Search found 10714 matches

by arcticpineapplecorp.
Mon Aug 15, 2022 9:21 pm
Forum: Personal Investments
Topic: Single company Stocks
Replies: 58
Views: 4408

Re: Single company Stocks

happyisland wrote: Mon Aug 15, 2022 9:01 pm Do you really think you can know more about the correct valuation of these stocks than the smartest people in finance, huge teams of PhDs working for hedge funds, investment banks, pension funds, etc, etc?
apparently some people here on bogleheads do. because we hear about how well their stock picks have done, don't we?

i'm with you though. but it's hard to convince people they'e confusing outcome with strategy and luck is not a very good investment plan.
by arcticpineapplecorp.
Mon Aug 15, 2022 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help! 25 Maxed out credit cards.....
Replies: 95
Views: 8201

Re: Help! 25 Maxed out credit cards.....

if he doesn't figure this out now when he's young he'll end up like Stanley Johnson
by arcticpineapplecorp.
Mon Aug 15, 2022 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: 19 month CD terms
Replies: 12
Views: 1214

Re: 19 month CD terms

RMWinCalifornia wrote: Mon Aug 15, 2022 8:09 pm I am starting to see several institutions offering CDs with a 19 month term to maturity. Typical terms are nice whole numbers of year or one and a half years (18 months.) Why the odd term of 1 year + 7 months? As of now, the maturity would be March of 2024. Is there a significant event happening then that is different than a rounded off year and a half?
i wonder the same thing with 13 month cds too.

the 13 month is an introductory offer and at maturity it renews to a 12 month automatically if no action is taken.

could the 19 month be the same in that at maturity it renews to an 18 month automatically if no action is taken?
by arcticpineapplecorp.
Mon Aug 15, 2022 8:48 pm
Forum: Personal Investments
Topic: Finally saving some money for the first time
Replies: 10
Views: 912

Re: Finally saving some money for the first time

I’m finally at a point in my life where I am able to save some money after clearing up a ton of debt and stupid financial decisions, at 32 years old. I need some advice if I’m doing it in a smart way. My current allocations - 1) 15 percent to retirement (401K match the rest in IRA $12k total) 2) 6 months EF in a high yield savings account. 3) $25k in a 12 month CD getting 2.60 % After normal expenses and retirement I have $750 a month free. Is there anything else I could be doing better, Or change up? since you're making $80k you can put $20,500 in 401k. Since you're only putting $6,000 in 401k and have another $750/month free, why don't you put that in your 401k? That gets you another $9000 in 401k which with the $6000 already going in th...
by arcticpineapplecorp.
Mon Aug 15, 2022 8:40 pm
Forum: Personal Investments
Topic: Replicating Total Market Index in 401K
Replies: 13
Views: 621

Re: Replicating Total Market Index in 401K

I was thinking of setting the 401K on automatic rebalancing using these 3 funds vs using just the S&P 500. Shouldn’t this improve my overall performance by selling high and buying low? not necessarily. look at the difference between S&P500 vs the three funds with rebalancing (5/25 bands) https://i.postimg.cc/4NFntcgw/rebalancing.jpg source: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=5&absoluteDeviation=5.0&relativeDeviation=2...
by arcticpineapplecorp.
Mon Aug 15, 2022 8:33 pm
Forum: Personal Investments
Topic: Replicating Total Market Index in 401K
Replies: 13
Views: 621

Re: Replicating Total Market Index in 401K

Dave9729 wrote: Mon Aug 15, 2022 8:17 pm Thanks for the responses. I saw something on the Wiki that said 85, 10, and 5 but it may be outdated?
depends upon the funds.

if you use these three then yes:
85% Vanguard S&P 500 ETF (VOO)
10% Vanguard S&P Mid-Cap 400 ETF (IVOO)
5% Vanguard Russell 2000 ETF (VTWO)[

or these three:
85% Vanguard 500 Index Fund (VFIAX)
10% iShares S&P MidCap 400 Index (IJH)
5% iShares S&P SmallCap 600 Index (IJR)

but not these three:

83% Fidelity 500 Index Fund (FXAIX)
8% Fidelity Mid Cap Index Fund (FSMDX)
9% Fidelity Small Cap Index Fund (FSSNX)
by arcticpineapplecorp.
Mon Aug 15, 2022 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting gifted home from Pennsylvania Medicaid
Replies: 16
Views: 1538

