Search found 751 matches

by bertie wooster
Wed May 18, 2016 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 4621

Re: ITOT vs VTI in 2016

I don't think so. Certainly not if you will hold the fund in a tax sheltered account. If you are in a taxable account it is something to consider - but then you'll be tax lost harvesting as well so you may end up holding both depending on what funds you choose as TLH partners. VTI hasn't issued a ca...
by bertie wooster
Wed May 18, 2016 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: A very large sum and a unique situation
Replies: 24
Views: 3156

Re: A very large sum and a unique situation

The son needs to at least consult estate/tax attorneys since this involves multiple families and probably complex legal/family/tax issues.
by bertie wooster
Wed May 18, 2016 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 4621

Re: ITOT vs VTI in 2016

Per Morningstar VTI has 27.97% potential cap gains exposure. ITOT has 7.08% exposure. That's interesting. I would think through the creation of creation units VTI would be able to get rid of most of its cap gains, but I guess not. I'm guessing the reason is possibly because the funds were started a...
by bertie wooster
Wed May 18, 2016 11:22 am
Forum: Investing - Theory, News & General
Topic: re-investing dividends in withdrawal phase taxable
Replies: 8
Views: 1188

Re: re-investing dividends in withdrawal phase taxable

Since you are using the average cost basis accounting method I don't think it matters. If you were using specific share ID accounting method then this would make things unnecessarily complex. As far as paying more taxes - using specific share ID allows you to harvest losses much more easily so it wi...
by bertie wooster
Wed May 18, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: ITOT vs VTI in 2016
Replies: 25
Views: 4621

Re: ITOT vs VTI in 2016

If you are with Fidelity ITOT is commission free, if you are with Vanguard VTI is commission free. Probably as good a way to decide as any. Agree - these funds are essentially identical, you'll be fine with either one. They follow different indexes so you could use as tax loss harvesting partners (...
by bertie wooster
Wed May 18, 2016 11:11 am
Forum: Personal Consumer Issues
Topic: Higher condo fees on higher floor units?
Replies: 25
Views: 2844

Re: Higher condo fees on higher floor units?

I wouldn't plan on this one changing OP - you're going to have to live with it (or if you are considering buying then factor this not changing into your calculus).
by bertie wooster
Wed May 18, 2016 11:09 am
Forum: Investing - Help with Personal Investments
Topic: When to sell?
Replies: 87
Views: 6069

Re: When to sell?

As mentioned earlier I think you need to sit back and make a plan for how you want to invest your money. You need to start with the basics - stock/bond allocation, domestic/international allocation in stocks, maximizing retirement account savings, getting an e-fund, paying of debts, etc. My recommen...
by bertie wooster
Wed May 18, 2016 11:08 am
Forum: Personal Consumer Issues
Topic: Did your children ever completely move out?
Replies: 53
Views: 5464

Re: Did your children ever completely move out?

When we left the house my brother took everything or got rid of it after college. I joined the marines and I think my parents felt a bit sorry for me so lots of my stuff stayed in my bedroom. 25 years later my parents have long since moved but I've got boxes of comic books and baseball cards and coi...
by bertie wooster
Wed May 18, 2016 11:05 am
Forum: Investing - Theory, News & General
Topic: The inventor of the 401(k) says he created a ‘monster’
Replies: 28
Views: 5921

Re: The inventor of the 401(k) says he created a ‘monster’

Agree wholeheartedly - yes you can save in a 401k and some folks are lucky to have decent options. But there should be a better way since many have plans with horrible, expensive options that enrich the fund providers at the expense of the worker. And many people don't have plans at all. I've been ...
by bertie wooster
Tue May 17, 2016 5:21 pm
Forum: Investing - Theory, News & General
Topic: The inventor of the 401(k) says he created a ‘monster’
Replies: 28
Views: 5921

Re: The inventor of the 401(k) says he created a ‘monster’

401(k)s are horrible. Wouldn't you be happier just being able to contribute say 58k to an IRA where you get to pick the company you want to deal with rather than being at the mercy of some HR person who decides what the company match will be and what your investment options will be? Don't confuse t...
by bertie wooster
Tue May 17, 2016 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 5065

Re: selling classic car - tax?

