Search found 474 matches

by AviN
Mon Mar 05, 2018 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard lists my cost-basis (cost per share) the same for all lots
Replies: 14
Views: 1467

Re: Vanguard lists my cost-basis (cost per share) the same for all lots

I had the same problem described in by the OP and followed donoharm's suggestion. It worked! Thanks donoharm. :sharebeer This is Vanguard's error. I had it happen with 1 of 3 mutual funds I own in which all were specified as specific ID method, but 1 fund had each lot at average cost (same price). I...
by AviN
Thu Nov 03, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 14443

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

Givewell is I believe a good organization. But as with investing it is important to do ones own research as well. One of the top rated charities on Givewell is the "Against Malaria Foundation" which basically provides bednets to Africa and other areas. What could go wrong with that one might ask? W...
by AviN
Sat Oct 29, 2016 3:52 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 14443

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

I serve without pay [...] As President of The John C. Bogle Center for Financial Literacy. One of our stated mission objectives is to help support this forum which contributes to our larger overall mission which is to help improve the financial literacy of all Americans. I'd guess that Mel's work s...
by AviN
Fri Oct 28, 2016 2:36 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 14443

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

To keep this actionable, what charities do you donate to? I'd be happy to share! I identify with the effective altruism movement and donate to the following charities: The Against Malaria Foundation , a GiveWell recommended charity and Mr. Money Mustache's top recipient. The Against Malaria Foundat...
by AviN
Wed Oct 26, 2016 9:32 pm
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 14443

Mr. Money Mustache donates $100k to charity, writes about effective altruism

From the blog post: Since I hit my consumption ceiling a little earlier than a proper rich person, I have been thinking about [trying to find more efficient things to do with the surplus] for a number of years now. And if you care about trying to be logical when dealing with surplus money, your rese...
by AviN
Thu Jul 28, 2016 11:58 pm
Forum: Personal Consumer Issues
Topic: Airbnb rental review
Replies: 32
Views: 4481

Re: Airbnb rental review

I had a few minor problems at an airbnb I was staying at last year, including problems with air conditioning. I decided to leave no review rather than dragging down the average (which was 4-5).

Avi
by AviN
Tue Jul 05, 2016 2:22 pm
Forum: Investing - Theory, News & General
Topic: Northwest FCU 3-year 3.04% Add-On CD
Replies: 361
Views: 38657

Re: Northwest FCU 3-year 3.04% Add-On CD

FWIW in the world of incredibly shrinking interest rates, I called NWFCU yesterday and confirmed that I am eligible to add another $50k to the $50k of this 3.04% 3-year I bought last autumn. For any others who bought under the $100k limit, if you have the liquidity the opportunity to lock in over 3...
by AviN
Wed Jun 22, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 1424

Re: Roll over expensive 401k and lose Backdoor Roth?

Do you have any other 401(k)'s from previous employers with acceptable funds and expenses that may accept rollovers?

Avi
by AviN
Fri Jun 17, 2016 8:01 am
Forum: Investing - Theory, News & General
Topic: T-Mobile free stock for customers
Replies: 24
Views: 4068

Re: T-Mobile free stock for customers

I redeemed my share via the T-mobile Tuesdays app. As soon as I get access to it, I'm selling it immediately for ~$42 in cash. :greedy

Avi
by AviN
Fri Jun 10, 2016 9:43 am
Forum: Personal Consumer Issues
Topic: Hedging EUR Currency Risk for Instrument Purchase
Replies: 7
Views: 583

Re: Hedging EUR Currency Risk for Instrument Purchase

Maybe buy unhedged short-term euro bonds in the amount of the guitar price?

Avi
by AviN
Tue Jun 07, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell Berkshire?
Replies: 30
Views: 4595

Re: When to sell Berkshire?

I have 2 vehicles insured with Geico. Premium around $922 per year. How much discount would I get if I bought one B share? GEICO in NJ is giving me $37 off a 6 month premium of $520, a 7% discount. You can call and ask how much discount they'll give you if you become a shareholder of Berkshire Hath...
by AviN
Sat Jun 04, 2016 8:09 am
Forum: Personal Consumer Issues
Topic: Quality Coffee Maker?
Replies: 54
Views: 7289

Re: Quality Coffee Maker?

