Search found 726 matches

by StormShadow
Fri Sep 06, 2019 11:52 am
Forum: Personal Investments
Topic: Advice for 95 year old
Replies: 9
Views: 1221

Re: Advice for 95 year old

student wrote:
Fri Sep 06, 2019 11:25 am
There is no need to do anything. The portfolio has served her well and it will continue to serve her well. I suggest you do not do anything.
+1
by StormShadow
Mon Sep 02, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 90
Views: 4853

Re: How to help niece improve her driving

I’m going to suggest something a little unorthodox.

How about watching re-runs of Canada’s Worst Driver (lots on YouTube). At the very least, it’s worth a few laughs. :beer
by StormShadow
Sat Aug 31, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Electric razors
Replies: 25
Views: 2011

Re: Electric razors

Every 5-7 years, I get whatever Norelco razor is on sale at Costco.

But reading this thread is making me consider a Braun next!
by StormShadow
Sun Aug 25, 2019 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Physician first job offer negotiation advice
Replies: 8
Views: 1417

Re: Physician first job offer negotiation advice

1) There is usually a difference in compensation for first year vs 3+ year attending physicians. IMO, the money is the least important aspect of her contract. 2) Yes, this should be clarified and a hired attorney can help make this request. 3) If something is important to her, she can request it. If...
by StormShadow
Tue Aug 20, 2019 9:19 am
Forum: Personal Investments
Topic: Help getting out from under Northwestern and onto my own
Replies: 22
Views: 1715

Re: Help getting out from under Northwestern and onto my own

Questions: 1. What kind of tax hit should I expect liquidating the individual account above, and do you think that's the right move? 2. So I just finished JL Collins' "The Simple Path To Wealth", which has me ready to go all-in on stocks (VTSAX in particular) since I'm so young and just looking for...
by StormShadow
Mon Aug 12, 2019 11:54 pm
Forum: Personal Investments
Topic: Can having wealthy parents be a justification for a more aggressive investment strategy?
Replies: 97
Views: 7181

Re: Can having wealthy parents be a justification for a more aggressive investment strategy?

I know anything can happen and I hope my parents both live for a very long time to come, but I'd peg the odds of this inheritance coming through (i.e. not being squandered, spent down, or given away to the circus) at 99% . Umm, about that... after my parents divorced, my dad married a woman 30 year...
by StormShadow
Mon Aug 12, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 15394

Re: [Vanguard price glitches, incorrect market info for August 12, 2019]

VFORX and VIRSX both still showing 9.93% drop.

C'mon Vanguard!
by StormShadow
Wed Jul 31, 2019 12:04 am
Forum: Personal Investments
Topic: Father investing with Edward Jones
Replies: 43
Views: 4441

Re: Father investing with Edward Jones

What I would do... Watch The Retirement Gamble on PBS with him. https://www.pbs.org/wgbh/frontline/film/retirement-gamble/ If he’s up for the idea of switching to Vanguard and their low fee index funds... transfer in kind to Vanguard and transition to an age appropriate stock/bond mix of the three f...
by StormShadow
Tue Jul 23, 2019 6:56 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 6865

Re: Can we afford $600k home?

Don’t recommend it. Being house poor really stinks. Outside of the high monthly mortgage, fixing up a house is expensive and a pain in the rear. Also, with the current tax law... the standard deduction makes it tough to get much benefit from home ownership. I’d much rather have that extra money in t...
by StormShadow
Mon Jul 15, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Referral for Financial Planner
Replies: 17
Views: 1389

Re: Referral for Financial Planner

While not an approach for everyone, we used Ameriprise Financial for a one time plan a few years before we retired. Umm, no offense... but I do not recommend using Ameriprise nor Edward Jones. I recommend leaning to do it yourself. It is not hard at all. My rec’s... 1) Keep it simple. 2) Minimize/e...
by StormShadow
Sat Jul 13, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 7863

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

lostinthesauce wrote:
Sat Jul 13, 2019 9:22 am
Math, finance, and computers are what really interest me...
How about a career as an actuary?
by StormShadow
Fri Jul 12, 2019 9:39 pm
Forum: Personal Investments
Topic: What asset class is gold?
Replies: 41
Views: 2890

Re: What asset class is gold?

corn18 wrote:
Fri Jul 12, 2019 9:27 pm
I wish I could say I had a rational reason for buying gold. In reality, it will be cool to look at.
Meh, there are worse things to toss your money at.

