Search found 2270 matches

by Earl Lemongrab
Fri Aug 18, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 62
Views: 3506

Re: Powerball - $510 million?

If you did win that kind of money, you use a little bit to hire staff. Security, administrative, etc. Nobody gets to see you unless they're cleared. If you plan to give away money, you start a foundation and all letters and calls asking are routed there. Even third cousins twice-removed. Especially ...
by Earl Lemongrab
Fri Aug 18, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 62
Views: 3506

Re: Powerball - $510 million?

did not read all the posts would your chances of winning be higher in the low prize weeks since fewer people would be buying tons of combinations? No, the chance of winning is based on the particular game. hate to split $400 million between 10-12 people...rather rake in the whole $5 million as a si...
by Earl Lemongrab
Fri Aug 18, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Powerball - $510 million?
Replies: 62
Views: 3506

Re: Powerball - $510 million?

F150HD wrote:
Thu Aug 17, 2017 11:42 pm
With all the disciplined investors here, am wondering how many buy Powerball tickets when the prize gets this big?
I guess I don't understand the reasoning. When it's 100 million that's chump change and not worth it?
by Earl Lemongrab
Fri Aug 18, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: Why do brokerage transactions take 2 business days to settle?
Replies: 9
Views: 1035

Re: Why do brokerage transactions take 2 business days to settle?

A couple of things. One is that settlement time generally doesn't prevent you from buying something with the unsettled funds. You just can't withdraw or usually sell the new asset. Actually you can sell the new asset but you can't make a habit of it. That's Schwab's policy, but might not be the sam...
by Earl Lemongrab
Fri Aug 18, 2017 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Rollover Fees with bad 401K
Replies: 18
Views: 758

Re: Rollover Fees with bad 401K

Right. I didn't bother with that because:
I'll be 26 in October
The OP won't need to worry about the except for a little while :)
by Earl Lemongrab
Fri Aug 18, 2017 12:03 am
Forum: Investing - Help with Personal Investments
Topic: ETF Investment Strategy - looking for feedback
Replies: 9
Views: 488

Re: ETF Investment Strategy - looking for feedback

I wouldn't try to replicate the portfolio in both account types. That's needless complication for no value. I'm not sure I understand and I know I'm missing something here. With the IRA contribution limit, I can only put so much into the IRA account so I have a brokerage account with a similar setu...
by Earl Lemongrab
Thu Aug 17, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Easy Question - Opening Roth outside of Employer Partial Funds Already Contributed
Replies: 4
Views: 236

Re: Easy Question - Opening Roth outside of Employer Partial Funds Already Contributed

I you use a discount brokerage, then they won't ask you anything. You will transfer cash into the IRA and then you choose investments.
by Earl Lemongrab
Thu Aug 17, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover Fees with bad 401K
Replies: 18
Views: 758

Re: Rollover Fees with bad 401K

For the most part it's not whether the plan allows it or not. For employee deferrals/Roth contributions the law prohibits rolling those over while still employed. It's possible that company matching would be eligible for rollover.
by Earl Lemongrab
Thu Aug 17, 2017 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Investment Strategy - looking for feedback
Replies: 9
Views: 488

Re: ETF Investment Strategy - looking for feedback

I wouldn't try to replicate the portfolio in both account types. That's needless complication for no value. What is the purpose of the sector overweight to technology? VT is not an international fund. It's a total world fund and has significant overlap with VTI. Either use exclusively VT if you're s...
by Earl Lemongrab
Thu Aug 17, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Why do brokerage transactions take 2 business days to settle?
Replies: 9
Views: 1035

Re: Why do brokerage transactions take 2 business days to settle?

