Search found 691 matches

by mhadden1
Thu Jul 11, 2019 8:04 pm
Forum: Investing - Theory, News & General
Topic: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?
Replies: 63
Views: 4689

Re: Asset Allocation of the Ultra-Wealthy, can I copy their portfolio with index funds?

David Jay wrote:
Thu Jul 11, 2019 6:41 pm
teelainen wrote:
Thu Jul 11, 2019 6:25 pm
But sometimes the asset allocation of the ultra-wealthy can withstand market crashes a little better.
Do you have any basis for this statement?
This piqued my curiosity too. How does Tiger Beat Club withstand crashes? I would do it with T-bills.
by mhadden1
Thu Jul 11, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Pay student loans via cash-out refinance?
Replies: 41
Views: 1836

Re: Pay student loans via cash-out refinance?

I don't see how it helps you much to trade your student debt for debt secured by your house. If you really get in a tight spot maybe the family member will work with you a little on that loan. Otherwise I would keep paying the loans down, and use any windfall for that purpose. Happily, as time goes ...
by mhadden1
Tue Jul 09, 2019 1:06 pm
Forum: Personal Investments
Topic: Should I rollover my Vanguard 401k to my Fidelity 401k?
Replies: 16
Views: 792

Re: Should I rollover my Vanguard 401k to my Fidelity 401k?

I would consolidate at fidelity given the situation you described. Is there some reason you don't want to? I like Vanguard mutual funds... A LOT. Fidelity offers low cost index funds, suitable for a Three Fund Portfolio, that I consider at least the equal of the corresponding Vanguard funds. The BH...
by mhadden1
Tue Jul 09, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 6154

Re: Buying a Smoker

I agree with the poster who recommended the Weber kettle grill. Put the coals on one side of grill, meat on the other side, add wood chips on coals, close top vent to 1\2 open, position top vent over meat. Don't open for at least an hour, 2 hours for ribs or pork roast. Also, soak the wood chips fo...
by mhadden1
Mon Jul 08, 2019 9:59 pm
Forum: Personal Investments
Topic: Help - Talk to me like I'm 4 y/o please
Replies: 90
Views: 7421

Re: Help - Talk to me like I'm 4 y/o please

softwaregeek wrote:
Mon Jul 08, 2019 7:44 pm
Very simple. Just send an email to your advisor and then tell them you are terminating the relationship.

Then pick a discount brokerage (Schwab, Fidelity, Vangaurd, Merrill EDGE etc) and call them to start a transfer.
+1 Yes, it really is that simple.
by mhadden1
Mon Jul 08, 2019 5:05 pm
Forum: Personal Investments
Topic: FIRE question
Replies: 12
Views: 1744

Re: FIRE question

jdavis31 wrote:
Mon Jul 08, 2019 4:59 pm
how do people with most of their net worth in a 401k FIRE before 59?
For one thing, many 401k plans, like mine, allow access without penalty after age 55 if you separate from the company. Does yours allow that?
by mhadden1
Sat Jul 06, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?
Replies: 36
Views: 3456

Re: Historically has it been bad to withhold further contributions 8 years after the beginning of a bull market?

K8ya wrote:
Sat Jul 06, 2019 10:32 am
Common wisdom among the pundits and also the small folk
When you detect what this is, it's normally safe to do the opposite.
by mhadden1
Sat Jul 06, 2019 8:52 am
Forum: Personal Investments
Topic: VALIC 457 options - which to potentially choose?
Replies: 16
Views: 634

Re: VALIC 457 options - which to potentially choose?

I was getting interested in Schwab PCRA I use a Schwab PCRA via my 401k for the majority of my retirement investing. Schwab offers very inexpensive index funds that are Bogleheads approved. The wiki page about the Three Fund Portfolio lists the Schwab funds to use - https://www.bogleheads.org/wiki/...
by mhadden1
Mon Jul 01, 2019 10:51 pm
Forum: Personal Investments
Topic: Investing a windfall when the market is at “an all-time high?”
Replies: 33
Views: 3688

Re: Investing a windfall when the market is at “an all-time high?”

