Search found 54 matches

by yb
Thu Oct 31, 2019 3:25 pm
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 42
Views: 5105

Re: Afraid to take the leap

I agree with all of the above advice regarding market timing. However, given that OP is in their 20's and worried about losing the $15,000 that I sure took a lot of effort and discipline to accumulate, I think we should address basic personal finance questions before blanketly suggesting investing. ...
by yb
Fri Oct 11, 2019 11:58 am
Forum: Investing - Theory, News & General
Topic: Anyone buying PG&E stock?
Replies: 60
Views: 5245

Re: Anyone buying PG&E stock?

This isn't meant to reflect on the OP specifically, but I feel the following article could be applied to most questions about individual stocks on this board.

https://www.whitecoatinvestor.com/indiv ... ocks-dumb/

It should probably be a sticky.
by yb
Sat Aug 27, 2016 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a free cell phone service provider?
Replies: 21
Views: 3878

Re: Is anyone using a free cell phone service provider?

We've been using Ting which has a la carte pricing. We bought two used Sprint iphone 5s off of ebay and our bill ranges between $45-$75 for two lines, depending on data usage and minutes. We tend not to use a lot of cellular data and instead use wifi, but when we have, our bill hasn't exceeded $75. ...
by yb
Wed Sep 17, 2014 10:43 am
Forum: Personal Investments
Topic: Help w/ Wife's Poor 401k Options
Replies: 8
Views: 925

Re: Help w/ Wife's Poor 401k Options

What do you want your overall asset allocation to be?

What other accounts do you have?

My wife's 401k has expensive bond and international options, but decent domestic stock indexes, so we use her ROTH to cover bonds and international at Vanguard.
by yb
Sat Sep 06, 2014 3:45 pm
Forum: Personal Investments
Topic: between rebalancing, Stocks or bonds?
Replies: 8
Views: 516

Re: between rebalancing, Stocks or bonds?

I don't understand this. If your accounts are balanced, just divide up your new contributions according to your desired asset allocation. If they aren't at your desired asset allocation, then make your additions to the fund or funds which are below your desired allocation. I don't understand what yo...
by yb
Wed Aug 13, 2014 4:40 pm
Forum: Personal Investments
Topic: Can I open a Solo 401k plan with no income?
Replies: 15
Views: 2985

Re: Can I open a Solo 401k plan with no income?

Just curious, why wouldn't you want to do a simple ROTH conversion with your wife's account? Wouldn't it achieve the same goal?
by yb
Thu Jul 17, 2014 10:22 am
Forum: Personal Investments
Topic: Living on Dividends
Replies: 18
Views: 5155

Re: Living on Dividends

Congratulations on getting an early start on a good savings habit! In the next five years, if you keep up your savings, keep things in low cost index funds, you will be in great shape financially! >What should I do with any extra funds after filling the Roth IRA annual contribution limit? Start an e...
by yb
Tue Jul 08, 2014 3:01 pm
Forum: Personal Investments
Topic: Unknown Time Horizon
Replies: 12
Views: 1222

Re: Unknown Time Horizon

It seems like the early retirement scenario involves you receiving a lot of new money in the next few years (and is not dependent on investment returns). If that happens, you can always allocate your new assets according to your new plan for your new situation. Do you have a separate emergency fund ...
by yb
Tue Jun 03, 2014 12:30 am
Forum: Personal Consumer Issues
Topic: Amazon prime - how to get the best out of it?
Replies: 48
Views: 6580

Re: Amazon prime - how to get the best out of it?

Giving small gifts with prime is really easy. Often I would have spent more on the shipping alone to send a small gift.
by yb
Tue Apr 15, 2014 11:12 am
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 50
Views: 7421

Re: Favorite Investing Book?

A Random Walk Down Wall Street and the Four Pillars of Investing.
by yb
Sun Mar 23, 2014 12:47 am
Forum: Personal Consumer Issues
Topic: Installing Win8.1 on an old PC - one successful data point
Replies: 24
Views: 2733

Re: Installing Win8.1 on an old PC - one successful data poi

If you're mainly browsing, watching streaming shows, and making documents in open office and you have an older computer, I would strongly suggest trying one of the linux packages, like ubuntu. It is free, easy to try and can be set up in dual boot if you want to keep your existing windows as an opti...
by yb
Sat Mar 15, 2014 10:51 am
Forum: Personal Investments
Topic: Maxed out.. what is next.?
Replies: 6
Views: 962

Re: Maxed out.. what is next.?

