. AvgCost)

if you intend to sell less than the entire position, switch cost basis methods to spec id, then in a couple of days, after the change has been incorporated into your account, log back in and actually choose which shares to sell. If I'm not mistaken, then SpecID will apply only to shares purchased a...
by Mullins
Wed Mar 11, 2020 8:58 am
Forum: Personal Investments
Topic: Assuming taxation isn't an issue, can market timing beat buy & hold?
Replies: 15
Views: 1021

Re: Assuming taxation isn't an issue, can market timing beat buy & hold?

Now, in the past few weeks, using play money to day trade (index ETFs), I have made ~10% returns A few weeks worth of paper trading results will be misleading. Try paper trading for a minimum of one year. You'll not only have a more accurate idea of how your system works but then also you'll experi...
by Mullins
Thu Mar 05, 2020 10:44 am
Forum: Personal Investments
Topic: Market swings - 401k
Replies: 8
Views: 676

Re: Market swings - 401k

I notice also the wind's kicked up, it got cold outside, then we were getting pelted with rain and there were also some nice calm, warmer days.

But I didn't sell the house and buy a different one.
by Mullins
Thu Mar 05, 2020 10:38 am
Forum: Personal Investments
Topic: The 100% Stock Portfolio
Replies: 12
Views: 1548

Re: The 100% Stock Portfolio

I started investing in my early 30's as well. And the only thing I knew at that time was to buy stocks and stay in them until retirement. So I was 100% invested in stocks. Up markets, down markets, for the past 30 something years. In hindsight my advice would be, it's better to have that 100% be the...
by Mullins
Fri Feb 28, 2020 5:22 pm
Forum: Personal Investments
Topic: Will recovery be possible?
Replies: 41
Views: 4859

Re: Will recovery be possible?

Listen, young sir. If you were my 19 year old self, I'd first congratulate you on your savings and then I'd tell you, leave it where it is. You still own the same amount of shares. They'll go up and down in value over the years when someone sneezes let alone pandemics, news of war, economic horror s...
by Mullins
Thu Feb 27, 2020 8:07 am
Forum: Personal Investments
Topic: Tax Help
Replies: 10
Views: 1078

Re: Tax Help

1. I received a "consolidated form" from vanguard that includes 10-99b information. Should i be receiving a separate 10-99b or is the "consolidated form" considered that? Did you convert your account to a brokerage account in 2019? If so then the consolidated 1099 contains tax information since the...
by Mullins
Mon Feb 24, 2020 3:05 pm
Forum: Personal Investments
Topic: Market sell off
Replies: 55
Views: 7784

Re: Market sell off

We don't go by gut feelings of what may happen next, but by an intentional plan.

You may want to read what others are doing at this very moment:
https://bogleheads.org/forum/viewtopic. ... &start=100
by Mullins
Fri Jan 31, 2020 4:15 pm
Forum: Personal Investments
Topic: 3 Bucket Strategy
Replies: 33
Views: 3086

Re: 3 Bucket Strategy

Hello, I am interested in opinions on bucket strategies. The strategy that I am considering is putting 2 yrs expenses in cash, 8 yrs expenses in bonds, and the remainder in stocks. I do have a few questions about this strategy. When to implement the strategy? I am currently 3-4 yrs out from retirem...
by Mullins
Thu Jan 30, 2020 10:32 am
Forum: Personal Investments
Topic: Was Trailing Stop a bad idea in my Simple IRA?
Replies: 15
Views: 1077

Re: Was Trailing Stop a bad idea in my Simple IRA?

You beat me to it but good work! Trailing stops or any stops are just about guaranteed to take you out at a loss, dying a death of a thousand small cuts over time. Even when the trailing stop's set to where it still keeps profits, a sudden dive may exceed the profitable trailing stop point, transact...
by Mullins
Wed Jan 15, 2020 12:57 pm
Forum: Personal Investments
Topic: “Taking Profits” Question
Replies: 16
Views: 1110

Re: “Taking Profits” Question

In both cases, rebalancing and taking profits, aren't you just selling a portion of a position that has grown disproportionately to allocate to a trailing position? Some people make rebalancing a very formal sterile process by using rigid dates or percentages but the effect is the same you sell wha...
by Mullins
Sat Jan 11, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: Here's what I still don't get with AA
Replies: 48
Views: 4983

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

You have about a twenty year horizon until retirement to contribute to it. So right now and into the future your and most everyone's definition of "risk" and "lose money" means the equity value of your portfolio has fallen. For your circumstances and purposes, this I wouldn't consider as risk or los...
by Mullins
Sat Jan 11, 2020 10:29 am
Forum: Personal Investments
Topic: Wish me luck. I just had "the call" with my advisor to cut ties
Replies: 20
Views: 3424