A couple of things. One is that settlement time generally doesn't prevent you from buying something with the unsettled funds. You just can't withdraw or usually sell the new asset. One reason for this is the possibility that trades need to be modified or rolled back. This happened in the past with E...
by Earl Lemongrab
Thu Aug 17, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 51
Views: 1979

Re: quick estate question

Thanks for all the advice, talked to a couple more attorneys on the phone and they all agreed you are not legally required to pay the credit card bills and no worries on any other utility, medical, cable, just cancel them all as no one will be receiving the mail at address anymore cancelled mail ye...
by Earl Lemongrab
Thu Aug 17, 2017 1:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguards online fraud policy - remember username -iPhone App?
Replies: 16
Views: 1924

Re: Vanguards online fraud policy - remember username -iPhone App?

It is the case that Vanguard has a pretty draconian policy compared to most other custodians. However, I don't know that there are many if any cases where they applied that to deny reimbursement. Financial companies aren't very interested in public court cases that will reduce customer trust in onli...
by Earl Lemongrab
Thu Aug 17, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 51
Views: 1979

Re: quick estate question

It sounds like the remaining probate amount should fit well into the Illinois small estate level, as the house is passing through TOD deed. Regarding BSteiner's question, in Missouri a full probate requires posting of notices to creditors, after which they have six months to apply to the probate cou...
by Earl Lemongrab
Thu Aug 17, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3799
Views: 989799

Re: U.S. stocks in freefall

And the market just took back what it gave earlier this with with NK. Such a sham :) Took back what? Both the broad US and International indexes are about where they were 2-4 weeks ago. For US stocks, the "pullback" was less than 2% from peak to trough. Barely noise level, and 2/3rds recovered. I s...
by Earl Lemongrab
Wed Aug 16, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: Where to buy glasses for eclipse viewing ?
Replies: 55
Views: 4109

Re: Where to buy glasses for eclipse viewing ?

For those in the St. Louis area, possibly elsewhere, Schlafly Brewing has a special eclipse-themed beer that includes a pair of glasses in a carton. I don't know what it costs or where (or whether) it is available, but considering the low availability and cost of glasses and that you get six bottles...
by Earl Lemongrab
Wed Aug 16, 2017 5:20 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2521
Views: 796867

Re: What Book Are You Currently Reading? Part VI

The Annihilation Score by Charles Stross. This is one of the series of novels about The Laundry, a secret (yet still bureaucratic) British organization that battles eldritch threats. The books are a combination HP Lovecraft/thriller/Dilbert. Finishing The Nightmare Stacks, the next book in the seri...
by Earl Lemongrab
Tue Aug 15, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Both tIRA and Roth investment composition
Replies: 4
Views: 384

Re: Both tIRA and Roth investment composition

I suppose if you were really worried market was overvalued and is going to crash you could put your equities in tIRAs to reduce the tax burden, but ultimately that in itself is a form of active and speculative management. No, it's better to have the equities in taxable because you can sell at a los...
by Earl Lemongrab
Mon Aug 14, 2017 4:15 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 77
Views: 7346

Re: Aug. 2017 US total eclipse hotel reservations.

munemaker wrote:
Mon Aug 14, 2017 4:04 pm
The eclipse is only going to last for 2 to 3 minutes. To me, it seems excessive to travel and rent hotel rooms for 2 to 3 minutes. To each her own.
For a lot of people, this is a once in a lifetime event. The duration doesn't matter much.
by Earl Lemongrab
Mon Aug 14, 2017 4:14 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3799
Views: 989799

Re: U.S. stocks in freefall

sreynard wrote:
Mon Aug 14, 2017 3:39 pm
sco wrote:
Mon Aug 14, 2017 3:28 pm
This FreeFalling makes me happy :)
It doesn't make me happy. Do you get happy when the price of gasoline goes up too? :confused
Those don't compare. Gas is a consumable, so I'm not buying it as an investment. I want it to go down and never go back up.
by Earl Lemongrab
Mon Aug 14, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card with large cash (or cash-equivalent) sign-up bonus
Replies: 11
Views: 1060

Re: Credit card with large cash (or cash-equivalent) sign-up bonus

Wells Fargo Cash Wise $200 for 1k spend. I try to get a new card each year when my insurance is due as that's an easy way to guarantee minimum spending. This is the card I got this year. Decent option, not too much in spending, plus it's 1.5% cash back in addition to the bonus so I didn't lose too ...
by Earl Lemongrab
Mon Aug 14, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable account at Vanguard or Fidelity.
Replies: 9
Views: 851

Re: Taxable account at Vanguard or Fidelity.