Re: Protecting gifted home from Pennsylvania Medicaid

the only other thing I'd mention since you referenced the long term care handbook, a different chapter allows the transfer of a house to a son or daughter under the following three conditions: 1. child is blind or permanently disabled 2. child is under 21 440.812 When fair consideration does not apply... 3. The individual’s son or daughter, other than a child described above, who lived in the home for at least two years immediately before the individual became institutionalized, and who provided care that allowed the individual to live at home rather than in an institution or facility. 55 Pa. Code § 178.104(e)(1)(iv) NOTE: This caregiver exception applies only to sons and daughters, not friends or other relatives. The son or daughter must h...
by arcticpineapplecorp.
Mon Aug 15, 2022 4:15 pm
Forum: Investing - Theory, News & General
Topic: Can rebalancing unintentionally raise a portfolio’s volatility risk?
Replies: 19
Views: 1407

Re: Can rebalancing unintentionally raise a portfolio’s volatility risk?

From a practical standpoint, the reason I’m raising this question is to determine whether I should accept a higher additional risk burden when rebalancing during down markets or whether I should stick to a more explicit targeted portfolio volatility level. the risk was always there regardless of the current volatility. saying you're going to accept higher additional risk burden by buying stocks when they've fallen below 50% in your example doesn't change the fact that stocks were risky all the time, regardless of whether you're holding 30% or 50%. They were risky when you held 50% stocks. Just because it's fallen to 30% doesn't mean you have less risk. Yes, the portfolio overall is less risky. Yes, when stocks fall, the risk has already sh...
by arcticpineapplecorp.
Mon Aug 15, 2022 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help! 25 Maxed out credit cards.....
Replies: 95
Views: 8201

Re: Help! 25 Maxed out credit cards.....

Currently he is living at his uncle's who took him in while he pays things down. The plan is to pay me $1500 a month for the next 7 months before he moves out. He knows he has issues and not much self control. Every week he gives his aunt his pay and the 30th will be his first payment to me. if he can pay you $1500 a month, why can't he pay $1500 a month to the credit cards? At that rate (not adding interest) paying $1500 a month would cover $21,000 in 14 months. With a little interest added as he's not paying off the balances, it might take him 15 months instead of 14 to pay it all off (?) provided he doesn't charge up the cards as he gets more available credit while he's paying down the balances. 25 cards and $21k debt = $840 average per...
by arcticpineapplecorp.
Mon Aug 15, 2022 1:28 pm
Forum: Personal Investments
Topic: Single company Stocks
Replies: 58
Views: 4408

Re: Single company Stocks

I never will understand why some Bogleheads get so bent out of shape with someone suggests buying some individual stocks. This idea that one can never make money (compared to the SP500) by investing in individual stocks is ludicrous. Many of us do it. It works great, but there are so few individual stocks that are worth the risk the approach doesn't scale. Which is why 90%+ of my portfolio is in passive indexed funds. Also, your calculations on Auto Zone are all wrong. You must be using the wrong ticker. Autozone, O'Reilly and other automotive suppliers have gone up 100 fold since 2000. Further your TI calculations seems to have ignored the dividend they have paid for the last 18+ years. I own both TI and SPY during this period and I can a...
by arcticpineapplecorp.
Sun Aug 14, 2022 9:45 pm
Forum: Personal Investments
Topic: Single company Stocks
Replies: 58
Views: 4408

Re: Single company Stocks

So I have been using boglehead philosophy since 2017. It has served well. I have not invited in single stocks since college years/when I first started working. I have been thinking about buy good quality single company stocks (eg: Apple, Amazon ). So I have some questions 1) What percentage of portfolio can go into single company stocks vs Diverse Mutual Funds 2) what percentage of portfolio can be invested in a single company (Apple vs Amazon) 3) Should these stocks be in IRA or Brokerage account? My rationale for inviting in select single company stocks is potential higher returns. I understand that comes with additional risks. Don't be put off buying a single stock. Just limit it to 4% of your overall wealth. Over the years I've done th...
by arcticpineapplecorp.
Sun Aug 14, 2022 1:37 pm
Forum: Personal Investments
Topic: Investing paused dividends for IRA
Replies: 12
Views: 753

Re: Investing paused dividends for IRA

Once it's inside the IRA, you can do whatever you want. It's just the contribution to get it in there from your "outside" funds that has the annual limits. Not how much you can "invest". You might just want to find another mutual fund or ETF to invest the dividends in if you are afraid of a wash sale. Something like SCHB is Schwab's ETF version of a total market fund, but different than Vanguard's Total Market and not the S&P 500. Kind of off topic for this thread, but relevant to your post: Does Schwab have something similar in the international equity space? Wondering if they might offer a good TLH partner for my Vanguard Total International Stock ETF. swisx. more of a large blend/EAFE type fund. So it's not subst...
by arcticpineapplecorp.
Sun Aug 14, 2022 1:04 pm
Forum: Investing - Theory, News & General
Topic: Brokerage Power of Attorney after MF>Brokerage switch
Replies: 18
Views: 752

