Search found 243 matches

by JimmyJammy
Wed Nov 11, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3367
Views: 251735

Re: Small Cap Value heads Rejoice !!!

Have we been given the greenlight to confidently get back into small cap value now (with vaccine news, election basically settled) or is it a fake-out? I lean bullish!
by JimmyJammy
Fri Oct 23, 2020 12:45 pm
Forum: Personal Investments
Topic: Tax efficient way to convert single stock position to index fund
Replies: 25
Views: 2188

Re: Tax efficient way to convert single stock position to index fund

Is that single stock, by chance, Amazon? Because in my case it sure is!
by JimmyJammy
Fri Oct 23, 2020 6:07 am
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 317
Views: 26922

Re: Anybody here trying Coast FIRE?

And I thought COAST FIRE meant retiring on one of the HCOL US coasts!
by JimmyJammy
Fri Oct 23, 2020 5:51 am
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 260
Views: 25750

Re: If you have a sizable portfolio, you don't need an emergency fund

Didn’t Warren Buffet recommend, if he dies, putting 90% of his assets in something like VTI and 10% in short term treasuries?

So is that 10% his EF?
by JimmyJammy
Thu Oct 22, 2020 10:27 pm
Forum: Personal Investments
Topic: Long Suffering VXUS Holder No More
Replies: 216
Views: 20205

Re: Long Suffering VXUS Holder No More

Last time I checked, Vanguard's 4-fund Target Retirement Funds have a large portion allocated to International Stock.

VFORX (Target 2040) for example, has 33% in non-US Equity.

If you're giving up on international, you're taking a big stand against Vanguard's advice.
by JimmyJammy
Thu Oct 22, 2020 10:19 pm
Forum: Personal Investments
Topic: Is solo 401k the right move?
Replies: 7
Views: 510

Re: Is solo 401k the right move?

I love my solo 401(k). It can massively reduce your taxable income. My favorite brokerage for it is TD Ameritrade. I love how they let me invest in basically anything.
by JimmyJammy
Thu Oct 22, 2020 10:18 pm
Forum: Personal Investments
Topic: When to dump/replace a fund - considering taxes
Replies: 11
Views: 907

Re: When to dump/replace a fund - considering taxes

But if I wait - here's the timing the market part - for a correction, then my cost basis won't be as high and I'll get taxed less. A correction changes your balance, not your basis. Have you considered that even though your tax will be less, your after-tax proceeds might be less too? Sure. I think ...
by JimmyJammy
Thu Oct 22, 2020 12:35 pm
Forum: Personal Investments
Topic: When to dump/replace a fund - considering taxes
Replies: 11
Views: 907

Re: When to dump/replace a fund - considering taxes

Joint/Married. 24% tax bracket.

Alright so maybe I put fixed income in long term and intermediate muni funds?
by JimmyJammy
Thu Oct 22, 2020 7:33 am
Forum: Personal Investments
Topic: When to dump/replace a fund - considering taxes
Replies: 11
Views: 907

Re: When to dump/replace a fund - considering taxes

I would get rid of as much as I could without 1) going into NIIT territory 2) going into IRMAA territory if you are 63 or older and 3) without paying short term capital gains tax. If you avoid those things, it is just a matter of paying your 15% now or later. If you are in the 12% tax bracket there...
by JimmyJammy
Wed Oct 21, 2020 3:31 pm
Forum: Personal Investments
Topic: When to dump/replace a fund - considering taxes
Replies: 11
Views: 907

Re: When to dump/replace a fund - considering taxes

Ok, thanks for those tips. The fund, by the way is ABALX. Not at all an equivalent fund in composition (it has something like 32% bond) but it is often used in an equivalent manner - as a core portfolio holding. So, I'd probably replace it with a mix of VTI, BND and VXUS. ABALX is .59 Expense ratio....
by JimmyJammy
Wed Oct 21, 2020 11:19 am
Forum: Personal Investments
Topic: When to dump/replace a fund - considering taxes
Replies: 11
Views: 907

When to dump/replace a fund - considering taxes

I own a mutual fund that I'd rather not own at this point, given that I've become more convinced by the Bogleheads emphasis on low cost index funds . If I wanted to replace it with, say, VTI (VTSAX) the question is when to do it. Perhaps this is a market timing question and the simple response is &q...
by JimmyJammy
Sun Sep 20, 2020 10:46 pm
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 380
Views: 31247

Re: Is anyone waiting until after the election?