Re: Wish me luck. I just had "the call" with my advisor to cut ties

I did say I was interested in continuing with these other investments if possible, he'll get back to me next week after he discusses with his partners if the overall lower portfolio balance they'd be working with is worth it to them. That sounds like he's doing what in sales is called a "takeaway."...
by Mullins
Fri Jan 10, 2020 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Quick Small Business Tax Question
Replies: 7
Views: 240

Re: Quick Small Business Tax Question

Sounds like some kind of income to me. Income reporting isn't contingent on the taxpayer having made a profit. You can have income and lose money but you still need to report income and expenses, right? This sounds like something you should ask a CPA. You purchased the assets and are deducting the b...
by Mullins
Fri Jan 10, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: Do captial gains protect against future downturns?
Replies: 5
Views: 638

Re: Do captial gains protect against future downturns?

So is there any advantage to holding an active fund that distributes significant capital gains over an index fund that does not?
Income, taxed at the more preferable zero to lower Cap Gains tax rates, perhaps?
Reinvesting, buys more shares, perhaps?
by Mullins
Wed Jan 08, 2020 9:43 pm
Forum: Personal Investments
Topic: Is it too much risk?
Replies: 12
Views: 1403

Re: Is it too much risk?

I have about $750000 in Non-retirement brokerage account (Fidelity). 80% in Total Stock Index fund and 20% in Total Intl Index fund. I got out of Bond Index fund couple of yrs ago to make it more tax efficient. Is my portfolio too risky moving forward? What's your age? And define what you mean by "...
by Mullins
Tue Jan 07, 2020 12:31 pm
Forum: Personal Investments
Topic: retirement investing question
Replies: 19
Views: 1888

Re: retirement investing question

I am 73, no debt, have about 1 million in cd's and 60k in vanguard wellington, wellesley, and vtsax. I am looking for a portfolio that would generate about 60k a year. I have never been in the market or investment and don't know much about them. I am looking for something that is fairly low risk. t...
by Mullins
Thu Jan 02, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Should I do a Roth conversion?]
Replies: 13
Views: 1980

Re: [Should I do a Roth conversion?]

Question: Am I correct in assuming a conversion from a mutual fund in a tIRA to the same fund in a Roth doesn't involve or concern wash sale rules?
by Mullins
Tue Dec 31, 2019 8:11 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1487
Views: 198198

Re: Post your Financial Milestone Announcements Here

This year: Mortgage paid off. Recently celebrated my 65th birthday and so as a consequence, gone also are the large monthly health insurance premiums. Had a banner year in my business. And then last month, I retired. Managed to save more this year than anticipated plus with the market returns ending...
by Mullins
Tue Dec 31, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: The Death of The Stretch IRA
Replies: 153
Views: 11096

Re: The Death of The Stretch IRA

On the bright side, Ed Slott's IRA books are now on sale 99% off.
by Mullins
Tue Dec 31, 2019 2:36 pm
Forum: Personal Investments
Topic: Vanguard website down: another example of the lack of good tech at Vanguard
Replies: 93
Views: 5471

Re: Vanguard website down: another example of the lack of good tech at Vanguard

All the year end users and whatnot probably causing server issues and to their credit, Vanguard is on top of it.
by Mullins
Tue Dec 31, 2019 11:54 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 445
Views: 115761

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

The old lady with her late husband stored in the freezer story... the husband had notarized a letter exculpating his wife regarding his death. He was terminally ill. Reading between the lines, it seems to me he concocted this plan to keep benefits coming in past his death out of concern for his wife...
by Mullins
Sun Dec 29, 2019 1:21 pm
Forum: Personal Investments
Topic: Delay SS or Have a Higher Portfolio Balance
Replies: 11
Views: 1088

Delay SS or Have a Higher Portfolio Balance

The interesting thing is the common wisdom says to wait until 70 to take SS, the advantage being its maximum payment. And doing that would yield me 32% more if I delay starting at my FRA (age 66) and wait until 70. Thing is, in calculating my living expenses going forward, accounting for inflation a...
by Mullins
Sun Dec 29, 2019 1:07 pm
Forum: Personal Investments
Topic: Bond allocation
Replies: 8
Views: 510

Re: Bond allocation

I'm retired and am 68. Small pension and not taking social security until 70. About 1.2m in stocks, mostly index funds and 750k in money mkt at about 2% with Vanguard.I keep hearing about 100-age for stocks, but bond yields are so low and it seems interest rates will likely rise devaluing bonds fur...
by Mullins
Sat Dec 28, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: Investing at an early age vs late theory
Replies: 60
Views: 3806

Re: Investing at an early age vs late theory

My simple brain merely reasons, "well, if I were 25 and accumulated investments, and then let that ride 25 years, I think I'd end up with more money than if I simply only started in the last 25 years." So, yes, the younger the better because of the element of longer time available in which (we hope)...
by Mullins
Sat Dec 28, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend $$ on yourself?
Replies: 108
Views: 12349

Re: How do you spend $$ on yourself?