Re: Brokerage Power of Attorney after MF>Brokerage switch

So Vanguard made me switch over after telling me it would cost me $120/yr in fees to stay with the MF platform. My TOD all switched as did my beneficiaries but the method of creating a POA in case of incapacity is no longer available online (it was in the MF platform). it now appears I have to get a form notarized with 2 witnesses to do this??? Any way around this? First of all it's $25 for a notary (which pisses me off since transferring was forced by Vanguard) and also I don't want to sit in a bank and do this (I am at high risk for Covid). Why are they making this so difficult on the brokerage side? Grrrrrr..... i was told the same thing but it was in regards to full agent authorization. not sure why the forms don't migrate as easily as...
by arcticpineapplecorp.
Sun Aug 14, 2022 12:49 pm
Forum: Personal Investments
Topic: using inherited IRA to pay tax on Roth conversion?
Replies: 16
Views: 863

Re: using inherited IRA to pay tax on Roth conversion?

can you tell us a little more like :

Do you already max out your tax advantaged accounts each year?
What age are you (i.e., are you in retirement already, close to retirement, far away from retirement etc)
Is it possible you'd be in a lower tax bracket during the next 10 years when withdrawals from inherited IRA might be more favorable than now?

that sort of thing.

yes, i think seeing your calculations would also be helpful.

welcome to the forum.
by arcticpineapplecorp.
Sat Aug 13, 2022 9:09 pm
Forum: Personal Investments
Topic: Single company Stocks
Replies: 58
Views: 4408

Re: Single company Stocks

If you decide to go this route, please keep good records and benchmark your performance. When I first came to BH, I was a stock-picker with a portion of my portfolio. I was doing well, making good returns. Someone here asked how I was doing against the SP500. I checked and I was underperforming the SP500 by about 1% per year but I wasn't aware of it because the great overall returns of the period "masked" my underperformance. definitely... but to the OP...no beardstown math! The Beardstown Ladies is a group of 16 women in their 70s who formed an investment club, formally known as the Beardstown Business and Professional Women's Investment Club, in Beardstown, Illinois in 1983 in a church basement. The club got media attention aft...
by arcticpineapplecorp.
Sat Aug 13, 2022 9:02 pm
Forum: Personal Investments
Topic: Long Term Cap Gains distribution on Life Strategy funds.
Replies: 27
Views: 1506

Re: Long Term Cap Gains distribution on Life Strategy funds.

I don't know what the tax rates they had were but if 20% then the distribution was roughly $9000 each and at 1.6% they had to own around $500,000 in shares each. Does this sound right? Not that it matters now that bertilak has identified a possible chain-of-information problem, but as far as pure numbers, I'm interpreting bertilak's sentence as saying the distribution itself was $1857.21. If I'm interpreting it right, your paragraph above was assuming that the taxes on the distribution were $1857.21? [...] they got hit with taxable $1,857.21 LTCG each. You are correct. Distributions were $1,857.21. It was not at all clear when I first heard about it. did you gift them $115,000 each? No, but that's close to what they held. I think the mista...
by arcticpineapplecorp.
Sat Aug 13, 2022 6:49 pm
Forum: Personal Investments
Topic: Single company Stocks
Replies: 58
Views: 4408

Re: Single company Stocks

So I have been using boglehead philosophy since 2017. It has served well. My rationale for inviting in select single company stocks is potential higher returns. I understand that comes with additional risks. 1. But you're taking idiosyncratic risk you can diversify away by holding the market. Why do that? 2. Additional risk does not automatically lead to higher returns. Ask folks who invested in enron, worldcom, washington mutual, lehman bros and countless others. 3. You already own those quality companies you named. Why concentrate even more? 4. Value companies have a greater potential for returns because they're cheaply priced. But nobody calls them quality companies. Quality companies are already known; already bid up in price. That lea...
by arcticpineapplecorp.
Sat Aug 13, 2022 5:40 pm
Forum: Personal Investments
Topic: Calculating true annualized return
Replies: 21
Views: 1957

