Search found 526 matches

by LFKB
Fri Feb 01, 2019 1:49 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 10422

Re: Making a 3.8 million deposit

VCIT is a pretty safe fund (in my opinion) with a 4.1% current yield and doesn't require you to lock it up in a CD. I'd look into that as an option for all or a portion of it. If you want more safety you could go with total bond market or a money market fund. I am assuming this will be all your inco...
by LFKB
Thu Jan 24, 2019 1:25 am
Forum: Personal Investments
Topic: High-Yield Corporate Fund Investor Shares - VWEHX
Replies: 41
Views: 1761

Re: High-Yield Corporate Fund Investor Shares - VWEHX

You’ll get a lot of snarky responses here on this topic, as you already have It has more upside than safer bond funds, but also a worse downside It has less upside than total stock market, but also less downside Detractors will claim you should take your risk on equities and keep your bond allocatio...
by LFKB
Wed Jan 23, 2019 11:45 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 291
Views: 24916

Re: What lifestyle creep made you happier?

AlphaLess wrote:
Wed Jan 23, 2019 9:09 pm
OnTrack2020 wrote:
Wed Jan 23, 2019 8:52 pm
SiriusXM
Am thinking about Netflix
Not flying coach
Wait, you put Sirius/Netflix and NOT flying coach on the same level?
No. Not flying coach was two levels below Sirius and one level below Netflix.
by LFKB
Wed Jan 23, 2019 11:40 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 291
Views: 24916

Re: What lifestyle creep made you happier?

All of it - bigger house with a pool/hot tub, upgraded cars, nicer golf courses, better vacations, better tickets for shows, concerts and sporting events, house cleaning help, nanny, better wine and booze at the house, flying first class, getting massages, better furniture, etc If I didn’t derive pl...
by LFKB
Tue Jan 22, 2019 3:24 pm
Forum: Personal Investments
Topic: Should I increase my stock allocation to 90% stocks?
Replies: 63
Views: 4922

Re: Should I increase my stock allocation to 90% stocks?

You should try to have a rough idea of the amount you need for a downpayment and treat it separate from your overall asset allocation. Invest the money for the DP in something safe like short of intermediate term bonds. You could set it all side now. Thanks for the detailed explanation! But if I se...
by LFKB
Thu Jan 17, 2019 7:18 pm
Forum: Personal Investments
Topic: Should I increase my stock allocation to 90% stocks?
Replies: 63
Views: 4922

Re: Should I increase my stock allocation to 90% stocks?

You should try to have a rough idea of the amount you need for a downpayment and treat it separate from your overall asset allocation. Invest the money for the DP in something safe like short of intermediate term bonds. You could set it all side now or come up with a plan for how you get to the $150...
by LFKB
Thu Jan 17, 2019 6:06 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 151
Views: 14714

Re: Tributes to Jack Bogle

"Jack did more for American investors as a whole than any individual I've known. A lot of Wall Street is devoted to charging a lot for nothing. He charged nothing to accomplish a huge amount."

Warren Buffett
by LFKB
Tue Jan 15, 2019 11:02 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 177
Views: 11397

Re: Are You Dumping Netflix?

They could change the price to $40 a month and I’d continue to subscribe. I’d be shocked if they had more than 1% churn as a result of this. Who in the hell cares about $1 to $2 a month?
by LFKB
Mon Jan 07, 2019 6:45 pm
Forum: Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10679

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

A downpayment on a house and a wedding are both non-recurring events, so I think it is fine to suspend some of your retirement savings for a bit to help with those. Like you said, I would at least contribute up to the employer match through if you can. It's ultimately a personal decision though that...
by LFKB
Wed Jan 02, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 903
Views: 233956

Re: Share your net worth progression

LFKB wrote:
Mon Jun 12, 2017 10:04 am
Full update for the two of us below

2008: graduated college - maybe $40k
2009: $100k
2010: $200k
2011: $400k
2012: $620k
2013: $850k
2014: $1.15M
2015: $1.6M
2016: $2.1M
2017: $2.8M
2018: $5.0M
by LFKB
Wed Dec 26, 2018 10:37 pm
Forum: Personal Investments
Topic: How compare rates for CD's vs Bond Funds? SEC Yield , Return,. Price Chart?
Replies: 15
Views: 1501

Re: How compare rates for CD's vs Bond Funds? SEC Yield , Return,. Price Chart?

There is interest rate risk with bonds, but it can be an upside as well. Remember that expected future interest rate hikes are already priced in, so the bond prices should only go down if interest rates increase faster than expected or if there is a deteroriation in the credit worthiness of the unde...
by LFKB
Mon Dec 10, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22493

Re: What are your property taxes?