I bought a few bullion coins for this reason.
by StormShadow
Fri Jul 12, 2019 9:36 pm
Forum: Personal Investments
Topic: my mom is a "financial advisor"
Replies: 66
Views: 7518

Re: my mom is a "financial advisor"

retiredjg wrote:
Fri Jul 12, 2019 8:34 pm
Avoid any discussion about who is right or wrong. That can lead nowhere good for either of you.
+1

Politely say no thanks, and leave it at that.
by StormShadow
Fri Jul 12, 2019 9:16 pm
Forum: Personal Investments
Topic: What asset class is gold?
Replies: 41
Views: 2890

Re: What asset class is gold?

corn18 wrote:
Fri Jul 12, 2019 8:46 pm
I own physical gold that is 9% of my portfolio. I want a 60/40 portfolio. But where does gold go? Is it equity or bond? Or should it sit outside the 60/40 as its own entity?
Where you would put cash.

The best way to look at gold in a portfolio is as a hedge against inflation.
by StormShadow
Fri Jul 12, 2019 9:50 am
Forum: Personal Investments
Topic: Should I continue to hold REITs?
Replies: 61
Views: 10725

Re: Should I continue to hold REITs?

Sorry for any thread redundancy. Last year, I added some REIT (VNQ) to my IRA portfolio (app 5%) and has done nothing but lose money. Frankly, with rising rates and with the state of commercial real estate, I'm not sure I have confidence with it in the long run. I thought it would be a good way to ...
by StormShadow
Wed Jul 10, 2019 12:51 am
Forum: Personal Investments
Topic: New guy in need of opinion
Replies: 15
Views: 1559

Re: New guy in need of opinion

123 wrote:
Wed Jul 10, 2019 12:00 am
If you need life insurance buy term insurance.
OP has a 20 year term insurance policy for $2 million.

Anyhow, I also recommend investing in taxable instead of whole life insurance.
by StormShadow
Tue Jul 09, 2019 10:34 am
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 97
Views: 10364

Re: Help - Talk to me like I'm 4 y/o please

The first and most important question you ask your advisor is “do you have a fiduciary duty to me?” No offense, but I don't see the utility of this. Vanguard doesn't have a fiduciary duty. So what? The vast majority of financial advisors (good or bad) don't have a fiduciary duty. Does having a fidu...
by StormShadow
Mon Jul 08, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any place you can buy a house for 50k west of Kansas?
Replies: 27
Views: 3862

Re: Is there any place you can buy a house for 50k west of Kansas?

https://www.zillow.com/homedetails/201-E-Cedar-St-Rawlins-WY-82301/114582329_zpid/ Here's one. I randomly picked a city. There are probably many places in the mountain west. lmao, tenant occupied... Is that legal? To sell a house with a tenant? Sure, why wouldn't it be? Rental properties are bought...
by StormShadow
Mon Jul 08, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Going to law school question
Replies: 55
Views: 3571

Re: Going to law school question

I want to be an attorney, not really, but kind of. :oops: Compelling. IANAL, but when filling out your law school application... I wouldn't include that in your personal statement. You know, this website is about giving sound financial advice. My advice for you, this sounds like a waste of money. I...
by StormShadow
Sat Jul 06, 2019 12:11 pm
Forum: Personal Investments
Topic: Does anyone own gold?
Replies: 108
Views: 11489

Re: Does anyone own gold?

hazlitt wrote:
Sun Jan 28, 2018 8:10 pm
I get the investment arguments against it. It doesn't produce anything, historically hasn't held up to the S&P, etc.
To quote Magneto from X-Men...

