Search found 2381 matches

by am
Mon Dec 11, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: best cashback credit card ?
Replies: 46
Views: 3139

Re: best cashback credit card ?

Fidelity no fee visa for 2% on everything.

Chase sapphire reserve for 4.5% on travel and dining (as long as you use the chase portal for booking travel)

Chase freedom for 7.5% back in categories every quarter (as long as you transfer to saphire reserve and use in chase travel portal)
by am
Sun Dec 10, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

Illinois, so no state specific funds I am aware of. I could do something like 30% vanguard total world and 70% vanguard intermediate. Muni fund. I wonder if the munis aren’t as diversified and riskier than a mix of treasuries and corporates (such as total bond market)? I think that sounds like a ni...
by am
Sun Dec 10, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

Several? Does this mean more than one household? The answer could be different for different families. The answer depends on tax bracket and risk tolerance. For the lower tax brackets, target retirement income would be fine. For the higher tax brackets, not so much. One household. Except the money ...
by am
Sun Dec 10, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

Vanguard's Tax Managed Balanced fund, VTMFX, is 50% US stocks and 50% tax exempt bonds might fit. The down side of not holding pure stock funds or pure TE bond funds in a taxable account is you may lose tax loss harvesting possibilities and more difficulty rebalancing. I thought about this fund but...
by am
Sun Dec 10, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

Vanguard's Tax Managed Balanced fund, VTMFX, is 50% US stocks and 50% tax exempt bonds might fit. The down side of not holding pure stock funds or pure TE bond funds in a taxable account is you may lose tax loss harvesting possibilities and more difficulty rebalancing. I thought about this fund but...
by am
Sun Dec 10, 2017 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Re: Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical...
by am
Sun Dec 10, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: Recommendation Best fund for retirees in taxable
Replies: 20
Views: 733

Recommendation Best fund for retirees in taxable

I would like a recommendation for a fund for several risk averse retirees in a taxable account. The main goal is for the money (low 6 figures) to keep up with inflation. They are ok with an allocation to stocks. They have no need for this money for anticipated expenses, only potentially for medical ...
by am
Sat Dec 09, 2017 6:18 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin futures - trading them is good?
Replies: 8
Views: 858

Re: Bitcoin futures - trading them is good?

Will some retail products arise out of the futures?

Will litecoin, etherium and others follow on the futures exchange?
by am
Sat Dec 09, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Need help with investing risk averse inlaws money
Replies: 5
Views: 311

Re: Need help with investing risk averse inlaws money

This whole arrangement makes no sense. What is the idea of giving you the money to keep for them? It would seem that if their idea of safe is money market funds, then that is where you should put the money. If the idea is that you are going to "take care" of the money, you are on uncertain ground b...
by am
Sat Dec 09, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Need help with investing risk averse inlaws money
Replies: 5
Views: 311

Need help with investing risk averse inlaws money

Partner and I will be getting gifts of 56k a year from inlaws until they give us about 500k over the years. They don’t want to file a gift tax return so that is why not at once. This will represent 1/3rd to 1/2 of their estate and represent part of our inheritance. They don’t need the money for thei...
by am
Thu Dec 07, 2017 10:44 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6598

Re: Bitcoin now the largest quantifiable bubble in history?

Seems irrational to me. A code generated coin without intrinsic value, that has little practical use, and is a regulation away from dropping drastically. I have a hard time holding something that I think has no value for the long term. On the other hand, I do have some feelings of fear of missing ou...
by am
Tue Dec 05, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: CBOE to launch bitcoin futures trading on Dec 10, 2017
Replies: 12
Views: 820

Re: CBOE to launch bitcoin futures trading on Dec 10, 2017

not sure if this has been posted (looked for it and didn't see it posted, hard to believe). feel free to merge or delete if it's already been posted. The CBOE is launching bitcoin futures market on Dec 10th (link below). So for those of you who don't want to buy or sell bitcoin, you can instead bet...
by am
Sat Dec 02, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason not to exit muni bonds now?
Replies: 8
Views: 1025

Re: Any reason not to exit muni bonds now?

