Search found 725 matches

by NYCPete
Mon Sep 30, 2019 2:01 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13009

Re: Currently invested in 100% stock

why? is an allocation of 10-20% bonds supposed to somehow "save" you? i dont get it. Um, yes... If you get laid off (more likely in a market crash), 10%-20% absolutely could indeed "save you" from cashing out stocks when they are down to pay for food. And don't discount the emotional benefit... Hav...
by NYCPete
Fri Sep 27, 2019 4:25 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13009

Re: Currently invested in 100% stock

all these 100% stock threads must be a sign the market has peaked Anyone endorsing the asset allocation of 100% stocks ought to state their age and how much they had invested at the start of the last market collapse in 2008. why? is an allocation of 10-20% bonds supposed to somehow "save" you? i do...
by NYCPete
Fri Sep 27, 2019 2:24 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation Approaching Age 40s
Replies: 22
Views: 2483

Re: Asset Allocation Approaching Age 40s

I'd second others' suggestions that you reformat your question and ask a moderator to put it in the Personal Investments section. You're getting other people's feedback in a vacuum. In other threads you've posted, you've explained why you have such a large cash reserve. You've also indicated your in...
by NYCPete
Fri Sep 27, 2019 9:11 am
Forum: Personal Investments
Topic: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK
Replies: 27
Views: 3143

Re: Where to safely park/invest shorter term cash to maximize returns - a *little* risk is OK

What abound bond funds? Some of the muni bond funds I was researching looked really good. And as a California resident, I believe I would be exempt from both federal AND state taxes if I purchase a CA muni bond fund, correct? For example, I was looking at these 2 CA bond funds (load-waived via Fide...
by NYCPete
Mon Sep 23, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2137

Re: Credit Card Points - Best options?

If most of your spending is on travel and client meals, the Chase Sapphire Reserve is a better deal than most, as it gets triple points for travel and restaurants. +1 for Chase Sapphire Reserve (CSR). If your travel includes flying, CSR gives you free Priority Pass Plus membership. Check https://ww...
by NYCPete
Mon Sep 23, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2137

Re: Credit Card Points - Best options?

To further define my needs: - Business $5K in flights booked to date using Southwest/Delta $10K in hotels booked to date using IHG $1.5K in transportation booked to date using Uber - Personal $1K/mo in food (grocery/eating out) $650/mo in bills $1K/mo in misc At the moment it sounds as though AMEX ...
by NYCPete
Sun Sep 22, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2137

Re: Credit Card Points - Best options?

Depends on what kind of rewards you want from your spending. If you want just cash back, for simplicity get the most straightforward highest cash back card like the Citi Double Cash. If you like to travel, getting a premium travel card will get you a better return on your rewards points. If most of...
by NYCPete
Sun Sep 22, 2019 9:20 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 13009

Re: Currently invested in 100% stock

Your stock/bond allocation should be determined by your need and willingness to take risk, not your age. Age is a part of the need and willingness equation, it's not all of it. You were 24 when the last stock market downturn happened. Were you invested at all? Do you have any first hand experience i...
by NYCPete
Sun Sep 22, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Credit Card Points - Best options?
Replies: 29
Views: 2137

Re: Credit Card Points - Best options?

Depends on what kind of rewards you want from your spending. If you want just cash back, for simplicity get the most straightforward highest cash back card like the Citi Double Cash. If you like to travel, getting a premium travel card will get you a better return on your rewards points. If most of ...
by NYCPete
Wed Jul 10, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: De-Risking and Diversification aren't the same thing.
Replies: 106
Views: 8187

Re: De-Risking and Diversification aren't the same thing.

A) Is this way of looking at things actionable for me, or is it trying to over complicate things for benefits I'm not likely to notice on a year in year out basis? I wouldn't say this discussion, if taken to the actionable conclusion, should make the portfolio any more complicated. It's merely one ...
by NYCPete
Wed Jul 10, 2019 11:34 am
Forum: Investing - Theory, News & General
Topic: De-Risking and Diversification aren't the same thing.
Replies: 106
Views: 8187

Re: De-Risking and Diversification aren't the same thing.

