Bogleheads.org

nedsaid wrote: ↑Sun Feb 19, 2023 10:42 pm

Caleb4387 wrote: ↑Sun Feb 19, 2023 9:53 pm

nedsaid wrote: ↑Sat Feb 18, 2023 12:08 pm

Woody Allen once said that half of life is just showing up and Edward Jones does that in spades. It seems that from where I live, I could throw a rock in any direction and hit an Edward Jones office. I am exaggerating of course but they have a lot of little offices.

This. Ive noticed them in every small town in northwest Ohio lately including the village of Anna, Population 1,567.

Well then, if you live in a small town in northwest Ohio, I suppose you can throw my proverbial rock in just one direction!

I can throw an Edward Jones office in any direction and hit a small town.

I would invest all in vti and take only fun jobs that I really enjoyed doing. Or lean into your career for 10 years then retire early.

Absolutely pay that car off soon.

nedsaid wrote: ↑Sat Feb 18, 2023 12:08 pm

Woody Allen once said that half of life is just showing up and Edward Jones does that in spades. It seems that from where I live, I could throw a rock in any direction and hit an Edward Jones office. I am exaggerating of course but they have a lot of little offices.

This. Ive noticed them in every small town in northwest Ohio lately including the village of Anna, Population 1,567.

jnk715 wrote: ↑Thu Feb 09, 2023 5:48 pm

climber2020 wrote: ↑Thu Feb 09, 2023 2:24 pm I keep 1%. It’s enough to help me feel better and has no significant effect on my overall portfolio performance.

I'm trying to understand your postion as a cash heavy guy. I have about $350k in CD's, treasuries, and ibonds. My invested assets are all in equities which equate to about 190k in a 401k and 65k in a Roth IRA. I'm 40. Are most of you saying you have the majority of your money in a stock/bond portfolio? What if you need to make a big purchase i.e. house, car, etc?

You plan for it. Do you need to buy a house? Will you spend 350k on a car?

Credit Card Debt: It's good that you already have a plan to payoff in the next few months. This would be my first priority Emergency Fund: IMO, you really should prioritize it after paying off credit card debt Car: I would keep the lease and may payoff at the end if it makes sense at that time House: Everyone's situation is different. You might want to keep it for future use. Personally I would sell it if I get $120K with no tax implication as someone else mentioned above HSA: Since you are using it for medical expense, put it all in VIPIX to keep it simple OR a combination of VIPIX and VBIRX 401K: Rollover old 401K into new one. The loss/gain in the old one doesn't impact my decision to rollover to the new one. They have great funds and y...

Might, might not. Id take the 5% over a 4% HYSA.

Cap one has a 5 % cd for 11 months

Cap one is offering a 5% cd now.

Just really getting off the ground here at 37 . Will have 1 year of expenses so I can take my time if job loss ensues. We plan to be 100 percent in total index until about 57 or so then all in on fixed income, assuming I retire at 62-65.
Our generous earnings from bitcoin have allowed us an excellent head start. We are frugal and can weather severe extended downturns. So I guess aggressive. Absolutely.

Tesla stock is more attractive now than it was a year ago. People seem to really like the product (cars). They are now common place. Elon Musk is talented and capable of surprising with innovative products. Tesla sells other products as well, other than cars. Buying a company's stock is always a gamble. As for the Twitter acquisition, Elon Musk explained his motivations. The social media site is better for it, more open to differing opinions. This change will be more impactful socially, culturally, politically, than any other action by a mogul. Correct Tesla is absolutely a better stock today than a year ago even after an incredible 30% week. Twitter is absolutely a worse off company than when he took it over. Lost most of its talent, fail...

What's stopping you from changing credit cards?

Hold the bitcoin. Cash out after 2024 halving bull run.

Extremely impressive for 24 years old. I whish I'd even really known about investing and retiring before I was 30.

What's stopping you from changing credit cards?

Hold the bitcoin. Cash out after 2024 halving bull run.

Extremely impressive for 24 years old. I whish I'd even really known about investing and retiring before I was 30.