The problem is, people focus on the form of the money. There's no difference between brand-new money recently invested and the stuff that's been there for years. In my tax-advantaged accounts I have 4x that amount in stocks. Should I sell all that because it's at "an all-time high"? Almost no one w...
by mhadden1
Mon Jul 01, 2019 5:30 pm
Forum: Personal Investments
Topic: AA for a portfolio that serves both the young and old
Replies: 3
Views: 343

Re: AA for a portfolio that serves both the young and old

If your dad gave you the money so he can use it to avoid a bad outcome down the road, then you need to make sure you can give it to him. I must say that, from your post, there seems to be a real lack of clarity about the goals for the money.
by mhadden1
Mon Jul 01, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings and Inherited Property
Replies: 53
Views: 6481

Re: Siblings and Inherited Property

It's going to end badly I hate to say. No tenant is going to take care of the property the way the parents did. Multiple partners mean multiple problems. Reminisce and enjoy the good times but sell and move on. Yes, a brief window is now open to avoid shared heartache with a family member. For exam...
by mhadden1
Thu Jun 27, 2019 7:47 pm
Forum: Personal Investments
Topic: I'm 50, should I open a Roth or a Traditional IRA
Replies: 18
Views: 1727

Re: I'm 50, should I open a Roth or a Traditional IRA

With the income levels shown, my guess is that Traditional may end up slighter better, since you may defer tax in the 12% bracket and then pay in the 0% or 10%. Probably won't make a large amount of difference though. Either way, you may qualify for Earned Income Credit, and your retirement savings ...
by mhadden1
Thu Jun 27, 2019 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: high interest savings & checking accounts make sense?
Replies: 20
Views: 1607

Re: high interest savings & checking accounts make sense?

The big online institutions like Ally and the ilk provide competive rates over time, right now around 2% for MM or 1-year CDs. Offers from other places that are way above market usually require you to play some games with transactions and balances, and the game will generally end after a while. Ofte...
by mhadden1
Tue Jun 25, 2019 6:33 pm
Forum: Personal Investments
Topic: Financial planning now that retired
Replies: 49
Views: 6843

Re: Financial planning now that retired

I also have an account with Fidelity and could purchase ETFs once I figure those out. I agree with a previous suggestion that this is a good route. Fidelity has many inexpensive index funds you can use, some with literally no fees! What could be better? I would roll over the IRA accounts to Fidelit...
by mhadden1
Thu Jun 06, 2019 10:45 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3714

Re: Receiving windfall and not sure what to do

I'm also not sure what I should do with the life insurance payout. That's quite a bit of money. Should I just put it all into a taxable account with Vanguard and create a 3-fund portfolio? The 3-fund portfolio is the stone cold Bogleheads way, and likely a good choice for you. You will have have to...
by mhadden1
Thu Jun 06, 2019 10:01 pm
Forum: Personal Investments
Topic: Portfolio Review – Haunted by a Late Start on Retirement
Replies: 3
Views: 740

Re: Portfolio Review – Haunted by a Late Start on Retirement

At a glance it looks like your household income is well above average and your expenses enable you to live well below your means. You don't describe any particular problems like health issues, no pension or SS, or anything odd. If you can save 47k yearly for the next 20-30 years, you should be golde...
by mhadden1
Thu Jun 06, 2019 9:47 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to try to time the market
Replies: 27
Views: 2086

Re: Convince me not to try to time the market

You just need to follow the advice of Will Rogers regarding market timing, which often gets trotted out on the forum. "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."
by mhadden1
Thu Jun 06, 2019 9:57 am
Forum: Personal Investments
Topic: This market just scares me...
Replies: 43
Views: 4254

Re: This market just scares me...

the idea of taking any of that cash and investing it in equity right now just FREAKS ME OUT. Thoughts... This is mostly retirement money, right? Or money you won't use for a long time? If so, between now and then there will be periods where your balances will go down, sometimes by a lot. Better get...
by mhadden1
Mon May 27, 2019 10:36 pm
Forum: Investing - Theory, News & General
Topic: Beat the market with lower risk than the market itself (using leveraged ETFs)
Replies: 32
Views: 2816

