Search found 29 matches

by rchmx1
Mon May 25, 2020 12:28 am
Forum: Investing - Theory, News & General
Topic: Has anybody heard of DriverLoan Investor Club?
Replies: 30
Views: 2332

Re: Has anybody heard of DriverLoan Investor Club?

dukeblue219 wrote:
Sun May 24, 2020 7:36 am
You're loaning money to people desperate enough to accept a 440% APR loan, and in exchange you get 15% return?

I'd feel slimy doing this even if it wasn't dangerously close to a scam.
Post of the thread!
by rchmx1
Thu Mar 05, 2020 12:48 am
Forum: Investing - Theory, News & General
Topic: Lamenting time lost and squandered opportunities
Replies: 31
Views: 2894

Re: Lamenting time lost and squandered opportunities

23k is nothing. I almost bought $100 worth of bitcoin back in 2009 when it was going for 2 cents :sharebeer Girls that I could’ve dated knowing what I know now :beer That’s life. We all live and learn. Charm of getting older is getting wiser, usually it works that way :mrgreen: I did buy some bitco...
by rchmx1
Sun Feb 23, 2020 5:06 pm
Forum: Personal Investments
Topic: When to invest -- worried about market timing and not market timing
Replies: 17
Views: 1021

Re: When to invest -- worried about market timing and not market timing

One of the quotes from the Boglehead Guide to Investing that sticks with me is, "More money has been lost by waiting for the right time to get into the market than from getting in at the wrong time." Seems applicable here. :happy
by rchmx1
Fri Feb 14, 2020 12:37 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1123
Views: 97592

Re: Well, I am market timing... Wish me luck.

Dow Jones Surges 200 Points To Record High As Coronavirus Cases Slow https://www.investors.com/market-trend/stock-market-today/dow-jones-romps-200-points-to-record-high-as-coronvirus-fears-ease/?src=A00220&yptr=yahoo The market was already well aware of the coronavirus fears you expressed in your O...
by rchmx1
Mon Feb 10, 2020 11:27 pm
Forum: Personal Investments
Topic: Explain to me why dividends aren't real money
Replies: 81
Views: 8223

Re: Explain to me why dividends aren't real money

I'm new to investing as well, and while I'd say I've gotten to the point where my head is firmly wrapped around the fact that a dividend payout doesn't leave your with anything more than what you started with, I feel like I still have a bit of cognitive dissonance with something else that's frequent...
by rchmx1
Mon Feb 10, 2020 4:47 pm
Forum: Personal Investments
Topic: getting away from raymond james
Replies: 8
Views: 811

Re: getting away from raymond james

Ya, it's very easy to initiate a transfer via Schwab's website. Very clear and quick process, which can all be done online, including using the message center to submit the required signed doc. All in all took me maybe 10 minutes? And the transfer was complete only a couple days later.
by rchmx1
Sat Feb 08, 2020 11:50 am
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4975

Re: Fidelity or Schwab checking account better for foreign travel?

The Schwab brokerage account is a formality--no activity required. This is not true. They closed my checking account for brokerage innactivity, reopened it when I complained, and then closed it again a few months later because they failed to reopen the brokerage account. They never notified me of e...
by rchmx1
Sat Feb 08, 2020 11:47 am
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4975

Re: Make The Case: Fidelity v. Schwab

I’m a Schwab customer. I’ve long been considering switching to Fidelity, in part because I like that it’s a privately held company. Inertia kept me at Schwab this long, and now I’m going to stick with them because I feel like they’re winning the brokerage wars. Specifically, my HSA is at TD Ameritr...
by rchmx1
Fri Feb 07, 2020 10:45 pm
Forum: Personal Investments
Topic: Make The Case: Fidelity v. Schwab
Replies: 66
Views: 4975

Re: Make The Case: Fidelity v. Schwab

I predict that the response you'll get will basically boil down to "you can't go wrong either way." I know there are members here who have/had accounts with both, but as I only have Schwab account, I can't give any comparison info except to say I am very happy with Schwab. Very easy to open a Roth I...
by rchmx1
Thu Jan 23, 2020 1:49 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 125
Views: 10284

Re: What did you do cool with your money today?