$48k per year :(
by LFKB
Wed Dec 05, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Southern California Vacation Questions
Replies: 39
Views: 2119

Re: Southern California Vacation Questions

Not much to add. Agree with the people who say to skip Hollywood. I would skip Hollywood entirely. I would go to the Huntington gardens, though. Even in the winter. My favorite place in LA. If you’re staying in Westwood and spending most of your time on or around the campus, you can get by without ...
by LFKB
Wed Dec 05, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Southern California Vacation Questions
Replies: 39
Views: 2119

Re: Southern California Vacation Questions

I live in Brentwood, right on the border of Santa Monica. Santa Monica will be crowded but it's a great spot and relatively close to UCLA. If you want less crowds, go up to Malibu or down to Manhattan Beach but you'll be a bit removed. Your list is pretty much a whose who or LA tourism...personally ...
by LFKB
Fri Nov 30, 2018 12:23 am
Forum: Personal Investments
Topic: The first million?
Replies: 36
Views: 5617

Re: The first million?

This is just a simple math equation. If you post how much you have now, then you can easily calculate what the value is 9 years from now assuming 5.2% return
by LFKB
Wed Nov 21, 2018 1:25 am
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 44
Views: 7532

Re: How This All Happened (to the US economy)

Funny to see Morgan’s name on here. We used to work together a number of years ago in a finance job (not writing).
by LFKB
Fri Nov 09, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: P/E Ratios - US vs International
Replies: 19
Views: 1553

Re: P/E Ratios - US vs International

You can find the P/E ratio for any Vanguard fund on the website. Just go to the fund and then I believe it’s listed o n the “Portfolio” tab.

International is way cheaper right now but that doesn’t mean it’s necessarily a better investment
by LFKB
Tue Oct 16, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 11179

Re: Should we move to San Diego from east coast?

We are in the suburbs of Philadelphia, and annual combined income of 195k. Our family lives in La Jolla and we surely would be looking at towards north country, SD. La Jolla is too expensive, we are seriously thinking about it but the plan is to move in a year or so if we do. Trying to see if we ca...
by LFKB
Wed Sep 19, 2018 4:51 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Any reason why one of the children isn't being asked to help? It seems decidedly odd to go straight to a grandchild — who is still apparently learning about investment — to suddenly managed a portfolio of $7M, which must be a well-into-the-99th-percentile portfolio. What about my post made you thin...
by LFKB
Wed Sep 19, 2018 4:33 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Any reason why one of the children isn't being asked to help? It seems decidedly odd to go straight to a grandchild — who is still apparently learning about investment — to suddenly managed a portfolio of $7M, which must be a well-into-the-99th-percentile portfolio. What about my post made you thin...
by LFKB
Wed Sep 19, 2018 3:16 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

How did you decide upon the 70/30 AA? Since family is involved and the timeframe for distribution could be very soon, I would think you would want to prioritize capital preservation over growth. I'm actually taking the stock portion down from 86% (81% stock and 5% REIT) to 70% (65% stock, 5% REIT),...
by LFKB
Wed Sep 19, 2018 2:58 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I think your plan seems pretty reasonable at first glance. Even though the 4 beneficiaries are on board, I can see the value of covering yourself with some kind of 1-time fee financial consultation. Document what you are doing, and keep the beneficiaries up to date with statements, etc. Maybe get t...
by LFKB
Wed Sep 19, 2018 2:38 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I heard of a gentleman with an MBA from the Booth School of Business. His deceased mom made sure that his inheritance was administered in trust with his two other brothers (who had no particular financial education qualifications) as trustees. I guess his mom didn't like the University of Chicago. ...
by LFKB
Wed Sep 19, 2018 2:20 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Any reason why one of the children isn't being asked to help? It seems decidedly odd to go straight to a grandchild — who is still apparently learning about investment — to suddenly managed a portfolio of $7M, which must be a well-into-the-99th-percentile portfolio. What about my post made you thin...
by LFKB
Wed Sep 19, 2018 1:37 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

My grandma has asked me to do this and all of the heirs are supportive of the decision. She is completely with it mentally and none of her children would claim otherwise. She would assign me power of attorney on all the accounts. I know my aunts and uncles well and don't expect any issues from them...
by LFKB
Wed Sep 19, 2018 12:56 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

I would imagine holding the munis to maturity and then rolling to a bond fund would be advantageous tax-wise and bond return wise in 1-2 years (should be better for short/intermediate) after interest rate increases. What is the yield on the minis? Btw I only see a 3.29% yield on vanguard intermedia...
by LFKB
Wed Sep 19, 2018 12:53 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