Re: Beat the market with lower risk than the market itself (using leveraged ETFs)

I did not bother to read this thread - but I am guessing that it's really easy to beat the market if you just sumpin' sumpin' sumpin' with maybe a little sumpin'.
by mhadden1
Mon May 27, 2019 11:04 am
Forum: Personal Investments
Topic: Portfolio - Please give me your thoughts
Replies: 8
Views: 1327

Re: Portfolio - Please give me your thoughts

Thanks for the responses. I have been blessed but have also made numerous mistakes. The reason I don't want to rebalance now is I view my metals as kind of my bond allocation. I'm heavily weighted by my residence and the metals value. I struggle with taking anything out of equities and putting it i...
by mhadden1
Mon May 27, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: 29 year old engineer introduction and seeking advice
Replies: 23
Views: 2815

Re: 29 year old engineer introduction and seeking advice

The company has a big automotive production program coming to end in 12 months that will cut sales by 40%, with no major programs to fill the lost of sales on the horizon currently. The company has had outside consultants put in place trying to lean out the operations of the plants to increase over...
by mhadden1
Mon May 27, 2019 10:11 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7379

Re: Rethinking Individual Stocks

I've been thinking some more about this topic. I see now that all I needed to do was buy Amazon in 2009. Nothing so hard about that. :moneybag
by mhadden1
Mon May 27, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Elderly Parent's Home In Need of Major Repairs
Replies: 44
Views: 4024

Re: Elderly Parent's Home In Need of Major Repairs

Our initial thoughts were to have him take out a HELOC with us as cosigners, make all the necessary repairs/updates, rent out the upstairs portion, and use the proceeds from the rent to pay off the HELOC as quickly as possible. Does this sound like a good idea or are there better alternatives? I wo...
by mhadden1
Mon May 27, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 134
Views: 10459

Re: House not selling

cosine wrote:
Mon May 27, 2019 9:20 am
What is the process of firing my realtor. Is it contract dependent? I think I signed a generic contract. I’ll have to look it over.
Likely you are signed up for a certain number of days, e.g. 120, 180.
by mhadden1
Mon May 27, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Electric Wood Chipper?
Replies: 9
Views: 799

Re: Electric Wood Chipper?

IMO if you really have enough brush to need to chip it up, you need more than an electric chipper. But, good luck with the approach you choose.
by mhadden1
Sun May 26, 2019 4:32 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7379

Re: Rethinking Individual Stocks

I am too dumb to pick stocks. It must be nice to be one of the cool kids who is good at it.
by mhadden1
Fri May 24, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Relocate to Charleston SC?
Replies: 57
Views: 5838

Re: Relocate to Charleston SC?

GR8FUL-D wrote:
Tue May 21, 2019 10:02 am
Sounds like your semi-retired already and can work remotely--would it be feasible to rent a short-term apt for a month or two in each location you're interested in before making a decision & the big move?
A very fun suggestion. :happy
by mhadden1
Wed May 22, 2019 8:44 pm
Forum: Personal Investments
Topic: Want to add REITs to portfolio… but how much and which funds?
Replies: 16
Views: 1587

Re: Want to add REITs to portfolio… but how much and which funds?

charleypartanna wrote:
Wed May 22, 2019 8:36 pm

As I mentioned, I'm interested in doing so for diversification. And also to reduce risk when stocks take a downturn. Thoughts?
Regarding risk in a downturn - you could take a look at what happened to REITs in 2008. Spoiler alert: it was ugly.
by mhadden1
Wed May 22, 2019 2:59 pm
Forum: Investing - Theory, News & General
Topic: Why not non traded REIT such as yield tree?
Replies: 25
Views: 1837

Re: Why not non traded REIT such as yield tree?

Dottie57 wrote:
Wed May 22, 2019 1:29 pm
Not liquid= hard to get your money out.