I've been using this Cuisinart DGB-625BC Grind-and-Brew 12-Cup Automatic Coffeemaker for the past 5 years: http://smile.amazon.com/Cuisinart-DGB-625BC-Automatic-Coffeemaker-Brushed/dp/B001G8Y2X6/ref=sr_1_1?ie=UTF8&qid=1465045572&sr=8-1&keywords=cuisinart+coffee+maker+with+grinder&tag=s4charity-20 It...
by AviN
Mon May 23, 2016 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell Berkshire?
Replies: 30
Views: 4595

Re: When to sell Berkshire?

I will sell my one share of BRK.B after I'm no longer using GEICO. :sharebeer
by AviN
Thu May 19, 2016 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines 401k management
Replies: 27
Views: 3672

Re: Financial Engines 401k management

You are good where you are.
by AviN
Sun May 15, 2016 4:37 pm
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 223
Views: 59569

Re: New York City Local Chapter established

Hi Everyone, I missed Mel's message, but have finally reached out to him. My hope is to get something setup and have a gathering in the next 4-6 weeks. I wanted to gage interest and everyone's approx location. Venue suggestions can also be made. I'm interested. Anywhere midtown or downtown works we...
by AviN
Mon May 09, 2016 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Too Chicken for NJ Municipal Bonds?
Replies: 12
Views: 3169

Re: Too Chicken for NJ Municipal Bonds?

I wrote a post on this a few years ago which you might find relevant:

viewtopic.php?t=152882#p2292202

Avi
by AviN
Fri Apr 29, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 6731

Re: Young Male Living with Parents

Nobody wants to be 30 living at home, though....well except my uncle. He's about 60 and stays stoned. I think it's the OP's decision what he wants. I'd be concerned about women judging him negatively, but he already has a good-looking girlfriend, so who cares? Until the circumstances change, I don'...
by AviN
Fri Apr 29, 2016 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 6731

Re: Young Male Living with Parents

TheBestOrNothing wrote:Socially, no complaints. Good-looking girlfriend and lots of friends.
If you already have a good-looking girlfriend and you're happy living with your parents, then there's no reason to move out at this time. :sharebeer

Avi
by AviN
Wed Apr 27, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Expensive Bond Fund in 401k or Vanguard in Taxable?
Replies: 16
Views: 1399

Re: Expensive Bond Fund in 401k or Vanguard in Taxable?

Try to max out your tax-advantaged accounts, including your 401(k) and an IRA if feasible. If you've maxed out your tax-advantage accounts and still have funds left over, then use your 401(k) mostly for stocks and open some CD's in taxable. Synchrony Bank has a 5-year CD available with a yield of 2%...
by AviN
Wed Apr 20, 2016 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a bad idea? [Stop contributing to 401k]
Replies: 15
Views: 1954

Re: Is this a bad idea? [Stop contributing to 401k]

Avi, is it reasonable to accept more risk with the large cap stocks and use a pension as my "asset allocation" diversification? I'm 42 and will begin collecting pension at 50, so won't need to depend on 401k for some time. Will work as much as needed. As long as your pension is secure and you're co...
by AviN
Wed Apr 20, 2016 3:20 pm
Forum: Investing - Help with Personal Investments
Topic: Is this a bad idea? [Stop contributing to 401k]
Replies: 15
Views: 1954

Re: Is this a bad idea? [Stop contributing to 401k]

I see no reason why you should stop contributing to this account. If you decide to use the stock funds, I'd personally go with 100% large cap to reduce complexity and save a little on fees, but your current allocation works fine as well. Do you have bond funds in your 401(k)? Or bonds (or CD's) in a...
by AviN
Fri Apr 08, 2016 11:01 am
Forum: Personal Consumer Issues
Topic: Possible Move to Manhattan....
Replies: 20
Views: 2514

Re: Possible Move to Manhattan....