Just got back from 3 weeks traveling around Peru. Machu Picchu, the Nazca lines, amazing time but still only scratched the surface. The security that the Boglehead approach has given me when it comes to planning for my future financial security has made me feel much better about finally doing all th...
by rchmx1
Sat Jan 18, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17048

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

You can't confuse your desire to help with their openness to receive help. From your description of the situation, it sounds like any attempt you made would be akin to beating your head against a wall. It may sound harsh, but if I were in your shoes my only priority would be making sure I don't get ...
by rchmx1
Thu Jan 16, 2020 11:53 am
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Re: Retirement account options for independent contractors

Quick question about the employer contribution aspect of an Individual 401k. I was wondering how “net earnings from self-employment" is defined. I assume I need to plug in all the relevant info into a tax preparation software, and then use the number after deductions etc, but at this point I'm not s...
by rchmx1
Wed Jan 01, 2020 1:56 pm
Forum: Non-US Investing
Topic: Favorite country to live in after FIRE?
Replies: 191
Views: 18718

Re: Favorite country to live in after FIRE?

I just got back from a nearly two month trip to Mexico--I spent most of the time in central Mexico, but went as far south as Oaxaca & Puerto Escondido. The primary purpose of the trip was simply travel-related fun, but also to scope out possible places to eventually retire to. While no place is per...
by rchmx1
Tue Dec 31, 2019 7:27 pm
Forum: Non-US Investing
Topic: Favorite country to live in after FIRE?
Replies: 191
Views: 18718

Re: Favorite country to live in after FIRE?

where specifically in Mexico are you at? I want this as well! San Miguel de Allende, GTO. Expats who have been down here longer than I will bemoan the town's explosion in popularity the last 4-5 years (being ranked "Best City in the World" by travel magazines like Conde Nast will have that effect)....
by rchmx1
Thu Dec 26, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 244
Views: 272684

Re: [Why did my fund suddenly drop in value?]

The Cost Basis shows the sum of all the purchase prices. If you reinvested the distributions, you just made an additional purchase. This increased your cost basis (and therefore reduces your unrealized capital gain) so you don’t have to pay taxes eventually twice. If you have specific share ID for ...
by rchmx1
Thu Dec 26, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 244
Views: 272684

Re: [Why did my fund suddenly drop in value?]

The only thing I don't understand is why the Cost Basis entries changed in my Schwab account. I thought the Cost Basis column showed the original purchase price of the asset in question, so I don't understand why the numbers in that column increased after the ex-div date.
by rchmx1
Thu Dec 26, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2019 on Amazon
Replies: 347
Views: 37454

Re: Turbotax 2019 on Amazon

Just a heads up that Newegg is running a 50% off after Christmas sale on H&R Block software. The Premium download comes out to $27.50. You have to be signed up for their newsletter to get the code, but seems well worth the effort. Deal runs a couple more days.
by rchmx1
Thu Dec 26, 2019 4:27 am
Forum: Non-US Investing
Topic: Favorite country to live in after FIRE?
Replies: 191
Views: 18718

Re: Favorite country to live in after FIRE?