Wow, this is a really interesting post. First one on BHs in years that has me considering reevaluating my IPS and seeing if I need to change things. A few things my brain is working through as I unpack this... A) Is this way of looking at things actionable for me, or is it trying to over complicate ...
by NYCPete
Fri Jun 28, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5470

Re: NYC Apartment to sue or not to sue

SUBLETTING a Rent Control APT in NYC is strictly a violation of the lease... Good luck shaking down an NYC landlord with fruit from a rotten tree. This is why we can't have nice things anymore. If I was the landlord I would fight you tooth and nail, when you finally get to court in 3-4 years. If yo...
by NYCPete
Fri Jun 28, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: NYC Apartment to sue or not to sue
Replies: 44
Views: 5470

Re: NYC Apartment to sue or not to sue

Hey! I am intimately familiar with this topic. A few things I'm willing to say, and you can PM me if you like. -There is a difference between "rent stabilized" and "rent controlled." Be absolutely sure what you're dealing with. -Stuff like this takes years . - Get the receipts for the improvements m...
by NYCPete
Tue May 28, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3214

Re: "Soft" question on student loans

However, once you pay money to a school, it is gone forever and ever, amen. We will only know many years from now whether or not it was a good "investment". You've said variations of this more than once. Your statement is true about literally everything a person can spend money on in their life. Yo...
by NYCPete
Tue May 28, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3214

Re: "Soft" question on student loans

Here's what a student loan really is: debt that, if you can't afford to pay it, will never go away unless you die, can't be bankrupted, can't be refinanced (as of a recent law change), and lenders will never, ever do an "offer in compromise" or similar negotiated deal and accept a reduced amount up...
by NYCPete
Tue May 28, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: "Soft" question on student loans
Replies: 72
Views: 3214

Re: "Soft" question on student loans

Third, why is student loan debt somehow more evil or oppressive than automobile debt or mortgage debt? Yes, the state can garnish wages. But cars and houses can also be repossessed. And when you die, student loan debt dies with you. Car debt and mortgage debt lives on. For me, you've mostly answere...
by NYCPete
Fri Apr 26, 2019 10:01 am
Forum: Personal Investments
Topic: 2,000,000. Now what?
Replies: 45
Views: 9737

Re: 2,000,000. Now what?

It's really hard to get a good read on your situation. In November 2018, you posted about having $765,000 in VOO. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=263178&p=4199548#p4199548 Hello I have been saving and investing for the last 8 years. I have invested 99% of my money. Current numbe...
by NYCPete
Thu Apr 18, 2019 4:21 pm
Forum: Personal Investments
Topic: 100% total market index for 10 years, wondering if I should have bonds and international
Replies: 16
Views: 2171

Re: 100% total market index for 10 years, wondering if I should have bonds and international

By my math you were 17 when the 2008 financial crisis hit. In the fall of 2008 I was the age you are now. I strongly encourage you to add bonds to your portfolio, because your tolerance for risk has not actually been tested. You can say you know it, but I assure you it feels different during a major...
by NYCPete
Mon Apr 15, 2019 9:41 am
Forum: Personal Investments
Topic: Shifting away from 100% stocks - how do you execute shift without timing?
Replies: 17
Views: 1308

Re: Shifting away from 100% stocks - how do you execute shift without timing?

Can you simply change your 401k contributions to be 100% toward the bond option? If you're only 30, perhaps your balances aren't big enough yet that rebalancing can't occur with new contributions. Make all your new contributions go toward bonds until you're at an allocation you want. Maybe it takes ...
by NYCPete
Thu Mar 14, 2019 9:29 am
Forum: Personal Investments
Topic: New Job: Fideilty 401K Choices
Replies: 7
Views: 899

Re: New Job: Fideilty 401K Choices

Hello, I recently started a new job that provides a 401K through Fidelity. I had a 403B at Vangaurd at my previous job. I utilized a traditional 3 fund portfolio for this account (VTSAX:65% VTIAX:25% VBTLX:10%). Use only the S&P 500 index selection, and adjust your old 401k's bond allocation up to ...
by NYCPete
Wed Mar 13, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Massachusetts Estate Planning
Replies: 48
Views: 2993

Re: Estate Planning

-If you leave your retirement accounts to non-spouse heirs, they'll pay income taxes when receiving the funds. If you leave those same retirement accounts to a charitable entity, that organization will receive the full value, due to being tax-exempt. Can you expand on your statement about income ta...
by NYCPete
Tue Mar 12, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Massachusetts Estate Planning
Replies: 48
Views: 2993

