Search found 19 matches

by Mullins
Sun Jun 16, 2019 2:05 pm
Forum: Personal Investments
Topic: What do you think about Vanguard Growth Index Fund for a 22-year-old?
Replies: 36
Views: 3171

Re: What do you think about Vanguard Growth Index Fund for a 22-year-old?

I would add to the existing positions. Companies poised as growth opportunities are just that which it seems to me that this means it's more like a spec play than a certainty.
by Mullins
Sun Jun 16, 2019 2:02 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4276

Re: Selling Business for 2.5 Million - Where to go NEXT?

May I ask why you chose to not hire staff to handle the job functions so that you could continue to create income and free yourselves up in that way?
by Mullins
Sun Jun 16, 2019 1:59 pm
Forum: Personal Investments
Topic: Professional in NYC - trying to figure out investment strategy
Replies: 23
Views: 2996

Re: Professional in NYC - trying to figure out investment strategy

In hindsight, my advice would be, the most important thing is to invest every dollar you can. Cover your bills, allocate some cash and have some fun money and anything left over gets invested. Tax-advantaged, taxable accounts, go for it. I wouldn't let tax consequences have more sway than they warra...
by Mullins
Sun Jun 16, 2019 1:50 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 50
Views: 4852

Re: Should I invest 100k into a total index or do it slowly

I've personally found lump sum works in my favor over the long term. I detached myself from the amount I'm investing, meaning I realized some people for example may feel $10,000 is much to much to lump sum invest yet there's someone else who may feel their $100,000 is too much and decides $10,000 a ...
by Mullins
Thu Jun 13, 2019 12:11 pm
Forum: Personal Investments
Topic: Rebalance question
Replies: 9
Views: 932

Re: Rebalance question

If I were to decide tomorrow to rebalance and spread that 22% elsewhere, is that unwise? Do I need to make sure the company stocks are up before I do that? You're giving in to what psychologists call “sunk-cost bias.” You're concerned about selling the company stock because at the moment it’s alrea...
by Mullins
Thu Jun 13, 2019 11:42 am
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 81
Views: 8559

Re: High net worth individual seeks portfolio advice

I understand the old advice "don't try to time the market" in general, but there are certain times where that would seem to be the exception such as when you're in the longest running bull market in history. Being that the average bull market has historically only lasted 4.5 years Everything you sa...
by Mullins
Sun Jun 09, 2019 1:15 pm
Forum: Personal Investments
Topic: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?
Replies: 5
Views: 955

Re: How to protect your IRA, 401k, savings in Retirement??? - Trust Fund?

Shared my investment strategy with someone and they were like ... yea, yea, that's great, better have it all in a Trust Fund or you medical bills will eat it all alive. Thoughts? Thank you. My thought is, one of ways people think is in terms of absolute all-or-nothing extremes. "OMG, whattaya gonna...
by Mullins
Fri May 31, 2019 3:14 pm
Forum: Personal Investments
Topic: Should I buy a house now in full or do something else with my money?
Replies: 12
Views: 1263

Re: Should I buy a house now in full or do something else with my money?

I want to live here in the Phoenix, AZ area for a very long time (over 10 years) What are the plans after ten years? No one knows if you'll be up or upside down in the eleventh year and so on going forward so depending on your plans would today's decision have hardly any impact then or does that ne...
by Mullins
Thu May 16, 2019 7:00 pm
Forum: Personal Investments
Topic: Elderly Parent with Whole Life Insurance
Replies: 21
Views: 1560

Re: Elderly Parent with Whole Life Insurance

Like I said, I don't know why someone retired would want to pass on exactly $500k or whatever amount when they passed At the time back when the policy was issued, I believe it was because estate tax rates would've taken $500K so because she preferred the heirs have it instead, the insurance seemed ...
by Mullins
Wed May 15, 2019 1:51 pm
Forum: Personal Investments
Topic: Elderly Parent with Whole Life Insurance
Replies: 21
Views: 1560

Re: Elderly Parent with Whole Life Insurance

No, my point is that they WAY overpaid for a life insurance product and they would have been far better to have done just about anything else (buy term, invest the difference). Their estate would have far more money if they didn't buy this WL product and done what is always recommended by anyone in...
by Mullins
Wed May 15, 2019 1:46 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?