Then we'll just have to agree to disagree because I wouldn't equate my advice to shoplifting. Ok, closer example. Someone pays you for a job in cash, and you don't report it. Earl I see your point, but I think these things are a matter of degree. If someone pays me 500 cash for some furniture I sol...
by bertie wooster
Tue May 17, 2016 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Kids investment
Replies: 26
Views: 2500

Re: Kids investment

Since these kids are being paid in cash it is highly likely that this is not W-2 income. OP - a Roth IRA is not an option here. IRA contributions require earned income, not W-2 income. I didn't realize this. So to contribute to an IRA w/o earned income do you need to prove taxes (FICA, etc.) were p...
by bertie wooster
Tue May 17, 2016 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Kids investment
Replies: 26
Views: 2500

Re: Kids investment

avalpert wrote:I hope you are also teaching them how to figure out their tax liability, including self-employment tax if they are earning cash not as a w2 employee.
I don't think a 16 year old making 100/week needs to worry about paying self employment taxes.
by bertie wooster
Tue May 17, 2016 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Kids investment
Replies: 26
Views: 2500

Re: Kids investment

Since these kids are being paid in cash it is highly likely that this is not W-2 income. OP - a Roth IRA is not an option here. IRA contributions require earned income, not W-2 income. I didn't realize this. So to contribute to an IRA w/o earned income do you need to prove taxes (FICA, etc.) were p...
by bertie wooster
Tue May 17, 2016 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 5065

Re: selling classic car - tax?

No, I'm saying the issue is irrelevant - but I expected people to get all fired up about it. Just like folks insist in another thread that a babysitter pay FICA rather then get paid in cash. I suppose that is also tax evasion and I am criminal in your eyes, but I don't waste my time on things like ...
by bertie wooster
Tue May 17, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 5065

Re: selling classic car - tax?

Agree. Don't waste anymore thought on this one. I haven't read all the replies, but knowing this crowd I'm sure some are recommending you consider reporting federal capital gains or at least trying to figure that out. You don't need to worry about capital gains taxes here, move along to something m...
by bertie wooster
Tue May 17, 2016 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off credit card, or save for mortgage?
Replies: 14
Views: 1281

Re: Pay off credit card, or save for mortgage?

Please pay off your credit card ASAP and ignore the advice of anyone who tells you to save for a mortgage instead.
by bertie wooster
Tue May 17, 2016 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Kids investment
Replies: 26
Views: 2500

Re: Kids investment

Custodial Roth IRA with Schwab: http://www.schwab.com/public/schwab/investing/accounts_products/accounts/ira/custodial_ira. $100 minimum and $0 fee for buying Schwab ETFs. https://www.bogleheads.org/wiki/Charles_Schwab might be pertinent. See also http://blog.famzoo.com/2011/04/pave-road-to-retirem...
by bertie wooster
Tue May 17, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: selling classic car - tax?
Replies: 44
Views: 5065

Re: selling classic car - tax?

I seriously doubt your sale will exceed the cost of storing and improving this investment. The purchaser will not be sending you a1099-b Agree. Don't waste anymore thought on this one. I haven't read all the replies, but knowing this crowd I'm sure some are recommending you consider reporting feder...
by bertie wooster
Tue May 17, 2016 12:31 am
Forum: Personal Finance (Not Investing)
Topic: Is it common for a step mother to inherit everything?
Replies: 105
Views: 37341

Re: Is it common for a step mother to inherit everything?

OP - my condolences, this must be very difficult to deal with @Randomguy, thanks for your kindness.lol. You are correct on one hand and yes, I'm upset with my father for leaving this mess. Although I could very easily argue and assume that his wife angled her way into his will, excluding his childre...
by bertie wooster
Mon May 16, 2016 12:58 pm
Forum: Investing - Theory, News & General
Topic: When is the last time Vanguard altered target date allocations?
Replies: 8
Views: 1404

Re: When is the last time Vanguard altered target date allocations?

As folks have said - too often. A few years back they also increased the stock allocation (in addition to the aforementioned increase in international equity and adding of international bonds). Another problem is that the target date funds (and Life Strategy Funds) do not get admiral status for the ...
by bertie wooster
Mon May 16, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Which Job Offer?
Replies: 18
Views: 2022

Re: Which Job Offer?

D and E sound best since based on your post you seem young and these jobs are the most stimulating and best for your career (by your estimation).
by bertie wooster
Mon May 09, 2016 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for a summer babysitting gig
Replies: 14
Views: 1844

Re: Taxes for a summer babysitting gig

You worry about it, because it is tax evasion otherwise. Is that what you want to teach your children in their first job? You really don't get to decide whether this is W-2 employment or self-employment. ... You need to educate this friend to do it the right way. Getting paid $9 instead of $10 is a...
by bertie wooster
Mon May 09, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes for a summer babysitting gig
Replies: 14
Views: 1844

Re: Taxes for a summer babysitting gig

She'll make 4k max? I wouldn't worry about it - let them pay her in cash and move on.

Are you doing this b/c you want her to make Roth IRA contributions?
by bertie wooster
Fri May 06, 2016 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 3409

Re: More House or More Investing?

Max out your retirement accounts (assuming you have an emergency fund - if you don't than fund that first) and then start working on your downpayment. You are in your mid 20's - give yourselves time to enjoy the beginning of your marriage and then figure if/when/how many kids you want. Once you have...
by bertie wooster
Thu May 05, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 65
Views: 7552

Re: Couples: Are you and your significant other on the same page financially?