Does it matter if something does well if you can’t cash it in when you want?

I
Nailed it. Well played. :happy

My alternative - "Because it's non traded"
by mhadden1
Wed May 22, 2019 1:19 pm
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3327

Re: Frozen by uncertainty, really want to unfreeze

For example, I'm not certain which tax bracket I'm in. I have an accountant who simply tells me whether I owe anything or get a refund. I'll float the question to him and see if I can get a response before I supply more information tonight. Understanding your tax situation will play a big part as y...
by mhadden1
Wed May 22, 2019 12:40 am
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3327

Re: Frozen by uncertainty, really want to unfreeze

With 250k in retirement savings, you are doing well, but you can probably do better. You will get a lot of good feedback if you post your portfolio details using the format described here:

viewtopic.php?t=6212
by mhadden1
Sat May 18, 2019 1:42 pm
Forum: Personal Investments
Topic: "Steelmanning" the case for owning individual stocks
Replies: 95
Views: 8264

Re: "Steelmanning" the case for owning individual stocks

I hope you have fun frittering your time away searching for alpha. Try not to lose too much. :beer
by mhadden1
Thu May 16, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: Fixing Bad Lawn
Replies: 13
Views: 2132

Re: Fixing Bad Lawn

Here's my recipe for reviving a St. Augustine lawn: Mow as tall as your mower will go Water deeply once a week, about 1" Hand pull weeds (weed a small patch each day) Fertilize with organic fertilizer (Milorganite, Texas Tee, Medina Growin' Green) on the following Holidays (follow directions on the...
by mhadden1
Thu May 16, 2019 4:47 pm
Forum: Personal Consumer Issues
Topic: Looking to Purchase First Home - How to Consider Aging Roof?
Replies: 17
Views: 980

Re: Looking to Purchase First Home - How to Consider Aging Roof?

The roof may last a while longer. Mr. Market may not allow you to just mark down the price by that much, but certainly you can ask. Will it be a 10k roof job, or a 40k roof job? In the end, you have to decide how much you like the house. There are a lot of others for sale.
by mhadden1
Thu May 16, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1864

Re: How do I value wife's pension?

Here's the way I do it...

Things to value about DW:

1) Super good egg :D

2) Very cool and chill 8-)

3) Pension :moneybag

:happy
by mhadden1
Thu May 16, 2019 3:11 pm
Forum: Personal Investments
Topic: Is holding two total market index funds okay?
Replies: 6
Views: 670

Re: Is holding two total market index funds okay?

IMO the Fido zero funds are fine and dandy. If I was cranking things up right now I might well go that way. My Schwab total stock market ER is 0.03 - oh well.
by mhadden1
Thu May 16, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 36
Views: 2813

Re: Crawl space encapsulation

The quote for the entire project was $16,000 :shock: Does this sound reasonable, in terms of cost and as a solution? I'm in Los Angeles. The internet tells me that Los Angeles often gets less than 20 inches of rain a year. I just have to think that a non-nuclear solution for water under the house i...
by mhadden1
Thu May 16, 2019 1:21 pm
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 76
Views: 8268

Re: We’ve won the game...but how do we stop playing?

Derivatives solve this problem. She can take a short position to reduce or eliminate exposure to her long position. Find the most liquid options market among the same ETF or a competing ETF that has a better options market. And then buy a long-dated put option at a level of loss you can live with, ...
by mhadden1
Thu May 16, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4175

Re: Reservations about job offer

They decide to create a Scrum team around me. New CFO of all people brought in an Agile consultant his prev corp had used, top down cookie cutter one size fits all 'process' imposed from above. They parachute in a couple other programmers, and a 'Product Owner' and Scrum Master, neither of whom kno...
by mhadden1
Thu May 16, 2019 12:36 pm
Forum: Personal Investments
Topic: Please critique my plan
Replies: 12
Views: 558