If you move to New York City, you'll need to pay NYC personal income tax. You can avoid this by moving to downtown Jersey City instead. You can also find street parking in downtown Jersey City (depending on the area), but the alternate side parking rules mean that you need to move your car around 4 ...
by AviN
Sat Apr 02, 2016 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvest in taxable, when?
Replies: 11
Views: 1206

Re: Reinvest in taxable, when?

I make contributions to taxable investments whenever I have too much money in my checking account. Disabling automatic reinvestment of dividends is helpful to avoid wash sales and maintain your asset allocation, but there's really no reason why you should keep these dividends out of the market. You ...
by AviN
Sat Apr 02, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Freedom Unlimited card 1.5% back + bonus
Replies: 85
Views: 13482

Re: Chase Freedom Unlimited card 1.5% back + bonus

gvsucavie03 wrote:Chase Double Cash is very simple - 1% on purchase, 1% on payment. 2% on everything, plain and simple. We have this now.
Correction: It's Citi Double Cash.

I use it for nearly all credit card purchases. It is a good card.

Avi
by AviN
Fri Apr 01, 2016 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 11
Views: 2458

Re: Vanguard Admiral Shares

In regard to additional money you'd like to invest for retirement: You can invest in a 401(k) if your employer has one available for you. If not, you can invest in a taxable account.

Avi
by AviN
Fri Apr 01, 2016 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Admiral Shares
Replies: 11
Views: 2458

Re: Vanguard Admiral Shares

The expense ratio for most funds between Investor and Admiral does not amount to much once you convert it to dollars, so I'd suggest not letting this affect your decisions or bother you.

You can easily upgrade to Admiral when your balance is large enough.

Avi
by AviN
Mon Mar 28, 2016 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k Fund Offerings (Best Choices?)
Replies: 4
Views: 1603

Re: Employer 401k Fund Offerings (Best Choices?)

Yes, these are good choices. You have an unusually good 401(k). This page indicates that to approximate Total Stock Market, you should have 81% of S&P 500 (VKPMG) and 19% of extended market (BEEMT): https://www.bogleheads.org/wiki/Approximating_total_stock_market You could also just skip the extende...
by AviN
Thu Mar 24, 2016 10:33 pm
Forum: Investing - Theory, News & General
Topic: Misleading article about investing club on CNN Money
Replies: 18
Views: 2752

Re: Misleading article about investing club on CNN Money

2) The Vanguard Index 500 fund didn't exist then, and thus there was no easy way they could have invested in the S&P 500 index, but a quick check of some of the funds that existed in 1946 shows that $10,000 invested on 1/1/1946 would have grown to $7,364,776.09, $13,617,867.14, and $6,347,597.81 re...
by AviN
Thu Mar 24, 2016 11:05 am
Forum: Personal Consumer Issues
Topic: Vanguard Store Items
Replies: 69
Views: 9675

Re: Vanguard Store Items

I realize I'm about forty years behind the times but it still astonishes me that people are willing to be human billboards for advertising without being paid for it. I just don't see my personal identity as being essentially connected to my consumer choices. I'm willing to buy and wear t-shirts for...
by AviN
Wed Mar 16, 2016 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable account; muni bonds worthwhile?
Replies: 22
Views: 4209

Re: Bonds in taxable account; muni bonds worthwhile?

I'd suggest considering direct CD's as well. The best ones have yields are comparable to investment grade bonds, but they are (arguably) lower risk. They are easier to hold in a taxable account than anywhere else, though interest is taxed annually under your normal federal and state income tax brack...
by AviN
Sun Mar 13, 2016 8:13 am
Forum: Investing - Theory, News & General
Topic: 401k limits my options - Expensive bond funds...
Replies: 21
Views: 1602

Re: 401k limits my options - Expensive bond funds...

