Search found 2090 matches

by Jags4186
Sun Jun 17, 2018 8:51 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1252

Re: What do you sell after the emergency fund?

I’d sell whatever was in my taxable account since I wouldn’t pull money out of a tax deferred account. Since I only have stock mutual funds and ETFs in my taxable account, it would have to be stocks. Next I’d move to Roth IRA contributiuons, and finally penalty withdrawals from tax sheltered accoun...
by Jags4186
Sun Jun 17, 2018 8:01 pm
Forum: Investing - Theory, News & General
Topic: What do you sell after the emergency fund?
Replies: 25
Views: 1252

Re: What do you sell after the emergency fund?

I’d sell whatever was in my taxable account since I wouldn’t pull money out of a tax deferred account. Since I only have stock mutual funds and ETFs in my taxable account, it would have to be stocks. Next I’d move to Roth IRA contributiuons, and finally penalty withdrawals from tax sheltered account...
by Jags4186
Sun Jun 17, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 39
Views: 2217

Re: How much (green) cash at home for emergency ?

A few thousand might be handy to pay (bribe) someone with boat to get you out of the second floor of your house and then get someone with a Jeep to get you through the foot deep water to somewhere dry with the power on. After that all you need is your normal amount of pocket cash, ATM card, and cre...
by Jags4186
Sun Jun 17, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 175
Views: 9929

Re: MD&P just purchased X / sold Y [md&pharmacist]

Let me know what details. I've posted my holdings..., relative positions and shares, performance statistics... You have not posted your performance, though many have asked. You’ve posted performance of the funds you hold, which is meaningless. md&pharmacist, To be able to review your personal perfo...
by Jags4186
Sun Jun 17, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: African Safari: Worth it or Hype?
Replies: 47
Views: 3307

Re: African Safari: Worth it or Hype?

It definitely depends on you. The idea that seeing animals in a zoo is as good as in the bush in Africa is unfathomable to me. If that is you don't waste your time and money. This reminds me of those people who insist that they can’t tell the difference between Standard Definition TV and High Defin...
by Jags4186
Fri Jun 15, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: ownership at Ally
Replies: 7
Views: 594

Re: ownership at Ally

retiredbuthappy wrote:
Fri Jun 15, 2018 1:04 pm
Can husband and wife jointly own an interest bearing checking account at Ally?
Not so at CapitalOne, but ok at local credit unions.
Thanks
RbH
Yes we have joint checking and savings at Ally.
by Jags4186
Fri Jun 15, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 123
Views: 8807

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

...Now, Dave of course recommends no bonds. But while he may give some borrower slave to lender nonsense why bonds aren't good... Just to be clear. When you own a bond, you are the lender and the bond issuer is the borrower. I understand you to say that Dave Ramsey objects to all loans , not just b...
by Jags4186
Fri Jun 15, 2018 6:49 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 123
Views: 8807

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

There are several misconceptions on what Dave Ramsey says. Just to clear up a few things: Dave recommends *no* savings until you are out of consumer debt, even passing up 401k matches. Dave recommends active funds in tax deferred/tax free accounts, but he also admittedly uses an S&P 500 index fund i...
by Jags4186
Thu Jun 14, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 22
Views: 1618

Re: Home Sellers - do you read Buyer inspection reports?

I guess I don’t entirely get what people are saying. What typically happens is the buyer says you have to fix or I want money off due to X,Y and Z. There is no possible way to avoid knowing X,Y and Z. X,Y and Z are typically the biggest problem found (though they may throw in the small stuff too). ...
by Jags4186
Thu Jun 14, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 101
Views: 7614

Re: I was rear ended and the other guy wants a payout!

If you have collision coverage you should file the claim with your insurance company, and then they will subrogate the claim with the other driver's company. You'll pay your deductible and then in a few weeks you'll get a check back from your insurance company.
by Jags4186
Thu Jun 14, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: FIRE to Sweden from Switzerland on 1M euro?
Replies: 16
Views: 1248

Re: FIRE to Sweden from Switzerland on 1M euro?

E3000/mo may or may not be enough for you, long term. You say you have a young family and live frugally. Everyone who has means can say they live frugally but every so often you want a toy or want to go somewhere. I’d say this is especially true in Sweden where the weather stinks much of the year. A...
by Jags4186
Wed Jun 13, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 73
Views: 11600

Re: Paul Merriman criticism?