Can someone explain why munis are expected to be less valuable?
by am
Sat Dec 02, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5894

Re: The 4% rule, Firecalc and Human Nature

Consider how we seem to always seek certainty, but there just isn't any. Expect to continue to adapt in retirement, you already have 30 years of experience at living within your means. The failures of the SWR (4% real) are from early high inflation in the first decade of retirement but it still tak...
by am
Sat Dec 02, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8247

Re: Want to sell my Bitcoin, but when?

Let it all ride since the loss will not have consequences. Missing out on a significant gain may make you have regrets for a long time. Even though it may be a bubble, it may go on for years to come (or maybe not).
by am
Sat Dec 02, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5894

Re: The 4% rule, Firecalc and Human Nature

I am reminded of the new-ish BH member who posted last week that he felt he could come up with a perfect portfolio if he just had an unlimited amount of time to study up on investing... [/quote] I had the same belief when I started years ago. If I only read enough books, spent enough time on here an...
by am
Sat Dec 02, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule, Firecalc and Human Nature
Replies: 86
Views: 5894

Re: The 4% rule, Firecalc and Human Nature

Many of us that have enough assets for 4% rule to support us also have enough ss coming in to prevent a destitute existence in the worst of cases. We also have the ability to cut down and earn some extra income. I think a > 90-95% probability of success is good enough. There will never be 100% certa...
by am
Sun Nov 26, 2017 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10692

Re: Didn't buy Bitcoin at $4600

ClevrChico wrote:
Sun Nov 26, 2017 11:12 am
I'm reading about low income folks buying in now to get rich. That's a big red flag for me.
I don’t think many on here believe it’s not a bubble. You can still make money in a bubble but you gotta know when to sell. As we all know, that’s impossible.
by am
Sun Nov 26, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10692

Re: Didn't buy Bitcoin at $4600

I say this bubble will pop at 10K. But I’m doubting myself as I’m typing this. So let’s says you ride this bubble, when do you sell? There is no PE10 to tell us how richly valued it is is. There are no profit or quarterly reports. There is always the threat of news that seems like it can be the las...
by am
Sat Nov 25, 2017 11:52 pm
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10692

Re: Didn't buy Bitcoin at $4600

I was sitting in a cafe a couple of months ago, I didn't buy Bitcoin when it was $4600 per Bitcoin. I even had my bank info authenticated the few days prior. I think my PC battery died and I went to the gym instead. I don't really need the money, but I'd be lying if I said I don't feel a twinge of ...
by am
Sat Nov 25, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5587

Re: Interesting ride so far - Crypto-curriencies

Can someone explain how these cryptocurrencies such as bitcoin will be used for everyday transactions when the price is extremely volatile, transactions slow and expensive, limited acceptance, complex to use for everyday people, potential restrictive regulations etc? How will these cryptocurrencies...
by am
Sat Nov 25, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5587

Re: Interesting ride so far - Crypto-curriencies

Can someone explain how these cryptocurrencies such as bitcoin will be used for everyday transactions when the price is extremely volatile, transactions slow and expensive, limited acceptance, complex to use for everyday people, potential restrictive regulations etc? How will these cryptocurrencies ...
by am
Sun Nov 12, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What Credit Card is good for me?
Replies: 19
Views: 1355

Re: What Credit Card is good for me?

Start with Citi Double Cash or Fidelity for 2%. Use it in combination with your freedom card. If you want to play a bit of the game, add AMEX Everyday which gives you 3% groceries and Uber credit card which gives you 4% dining. Since you say you do foreign travel, you may want to consider Chase Sap...
by am
Fri Nov 10, 2017 3:46 pm
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9527

Re: "$1 Million is Closer Than You Think"

They should include a part that shows how much faster your money will grow if your investment company doesn't spend it on advertising... :D Advertising brings in more money to funds, which makes (some of) the costs lower when distributed across all the assets under management, and since Vanguard fu...
by am
Tue Nov 07, 2017 8:53 pm
Forum: Investing - Theory, News & General
Topic: The average American retiree household
Replies: 57
Views: 10926

Re: The average American retiree household

I think that if the advice on here about retirement were applied to the general population, than the great majority of people would never retire. The average retiree or pre retiree here is factors more knowledgeable and wealthy than the average. It also seems like many of us are very conservative an...
by am
Tue Nov 07, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1555

Re: Is short term tips etf appropriate for part of emergency fund?