Taxable makes sense, but also consider a Health Savings Account if available.
by yb
Sun Mar 02, 2014 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Decreasing Term Life Insurance question
Replies: 18
Views: 1754

Re: Decreasing Term Life Insurance question

If you consider inflation, most term life insurance plans offer a decreasing payout in real dollars. You could always price out the effect of purchasing more than one plan using different durations and that would have a more dramatic decreasing effect and give you a comparison to other all in one pl...
by yb
Fri Jan 31, 2014 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Low Income Budget
Replies: 70
Views: 6871

Re: Low Income Budget

The gas is for our cars. We live out in the sticks, my job is 15 minutes one way, husbands is 30 minutes. Can't cut back. We both have paid off, decent cars. Mine gets over 30 miles per gallon. If his commute is longer, let your husband drive the car with the better gas mileage. It might make a sma...
by yb
Fri Dec 20, 2013 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move to California from Midwest?
Replies: 153
Views: 12965

Re: Should I move to California from Midwest?

Have you checked out this cost of living calculator?

http://money.cnn.com/calculator/pf/cost-of-living/
by yb
Thu Aug 08, 2013 2:21 pm
Forum: Personal Investments
Topic: New to investing
Replies: 15
Views: 1337

Re: New to investing

Put $4000 in a savings account and $5000 in I-bonds. This is not an exciting plan, but it will ensure that you have enough for an emergency in the short term and also have some money for whatever unforeseen events might happen in your 20's and 30's. Who knows, it might be the beginning of your house...
by yb
Fri Mar 08, 2013 11:28 pm
Forum: Investing - Theory, News & General
Topic: DOW 36,000 Again!!!
Replies: 28
Views: 4146

Re: DOW 36,000 Again!!!

(P. S. Notice that BEARX lost more money than Total Stock made. I was going to make a point about the foolishness of thinking of a bear fund as a "hedge"--it makes no sense to devote part of a stock portfolio to it, no sense to mix it with stock funds. But he didn't specifically recommend BEARX and...
by yb
Fri Feb 15, 2013 8:57 pm
Forum: Personal Investments
Topic: Process to Invest $6 Million [Portfolio Help]
Replies: 17
Views: 3149

Re: Process to Invest $6 Million [Portfolio Help]

First off, congrats! Second, What is your asset allocation now and what would you like it to be now that you have this new 6 million dollars. Third, while you wait to invest, what do you plan to do with the remaining money? Again congratulations!
by yb
Tue Jan 08, 2013 10:12 am
Forum: Personal Investments
Topic: At What Level Does a Portfolio Take Off?
Replies: 94
Views: 12734

Re: At What Level Does a Portfolio Take Off?

I think many on this board may have trouble remembering when it took forever for savings to grow (or maybe they never experienced this time at all). I remember when it took a long time to get a couple thousand in my savings account only to have it go back down to a couple hundred due to a vacation o...
by yb
Thu Jan 03, 2013 5:35 pm
Forum: Personal Investments
Topic: Race to 1 Million Help
Replies: 28
Views: 3900

Re: Race to 1 Million Help

Get a job that pays well.
by yb
Thu Jan 03, 2013 2:33 pm
Forum: Personal Consumer Issues
Topic: Which Financial Software do You Use?
Replies: 51
Views: 5405

Re: Which Financial Software do You Use?

We've been using yodlee for years. We still use the classic view. We've occasionally had issues with certain sites like Treasury Direct, but for the most part, it has done a great job of keeping all of our accounts in one easy place.

http://moneycenter.yodlee.com/
by yb
Tue Nov 27, 2012 10:01 am
Forum: Personal Investments
Topic: 27 Years Old - Help With Portfolio
Replies: 5
Views: 763

Re: 27 Years Old - Help With Portfolio

I would strongly consider upping your 401k contributions. It will help keep you in a low tax bracket, force you to reduce some unnecessary spending, and act as an automated savings plan. At your young age, getting in the habit of actually matching your 401k (in addition to your Roth) will do wonders...
by yb
Thu Oct 11, 2012 9:15 am
Forum: Personal Investments
Topic: Use I bonds for bond portion of retirement portfolio?
Replies: 8
Views: 1715

Re: Use I bonds for bond portion of retirement portfolio?

If you only have $25,000 in your bond allocation, why complicate things by having it in both tax deferred and taxable and having it in 3 different accounts (as opposed to only TBM in tax deferred and Equities in taxable)? I think I-Bonds are a good deal, but they would make things more complicated w...
by yb
Mon Sep 24, 2012 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best way to get a job?
Replies: 28
Views: 2546

Re: What's the best way to get a job?