Re: Calculating true annualized return

My goal is to know how I'm performing versus Mr. Market. I have been following an investment newsletter and we have been crushing the market in terms of performance. However, we're now underperforming by a little since the market has been going down this year. For the previous 5 years, it's been the opposite case by a wide margin. So, I just want to know how I'm doing versus the market. I don't invest the "Bogleheads" way. Just come here for advice on certain things. I'm not going to make investment decisions with this data . I leave that to the experts in the newsletter, who have proven their knowledge. how have they "proven" their knowledge if you're now "underperforming by a little"??? could it be they gave...
by arcticpineapplecorp.
Sat Aug 13, 2022 3:44 pm
Forum: Personal Investments
Topic: Liquidity Event for 82-year old
Replies: 29
Views: 2378

Re: Liquidity Event for 82-year old

epoche wrote: Sat Aug 13, 2022 3:07 pm This year, she will owe capital gains on the house sale, which have already been estimated and subtracted from the below cash position.

Cash (Checking and Savings):
$260000
Was the sale of real estate a rental property or was it a prior primary residence for 2 of the last 5 years?
by arcticpineapplecorp.
Sat Aug 13, 2022 3:29 pm
Forum: Investing - Theory, News & General
Topic: Stop Contributing to IRAs After 40?
Replies: 42
Views: 4080

Re: Stop Contributing to IRAs After 40?

leo383 wrote: Sat Aug 13, 2022 8:01 am There's a CFP in town who has a radio show I listen to, and I generally agree with much of his advice.
i agree with homestretch in that perhaps it's easier for him to take his AUM from your taxable than out of your IRA especially if you're under 59.5 and he's trying to avoid hitting you with penalties on top of AUM.

that being said can I ask what of his other general advice do you agree with?

Also, does he not believe in Roth IRA conversions? If he does, he should see an ability to FIRE due to heavy 401k growth, getting the bigger tax deductions during working years and Roth IRA convert huge amounts of money if FIRE when in lower tax bracket. What's not to like there?
by arcticpineapplecorp.
Sat Aug 13, 2022 1:44 pm
Forum: Investing - Theory, News & General
Topic: More "Conservative Asset Allocation"--yet bond funds down nearly as much?
Replies: 90
Views: 6264

Re: More "Conservative Asset Allocation"--yet bond funds down nearly as much?

OP, YTD VTSAX -18.04% VBTLX -10.31% My 60/40 portfolio is down 10.20%. So, what is your point? KlangFool The majority of advice here on the forum closely resembles "find yourself an AA you are comfortable with, and utilize a 3 fund portfolio of total stock, total bond, total international". (Which according to your footer isn't what you have). As you point out, your 60/40 is down 10%--but wouldn't a 10/90 portfolio be down roughly the same? Yet any comments made to someone expressing concern about their portfolio drop is to "examine their asset allocation, and adjust to match 'their risk tolerance'". So I suppose my point is to ask if that is over-simplistic. Should someone who was concerned about their portfolio value ...
by arcticpineapplecorp.
Sat Aug 13, 2022 8:36 am
Forum: Personal Investments
Topic: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?
Replies: 68
Views: 11302

Re: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?

gougou wrote: Fri Aug 12, 2022 10:05 pm
arcticpineapplecorp. wrote: Fri Aug 12, 2022 8:07 pm Trader says he has ‘no money at risk,’ then promptly loses almost 2,000% :
Box spreads are often mistaken for an arbitrage opportunity, however, they have hidden risks that could lead to losing much more money than expected.

Source: https://www.marketwatch.com/story/trade ... 2019-01-22
That’s box spread on a single stock, so there’s early exercise risk. That “trader” doesn’t know what he was doing.

SPX box spread is as safe as US Treasuries.
Yes he already said they were european options in response to my post.

He does run a risk of losing the cost of the option if it expires. Insurance has a cost. Is it more than the cost to buy treasuries?
by arcticpineapplecorp.
Fri Aug 12, 2022 9:17 pm
Forum: Personal Investments
Topic: Long Term Cap Gains distribution on Life Strategy funds.
Replies: 27
Views: 1506

Re: Long Term Cap Gains distribution on Life Strategy funds.