Yes, I'd ask Vanguard directly about transferring Admiral class shares. It seems like people on this forum have had different experiences. I wouldn't ask Fidelity, as the decision to allow Admiral class to transfer would be Vanguard's. I don't think that is accurate. It's the receiving custodian th...
by Earl Lemongrab
Mon Aug 14, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 512
Views: 74119

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

You can contact Etrade and see about getting the existing account coded for a bonus. Likewise ask about the transfer fee. The last time I got one, they declined that because it was a higher than usual bonus.
by Earl Lemongrab
Sun Aug 13, 2017 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6445

Re: How does personal wealth affect job hunting?

I'm also one where the investment success and looming retirement led to attitude changes at the current job. I have made it clear that I'll only travel in extreme emergency. I knocked my hours down by one day. I don't work overtime or extra time. You worry less when you just don't care. Now, it does...
by Earl Lemongrab
Sun Aug 13, 2017 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Maxed out 401K now switched job. New employer auto enrolled in 401K.
Replies: 7
Views: 1195

Re: Maxed out 401K now switched job. New employer auto enrolled in 401K.

Check to see if the new employer allows the contributions to be after tax (not Roth) with matching, and allows rolling out the contributions to do Mega Backdoor Roth. You could do that at Megacorp, for instance.
by Earl Lemongrab
Sun Aug 13, 2017 5:21 pm
Forum: Personal Consumer Issues
Topic: Wanting to learn how to play Bridge
Replies: 16
Views: 1377

Re: Wanting to learn how to play Bridge

Part of what you'll need to decide is whether you want the personal experience of sitting down with other people and playing face-to-face, or if online/computer is acceptable. You can get free instructional programs and there are sites for online games. You can of course start that way and look for ...
by Earl Lemongrab
Sat Aug 12, 2017 5:54 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 66
Views: 5917

Re: Free Reading

I don't know who would borrow physical CDs and DVDs I do. Why do you think people wouldn't? I do, as well. One thing I like about the DVDs I borrow is they frequently have "special features," at the end of the season or movie. I find these interesting. Most streaming services don't have these speci...
by Earl Lemongrab
Sat Aug 12, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: Motif Investing Implementation of Ultimate Buy and Hold
Replies: 29
Views: 3796

Re: Motif Investing Implementation of Ultimate Buy and Hold

I think you're making too much of this analysis. You aren't going to be able to mathematically determine the optimal portfolio going forward, because there are too many unknowns. You risk "paralysis by analysis", where you don't get anything decided. If you're interested in Merriman's approach, I su...
by Earl Lemongrab
Sat Aug 12, 2017 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Funds
Replies: 33
Views: 2002

Re: Stable Value Funds vs Bond Funds

You need to be aware of the single insurer risk with having significant asset in a stable value fund. This might or might not be a problem depending on the specifics of the plan. Megacorp uses synthetic GICs, meaning that the plan owns the underlying assets. They have a pool of six insurers to guar...
by Earl Lemongrab
Sat Aug 12, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Funds
Replies: 33
Views: 2002

Re: Stable Value Funds vs Bond Funds

I'm also have the 50/50 allocation, in my case bond index and stable-value (currently 2.31%). I've been doing that for about ten years. Interestingly, it's made little difference. Last check: Bond Market Index Fund: $354,565.24 Stable Value Fund: $348,604.60 Bond Index has been more volatile (as you...
by Earl Lemongrab
Sat Aug 12, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 66
Views: 5917

Re: Free Reading

I don't know who would borrow physical CDs and DVDs I do. Why do you think people wouldn't? I was feeding off of the above quote "At the regular rummage sale, they won't even take CDs or DVDs or even CD/DVD players since they say nobody wants them. They are pretty much archaic technology." I person...
by Earl Lemongrab
Sat Aug 12, 2017 11:34 am
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 66
Views: 5917