Re: Please critique my plan

Until your child finishes college in 9 years or so, you might want to get your wife to work a bit longer. Just joking! :happy Well, only half joking. :(
by mhadden1
Thu May 16, 2019 10:27 am
Forum: Personal Investments
Topic: High Dividend Yield ETF (VYM) versus Dividend Appreciation ETF (VIG)
Replies: 4
Views: 632

Re: High Dividend Yield ETF (VYM) versus Dividend Appreciation ETF (VIG)

Sometimes I wonder if I should have gone with the High Dividend Yield ETF instead of VIG because of VYM's lower expense ratio of .06 as compared to VIG's .08. An ER difference of 0.02 is nearly imperceptible. A more interesting question is why you picked your funds with a drib of one, drab of anoth...
by mhadden1
Tue May 14, 2019 8:06 pm
Forum: Personal Consumer Issues
Topic: Instant Coffee?
Replies: 67
Views: 4034

Re: Instant Coffee?

I'll just have a glass of water, thanks.
by mhadden1
Tue May 14, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6323

Re: I accidentally retired, and need tax advice

My portfolio generates about $22K/year in ordinary dividends. Those are automatically reinvested, but obviously they count as income, and I have to pay taxes on them. I have a couple of rental properties that gross $24K/year, which is the only cash I have coming in, and which also gets taxed. With ...
by mhadden1
Tue May 14, 2019 2:52 pm
Forum: Personal Investments
Topic: Inheritance at 62 yrs old
Replies: 12
Views: 2520

Re: Inheritance at 62 yrs old

I would consider using a fund like Vanguard's LifeStrategy Moderate Growth, which is 60/40 stocks/bonds. Then you could keep all your 401k holdings in bonds and save a little tax, and still be around 50/50. A 4% withdrawal rate would give you an extra 12k per year to spend. Sounds like if you can ha...
by mhadden1
Tue May 14, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 23
Views: 1821

Re: Home warranty - is it worth the money?

I may be in the minority here, but I had a home warranty included with the purchase of my home. Last year, after being unable to fix our dishwasher (two service calls over an approx. 2 week period), they cut us a check for a new one including install/disposal costs. My appliances are all 10+ years ...
by mhadden1
Tue May 14, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Crawl space encapsulation
Replies: 36
Views: 2813

Re: Crawl space encapsulation

Try to find a passive way to make the space under your house well-ventilated and always dry. Route the water away from your house, and encourage enough air to exchange. If you can achieve this, and monitor the situation for a while, I expect you will be satisfied. I hope you can avoid all the pumps ...
by mhadden1
Mon May 13, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Allocation in 60s
Replies: 17
Views: 1910

Re: Asset Allocation in 60s

You are right that a lot of people have soured on the idea of "age in bonds", likely due to the low bond yields of the last ten years. I don't think Mr. Bogle ever backed far away from it, though. The catchphrase for a lot of Bogleheads is to evaluate your "need, desire, and ability to take risk". S...
by mhadden1
Mon May 13, 2019 10:18 am
Forum: Personal Investments
Topic: 0% LT Capital Gain Tax Question
Replies: 12
Views: 1233

Re: 0% LT Capital Gain Tax Question

Your taxes could/should work out like this, MFS: 30000 w-2 income - 12200 std deduction = 17800 taxable income, leaving 21675 of space up to the top of the 12% bracket at 39475. So, in this situation, up to 21675 of capital gains/qualified dividends would be taxed at the 0% rate. Remember that the i...
by mhadden1
Mon May 13, 2019 8:52 am
Forum: Personal Investments
Topic: Moving from Edward Jones to Vanguard
Replies: 16
Views: 2107

Re: Moving from Edward Jones to Vanguard

Place to start to determine AA. https://www.investor.gov/additional-resources/general-resources/publications-research/info-sheets/beginners%E2%80%99-guide-asset I would get from Vanguard, Fidelity and T.Rowe Price their "Asset-Allocation questionnaire" so you and spouse can determine what your own ...
by mhadden1
Sun May 12, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Kill Bermuda grass without chemicals
Replies: 15
Views: 1381

Re: Kill Bermuda grass without chemicals

Without herbicides, your only remedy is cold steel. Old school.