Re: Estate Planning

I'm always surprised that estate planning questions get such limited answers. It's an area where many Bogleheads might need some help and personal knowledge helps when seeking professional help. Part of the reason for this is the kind of information that might be needed for decent estate planning a...
by NYCPete
Tue Mar 12, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Massachusetts Estate Planning
Replies: 48
Views: 2993

Re: Estate Planning

I'm in the nice position of being retired and pretty comfortable. I've paid off the mortgage and the house is worth around $1M and I have another $2M in 401ks, IRAs, taxable accounts. I live of rent from a downstairs apartment and a defined benefit pension so the size of my portfolio keeps growing....
by NYCPete
Fri Mar 01, 2019 12:04 pm
Forum: Personal Consumer Issues
Topic: Priority boarding - Why?
Replies: 147
Views: 8967

Re: Priority boarding - Why?

Space for carry-on bags is one benefit, and reduced chance of seat poaching of other passengers who wanted to sit together but couldn’t get seats next to each other... I don’t think I follow. If you are a ticket holder for a numbered seat, how does one’s seat get poached (outside of double-booking)...
by NYCPete
Thu Feb 14, 2019 10:25 am
Forum: Personal Investments
Topic: Is this idea irrational?
Replies: 23
Views: 1364

Re: Is this idea irrational?

The distribution of returns is not constant, and it doesn't stick to a calendar year schedule. Say you follow through and sell out and buy back in 60/40 January 1st 2020. What do you do if you're 7.5% down on February 14, 2020, instead of up? Sell out? If you're down 7.5% in February 2020 and your s...
by NYCPete
Tue Feb 12, 2019 1:56 pm
Forum: Personal Investments
Topic: First job 401k options
Replies: 16
Views: 1193

Re: First job 401k options

Hello, I'm a new attending and have some questions about financial planning and getting started doing the right things. I'm 30 and single, state taxes 5.1% rate, 35% tax bracket. My job got a new 401k plan (I wasn't eligible yet under the old one, so this is my first one) and I want to know what to...
by NYCPete
Thu Jan 31, 2019 1:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Prime Money Market yield over 2.5%
Replies: 232
Views: 51341

Re: Vanguard Prime Money Market yield over 2.5%

For those less math inclined (or lazy, like me! :P ), I've been using Eaton Vance's Tax Equivalent Yield (TEY) calculator for years, and it can work for many people's situations. EV keeps updating it with tax changes and it has continued to be useful. Notably, for us NYers it can input local taxes (...
by NYCPete
Tue Dec 18, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: So...do I keep buying more equities?
Replies: 49
Views: 6009

Re: So...do I keep buying more equities?

If you DCA and not 100 into the equity, you will win. Now it's not the time to be all in. institute and folks with 100% equity during last couple of years bull want to out to harvest the gain. You should wait at least until the market back to norm. What if you're 100% equities and have no gains to ...
by NYCPete
Tue Dec 18, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: So...do I keep buying more equities?
Replies: 49
Views: 6009

Re: So...do I keep buying more equities?

The key to investing is to buy low and sell high, right? It's pretty hard to make money doing the reverse! :P If you have an asset allocation that you stick with and rebalance when necessary, dollar cost averaging means you'll sometimes buy something low with the hope and expectation that you're buy...
by NYCPete
Fri Nov 16, 2018 2:23 pm
Forum: Personal Investments
Topic: Trying to figure out my best option for upcoming ESOP
Replies: 10
Views: 732

Re: Trying to figure out my best option for upcoming ESOP

One of my siblings participated in an ESOP for almost 20 years from a company that had it in place since the 80s (possibly longer). Her private company was recently bought by a company that is publicly owned and trades on the stock market. She decided not to receive shares of the new company and ins...
by NYCPete
Fri Nov 16, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Finances in NYC
Replies: 95
Views: 8742

Re: Finances in NYC

To the OP, Congrats on the job offer! You've gotten lots of interesting and insightful responses. It appears you're still finalizing where you'll live. Thought I'd throw in something to think about regarding commuting in NYC, as I didn't see it posted by others. I've lived in NYC over 15 years, but ...
by NYCPete
Thu Oct 11, 2018 2:20 pm
Forum: Personal Investments
Topic: Anyone tax loss harvesting bond funds?
Replies: 12
Views: 1307

Re: Anyone tax loss harvesting bond funds?