I am in the same boat as OP, but we are at least 20-30 years away from retirement. My wife absolutely despises budgets (no amount of allocation to "Clothing - Casual" will satisfy her). The differences in approach towards saving/spending was initially frustrating, but I've learned to adjust. Basica...
by bertie wooster
Thu May 05, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Couples: Are you and your significant other on the same page financially?
Replies: 65
Views: 7552

Re: Couples: Are you and your significant other on the same page financially?

My wife and I do not see eye to eye on asset allocation. She is a 60/40 equity- bond person. I like 100 % stock, small value tilted to the max and I am very happy I have access to DFA Emerging markets small cap and DFA Int'l Small Cap Value I without an AUM fee. She is very generous in that it I fe...
by bertie wooster
Thu May 05, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: One job offer, what should I do??
Replies: 45
Views: 4960

Re: One job offer, what should I do??

Since you've already interviewed with the hiring manager, I would strongly recommend skipping the letter and just placing a phone call. If his secretary answers, you should identify yourself as somebody who has recently interviewed with said manager and would like to set up a time to speak with him...
by bertie wooster
Thu May 05, 2016 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Oh boy, what to do
Replies: 27
Views: 5182

Re: Oh boy, what to do

You have 80k of gold buried in your backyard???

Dig it up and sell it. Or at least store it somewhere safe.
by bertie wooster
Thu May 05, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: VTMSX in IRA
Replies: 6
Views: 1301

Re: VTMSX in IRA

I wouldn't, but if you want smaller companies and have confirmed yourself that tax managed small cap has smaller companies then go for it. There are also numerous ETF's that have smaller companies than Vanguard's small cap fund (I haven't bothered looking this up because I don't think it's worth the...
by bertie wooster
Wed May 04, 2016 11:26 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 2934

Re: Not at fault Car accident, should I file for Arbitration?

Sounds like you were in his blind spot, he didn't check, and tried to go into your lane.

I don't see how you are possibly at fault. I would insist on full payment from his insurance. What is GEICO telling you?
by bertie wooster
Mon May 02, 2016 11:53 am
Forum: Investing - Theory, News & General
Topic: Minimizing equities until a bear market if you already have enough
Replies: 22
Views: 2716

Re: Minimizing equities until a bear market if you already have enough

I think you should just lower your stock allocation - clearly your need to take risk is low.
by bertie wooster
Mon May 02, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: No tax advantaged accounts - all muni bonds?
Replies: 12
Views: 1599

Re: No tax advantaged accounts - all muni bonds?

I'd just use the intermediate term muni fund. Simple and I think it's diversified enough - clearly others disagree.
by bertie wooster
Wed Apr 27, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 67441

Re: Question for the Bogleheads Millionaires

This is just one man's opinion but to me living below one means brings up image of a monk-like existence. To me if you give regularly, save regularly, and pay expenses then you are living within your means. Those that live above their means spend more than they can afford. This is semantics then. M...
by bertie wooster
Wed Apr 27, 2016 11:25 am
Forum: Investing - Help with Personal Investments
Topic: VSUX versus IEFA [Vanguard Total Int'l vs. iShares MSCI EAFE]
Replies: 6
Views: 2800

Re: VSUX versus IEFA

They don't just track different indexes, they are markedly different funds. IEFA also lacks emerging markets (as well as Canada as you noted, I'm guessing it has South Korea but haven't looked closely). VXUS is all markets minus the US. VXUS is more diversified and probably more risky due to its inc...
by bertie wooster
Sun Apr 24, 2016 5:23 pm
Forum: Personal Consumer Issues
Topic: Fixing up your home - or just selling it?
Replies: 17
Views: 2009

Re: Fixing up your home - or just selling it?

As another poster said, you need to resign yourself to the bad timing-it's a sunk cost.

Sounds like you don't have the funds to buy right now (raiding retirement funds is NOT an option!).

Fix the deck, then prioritize projects that you need to fix.

Good luck!
by bertie wooster
Sat Apr 23, 2016 5:42 pm
Forum: Investing - Theory, News & General
Topic: mixing stocks in 3 fund portfolio
Replies: 12
Views: 1019

Re: mixing stocks in 3 fund portfolio

tludwig23 wrote:
RJBlues wrote:...but a buddy tells me...
Since there are no capital gains issues in a tax-advantaged account, I'd just sell them and buy the index fund. Unless your buddy is Warren Buffett.
Well said! +1
by bertie wooster
Sat Apr 23, 2016 5:39 pm
Forum: Investing - Theory, News & General
Topic: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade
Replies: 104
Views: 12611

Re: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade

ZenInvestor wrote:
bertie wooster wrote:
ControlContentment wrote:Market arbitrage. Over the next ten years I guarantee you dividend payers will underperform.
Have you shorted them?
That would be silly... He said under perform, not decline in value.
Good point, my mistake.