However, I feel I am not spending enough on myself. Feelings are not facts. I wouldn't necessarily go about how I feel, when I can track actual numbers. How do you budget spending on yourself? Sometimes I’m afraid of having too much of a good time because I don’t want to make it a habit lol. Let me...
by Mullins
Sat Dec 28, 2019 8:55 am
Forum: Personal Investments
Topic: Can I invest too much in tax advantaged retirement accounts?
Replies: 6
Views: 1224

Re: Can I invest too much in tax advantaged retirement accounts?

My financial goal is the ability to be financially independent by my mid-late 40's and potentially semi-retire or switch to a career where I can make my own schedule. With that in mind it is important to me that I have the ability to easily access some of my investments if necessary in my 40's and ...
by Mullins
Fri Dec 27, 2019 4:57 pm
Forum: Personal Investments
Topic: Ok so I think I have a plan after a month of learning investing
Replies: 134
Views: 6721

Re: When can I transfer $6k to ROTH for 2020?

I always lump summed near the beginning of the year. In lean years I'd make contributions throughout the year based on ability.
by Mullins
Fri Dec 27, 2019 4:50 pm
Forum: Personal Investments
Topic: Need help realizing a goal to my first million dollars
Replies: 27
Views: 1779

Re: Need help realizing a goal to my first million dollars

You're on track and realizing you're on track, you want to know how to gauge zeroing in on this enticing milestone event. I get it. You know it's going to depend on how much you put away and what happens during the time the funds are invested. And after that point, it will still have to do with what...
by Mullins
Mon Dec 23, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: What is the rationale for cash in your portfolio?
Replies: 130
Views: 9809

Re: What is the rationale for cash in your portfolio?

"Privately, wealthy people like to hoard cash, as well. A 2019 Capgemini World Wealth report released found that people with at least $1 million in investable assets kept nearly 28% of their portfolio in cash. If (or when) the economy enters another recession, those cash reserves will allow these w...
by Mullins
Mon Dec 23, 2019 3:42 pm
Forum: Personal Investments
Topic: Planning around new Stretch IRA rules...
Replies: 24
Views: 1912

Re: Planning around new Stretch IRA rules...

According to the new law, you'll have ten years upon inheriting a traditional IRA to pay all the taxes due on it. To my perhaps yet unclear understanding of this new bill there would not be anything which can be done on your end about that. That IRA distribution, whether all at once or divided up ov...
by Mullins
Mon Dec 23, 2019 2:42 pm
Forum: Personal Investments
Topic: Question on 4% withdraw rate
Replies: 21
Views: 2252

Re: Question on 4% withdraw rate

Sorry if answered already or overthinking this, but If I have $1 million in my accounts... is the annual 4% "safe withdraw" rate applied to the $1 million overall balance($40,000)? Yes. And do not confuse that with "From which account do I draw from or should I draw from them all equally, or what?"...
by Mullins
Wed Dec 04, 2019 11:20 am
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10643

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

You can't make use of market movements without assuming that the market is predictable, or time-able, to some extent. If you assume that the market is fully unpredictable, a constant exposure strategy is provably better than a bucket strategy. In fact, it is the best predetermined strategy possible...
by Mullins
Tue Dec 03, 2019 2:16 pm
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10643

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

You might want to read up on Spitzer & Singh, James B. Cloonan and Michael McClung, who though their topic is retirement, your scenario of being unemployed kind of describes the same, so I think it's their overall portfolio strategy which may interest you. Basically what they have in common is the ...
by Mullins
Sat Nov 30, 2019 11:32 am
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10643

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

I was discussing this topic with a friend today. I might be walking well-tread ground but I guess many topics are recycled here. Anyway I have 3 buckets 1 year of living expenses in cash (actually Vanguard Short Term Corporate Bonds which I consider cash equivalent) 2 year bonds. Specifically Vangu...
by Mullins
Sat Nov 30, 2019 11:07 am
Forum: Personal Consumer Issues
Topic: Camera Question
Replies: 69
Views: 3025

Re: Camera Question

B&H and Adorama. Have purchased many times over the years through these two. I've also had good experiences also with some others. Who to not deal with would be the price-sounds-too-good-to-be-true sites. You place an order and typically they'll tell you that you have to call to complete the order. ...
by Mullins
Thu Nov 28, 2019 6:15 pm
Forum: Personal Investments
Topic: New Investor Seeking Financial Advice, Uncertain What Financial Services Would Be Right For Me
Replies: 37
Views: 2314