“Why do you ask questions to which you already know the answers?”
by StormShadow
Sun Jun 23, 2019 7:59 pm
Forum: Personal Investments
Topic: [ETF vs. Mutual Fund and additional questions]
Replies: 65
Views: 2137

Re: which is better schwab or fedelity ???

+1 fidelity.

I like the website. Easier to use than Vanguard. Great mutual fund options including zero fee/zero minimum index funds.
by StormShadow
Sat Jun 22, 2019 11:19 pm
Forum: Personal Consumer Issues
Topic: How do you approach tipping at carry-out restaurants
Replies: 111
Views: 7918

Re: How do you approach tipping at carry-out restaurants

Fast food joints, no tip.

Local mom/pop restaurants, I leave 10% for takeout. I often know the owners.
by StormShadow
Sat Jun 22, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: Dealer 30K Service for 2017 RAV4--Unusual Items?
Replies: 52
Views: 4479

Re: Dealer 30K Service for 2017 RAV4--Unusual Items?

You have a RAV4, not a Ferrari.

Find a mechanic and service it there.
by StormShadow
Sat Jun 22, 2019 11:09 pm
Forum: Personal Investments
Topic: Scared about investing large amount of money
Replies: 24
Views: 2618

Re: Scared about investing large amount of money

I know market timing doesn't work but I can't get over the fear of dumping 300k in right now when the market is at all time highs. Any advice? Yeah, don’t time the market. It’s impossible. At least for you anyways, otherwise you wouldn’t be asking questions on an anonymous forum. I assume you have ...
by StormShadow
Sat Jun 22, 2019 11:03 am
Forum: Personal Investments
Topic: Confused with the markets
Replies: 47
Views: 4481

Re: Confused with the markets

galactica1971 wrote:
Thu Jun 20, 2019 12:06 am
So the only logical conclusion is to just throw in the towel and buy $1m in gold bars.
44 lbs of gold. Thats about the size of two good delivery bars that you can leave in your car trunk. Doable. I’d rather have that than a million in bitcoin. :D
by StormShadow
Sat Jun 22, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: Ever been a Ponzi scheme or fraud victim? Other signs?
Replies: 11
Views: 1384

Re: Ever been a Ponzi scheme or fraud victim? Other signs?

Been solicited for pyramid schemes on several occasions.
by StormShadow
Sat Jun 22, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24176

Re: Crypto bulls are back. Are you getting in?

I know this forum discourages investing in crypto and views it as rat poison. Correct. So why do you think that’ll suddenly change? Seriously, what is going through your head when you ask? Not to be mean, but look at the title of the forum. Look at what this forum is all about. Diversification. Sim...
by StormShadow
Fri Jun 21, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 41210

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

ohboy! wrote:
Fri Jun 21, 2019 7:05 pm
Bitcoin over $10k. Thanks again for the buy signal here in May.
Congrats.

Would you like to buy the Brooklyn Bridge? I can get you a good deal.
by StormShadow
Fri Jun 21, 2019 5:43 pm
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why? . . Why not?
Replies: 229
Views: 16070

Re: What percentage of total portfolio in REIT's do you have? Why?

~10% REIT's, mostly because of Burton Malkiel and William Bernstein talking about about the benefits of decreased correlation with the rest of the US stock market. I've been pleased with the results thus far, but haven't contributed directly to REIT''s in a while. Trying to simplify my portfolio for...
by StormShadow
Fri Jun 21, 2019 5:34 pm
Forum: Personal Investments
Topic: First exposure to vanguard today
Replies: 10
Views: 1519

Re: First exposure to vanguard today

I had my first encounter with vanguard today. A delightful young man answered and he wanted to get to know me!! That has never happened. Then he wanted to know my goals, gave me a number to get in touch with him was thoughtful, clear, and professional. I decided to go with a personal advisor for aw...
by StormShadow
Fri Jun 21, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: What financial information do you wish was more commonly known?
Replies: 50
Views: 9459

Re: What financial information do you wish was more commonly known?

