Search found 4933 matches

by Earl Lemongrab
Sun Aug 19, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

If you owned the car debt free today, would you borrow against it and invest? If I could get 0.9%, sure. That's usually not available on a refi. I took out a home loan on a paid-off house to invest, why would a car be different? No need to wait for a bill. Call Ford Credit within a few days. You're...
by Earl Lemongrab
Sat Aug 18, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

Meaty wrote:
Sat Aug 18, 2018 6:35 pm
If you owned the car debt free today, would you borrow against it and invest?
If I could get 0.9%, sure. That's usually not available on a refi. I took out a home loan on a paid-off house to invest, why would a car be different?
by Earl Lemongrab
Sat Aug 18, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1200

Re: Capital Gains on an Index Fund

You lost 10k regardless of whether you sell the original fund or not. The number of shares you buy is always irrelevant, it's the value. Total market and S&P 500 tend to track fairly closely, so if VTI is down then so is VOO. You will bank 10K in losses. You will use 3K this year, and carry over the...
by Earl Lemongrab
Sat Aug 18, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 25
Views: 3420

Re: Total Stock and Total Bond Market(s) at Vanguard

Well, I have a bond index fund in the Megacorp 401(k) that is very similar to the Vanguard Total fund. My fixed income has been that and stable value in a 50/50 mix. I don't shoot for any particular duration. I'm not even sure how to calculate it. So, your "stable value" fund, is a Money Market fun...
by Earl Lemongrab
Sat Aug 18, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum or DCA into Roth IRA (invested in target date fund)
Replies: 3
Views: 236

Re: Lump sum or DCA into Roth IRA (invested in target date fund)

Frankly, this is such a small amount of money in your investing life to come that it won't make a significant difference. Put it in as soon as you can and stop looking for excuses to not invest. When has there ever been a time that didn't have volatility and uncertainty? Never since I have been payi...
by Earl Lemongrab
Sat Aug 18, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

What's the penalty if you're late on one payment? Why would you be late? Just set up an automatic payment. Good point. But in the past I have had the situation (more with utility payments) that the first payment has to be done by check then the auto payments can start. And it is sometimes unclear w...
by Earl Lemongrab
Sat Aug 18, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1200

Re: Capital Gains on an Index Fund

I use the 5/25 rule as often mentioned by Larry Swedroe for rebalancing. I have found that most of the time (at least since the end of the last crash) directing new contributions to lagging assets in the allocation has removed the need for any further rebalancing. Even with a slice-and-dice portfoli...
by Earl Lemongrab
Sat Aug 18, 2018 11:57 am
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 57
Views: 4076

Re: Bullish/bearish on GE? Make your case here - new lows today

A core principle of my investing strategy is that I have no talent for picking stocks. I'm not sure anyone really does but I don't. I assume that whatever the current price is represents the consensus value. If in general people thought that the price is likely to be lower in the near future, they'd...
by Earl Lemongrab
Sat Aug 18, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19833

Re: "Don't Obsess About Expense Ratios"

Why would I worry about what the company offering the deal hopes? I don't avoid supermarkets with stuff on sale either.
by Earl Lemongrab
Fri Aug 17, 2018 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 622

Re: Tax loss harvesting international funds at Fidelity

The notion that two different index funds tracking exactly the same index are not substantially identical is a fringe perspective. All notions of what is mainstream versus fringe are pretty sketchy. There's no evidence, although a past IRS publication stated that normally mutual funds from differen...
by Earl Lemongrab
Fri Aug 17, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Fund
Replies: 13
Views: 847

Re: Stable Value Funds vs Bond Fund

Here is the yield: Performance: YTD: 1.07 1 YR: 1.79 3 YR: 1.63 5 YR. 1.41 I use a 50/50 mix of stable value and bond index. However, Megacorp's stable value is higher yielding than yours. Here are the equivalent performance numbers: YTD: 1.68% 1 YR: 2.57% 3 YR: 2.32% 5 YR: 2.21% It's currently at ...
by Earl Lemongrab
Fri Aug 17, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Rollover to TIRA, does it affect backdoor ROTH?
Replies: 5
Views: 253

Re: Pension Rollover to TIRA, does it affect backdoor ROTH?