I think there will be a lot of opportunity during the volatility leading up to the election and likely through the 4 or so weeks following the election. So, buy when the selling is extreme. It worked out in March.
by JimmyJammy
Sat Sep 19, 2020 11:28 pm
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 16
Views: 2003

Re: MYGA vs CD - what would you choose?

Good to know. Time to move. :)
by JimmyJammy
Sat Sep 19, 2020 11:02 pm
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 16
Views: 2003

Re: MYGA vs CD - what would you choose?

Looks interesting. I checked out Blueprint. Why are the rates on MYGAs in New York relatively terrible?
by JimmyJammy
Tue Sep 01, 2020 7:18 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 296
Views: 20688

Re: What is your age and asset allocation ?

44

60% US, 20% foreign, 12% bond, 8% cash
by JimmyJammy
Mon Aug 31, 2020 3:23 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3718

Re: Help me break my addiction to watching the Market / Worrying

Thanks for everyone's perspective! It's helping. My impression is that, given how many people post on these forums, I'm not the only one checking my portfolio every day. :) Today was day 1 of my new strategy. I'm attempting baby steps. This week, I'm only checking financial news from 9-9:30a eastern...
by JimmyJammy
Sun Aug 30, 2020 11:01 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3718

Re: Help me break my addiction to watching the Market / Worrying

Anyway, any advice is appreciated. You may be a very good candidate to turn over your account to a manager in spite of the fee(s) involved simply to save yourself from yourself. :beer That's probably what I would recommend based on this recent pot of over-thinking stew seems to have been brewing fo...
by JimmyJammy
Sun Aug 30, 2020 2:30 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3718

Re: Help me break my addiction to watching the Market / Worrying

It also doesn't help that I have an enabler, a fellow furloughed ex co-worker who is very much into trading stocks.
by JimmyJammy
Sun Aug 30, 2020 2:29 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3718

Re: Help me break my addiction to watching the Market / Worrying

OP, I just looked at your post history. This was you in 2013, wanting to break your addiction to individual stocks: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=126471&p=1855313#p1855313 Where do you want to be 7 years from now? Still spending tons of time on trading? Or spending ti...
by JimmyJammy
Sun Aug 30, 2020 1:16 pm
Forum: Personal Investments
Topic: Help me break my addiction to watching the Market / Worrying
Replies: 52
Views: 3718

Help me break my addiction to watching the Market / Worrying

I have a problem. I am spending way too much time watching the market and messing with my holdings. (I've even been swing trading here and there). BUT, I want to spend more of my time on other things, like boosting my job skills, related education, and creative projects. Currently, I am furloughed f...
by JimmyJammy
Sun Aug 30, 2020 12:50 pm
Forum: Personal Investments
Topic: Cash allocation in negative interest rate environment
Replies: 17
Views: 2053

Re: Cash allocation in negative interest rate environment

I'm moving most of my assets to my individual broker account and sell cash covered puts. For example, 1 year sep 17 SPY put for 275 strike price has a premium of $1275. So that's a 4.6 percent return on your cash. Plus it's also essentially a limit order for the sp500 at a discount from today's pri...
by JimmyJammy
Sat Aug 29, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: If you invest in REITs, are you sticking with VNQ/VGSLX or getting selective
Replies: 47
Views: 6413

Re: If you invest in REITs, are you sticking with VNQ/VGSLX or getting selective

I used to own VNQ. For some reason I find myself in individual REITS for the near future: O, OHI, MPW and SPG. I won't know if I made the right decision for about 2 or 3 years.
by JimmyJammy
Sat Aug 29, 2020 2:24 pm
Forum: Investing - Theory, News & General
Topic: Bonds: The situation and near-term perspective
Replies: 31
Views: 3966