bertilak wrote: Fri Aug 12, 2022 6:13 pm
cas wrote: Fri Aug 12, 2022 5:27 pm
dbr wrote: Fri Aug 12, 2022 4:28 pm I don't know what the tax rates they had were but if 20% then the distribution was roughly $9000 each and at 1.6% they had to own around $500,000 in shares each. Does this sound right?
Not that it matters now that bertilak has identified a possible chain-of-information problem, but as far as pure numbers, I'm interpreting bertilak's sentence as saying the distribution itself was $1857.21. If I'm interpreting it right, your paragraph above was assuming that the taxes on the distribution were $1857.21?
bertilak wrote: Fri Aug 12, 2022 3:49 pm [...] they got hit with taxable $1,857.21 LTCG each.
You are correct. Distributions were $1,857.21. It was not at all clear when I first heard about it.
did you gift them $115,000 each?
by arcticpineapplecorp.
Fri Aug 12, 2022 8:53 pm
Forum: Personal Investments
Topic: I-bond balance
Replies: 3
Views: 1047

Re: I-bond balance

The interest is compounded semiannually. Every six months from the bond's issue date, interest the bond earned in the six previous months is added to the bond's principal value, creating a new principal value. Interest is then earned on the new principal.

source: https://www.treasurydirect.gov/indiv/re ... m#interest
by arcticpineapplecorp.
Fri Aug 12, 2022 8:34 pm
Forum: Personal Investments
Topic: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?
Replies: 68
Views: 11302

Re: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?

Beyondsc wrote: Fri Aug 12, 2022 7:18 pm I believe $25k is safe with a $690k portfolio because the market is down 20% (CPI & dividend adjusted) from the December peak, so for a retiree to have $690k now, they must've had roughly $860k at the peak. Withdrawing $25k from $860k equals a ~2.9% withdrawal rate, which has never even come close to failure with a globally diversified portfolio of mostly equities.
Did you have $860k in Dec 2021?

Even if you did, you don't now.

So why are you saying "take $25k from $860k"?? You're not taking $25k from $860k.

you're taking $25k from $690k. That's a 3.9% withdrawal rate.

Don't think that's safe for a 85 year withdrawal.

30 years? Yeah.
by arcticpineapplecorp.
Fri Aug 12, 2022 8:27 pm
Forum: Personal Investments
Topic: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?
Replies: 68
Views: 11302

Re: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?

sailaway wrote: Fri Aug 12, 2022 8:13 pm Are you eligible for disability?
probably not enough work quarters for RSDI since OP is only 22 and also can't get SSI if has resources >$2000.

did OP have any long term disability policy through work?
by arcticpineapplecorp.
Fri Aug 12, 2022 8:07 pm
Forum: Personal Investments
Topic: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?
Replies: 68
Views: 11302

Re: I'm 22 and unable to work anymore, how much can I get from my $690k portfolio?

Trader says he has ‘no money at risk,’ then promptly loses almost 2,000% :
Box spreads are often mistaken for an arbitrage opportunity, however, they have hidden risks that could lead to losing much more money than expected.

Source: https://www.marketwatch.com/story/trade ... 2019-01-22
by arcticpineapplecorp.
Fri Aug 12, 2022 2:17 pm
Forum: Personal Consumer Issues
Topic: Chromebook Auto Update Expiration
Replies: 10
Views: 658

Re: Chromebook Auto Update Expiration

heard about this on Clark Howard:
https://chromeenterprise.google/os/chromeosflex/
https://clark.com/technology/revive-you ... hromebook/

anybody familiar with this?

I have a chromebook that recently had final update too but haven't installed the chromeOS flex yet.
by arcticpineapplecorp.
Fri Aug 12, 2022 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else seeing layoffs?
Replies: 29
Views: 2341

Re: Anybody else seeing layoffs?

Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit: https://www.cnbc.com/2022/08/12/peloton-shares-jump-as-company-announces-price-hikes-for-some-products.html here's a more comprehensive list on linkedin (most recently from July): Firms that have announced layoffs since the beginning of July include: Makeup brand Glossier laid off around two dozen employees in early August, its second round of layoffs this year, though the company said it also plans to hire more staff. Video game developer Jam City, which has offices across the U.S. and Canada, is laying off about 200 employees. LinkedIn members shared about staffing cuts made at other companies: real estate tech platform Doma, which also laid off staff in M...
by arcticpineapplecorp.
Fri Aug 12, 2022 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax question at work
Replies: 25
Views: 1720

Re: Tax question at work

i'd become very well versed in this page at the IRS if I were you: Tip Recordkeeping & Reporting We follow the law. We report 100% of our tips. It’s just crazy that we get taxed at the regular income rate. For example, sometimes a customer will give me $100 and a security guard $100 on the same jackpot transaction as a tip. So for my $100 tip, I’ll get taxed on it , but the security guard gets to stick it in his pocket and pay zero tax on it. why doesn't the security guard have to pay tax on the tips s/he receives? it was over $20, right? the IRS says: Cash tips received directly from customers... All cash and non-cash tips an received by an employee are income and are subject to Federal income taxes. All cash tips received by an emplo...
by arcticpineapplecorp.
Thu Aug 11, 2022 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question at work
Replies: 25
Views: 1720