What if I roll it over to Vanguard TIRA and convert it to ROTH IRA this year and empty out the TIRA account? Does this mean that I cannot contribute to backdoor roth this year but I'm assuming I can do so next year onwards? The only thing that matters is the balance in TIRAs at the end of the year ...
by Earl Lemongrab
Fri Aug 17, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Need advice on establishing Roth accounts
Replies: 5
Views: 644

Re: Need advice on establishing Roth accounts

Well a game changer of sorts. It appears my employer 401k at FI actually allows for mega backdoor roths so that would appear to be the winner. Better yet, to the extent my after tax contributions will crowd out some of the company contribution above the limit, I am entitled to receive those dollars...
by Earl Lemongrab
Fri Aug 17, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting international funds at Fidelity
Replies: 12
Views: 622

Re: Tax loss harvesting international funds at Fidelity

I thought IXUS didn't follow the same index as FTIPX. Unfortunately, it does. Looking at their prospectuses, both FTIPX and IXUS follow the MSCI ACWI ex-US IMI. FSGDX follows MSCI ACWI ex-US (no IMI). IMI means a bunch of added small-caps and they do make a difference. So FTIPX and IXUS are not sui...
by Earl Lemongrab
Fri Aug 17, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock and Total Bond Market(s) at Vanguard
Replies: 25
Views: 3420

Re: Total Stock and Total Bond Market(s) at Vanguard

I am wondering if there are others who are using VG TBM or IT Index (in both taxable and tax-deferred accounts) whom include other shorter term Index funds to try to acheive an overall duration of less than 5 years as per Mr. Bernstein's books: Well, I have a bond index fund in the Megacorp 401(k) ...
by Earl Lemongrab
Fri Aug 17, 2018 12:23 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401(k) millionaires hits record high
Replies: 48
Views: 4865

Re: Fidelity 401(k) millionaires hits record high

I would have if I had known enough to be maxing it out all those years instead of the minimum to get match. It's become increasingly unlikely that it ever will because the 401(k) has become almost all fixed income now. The stocks in the Roth and taxable accounts have increased so much that it's down...
by Earl Lemongrab
Fri Aug 17, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

GrowthSeeker wrote:
Fri Aug 17, 2018 9:58 am
What's the penalty if you're late on one payment?
Why would you be late? Just set up an automatic payment.
by Earl Lemongrab
Fri Aug 17, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16446

Re: Who uses the 3 fund portfolio ?

I currently have a 4 fund portfolio Total US Stock, Total Intl Stock, Total Bond market and Megacorp. Megacorp is 60% of my current portfolio and I am working on slowly transitioning these over to the 3 fund portfolio Pardon my ignorance, What is megacorp? I have heard this in 401K related threads ...
by Earl Lemongrab
Thu Aug 16, 2018 11:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195954

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm generally (as I said before) somewhat undecided, but even if I did open an account, I would definitely not move a taxable account there. I really don't trust HSBC to do cost basis transfer and tax reporting properly for securities accounts. Even a small mistake there could easily cost > $750. A...
by Earl Lemongrab
Thu Aug 16, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195954

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Are you sure about the physical visit? Where did you see that? If you can't set it up online then I wouldn't be interested.
by Earl Lemongrab
Thu Aug 16, 2018 6:06 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195954

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

HSBC has a $750 bonus on $100k for 90 days. Investments count even though you know HSBC as a bank. The account requires you to maintain 100k or you are charged a $50/mo fee. https://www.us.hsbc.com/checking-accounts/campaigns/premier-offer-2018/ Every penny I have is currently earning me a bonus so...
by Earl Lemongrab
Thu Aug 16, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

Are you buying full coverage insurance regardless of paying cash or taking loan? If you pay cash, you can save a lot with liability insurance. How will paying cash save you anything on liability insurance? I've never heard of such a thing. :confused My *guess* is that its not so much paying cash bu...
by Earl Lemongrab
Thu Aug 16, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

wootwoot wrote:
Thu Aug 16, 2018 2:51 pm
Pay in cash. The boglehead way is to keep your fees low and most of the forum balks at even a .25% fee for investments so .9% is sky high.
That's wrong. Flat wrong. You completely ignore opportunity cost.
by Earl Lemongrab
Thu Aug 16, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Are Roth conversions a no-brainer for me?
Replies: 21
Views: 1719

Re: Are Roth conversions a no-brainer for me?