First, I'm very confused by your post because I outlined all the steps I am taking to remedy the errors that I saw in her portfolio when I reviewed it...and you felt it necessary to then point out those errors which I already addressed, but see below for my response How is the Wedbush person adminis...
by LFKB
Wed Sep 19, 2018 12:44 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Re: Taking Over Management of $7M Portfolio - Need Review/Help Allocating

My grandma has asked me to do this and all of the heirs are supportive of the decision. She is completely with it mentally and none of her children would claim otherwise. She would assign me power of attorney on all the accounts. I know my aunts and uncles well and don't expect any issues from them....
by LFKB
Tue Sep 18, 2018 3:50 pm
Forum: Personal Investments
Topic: Taking Over Management of $7M Portfolio - Need Review/Help Allocating
Replies: 50
Views: 4217

Taking Over Management of $7M Portfolio - Need Review/Help Allocating

Hi all, I have been asked to take over control of a $7M net worth portfolio for my 95 year old grandma. She has 4 children (ages 57-64) who will split the amounts equally when she passes away. At this point, she has more than enough money for herself so the management of this money is essentially fo...
by LFKB
Thu Jul 26, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: Hold one stock 25 years
Replies: 68
Views: 6626

Re: Hold one stock 25 years

Google is my largest single stock holding and I’ve owned it since around $300. That would be my answer. Beyond investing in other tech start ups, they also have the best autonomous vehicle unit, a very strong cloud offering, YouTube, strong artificial intelligence, etc. They are making big bets in a...
by LFKB
Wed Jul 25, 2018 5:52 pm
Forum: Personal Investments
Topic: What are the best options for a home equity line of credit?
Replies: 8
Views: 680

Re: What are the best options for a home equity line of credit?

Our HELOC rate through TD Bank is lower than what you were quoted. We opened it last fall; good experience with them. We also considered an offer through Fifth Third Bank that was competitive. What is your rate? Is it priced off prime or something else? If in relation to prime, what is the discount...
by LFKB
Wed Jul 25, 2018 3:36 pm
Forum: Personal Investments
Topic: What are the best options for a home equity line of credit?
Replies: 8
Views: 680

What are the best options for a home equity line of credit?

Starting to look into a HELOC so I can fund a short term investment opportunity in a public security and do not have to cash out of my current investment and pay capital gains. So far I have spoken with First Republic, BofA, First Republic and US Bank. Best rate currently being offered is prime minu...
by LFKB
Thu Jul 19, 2018 6:09 pm
Forum: Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9433

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

I see giving up the $35,000 annually as a potential mistake. Almost any index fund will just as likely allow you to withdraw $35,000 a year on a $1M portfolio, its only a 3.5% withdrawal rate. He wouldn't be giving up $35,000 annually. If they wanted that amount of income they could still have it. ...
by LFKB
Thu Jul 19, 2018 6:04 pm
Forum: Personal Investments
Topic: I'm about to inherit a single stock with a worth of just over 7 figures....
Replies: 103
Views: 9433

Re: I'm about to inherit a single stock with a worth of just over 7 figures....

If rather than inheriting $1M of the stock someone gave you $1M in cash, would you put it all in this stock? That is the answer you should be asking yourself.
by LFKB
Wed Jul 18, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 8061

Re: Anyone not have a Budget?

Words to live by..."You can't go over budget, if you don't have a budget" I don't have a budget. I spend as much as I want on frivolous vacations, nice dinners, concerts, sporting events and so on but I make enough that there is still ample savings at the end of the year that support my retirement g...
by LFKB
Wed Jul 18, 2018 5:36 pm
Forum: Personal Investments
Topic: High Crypto Allocation
Replies: 37
Views: 3354

Re: High Crypto Allocation

I don't invest in crypto so you're not asking for my opinion here, but there is a real possibility that the current versions of crypto that you're investing in goes to zero or close to it. So I would only do an amount that you are comfortable losing. Personally it feels like the craze is over and th...
by LFKB
Wed Jul 18, 2018 1:55 pm
Forum: Investing - Theory, News & General
Topic: Why is leveraging property good but leveraging stocks bad?
Replies: 206
Views: 16528

Re: Why is leveraging property good but leveraging stocks bad?

I don't think using leverage is a bad thing for stocks as long as it's done so prudently. It is worth noting though that those stocks you are buying are already levered at the company level. So there is already leverage at play which is amplifying those equity returns up or down for each stock you o...
by LFKB
Wed Jul 18, 2018 1:29 pm
Forum: Personal Investments
Topic: Why Does Vanguard Emerging Markets not Tie to Market Caps?
Replies: 7
Views: 964

Re: Why Does Vanguard Emerging Markets not Tie to Market Caps?