Re: Tax question at work

i'd become very well versed in this page at the IRS if I were you: Tip Recordkeeping & Reporting We follow the law. We report 100% of our tips. It’s just crazy that we get taxed at the regular income rate. For example, sometimes a customer will give me $100 and a security guard $100 on the same jackpot transaction as a tip. So for my $100 tip, I’ll get taxed on it , but the security guard gets to stick it in his pocket and pay zero tax on it. why doesn't the security guard have to pay tax on the tips s/he receives? it was over $20, right? the IRS says: Cash tips received directly from customers... All cash and non-cash tips an received by an employee are income and are subject to Federal income taxes. All cash tips received by an emplo...
by arcticpineapplecorp.
Thu Aug 11, 2022 8:49 pm
Forum: Personal Investments
Topic: Allianz Index Advantage Variable Annuity
Replies: 19
Views: 1174

Re: Allianz Index Advantage Variable Annuity

Everyone thank you for the time you spent in your answers. I knew in my gut it was TGTBT. But I wanted to kick it out into the sunlight and watch it get beat up a bit. The older I get the more I realize the Boglehead philosophy is my style of wealth building. Now that I'm retired I have more time to look at investment options, but that doesn't mean they're better. All the best to you! PS: to Arctic, I didn't mean I couldn't read the info, I was having a hell of a time trying to link a PDF to my original post so I gave up! you made the right decision! also always think about the problem you're trying to solve. in this case you were really only trying to avoid volatility (reduce/eliminate (?) downside risk while still capturing upside return...
by arcticpineapplecorp.
Thu Aug 11, 2022 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question at work
Replies: 25
Views: 1720

Re: Tax question at work

i'd become very well versed in this page at the IRS if I were you:
Tip Recordkeeping & Reporting
by arcticpineapplecorp.
Thu Aug 11, 2022 8:28 pm
Forum: Investing - Theory, News & General
Topic: Strange twist of indexing: Strive ETFs
Replies: 4
Views: 592

Re: Strange twist of indexing: Strive ETFs

there already was a mutual fund i believe called the Vice Fund that purposefully invests in "sin" stocks: https://www.investopedia.com/terms/v/vice-fund.asp though that fund isn't an "index" fund per se. i think it performed very nicely in the past. go figure. actually vtsax beat vicex since 2002: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&levera...
by arcticpineapplecorp.
Thu Aug 11, 2022 8:26 pm
Forum: Investing - Theory, News & General
Topic: short term trades are no fun
Replies: 16
Views: 1063

Re: short term trades are no fun

Do I sell? Did I miss the peak? Is it going to shoot up even more tomorrow or next week? how is anyone supposed to know this? you haven't told us the stock you own and even if you did, anyone who gives you an answer is only guessing. a broken clock is right twice a day but i wouldn't rely on it to tell me the time. I’m sure this was just a rhetorical question. yes, he already said so up here: Do I sell? Did I miss the peak? Is it going to shoot up even more tomorrow or next week? how is anyone supposed to know this? you haven't told us the stock you own and even if you did, anyone who gives you an answer is only guessing. a broken clock is right twice a day but i wouldn't rely on it to tell me the time. It was a hypothetical question illus...
by arcticpineapplecorp.
Thu Aug 11, 2022 12:13 pm
Forum: Investing - Theory, News & General
Topic: short term trades are no fun
Replies: 16
Views: 1063

Re: short term trades are no fun

so stop trading...and have more fun?
by arcticpineapplecorp.
Thu Aug 11, 2022 12:11 pm
Forum: Investing - Theory, News & General
Topic: short term trades are no fun
Replies: 16
Views: 1063

Re: short term trades are no fun

in addition to the behavioral aspects of having to check the stock, if you sell in the short term you're (generally) paying a higher short term capital gains tax rate rather than the (usually) lower long term cap gains tax rate. the problem is you should have had an exit strategy. How much did you want to make or how long did you plan to hold. If you didn't have answers to those questions even though you said it was supposed to be a short term trade, you haven't thought this out well enough. Do I sell? Did I miss the peak? Is it going to shoot up even more tomorrow or next week? how is anyone supposed to know this? you haven't told us the stock you own and even if you did, anyone who gives you an answer is only guessing. a broken clock is r...
by arcticpineapplecorp.
Thu Aug 11, 2022 12:04 pm
Forum: Personal Investments
Topic: Short term equity indexed annuities
Replies: 22
Views: 1001