If you have significant stock holdings in taxable, your conversion rate might be higher than you think. I'm in that bracket in retirement, but my taxable qualified dividends "fill" the remaining space. Those are taxed at 0%. So if I converted a dollar of pretax to Roth, that would incur state and fe...
by Earl Lemongrab
Thu Aug 16, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 46
Views: 2799

Re: Celebrating the day you retired

Nothing special on the final day. The celebration lunch was several days earlier. The boss and I had to go over a bit of paperwork. After that, I walked around and shook a few hands, then he walked me out and I turned over my ID to him.
by Earl Lemongrab
Thu Aug 16, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16446

Re: Who uses the 3 fund portfolio ?

Actually, virtually nothing insulates us from behavioral bias and vastly flawed human decision-making (ask Daniel Kahneman). Complexity, of any sort, however, only exacerbates those tendencies. The myth lies in the narratives we form naturally as human beings. Where is the evidence that complexity ...
by Earl Lemongrab
Thu Aug 16, 2018 11:41 am
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 4741

Re: How often do you check your brokerage accounts

How long do you have to report an account error once it is called to your attention on a quarterly statement? jalbert: Sorry, I don't know. My guess is that there is no time limit for for reporting account errors. Try contacting Vanguard. That doesn't sound like a good guess to me. The very first "...
by Earl Lemongrab
Wed Aug 15, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 112
Views: 16446

Re: Who uses the 3 fund portfolio ?

I think a sometimes overlooked advantage is that it builds investor confidence to resist the latest fad. This is a HUGE advantage. Emotional investing is the worst kind but easily and very commonly succumbed to. Good investing is boring investing...3-fund is boring, but beautiful! I couldn't agree ...
by Earl Lemongrab
Wed Aug 15, 2018 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: When do you change your IPS?
Replies: 8
Views: 791

Re: When do you change your IPS?

I developed my portfolio in 2007. It's a slice-and-dice tilted allocation. Changes to the asset allocation that I have made since: 1. The 401(k) dropped the Large Cap Value fund. Rather than buy more LCV in taxable I decided to change the allocations to increase large blend and small value, and decr...
by Earl Lemongrab
Wed Aug 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 107
Views: 5247

Re: Take auto loan 0.9% if I can afford cash?

I like low-cost debt. Great leverage for investing. I have no fear or loathing of it at all. I'd sure take it under the given circumstances, although the likelihood of me buying a new vehicle isn't high. A regular payment like this is perfect for a bill-paying service, assuming they don't have it se...
by Earl Lemongrab
Wed Aug 15, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Cleaning gas grill
Replies: 40
Views: 3265

Re: Cleaning gas grill

Crumpled aluminum foil held with tongs can be used as a safe way to clean the grill. Also, some cleaning brushes are bristleless, having a spiral steel cleaning head.

http://old.cbbqa.org/equipment/Grillwizardbrush.html
by Earl Lemongrab
Wed Aug 15, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19833

Re: "Don't Obsess About Expense Ratios"

Like your profile graphic but will likely pass on the concept that $800 is a lot to a millionaire. If so, you must be pretty stressed right now with the markets down a good bit today. You could have easily lose $8000 in net worth on a day like this. As a long-time BHer, I would view $800 a year to ...
by Earl Lemongrab
Wed Aug 15, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19833

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Wed Aug 15, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 15
Views: 1789

Re: More cash instead of bonds

For those replies from people owning FSITX, I know what the current yield is, but actual return YTD is -1.24%. Yield seems to have been completely overtaken by actual performance. I'm not sure how to justify owning this instead of 1-year T-Bills, for example. But that's already happened. It tells y...
by Earl Lemongrab
Tue Aug 14, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1141
Views: 195954

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

NoHeat wrote:
Tue Aug 14, 2018 8:20 pm
Afterwards, my thought was that the one-time earnings of 0.25%
This is the wrong way to think of it. It's not earnings on your assets, it's reward for the effort you put in. How long did spend doing it? Hour maybe? Pretty good hourly rate.
by Earl Lemongrab
Tue Aug 14, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2226

Re: Roth IRA max salary

I have money in a taxed Vanguard account I invested last year. My goal is to roll this money into the 2 Roths we have each year. This is a confusing statement. You can't roll a taxable account into an IRA. If you mean that you plan to sell the assets to fund the Roths, that's probably not a great i...
by Earl Lemongrab
Tue Aug 14, 2018 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: More cash instead of bonds
Replies: 15
Views: 1789

Re: More cash instead of bonds

When I set up my portfolio in 2007, I decided on 50/50 bond index fund and stable value. I don't see any reason to change. A core principle of my IPS is that I have no talent for timing markets. That includes bonds.
by Earl Lemongrab
Tue Aug 14, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Moving rollover IRA to 401k- timing and lost returns.
Replies: 10
Views: 461

Re: Moving rollover IRA to 401k- timing and lost returns.