I Bonds beyond 1 year function like Inflation indexed CDs for 30 years with the early withdrawal penalty waived after the first 5 years. Oh and you dont pay state income taxes on the interest. They make an excellent emergency fund and are also reasonably tax efficient in the event that you don't ne...
by am
Tue Nov 07, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Is short term tips etf appropriate for part of emergency fund?
Replies: 21
Views: 1555

Is short term tips etf appropriate for part of emergency fund?

Wondering if a short term tips etf such as the one vanguard offers would be appropriate for part of an emergency fund? If the goal is to maintain as much purchasing power over time with little risk? How about in comparison to I bonds?
by am
Sun Oct 29, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2674

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

At age 40 you seem to be in great shape. I agree that reducing equity risk would be prudent. A 50% equity allocation coupled with $100k contributions per year should enable you to still have excellent growth of your investments with less exposure. You also seem to have your children's education fun...
by am
Sun Oct 29, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2674

Re: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

Isn't a million just an arbitrary number at this point? I mean if you've "won the game" and no longer need to accumulate, then go for the big change in asset allocation. But if you're still on the road, then why make any drastic and sudden changes? How about partially winning the game and winding r...
by am
Sun Oct 29, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: NYTs- "Why Bonds aren't Boring Right Now"- Bogle commentary
Replies: 11
Views: 2144

Re: NYTs- "Why Bonds aren't Boring Right Now"- Bogle commentary

I see what he means. We're taking much greater risk with stocks for only incremental gains over bonds (1% difference stocks over bonds). Interesting way of thinking about it. Sorta similar to the way Buffett and others look at it--when the spread between what riskless assets are paying and what sto...
by am
Sun Oct 29, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Hit 2 comma milestone in portfolio thinking of increasing bonds drastically
Replies: 23
Views: 2674

Hit 2 comma milestone in portfolio thinking of increasing bonds drastically

Early 40s recently hit 2 comma club taxable + tax deferred at about 78% stocks 22% bonds. No debt, 20k pension with health insurance expected at 62. 3 kids anywhere from 6-10 yrs from college with about 250k saved (20k/yr contribution). Thoughts have crossed my mind to reduce allocation to 50% stock...
by am
Sun Oct 22, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Why do I need bonds? (I'm 30)
Replies: 70
Views: 6665

Re: Why do I need bonds? (I'm 30)

when my portfolio was 100k, a large % loss was not a big deal relative to my income. Now that my portfolio is low 7 figures, a big drop is a huge deal and will be psychologically damaging, at least for me. During the thick of the drop, you just don’t know how low and when (if?) it will recover since...
by am
Tue Oct 17, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: Vanguard expects "decent sized correction" soon, sometime, maybe later
Replies: 68
Views: 7436

Re: Vanguard expects "decent sized correction" soon

Those lifestrategy funds vanguard used to have where allocations were based on market conditions have become fixed allocation funds for a reason. I am sure that many thought the market was too hot during the 80s and 90s. I will stay the course no matter what. If market does drop, it will be an oppor...
by am
Sat Sep 30, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 4122

Re: For buying house: how do you know which schools are "good"?

Good schools generally correlate strongly with high income. Which often means little diversity and expensive housing.
by am
Tue Sep 26, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: 28 Year Old having a Crisis, how am I doing?
Replies: 27
Views: 4797

Re: 28 Year Old having a Crisis, how am I doing?

“In regards to my finances I have around 45K in between an IRA and 401k and about 10K in Checking’s / Savings. I really feel as if I should be doing better than this at this point in my life.” I think you are doing fine. Your networth assuming no debt is between 10-25% for your age group! https://as...
by am
Sat Sep 23, 2017 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 958

Re: Vanguard college calculator and some questions

I have been using this Vanguard calculator to get an idea where I am in terms of Saving for my kids college : https://vanguard.wealthmsi.com/csp.php# Is tuition increase really 5% per year like calculator defaults to? Looks like I’ll be paying 350k for tuition and board for my 13year old daughter f...
by am
Sat Sep 23, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Article from Pfau on non us countries mostly not supporting 4%
Replies: 6
Views: 1220

Re: Article from Pfau on non us countries mostly not supporting 4%

I would also add that there are no guarantees except one in this life. At some point, you just have to go on faith that things will work out since there are too many unknowns to protect oneself against. We can discuss withdrawal rates but we’ll never be sure.
by am
Sat Sep 23, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11329

