Search found 206 matches

by HMSVictory
Fri Mar 05, 2021 7:21 am
Forum: Personal Investments
Topic: Lump summing with a large amount of money and doing it with self directed brokerage.
Replies: 12
Views: 812

Re: Lump summing with a large amount of money and doing it with self directed brokerage.

Some excellent posts above mine... agree with most of them. Just like you have an IPS for your investments - create a plan for this inheritance. I would suggest you invest, spend and give a portion of it. Set a ratio for each portion. As for the investing portion I would strongly suggest a set it an...
by HMSVictory
Thu Mar 04, 2021 6:39 am
Forum: Personal Investments
Topic: How to invest Emergency fund money?
Replies: 22
Views: 1861

Re: How to invest Emergency fund money?

Leave it in cash. The emergency fund is not an investment - it is insurance to protect your investments.
by HMSVictory
Wed Mar 03, 2021 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Big Raise: What to Do With It
Replies: 45
Views: 3316

Re: Big Raise: What to Do With It

There are only 3 things you can do with money. You can save it (or invest), give it and spend it. You should be doing all 3 with this great income. I would knock that house mortgage out in 2 years max. Then I would begin aggressively building my investment portfolio. When COVID is done take your fam...
by HMSVictory
Wed Mar 03, 2021 4:49 pm
Forum: Investing - Theory, News & General
Topic: How crazy is it to hold 100% equities until retirement? (ERN)
Replies: 540
Views: 20705

Re: How crazy is it to hold 100% equities until retirement? (ERN)

It is not crazy at all if you can avoid drawing down on the principal during down years. In other words if you never have to sell you will be fine. I've give you a for instance: if your SSI, pension or other income pays all of your expenses then you can be 100% equities. FIxed income gives you a pot...
by HMSVictory
Wed Mar 03, 2021 6:59 am
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17169

Re: best wristwatch for the price

I'll touch on a few of the points above about value and watches. I have a few nice Rolex watches that have appreciated a lot in value over time since I bought them. I buy them to mark milestones. Each one has a meaning to me - like the Explorer 2 polar dial my wife gave me for our wedding day. I wil...
by HMSVictory
Tue Mar 02, 2021 4:52 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 184
Views: 17169

Re: best wristwatch for the price

Here are my picks at each price range:

$50 - G shock
$250 - Seiko diver or dress watch
$500 - iWatch
$10,000 - Rolex Submariner - ha! Just for fun!
by HMSVictory
Tue Mar 02, 2021 4:51 pm
Forum: Personal Consumer Issues
Topic: Geothermal HVAC Replacement
Replies: 7
Views: 659

Re: Geothermal HVAC Replacement

We installed a $300k geothermal system in a commercial property that belonged to my employer... it wasn't installed correctly and the parking lot collapsed into the cooling tubes. Cost another $250k to replace it with a hybrid system that still did not work for 3 years. I feel your pain - what a mess!
by HMSVictory
Tue Mar 02, 2021 4:47 pm
Forum: Personal Consumer Issues
Topic: Should I buy this 4Runner with my current situation?
Replies: 46
Views: 3324

Re: Should I buy this 4Runner with my current situation?

I'm driving a T4R trail edition 2012 with 82k miles on it. Runs like a clock with regular maintenance. I use it for the things you have mentioned and it does all of them very well. Holds a lot of people and gear too for the size of the vehicle. Ditch the factory tires immediately for a good AT or po...
by HMSVictory
Tue Mar 02, 2021 10:24 am
Forum: Investing - Theory, News & General
Topic: Debt is a Negative Bond - The White Coat Investor
Replies: 508
Views: 24135

Re: Debt is a Negative Bond - The White Coat Investor

I concur with this analysis.... debt is a negative bond (your payment is the coupon to the issuer). Keeping a 3-4% mortgage while earning 1% on bonds is madness to me. Many people on this board argue against paying off a mortgage yet they hold an allocation to bonds which pays less than the mortgage...
by HMSVictory
Tue Mar 02, 2021 10:00 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 55
Views: 10981

Re: Vanguard Personal Advisor Services

My mother has been using PAS for a while now and is very happy with the service. It gives her someone to talk to and run ideas by and they provide a lot of hand holding. I find the .30% charge to be fair for what you get. I suggested that she use the service even though I could have advised her beca...
by HMSVictory
Tue Mar 02, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another, How Much House Can We Afford?
Replies: 14
Views: 1088

Re: Yet Another, How Much House Can We Afford?