Is anyone tax loss harvesting bond funds or ETF's held in a taxable account? I have a couple that have some losses. I have pulled the trigger on one, but not the other. Yep! And really interested to see that I'm not the only one who's been doing this. I TLH'd out of Vanguard NY Muni long term earli...
by NYCPete
Tue Sep 18, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: Bond Funds vs. Individual Bonds: Can someone quanitfy?
Replies: 31
Views: 2162

Re: Bond Funds vs. Individual Bonds: Can someone quanitfy?

Thank you so much everyone for your replies. I guess I just wish I completely understood the math and could be completely convinced that bond funds are the way to go. I recognize that I don't really have a good alternative because I am not going to create and manage my own very diversified portfoli...
by NYCPete
Thu Sep 13, 2018 2:20 pm
Forum: Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2511

Re: Do you rollover all of your previous 401ks?

Now that I've joined a new company, my slice and dice portfolio has gotten quite hectic with all of the various options I'm currently contributed to: https://i.imgur.com/V7GthId.jpg> Some of these options within each 401k are excellent, which is why I've currently not rolled over from Company 1 to ...
by NYCPete
Wed Aug 29, 2018 11:32 am
Forum: Personal Investments
Topic: Thoughts on paying off debt vs investing
Replies: 32
Views: 2542

Re: Thoughts on paying off debt vs investing

Reposting what I said on another thread about debt awhile back, as I think it's relevant here: https://www.bogleheads.org/forum/viewtopic.php?t=168437#p2536061 Not a common view around here or probably any where else, but I think student loans are the worst kind of debt, bar none. Here's what a stud...
by NYCPete
Mon Aug 27, 2018 12:24 pm
Forum: Personal Investments
Topic: Need Help: How do I sell my current holdings and use the losses as a tax benefit?
Replies: 11
Views: 788

Re: Need Help: How do I sell my current holdings and use the losses as a tax benefit?

Thank you all for your replies. Here are the details of the taxable account: Symbol Cost Basis Gain/Loss $ Capital Gains? BUD $25,250.16 -$4,040.65 -- ARCC $16,919.30 $1,689.61 -- BNPQY $25,396.31 -$5,748.31 -- FUN $19,847.78 $873.92 -- CCI $23,165.29 $4,152.21 -- JNJ $23,662.92 $1,963.98 -- MCK $2...
by NYCPete
Mon Aug 27, 2018 10:21 am
Forum: Personal Investments
Topic: Need Help: How do I sell my current holdings and use the losses as a tax benefit?
Replies: 11
Views: 788

Re: Need Help: How do I sell my current holdings and use the losses as a tax benefit?

Just a reminder to carefully review your understanding of the rules on taking capital losses before you start selling stuff. Wash sale rules mean you can't repurchase within 30 days of selling. But they also mean you can't have purchased that same security the 30 days before you sell it either. Sinc...
by NYCPete
Wed Aug 15, 2018 3:34 pm
Forum: Personal Investments
Topic: Trying to simplify - 18 holdings all less than 1% of total portfolio
Replies: 11
Views: 835

Re: Trying to simplify - 18 holdings all less than 1% of total portfolio

I want to add on to what others said about your charitable budget and donating appreciated stock. Here's how it works in practice: Let's say you normally give $5,000 a year in charitable gifts to two organizations for $2,500K a piece. -This year, don't give those orgs the cash you've budgeted. Take...
by NYCPete
Wed Aug 15, 2018 1:56 pm
Forum: Personal Investments
Topic: Trying to simplify - 18 holdings all less than 1% of total portfolio
Replies: 11
Views: 835

Re: Trying to simplify - 18 holdings all less than 1% of total portfolio

I want to add on to what others said about your charitable budget and donating appreciated stock. Here's how it works in practice: Let's say you normally give $5,000 a year in charitable gifts to two organizations for $2,500K a piece. -This year, don't give those orgs the cash you've budgeted. Take ...
by NYCPete
Tue Aug 14, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 115425

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

It's really fascinating to be in a position to distinctly remember what the tone and tenor of the Bogleheads forum was 10 years ago, and to remember conversations from back on the M* forums. It was all about how Int'l had outperformed U.S., and whether it was appropriate to hold less than 50% of sto...
by NYCPete
Tue Aug 14, 2018 10:44 am
Forum: Personal Investments
Topic: Moving rollover IRA to 401k- timing and lost returns.
Replies: 10
Views: 712

Re: Moving rollover IRA to 401k- timing and lost returns.