Regarding networking, I thought this was a reasonable approach:

http://www.theladders.com/career-newsle ... -reference
by yb
Mon Aug 20, 2012 9:26 am
Forum: Personal Finance (Not Investing)
Topic: How to Budget
Replies: 10
Views: 2858

Re: How to Budget

I use a modified version of this template: http://office.microsoft.com/en-us/templates/family-monthly-budget-planner-TC001023342.aspx I tend to redo the budget once a year to plan for expected big expenses (travel, computer, car repair) divided by 12 and also update it when regular expenses or incom...
by yb
Wed Aug 15, 2012 8:31 am
Forum: Investing - Theory, News & General
Topic: "The Secret of two-times pay" from Your Money Ratios
Replies: 97
Views: 16790

Re: "The Secret of two-times pay" from Your Money Ratios

I think of this from the perspectives of my friends and relatives who are either in debt or just breaking even and not doing anything to really get on the savings train. At first, it seems like savings takes forever to grow. When the market is performing badly, it looks like no progress is being mad...
by yb
Fri Aug 03, 2012 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Increase - To Move Or Not To Move
Replies: 28
Views: 3064

Re: Rental Increase - To Move Or Not To Move

What expenses make up the additional $1250 a month? I'm sure if you look at those numbers, you could find ways to save a lot more than an extra $25 a month. Many people make much less than you two and manage to afford much higher rent. Stay where you are, spend your extra time finding new employment...
by yb
Thu Jul 12, 2012 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is elementary private school education worth the price?
Replies: 104
Views: 10113

Re: Elementary private school education a scam??

If someone going to a $15000 private school can be expected to make an additional $5,000 per year (+inflation adjustment), then that person can expect to make up that amount in their working career. And in cases where there is not a really good public option, I don't think that the extra $5000 is a...
by yb
Mon Apr 30, 2012 8:39 pm
Forum: Personal Investments
Topic: Recommendations to invest $1000/month (Non Retirement)
Replies: 26
Views: 4170

Re: Recommendations to invest $1000/month (Non Retirement)

Another vote for I-Bonds. If you are buying every month, I-Bonds provide a flexible way to invest your money safely with relatively little penalty for early withdrawal, which you need when you decide to make a downpayment for a home purchase. The only limitations are that, if you are single, you wil...
by yb
Wed Apr 04, 2012 4:35 pm
Forum: Personal Investments
Topic: IBonds Vs TaxExempt funds, and the winner is...
Replies: 6
Views: 1103

Re: IBonds Vs TaxExempt funds, and the winner is...

Treasury Direct is not that difficult to navigate and once you have an account set up it isn't too much different from any other online system. With I Bonds, you have zero risk of losing capital. I vote I Bonds.
by yb
Mon Apr 02, 2012 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: 0%-interest, no-fee cash advance is back
Replies: 85
Views: 7837

Re: 0%-interest, no-fee cash advance is back

What if you flipped a coin and if it came up heads, you gave me $100.00, but if it came up tails, I gave you $100.01? Would you accept that coin flip? Would you do that? How many of these flips do you think you will see in your life? Do you think you'll see enough to approximate the expected value? ...
by yb
Mon Apr 02, 2012 4:11 pm
Forum: Personal Investments
Topic: Help Getting Started (Medical Student)
Replies: 16
Views: 1412

Re: Help Getting Started (Medical Student)

Just going to give this a quick bump to ask about the PhD stipend....I have heard that is has to be taxed but you can't use it for a Roth? Do most Universities have a retirement program for students to put some of their stipend into? I do not think so. In my case, the university does not consider t...
by yb
Wed Mar 28, 2012 1:12 pm
Forum: Personal Investments
Topic: Help Getting Started (Medical Student)
Replies: 16
Views: 1412

Re: Help Getting Started (Medical Student)

Renaissance Man wrote:I didn't know that a stipend didn't count as income, even for a PhD?
Apparently, it is "income" and you have to pay tax on it, but it is not "earned income."
by yb
Wed Mar 28, 2012 12:52 pm
Forum: Personal Investments
Topic: Help Getting Started (Medical Student)
Replies: 16
Views: 1412

Re: Help Getting Started (Medical Student)

Unless your fiancé is earning income, she won't be able to contribute to a Roth. In most cases, stipends do not count as earned income, unless they are paid for a specific service (like teaching). Do yourself a favor and take out as little as possible for living expenses. Then, when you are in resid...
by yb
Fri Mar 02, 2012 1:31 pm
Forum: Personal Investments
Topic: stats help/personal finance data
Replies: 9
Views: 815

Re: stats help/personal finance data

Check out R, it is free and powerful.

http://www.r-project.org/
by yb
Fri Mar 02, 2012 12:44 pm
Forum: Personal Investments
Topic: stats help/personal finance data
Replies: 9
Views: 815

Re: stats help/personal finance data

You could try to just run the anova on the ranked data and follow up any simple effects or interactions with KW or mann-whitney. However, in general, if you have a limited dataset, a simpler approach will probably be more useful. What are your explanatory variables? see https://listserv.umd.edu/cgi-...
by yb
Wed Feb 29, 2012 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Back to Med School - Financially Worth It?
Replies: 87
Views: 13816

Re: Back to Med School - Financially Worth It?