Re: Bonds: The situation and near-term perspective

It depends on your risk level. Personally I keep half of my EF in a HYSC (Ally/Cit) and the rest in NP CD's. Yes I'm not making money on it but I'm not loosing money ether. Why not just stick it in a Vanguard money market fund? Then it's ready to deploy quickly into riskier assets if opportunity ar...
by JimmyJammy
Sat Aug 29, 2020 2:20 pm
Forum: Investing - Theory, News & General
Topic: Bonds: The situation and near-term perspective
Replies: 31
Views: 3966

Re: Bonds: The situation and near-term perspective

Here is my take on bonds - not a straight forward dilemma with many “ifs” 1.At best they are all nothing more than cash (Zero interest rate) 2. No matter what bonds we use either will make no money or lose (if the Fed decides to rise interest rates, which they have said that they will not) 3. if in...
by JimmyJammy
Sat Aug 29, 2020 2:13 pm
Forum: Personal Investments
Topic: Cash allocation in negative interest rate environment
Replies: 17
Views: 2053

Re: Cash allocation in negative interest rate environment

I keep my savings in a revolving CD ladder. Today I saw the CD rates are negative. What does one do? PNC Savings account is at 1%. I'd still be losing to inflation, but losing less. Rates on safe fixed income (outside of limited outliers like Series I and EE savings bonds) are negative in real doll...
by JimmyJammy
Fri Aug 28, 2020 11:03 pm
Forum: Personal Investments
Topic: TRBCX [T. Rowe Price Blue Chip Growth Fund]
Replies: 22
Views: 1213

Re: TRBCX [T. Rowe Price Blue Chip Growth Fund]

On a related note, the T. Rowe Price fund PRGTX (Global Tech) has been on fire this past decade as you can probably imagine.

According to Yahoo finance
PRGTX 10 year return: 22.76%
VTSAX 10 year return: 13.73%
by JimmyJammy
Fri Aug 28, 2020 3:54 pm
Forum: Personal Investments
Topic: Asset Allocation for 47 year old
Replies: 25
Views: 2290

Re: Asset Allocation for 47 year old

Historically, stocks have outperformed bonds over the long haul. So I think my approach to AA is to put most of my assets in stocks and risky bonds but then have a portion in "safe" cash/bonds. I don't consider a core bond fund as that safe these days (though I do have a bunch in there). M...
by JimmyJammy
Fri Aug 28, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: Bonds: The situation and near-term perspective
Replies: 31
Views: 3966

Re: Bonds: The situation and near-term perspective

I trimmed my core bond fun by 10% today. I couldn't help it. Going into safer bonds. Anybody read about this fund called IVOL? It's mostly TIPS. https://seekingalpha.com/article/4370569-ivol-non-correlated-to-common-asset-classes-etf-strategy-gets-podcast-transcript Pretty interesting, thank you fo...
by JimmyJammy
Thu Aug 27, 2020 5:39 pm
Forum: Investing - Theory, News & General
Topic: Bonds: The situation and near-term perspective
Replies: 31
Views: 3966

Re: Bonds: The situation and near-term perspective

I trimmed my core bond fun by 10% today. I couldn't help it. Going into safer bonds.

Anybody read about this fund called IVOL? It's mostly TIPS.

https://seekingalpha.com/article/437056 ... transcript
by JimmyJammy
Wed Aug 26, 2020 4:23 pm
Forum: Investing - Theory, News & General
Topic: A timely and equanimous article on gold
Replies: 78
Views: 6223

Re: A timely and equanimous article on gold

I have .68% GLD and 1.13% SLV just because I don't want to miss out on the fun.

But, I will not forget how GLD nosedived along with everything else in March of 2020.
by JimmyJammy
Wed Aug 26, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 3367
Views: 251735

Re: Small Cap Value heads Rejoice !!!

