Search found 30 matches

by Cam894
Tue Sep 08, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: My boss asked me to build a portfolio
Replies: 9
Views: 1121

Re: My boss asked me to build a portfolio

I'm currently a para planner at a small wealth management firm and I love the work and my boss is the nicest person I've ever met... I'm currently studying for the 65 and she recently asked me to work with her on putting together a new model. This will be our "dividend fund". She and I ha...
by Cam894
Sun Sep 06, 2020 7:08 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

Goldman and most recently SoftBank have made wonderful gains at the markets expense. Large in part due to the rise of retail investing. Expect more index manipulation. The way they make money is on fees derived from selling/buying and/or working as an intermediary: https://asia.nikkei.com/Business/...
by Cam894
Sun Sep 06, 2020 1:38 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

Goldman and most recently SoftBank have made wonderful gains at the markets expense. Large in part due to the rise of retail investing. Expect more index manipulation. The way they make money is on fees derived from selling/buying and/or working as an intermediary: https://asia.nikkei.com/Business/...
by Cam894
Sun Sep 06, 2020 12:05 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

you don't need to make mistakes that others have already made. in fact, if you do that, you haven't learned anything. there's no problem making a mistake that hasn't been made before (and learn from, so as to not repeat), but to repeat mistakes others already have (so you don't have to) makes no se...
by Cam894
Sun Sep 06, 2020 10:47 am
Forum: Personal Investments
Topic: Wife is "forcing" me to buy stock(s)
Replies: 112
Views: 9138

Re: Wife is "forcing" me to buy stock(s)

protagonist wrote: Sat Sep 05, 2020 10:15 pm Your wife is the one with the itch, but you are the one picking the stock?
My thoughts exactly. Wants to buy stock, doesn't know where to start.
by Cam894
Sun Sep 06, 2020 10:39 am
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

Isn't 17 a good age to make investing mistakes? Over the next 50 years, and education now might be very valuable and relatively inexpensive. you don't need to make mistakes that others have already made. in fact, if you do that, you haven't learned anything. there's no problem making a mistake that...
by Cam894
Sat Sep 05, 2020 5:25 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

Isn't 17 a good age to make investing mistakes? Over the next 50 years, and education now might be very valuable and relatively inexpensive. you don't need to make mistakes that others have already made. in fact, if you do that, you haven't learned anything. there's no problem making a mistake that...
by Cam894
Thu Sep 03, 2020 6:04 pm
Forum: Personal Investments
Topic: Convincing teenager to invest in Roth
Replies: 109
Views: 5925

Re: Convincing teenager to invest in Roth

He has a valid argument. Because you are skipping a step. Have him save up an emergency fund/cash pile/buffer (whatever you want to call it). Then he will be less resistant to “locking money away”. He could always invest in both if he is worried.

What were you spending your money on at his age?
by Cam894
Thu Sep 03, 2020 1:25 pm
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6891

Re: Where is the joy ? How long can this joyless ride last ?

I have no problem justifying this stock market performance. We are in a very business friendly environment. Interest rates are very low. Companies are sitting on mountains of cash. And people have not stopped spending money. Housing sales are going nuts; as a sign that people are not afraid to spen...
by Cam894
Wed Sep 02, 2020 3:25 pm
Forum: Personal Investments
Topic: Any long-term issues with starting my teen out with Fidelity?
Replies: 31
Views: 1273

Re: Any long-term issues with starting my teen out with Fidelity?

Fidelity will serve him just fine his whole life. He may diversify into multiple brokerages when he gets the big bucks or 401k at another firm.

Give him a pat on the back for saving that much. He could have been buying vape paraphernalia instead. :D
by Cam894
Wed Sep 02, 2020 3:06 pm
Forum: Personal Investments
Topic: It's fascinating to get your kids involved in investing
Replies: 60
Views: 3418

Re: It's fascinating to get your kids involved in investing

This is to share my experience and not asking for help. My kids through the years amass about $2k from gifts and stuff. They keep the cash and from time to time mention the fact that they have that much money. So I ask them to give me the money so I can open an account and let them invest. At first...
by Cam894
Tue Sep 01, 2020 5:36 pm
Forum: Personal Investments
Topic: Family member has one million in one stock , doesn't want to cash out
Replies: 261
Views: 28442

Re: My dad has 1 million in Tesla, I told him to cash out, he doesn't want too

Sounds like he is a more skilled investor than you. You index because you can't/don't want to time the market. He does not feel the same. Most bogleheads will repeat the work "luck" till they are blue in the face. But the reality is that he sounds fairly competent on investing matters. He ...
by Cam894
Mon Jul 27, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: Are you adjusting your REIT Allocation?
Replies: 69
Views: 6079

Re: Are you adjusting your REIT Allocation?

With the value of the dollar decreasing, I am more than happy to keep a certain % of my portfolio in real estate.

I also don't buy into the notion that office space is going the way of the Dodo. If it does the index will adjust over time.
by Cam894
Sat Jun 27, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab Bank - mediocre health rating?
Replies: 8
Views: 1046

Re: Schwab Bank - mediocre health rating?