They don't charge the shareholder a transaction fee for the turnover costs? They incur trading costs, yes, but that's bundled into the expense ratio you're already aware of. Actually, transaction costs are not included in expense ratios: https://www.bogleheads.org/wiki/Mutual_funds:_additional_cost...
by AviN
Sun Mar 13, 2016 8:09 am
Forum: Investing - Theory, News & General
Topic: 401k limits my options - Expensive bond funds...
Replies: 21
Views: 1602

Re: 401k limits my options - Expensive bond funds...

However, the turnover for the Metro West fund is 246% per year. That has to add significantly to the cost. Still better than a money market? To be honest, I don't really understood turnover in bond funds. They are generally higher than turnover in stock funds though. In this post, Doc, an informed ...
by AviN
Sat Mar 12, 2016 10:36 pm
Forum: Investing - Theory, News & General
Topic: 401k limits my options - Expensive bond funds...
Replies: 21
Views: 1602

Re: 401k limits my options - Expensive bond funds...

The Schwab money market fund is basically guaranteed to return around 0% in the near future, so I'd suggest the Metro West bond fund. Definitely stay away from the Templeton bond fund. It's an emerging markets bond fund with top holdings in Brazil, Mexico, Indonesia, Ukraine, etc. If the expense rat...
by AviN
Tue Mar 08, 2016 8:53 pm
Forum: Investing - Theory, News & General
Topic: What are disadvantages of maxing our retirement accounts?
Replies: 29
Views: 4608

Re: What are disadvantages of maxing our retirement accounts?

If you need to withdraw from a retirement account before retirement age, you may need to pay taxes and penalties on your withdrawal.

In the case of a 401(k), you generally cannot withdraw before leaving your employer (although you may be able to borrow from it).

Avi
by AviN
Mon Mar 07, 2016 7:51 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's
Replies: 160
Views: 28896

Michael Kitces says IRS auditors disapprove of Backdoor Roth IRA's

In an interview with Christine Benz about Backdoor Roth IRA's back in January, Michael Kitces says: "We’ve heard from a couple of people now who just on a random audit had an IRS agent come in saw it [a Backdoor Roth IRA contribution], caught it, said uh uh that’s not appropriate, and the people act...
by AviN
Fri Feb 26, 2016 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards VS missed savings
Replies: 30
Views: 3217

Re: Too many credit cards VS missed savings

I considered the same issue and decided the Target card wasn't worth it for me. Even if you're spending $300 per month at Target, the annual difference is:

(0.05 - 0.02) * ($300 * 12) = $108

I personally don't think it's worth it.

Avi
by AviN
Wed Feb 24, 2016 9:24 am
Forum: Investing - Help with Personal Investments
Topic: Differing AA between taxable and retirement accounts?
Replies: 16
Views: 1990

Re: Differing AA between taxable and retirement accounts?

I have an emergency fund, and then anything beyond that emergency fund, tax-advantaged or taxable, is considered "retirement" and is incorporated into my retirement portfolio asset allocation. If I had a planned need for savings earlier than retirement, I'd set aside a different portfolio and asset ...
by AviN
Thu Feb 11, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Deepest Thank You & Is My First TLH Correct?
Replies: 5
Views: 706

Re: Deepest Thank You & Is My First TLH Correct?

Your plan seems fine, except that you should stick with your asset allocation. You should not use a TLH opportunity as a reason to reduce your stock allocation. This would be a case of buying high and selling low which is a bad habit to get into. Ideally, you should exchange this for a similar fund ...
by AviN
Tue Feb 09, 2016 2:23 pm
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 50
Views: 4532

Re: Charities for Bogleheads?

nisiprius wrote:And if you try to decide which charity is better or worse than any other, that way lies madness.
How so? GiveWell provides a lot of useful recommendations on how to evaluate charities on your own:

http://www.givewell.org/charity-evaluation-questions

Avi
by AviN
Sun Feb 07, 2016 10:32 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb
Replies: 32
Views: 4520

Re: [Vanguard Brokerage Services] 1099Bs Issued at the End of Feb

I received my 1099-DIV, 1099-B, and 1099-R from Vanguard by the end of January.