The fund I've been in for 10 years is VBR. I think some day it will outperform the S&P but likely not for 2 or 3 years. (Of course, some people have said it's not really a small cap fund? oh well). I do feel more comfortable adding into this one on the dips, however, as opposed to the normal ind...
by JimmyJammy
Wed Aug 26, 2020 2:34 pm
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30157

Re: Bear Cub Smells Bubble

My opinion is if you have the time and enjoy trading / market timing, there's nothing wrong with doing some of it when volatility is up. Just don't mess around with more than 10-20% of your portfolio. Furthermore, there's nothing wrong with taking some profits on this monster Fed-fueled rally, as we...
by JimmyJammy
Sun Jul 05, 2020 9:25 am
Forum: Investing - Theory, News & General
Topic: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?
Replies: 358
Views: 19784

Re: Will ex-US ever revert to good performance? Or is it just a high-risk, low-reward investment?

I'm comfortable with 20% devoted to ex-US with a slight tilt towards emerging markets. This is significantly less than what Vanguard recommends in its Target Retirement funds. For now, I'll just keep monitoring the world situation and will up my allocation if there seems to be a trend towards non-US...
by JimmyJammy
Sun Jul 05, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Small Cap Value @ 100%
Replies: 14
Views: 1590

Re: Small Cap Value @ 100%

I have a 5% SCV tilt but I'm not willing to go much beyond that. I prefer diversity.
by JimmyJammy
Sun Jun 21, 2020 9:42 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS breakpoint fees for ultra high net worth investors
Replies: 17
Views: 1375

Re: Vanguard PAS breakpoint fees for ultra high net worth investors

So what does someone with $100M do to get a lower tax bill? Are those kind of folks all relying on offshore bank accounts in the Canary Islands? Well the least you could do is invest in SCHG and IMTM instead of VTI and VXUS. Cuts your tax bill in half. Why is that? (And should everybody be doing th...
by JimmyJammy
Sun Jun 21, 2020 9:39 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads walked the talk; be proud.
Replies: 39
Views: 5891

Re: Bogleheads walked the talk; be proud.

The only thing I panic sold was MUB (national munis) and I really regret that. Extraordinary government action saved things quickly, all around.

I also shorted the market which netted me a little extra coin.
by JimmyJammy
Sun Jun 21, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS breakpoint fees for ultra high net worth investors
Replies: 17
Views: 1375

Re: Vanguard PAS breakpoint fees for ultra high net worth investors

So what does someone with $100M do to get a lower tax bill? Are those kind of folks all relying on offshore bank accounts in the Canary Islands?
by JimmyJammy
Sun Jun 21, 2020 11:02 am
Forum: Personal Investments
Topic: Merrill Edge Feedback
Replies: 33
Views: 3662

Re: Merrill Edge Feedback

I've used Merrill Edge for a few years. No commissions on any stock or ETF trades.

For options, you do pay commission. No Robinhood has an advantage there. But Robinhood has other problems.
by JimmyJammy
Sat Jun 20, 2020 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 99
Views: 13563

Re: Where do you keep your emergency fund?

What do folks here think of Vanguard's Short-Term Federal Fund? (VSGDX and VSGBX) https://investor.vanguard.com/mutual-funds/profile/overview/vsgdx The investor fund has a .2% ER and the Admiral fund has a .10% expense ratio. And with the actions of the Fed and also with investors using treasuries ...
by JimmyJammy
Sat Jun 20, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 99
Views: 13563

Re: Where do you keep your emergency fund?

What do folks here think of Vanguard's Short-Term Federal Fund? (VSGDX and VSGBX) https://investor.vanguard.com/mutual-funds/profile/overview/vsgdx The investor fund has a .2% ER and the Admiral fund has a .10% expense ratio. And with the actions of the Fed and also with investors using treasuries a...
by JimmyJammy
Fri Jun 19, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Is it retirement time yet?
Replies: 22
Views: 2737

Re: Is it retirement time yet?