KISS.

I would only do a 15Y mortgage where the payments are 25% or less than my take home pay. With this type of ratio you will be very safe in buying a home. I would put down as much as possible.... my favorite is 100%.
by HMSVictory
Tue Mar 02, 2021 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Putting more than 20% down on a home?
Replies: 38
Views: 3584

Re: Putting more than 20% down on a home?

Nothing wrong with putting 100% down on a house.... cash buyer talks.

Appraisals are not worth much - more of a way for the bank to CYA. They are based upon comparable market analysis which a realtor can do for you.
by HMSVictory
Tue Mar 02, 2021 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How to payoff and still protect a sibling's home
Replies: 51
Views: 3970

Re: How to payoff and still protect a sibling's home

You can not force someone to be responsible. There is no way for you to pay the house off and protect him from himself. He will find a way to borrow against it. If you are INTENT on doing this then he can sell you the house and you can rent it to him for $1 per year. That way it is paid off his expe...
by HMSVictory
Tue Mar 02, 2021 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14394

Re: Can we afford a $2.5M first home?

This doesn't sound fun.... I think 1.5M is more your price range. I would do a 15Y mortgage that is no more than 25% of your take home pay. YMMV
by HMSVictory
Mon Mar 01, 2021 6:59 am
Forum: Personal Investments
Topic: Bonds???
Replies: 20
Views: 1752

Re: Bonds???

BND or VBMFX I am already in VBTLX, VFIDX and BNDX so that doesnt answer the question. The question is should one in there 401ks being doing something different then having all Bonds in the 401ks If that is what your IPS calls for then go for it. Sounds miserable to me though.... I prefer all VTI! ...
by HMSVictory
Mon Mar 01, 2021 6:43 am
Forum: Personal Investments
Topic: Bonds???
Replies: 20
Views: 1752

Re: Bonds???

BND or VBMFX
by HMSVictory
Mon Mar 01, 2021 6:40 am
Forum: Personal Investments
Topic: Helping mom with late father's finances
Replies: 29
Views: 2799

Re: Helping mom with late father's finances

I'm sorry for your loss. I am dealing with a similar situation with my mom right now - she's 70. I concur with other posters that commented that the $240 mortgage is not ideal. Would she consider selling the property and downsizing to smaller - less maintenance intensive home (like a condo)? Ideally...
by HMSVictory
Mon Mar 01, 2021 6:30 am
Forum: Personal Investments
Topic: Where to put funds short term
Replies: 8
Views: 911

Re: Where to put funds short term

Online FDIC insured savings account.
by HMSVictory
Mon Mar 01, 2021 6:28 am
Forum: Personal Investments
Topic: Pay off our house or invest?
Replies: 37
Views: 2891

Re: Pay off our house or invest?

This is an easy one. Sell every share of AAPL and pay off the house today. Take what is left and invest it in VTI or whatever your AA is. Here's the important part.... now take whatever your mortgage payment was say $2k per month and invest that in VTI every month. I did this a few years ago and onc...
by HMSVictory
Mon Mar 01, 2021 6:21 am
Forum: Investing - Theory, News & General
Topic: Market madness portfolio
Replies: 74
Views: 4246

Re: Market madness portfolio

I think you hit the nail on the head with the name "market madness" and this strikes me as the "pets.com" buys of 2021.

None of these are ways to build long term wealth. Sorry. I'd buy VTI and be done with it.
by HMSVictory
Sun Feb 28, 2021 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 10813

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

I did exactly what your are proposing to do in 2018. I cleaned out my taxable investment accounts and became totally debt free. There is something inside you that snaps when you have zero payments - its hard to describe and once you get there you are NEVER going back. The other thing that happens i...
by HMSVictory
Sat Feb 27, 2021 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing
Replies: 140
Views: 10813

Re: Prepaying Mortgage Aggressively (Ramsey approach) vs. Investing

I did exactly what your are proposing to do in 2018. I cleaned out my taxable investment accounts and became totally debt free. There is something inside you that snaps when you have zero payments - its hard to describe and once you get there you are NEVER going back. The other thing that happens is...
by HMSVictory
Sat Feb 27, 2021 7:09 am
Forum: Personal Finance (Not Investing)
Topic: too much in 401k may be forced to quit job
Replies: 183
Views: 16691

Re: too much in 401k may be forced to quit job

This is a serious breach of confidential information that should not have been shared with anyone at your company. I would file a complaint in writing with the boss asap. I personally would ignore this noise as broke gossipers and go about my own business. Tell them you enjoy working and can retire ...
by HMSVictory
Sun Feb 21, 2021 7:16 am
Forum: Personal Consumer Issues
Topic: What is so special about the Toyota Tacoma?
Replies: 97
Views: 10404

Re: What is so special about the Toyota Tacoma?