UpperNwGuy wrote: Sat Jun 27, 2020 6:01 pm Could it be that Schwab operates the bank as a loss leader to attract investors to its brokerage?
ding ding ding
by Cam894
Thu Jun 25, 2020 7:37 pm
Forum: Personal Investments
Topic: My friend does not trust one brokerage Firm?
Replies: 24
Views: 1658

Re: My friend does not trust one brokerage Firm?

Sounds smart to me. Being locked out of money is no fun.
by Cam894
Fri Jun 19, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8215

Re: Would you rent your house to a famous athlete?

This sounds like something different. But on a related note. If you are ever asked to rent your house as a movie set. Make sure they will cover utilities. The equipment will rack up the power bill like you wouldn't believe. Not that the house will even be able to power all of the lighting fixtures ...
by Cam894
Fri Jun 19, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Disappointed in Fidelity 2% Cash Back credit card
Replies: 167
Views: 10629

Re: Disappointed in Fidelity 2% Cash Back credit card

Can anyone speak to the customer service for this card? It’s the only thing holding me back from getting it.
by Cam894
Tue Jun 16, 2020 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Would you rent your house to a famous athlete?
Replies: 104
Views: 8215

Re: Would you rent your house to a famous athlete?

Oddly enough I had a similar request. My house was listed for sale and they were filming a movie in town. (With Sharon Stone, actually). Agent wanted to know if I would rent it short term. Not to Sharon Stone, one of the minions on the movie. Thought about it and said no. Seemed like possible troub...
by Cam894
Tue Jun 16, 2020 8:24 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 123
Views: 14891

Re: Should I sell my stash of dental floss now worth $3,000?

I didn't think I read the title correctly........
by Cam894
Tue Jun 16, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Is Stock Market becoming Casino ?
Replies: 42
Views: 3848

Re: Is Stock Market becoming Casino ?

Invest with the house. It always wins.

These people will trade themselves right out of the game.

Shoeshine boy market.
by Cam894
Tue Jun 16, 2020 2:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11865

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

Vanguard must really see something with the international markets. On the surface level it makes sense. But when you look at who could outperform the US with meaningful results for their investors it looks pretty bleak. Not to mention the ridiculous amounts of fraud committed overseas. Every time I...
by Cam894
Mon Jun 15, 2020 9:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11865

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

Vanguard must really see something with the international markets. On the surface level it makes sense. But when you look at who could outperform the US with meaningful results for their investors it looks pretty bleak. Not to mention the ridiculous amounts of fraud committed overseas. Every time I...
by Cam894
Mon Jun 15, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11865

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

Vanguard must really see something with the international markets. On the surface level it makes sense. But when you look at who could outperform the US with meaningful results for their investors it looks pretty bleak. Not to mention the ridiculous amounts of fraud committed overseas. Every time I ...
by Cam894
Wed Jun 10, 2020 1:44 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10168

Re: Dave Ramsey mentioned bogleheads today

I will add however that if you listen to some of his “train wreck” followers it becomes quite clear that they probably don’t have the financial and emotional capacity to stay the course with a 3-4 fund allocation. This is where a money manager brings value. Certainly, and I would reiterate that one...
by Cam894
Wed Jun 10, 2020 1:28 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10168

Re: Dave Ramsey mentioned bogleheads today

I will add however that if you listen to some of his “train wreck” followers it becomes quite clear that they probably don’t have the financial and emotional capacity to stay the course with a 3-4 fund allocation. This is where a money manager brings value. Certainly, and I would reiterate that one...
by Cam894
Wed Jun 10, 2020 12:46 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10168

Re: Dave Ramsey mentioned bogleheads today

It is quite fascinating to watch the Dave Ramsey defenders come into these threads and shout his virtues from the mountaintop about helping "train wrecks" of people who don't have the aptitude to understand basic personal finance, and then ignore the intellectual problems with his obvious...
by Cam894
Tue Jun 09, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Zelle for money transfer
Replies: 44
Views: 2652

Re: Zelle for money transfer

Have you used Zelle an do you like it? Can you set it up to use on a browser on a desktop computer, or do you have to use an app on a phone? Is there any way to link it to a Vanguard, Fidelity or Schwab account? Zelle is the banking industry's answer to cashapp and venmo. As far as I know brokerage...
by Cam894
Tue Jun 09, 2020 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I give a loan to my buddy to buy a boat?
Replies: 81
Views: 4879

Re: Can I give a loan to my buddy to buy a boat?

There is probably a reason he can't get a 5-6% loan from a credit union or bank.......
by Cam894
Mon Jun 08, 2020 10:24 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey mentioned bogleheads today
Replies: 142
Views: 10168

Re: Dave Ramsey mentioned bogleheads today

https://www.youtube.com/watch?v=Jm25gueDHsE&t=1302s At 6:50 a guy calls in about expense ratios and they talk about it until 8:20. At 13:30 Dave Ramsey says he has never heard a millionaire that says they were held back by an expense ratio, talks about loading fee's, bogleheads and a Vanguard s...