Chrono Triggered wrote:
Tue Jun 11, 2019 9:09 pm
With personal finance and investing information (index over active, fees matter, etc) becoming more widespread, what are some areas in finance that you wish more people knew about or paid attention to?
The value of a good education and good health.
by StormShadow
Fri Jun 21, 2019 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Behaviour once the game is won
Replies: 18
Views: 3320

Re: Behaviour once the game is won

Let’s play a game... Look up one of the threads that came up during the beginning of the mortgage crisis. Now pretend that you are there with your current age and current assets. The stock market is plummeting. Nobody knows when it’ll recover, Most of the media is predicting it may never recover lik...
by StormShadow
Sat Jun 15, 2019 9:35 pm
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 58
Views: 6685

Re: Should I invest 100k into a total index or do it slowly

FarmD wrote:
Sat Jun 15, 2019 5:54 pm
I will be investing 5 k per month into a vanguard total index. I wondering if should invest 100k upfront to get the compounding interest going ?

Any suggestion
Better to jump in the pool rather than wade in.
by StormShadow
Sat Jun 15, 2019 1:40 am
Forum: Personal Investments
Topic: Does tuning out mean missing out?
Replies: 23
Views: 3532

Re: Does tuning out mean missing out?

I've generally settled on paying for simplicity. This means cheap target funds in the 401ks (.11 and .14 ER), and vtwax in Roth, 529, and taxable accounts. Maybe Facebook will become a trillion dollar advertising company and I'll lose out on some US gains, but i prefer to just keep things simple an...
by StormShadow
Fri Jun 14, 2019 5:02 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3394

Re: Cartier bracelet

My relative had a nice collection (since sold, some at auction) of 'pre-owned' jewelry, some worn by our great grandparents, others by royalty. No one had any problem with those items (unique, not mass-produced like some Cartier items) and they had wonderful stories from the past that came with the...
by StormShadow
Fri Jun 14, 2019 5:01 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 355
Views: 42781

Re: How Bad was 2008, really?

No one knows what their true risk tolerance is until they are tested by something like 2008. I have been an investor since the early 80s and 2008 was much worse than anything else I have seen. The reason why i refuse to go beyond 50/50 (now still in my late 20s) is that I am inexperienced as an inv...
by StormShadow
Fri Jun 14, 2019 4:47 pm
Forum: Personal Investments
Topic: Can't do this alone-need a financial planner-please help!
Replies: 42
Views: 8365

Re: Can't do this alone-need a financial planner-please help!

Step 1. Breathe! You are among friends. Count yourself lucky that you found out about bogleheads (and Ameriprise) as early as you did. Step 2. Educate yourself. Personally, I like the book Bogleheads Guide to Investing. Simple and affordable. Step 3. Ditch Ameriprise (and/or Edward Jones and/or any ...
by StormShadow
Fri Jun 14, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3394

Re: Cartier bracelet

So I want to buy my wife a Cartier bracelet for her birthday. Anyone know how to get discounts on these things? They're pretty expensive ~5k. Maybe a reputable high end pawn shop? Obviously, you should do your due diligence... and I only know of one off the top of my head. https://shopdinacollectio...
by StormShadow
Thu Jun 13, 2019 8:23 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 355
Views: 42781

Re: How Bad was 2008, really?