Supply vs demand. They only make a very limited number of the TRD PRO models and they are in high demand. The hard to find colors are in very high demand. Check out the used prices on a Trail Team FJ Cruiser from 12-14 - more than new. Silverados and F150s are a dime a dozen (other than the Raptor)....
by HMSVictory
Sun Feb 21, 2021 7:07 am
Forum: Personal Investments
Topic: Why do I never see a 50/50 split on this site or other sites?
Replies: 45
Views: 4194

Re: Why do I never see a 50/50 split on this site or other sites?

VPAS uses 50/50 portfolios for people who are retired.

The 60/40 portfolio is the basis for the Balanced index fund (which I consider set it and forget it for almost everyone) and was also used by the Trinity Study for the much quoted 4% withdraw "suggestion" its not a rule (ha).
by HMSVictory
Sun Feb 21, 2021 6:59 am
Forum: Personal Investments
Topic: New Boglehead- Am I Overthinking?
Replies: 15
Views: 1732

Re: New Boglehead- Am I Overthinking?

Hello and welcome to the forum. Either the target date fund or your 80/20 split would be fine. I prefer the lower expense 2 fund portfolio but it won't make a huge difference. I do not like how target date funds automatically shift you to be more conservative over the years. Just personal preference...
by HMSVictory
Sun Feb 21, 2021 6:40 am
Forum: Personal Investments
Topic: Give me feedback on my ideas for mid-term holdings
Replies: 19
Views: 1494

Re: Give me feedback on my ideas for mid-term holdings

5-7 years I'm going with VTI or at least a 70/30 split of VTI and BND. When you get ready to buy the house I would move it all to cash.

Are you going to be adding more funds into this account or just leaving it alone?
by HMSVictory
Sun Feb 21, 2021 6:37 am
Forum: Personal Investments
Topic: Where to put $80k?
Replies: 25
Views: 3579

Re: Where to put $90k?

Your emergency fund should be 3-6 months of your expenses that it takes you to run your household. Sounds like your tier 1 bucket is plenty.

Deploy the other $90k into your AA. Or just dump the entire thing into VTI and be done with it (easy button for the win).
by HMSVictory
Sun Feb 21, 2021 6:32 am
Forum: Personal Investments
Topic: Advice Needed for Windfall
Replies: 15
Views: 1669

Re: Advice Needed for Windfall

I'm going to give you 2 options. First off if you want growth you must take equity risk. I would steer clear of CDs and bank products. Your 80/20 portfolio is a good example. Since this money will be put away for a long period of time I would go with the same portfolio for the entire $2.4M. It will ...
by HMSVictory
Sun Feb 14, 2021 5:12 pm
Forum: Personal Consumer Issues
Topic: [Toyota 4 Runner owners -- opinions?]
Replies: 54
Views: 3719

Re: [Toyota 4 Runner owners -- opinions?]

Depends on what you "want" because you want it, and what your needs are: We test drove the Highlander and 4 Runner extensively, as well as other equiv. cars from other makers, over the past 2 years. Just bought a 2021 Toyota 4Runner TRD Pro 4wd with all the goodies for DW. ($50k+) Needs: ...
by HMSVictory
Sun Feb 14, 2021 5:09 pm
Forum: Personal Consumer Issues
Topic: [Toyota 4 Runner owners -- opinions?]
Replies: 54
Views: 3719

Re: [Toyota 4 Runner owners -- opinions?]

I own a 2012 4Runner trail edition. It's been the best vehicle I have owned. With that being said - its a niche vehicle with some serious pluses and minuses. Your highlander is basically a camry with AWD and bigger. Its a car. When you go to the 4Runner you are getting a solid steel frame vehicle, l...
by HMSVictory
Sun Feb 14, 2021 1:07 pm
Forum: Personal Investments
Topic: Sleeping well at night with a mortgage - how?
Replies: 30
Views: 3933

Re: Sleeping well at night with a mortgage - how?