WillRetire wrote: ↑Sat Dec 24, 2022 5:02 pm Tesla stock is more attractive now than it was a year ago. People seem to really like the product (cars). They are now common place. Elon Musk is talented and capable of surprising with innovative products. Tesla sells other products as well, other than cars.

Buying a company's stock is always a gamble.

As for the Twitter acquisition, Elon Musk explained his motivations. The social media site is better for it, more open to differing opinions. This change will be more impactful socially, culturally, politically, than any other action by a mogul.

Correct

protagonist wrote: ↑Mon Dec 19, 2022 11:29 am

BrooklynInvest wrote: ↑Mon Dec 19, 2022 9:16 am

tunafish wrote: ↑Sun Dec 18, 2022 9:25 am Musk appears to be on his way to completely destroying Twitter, when he isn't busy telling Ukraine to give up. What does this say about other companies he runs? Seeing him in action currently, I'm amazed he accomplished anything in the past.

This.

Also, I have no idea what is and isn't priced into the current price of TSLA but I do know that when the CEO sells billions of dollars in stock to keep his other businesses/hobbies afloat it ain't good. Maybe Musk could do a twitter poll on whether he should stay CEO of TSLA as well? It might draw some more attention to him, which seems to be his focus these days.

.that is beyond the focus of the forum

Which is why we desperately need an off topic section.

dukeblue219 wrote: ↑Mon Dec 20, 2021 12:50 pm Tesla might outperform the market (or not) going forward. But the days of it being a "lottery ticket" are long over. It's simply too big to give you some a life-changing return like it might have a decade ago.

All those stories of people putting ten thousand dollars into Tesla, Apple, (or bitcoin for that matter) and retiring 5 years later are done.

Stick with the haystack, not the needle.

I would exclude but on from that list. Shame we aren't allowed to discuss it.

Look into self storage and warehouse reits.

For love of Manitowoc pay off those loans asap

chassis wrote: ↑Sat Jan 21, 2023 8:13 am

Caleb4387 wrote: ↑Sat Jan 21, 2023 7:58 am I know this a bump but the threas isn't too terribly old. I'm curious what everyone's thoughts are on self storage REITS such as extra space and public storage. I'm now on the inside of this industry and it doesn't seem like it will be dying anytime soon.

A good friend is an industry insider and is bullish.

Same. I have acquaintances , one with over a decade and one with 3 decades experience with a top name in the industry starting thier own now(and fortunately taking me with them) and it's been a very intriguing business to hey to know. Its amazing how much stuff people own.

I know this a bump but the threas isn't too terribly old. I'm curious what everyone's thoughts are on self storage REITS such as extra space and public storage. I'm now on the inside of this industry and it doesn't seem like it will be dying anytime soon.

Time to the up the rent a bit

sailaway wrote: ↑Thu Nov 03, 2022 8:56 am How much does the vehicle you want cost now? Divide that by 48 and start putting that away each month, as it doesn't seem like $4000 for 4 years is going to get you much car. This is definitely a case where your savings rate is at least as important as where you store it.

But personally, I just save a lot of money, keep to my allocation and buy things when they are needed. I don't do buckets for medium term spending because so rarely do things pan out according to my five year plans...

16k doesn't get much car? That is news to me.

starboi wrote: ↑Sun Oct 30, 2022 4:32 pm accuweather.com

I'm a huge fan

kchico wrote: ↑Sun Oct 16, 2022 10:31 am

HawkeyePierce wrote: ↑Sat Oct 15, 2022 9:40 pm I would drop the fixation on options, especially on Tesla.

Do you really want your parents' retirement dependent on the whims of Elon Musk?

I don't agree. Tesla is an amazing company. Options are no for everyone like my parents probably at this time but during the accumulation phase putting a small percentage on derivatives can do wonders for your portfolio. For instance my IRA had total contributions of $11k but today's balance even after this horrible market is $280k.

That's absurd. Tesla has a long way to fall.

arcticpineapplecorp. wrote: ↑Sat Oct 15, 2022 7:48 pm

kchico wrote: ↑Sat Oct 15, 2022 7:32 pm What funds tickers do you guys suggest? Is VTI and BND still popular?