Jags4186: Reversion to the mean has already happened. Five years ago Value was the rage and many bought value. But look at Value now. During the past five years a $10,000 investment in Vanguard Value Index is now worth $17,617. Not bad, but reversion to the mean has increased a $10,000 investment f...
by Jags4186
Wed Jun 13, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 73
Views: 11600

Re: Paul Merriman criticism?

Thank you CyclingDemo and Jags4186 for your patience and answering my questions!! Merriman is a big believer in value stocks. Although VIOO is a blend small cap fund, SLYV is a value small cap fund. By combining a value fund with a blend fund (growth & value) you theoretically get 75% value, 25% gr...
by Jags4186
Wed Jun 13, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 73
Views: 11600

Re: Paul Merriman criticism?

At https://paulmerriman.com/vanguard/ Paul Merriman recommends Vanguard FTSE All-World ex-US Small Cap Index Fund (VFSVX) as well as funds for other asset classes. Thank you JimInIllinois! One thing that throws me off in the sample portfolios: not sure why there are duplicates in the portfolio: for...
by Jags4186
Wed Jun 13, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 6899

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

It’s too early to make judgments on millenials. I am an “old” millenial, born in 1986. I didn’t have a computer in the house I was allowed to touch until I was 12, and we didn’t have the internet until I was 14. My wife and I just bought our first home, in the suburbs. Millenials range from ages abo...
by Jags4186
Wed Jun 13, 2018 6:15 am
Forum: Investing - Theory, News & General
Topic: 3.75 mortgage with PMI or refinance 4.4 no PMI
Replies: 6
Views: 640

Re: 3.75 mortgage with PMI or refinance 4.4 no PMI

I currently have a mortgage at 3.75% interest rate but I have to pay PMI indefinitely at approx. $125 a month. Would it make sense to refinance to a 4.4% mortgage? It will cost me approx. $20k to add to the principle including mortgage fees and points to get this rate. I'm just wondering if it woul...
by Jags4186
Tue Jun 12, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Imagine a 10 year, 0%, noncallable loan
Replies: 49
Views: 2937

Re: Imagine a 10 year, 0%, noncallable loan

What type of investment options give you a guaranteed rate for 10 years and can take from the principal to pay off the loan? You’d do a CD ladder and keep 1 years worth of payments in a savings/money market account. Every year when a CD matures you migrate that to the the savings account paying mar...
by Jags4186
Tue Jun 12, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest $50K+ down payment money for five years?
Replies: 47
Views: 3411

Re: Where to invest $50K+ down payment money for five years?

What is special about 5 years? Is it because you will need 5 years to save up enough down payment to get the house you want? Because you will be in a different locale? I would not keep money in cash beyond your emergency fund until you are actually serious about looking for a house. I would invest i...
by Jags4186
Tue Jun 12, 2018 3:27 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 175
Views: 9929

Re: MD&P just purchased X / sold Y [md&pharmacist]

Here's the issue. You say you are worth $10 million. You have 15% of your net worth in stocks. That's $1.5 million. You claim to be averaging 30-40% returns. You've been investing for 20 years. $8,000 over 20 years at 30% (your low end) is $1.5 million. So either you are the worlds greatest investor...
by Jags4186
Mon Jun 11, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 62
Views: 4967

Re: Strategy for a prolonged bear market

Interesting question since we really don’t have prolonged bear markets. Since World War 2 there have only been two calendar year periods where the stock market has returned negative returns In consecutive years 1973-1974 and 2000-2002. 2008 is merely a blip in 15 years of positive returns. I don't ...
by Jags4186
Sun Jun 10, 2018 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 62
Views: 4967

Re: Strategy for a prolonged bear market

Interesting question since we really don’t have prolonged bear markets. Since World War 2 there have only been two calendar year periods where the stock market has returned negative returns In consecutive years 1973-1974 and 2000-2002. 2008 is merely a blip in 15 years of positive returns.
by Jags4186
Sun Jun 10, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Why large cap if small cap is better?
Replies: 20
Views: 1495

Re: Why large cap if small cap is better?

If you believe this, don’t just buy small-caps. Go short large-caps at the same time at going long small-caps. Why would you short something that goes up? OP didn’t say large caps are going down in value, just that small caps go up more than large caps. OP, own a little bit of everything and no mat...
by Jags4186
Sun Jun 10, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Are insurance rates non-negotiable/fixed?
Replies: 13
Views: 530

Re: Are insurance rates non-negotiable/fixed?