I sleep like a baby without one. Pay it off and if you hate it you can easily go back into debt.
by HMSVictory
Sun Feb 14, 2021 12:36 pm
Forum: Investing - Theory, News & General
Topic: The premise of the "emergency fund" is flawed
Replies: 559
Views: 29249

Re: The premise of the "emergency fund" is flawed

It is funny how these threads always pop up when the market is at record levels, when the emergency fund is all but a drag on the portfolio. We should instead have these discussions right in the middle of a crash or deep recession. Agreed. Sigh... so many people are not familiar with Murphy's Law.
by HMSVictory
Sun Feb 14, 2021 12:32 pm
Forum: Investing - Theory, News & General
Topic: The premise of the "emergency fund" is flawed
Replies: 559
Views: 29249

Re: The premise of the "emergency fund" is flawed

The return on the emergency fund won't make you rich. The protection it gives your portfolio from being forced to sell at exactly the wrong time (or in the wrong account) will. There is no upside to not having an emergency fund worth the hassle IMO. The downside to including the emergency fund in t...
by HMSVictory
Sat Feb 13, 2021 9:00 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 525
Views: 41132

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

Reversion to the mean is a powerful force..... buying into the super hot fund up 161% in a year always ends in disaster. When the performance slips the hot money will run for the exits and someone will be left without a chair.
by HMSVictory
Sat Feb 13, 2021 8:48 pm
Forum: Investing - Theory, News & General
Topic: The premise of the "emergency fund" is flawed
Replies: 559
Views: 29249

Re: The premise of the "emergency fund" is flawed

The return on the emergency fund won't make you rich. The protection it gives your portfolio from being forced to sell at exactly the wrong time (or in the wrong account) will. There is no upside to not having an emergency fund worth the hassle IMO. The downside to including the emergency fund in th...
by HMSVictory
Tue Feb 09, 2021 8:15 pm
Forum: Personal Investments
Topic: Debts above 5% interest versus below
Replies: 6
Views: 493

Re: Debts above 5% interest versus below

Get out of all debt as quickly as possible. I would consider selling both of those cars and moving into $5k cash cars. The more you sacrifice the faster this will go and the more quickly you will be able to build wealth and have nice things. You are trying to do too many things at once. Focus on the...
by HMSVictory
Sun Feb 07, 2021 12:56 pm
Forum: Personal Consumer Issues
Topic: Laptop Decision
Replies: 78
Views: 4526

Re: Laptop Decision

I have owned a number of Macs going back to my 2003 Powerbook G4 and loved them all. This winter I purchased the new Macbook Air M1 for my wife to use. Base model with 512gb of hard drive space. It is revolutionary. The speed and processing power is insane. It feels about 4x faster than her 2013 Pow...
by HMSVictory
Sun Feb 07, 2021 11:21 am
Forum: Personal Consumer Issues
Topic: 2021 Jeep Grand Cherokee
Replies: 35
Views: 2478

Re: 2021 Jeep Grand Cherokee

I own a 2012 Toyota 4Runner and it has been the best vehicle I have ever owned. 9 years old and zero broken things / or issues. Prior to this I owned a 2006 Grand Cherokee with the V8. It was not the current generation you are looking at (which will be replaced next year). It started to have a lot o...
by HMSVictory
Sat Feb 06, 2021 7:30 am
Forum: Personal Investments
Topic: Portfolio perspective and check up: $4.5M at 42, 80/20
Replies: 23
Views: 4304

Re: Portfolio perspective and check up: $4.5M at 42, 80/20

Looks like your net worth is creeping up to the $10M mark. Clearly you are highly skilled at what you do. Congrats on that. I find it ridiculous for you to keep a mortgage! Pay that sucker off today. I would stay with the 2 or 3 fund portfolio as it will scale easily from 10M to 100M. Don't try to o...
by HMSVictory
Sat Feb 06, 2021 7:02 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8719

Re: If I can afford major risk, is a 100% stock position the best return

100% equities will give you the chance for the highest returns. It will be the highest volatility as well. Will it give you the highest risk adjusted return possible? We do not know. I do not believe in an all or nothing approach to anything in life so I go with 90/10. I don't see much downside to k...
by HMSVictory
Sat Feb 06, 2021 6:53 am
Forum: Personal Finance (Not Investing)
Topic: SWR at age 40 [Safe Withdrawal Rate]
Replies: 95
Views: 6834