You're not looking at free float, are you? Most stock indexes intended for investment adjust weights for float. I wasn't aware of that. So when we say market cap weighted which we do on here constantly, that is a misnomer. It should be free float market cap weighted as there are some rather large d...
by LFKB
Wed Jul 18, 2018 1:13 pm
Forum: Personal Investments
Topic: Why Does Vanguard Emerging Markets not Tie to Market Caps?
Replies: 7
Views: 964

Re: Why Does Vanguard Emerging Markets not Tie to Market Caps?

The same appears to be true for Vanguard International. Royal Dutch Shell is the #1 holding with $289 billion market cap and Tencent is #2 with $451 billion market cap. Total Stock Market appears to be weighted as you'd expect (by market cap) so maybe there is some sort of country weighting that get...
by LFKB
Wed Jul 18, 2018 12:27 pm
Forum: Personal Investments
Topic: Why Does Vanguard Emerging Markets not Tie to Market Caps?
Replies: 7
Views: 964

Why Does Vanguard Emerging Markets not Tie to Market Caps?

For example, Vanguard's Emerging Markets (VEMAX) top holdings are 1. Tencent - $4.4 billion Vanguard weighting and $451 billion market cap 2. Alibaba - $3.0 billion Vanguard weighting and $494 billion market cap 3. Naspers - $1.7 billion Vanguard weighting and $110 billion market cap 4. Taiwan Semic...
by LFKB
Tue Jul 17, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

You cannot retire mortgage debt by HELOC. So I take it you mean only retiring the CC debt. Even if you do that, the payment on that will go down by $500 or so (very very rough guess) That will bring the expenses down to 10.5K/month. That is still expenses of $126K on an income of $100K .. I didn't ...
by LFKB
Tue Jul 17, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

Hi - I am asking this question on behalf of my parents who are each 64 and full retirement age is 66. They are not doing great financially and are both are still working part time. They still owe money on their mortgage and have credit card debt, which I am going to work on having them retire by dr...
by LFKB
Tue Jul 17, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

Hi - I am asking this question on behalf of my parents who are each 64 and full retirement age is 66. They are not doing great financially and are both are still working part time. They still owe money on their mortgage and have credit card debt, which I am going to work on having them retire by dr...
by LFKB
Mon Jul 16, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

Were either of your parents born before 1/1/1954? If so that parent could file a restricted application as a spouse at FRA providing their spouse has already filed and thereby allowing their own benefit to grow until age 70. Particularly if your father being the higher earner was before that date i...
by LFKB
Mon Jul 16, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

...they need the monthly cash and...Their income is a bit over $100k per year. As JoeRetire implied, this seems an unusual combination, unless they have no other resources to draw from if they stopped working and deferred SS. Might be useful to have a fuller picture of their finances. They are your...
by LFKB
Mon Jul 16, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Re: Social Security Questions for my Parents

My questions are If my dad passes away, my mom will receive his social security benefit (but not hers) as it is higher than hers, correct? Correct. 2. I believe point #1 applies regardless of if my dad starts to draw on his social security prior to his death or not, correct? So if my dad never file...
by LFKB
Mon Jul 16, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1505

Social Security Questions for my Parents

Hi - I am asking this question on behalf of my parents who are each 64 and full retirement age is 66. They are not doing great financially and are both are still working part time. They still owe money on their mortgage and have credit card debt, which I am going to work on having them retire by dra...
by LFKB
Sun Jul 15, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Any source for: "If markets fall X%, a X/X portfolio will fall X%?
Replies: 10
Views: 971

Re: Any source for: "If markets fall X%, a X/X portfolio will fall X%?

I think what you’re referring to is that people assume the stock portion of a portfolio can fall up to 50% and safe bonds like Total Bond should remain about flat. So if you’re 100% stocks, your portfolio could fall by 50% If you’re 50% stock, your portfolio could fall up to 25% If you’re 80 stock, ...
by LFKB
Fri Jul 13, 2018 6:11 pm
Forum: Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 105
Views: 8090

Re: Tell me what's wrong with my strategy

magicrat wrote:
Fri Jul 13, 2018 11:34 am
Picking some random stocks without justification doesn't sound like a strategy to me. Good luck though.
Who said he doesn’t have a justification for them? I’ve owned amazon, google and NVIDIA for years and they have dominated my index positions. They’re my only meaningful single stock positions.
by LFKB
Mon Jul 09, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 375
Views: 22493

Re: What are your property taxes?

$48k per year here in Cali the GOAT state. Doesn’t feelgoodman