Re: Short term equity indexed annuities

ZachFinch76 wrote: Wed Aug 10, 2022 1:01 pm To me one of the most favorable is a no fee 1 year SP500 index based annuity with a cap of 6% growth and capital preservation level set at 100%.
can you tell us what you're seeing. I'm not finding what you're reporting.

also, do you know how much the market has to go up to make the 6% cap on growth?

do you know what you make if the market makes less?

if it's truly "no fee" then how does the insurer make money?

do you believe annuities are insurance products as Jorge Soriano told us on the recent bogleheads live?

if so, why are you taking money from investments and putting them in insurance products?

do you think indexed annuities are investments? they're not.
by arcticpineapplecorp.
Thu Aug 11, 2022 11:26 am
Forum: Investing - Theory, News & General
Topic: Can anyone reach Vanguard on the phone?
Replies: 244
Views: 27621

Re: Can anyone reach Vanguard on the phone?

i just called them yesterday and got through very quickly. the message said the wait time would be 10-20 minutes. i put it on speaker phone and about 20 seconds later a rep answered (not sure where they got 10-20 minutes, but i was pleasantly surprised).

the rep was clearly from a foreign country and was helpful to the extent he could be then had to forward me to another rep who was in a different dept. that second rep answered the phone quickly, did not sound like she was from a foreign country and helped answer my question. she put me on hold to confer regarding my question, came back in a couple minutes gave me the answer and all was good.

i've never had a negative phone experience with vanguard.

arent' i lucky?
by arcticpineapplecorp.
Thu Aug 11, 2022 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Social security fund insolvency and planning
Replies: 38
Views: 3772

Re: Social security fund insolvency and planning

i think your question is asking whether you should claim it earlier or at 70. but there are two factors involved: 1. whether SS becomes insolvent 2. whether you want your child to start receiving social security before turning 70. (sometime between 62-70). these are two separate decisions. here's how I'd handle it: 1. don't worry about SS insolvency because if it results in cuts, it's not like you won't suffer cuts because you claimed before those cuts arrived. The cuts could be applied to all recipients (current and future). So thinking "well, i'll claim early so i won't experience cuts" may be a fallacy. If so, what does it matter? I'd rather have cuts to SS that's 124% of my full benefit (at FRA) because I claimed at 70, than c...
by arcticpineapplecorp.
Thu Aug 11, 2022 9:55 am
Forum: Investing - Theory, News & General
Topic: New fee for Vanguard mutual accounts
Replies: 482
Views: 34025

Re: New fee for Vanguard mutual accounts

migrated accounts, now showing brokerage...

but still getting the message (pop up) at opening telling me to transition my acct to brokerage :confused

assume this message will disappear in a day or so??

have others who migrated seen this annoying message disappear eventually??
by arcticpineapplecorp.
Thu Aug 11, 2022 9:04 am
Forum: Personal Consumer Issues
Topic: Laser printer
Replies: 34
Views: 1631

Re: Laser printer

another vote for a brother. mine cost $99, purchased a year ago. regret not doing it years ago.
by arcticpineapplecorp.
Wed Aug 10, 2022 5:03 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 883
Views: 78757

Re: Is this a scam?

don't ever call the number the scammer gives you. call xfinity (the number for them you have on your statements or you find on the internet) and ask them about the call you received. Perhaps they can put a warning at their site to warn people? probably a scam, but only comcast will tell you for sure. the actual, real comcast, not the people who called you.
by arcticpineapplecorp.
Wed Aug 10, 2022 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Reference for Tax Optimization in Retirement
Replies: 3
Views: 295

Re: Reference for Tax Optimization in Retirement

don't know a book specifically. Financial planners can model different scenarios for you. You can see a fee only asset planner like Rick Ferri, Mark Zorril, garret planning network, etc. typically the issues are: Roth conversions Delaying SS drawing from tax deferred to lower RMDs later leaving Roths to grow tax free (for tax free income later for you or heirs) using taxable accounts, using tax loss harvesting strategies to lower income ($3000/year) or reduce gains on securities sold for a gain tax efficient placement (bonds in tax deferred and stock in Roth/taxable, generally) and not having all-in-one funds in taxable and/or funds that distribute capital gains (index funds are preferable for these reasons, and target date or asset allocat...
by arcticpineapplecorp.
Wed Aug 10, 2022 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why does Dave Ramsey recommend paying off house asap?
Replies: 8
Views: 1206