Re: New Investor Seeking Financial Advice, Uncertain What Financial Services Would Be Right For Me

we were all 25 years old at one time (maybe in the distant past) and didn't know anything at all about investing. Each of us has gone through a learning exercise of some type to get us to where we are today. Most all of us have made mistakes along the way - and some of the mistakes were pretty majo...
by Mullins
Wed Nov 27, 2019 1:47 pm
Forum: Personal Investments
Topic: So I had my free phone call from Personal Capital . . .
Replies: 27
Views: 4305

Re: So I had my free phone call from Personal Capital . . .

when your net worth passes the $1M mark (or at least I think that's the trigger point), Personal Capital schedules a free phone call to provide a portfolio review and make recommendations to presumably offer their services. Not just presumably. So, in marketing, this specifying of who the ad is for...
by Mullins
Tue Nov 26, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Medicare: Just Starting Down The Rabbit Hole
Replies: 53
Views: 4418

Re: Medicare: Just Starting Down The Rabbit Hole

If a Part C plan = A + B, why do you need to sign up for A & B? So you're paying a premium for A+B AND Part C (even tho C appears to, at least some extent, overlap A+B)? Why? "Part C" is only what they refer to Medicare Advantage Plans as, it's not actually a part of Medicare. Those plans are offer...
by Mullins
Tue Nov 26, 2019 8:20 am
Forum: Personal Investments
Topic: Retired Mother Came Into Money And Is Scared To Lose Any Of It
Replies: 29
Views: 3579

Re: Retired Mother Came Into Money And Is Scared To Lose Any Of It

The real risk for your mom isn't that a stock fund fluctuates in value, as volatility is normal, her risk is in running out of money. At 61, she could live to a ripe old age. Inflation is like high blood pressure, you don't see visible signs of it when looking at the cash balance but it is losing pu...
by Mullins
Mon Nov 25, 2019 9:08 am
Forum: Personal Investments
Topic: Managed to gain over $1M - Need advice on Investing
Replies: 23
Views: 5099

Re: Managed to gain over $1M - Need advice on Investing

"will likely use a large portion of it for a downpayment" $1m is a heck of a lot to park into a house... assuming that "downpayment" you mean on a primary home, not something else. The beauty of real estate is that you can leverage the amount you place down on it. Not so much on a primary home, but ...
by Mullins
Thu Nov 21, 2019 12:26 pm
Forum: Personal Investments
Topic: Dollar Cost Averaging or: how I learned to stop worrying and love the Lump Sum
Replies: 38
Views: 3522

Re: Dollar Cost Averaging or: how I learned to stop worrying and love the Lump Sum

Storytime. I keep hearing about how DCA "reduces risk" or "minimizes regret", but it doesn't. Allow my personal story to demonstrate a scenario... I had two options: 1. Dollar cost average out 2. Lump sum out I chose option 2... a couple weeks later, my little tech IPO unicorn had an earnings call....
by Mullins
Thu Nov 21, 2019 12:19 pm
Forum: Personal Investments
Topic: Do you keep deposting money into IRA while "market crashes"?
Replies: 44
Views: 4532

Re: Do you keep deposting money into IRA while "market crashes"?

I do. If you believe with full faith and confidence the market will recover someday, not only that but go on to new highs, then a current down market is a buying opportunity.

If you don't believe the market will ever recover and go on to newer highs, then why are you in the market?
by Mullins
Wed Nov 20, 2019 7:42 pm
Forum: Personal Investments
Topic: Rebalance now or wait until January?
Replies: 11
Views: 1084

Re: Rebalance now or wait until January?

Wouldn't re-balancing that soon after distributions possibly incur some short term, ordinary taxable liability?
by Mullins
Wed Nov 20, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Car negotiation question
Replies: 52
Views: 4768

Re: Car negotiation question

So, this is how some dealerships operate. The goal of the "internet" dept., comprised of the sales people who answer the phone taking price inquiries, is simply this: to get you in and hand you over to a sales person. The quoted price is designed to do just that, they know if you shop that price aro...
by Mullins
Tue Nov 19, 2019 6:22 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet says NOT to diversify?
Replies: 37
Views: 5347

Re: Warren Buffet says NOT to diversify?

Mr. Buffet has his skills. Most other people don't. Consider he intends to leave his wife with a couple of index funds.
by Mullins
Fri Nov 15, 2019 10:14 am
Forum: Personal Investments
Topic: Which SS strategy makes more sense?
Replies: 24
Views: 2107

Re: Which SS strategy makes more sense?

To help me decide I also looked at the dollar amount I'd have to self-fund if delaying my SS until 70, and further noted it wouldn't be until I'm 82 that I break-even, but what really grabbed me was that it wouldn't be until 95+ that I'd maybe match what I estimate I might have gained on the savings...
by Mullins
Thu Nov 14, 2019 5:50 pm
Forum: Personal Investments
Topic: Tax advisor
Replies: 13
Views: 1365

Re: Tax advisor

What are the circumstances that make you think this?