Avi
by AviN
Thu Feb 04, 2016 9:15 pm
Forum: Personal Consumer Issues
Topic: Charities for Bogleheads?
Replies: 50
Views: 4532

Re: Charities for Bogleheads?

I like the GiveWell organization a lot -- they make recommendations on which charities can do the most good with your money. The evaluation process is much more rigorous than most charity watch programs, and consequently they only recommend a few charities every year. These aren't always the most g...
by AviN
Tue Feb 02, 2016 11:05 pm
Forum: Investing - Theory, News & General
Topic: Tax Exempt Bonds
Replies: 5
Views: 1930

Re: Tax Exempt Bonds

I have half my emergency fund in Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX), which has a SEC yield of 1.44%. There's definitely some risk here, but I feel comfortable enough since my emergency fund is rather large. The other half is in savings, checking, and paper money. Vang...
by AviN
Tue Feb 02, 2016 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable donations as a percentage of AGI?
Replies: 12
Views: 1349

Re: Charitable donations as a percentage of AGI?

I donate in cash. I'm hoping to donate appreciated securities at some point, but my taxable securities keep depreciating.

At least I get to tax-loss harvest.

Avi
by AviN
Tue Feb 02, 2016 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable donations as a percentage of AGI?
Replies: 12
Views: 1349

Re: Charitable donations as a percentage of AGI?

I donate around 10% of my income, mostly to GiveWell-recommended charities:

http://www.givewell.org

Avi
by AviN
Tue Feb 02, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Netspend 1099's?
Replies: 15
Views: 3136

Re: Netspend 1099's?

If I'm too impatient to wait for a 1099-INT, I just look at the interest paid year to date of my December statement. It's usually accurate or at least close enough. You may want to be more careful if your interest paid was high enough to substantially affect the accuracy of your tax return.

Avi
by AviN
Tue Feb 02, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: Charles Ellis' suggested portfolios by age
Replies: 53
Views: 8992

Re: Charles Ellis' suggested portfolios by age

Now at the ripe old age of 51, I am 65/35 stocks/bonds. I often see young investors visit us and post their asset allocation and some of them (not all) are very conservative. If I could go back to the age of 30 and was starting all over, I would definitely be much more aggressive because most peopl...
by AviN
Mon Feb 01, 2016 10:57 pm
Forum: Investing - Theory, News & General
Topic: You *can* make a difference in your employer's retirement plans
Replies: 5
Views: 1199

Re: You *can* make a difference in your employer's retirement plans

Congratulations! My employer's outsourced 401(k) plan dropped the only low-cost investment grade bond fund last year and my appeals were fruitless. I'm glad to hear your luck was different.

Avi
by AviN
Sun Jan 31, 2016 12:35 am
Forum: Personal Finance (Not Investing)
Topic: TaxAct Plus vs TurboTax vs H&R Block for 2015
Replies: 117
Views: 14829

Re: TaxAct Plus vs TurboTax vs H&R Block for 2015

For what it's worth.....I used Free Tax USA to file my federal and "almost" state taxes. The reason I say almost for state taxes is because it showed I owed $7 which made me curious. So, I went through PA's direct file system and when I was done it had me owing $0. Not sure how Free Tax USA got the...
by AviN
Sat Jan 30, 2016 2:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: New York City Local Chapter established
Replies: 223
Views: 59569

Re: New York City Local Chapter established

I received this from the organizer on Jan 4, 2016: Subject: Bogleheads-NYC Chapter: Moving on Happy New Year NYC Bogleheads! I realize that I have too many things on my plate now and would find it hard to continue organizing meet ups in 2016. Would any of you be interested in taking over this respon...
by AviN
Fri Jan 29, 2016 7:29 pm
Forum: Investing - Theory, News & General
Topic: How safe are Bonds? Is cash a good substitute?
Replies: 18
Views: 2976

Re: How safe are Bonds? Is cash a good substitute?

Treasury bills are not a very reliable hedge against inflation. From the end of 1933 to the end of 1951, inflation averaged 3.9% per year, while treasury bills returned an average of 0.5% per year over that period. The end result would be losing over 45% of your purchasing power over this 18-year p...