I find guarantees like this silly and was trying (and failed) to point this out.
by bertie wooster
Sat Apr 23, 2016 12:28 pm
Forum: Investing - Theory, News & General
Topic: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade
Replies: 104
Views: 12611

Re: Every DFA fund (ex-S&P 500) has underperformed the S&P 500 for the past decade

ControlContentment wrote:Market arbitrage. Over the next ten years I guarantee you dividend payers will underperform.
Have you shorted them?
by bertie wooster
Fri Apr 22, 2016 11:19 pm
Forum: Investing - Theory, News & General
Topic: Do you think this is a bad time to enter the market? With the dow at 18,000
Replies: 89
Views: 10479

Re: Do you think this is a bad time to enter the market? With the dow at 18,000

rec7, I think you should not invest in the market at all since you need to know when is a good time to enter the market. KlangFool How does this remark help anyone? When people are beginning they have questions and putting money on the stock market can be intimidating. I'm sure you had misgivings a...
by bertie wooster
Fri Apr 22, 2016 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Question for the Bogleheads Millionaires
Replies: 372
Views: 67441

Re: Question for the Bogleheads Millionaires

of money 2. Start saving regularly in your early 20's and never stop p.s. living below your means is overrated I always remember those early IRA ads that showed the beauty of compound interest. So if you invest x amount every year starting at the age of 21 you will be a millionaire before you retir...
by bertie wooster
Fri Apr 22, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 5932

Re: What do you wish you had known in your early 20's?

I wish I knew about asset allocation and index funds. It took the tech crash in 2000 for me to learn about indexing. See... I had found indexing by then; QQQ all the way - How could that go wrong :oops: . Ha! I was in the same boat! In addition to QQQ I had microsoft, JDSU, AHRMY, cisco, and a bunc...
by bertie wooster
Fri Apr 22, 2016 12:53 pm
Forum: Personal Consumer Issues
Topic: Volkswagen DieselGate Compensation - Any Tax Implications?
Replies: 20
Views: 8376

Re: Volkswagen DieselGate Compensation - Any Tax Implications?

We've got a 2012 Jetta Wagon and assuming the buyback price is fair we'll take that. The car has some other problems as well. VW has an incentive to offer a fair price so that people drop class actions. But everything is just rumors now - we'll have to wait a number of months to see what the actual ...
by bertie wooster
Wed Apr 20, 2016 3:06 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6393
Views: 1371708

Re: U.S. stocks in freefall

So, while know that I can't predict the market, i'm still tempted to sell a big part of my s&p500 index fund and sit on cash for awhile, maybe invest it in p2p lending if nothing else. Haven't done anything yet, definitely not an easy decision for me. This is a bad idea. If you're in cash you will ...
by bertie wooster
Wed Apr 20, 2016 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 5932

Re: What do you wish you had known in your early 20's?

I wish I knew about asset allocation and index funds. It took the tech crash in 2000 for me to learn about indexing.
by bertie wooster
Mon Apr 18, 2016 12:47 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 13583

Re: What are Pros and Cons to the "Four Hour Workweek?"

Didn't read the other posts so apologize if I am repeating, but the ONLY way someone is getting easy money in this world is if they are lying, cheating, stealing, marrying, or inheriting it. For everyone else and MUCH more so for self owning business folks they work hard to make it. Anyone who is s...
by bertie wooster
Mon Apr 18, 2016 12:39 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard High-Yield Tax-Exempt really a high yield fund?
Replies: 12
Views: 1732

Re: Is Vanguard High-Yield Tax-Exempt really a high yield fund?

It is appropriate for a high yield bond fund, but as Taylor says, most likely not appropriate for the portion of your allocation you put towards bonds.
by bertie wooster
Mon Apr 18, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 73
Views: 11088

Re: What expected % return should a longterm investor use?

I use 9% for my stock allocation and 4% for my bonds (I want to be conservative). Here is a Vanguard chart with various allocations: https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations I'm honestly trying to figure this comment out -- how is this considered conser...
by bertie wooster
Mon Apr 18, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: What expected % return should a longterm investor use?
Replies: 73
Views: 11088

Re: What expected % return should a longterm investor use?

I use 9% for my stock allocation and 4% for my bonds (I want to be conservative). Here is a Vanguard chart with various allocations: https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations I'm honestly trying to figure this comment out -- how is this considered conser...
by bertie wooster
Mon Apr 18, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: Emergency fund needed?
Replies: 17
Views: 2130

Re: Emergency fund needed?

If you have a ton of money sitting in ETF's then I think it's fine to use that as an e-fund (but I would keep a few thousand in liquid cash for quick access if needed). We keep a small portion of the our emergency fund in cash and the rest in Vanguard's CA intermediate term muni. Other folks think i...