I just did this exact process over the last couple months. It stunk, because I was moving a rollover IRA from Vanguard to a 401k that has a 0.30% admin fee. I'd heard bad things about Vanguard's customer service, so was apprehensive about how long things would take. It went off quickly and without a...
by NYCPete
Wed Aug 08, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 5110

Re: If it were March, 2000, would you still allocate 50% to Stocks?

If I were in March of 2000, with the knowledge and investing know-how that I have now, but with no foresight of what was to come, I would have listened to Mel and LOADED UP on iBonds at their then current rates as much as I was able. Beyond that, I would have done an asset allocation in line with my...
by NYCPete
Mon Jun 18, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Wills & Trust Lawyer
Replies: 8
Views: 1134

Re: Wills & Trust Lawyer

The American College of Trust and Estate Counsel may be a good place to start, as you can limit the search by state, city, zip code etc. Beyond just wills, trusts, and general estate planning, many ACTEC lawyers specialize in wealth transfer and tax planning, elder law, asset protection, charitable ...
by NYCPete
Wed Mar 07, 2018 3:26 pm
Forum: Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 13181

Re: Ok fellow boggelheads, was the correction earlier this year scary?

As I said it's the first time that I have "lost" money since I started and I'm trying to get a feel for where this lies on the scale from yawn to white knuckle. This is thus far a complete non-event, though it may or may not be over yet. The worst test for your resolve will be when unemployment cla...
by NYCPete
Thu Jan 04, 2018 3:04 pm
Forum: Personal Investments
Topic: stay with old employer 401k with fees or rollover to a Vangaurd account tIRA?
Replies: 20
Views: 1755

Re: stay with old employer 401k with fees or rollover to a Vangaurd account tIRA?

Hi Everyone! You all rock btw. I searched for this but couldn't find an answer this specific. I'm trying to decide if I should leave my money in the 401k i had with my previous employer or roll it over to a Vangaurd account traditional IRA. I am unemployed full time student and probably will be for...
by NYCPete
Mon Sep 18, 2017 12:28 pm
Forum: Investing - Theory, News & General
Topic: What is the main purpose of rebalancing?
Replies: 59
Views: 6247

Re: What is the main purpose of rebalancing?

As a side benefit, selling your outperformers and buying underperformers is the definition of "buy low / sell high", the formula for making money in the market. :wink: It takes a lot of proving to show that rebalancing actually does any such thing. The actual effect of rebalancing in the long term ...
by NYCPete
Mon Sep 18, 2017 10:43 am
Forum: Investing - Theory, News & General
Topic: What is the main purpose of rebalancing?
Replies: 59
Views: 6247

Re: What is the main purpose of rebalancing?

All main U.S. stock indexes are reaching historic new highs, and bond indexes are dropping. It seems to be a good time to rebalance. However, it is painful to sell the winners and buy the losers. So what is the main purpose of rebalancing? Is it preserving the stability of a portfolio, or increasin...
by NYCPete
Sat Jul 29, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 7770

Re: Philosophy major and future law student

So far, 12 hours after OP's post, and 39 replies later, OP still hasn't answered numerous responders who've asked for clarification on whether it's the philosophy degree, law school, or the combination of the two that OP thinks is unwise. Lucky for him, Bogleheads are nice enough to try to be helpfu...
by NYCPete
Thu Mar 09, 2017 12:53 pm
Forum: Personal Investments
Topic: At what $ level should someone really start diversifiying?
Replies: 25
Views: 2995

Re: At what $ level should someone really start diversifiying?

There's no set $ amount one needs to reach to diversify. It's different for everyone based on their income and ability to save. Generally speaking, contributions trump asset allocation up until one's savings equal 2x your annual income. After that, asset allocation starts to play a bigger role in th...
by NYCPete
Wed Mar 01, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Question about breaking trust
Replies: 18
Views: 2157

Re: Question about breaking trust

[...]when suggested to open/dissolve.. a perhaps better term than break... the trust and to follow the will, to disburse properties and close up the estate, considerable resistance is exerted to leave things alone . Deposits into a designated trust account are being made and then expenses paid. Whe...