For the most part no, they are not negotiable. Many people get a new member discount/online sign up discount/etc etc which gets the rate low enough to switch. Of course you then lose the discount and they count on you not switching. I wouldn’t be surprised if the first premium is a loss leader, or a...
by Jags4186
Sat Jun 09, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moved Family Across Country for New Job and Job is now gone
Replies: 27
Views: 6417

Re: Moved Family Across Country for New Job and Job is now gone

If you have a financing contingency simply inform your mortgage lender you are no longer employed and have no income. They will renege on the loan and you’ll get your earnest money back.
by Jags4186
Sat Jun 09, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing when someone else gets all dividends
Replies: 80
Views: 4688

Re: Investing when someone else gets all dividends

There is no way to be fair. The more dividends that are paid out the less the price return will be. If there is a true need to be fair, then you should be invested in a 3 fund portfolio which will pay out the average dividends of the whole market. Otherwise you can play games from going 100% Berkshi...
by Jags4186
Fri Jun 08, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: M1 Finance
Replies: 16
Views: 2084

Re: M1 Finance

Please tell us about trade executions if you can. Can one submit limit orders? Can one submit market orders at any time ... or do trades happen when M1 Finance wants to make trades such as Tuesday afternoons only or market open only or after a market-up by M1 Finance? How does one know if one is ge...
by Jags4186
Fri Jun 08, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you Invest in Good Economy like this ?
Replies: 27
Views: 2094

Re: Where do you Invest in Good Economy like this ?

I am looking at and/or own: INPIX, DXQLX, SMPIX, UGPIX, FSPHX, FSMEX, FSRPX, PSGAX, MSEGX. Well diversified, strong mix. Yes, higher expense ratios. If you do your research, you'll find the funds with the lower expenses have poor relative performance. Focus on strong 3-10 year returns if you don't ...
by Jags4186
Fri Jun 08, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this house?
Replies: 3
Views: 460

Re: Can I afford this house?

What are the taxes and insurance on a $1.5m house? Where I live property taxes could be $40-60k/yr on a house that expensive.
by Jags4186
Fri Jun 08, 2018 8:22 am
Forum: Investing - Theory, News & General
Topic: $1M Question
Replies: 38
Views: 4791

Re: $1M Question

Volumeusa wrote:
Fri Jun 08, 2018 12:56 am
With utmost sincerity, a dummy with $12k (me) walks up to you and asks:

Via investing of any kind, what can I do to make $1M in one year from now?
Invest in penny stocks. All you need is two 10 baggers to get to $1,000,000. Every day there is a 10 bagger penny stock.

Good luck!
by Jags4186
Thu Jun 07, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to legally avoid a bank levy?
Replies: 16
Views: 2097

Re: How to legally avoid a bank levy?

Convert bank held assets to hard assets and keep in a safe. If you have someone you fully trust you could buy physical gold and or bearer bonds and hold it in someone else’s safety deposit box. Creditors can search SDB if they know you have one but I see no way for them to go into someone else’s box...
by Jags4186
Thu Jun 07, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5027

Re: daughter wants a college transfer?

Greek life argument is stupid IMO. I went to a school with a “large dominating” Greek life and it was 30% of the student body. I wasn’t a math major but if 30% is Greek that means 70% isn’t. Surprise, Cornell also has about 30% in Greek life. My suggestion? She joins some clubs.
by Jags4186
Thu Jun 07, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 137
Views: 14682

Re: Paul Merriman and Small Cap Value

Interesting that the second such very rare 15 year spell of underperformance period for SCV should be now when there is massive proliferation of factor based ETFs and funds and markets are dominated by professionals. Garland Whizzer Where is the underperformance of SCV? Most recent 15 years: 2003-2...
by Jags4186
Tue Jun 05, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: Best insurer? Allstate vs chubb vs AAA or others
Replies: 34
Views: 2404

Re: Best insurer? Allstate vs chubb vs AAA or others

I used to do insurance myself, called around for best rates every year, etc. etc. This year I used a broker and she did better than I’ve ever done and it required no work on my part. Depending where you live you’ll find there are dozens of insurance companies that aren’t consumer direct—you need to ...
by Jags4186
Tue Jun 05, 2018 6:54 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3006

Re: WSJ:Social Security Expected to Dip Into Its Reserves This Year

What is the economic reason why Social Security would need to change/benefits would need to be reduced? Couldn’t the Federal Reserve just create the money and deposit it into recipients accounts?
by Jags4186
Mon Jun 04, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7385

Re: Is our monthly Personal money out of line?