How much is in fixed-income currently in the 401(k)? One way to minimize is to sell the funds in the IRA and at the same time reallocate the 401(k) to have more stocks. In essence the stocks you sell in the IRA become part of your fixed income. When thr rollover is complete, rebalance to plan in the...
by Earl Lemongrab
Tue Aug 14, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19833

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: VTI vs VTSMX
Replies: 10
Views: 797

Re: VTI vs VTSMX

I use ETFs (although not that one) because I want the lowest cost and the ability to hold my assets anywhere I want. Admiral shares are generally not available for purchase at other custodians, although sometimes you can transfer and possibly reinvest elsewhere.
by Earl Lemongrab
Tue Aug 14, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Should I be worried about potential identity theft? Bizarre email/name mix up?
Replies: 16
Views: 947

Re: Should I be worried about potential identity theft? Bizarre email/name mix up?

When you get email receipts, very often it's by reciting your email address to the cashier. If either makes a mistake, then the wrong address gets the receipt. There's a guy with a comic strip comment site, who talks about "Idiot Bill Bickel". That's another guy with the same name who keep using the...
by Earl Lemongrab
Tue Aug 14, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 239
Views: 19833

Re: "Don't Obsess About Expense Ratios"

Just found this thread and read all 200 posts quickly but I completely concur with rkhusky. Yes, 4 bp is $400 annually on $1m but if you have that much or more, you know that you do not care about such a small amount. That is not correct. I have twice that, but $400 still means a lot to me. That di...
by Earl Lemongrab
Tue Aug 14, 2018 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA max salary
Replies: 14
Views: 2226

Re: Roth IRA max salary

I have money in a taxed Vanguard account I invested last year. My goal is to roll this money into the 2 Roths we have each year. This is a confusing statement. You can't roll a taxable account into an IRA. If you mean that you plan to sell the assets to fund the Roths, that's probably not a great i...
by Earl Lemongrab
Tue Aug 14, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: 61 Year old in need of advice
Replies: 14
Views: 1483

Re: 61 Year old in need of advice

He gets pain via 1099 as independent contractor... Not sure how or where he got that right I do know that he refinanced his home last year not sure with who. So do you think the solo 401K is still an option? Hopefully not too much pain :) Certainly a 401(k) is a possibility. However, the arrangemen...
by Earl Lemongrab
Tue Aug 14, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2325

Re: What's the reason you would buy reading glasses at...

Small type is becoming tough for me. I don't bother with readers or bifocals though. For the computer, I take off my regular glasses and increase the font size in browsers. Similarly for e-books on the iPad I can set the font where I need it. Now, oddly to me, browsers like Firefox on the iPad don't...
by Earl Lemongrab
Tue Aug 14, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2420

Re: RMD's: take distributions vs selling

You won't let this go, will ya. I won't either then. It obviously is important to you to understand. I told you like it was. No, in 2008, I couldn't arrange selling bonds in those IRAs.. I didn't have any bond funds there to sell as I wrote, only balanced funds from which I was taking out for expen...
by Earl Lemongrab
Tue Aug 14, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2420

Re: RMD's: take distributions vs selling

Perhaps I just don't understand what you're saying. My perception was that due to distributions (regardless of the reason) you had to sell stocks at depressed prices. But it really seems that the reason is because you use balanced funds of some sort and you want to keep doing that, so you always sel...
by Earl Lemongrab
Mon Aug 13, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2420

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate. Last comment. I have no rebalancing to make as I used 'then and use now only ba...
by Earl Lemongrab
Mon Aug 13, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2420

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate.
by Earl Lemongrab
Mon Aug 13, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7112

Re: Moving from Vanguard to Fidelity

My insurance company is a mutual, meaning I am actually a shareholder. Yet I don't assume that this will result in better rates or customer service. If it did, then the mutuals would have swept the others from the field by now. If it makes you feel good to think, "I'm an owner so they have to look o...