Search found 55 matches

by turboLT
Tue Mar 18, 2014 1:53 am
Forum: Personal Finance (Not Investing)
Topic: KissTrust--trust accounts for the middle class?
Replies: 31
Views: 27706

Re: KissTrust--trust accounts for the middle class?

Long time no post, but I LOVE how this is getting blown up and want to contribute lol. I frankly don't care how good their product is at this point, I'd never consider them based on their actions alone. Decided not to stir the pot on the last bit, but needless to say I have a very low opinion of them.
by turboLT
Mon Mar 12, 2012 5:49 pm
Forum: Personal Investments
Topic: Forced to use Edge or Fidelity..questions and tips
Replies: 10
Views: 2373

Re: Forced to use Edge or Fidelity..questions and tips

Thanks all for the tips! I think on my way to spartan funds I will use an ETF as suggested.
by turboLT
Tue Mar 06, 2012 4:54 pm
Forum: Personal Investments
Topic: Forced to use Edge or Fidelity..questions and tips
Replies: 10
Views: 2373

Re: Forced to use Edge or Fidelity..questions and tips

That's extremely helpful, thank you! At this point i'm just concerned about the tax implications of selling the vanguard funds to meet the $10k minimum for the Fidelity funds. I'll ask the advisor about it.
by turboLT
Tue Mar 06, 2012 2:47 pm
Forum: Personal Investments
Topic: Forced to use Edge or Fidelity..questions and tips
Replies: 10
Views: 2373

Forced to use Edge or Fidelity..questions and tips

Hi All, Long time no posts, but still on the Bogle Trane and loving the site. For employer compliance purposes I was forced to close my beloved Vanguard account and move to Edge. I found out today that Merrill Edge charges an astronomical fee to keep investing in my vanguard funds, so here goes: 1. ...
by turboLT
Thu Apr 10, 2008 10:21 am
Forum: Personal Finance (Not Investing)
Topic: What should a boglehead do: buy used or new?
Replies: 46
Views: 9380

mind if I ask which VA dealership? I've heard some are great and some are terrible, but I haven't figured out which one to reccomend...
by turboLT
Tue Apr 08, 2008 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: What should a boglehead do: buy used or new?
Replies: 46
Views: 9380

I'm a big car guy / mechanic: 1. Carfax is unreliable unless its a salvage title. I've carfaxed my own vehicles 2 years after claimed accidents and they still show up clean. 2. No one will rebuild a "totalled" bimmer; that's why its "totalled". BMW has some of the most expensive repair parts in the ...
by turboLT
Tue Apr 08, 2008 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

Re: Docs

Do Docs get incentives to write certian scripts? I am not so sure the medical profession is Lilly white. Rick Although no one is "lilly white", any doctor who accepts compensation to prescribe an incorrect drug will not practice for long. The worst most doc's get are dinners in return for 45 minute...
by turboLT
Mon Apr 07, 2008 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

final decision for those following this little saga of a thread: screw it - if I find a sweet opportunity in DC then great, otherwise i'm just gonna continue on to B school and find something else.
by turboLT
Sun Apr 06, 2008 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

Suppose instead you sell cars or work in a store selling men's wear. If so, you will have a very hard time finding employment or even functioning in a market economy. I thought about this and disagree. Granted, in sales this is sometimes the case and I understand why people do it. That is why I don...
by turboLT
Sun Apr 06, 2008 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

All - My apologies for leaving this thread hanging for a little bit, I was busy visiting a graduate school this weekend. Rick - your advice is invaluable. I am still seriously considering the offer for the experience, I'm just not too keen on feeling crappy about my work when I get home. Paying dues...
by turboLT
Fri Apr 04, 2008 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Calling all car experts - an update
Replies: 14
Views: 3575

Put on an old T shirt and look underneath the car. Sometimes it helps to drive it up on a curb next to your driveway or something. Take a peek with a flashlight. If you see grease everywhere, then take it back. Overpacking a bearing is the same as overfilling a fuel tank or putting in extra oil. Its...
by turboLT
Fri Apr 04, 2008 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

Wow Rick I really appreciate the advice. Now I guess its a personal call - am I willing to endure or am I better off picking another career...
by turboLT
Fri Apr 04, 2008 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Start as commission FP?
Replies: 32
Views: 6101

Start as commission FP?