Re: SWR at age 40 [Safe Withdrawal Rate]

There are lots and lots of threads about SWR but it is important to remember that they are based on academic studies which may be good for finding red flags when you have unrealistic plans like a 7% withdrawal rate but they are not really intended to tell you if 2.5, 3.0, or 3.5 percent is magicall...
by HMSVictory
Fri Feb 05, 2021 8:01 pm
Forum: Personal Investments
Topic: Where to invest if equities are not an option
Replies: 8
Views: 860

Re: Where to invest if equities are not an option

"Safety" is a relative term. You may eliminate market risk but guarantee you will not keep pace with inflation. That is very risky to me. Slowly over the years you will loose purchasing power...... the only thing we don't know is exactly how much. With the money printing press running full...
by HMSVictory
Sun Jan 31, 2021 3:11 pm
Forum: Personal Investments
Topic: Now in Retirement, asking for strategy thoughts
Replies: 32
Views: 3281

Re: Now in Retirement, asking for strategy thoughts

Just maintain the 50/50 allocation and take the 4% withdrawal from whatever pool you need to maintain it. You’ll sell stocks in years when equities are ahead and bonds/cash in years where the market does poorly. Automatic buy low, sell high. I concur with this strategy. Come up with your AA (50/50 ...
by HMSVictory
Sun Jan 31, 2021 2:42 pm
Forum: Personal Investments
Topic: Keep separate asset allocation for tax-deferred and taxable?
Replies: 16
Views: 1122

Re: Keep separate asset allocation for tax-deferred and taxable?

If your goal for taxable is retirement then your time horizon is the same or maybe slightly shorter if you plan on using these funds to bridge you to 59.5 to access your IRAs. It doesn't matter how high of a tax bracket you are in. I like converting and contributing to Roths. Its tax diversification...
by HMSVictory
Sun Jan 31, 2021 2:42 pm
Forum: Personal Investments
Topic: Keep separate asset allocation for tax-deferred and taxable?
Replies: 16
Views: 1122

Re: Keep separate asset allocation for tax-deferred and taxable?

If your goal for taxable is retirement then your time horizon is the same or maybe slightly shorter if you plan on using these funds to bridge you to 59.5 to access your IRAs. It doesn't matter how high of a tax bracket you are in. I like converting and contributing to Roths. Its tax diversificatio...
by HMSVictory
Sun Jan 31, 2021 2:41 pm
Forum: Personal Investments
Topic: Keep separate asset allocation for tax-deferred and taxable?
Replies: 16
Views: 1122

Re: Keep separate asset allocation for tax-deferred and taxable?

If your goal for taxable is retirement then your time horizon is the same or maybe slightly shorter if you plan on using these funds to bridge you to 59.5 to access your IRAs. It doesn't matter how high of a tax bracket you are in. I like converting and contributing to Roths. Its tax diversification...
by HMSVictory
Sun Jan 31, 2021 2:41 pm
Forum: Personal Investments
Topic: Keep separate asset allocation for tax-deferred and taxable?
Replies: 16
Views: 1122

Re: Keep separate asset allocation for tax-deferred and taxable?

Goal for taxable is mainly retirement as I do not have any income so can't contribute to 401(K). Joint income too high for ROTH. Can't do backdoor ROTH as I have more than $125,000 in Rollover IRA from 401K from my previous employer. I was under the impression that converting to ROTH in high income...
by HMSVictory
Sun Jan 31, 2021 6:10 am
Forum: Personal Investments
Topic: Keep separate asset allocation for tax-deferred and taxable?
Replies: 16
Views: 1122

Re: Keep separate asset allocation for tax-deferred and taxable?

The key to this is the what is the goal for your taxable accounts? For me they are part of my retirement funds so they have the same time horizon as my Roth and tax deferred accounts. I would execute on your 70/30 AA and put the entire $186k into stock in your taxable account and make 1 trade to add...
by HMSVictory
Sun Jan 31, 2021 5:57 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 481
Views: 41078

Re: What is Your Age and Asset Allocation?

42 years old.

90/10 stocks to bonds. My only bonds are in Wellington fund otherwise I'm all stock.