Re: The Magic of Savings Rate

Folks, It is very simple but hard. 1) Average American at all income level saves nothing. 2) So, if you want to save money, do not live like average American at your income level. Live like the average American at one income level below you. Then, you could save money. 3) The key question is where ...
by am
Sat Sep 23, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: Bitcoin Return and Investing Ideas
Replies: 40
Views: 3600

Re: Bitcoin Return and Investing Ideas

A positive real return for bitcoin due to the supply being limited to 21 million sounds kind of iffy to me. For one thing, the limit is only imposed at about year 2140 A.D. So for the next 120 years, the supply of bitcoin will increase. From https://coinmarketcap.com/ Circulating Supply is now 16,5...
by am
Sat Sep 23, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Article from Pfau on non us countries mostly not supporting 4%
Replies: 6
Views: 1220

Article from Pfau on non us countries mostly not supporting 4%

https://retirementresearcher.com/4-rule-work-around-world/?utm_source=hs_email&utm_medium=email&utm_content=56635857&_hsenc=p2ANqtz-_rgi4P_XiAN2kfeQKpCkUgXozBCwlJrqewJJussdPfa7xKVCGTtbfElbKEDvtcqtEkUKpG1n6XRRCIwM46L3eQF_8kXw&_hsmi=56634270 Some countries were close to 0%. Only point to add is that w...
by am
Sat Sep 23, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees underestimate how much they need?
Replies: 1
Views: 711

Any retirees underestimate how much they need?

Seems to me like a lot of people on this forum have early retirements in their 50s and even 40s. Yet a lot of advice on these forums advocates low withdrawal rates of 3% or lower and saving large amounts to account for the unexpected. Given how low retirement savings are in this country on average ,...
by am
Sat Sep 23, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 958

Re: Vanguard college calculator and some questions

...Wondering what others have done to pay? Save more, cash flow the difference assuming income stays the same, take loans, heloc, encourage public state school? We saved early and often while my daughters were young such that we had enough saved before either started college to fund the full cost f...
by am
Sat Sep 23, 2017 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 958

Vanguard college calculator and some questions

I have been using this Vanguard calculator to get an idea where I am in terms of Saving for my kids college : https://vanguard.wealthmsi.com/csp.php# Is tuition increase really 5% per year like calculator defaults to? Looks like I’ll be paying 350k for tuition and board for my 13year old daughter fo...
by am
Fri Sep 22, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 114
Views: 11058

Re: No More Saving???

I would keep saving no matter what before retirement, since there are so many unknowns with how much you will need and what you’ll have down the line. I would add that it is important to strike a balance between saving and spending, since there is a real chance you may never get to use your savings....
by am
Thu Sep 21, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds - Ugh
Replies: 26
Views: 2221

Re: Bonds - Ugh

Bonds will look great when we have the next big pullback in stocks! Most of us are long term investors.
by am
Thu Sep 21, 2017 8:45 am
Forum: Investing - Theory, News & General
Topic: Bitcoin AA - Just out of Curiousity
Replies: 51
Views: 2936

Re: Bitcoin AA - Just out of Curiousity

Angelus359 wrote:
Wed Sep 20, 2017 8:13 am
I have about 1400$ of a mixture of cryptocurrency

My IRA has about 24k in it

That works out to be 5.5% of my portfolio


Just gonna let it sit and see what happens. Buy and hold.

How’d you get it into your IRA? Only way I know is with gbtc(bitcoin investment trust).
by am
Wed Sep 20, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7368

Re: Physiological effects of Early Retirement in peak earning years.

My father died when he was 58. I retired as early as I could. This ^ post brings it all into proper context. You can always make more money. You can't make more time. DH died earlier this year at 55. We had even made plans for early retirement, which should have been early this year. Unfortunately ...
by am
Wed Sep 20, 2017 2:15 pm
Forum: Investing - Theory, News & General
Topic: Income from Uncorrelated Commodities
Replies: 26
Views: 1143

Re: Income from Uncorrelated Commodities

I found a fund called SIVR which holds physical silver in a vault to avoid the contract exposure issue. I also found an ETF called DBC which has 14 commodities but uses contracts. Hmm. Dbc invests in collaterlized commodity futures,has high expenses, issues with front running contango, k1 form if r...