I'm currently in an MD/PhD program and whenever one of my classmates ask me about my tuition being covered, I tell them to live like a graduate student for four years after they graduate and they'll come out ahead. So to you, I say just live on a medical student's budget for 4 years, and then upgrad...
by yb
Mon Dec 19, 2011 6:40 pm
Forum: Personal Investments
Topic: 25 and New to Asset Allocation
Replies: 13
Views: 1529

Re: 25 and New to Asset Allocation

...because my timeline for my 401k is not 50 years (or whatever the timeline to retirement is) the timeline is how long I anticipate being at my current job. Could you explain why your investment timeline for a 401k would be based on how long you anticipate being at your current job? If you change ...
by yb
Thu Oct 27, 2011 12:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle says rebalancing oversold
Replies: 88
Views: 9490

Re: John Bogle says rebalancing oversold

Doesn't this all argue against funds that rebalance daily? It seems like the difference between these daily rebalancing funds (e.g. TR) and holding the equivalent funds and rebalancing every year (or four) would be equal to what had been calculated as the "rebalancing bonus" (geometric return of a r...
by yb
Wed Oct 26, 2011 4:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle says rebalancing oversold
Replies: 88
Views: 9490

Re: John Bogle says rebalancing oversold

"The often quoted rebalancing bonus is the difference between the geometric return of a rebalanced portfolio and the weighted average of annualised geometric returns of the individual asset classes (or security groups) in portfolio (see Bernstein and Gummy in the links in the above referenced post)...
by yb
Mon Oct 24, 2011 1:09 pm
Forum: Personal Investments
Topic: GroupOn IPO
Replies: 42
Views: 4186

Re: GroupOn IPO

As a long term and frequent groupon buyer, I think that it offers quite a bit to businesses. First there is an initial increase in cash flow, before any of the groupons are used. Second, there is an increase in customer traffic and sales. I have gone to several restaurants that I didn't know about b...
by yb
Fri Oct 21, 2011 10:58 pm
Forum: Personal Investments
Topic: Value of I Bonds in a young investor's portfolio?
Replies: 16
Views: 2669

Re: Value of I Bonds in a young investor's portfolio?

I don't think that most of the people buying i-bonds today are planning on holding them for 30 years. They are simply the current best rate for a safe investment of 5,10,or 20k/year.
by yb
Wed Oct 19, 2011 12:33 pm
Forum: Personal Investments
Topic: Portfolio advice for a 31/32 yr old married couple
Replies: 9
Views: 1755

Re: Portfolio advice for a 31/32 yr old married couple

1. Should we roll over my spouse’s old T Rowe Price 401k into an IRA or her current 401k? I would roll it over to a Vanguard IRA. This will increase the funds available at lower cost. 2. My current plan is to mimic Vanguard's 2045 retirement fund across our entire portfolio. a) does this make sense,...
by yb
Fri Oct 07, 2011 6:47 pm
Forum: Personal Consumer Issues
Topic: Brain teaser
Replies: 38
Views: 2872

Yes. There are three scenarios: A) Your number is less than the other two, giving you a 50% chance of being right. B) Your number is greater than the other two, giving you a 50% chance of being right. C) Your number is between the other two, giving you a 100% chance of being right. Since scenario C...
by yb
Thu Oct 06, 2011 3:59 pm
Forum: Personal Investments
Topic: To Roth or Not?
Replies: 13
Views: 1423

Up your 401k contributions to keep yourself in the 15% bracket even after bonuses. Then use any excess bonus to fund a regular Roth.
by yb
Sun Oct 02, 2011 10:40 am
Forum: Personal Finance (Not Investing)
Topic: An Agnostic Retirement Plan
Replies: 9
Views: 1583

Re: An Agnostic Retirement Plan

racy wrote:Is it better to have passive or managed funds? I don't know, there are good arguments both ways.
What is the good argument for actively managed funds?
by yb
Thu Sep 01, 2011 1:08 pm
Forum: Personal Investments
Topic: High-Yield Investment Advice
Replies: 17
Views: 2502

taxes

Hi Jared, This might not be an issue, but since this was your first business deal selling a screenplay, make sure that you have set aside some of the money for any taxes that might be due on that income. My little brother works in film and entertainment and often he receives checks from various stud...
by yb
Sat Aug 27, 2011 6:01 pm
Forum: Personal Investments
Topic: Lazy Portfolios- returns??
Replies: 19
Views: 6650

Looks good to me.
by yb
Sat Aug 27, 2011 11:23 am
Forum: Personal Investments
Topic: Lazy Portfolios- returns??
Replies: 19
Views: 6650

International allocation is often equated with percent of equities not percent of assets. Your current plan looks like 50% of equities going to international. I'm not sure if that is what you want. Also, earning 5-6% when the market is returning 1.8% is great. Think of all of the choices that had ne...