I'm in a serious moral dilemma and need some advice. I'm currently interviewing for a commission financial planner position because I need experience and licensing. I'll be entering B school in the fall and won't work too much, so its only a Summer time thing. Only problem is, I can't stand comissio...
by turboLT
Fri Mar 14, 2008 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest purchase ever?
Replies: 43
Views: 9190

Best - "Boglehead's Guide to Investing" If it weren't for that book (which actually was a gift) and the subsequent onslaught of research that followed, I'd be well on my way to dropping $60k for a career in buy side I banking. Worst - A '97 Honda VFR that had been down. Twice. Never purchase a wreck...
by turboLT
Fri Mar 14, 2008 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest purchase ever?
Replies: 43
Views: 9190

ElJay wrote:the engine seems to have developed valve clatter noise (that my dealer can't hear) after only 13,000mi. :
shoot me a PM - I'm happy to help! Alot of engines have "ticky" valves and its perfectly OK.
by turboLT
Wed Mar 05, 2008 9:17 am
Forum: Personal Investments
Topic: Index Funds
Replies: 17
Views: 5612

Thanks for your input. I would like to see her dump this fund and set up an IRA with Vanguard with the money, but not if she has to take a big hit in Fed taxes to do so. I suggest setting up an IRA with vanguard. or any other low cost provider, and reading what kind of allocation you think is appro...
by turboLT
Tue Mar 04, 2008 3:56 pm
Forum: Personal Investments
Topic: Index Funds
Replies: 17
Views: 5612

If she has held the assets for longer than 1 year then she will only be responsible for tax on the capital gains, and will recieve a credit on her losses for TY 08. However, if her dividends are reinvested then the subsequent gains on each lot held less than 1 year will be taxed at the full income t...
by turboLT
Tue Mar 04, 2008 3:47 pm
Forum: Investing - Theory, News & General
Topic: Question involving buying low
Replies: 7
Views: 1426

Re: skeletor

Just keep on contributing, don't worry, and live a little in between. Great advice. I dont' have my copy of A Random Walk Down Wall Street with me now but the NYSE had its biggest rallies in very short time periods, so the danger of holding off for a "low" price is a very real risk that you will mi...
by turboLT
Tue Mar 04, 2008 3:15 pm
Forum: Investing - Theory, News & General
Topic: Question involving buying low
Replies: 7
Views: 1426

Don't worry too much about timing when pricing is low. If you end up diversifying in individual funds instead of one target fund (both are considered acceptable) one technique is to push money from funds that are doing well into ones that are down. If you really want to spend all day monitoring the ...
by turboLT
Tue Mar 04, 2008 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Your Internet Service Provider Evaluation is appreciated.
Replies: 54
Views: 13187

Re: Your Internet Service Provider Evaluation is appreciated

That's stealing, in my book, unless you got permission from your neighbors to share their wi-fi. Just because they're too dumb to secure their network doesn't mean it is moral to steal it. Agreed. I won't cast the first stone because I'm no angel either, but if your neighbor's son or daughter left ...
by turboLT
Tue Mar 04, 2008 10:47 am
Forum: Investing - Theory, News & General
Topic: Is the Fed deflating ?
Replies: 44
Views: 8243

craigr wrote:
pjstack wrote:

Code: Select all

if (date == something_completely_erroneous) then
        intiate_reactor_meltdown_sequence(num_humans_to_kill = untold_millions)
else
        return("All systems normal. Have a nice day!")
That is the funniest thing I have read all morning! /geek
by turboLT
Mon Mar 03, 2008 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle for newly licensed daughter
Replies: 25
Views: 6032

Consumers Reports suggests a car in the size range of the Taurus, Camry, Accord, etc. for teenagers so they have a bit of bulk around them & something that's not quite so sporty to drive. +1. Don't worry about it being too new as long as it has working seatbelts and airbags. Avoid an SUV - the acci...
by turboLT
Mon Mar 03, 2008 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Your Internet Service Provider Evaluation is appreciated.
Replies: 54
Views: 13187

I live in Chicago.. Have a naked dsl (no landline required) 23.99/month for 1.5 MBPS service is great and there is no tax on top of 23.99 If you can find a deal like that take it. I have comcast in Alexandria, VA and the speed is really slow, the reliability is poor (constantly goes out), and the c...
by turboLT
Wed Feb 27, 2008 1:44 pm
Forum: Personal Investments
Topic: Who took my money?
Replies: 35
Views: 10805

Next time send a check via Priority Mail registered or certified (I can't remember which but the people at the Post Office will know.) with return receipt requested. That way you'll have proof of mailing and proof of delivery. I use this all the time for work and would not reccomend it for two reas...
by turboLT
Mon Feb 25, 2008 4:18 pm
Forum: Investing - Theory, News & General
Topic: Seeking Opinions: How would you handle over $100 million
Replies: 58
Views: 12141

Rodc wrote: ...since there appears to be an asset level for hiring an asset manager - that perhaps there were asset levels where some of the other boglehead ideas fall by the wayside... It is still relative. Investing 100% in munis isn't maximizing a possibilities frontier, and I would think twice ...
by turboLT
Mon Feb 25, 2008 4:10 pm
Forum: Forum Issues and Administration
Topic: Why do new folks almost always ignore the stickys ...
Replies: 15
Views: 4614