I hate the idea of having some sort of personal spending money that the other spouse has no say in. When I want something, I buy it. When my wife wants something, she buys it. We don’t buy things that we think the other would disapprove of, and we discuss things that are over arbitrary values. It se...
by Jags4186
Mon Jun 04, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Redeeming Credit Card Miles
Replies: 10
Views: 961

Re: Redeeming Credit Card Miles

1) Book refundable airfare
2) Redeem venture miles against charge
3) Cancel airfare, get your refund
by Jags4186
Mon Jun 04, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12386

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Become a professor of something you’re actually an expert on. No law school will hire a 67 year old with 3 years legal work experience to be a professor. No law firm will hire a 64 year old law school grad. I also doubt you would be able to handle the abuse of your 30 years your junior boss at a big...
by Jags4186
Mon Jun 04, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 75
Views: 5627

Re: What is your Take Home Pay / Gross Pay ratio?

I’m at 52% take home
Wife is at 54% take home
by Jags4186
Sun Jun 03, 2018 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: New House or invest
Replies: 21
Views: 1854

Re: New House or invest

You have $375,000 and $110,000 in home equity. It will cost you $25,000 - $35,000 to sell your home and buy a new one. You are 50 years old and I assume you would like to retire around age 66. Assuming you receive $30,000/yr in today’s dollars from Social Security at 66, how much money, in today’s d...
by Jags4186
Sun Jun 03, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

An emergency fund is a form of insurance. Insurance that we do not have to spend money that is already invested, possibly taking on additional expenses in the form of creating a taxable event at an inopportune time or selling an asset while it is down in value and permanently losing the opportunity...
by Jags4186
Sun Jun 03, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

2) You win with (2) if and only if you never need to use the money for 40%/3% = 13 years. Is the person that lucky? False. You win if the average return to stocks is greater than the average return to a savings account (or something like it) over the length of the investment. Over 30 years, that is...
by Jags4186
Sun Jun 03, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

As I wrote in that same post "An emergency does not even mean decreasing the equities held (sell equities a taxable account, and replace them by exchanging fixed income to equities in tax-advantaged accounts)". So if the stock market had been down I could have kept the same amount in equities and s...
by Jags4186
Sun Jun 03, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

"1) Unless you can see the future, you would not know what is x." I don't know what point you're trying to make here. Statistically speaking, having the money in stocks/bonds will return more than keeping it in savings. Even you would agree with this - which is why you own stocks and bonds. There i...
by Jags4186
Sun Jun 03, 2018 10:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s Asset Growth Is Slowing
Replies: 9
Views: 1842

Re: Vanguard’s Asset Growth Is Slowing

Good. Need others to have some success as well. Creates better competition.
by Jags4186
Sun Jun 03, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

Some reasons have been better than others. The most vocal and obnoxious advocates of savings accounts also gave the worst reasons. A synopsis of reasons: 1. "It's not that important." You can say that about any portion of your assets. Terrible reason. 2. "I want a physical bank." You can have a min...
by Jags4186
Sat Jun 02, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

It seems to me that the people saying you don’t need an emergency fund either don’t care to listen to the reasons why one might be prudent or are simply participating in this thread to give us the math on compound interest. It also seems to ignore the fact that with a little work you can do better t...
by Jags4186
Sat Jun 02, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

A typical family’s emergency fund is anywhere from $10,000-$60,000. Most people are broke so that's not typical but its probably common if you are talking about the minority of families with some financial sense. Let me rephrase. A typical family’s emergency fund should be $10,000 to $60,000. Media...
by Jags4186
Sat Jun 02, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

A typical family’s emergency fund is anywhere from $10,000-$60,000. Most people are broke so that's not typical but its probably common if you are talking about the minority of families with some financial sense. Let me rephrase. A typical family’s emergency fund should be $10,000 to $60,000. Media...
by Jags4186
Sat Jun 02, 2018 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

Have not had a savings account in years. I keep two months expenses in a checking account. Anything else goes into a taxable account. My opinion is that people keep too much money in savings accounts, losing money to inflation. Only if you’re lazy. A typical family’s emergency fund is anywhere from...
by Jags4186
Sat Jun 02, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10361

Re: Why have a savings account at all?

The logic here is faulty. You are asking a meaningless question. The point of an emergency fund is to use in emergencies. Stating you would make 100k or even 50k off of your email fund shows that you don't really understand it's point. Throwing average typical yields as a reason is like saying why ...