Search found 30 matches

by EzM
Mon Mar 19, 2018 3:45 pm
Forum: Investing - Theory, News & General
Topic: Why is 16 the magic number for FAs?
Replies: 27
Views: 4653

Re: Why is 16 the magic number for FAs?

No magic to 16. The only magic I'd see is 7 to get basic asset class exposure globally instead of using core funds. Then doubling that to have a tax managed version and a non TM version. Add a bond fund or two, or some alternative asset classes and you're there. DFA (and others) have taken steps to ...
by EzM
Tue Jan 16, 2018 4:55 pm
Forum: Investing - Theory, News & General
Topic: Is lump sum or dollar cost averaging more in line with boglehead values?
Replies: 22
Views: 1823

Re: Is lump sum or dollar cost averaging more in line with boglehead values?

Buy hold rebalance. Lump sum unless DCA helps you sleep at night. An appropriately diversified portfolio is held throughout all market conditions. Rebalancing helps you buy low, sell high, and maintain the appropriate risk exposure. Determining what % of equities is appropriate/necessary is the real...
by EzM
Tue Jan 09, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Men's no iron dress shirt recommendations
Replies: 66
Views: 5068

Re: Men's no iron dress shirt recommendations

Van Heusen Men's Traveler shirts are the only shirts I buy right now until I find other brands.
by EzM
Tue Jan 09, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Forgot to make my $5500 contribution for 2018
Replies: 36
Views: 5105

Re: Forgot to make my $5500 contribution for 2018

Forgot to make my $5500 contribution for 2018 on Jan 2. And apparently the stock market has had the best start to a year since 1987. Should I be kicking myself that I'm not getting my money in until today (or tomorrow)? Ugh, I hate when little things like this bother me. You win some, you lose some...
by EzM
Fri Apr 07, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: Part 2 of the series on alternative sources, this one on alternative lending
Replies: 16
Views: 3056

Re: Part 2 of the series on alternative sources, this one on alternative lending

Hi Larry, thanks for posting. Can you highlight why owning the typical reinsurers, or financial services and credit card companies in the public equity space is not good enough for capturing these premiums in a portfolio? What is the major draw in using Stoneridge instead, besides the costs and regu...
by EzM
Wed Apr 05, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 265
Views: 32242

Re: Low-earners- What is your profession?

Financial services - $70K. Was at $45K a few years ago.

Starting to creep up a bit earnings wise. But the stress is creeping up, too. I'd prefer $50K and happy over $70K and stressed at this point.
by EzM
Mon Mar 13, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Just made my very first ETF Trade - Lessons for Next time?
Replies: 74
Views: 4669

Re: Just made my very first ETF Trade - Lessons for Next time?

Market Orders. No need to get fancy unless you're trading illiquid securities or significant quantities.
by EzM
Mon Mar 06, 2017 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?
Replies: 33
Views: 2668

Re: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?

27/m. I'll be 90% equities until my financial capital is more than my human capital (essentially until my assets are halfway to my target number).
by EzM
Thu Nov 03, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
Replies: 55
Views: 7788

Re: 27/m. Wanting to Quit My Job. Any Words of Wisdom?

Thanks all. I will start job searching sooner rather than later (like tomorrow). I suppose that my loyalty is gone. Staying and studying Jan. through June to finish my CFA exam was my main goal, but I'm not sure if I can tolerate the work environment at the same time this go around. Switching jobs m...
by EzM
Thu Nov 03, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
Replies: 55
Views: 7788

Re: 27/m. Wanting to Quit My Job. Any Words of Wisdom?

Prioritize your health and well-being. Eat well; drink lots of water; exercise regularly; see a therapist. And yes, quit your job if it's killing you. Thanks for the insight. I've been doing the diet & exercise route as I've felt this for a while now. It's the sleeping more than 9 hours and struggl...
by EzM
Thu Nov 03, 2016 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
Replies: 55
Views: 7788

27/m. Wanting to Quit My Job. Any Words of Wisdom?