Re: Free Reading

munemaker wrote:
Sat Aug 12, 2017 11:26 am
I don't know who would borrow physical CDs and DVDs
I do. Why do you think people wouldn't?
by Earl Lemongrab
Sat Aug 12, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: New to investing, any portfolio advice (Roth IRA) is much appreciated!
Replies: 13
Views: 971

Re: New to investing, any portfolio advice (Roth IRA) is much appreciated!

I'm just so close to breaking even with all of them that I am tempted to wait just a bit longer. This is a form of anchoring and represents poor analysis. What it ultimately says is that you think that the investments that you are "waiting to break even" will outperform the alternate investments th...
by Earl Lemongrab
Fri Aug 11, 2017 10:41 am
Forum: Personal Consumer Issues
Topic: Free Reading
Replies: 66
Views: 5917

Re: Free Reading

knick17 wrote:Do you have any suggestion?
We're out of my area of expertise, I'm pretty much at the newbie level. Perhaps someone else can give some tips for your situation.
by Earl Lemongrab
Thu Aug 10, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my portfolio, ~$513k, I can make changes now. Complete beginner!
Replies: 23
Views: 3830

Re: Please review my portfolio, ~$513k, I can make changes now. Complete beginner!

While it's meant more metaphorically, you definitely do NOT want to ignore your statements. Most of the custodians require timely reporting of any problems, including fraud. If someone hacks your account and you don't report it for a year or ten, the chances of recovering anything are slim. I get my...
by Earl Lemongrab
Thu Aug 10, 2017 3:54 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 77
Views: 7346

Re: Aug. 2017 US total eclipse hotel reservations.

There's always the possibility of the "Pope" phenomenon. In St. Louis, the Pope was coming to visit, with a parade through the city. For weeks before, there were dire forecasts of huge traffic problems and massive crowds from the city and the media. So many fewer folks went downtown for the parade, ...
by Earl Lemongrab
Thu Aug 10, 2017 3:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3799
Views: 989799

Re: U.S. stocks in freefall

flyingaway wrote:This might be the correction that many people are waiting for. Let us see if they have the courage to jump in.
Yes, we've plunged all the way back to July!
by Earl Lemongrab
Thu Aug 10, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: TLH Partner?
Replies: 5
Views: 422

Re: TLH Partner?

When TLHing just make sure your TLH partner is not "substantially identical". There is NO way to do that, because other than exact security or qualifying option, there is no guidance from the IRS as to what constitutes "substantially identical". Fairmark articles are not issued by the IRS and have ...
by Earl Lemongrab
Thu Aug 10, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: LastPass not working for me on Firefox
Replies: 25
Views: 1297

Re: LastPass not working for me on Firefox

My experience with Chrome was not good. Admittedly I only ever used it on my old computer, which was Win 7 and a bit tight on RAM. However, Chrome would go along fine for some time, then I'd get the "Sick Monitor" icon and "your tab crashed". I couldn't reload the tab and if I exited the browser I c...
by Earl Lemongrab
Wed Aug 09, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor and Mega backdoor Roth IRA beginner questions
Replies: 8
Views: 975

Re: Backdoor and Mega backdoor Roth IRA beginner questions

UncleLeo wrote:I think I can, but from reading other threads my understanding is that, since it's going to be 1-2 days until the conversion, it's better to minimize the tax owed
Why? You pay more taxes when you make more money.
by Earl Lemongrab
Tue Aug 08, 2017 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about opening an account with Merrill Edge
Replies: 26
Views: 3186

Re: Thinking about opening an account with Merrill Edge

I have all my checking and savings at BOA. I now use Merrill for the CD's they offer. Just move money from my emergency money to Merrill. Put it in 3 month CD's. I did buy ETF's with free trades along with stocks. The Mutual Fund choices are all high expense, if you want to buy with no loads. Excep...
by Earl Lemongrab
Tue Aug 08, 2017 5:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Is the Munchkin MAN still alive?
Replies: 15
Views: 4273

Re: Is the Munchkin MAN still alive?