MotoTrojan wrote:
Thu Jun 13, 2019 5:14 pm
Japan hasn't recovered from it's all-time-high 3 decades ago: https://www.macrotrends.net/2593/nikkei ... chart-data
Neither have tulips... Image
by StormShadow
Wed Jun 12, 2019 10:39 pm
Forum: Personal Investments
Topic: Inheritance quadrupled my portfolio--I need advice
Replies: 13
Views: 3042

Re: Inheritance quadrupled my portfolio--I need advice

First, you don't have to make any big decisions right now. Park it in a high yield savings account for now. My feeling is, you've won the game. Stop playing. If you can stomach a large loss in value with fluctuations of the stock market, then go ahead with 50/50. Personally, I think 40/60 or even 30...
by StormShadow
Wed Jun 12, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Careers that combine art/design and science?
Replies: 36
Views: 1669

Re: Careers that combine art/design and science?

Architecture, Civil engineering, Any other engineering, Graphic design, Computer animation, Environmental sciences all sound like great options. How about web design? If she likes Pixar, maybe look at CalArts since that's where most of the Pixar founders trained. Can she shadow/intern at Pixar this ...
by StormShadow
Wed Jun 12, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: after-tax 403B contributions
Replies: 8
Views: 610

Re: after-tax 403B contributions

I think you should do that....unless you can make Roth contributions to either the 403b or 457b. That would accomplish the same thing and be a little easier. I think putting $19k into two different tax-deferred plans plus a large employer match is likely to be too much in tax-deferral for a person ...
by StormShadow
Wed Jun 12, 2019 7:29 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 45544

Re: What lifestyle creep made you happier?

Under Armour golf shoes.
iPad.
Netflix.
UHD tv.
Nicer clothes (Vinyard Vines, Brooks Brothers).
Traveling.
Internet (pretty much a necessity these days).
by StormShadow
Tue Jun 11, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5920

Re: How are your 30s financially different than your late 20s?

I'm about to turn 30 this year and am curious what this next decade will bring. I already have a young child, a marriage, home, and career so curious if it gets much different and if there is anything financially I should prepare for. I already have a will, life and disability insurance, and have s...
by StormShadow
Tue Jun 11, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: Best women's starter golf clubs?
Replies: 17
Views: 898

Re: Best women's starter golf clubs?

Find a good golf pro and get lessons. I’d go to the nearest Golf Galaxy and test out a bunch of clubs. There are a ton of YouTube videos dedicated to reviewing golf clubs. You can look into a used set (or at least a new set from a prior year) if you want to save money. Without going into specifics (...
by StormShadow
Tue Jun 11, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 1614

Re: Ally Checking vs Capital One 360 Checking

I have a Capital One 360 account. They had a promotion where you get a bonus after you deposit a certain amount for 90 days. Looks like it is $500 for depositing $50k now. I think it was $200 for $10k deposit when I did it. I still have the account. Its an ok rate of return for an on-line savings ac...
by StormShadow
Tue Jun 11, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Gift for niece who is graduating as a Physician Assistant.
Replies: 33
Views: 3215

Re: Gift for niece who is graduating as a Physician Assistant.

I find the responses here interesting. I posted a similar question here several years ago, when a niece was throwing a party to celebrate graduating with a Masters in Physical Therapy. Almost unanimously, Bogleheads told me that a gift was not really appropriate for a graduate degree. Ralph That's ...
by StormShadow
Tue Jun 11, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 15209

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

TLDR, except for.... How to preserve $10M+ in wealth owned by unsophisticated people? Lol, I'm not the unsophisticated person .... ... Here's the problem: everybody in my family (except me! ;-p) is very unsophisticated about investing .... ... Any advice appreciated. 1) Whenever people insist they a...
by StormShadow
Sat Jun 08, 2019 12:51 pm
Forum: Personal Investments
Topic: Resident Physician
Replies: 33
Views: 4895

Re: Resident Physician

Hi All, I'm a resident physician and new to investing and was needing some advice on asset allocation. The hospital I work at offers a 457b through Fidelity and I have been maxing that out. I also opened a Roth IRA at Vanguard and have been maxing that out as well. My desired allocation would be a ...