Hi all, I've been working 5 years straight now without much vacation. Smart kid, Finance degree from a state school, moved from $35k to $65k salary over this timeframe. Working on my CFA with 1 exam to go. 27/m single. I've seen 100% turnover at my current job (aside from the owners) and just can't ...
by EzM
Tue Sep 20, 2016 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Yup, another pension buyout offer...
Replies: 20
Views: 4023

Re: Yup, another pension buyout offer...

On paper, the lump some is rather unattractive. Assume age 80 life expectancy, 1.88% guaranteed rate of return (20 year risk-free treasury), the present value of the options are roughly: 1) $248,159 lump sum 2) $296,038 early option 3) $349,737 age 65 option (assumes 2027 payout) Break-even rate of ...
by EzM
Mon Mar 28, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Your first $100k
Replies: 52
Views: 10449

Re: Your first $100k

Turning 27 next month. $56k in retirement accounts, $14k in the bank.

My goal was $100K at 30 and I should hit it between 28-29, so about on par with you for now!

We will see what life brings.
by EzM
Mon Feb 29, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: When or how is your CFP not practicing in a fiduciary capacity?
Replies: 4
Views: 549

Re: When or how is your CFP not practicing in a fiduciary capacity?

I work at an RIA. The issues we mostly see are funds/products carrying commissions like front end loads or back end loads, variable annuities with long surrender periods, illiquid assets (like private REITs), or insurance products when there is no clear need/want for insurance (whole life policies o...
by EzM
Thu Jan 21, 2016 9:32 am
Forum: Personal Finance (Not Investing)
Topic: What was your % pay raise?
Replies: 179
Views: 20010

Re: What was your % pay raise?

26/m, small company (5 employees). 2015 was 8.3% raise, 8.3% bonus.

I feel like I'm getting close to a ceiling though. Probably 2% raise + 5% bonus in 2016.
by EzM
Mon Jan 04, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Target 2016?
Replies: 168
Views: 14105

Re: Savings % Target 2016?

30% towards retirement. 26/m.

Any extra (5-15%) goes to taxable savings for a down payment in the next few years.
by EzM
Thu Nov 12, 2015 10:34 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3177
Views: 967840

Re: What Book Are You Currently Reading? Part VI

The Big Short by Michael Lewis.

I'm getting excited for the movie now!
by EzM
Thu Nov 05, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Getting brokerage house to allow an executor to close account
Replies: 17
Views: 1477

Re: Getting brokerage house to allow an executor to close account

Keep talking to your attorney. Or find one. They'll instruct you how to title your assets to match your intent. The fastest way to close a brokerage account at death is the transfer on death (TOD) instruction. You would have to list where the assets would go. Otherwise, it follows your will which is...
by EzM
Thu Oct 08, 2015 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I purchase Life Insurance at 25?
Replies: 33
Views: 3255

Re: Should I purchase Life Insurance at 25?

To piggyback on the topic, should he consider disability insurance for himself? I'm 26, single, no dependents, as well.
by EzM
Wed Oct 07, 2015 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Trying out the stock market.
Replies: 48
Views: 2827

Re: Trying out the stock market.

Just find a cheaper broker. No experience with them, but look at Interactive Brokers.

I traded stock options with TradeKing years ago ($4 to 5 transaction fees) at age 22 straight out of college. Turned $500 into $700 into $0.

Getting rich quick isn't easy. Best of luck.
by EzM
Fri Sep 18, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: If You Have Savings In Your 20s, You’re Doing Something Wrong [article]
Replies: 148
Views: 16527

Re: If You Have Savings In Your 20s, You’re Doing Something Wrong [article]

The title just infringes on other people's values, assuming we all worry, live, and regret the same things. It also sounds like her parents pushed her to save. My parents did the opposite (their careless spending caused me to save for my future early on). It's easy to justify spending more money. An...
by EzM
Thu Sep 10, 2015 3:36 pm
Forum: Investing - Theory, News & General
Topic: AQR/Asness - How Can a Strategy Still Work If Everyone Knows About It?
Replies: 116
Views: 10345

Re: AQR/Asness - How Can a Strategy Still Work If Everyone Knows About It?