Why does income matter? The general rule of thumb is that you can retire once your reach 25 X Annual Expenses. What do you people think of this rule, by the way? 25x is for 4%? 33x is for 3%?
Was there a critique to the Trinity Study that says 3% is a better target?
by JimmyJammy
Thu Jun 18, 2020 1:51 pm
Forum: Personal Investments
Topic: At what tax bracket should I care about BND vs Muni bonds in a taxable account?
Replies: 15
Views: 1623

Re: At what tax bracket should I care about BND vs Muni bonds in a taxable account?

For bonds in my taxable account, I've generally steered towards municipal bonds (VNYTX for long - I'm in NY) and MUB for national intermediate, mainly because I wanted to reduce taxes. Keep in mind that muni funds often decline along with stocks. Look at what happened to MUB in March. That may or m...
by JimmyJammy
Thu Jun 18, 2020 1:47 pm
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2239

Re: Figuring out your Asset Allocation

How have you gone about determining your AA? It does not need to be this hard. What is your current stock to bond ratio? What do you think would be more comfortable? Currently, I'm 80% Stock, 13% Bond, and 7% Cash (money market). So, 80/20. I think I'm going to be more comfortable with 70/30. Other...
by JimmyJammy
Thu Jun 18, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2239

Re: Figuring out your Asset Allocation

Tyler9000 wrote: Thu Jun 18, 2020 10:09 am
JimmyJammy wrote: Wed Jun 17, 2020 9:20 pm How have you gone about determining your AA?
Personally I'm big on using data to make informed decisions, so I made a bunch of spreadsheets to evaluate different asset allocation options. I share them here if you're interested: https://portfoliocharts.com/

I'm curious!
by JimmyJammy
Thu Jun 18, 2020 9:52 am
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2239

Re: Figuring out your Asset Allocation

OP, It is very simple. E = your annual retirement/FI expense. Pick your targeted number. A) Example 1 Let's assume that it is 25xE = 25E. And, you want 10 years of expenses in FI. 10E/25E = 40%. Hence, your retirement AA = 60/40. B) Example 2 Let's assume that you want to FI at 40E and you want 20 ...
by JimmyJammy
Wed Jun 17, 2020 9:20 pm
Forum: Investing - Theory, News & General
Topic: Figuring out your Asset Allocation
Replies: 28
Views: 2239

Figuring out your Asset Allocation

I was looking around for tips on setting one's asset allocation because I have recently started to think about retiring a little earlier than originally planned (plus I was laid off from my job). So, I think I'm going to reduce the risk in my portfolio. But for anyone wrestling with this question, I...
by JimmyJammy
Tue Jun 16, 2020 2:43 pm
Forum: Personal Investments
Topic: Bonds for short-term safety & bonds for longterm
Replies: 10
Views: 848

Re: Bonds for short-term safety & bonds for longterm

Thanks! Am I misreading the fund stats? On Yahoo finance it says the Yield on SHY is 1.85%. That does seem crazy high. On Bloomberg it says the gross dividend yield is .97% On Fidelity it says the annualized dividend yield is 1.78% On Market Watch it says the dividend yield in 1.74% I’m confused.
by JimmyJammy
Tue Jun 16, 2020 1:52 pm
Forum: Personal Investments
Topic: Bonds for short-term safety & bonds for longterm
Replies: 10
Views: 848

Bonds for short-term safety & bonds for longterm

I’ve trying to decide on which bond funds to get to fulfill the following two needs: 1) Low risk fund for taxable account that is a good alternative to just plain cash.Similar to emergency fund but higher risk is ok. My default for this has been SHY (short term treasuries) or Vanguard’s muni money m...
by JimmyJammy
Tue Jun 16, 2020 1:15 pm
Forum: Personal Investments
Topic: About to do my first Backdoor Roth - nervous!
Replies: 26
Views: 1411

Re: About to do my first Backdoor Roth - nervous!

Yes I meant traditional IRA :)

Alright I’ll attempt two drafts of the form.