I've been messing with forums for a long time and it doesn't matter if its financial planning or a maintenance question for an obscure british motorcycle. No one searches and routine posters always get annoyed by it. Honestly, if it really bothers you that much, just don't answer their question with...
by turboLT
Mon Feb 25, 2008 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Please help! Car accident
Replies: 9
Views: 3242

Their insurance is responsible, and it sounds like you got their information. If their agent doesn't respond, call yours. They may initially tell you that it isn't their job, but remind them that you are paying them to handle your car insurance issues. I've had problems getting help from some of the...
by turboLT
Mon Feb 25, 2008 2:52 pm
Forum: Investing - Theory, News & General
Topic: Seeking Opinions: How would you handle over $100 million
Replies: 58
Views: 12141

leonard wrote: You said the tax implications are insane. I was simply providing a reasonable example where the tax implications where not insane, but actually easy.
And a well made point!
by turboLT
Mon Feb 25, 2008 2:25 pm
Forum: Investing - Theory, News & General
Topic: Seeking Opinions: How would you handle over $100 million
Replies: 58
Views: 12141

turboLT wrote: I really like your line of reasoning, but the tax implications for $100M are absolutely insane. Not necessarily. One potential solution is to buy 100% municipal bonds or bond funds with the money, ensuring that none of the bonds are "Private Activity Bonds". I'd hate to buy 100% anyt...
by turboLT
Mon Feb 25, 2008 1:25 pm
Forum: Investing - Theory, News & General
Topic: Seeking Opinions: How would you handle over $100 million
Replies: 58
Views: 12141

I don't understand why this comes up on this website. If a money manager can't add value at $100k, $1M, or $10M - what makes anyone think they would add value at $100M? I really like your line of reasoning, but the tax implications for $100M are absolutely insane. I think the non-profit idea is a r...
by turboLT
Fri Feb 22, 2008 3:28 pm
Forum: Investing - Theory, News & General
Topic: question about the efficient market hypothesis
Replies: 63
Views: 11271

Is there any difference in reward vs risk for A vs TSM, other than any residual diversifiable risk, in a model that says TSM is optimal? My completely unqualified answer: No. And I think one could show, with a large enough market, that the residual diversifiable risk is zero. In a a market that app...
by turboLT
Fri Feb 22, 2008 12:14 pm
Forum: Investing - Theory, News & General
Topic: Super Aggressive Highly Active High Turnover Funds 4 Young?
Replies: 23
Views: 4360

Re: my recommended steps

greg24 wrote: ... jump out of airplanes...
Highly reccomended.

AIRBORNE!
by turboLT
Fri Feb 22, 2008 12:09 pm
Forum: Investing - Theory, News & General
Topic: question about the efficient market hypothesis
Replies: 63
Views: 11271

I think the breakdown of the EMH is that its extremely difficult to quantify and accurately measure risk. Beta isn't the best indicator (Fama and French) and CAPM and MPT show that only unsystematic risk can be diversified away and therefore the investor is not compensated for assuming such risk. So...
by turboLT
Fri Feb 22, 2008 11:16 am
Forum: Investing - Theory, News & General
Topic: Super Aggressive Highly Active High Turnover Funds 4 Young?
Replies: 23
Views: 4360

Re: Super Aggressive Highly Active High Turnover Funds 4 You

I wouldnt mind being down 20% one year to be up 50% for the next two years. If you lose 20% one year and, by the absolute grace of God and pure luck, manage to make 50% the following year you're only up 10%, which you could also achieve with a mild 5% annual increase. If you lose 50% one year you h...
by turboLT
Thu Feb 21, 2008 12:42 pm
Forum: Personal Investments
Topic: Need advice on advising
Replies: 6
Views: 1881

Re: what you're missing

What you may be missing: 2. She might not have a choice. For example, if she's offered an early retirement "package" at 62, she needs to take it and run. No real choice there. I wish my current employer would offer me an early retirement package at 25! :shock: Kidding - great point about the other ...
by turboLT
Wed Feb 20, 2008 1:27 pm
Forum: Personal Investments
Topic: A relationship with conflicting investment philosophies
Replies: 26
Views: 5480

Bottom Line Up Front: He's an adult and can make his own decisions. As long as he's saving, does it really matter that much? I'm not married so take my advice with a grain of salt, but I think you should be happy that you both have a "saving" mentality and leave it at that. He could be a big spender...
by turboLT
Wed Feb 20, 2008 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Mens Dress Shirts for those who are Frugal?
Replies: 128
Views: 60162

Re: slim fit BR

psu9932 wrote: Lands End makes a nice dress shirt.
Hands down the best bang for your buck. $40-45 gives you a "fitted" dress shirt that's wrinkle free
by turboLT
Tue Feb 19, 2008 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Off Topic: What Hobbies do You Enjoy?
Replies: 24
Views: 6497