tomtoms wrote:
Wed May 15, 2019 11:57 am
When is time more important than money?
Time is actually always more important than money because time is finite, money is not. But it's not always perceived as more important by everyone.
by Mullins
Wed May 15, 2019 12:57 pm
Forum: Personal Investments
Topic: Elderly Parent with Whole Life Insurance
Replies: 21
Views: 1560

Re: Elderly Parent with Whole Life Insurance

The numbers seen odd to me. 15 years inforce, 15k yrly premium yet "only" 46k in surrender value? I thought the same. But she had checked twice and confirmed that's the number. But man, what a horrible scam of a product and this is just a perfect example of how bad they are. It's really too bad whe...
by Mullins
Wed May 15, 2019 11:21 am
Forum: Personal Investments
Topic: Elderly Parent with Whole Life Insurance
Replies: 21
Views: 1560

Elderly Parent with Whole Life Insurance

About fifteen years ago my mother bought a whole life insurance policy with a $500K death benefit. This was to cover then-estate tax situations if mom were to pass and/or leave a little something for me and my sibling. Well, happily my mom's now in her early 90's and now-current estate tax rates no ...
by Mullins
Wed May 15, 2019 11:04 am
Forum: Personal Investments
Topic: What does a retirement account look like for a young person who is risk tolerant?
Replies: 4
Views: 512

Re: What does a retirement account look like for a young person who is risk tolerant?

I have about $2500 in my brokerage (Schwab) account right now that I am unsure what to do with. About $1600 is tied up in my company stock but I would like to sell and diversify. Long term, I would like the account to serve as a slightly more risky retirement account than my 401K. I think the highe...
by Mullins
Sun May 12, 2019 10:02 am
Forum: Personal Investments
Topic: Moving a lump of cash into Stocks/Bonds over time or all at once
Replies: 14
Views: 1302

Re: Moving a lump of cash into Stocks/Bonds over time or all at once

When I first learned about DCA and did so for a while, it was really because that's all I could contribute each time. For illustrative purposes, let's say that amount was $100 a month. When I was able to contribute more, the DCA amount got larger. Let's say that amount was $1,000 a month. Eventually...
by Mullins
Sat May 11, 2019 11:12 am
Forum: Personal Investments
Topic: Should I invest non-retirement non-emergency money?
Replies: 11
Views: 1423

Re: Should I invest non-retirement non-emergency money?

what i should invest in, if I have this taxable account. If my reading has been correct, the VG Total stock market fund might be my best option. Do people agree? Only if you think it has a good chance for any gains and dividends to grow handsomely by the time you want to withdraw the funds. Or is i...
by Mullins
Sat May 11, 2019 10:52 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 13923

Re: Help my broker is trying to freak me out

If I'm thinking correctly, if your broker has you in U.S. stocks and claims you'd be getting in at the top of the market, then doesn't that mean he believes there's no where to go now but down, not up? And so, wouldn't he, as a good broker believing the markets are at their tops and won't be going h...
by Mullins
Fri May 10, 2019 12:19 pm
Forum: Personal Investments
Topic: Turning 65 (And I really think I'd like to retire some day)
Replies: 14
Views: 2340

Re: Turning 65 (And I really think I'd like to retire some day)

I'm self-employed and scaled back working trying on a semi-retired lifestyle (and liking it), but still can probably contribute $50,000 to $70,000 this year to the above funds. If I take Social Security at 70 that will be $16,000 annually. Why is the SS so low? Your scaled back income is > $100k an...
by Mullins
Thu May 09, 2019 3:38 pm
Forum: Personal Investments
Topic: Turning 65 (And I really think I'd like to retire some day)
Replies: 14
Views: 2340

Turning 65 (And I really think I'd like to retire some day)

Hi, first time posting but long time lurking. And my story is, I'd like to retire in the next year or two if I possibly can. Total Portfolio: 870K Emergency funds: Not really needed, just a money market with a few thousand on hand to cover current living expenses until the next pay day comes. Not co...