Regardless of whether they're popular or not (popularity comes and goes), they're certainly timeless.

No..they've never been popular. The useful stuff that actually works never is.

If he's steady working I would enjoy him to put half in roth and contribute 100 per month or at least start a roth and invest 100 or 200 per month from zero. He's got the magic of time on his side now that I wish I'd known about at 19.

Not enough risk. Buy more equuties.

2 reliable old cars paid in full, worth ~20-25K combined How old is old? Car safety has advanced a lot in recent years and with your income and assets you can afford newer cars if they would be a lot safer. There are endless threads about car safety and what car safety features are worth paying for and there is no overall consensus. I'm not saying that you should go out an buy an expensive car with all the safety bells and whistles but even in this crazy car market you can still get lots of highly rated cars with lots of advanced safety features for around $30K or so as long as you are willing to wait a few months for delivery. https://www.iihs.org/ratings/top-safety-picks/2022 With the resale values of your current cars you could sell or ...

richard.h.gao wrote: ↑Sat May 21, 2022 6:49 pm

Harmanic wrote: ↑Sat May 21, 2022 1:02 pmJack Bogle held Grantham in high regard and it was a little disheartening to read the disparagement towards him in another thread.

This place is an echo chamber. Any deviation from the simpleton Dave Ramsey approach is met with immediate hostility. Yet those that are truly well off financially, instead of the wannabees, do not follow that simpleton approach.

Except there certainly is not unanimous love here for Ramsey.

Gosh, I hope not. I want to buy cheap the next 10 years.

Unceartain? The market is doing what it always does. Its as ceartain as a tornado in Oklahoma.

The turnpike troubafors, whiskey, myers, the randy rogers band, read Southall, Brent Cobb, Jamie lin wilson.

I'm only 35 so there's ound to be lesser known artists of the time I'm not familiar with that were fantastic but I'll say:

ROCK:
Zeppelin, the who, skynrd, the outlaws, and a little Marshall tucker never hurt anyone.


COUNTRY: Waylon Jennings, Merle Haggard, Gary stewart, Moe Bandy, Charlie Louvin, Jerry Jeff walker.

bigtuna69 wrote: ↑Wed Aug 24, 2022 7:46 pm I have recently begun the process of transferring my Roth IRA account over to Vanguard. I am 25 years old and will have a little over $4,000 transferring over. I would like to be 100% in equities in broad-based mutual funds with about 75% U.S. to 25% International, roughly. What are some low-cost mutual funds I should be looking at to begin this process?

Vtsax and chill.

Husband 35
Wife 46

100% equities for the next 20 years at least. Will add fixed income as income increases via management career.

cbeck wrote: ↑Tue Aug 16, 2022 5:06 pm Best solution is to give up driving altogether. I haven't owned a car since 1984 and haven't driven once since 2008. I have always lived in major cities with plenty of public transportation. Once you stop driving you won't need the umbrella insurance anymore, since you will basically lack the ability to cause damage to another person.

Isn't it amazing how people can be so different?

The idea of living downtown or not driving sounds like pure torture to me

My wife and I started late so for us it's too risky NOT to be 100 percent equities for at least 25 years. We are simple people and can live thrifty. If we were to retire today SS would cover 100 percent of our expenses assuming we had a paid off house which we plan to have by retirement, and I have no objection to working part time jobs well into old age if needed. If we want to have the kind of financial life we dream of then 100 percent is the way to go for us. If we reach a substantial (to us) net worth then well rebalance into fixed income, but long downturns are just part of the risk we accept.

1. Your suv is neither old nor high mileage.

2. Pay off that 50k auto loan today.

3.As much as I Detest the name, you should look at the Dave Ramsey baby steps.

4. Your suv is fine. Seriously it's in the age and Miles range I start to intentionally seek out to purchase used.

DW and I are looking to engage a hourly fee only or subscription based financial planner to plan for the retirement de-accumulation phase of life. Ideally we are looking for a small firm or individuals who specialize in working with high net worth families ($22 million) and we are looking for a long term relationship similar to what we have with our accountants and lawyers. We have been on top of asset allocation and generally have a BH three fund portfolio allocated across taxable, tax deferred and Roth accounts so actual investment management is less important than the financial planning aspects but obviously they are very much related. We particularly liked one small firm we interviewed but there is one aspect that does not make sense t...

dbr wrote: ↑Sun Jun 06, 2021 1:04 pm If you aren't planning to stay long, then when you leave you can rollover the holdings to an IRA.