Search:

site:morningstar.com "Munchkin Man"
by Earl Lemongrab
Tue Aug 08, 2017 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: How long does TreasuryDirect take to convert paper I bonds?
Replies: 63
Views: 13941

Re: How long does TreasuryDirect take to convert paper I bonds?

Another question for the group, would it make sense to try and convert paper bonds that have already matured? I just opened a Chase bank account for my wife to try and cash out her bonds, but with 3 small children, she really doesn't have time to go sit in a bank and try to redeem. I was hoping to ...
by Earl Lemongrab
Tue Aug 08, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do when you need access to money in an investment account?
Replies: 33
Views: 2813

Re: What do you do when you need access to money in an investment account?

wrongfunds wrote:Is there something in the tax code such as being able to offset real income with TLH at your marginal rate vs paying LTCG taxes on the profits which make this worth while?
You are able to offset up to $3000 per year in ordinary income with net capital losses.
by Earl Lemongrab
Sun Aug 06, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: ok to switch VTIAX (international index) for VUVLX?
Replies: 18
Views: 1764

Re: ok to switch VTIAX (international index) for VUVLX?

I wanted to experiment and possibly use an active managed fund to see performance versus my self managed vanguard index funds. That's a pointless exercise. Any kind of short-term performance difference will be irrelevant. You could do a little better by examining back-testing for the funds, but not...
by Earl Lemongrab
Sun Aug 06, 2017 3:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard S&P 500 funds
Replies: 19
Views: 1633

Re: Vanguard S&P 500 funds

I don't have a clue how to reconcile all of what is posted in this thread, but the link clearly shows that VOO is the ETF version of VINIX. You will have to define what you mean by "version". Normally with Vanguard funds it's the group that are share classes of the same underlying fund, and permit ...
by Earl Lemongrab
Sun Aug 06, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ira vs roth
Replies: 14
Views: 977

Re: Ira vs roth

If you think you'll be in phase-out, I would put it all in Roth now. Then next year, work your taxes and figure out how much could be deductible, then recharacterize that amount before tax day. How hard is it to recharacterizate? It just sounds like a lot of work vs jusy wait. But then I am out of ...
by Earl Lemongrab
Sun Aug 06, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Credit Card company email "Do you recognize this purchase?"
Replies: 27
Views: 2129

Re: Credit Card company email "Do you recognize this purchase?"

You can generally tell whether email is legitimate by hovering over the links. If the actual path is to the credit card web site, then it's probably real. Not that you should use any links or numbers, but it's worth pursuing from reliable source. If the links are obviously bogus, then discard. Examp...
by Earl Lemongrab
Sun Aug 06, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: What criteria warrants a need for Living Revocable Trust?
Replies: 39
Views: 3319

Re: What criteria warrants a need for Living Revocable Trust?

...Knowing what I know now, I would have done my living trust myself , since it is pretty simple, but I probably should use a good estate attorney to draft a new trust , since I probably would be well served by having one that's more complex than the one I have now. Kevin, do these two highlighted ...
by Earl Lemongrab
Sun Aug 06, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ira vs roth
Replies: 14
Views: 977

Re: Ira vs roth

If you think you'll be in phase-out, I would put it all in Roth now. Then next year, work your taxes and figure out how much could be deductible, then recharacterize that amount before tax day.
by Earl Lemongrab
Sun Aug 06, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: ETFs v. Mutual Funds
Replies: 11
Views: 804

Re: ETFs v. Mutual Funds

I had an e-mail from a TIAA sales rep who wanted to talk to me. He wrote something like "I see a couple of things that we can talk about." I had to chuckle because I only used a couple of things in my TIAA-run 403(b): TIAA traditional annuity and TIAA Real Estate Account. We have a paid advisory se...