In my late 20s I had the very fortunate experience of meeting my Mexican girlfriend. 5+ years later, living full time in Mexico has turned out to be the best decision of my life. The lower cost of living, along with the weakening peso, has been a huge help in getting my finances in order and getting...
by rchmx1
Fri Dec 20, 2019 9:45 pm
Forum: Investing - Theory, News & General
Topic: [Why did my fund suddenly drop in value?]
Replies: 244
Views: 272684

Re: [Why did my fund suddenly drop in value?]

i get that the fund drops when the dividend is paid. but...why would a small cap fund like SWSSX fall 5% overnight. It doesn't pay anywhere near a 5% dividend yield? Ya, I'm curious about this as well. I'm only recently in the market (as in for about a month), and pretty much all my investments are...
by rchmx1
Tue Dec 10, 2019 9:22 pm
Forum: Investing - Theory, News & General
Topic: Schwab ETF Estimated Distributions
Replies: 11
Views: 882

Re: Schwab ETF Estimated Distributions

Is this relevant only when considering what to hold in a taxable account? Any reason to also be happy about this if the asset is held in a tax-advantaged/deferred account? Still very much in the early learning phase.
by rchmx1
Mon Dec 09, 2019 5:15 pm
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Re: Retirement account options for independent contractors

Assuming you are self-employed, you have until your tax filing deadline (4/15) including extensions (10/15) to make both employee deferrals and employer contributions. If you entered 1/1/2019 on the adoption agreement as the effective date of the plan. You can base your contributions on all self-em...
by rchmx1
Sat Dec 07, 2019 12:04 pm
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Re: Retirement account options for independent contractors

As a quick update, the process for opening an Individual 401k at Schwab was pretty quick and easy, the account is open now. A couple quick questions hoping someone knows the answers. My understanding is that, since the account was opened before the end of 2019, I can make deductible contributions fo...
by rchmx1
Thu Nov 21, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Re: Retirement account options for independent contractors

I really appreciate everyone's feedback! My work situation is really quite simple. It's a telecommuting position I've had for a number of years. Earlier in the year I received a promotion (ie a higher paying contract), and that (modestly, relatively speaking) higher income stream increased my intere...
by rchmx1
Thu Nov 21, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Re: Retirement account options for independent contractors

Thanks guys! Ya, I came across the one-participant 401k only as I was writing up this thread, and a quick glance did make it seem like it would offer a much higher contribution limit than a SEP IRA, which to my understanding is the main consideration making a one-participant 401k clearly the best op...
by rchmx1
Thu Nov 21, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: Retirement account options for independent contractors
Replies: 21
Views: 1480

Retirement account options for independent contractors

Hi all, still new to the whole "getting my financial life in check" thing, recently opened up a Schwab brokerage account along with a Roth. Working as an independent contractor (a vendor for Microsoft), I haven't had access to employer-offered retirement accounts. I finally got around to looking up ...
by rchmx1
Wed Nov 06, 2019 8:34 am
Forum: Personal Investments
Topic: Just another just getting starting with investing thread [US ex-pat in Mexico]
Replies: 7
Views: 615

Re: Just another just getting starting with investing thread [US ex-pat in Mexico]

Went ahead and dove in. I'd love any feedback on my choices, particularly on my choice of bond fund, and suggestions on another bond fund to add in the near future to increase the percentage of that asset class, since bonds are what I understand the least. And of course any other thoughts. I made th...
by rchmx1
Wed Oct 30, 2019 7:02 pm
Forum: Personal Investments
Topic: Just another just getting starting with investing thread [US ex-pat in Mexico]
Replies: 7
Views: 615

Re: Just another just getting starting with investing thread

Thanks for the welcome David Jay, and the rest of your feedback, very much appreciated. I've read through specific sections of the wiki, but hadn't come across that one yet, looks like a great source of further info. I would not focus on the most tax-inefficient (especially as you are in a low tax b...
by rchmx1
Wed Oct 30, 2019 3:42 pm
Forum: Personal Investments
Topic: Just another just getting starting with investing thread [US ex-pat in Mexico]
Replies: 7
Views: 615

Just another just getting starting with investing thread [US ex-pat in Mexico]

First, a quick expression of gratitude for this forum and all the Boglehead content I've recently come across. I may feel like I'm late in the game, but all this very helpful content is the one main reason I won't feel like that 5-10 years from now, or actually in a month's time. The clarifying powe...