Note American Funds when bought without the loads are not bad funds though a bit costly. The ERs are too high because the plan has rolled in more fees.

Giving up the employer match would be shooting yourself in the foot. This is assuming that in addition to perhaps a Roth IRA you are maxing the contribution. If you are contributing very little then avoiding it altogether might be a wash.

Yes. This would be a minor contribution for as now im just getting started. May not even be worth worrying about

WillRetire wrote: ↑Sun Jun 06, 2021 1:08 pm Some of the American funds are quite good.

Look at all the fund offerings from your 401K plan, and specifically look for ones that follow an index. I'm sure if you list the fund choices here, you'll get constructive feedback.

Thanks for your response. Im not sure i want to type all that out and I can't copy them easily at the moment. Maybe later.
I find nothing that follows an index unfortunately.

Long time lurker occasion poster.
I am now ready to consider putting money into my 401k plan, however, I have hit the perfect storm of poor options as my employer offers John Hancock investments with mostly american and black rock funds, growth fund of America etc, with no real sp500 funds or anything like that. My employer also offers only 25 percent match up to 5 percent. So im wondering.....should I even bother with this mixed up mess of a monstrosity. ?

Edited to add all expense ratios running around 1.1 percent and im not sure I'll be with the company for 3 years to best the funds

https://imgur.com/I2DsQCO.png The loss of about $38 billion in Dogecoin's "market cap" due to a punchline delivered by Elon Musk on SNL shows the fragility of the crypto ecosystem. I don't think you can just call this "volatility." This is certifiable mania. Note that press reports are inaccurate! Reuters says Dogecoin tumbles after Elon Musk calls it a 'hustle' on 'SNL' show . But that's not so! The sketch, Weekend Update: Financial Expert Lloyd Ostertag on Cryptocurrency , is pretty funny, well worth two minutes of time. As you can tell just from the title, it isn't really "Elon Musk" who said it. It's in a comedy sketch on a comedy show. It is said by a fictional character named Lloyd Ostertag who is being ...

Random Musings wrote: ↑Sun May 09, 2021 8:14 pm The mania will continue until the leverage trend reverses course. Then, I expect trouble with crypto's.

RM

Then they'll drop to higher lows than before and in a couple years soar again.

eyemgh wrote: ↑Wed Feb 03, 2021 10:40 pm Why is Dogecoin any weirder that all of the rest? At least it's overt about how absurd the whole space is and the dog is cute.

Dogecoin has no real use. Many other cryptos do. The "whole space" is not absurd. Especially for those whom it has made wealthy the last few years.

Caleb4387 wrote: ↑Thu Mar 11, 2021 7:15 pm

JonnyDVM wrote: ↑Sun Jan 17, 2021 9:12 pm I’ve looked at this. I’ve considered it. I’ve poked it with a stick. I’ve concluded the current Bitcoin price is a total house of cards and is soon to come crashing down hard taking a lot of people down with it. Feel free to bet that I’m wrong.

I absolutely hope you are right. It has a history of extreme highs followed by extreme lows. I want in on that low. Then I'll sell on the extreme high. Im still a small timer do a 30 grand profit significantly affects my life for the better

I wish i had bought just a coin or two in 2017 when i became nterested. Oh well. Im up 90% on ENJIN so ive got that going for me

JonnyDVM wrote: ↑Sun Jan 17, 2021 9:12 pm I’ve looked at this. I’ve considered it. I’ve poked it with a stick. I’ve concluded the current Bitcoin price is a total house of cards and is soon to come crashing down hard taking a lot of people down with it. Feel free to bet that I’m wrong.

I absolutely hope you are right. It has a history of extreme highs followed by extreme lows. I want in on that low. Then I'll sell on the extreme high. Im still a small timer do a 30 grand profit significantly affects my life for the better