Re: Why does Dave Ramsey recommend paying off house asap?

because he's debt averse? because he has trauma from becoming bankrupt in his 20s through overleveragd real estate? (source: https://www.google.com/search?client=firefox-b-1-d&q=dave+ramsey+went+bankrupt+in+his+20s+over+real+estate) because things are black and white with Dave instead of saying something more nuanced like pay off the mortgage when your mortgage rate is high but don't when the rate is low? because he's focused on behavioral issues rather than optimizing the math? (i.e., he tells people to do the snowball method rather than the avalanche method of debt payoff. He may have evidence it works for people because they can "see" their progress, but they will pay more in interest this way over time). He's clearly not a...
by arcticpineapplecorp.
Wed Aug 10, 2022 4:26 pm
Forum: Personal Investments
Topic: Expense ratios: Can you check my math please?
Replies: 20
Views: 933

Re: Expense ratios: Can you check my math please?

I was stunned at the long term difference in costs on different expense ratios. Can you check my math please? I recognize that expense ratios matter, but did not think it would result in the following. Perhaps my calculation is way off. Take a look please: I am looking at MFS Growth Fund R6 (MFEKX) .53% expense ratio to Vanguard Institutional Index Fund (VINIX) .04 expense ratio. I entered the data into an expense ratio calculator on line. The results were very surprising: $184,849. MORE in fees utilizing this criteria: Investment: $317,000., 7% investment return, 25 year duration (granted this is a long duration). Is that right? A difference of $185K in fees?! Thanks. another way of thinking about it is a .50% difference in fees accounts ...
by arcticpineapplecorp.
Wed Aug 10, 2022 9:12 am
Forum: Personal Investments
Topic: Retiring With 100% Stocks
Replies: 45
Views: 5266

Re: Retiring With 100% Stocks

Why not just go with the portfolio suggested by Warren Buffett, 90% S&P500 and 10% treasury and be done with it. because the OP isn't Warren Buffett's wife? Warren Buffett gave that advice to his trustees for how the money he leaves to his wife is to be invested. you're not his wife and you don't have the amount of money he's leaving to his wife. if the market tanked the 10% in treasuries would be fine for his wife or more than enough. if the market tanked, 10% in treasuries might not be enough for the average person. he wasn't advocating that portfolio for the average person. He doesn't know everybody's need, ability and willingness to take risk. Not saying Buffett is right, but having listened to enough of his commentary I think he a...
by arcticpineapplecorp.
Wed Aug 10, 2022 9:03 am
Forum: Personal Investments
Topic: Allianz Index Advantage Variable Annuity
Replies: 19
Views: 1174

Re: Allianz Index Advantage Variable Annuity

how timely! bogleheads live just had a podcast with Jorge Soriano: reviewing annuities. Lucky for you!

(p.s., have you looked into a MYGA or SPIA instead??)
by arcticpineapplecorp.
Tue Aug 09, 2022 9:27 pm
Forum: Personal Investments
Topic: Retiring With 100% Stocks
Replies: 45
Views: 5266

Re: Retiring With 100% Stocks

jarjarM wrote: Tue Aug 09, 2022 7:44 pm Why not just go with the portfolio suggested by Warren Buffett, 90% S&P500 and 10% treasury and be done with it.
because the OP isn't Warren Buffett's wife?

Warren Buffett gave that advice to his trustees for how the money he leaves to his wife is to be invested.

you're not his wife and you don't have the amount of money he's leaving to his wife.

if the market tanked the 10% in treasuries would be fine for his wife or more than enough.

if the market tanked, 10% in treasuries might not be enough for the average person.

he wasn't advocating that portfolio for the average person. He doesn't know everybody's need, ability and willingness to take risk.
by arcticpineapplecorp.
Tue Aug 09, 2022 9:20 pm
Forum: Personal Investments
Topic: Allianz Index Advantage Variable Annuity
Replies: 19
Views: 1174

Re: Allianz Index Advantage Variable Annuity

Anyone heard of this product? I'm told this product can cap the loss at predetermined market drops for instance 20% while it allows market increases of up to 60%. The contract can run 3-6 years with the ability to restructure the contract after 12 months. The prospectus documents are difficult to capture and add here. It's in the "to good to be true" section of investing, and yes I am buy and hold. But just wondering if anyone has experience with this type of annuity. Thanks in advance. what do you mean the prospectus documents are "difficult to capture and add here"? Do you mean the details are so complicated you can't list them all out here because the prospectus is 238 pages long! these are great products if you're t...