Re: DFA Even if you buy that DFA has a special sauce on small/value investing, as evidenced by its unusually good performance circa 2000-2003 (please don't look too hard at the performance outside of that timeframe), maybe you should research this question: What was DFA's AUM in 2000? What is DFA's...
by EzM
Tue Sep 08, 2015 11:58 am
Forum: Investing - Theory, News & General
Topic: Finding "The Intelligent Investor" tedious
Replies: 22
Views: 3821

Re: Finding "The Intelligent Investor" tedious

I've read it a few times. My first read at age 21, I found it tedious but completed it. I probably missed half of the concepts. 2nd read through (a year or two later), I had a better understanding of financial statements, calculated some of the ratios on actual companies, and tried to note his major...
by EzM
Thu Sep 03, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Goal: Have $0 left when I die
Replies: 66
Views: 6182

Re: Goal: Have $0 left when I die

You could treat spending like an RMD based on whatever life expectancy you have. 1/24, 1/23 the following year, etc.

Otherwise, this is exactly what annuities are for. Longevity insurance with no death benefit.
by EzM
Mon Aug 24, 2015 10:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6752
Views: 1469238

Re: U.S. stocks in freefall

Curious, did anyone in here buy following the 1k drop? I managed to get a few shares of Schwab US Broad Market at the low and was surprised that the order actually filled. It might be time for me to keep the Schwab checking acct funded a bit to have access to instant contributions... http://i.imgur...
by EzM
Thu Aug 13, 2015 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Overfunded (?) Coverdell / 529
Replies: 3
Views: 439

Re: Overfunded (?) Coverdell / 529

The 529 plan should allow you to change beneficiaries on the account to any other blood relative. Meaning, any unused funds for the oldest kid could be passed down to the younger ones. However, any funds considered UTMA/UGMA belong to the kid directly, and would not be able to transfer to another si...
by EzM
Mon Feb 16, 2015 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion-hunting: NW to home ratio? NW is high...
Replies: 16
Views: 1751

Re: Opinion-hunting: NW to home ratio? NW is high...

At a conservative withdrawal rate of 3% that gives $540k/yr to play with. Could spend $200k/yr on residences and still have $340K to live on. Mortgage calcs seem to think $2.5m is a good number for a $192k/yr payment over 30 yr. Alternatively, $2m @ 20 year or $1.4m @ 10 year mortgage with payments ...
by EzM
Fri Jan 30, 2015 3:55 pm
Forum: Investing - Theory, News & General
Topic: What will be the biggest investment surprises of 2015?
Replies: 84
Views: 11572

Re: What will be the biggest investment surprises of 2015?

A portfolio consisting of 100% cash will have the highest real return.

This is not my bet on what will occur, just a bet on what is unlikely to occur (surprise!).
by EzM
Tue Oct 28, 2014 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investors Plan – I'm Firing Questions!
Replies: 14
Views: 2922

Re: Young Investors Plan – I'm Firing Questions!

Personally, I would use ETFs to have the correct asset allocation now rather than wait. There are many ETF variants that mimic the Vanguard mutual funds, have low expenses, and can be purchased commission-free.

Vanguard Total Stock Market - VTI

https://personal.vanguard.com/us/funds/etf
by EzM
Wed Sep 24, 2014 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Personal finance book for young adults?
Replies: 7
Views: 941

Re: Personal finance book for young adults?

I Will Teach You to be Rich by Ramit Sethi is a popular recommendation. It touches on all aspects of personal finance.

+1 for Bill Bernstein's "If You Can"