- Fitness - Skiing / Snowboarding - Reading / Learning - Riding (and usually fixing) unique motorcycles - Rafting, Boating, and most water sports - Music (but everyone likes that) - especially seeing local shows RTR2006 - My dad loves collecting books as well, fascinating hobby JimR - What types of ...
by turboLT
Tue Feb 19, 2008 2:02 pm
Forum: Investing - Theory, News & General
Topic: Combining indexing, active management for better performance
Replies: 34
Views: 6899

Sounds to me like picking actively managed funds to beat bear markets by moving their investments back and forth is yet another form of market timing between stocks, bonds, and cash. Its really tough to add to Taylor's last two posts, but just to introduce a non Bogle source: (if this violates copyr...
by turboLT
Thu Feb 14, 2008 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Value line
Replies: 6
Views: 1880

Valueline is a good read, but definitely use the library and don't take it as gospel. Since each stock is really only updated per quarter, you have to exercise due dilligence. Example: Ceradyne, CRDN, was a quick growth story when they had more and more body armor contracts coming from the Army and ...
by turboLT
Wed Feb 13, 2008 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: M.B.A., Master of Science in Finance, Masters in Economics..
Replies: 11
Views: 3607

I'm at the tail end of the application process. I started in September when I decided to change my career path, and starting even 1 yr out from the first semester was busy to get things done. If you think you want an MBA, I HIGHLY reccomend starting now. First, devote a large block of time to study ...
by turboLT
Tue Feb 12, 2008 2:22 pm
Forum: Forum Issues and Administration
Topic: Proposal: Indexed Financial Planning Service
Replies: 188
Views: 43919

Imagine how many times someone's recommendation would simply be a Target Retirement fund! I'm sure the client would be astonished at the simplicity. achieved via this site alone. A good point, but you have to look at the other side as well. IFPS would have to dance with the devil to win. If the fin...
by turboLT
Tue Feb 12, 2008 10:31 am
Forum: Forum Issues and Administration
Topic: Proposal: Indexed Financial Planning Service
Replies: 188
Views: 43919

I think its a wonderful idea!
by turboLT
Fri Feb 08, 2008 11:25 am
Forum: Personal Investments
Topic: Income Tax return?
Replies: 8
Views: 2520

Check to see if MI or MA have online tax filing services. I did my Federal returns on a tax program, then used the documents to quickly fill out my state returns online. It does require a bit of honesty since you're directly inputting numbers, especially investment numbers, but its definitely worth ...
by turboLT
Fri Feb 08, 2008 11:22 am
Forum: Personal Investments
Topic: How Much House Can I Afford (DC)?
Replies: 19
Views: 5267

I'm personally against market timing, but in the DC case I think it makes sense to rent short term until the deal of a lifetime comes along. I live in a (very) modest 3bdrm in Arlington that requires a bus to a metro, but its only 1800/mo. A 2bdrm can easily be found for 1600... Also, don't disount ...
by turboLT
Tue Feb 05, 2008 11:08 am
Forum: Personal Investments
Topic: The 30 Top-Performing Mutual Funds
Replies: 22
Views: 7506

Opponent Process wrote:...but it seems no editor has taken a look at how pointless the exercise is.
If it sells magazines, it's not pointless. Selling drugs doesn't add much to society but seems to be lucrative nonetheless.
by turboLT
Tue Feb 05, 2008 9:30 am
Forum: Personal Investments
Topic: Online Portfolio Simulation Tool
Replies: 10
Views: 2794

Yahoo has a "My Portfolio" function where you can create a mock portfolio and track it over time.

Its not very user friendly, and isn't very effective for dollar cost averaging, but it does work.
by turboLT
Tue Feb 05, 2008 9:27 am
Forum: Personal Investments
Topic: Roth IRA as a source of cash for a home down payment?
Replies: 31
Views: 6530

Even though this money is in a "retirement account", it should be be considered in isolation to your overall assest allocation. It's allocation should tailored to the time frame of of it's intended use. I disagree. When you retire, you'll presumably spend money from all of your accounts, not just y...
by turboLT
Mon Feb 04, 2008 3:35 pm
Forum: Personal Investments
Topic: How most of the Boglehead files their taxes
Replies: 57
Views: 17945

I just did mine on post, but not state yet. Not sure what tax program they used, but it wasn't TurboTax. Worked out fine, although pre diehard active trading reduced my return by ALOT.

Helloooo $10 return.
by turboLT
Thu Jan 31, 2008 3:13 pm
Forum: Personal Investments
Topic: New Leaf portfolio help
Replies: 4
Views: 1087

Piperwarrior -

Thanks again for your input, I really appreicate the time you took! I can't wait to get moving on this today/tonight/tomorrow and throughout the year!

Thanks again!

matt